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Business Materials and Metals

  • SYDNEY, Nov 7- London copper eased in early trading on Monday on a stronger U.S. dollar and a shift into U.S. equities, but the Shanghai futures contract started firmer. *The most-traded copper contract on the Shanghai Futures Exchange rose 0.48 percent to 39,380 yuan a tonne. *Japan's Mitsubishi Corp raised its full-year net profit forecast by 32 percent as it...

  • WUPPERTAL, Germany, Nov 6- For more than 130 years, Knipex, a family-owned company in western Germany, has made pliers for craftsmen around the world. It shows how companies in Europe's biggest economy are increasing their efforts to adapt to a long-heralded shortage of people of working age now that an economic upturn has driven employment and vacancies to...

  • U.S. shale oil companies, which pump sand into oil wells to make them more efficient, were ravaged by a 2014 global crude glut that hammered prices from more than $100 a barrel to near $26 in February 2016. Silica Holdings Inc of Frederick, Maryland; Southlake, Texas- based Emerge Energy Services LP; and Hi Crush Partners LP in Houston all saw increased business in the...

  • WINNIPEG, Manitoba, Nov 4- Moody's Investor Service on Friday downgraded the credit rating of Potash Corp of Saskatchewan, citing concerns of a longer-than-expected fertilizer slump, ahead of the company's planned merger with rival Agrium Inc.. "Although management has taken significant steps to retain the A3 rating, market conditions will make it extremely...

  • BRASILIA, Nov 4- Brazil is looking to revive investor interest in its mining industry by simplifying the system for acquiring areas for exploration and improving access to geological information, the new head of the mineral geological survey said in an interview on Friday. "It's a movement to break the ice that has frozen the mining sector in Brazil since 2012....

  • BRASILIA, Nov 4- Brazil is looking to revive investor interest in its mining industry by simplifying the system for acquiring areas for exploration and improving access to geological information, the new head of the mineral geological survey said in an interview on Friday. "It's a movement to break the ice that has frozen the mining sector in Brazil since 2012....

  • LONDON, Nov 4- Zinc slipped on Friday from a five-year high as funds reversed bets on higher prices after U.S. data reinforced expectations interest rates will rise in December, but large deficits this year and next are expected to reinforce upward pressure. Benchmark zinc closed down 1.6 percent at $2,447 a tonne, down from an earlier high of $2,491.50.

  • BUDAPEST, Nov 4- Hungarian oil group MOL will invest in new chemical plants to cut its dependence on producing fuel for cars, while also buying more upstream assets and selling goods and services in its petrol stations, its head Zsolt Hernadi said. Central Eastern Europe's leading fuel retailer, with around 2,000 such stations and four refineries, aims to invest...

  • SANTIAGO, Nov 4- Chilean business executives do not foresee a marked improvement in the performance of their companies or the overall economy until at least the end of 2017, a central bank survey showed on Friday. The economy in Chile, the world No. 1 copper producer, has struggled in recent years as global metals prices declined sharply. President Michelle...

  • LONDON, Nov 4- Zinc slipped on Friday from a five-year high as funds reversed bets on higher prices after U.S. data reinforced expectations interest rates will rise in December, but large deficits this year and next are expected to reinforce upward pressure. Benchmark zinc was down 1.2 percent at $2,459 a tonne at 1347 GMT from an earlier high of $2,491.50.

  • *Ineos, Access Industries among nylon unit suitors-sources. FRANKFURT, Nov 4- Solvay has attracted buyout groups Blackstone and Platinum Equity as suitors for its Acetow unit and is also short-listing bidders for its nylon business, people familiar with the matter told Reuters, as the Belgian chemicals group shifts its focus to high-tech materials.

  • ZURICH, Nov 4- LafargeHolcim is upbeat about the prospects for the U.S. construction market as cost savings and price increases let the world's largest cement maker cushion the impact of weaker sales volumes during its third quarter, it said on Friday. Despite a 5 percent decline in cement volumes in the United States, the Swiss construction materials giant said...

  • LONDON, Nov 4- Zinc slipped on Friday from five year highs as funds reversed bets on higher prices ahead of a key report on the health of the U.S. economy, but large deficits this year and next are expected to reinforce upward pressure. Benchmark zinc was down one percent at $2,461 a tonne at 1027 GMT from an earlier high at $2,491.50. The metal used to galvanize steel...

  • WASHINGTON, Nov 4- Republican presidential nominee Donald Trump has won over the U.S. coal industry by promising to revive the downtrodden sector and scrap regulations if elected. But the industry has a Plan B if the New York businessman loses to his more green-minded Democratic rival Hillary Clinton on Tuesday: carbon capture and storage, a technology that...

  • SINGAPORE, Nov 4- Taiwan's Formosa Petrochemical Corp has planned maintenance at its 540,000 barrels-per-day Mailiao refinery next March, September and November, a company spokesman said on Friday. Formosa is one of the largest oil products exporters in Asia, so any major supply cuts from the refiner would likely support margins. The refiner is planning to...

  • LAUNCESTON, Australia, Nov 4- Rio Tinto's decision to quit the world's largest undeveloped iron ore deposit in Guinea is essentially a bet on how quickly and cheaply the new Chinese owners can develop the mine. Investors have generally welcomed the sale of the Simandou project by Rio to Chinese metals producer Chinalco for between $1.1 billion and $1.3 billion,...

  • MELBOURNE, Nov 4- London zinc hovered near its highest in more than five years on Friday, while LME copper steadied just below a three-month top, supported by a softer dollar and stronger than expected China demand. *A flurry of data from China in the coming weeks is expected to reinforce views that the world's second-largest economy is stabilizing, despite...

  • CALGARY, Alberta/ WINNIPEG, Manitoba, Nov 3- S hareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday, shifting the focus to U.S. and Canadian regulators. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the...

  • CALGARY, Alberta/ WINNIPEG, Manitoba, Nov 3- S hareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday, moving the focus to U.S. and Canadian regulators. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the companies...

  • CALGARY, Alberta/ WINNIPEG, Manitoba, Nov 3- S hareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the companies said at separate meetings in Saskatoon,...

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