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Business Materials and Metals

  • BEIJING, Oct 25- Chinese state-owned chemicals company ChemChina is ready to offer more concessions to win European Union anti-trust approval for its $43 billion bid for Swiss pesticide and seed group Syngenta AG, a source with direct knowledge of the process said. Shares in Syngenta dived more than 9 percent on Monday after a European Commission spokesman...

  • *Shanghai zinc, lead hit limit up. MELBOURNE, Oct 25- Shanghai zinc surged by its 5- percent upside limit on Tuesday to the highest since 2011, as a cut in capacity across China's steel and coal sectors buoyed prices of steelmaking ingredients. Tracking this, Shanghai zinc, used to galvanise steel, hit 19,045 yuan, the highest since September 2011 before ending up 4.8...

  • LONDON, Oct 25- European shares rose on Tuesday, as gains in Randstad, Orange and major mining companies lifted the region's stock markets. The pan-European STOXX 600 index was up by 0.2 percent, although the STOXX 600 remains down by around 6 percent since the start of 2016.. Randstad was among the best performers, climbing by 3.7 percent after the world's...

  • ZURICH, Oct 25- Syngenta, the world's largest pesticides maker, on Tuesday moved to reassure investors that the planned $43 billion takeover by ChemChina will go ahead even though it will miss the original forecast for the deal to close this year. "In a context of industry consolidation, regulators in the EU and elsewhere have recently requested a large amount of...

  • Europe is the slowest region at present: Covestro CEO

    Covestro AG CEO, Patrick Thomas talks about the headwinds facing the firm, while commenting on the different sectors the company service.

  • China driving our global growth: Covestro CEO

    Covestro AG CEO, Patrick Thomas explains why the material sciences firm is confident to raise its forecasts once again, while commenting on its China market.

  • SHANGHAI, Oct 25- China stocks were slightly weaker on Tuesday, but hovered around nine-month highs, as a correction in infrastructure and transportation shares offset gains in coal miners. China's blue-chip CSI300 index dipped 0.2 percent, to 3,361.77 points at the end of the morning session, while the Shanghai Composite Index edged down 0.1 percent, to...

  • MELBOURNE, Oct 25- Shanghai zinc jumped 4 pct to hit its highest since 2011 on Tuesday, fueled by surging prices for Chinese steel, which set off short covering, and fanned by increased risk appetite after a pick-up in manufacturing in Europe and the United States. *Shanghai zinc, used to galvanize steel, hit 18,920 yuan a tonne, the highest since Sept 2011, and was...

  • Lithium project still on track: Pilbara

    Ken Brinsden, MD & CEO at Pilbara Minerals talks about the Australian miner's Pilgangoora lithium project and the future of the lithium ion battery.

  • LIMA, Oct 24- Peru is scrutinizing paid security services that federal police provide to mining companies following a deadly protest by local residents that suspended exports from one of the world's biggest copper mines, the government told Reuters on Monday. The three-month-old centrist government of President Pedro Pablo Kuczynski is also talking with...

  • TORONTO, Oct 24- Canada's main stock index fell on Monday as lower oil and gold prices weighed on energy and mining shares and as Restaurant Brands International Inc declined after reporting quarterly earnings. Thanksgiving holiday and Federal Reserve interest rate decisions, said Paul Hand, managing director at RBC Capital Markets. The owner of Burger King...

  • LONDON, Oct 24- Britain's top share index closed lower on Monday after energy stocks came under pressure following a drop in crude oil prices and gold miners tracked weaker precious metals. The FTSE 250 mid-cap index fell 0.4 percent. "It's becoming increasingly clear that Saudi Arabia, along with the UAE and Kuwait will have to shoulder most of the output cut for...

  • LONDON, Oct 24- Zinc led base metals higher on Monday, fueled by a rise in investors' risk appetite and stronger physical demand in top consumer China. Benchmark zinc on the London Metal Exchange climbed 2.3 percent to $2,312.50 a tonne by 1427 GMT, bouncing back from a 1.2 percent loss on Friday. "Metals are well supported by better sentiment after the... return of risk...

  • LONDON, Oct 24- Zinc led base metals higher on Monday, fuelled by a rise in risk appetite by investors, a retreat in the dollar from nine-month highs and stronger physical demand in top consumer China. Benchmark zinc on the London Metal Exchange climbed 1.7 percent to $2,297.50 a tonne by 1019 GMT, bouncing back from a 1.2 percent loss on Friday.

  • *Codelco offers $70 term copper premiums to China- sources. MELBOURNE, Oct 24- London copper edged higher on Monday, rising on tight supply in China's domestic market despite a stronger dollar and expectations of plentiful supply next year. *San Francisco Federal Reserve Bank President John Williams on Friday redoubled his call for raising rates soon, telling...

  • SINGAPORE, Oct 24- During Singapore's full moon festival last month, employer John Kong was focused more on cost-cutting than celebrating. Not sending his clients traditional mooncake gift packages saved him S $14,000, and his 60 workers at building materials supplier M Metal Pte Ltd didn't get a pay rise either. Having grown at a break-neck pace that...

  • SINGAPORE, Oct 24- During Singapore's full moon festival last month, employer John Kong was focused more on cost-cutting than celebrating. Not sending his clients traditional mooncake gift packages saved him S $14,000, and his 60 workers at building materials supplier M Metal Pte Ltd didn't get a pay rise either. Having grown at a break-neck pace that...

  • SINGAPORE, Oct 24- During Singapore's full moon festival last month, employer John Kong was focused more on cost-cutting than celebrating. Not sending his clients traditional mooncake gift packages saved him S $14,000, and his 60 workers at building materials supplier M Metal Pte Ltd didn't get a pay rise either. Having grown at a break-neck pace that...

  • SINGAPORE, Oct 24- During Singapore's full moon festival last month, employer John Kong was focused more on cost-cutting than celebrating. Not sending his clients traditional mooncake gift packages saved him S $14,000, and his 60 workers at building materials supplier M Metal Pte Ltd didn't get a pay rise either. Having grown at a break-neck pace that...

  • LONDON, Oct 21- While no steel maker will be happy with the explosion in coking coal prices, Chinese mills are the best placed to deal with the impact, given they are nowhere near as exposed to spot prices as competitors in the rest of Asia and Europe. The spot price of premium hard coking coal in Australia, which dominates global exports, surged to $242.90 a tonne on Oct....

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