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  • --Clyde Russell is a Reuters columnist. The scaling back of BHP's China steel forecast leaves Sam Walsh, the chief executive of rival Rio Tinto, as one of the last holdouts for a peak above 1 billion tonnes. Walsh is starting to cut a lonely figure when it comes to China's peak steel, with the market consensus increasingly swinging behind the view of the China Iron&...

  • MELBOURNE, Aug 25- BHP Billiton promised to keep its dividends even as it reported its worst underlying profit in a decade on Tuesday, hurt by plunging iron ore, copper, coal and oil prices. BHP and its peers have been hit after they hiked output of iron ore, copper and coal just as demand growth slowed in China, the top global metals consumer, and have been slashing costs...

  • Farm income seen falling 36% in 2015 Tuesday, 25 Aug 2015 | 5:18 PM ET
    Three farm tractors in a freshly cut cornfield near Visalia, California.

    According to USDA, net farm income is forecast to be $58.3 billion in 2015. That's far worse than the government's February outlook.

  • *European, U.S. stocks rally after China cuts rates. NEW YORK/ LONDON, Aug 25- Gold fell more than 1 percent on Tuesday after an interest rate cut from China helped global markets rebound from the previous day's rout, with stocks rallying and the dollar also gaining, while palladium sank more than 7 percent to a five-year low. Palladium saw the steepest losses by far in...

  • CFTC to meet with Alcoa on LME warehouse reform Tuesday, 25 Aug 2015 | 1:13 PM ET

    NEW YORK, Aug 25- The chairman of the U.S. commodities regulator and aluminum producer Alcoa Inc will meet this week to discuss metals warehousing reform, a spokesman for the agency said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and a representative from Alcoa will take place on Wednesday afternoon.

  • LONDON, Aug 25- Copper prices rose on Tuesday after China cut its benchmark interest rates, raising hopes the move will help bolster economic growth and increase demand in the world's largest consumer of industrial metals. China's central bank cut interest rates and bank reserve requirements to boost liquidity, saying the world's second-biggest economy...

  • HORSHOLM, Aug 25- Food ingredients business Chr. Hansen is branching out with products that could displace chemical pesticides, looking to tap expected rapid growth in biological plant protection, its chief executive told Reuters. From natural food colouring to probiotic bacteria, Chr. Hansen has fed increased demand for natural products and more western...

  • LONDON, Aug 25- Copper prices rose on Tuesday after China cut its benchmark interest rates, raising hopes the move will help bolster economic growth and increase demand in the world's largest consumer of industrial metals. China's central bank cut interest rates and banks' reserve requirements to boost liquidity and said the world's second-biggest economy...

  • Aug 25- Chilean copper miner Antofagasta Plc is targeting savings of about $160 million this year and said its capital spending will probably be below forecast, as sliding metal prices hit its first-half earnings. Like its peers, London- listed Antofagasta is battling a slide in commodity prices driven by slowing growth in China, the world's top consumer of...

  • *Palladium down more than 7 pct to lowest since 2010. LONDON, Aug 25- Gold fell on Tuesday as global markets found some respite after the previous day's rout, with European stocks rising more than 3 percent and the dollar rebounding from a seven-month low versus the euro and the yen. Gold had edged lower on Monday, with some traders citing liquidation to cover losses...

  • European shares climb back up after sharp sell-off Tuesday, 25 Aug 2015 | 3:54 AM ET

    *Syngenta surges on sign of better Monsanto offer. LONDON, Aug 25- European shares rose on Tuesday, recovering some poise after a sharp sell-off the previous day on concerns about China's economy that saw around 450 billion euros wiped off the value of leading stocks. Swiss agricultural chemicals maker Syngenta was the best-performing FTSEurofirst stock,...

  • MELBOURNE, Aug 25- BHP Billiton reported its worst underlying profit in a decade on Tuesday, gutted by plunging iron ore, copper, coal and oil prices, and said it would cut spending more deeply to shore up dividends. BHP and its peers have been hit after they hiked output of iron ore, copper and coal just as demand growth slowed in China, the top global metals consumer, and...

  • *Palladium tumbles over 7 pct to lowest since 2010. MANILA, Aug 25- Gold fell on Tuesday as Asian shares bounced off three-year lows and the U.S. dollar rebounded from a brutal selloff in the prior session that was fuelled by fears over the fate of the Chinese economy. Palladium was the worst hit among precious metals, slumping more than 7 percent at one stage to its...

  • The miner reiterated its pledge to never cut its dividend, and lowered its target for capital spending for the year to June 2016 to $8.5 billion from $9 billion previously to help meet the promise. BHP spun off the company South32 to shareholders in May with a string of unloved assets as it sought to simplify down to four main commodities- iron ore, copper, coal and...

  • Aug 25- Chilean copper mine Antofagasta said on Tuesday it was targeting savings of about $160 million this year as it posted a 49 percent decline in first-half core profit, hit by a steep fall in prices of the metal. "Throughout this period of lower copper prices Antofagasta has had a rigorous approach to cost control at our operations and we are on track to make...

  • Aug 25- Chilean copper mine Antofagasta said on Tuesday it was targeting savings of about $160 million this year as it posted a 49 percent fall in first-half core profit, hit by a steep fall in prices of the metal. The miner said first-half core profit, or earnings before interest, tax, depreciation and amortisation, was $562 million, down from $1.09 billion a year ago...

  • *Platinum down 4.5 pct, palladium at 3- year low. NEW YORK/ LONDON, Aug 24- Gold turned lower on Monday, as the dollar pared losses, and U.S. shares and other commodity markets staged a comeback while the white precious metals fell on concerns about the Chinese economy. Platinum dropped as much as 4.5 percent, palladium hit a three-year low at $563.72 an ounce and silver...

  • Aug 24- De Beers, the world's largest producer of rough diamonds by value, reduced prices for its diamonds by as much as 9 percent, Bloomberg reported, citing people familiar with the matter. De Beers, a unit of London- listed mining company Anglo American Plc, lowered prices after cuts to production failed to support demand, Bloomberg reported, citing three people...

  • ATHENS, Aug 24- Workers at a Canadian-run gold mine in northern Greece staged a counter-protest on Monday against its threatened closure, a day after scuffles broke out at a demonstration by activists opposed to the project. About 200 workers gathered at two sites in the scenic Halkidiki region, briefly blocking roads in protest at a government decision which...

  • LONDON, Aug 24- Gold edged higher on Monday to trade near a seven-week top as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a U.S. rate rise. Platinum dropped 3 percent and palladium hit its lowest in three years at $563.72 an ounce. "The weaker dollar and concerns about China's economy are the factors behind...

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