Business Materials and Metals

  • IRLBACH, Germany, May 4- Global pesticides, seeds and fertiliser companies may be forced to re-engineer their business models as farmers adopt specialist technology that helps maximise harvests while reducing the use of crop chemicals. "If our only goal is to sell as much inputs as possible by the litres of chemicals, I think we would have a real problem going...

  • May 4- Global pesticides, seeds and fertilizer companies may be forced to re-engineer their business models as farmers adopt specialist technology that helps maximize harvests while reducing the use of crop chemicals. The following are ways in which new technology could boost productivity in agriculture:. -FARMERS' NEW EYES AND EARS: Drones, satellites and...

  • *Nickel may be next target for China regulators- broker. "Speculative funds have exited the market at the moment and I think it's time to take a break," said a researcher at a Shanghai- based fund, who declined to be named because he is not allowed to speak to media. Prices retreated after commodity exchanges in Dalian, Shanghai and Zhengzhou increased transaction...

  • SINGAPORE, May 4- Gold nursed losses on Wednesday, holding below a 15- month high as the dollar firmed after two Federal Reserve officials talked up U.S. interest rate hikes this year. *Spot gold was little changed at $1,285.19 an ounce by 0033 GMT, after dropping 0.4 percent in the previous session. *The United States could see two further interest rate rises this...

  • RIO DE JANEIRO, May 3- Federal prosecutors in Brazil filed a 155 billion-real civil lawsuit on Tuesday against iron miner Samarco, and its owners, Vale SA and BHP Billiton, for a collapsed tailings dam in November that killed 19 people and polluted a major river. The total damages, prosecutors said, were calculated based upon the cost of the Deepwater Horizon oil...

  • RIO DE JANEIRO, May 3- Federal prosecutors in Brazil said on Tuesday they filed a 155 billion-real civil lawsuit against iron miner Samarco, and its owners Vale SA and BHP Billiton, for a collapsed tailings dam in November that killed 19 people and polluted a major river. The total damages, they said, were calculated based upon the cost of the Deepwater Horizon oil...

  • LONDON, May 3- Mining company Glencore is considering selling its Vasilkovskoye gold mine in Kazakhstan, sources close to the deal said on Tuesday, confirming an earlier report in the Financial Times. Two other sources said the assets were on offer and all three sources said Glencore had appointed Deutsche Bank and BMO Capital Markets as advisers.

  • The ETF Trade: Material ETFs

    Worries about global deflation are moving the markets in Tuesday's trading session, and ETFs.

  • LONDON, May 3- Business Secretary Sajid Javid has postponed a major trade visit to Iran to focus on the future of Britain's steel industry, a spokesman from the business department said on Tuesday, as the government tries to save thousands of steelworkers' jobs. He had planned to travel to Tehran this month on what would have been the biggest British trade...

  • *FTSE 100 some 13 pct below April 2015 record high. Concerns about a slowdown in China, the world's second-largest economy and a leading consumer of commodities, have also hit world stock markets, and the prices of oil and metals. Further evidence of weakness in China emerged on Tuesday, with a survey showing that activity at China's factories shrank for the 14th...

  • LONDON, May 3- European shares fell on Tuesday, with Commerzbank leading the market lower after a profit slump, while mining stocks weakened as they tracked a decline in metals prices. However, HSBC rose 2.9 percent after Europe's biggest bank reported a smaller than expected fall in its first-quarter profit. However, Britain's FTSE was flat after a public...

  • A total of 83.19 million tonnes of the steel-making ingredient was discharged at Chinese ports during April, according to ship-tracking data compiled by Thomson Reuters Commodity Research and Forecasts. The ship-tracking data showed that Australia once again snared the lion's share of China's imports, with 54.89 million tonnes being discharged in April.

  • The 86- page report, seen by Reuters and published on Friday on the regulations.gov website that the EPA manages, was from the EPA's cancer assessment review committee. The EPA took down the report and other documents on Monday afternoon, saying it did so "because our assessment is not final," in an emailed statement to Reuters. The EPA declined to comment on whether...

  • NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...

  • KITAKYUSHU, Japan, May 2- Countries that plan to build coal-fired power plants need to reassess their energy strategy because such facilities may not be a viable investment, the head of the International Renewable Energy Agency said on Monday. Many industry analysts see natural gas and renewables as the biggest growth sectors in energy, yet most Asian...

  • NEW DELHI/ MUMBAI, May 2- The upper house of India's parliament on Monday approved an amendment to the mining law, allowing the transfer of mines from sellers to buyers in a victory for the State Bank of India that had lobbied for the change. It could also facilitate a merger of the Indian assets of France's Lafarge and Switzerland's Holcim after a global merger...

  • NEW DELHI, May 2- India will monitor thousands of mines with the help of satellites starting this year, a government official said, after a three-month pilot project found rampant illegal extraction of limestone in a big state. Mines Secretary Balvinder Kumar declined to name the state ahead of the completion of surveillance in some other regions, but said the...

  • TORONTO, April 29- Canada's main stock index rose to a six-month high on Friday as mining stocks surged on higher gold and base metal prices, while shares of its largest airline jumped after quarterly results were reported. Improving prices in commodities have helped drive the index higher both year-to-date and on Friday, said Noman Ali, a portfolio manager at...

  • FRANKFURT, April 29- Thyssenkrupp's powerful labour chief warned its leaders not to go ahead with steel merger talks without consulting its works council first, saying steelworkers were ready to fight for their future. Segerath said he did not believe concrete talks were happening yet, and demanded that Chief Executive Heinrich Hiesinger explain to the...

  • TORONTO, April 29- Canada's main stock index rose on Friday as mining and energy stocks firmed on higher commodity prices, while shares of its largest airline jumped after quarterly results were reported. The most influential movers on the index included Barrick Gold Inc, which rose 5.1 percent to C $23.15, and First Quantum Minerals Ltd, which advanced 13.5...

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