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  • LONDON, Feb 4- Flagging fertiliser prices are set for a further fall which will likely drive some high-cost Chinese producers out of business to help ease a stocks overhang and lift prices later in 2016, one of the world's largest producers, Russia's PhosAgro, said. Chief Executive Andrei Guryev said he expected prices for phosphate, potash and nitrogen...

  • HONG KONG, Feb 4- State-owned China National Chemical Corp plans for a mix of recourse and non-recourse loans to fund a $43 billion bid for Swiss seeds and pesticides group Syngenta, Thomson Reuters LPC said on Thursday, citing banking sources familiar with the plans. The specific breakdown of the funding package has yet to be decided, but about $30 billion would...

  • WASHINGTON, Feb 3- The state-owned China National Chemical Corp, which plans to buy Swiss seeds and pesticide maker Syngenta, will promptly start preparations for what could be a lengthy U.S. national security review, as the House Agriculture Committee chairman said he would monitor the deal. The $43 billion deal, which was announced on Wednesday as a way for...

  • Crown tops 4Q profit forecasts Wednesday, 3 Feb 2016 | 6:17 PM ET

    PHILADELPHIA _ Crown Holdings Inc. on Wednesday reported fourth-quarter net income of $66 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Five analysts surveyed by Zacks expected $2.13 billion.

  • HOUSTON, Feb 3- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow further as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only National Oilwell Varco but dozens of others...

  • Merck and Chipotle are big market movers Wednesday, 3 Feb 2016 | 4:41 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:. Merck& Co., down 36 cents to $50.05. Chipotle Mexican Grill Inc., down $13.93 to $461.74.

  • HOUSTON, Feb 3- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow more as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only NOV but dozens of others throughout North...

  • Lawmakers seek $1 billion for struggling coal states Wednesday, 3 Feb 2016 | 2:53 PM ET

    Hal Rogers, chairman of the House Appropriations Committee and one of the bill's sponsors, said the measure has bipartisan support and was crafted with help from the White House. The $1 billion taken from the Abandoned Mine Reclamation Fund would be used for economic development— tourism, infrastructure, new business— on or near sites that have been deemed...

  • Some 50 million tonnes of excess steel capacity was shut last year in China, which produces about half the world's 1.6 billion tonnes of steel, and whose major steelmakers lost 53.1 billion yuan from January to November.. China steel rebar prices have gained 1.7 percent this year to 1,826 yuan a tonne following the cutbacks. Outside China, another 20 millions...

  • BELLE GLADE, Fla.— Dozens of farmworkers looked up at the little yellow plane buzzing over the Florida radish field, a mist of pesticide falling from its wings. "I smelled a strong odor and started feeling bad," worker Maria Garcia later told a state investigator. An Associated Press review of federal and state enforcement data and other records revealed that the...

  • NEW DELHI/ MANILA, Feb 3- State-run Indian company KIOCL is considering building an iron ore pellet complex in Iran at a cost of about $59 million and is in talks to sell more than 2 million tonnes of the steelmaking raw material to the Gulf country now free from trade sanctions. Companies such as KIOCL and aluminium maker NALCO, which is considering setting up a $2...

  • International Paper beats 4Q profit forecasts Wednesday, 3 Feb 2016 | 7:31 AM ET

    MEMPHIS, Tenn. _ International Paper Co. on Wednesday reported fourth-quarter profit of $178 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. International Paper shares have dropped 10 percent since the beginning of the year, while the Standard& Poor's 500 index has fallen roughly 7...

  • LONDON, Feb 3- The crisis in the British steel industry risks becoming a "death spiral", according to Angela Eagle, business spokeswoman for the country's opposition Labour Party. Of the top 10 national producers only one, India, raised production last year, according to the World Steel Association. In Europe, debate is raging about whether to grant China market...

  • HONG KONG— ChemChina's offer to buy Swiss pesticide giant Syngenta is the latest in a string of deals that has turned the company into a Chinese chemical colossus with an increasingly international profile. Beijing- based ChemChina, also known as China National Chemical Corp., is one of the country's biggest industrial companies, with 140,000 employees in 150...

  • *China mortgage incentives to shore up commodities demand. MELBOURNE, Feb 3- London copper climbed on Wednesday, edging back towards a four-week high struck in the previous session, buoyed by positive news out of top metals user China and as traders continued to shut out short positions ahead of an upcoming holiday. "The relaxation on mortgage down payment for...

  • HONG KONG— A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for $43 billion in what would be the biggest-ever foreign acquisition by a Chinese company. Basel- based Syngenta said in a statement that ChemChina's cash offer is worth the equivalent of 480 francs a share, including a special 5 franc dividend for shareholders if...

  • HONG KONG— ChemChina offers to buy Swiss pesticide giant Syngenta in deal valued at more than $43 billion.

  • MELBOURNE, Feb 3- London copper eased on Wednesday from its highest in four weeks struck in the previous session, as a flurry of pre-holiday short covering flickered out. *Three-month copper on the London Metal Exchange had slipped 0.6 percent to $4,523 a tonne by 0120 GMT, having closed a tad softer the session before, when prices surged to $4,628 a tonne, the most...

  • LONDON, Feb 2- Copper hit a four-week high on Tuesday as bets on lower prices were reversed ahead of a Chinese holiday, but prices slipped later in the day as focus returned to oversupply and weak demand growth in top consumer China. Benchmark copper on the London Metal Exchange was down 0.7 percent to $4,529 a tonne at 1527 GMT. The metal used in power and...

  • U.S. zinc producer Horsehead files for bankruptcy Tuesday, 2 Feb 2016 | 10:37 AM ET

    WILMINGTON, Del., Feb 2- Horsehead Holding Corp, a large U.S. zinc producer, filed for Chapter 11 bankruptcy on Tuesday due to a slump in metals prices and a shortage of cash. The Pittsburgh- based company is the latest victim of a commodity price crash that has claimed scores of U.S. energy exploration companies, miners and metals producers. Commodity prices have...

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