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  • TOKYO, March 24- Japanese trading company Mitsubishi Corp will post its first ever annual loss for the year to March 31, it said on Thursday, hurt by huge writedowns from a slump in commodities. Along with its domestic rivals and major international oil and mining companies, Mitsubishi Corp has been caught off guard by steep falls in the prices of goods from oil to...

  • TOKYO, March 24- Japanese trading firm Mitsubishi Corp said on Thursday it would post its first ever annual loss in the year to March 31, totalling 150 billion yen, hurt by massive writedowns from a slump in commodities. Japanese trading firms, like major international oil and mining companies, have been caught off-guard by steep falls in the prices of goods from...

  • March 24- A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming Barrick misstated facts of its now halted Pascua-Lama gold-mine project on the border of Argentina and Chile. District Judge Shira Scheindlin in Manhattan said that shareholders who purchased Barrick shares from May...

  • iron ore prices

    Gaurav Sodhi from Intelligent Investor says iron ore prices will have to fall to $30-$40 levels and remain there before the market can rebalance.

  • HONG KONG, March 24- Bohai Steel Group's 2017 bonds held steady on Thursday, after bouncing from lows following reports the Chinese state-owned steelmaker was planning to restructure $29.61 billion in debt. China's steelmakers are in the eye of a storm as Beijing moves to slim down bloated industries, including steel and coal, to make the economy more efficient...

  • MELBOURNE, March 24- Spot gold steadied on Thursday but was still facing its biggest weekly loss since early November after slipping around 2 percent in the previous session as hawkish comments by Federal Reserve officials fed a dollar recovery. *Spot gold edged up by 0.2 percent to $1,222.56 an ounce by 2342 GMT. *Philadelphia Fed President Patrick Harker said...

  • TORONTO, March 23- Canada's main stock index fell on Wednesday to a one-week low as lower commodity prices pressured energy and mining stocks, while insider trading charges sank the shares of Amaya Inc.. First Quantum Minerals Ltd fell 16.3 percent to C $6.92 and Teck Resources Ltd dropped 13.4 percent to C $9.65, as copper and other metal prices moved lower.

  • SAO PAULO, March 23- Brazilian steelmaker CSN and the Brazil unit of ArcelorMittal are preparing to increase the price of flat steel in April, two distributors said on Wednesday, after rival Usiminas announced a 10 percent price rise.

  • Gold hits 4-week low

    CNBC's Melissa Lee and Dominic Chu look at the close in gold prices and the effect on mining stocks.

  • LONDON, March 23- London copper fell on Wednesday, pressured by a stronger dollar after hawkish comments from U.S. A stronger dollar following comments supporting more U.S. interest rate hikes from the heads of the Philadelphia and Chicago Federal Reserves, weighed on metals markets as it makes commodities priced in the currency more costly for buyers outside...

  • SINGAPORE, March 23- Anhui Conch, China's largest cement maker by market value, on Wednesday reported a 32 percent fall in 2015 net profit, missing estimates and marking its first profit fall in three years as a slowing economy hit construction. The cement maker, which has a market capitalisation of $13.1 billion, also warned that the cement industry's oversupply...

  • LONDON, March 23- New commodities trading company Javelin Global Commodities is aiming to ramp up its coal trading activities to grab market share vacated by retreating banks and utilities. Javelin hopes to boost its coal trading volumes to between seven and eight million tonnes in 2016, from the three million tonnes traded in the company's first six months...

  • *Sees 70 billion yen loss in financial year ending March 31. TOKYO, March 23- Japan's Mitsui& Co is set to post its first annual loss since being established in 1947 after a slide in energy and metal prices forced it book 260 billion yen in writedowns, it said on Wednesday. The Tokyo- based company said it expected a net loss of 70 billion yen for the financial year ending...

  • TOKYO, March 23- Japan's Mitsui& Co on Wednesday predicted its first loss for its financial year ending March 31, as slumping prices of metals and energy forced it to book a massive 260 billion yen in writedowns. The 260 billion yen in writedowns include a 115 billion yen impairment loss on its copper mines in Chile to reflect a revision to its long-term outlook for...

  • TOKYO, March 23- Japanese trading firm Mitsui& Co said on Wednesday it expected a net loss of 70 billion yen for the business year to March 31, against an earlier forecast for a profit of 190 billion yen, hit by hefty one-off losses in its copper and other resource assets. The company will book a total of 260 billion yen in one-off losses, including a 115 billion yen...

  • *China to cut capacity in coal, steel, nonferrous metals, cement. BEIJING, March 23- China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks. The debt figures, revealed in papers submitted to China's parliament this...

  • An Argor-Heraeus SA stamp sits on a two hundred and fifty gram gold bar in this arranged photograph at Solar Capital Gold Zrt. in Budapest, Hungary.

    Goldman Sachs has a price target of $1,000 on gold. But Michael Pento says that's not happening anytime soon. Here's why.

  • *FTSE 350 mining vs copper: http://reut.rs/1UCQIqe. LONDON, March 22- The doubling of Anglo American's share price since late January means the time could be ripe for a rights issue rather than an asset fire sale to boost its defences against tumbling commodity prices, fund managers say. The London- listed global miner has insisted it does not need to raise cash and...

  • LONDON, March 22- Gold rallied more than 1 percent on Tuesday as investors sought assets seen as a haven from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital. Spot gold rallied to a high of $1,259.60 an ounce in the wake of the attacks, and was 0.9 percent higher at $1,254.35 an ounce at 1246 GMT.

  • *At least 13 dead in blasts at Brussels airport, Metro. LONDON, March 22- Gold rallied more than 1 percent on Tuesday after two explosions at Brussels airport killed at least 13 people and a further blast hit the Belgian capital's Metro, with investors seeking assets seen as a haven from risk. Spot gold rallied to a high of $1,259.60 an ounce in the wake of the news, and...

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