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  • TORONTO, Feb 11- Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy. Telus Corp declined 3.4 percent to C $38.49 after the telecom company reported a fall in quarterly profit, hurt by increased competition and weaker...

  • The Plymouth, Minnesota- based company also reported fourth-quarter profit that fell less than expected, and announced a $75 million share repurchase program. Its shares jumped nearly 5 percent in early trading on the New York Stock Exchange. Falling currency values against the U.S. dollar have lowered production costs 17 percent in Canada, where Mosaic's...

  • *China holiday subdues volumes, creates volatility. LONDON, Feb 11- Copper rose on Thursday as the dollar slipped, but fears for global growth sparked by worries about a potential financial crisis and uncertainty about demand in China were expected to curb gains. "But there are a lot of uncertainties, from what's happening in China to the fact that everybody thinks...

  • *China holiday subdues volumes, creates volatility. LONDON, Feb 11- Copper rose on Thursday as the dollar slipped, but fears for global growth sparked by worries about a potential financial crisis and uncertainty about demand in China were expected to curb gains. "But there are a lot of uncertainties, from what's happening in China to the fact that everybody thinks...

  • *Agrees $500 mln Antapaccay mine deal with Franco-Nevada. LONDON, Feb 11- Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output, and deepened oil production cuts after prices fell further. The Swiss-based mining and trading company said overnight it had agreed to sell future precious metals production from...

  • SYDNEY— Mining company Rio Tinto said Thursday it suffered a loss of $866 million in 2015 as deteriorating economic conditions around the world pressured prices of commodities such as iron ore and coal. The Australian mining giant on Thursday reported that 2015 revenue slumped to $34.8 billion from $47.6 billion the year before. Rio said it will reduce...

  • LONDON, Feb 11- Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output and reported a drop in production of its most lucrative product, copper. The Swiss-based mining and trading company said overnight that it had agreed to sell future precious metals production from its Antapaccay mine in southern Peru to...

  • Rio Tinto slides to loss, abandons dividend pledge Thursday, 11 Feb 2016 | 2:12 AM ET

    Miners are under pressure to curb spending to help them weather the worst market conditions in nearly two decades.

  • MELBOURNE, Feb 11- Rio Tinto slumped to a loss for 2015 as prices for iron ore and copper plummeted and scrapped its promise to maintain or lift its dividend annually for this year onward due to a tough outlook. Rio reported a net loss of $866 million, hammered by $1.8 billion in writedowns, relating mainly to its Simandou iron ore project in Guinea.

  • Rio Tinto slides to annual loss, abandons payout policy Thursday, 11 Feb 2016 | 1:18 AM ET

    MELBOURNE, Feb 11- Global miner Rio Tinto slumped to a net loss for 2015, hit by a rout in commodities, and scrapped its promise to pay a steady or higher dividend annually due to the tough outlook. Rio reported a net loss of $866 million, hammered by $1.8 billion in writedowns. Underlying earnings slumped 51 percent to $4.54 billion in 2015 from $9.31 billion a year...

  • LONDON, Feb 11- Buying by central banks as well as Chinese investors seeking protection from a weakening currency helped lift demand for gold in the final quarter of last year and the trend looks set to continue, the World Gold Council said on Thursday. China remained the world's biggest consumer of gold last year, ahead of India, with economic headwinds...

  • 'Rio Tinto in pretty good financial shape' Wednesday, 10 Feb 2016 | 11:06 PM ET
    Hold rating on Rio Tinto

    Rio Tinto is financially more stable than its rivals and has the capacity to increase dividends, says Gaurav Sodhi from Intelligent Investor.

  • *Three-month copper on the London Metal Exchange rose by 0.6 percent to $4,470.50 a tonne by 0111 GMT, following 1.4 percent losses in the previous session when prices plumbed the weakest since Jan. 26 at $4,430 a tonne. *The Shanghai Futures Exchange was closed for a fourth session due to its Lunar New Year holidays. *China will do more to ease yuan convertibility in...

  • Kinross Gold reports 4Q loss Wednesday, 10 Feb 2016 | 7:11 PM ET

    TORONTO _ Kinross Gold Corp. on Wednesday reported a loss of $841.9 million in its fourth quarter. The Toronto- based company said it had a loss of 73 cents per share. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

  • The challengers say the EPA has no authority under the 1970 Clean Air Act to expand its regulation of power plants outside the facilities themselves. Jeff Holmstead, a lawyer representing the coal industry in the legal challenge, said that the provision of the Clean Air Act the EPA is focusing on has only been used previously to set air pollution standards for...

  • TORONTO, Feb 10- Kinross Gold Corp reported a bigger quarterly loss on Wednesday, as lower production and an ongoing slump in prices for the precious metal hurt the world's fifth-biggest producer by output. The Toronto- based miner said its fourth-quarter loss was an adjusted $68.8 million, or 6 cents a share, compared with an adjusted loss of $6 million, or 1 cent a...

  • Wyoming, Arch Coal reach bankruptcy bonding deal Wednesday, 10 Feb 2016 | 4:49 PM ET

    CHEYENNE, Wyo.— Wyoming regulators have reached a deal with Arch Coal to accept up to $75 million in place of the company's $486 million in bonding obligations in the state while the company goes through Chapter 11 bankruptcy. Among Arch's two active mines in Wyoming is Black Thunder, one of the world's largest coal complexes. For years, an ongoing agreement...

  • *China markets closed for Lunar New Year, to reopen Monday. LONDON, Feb 10- Copper slid to a two-week low on Wednesday, pressured by a stronger dollar as Federal Reserve Chair Janet Yellen pointed to the prospect for further gradual adjustments to monetary policy. She cited global risks such as falling stock prices and uncertainty over China, but said there was good...

  • NEW YORK, Feb 10- The U.S. Supreme Court's decision to block federal regulations to curb carbon dioxide emissions failed to give a sustained boost to shares of the long-battered coal sector on Wednesday. After initially trading higher, Consol Energy Inc stock slipped 2.3 percent, and Peabody Energy Corp fell 0.9 percent. The states, led by coal producer West...

  • TORONTO, Feb 10- Canada's main stock index rose on Wednesday as financial stocks clawed back some losses from the start of the week, offsetting energy and mining stocks that slid as crude oil prices fell. Federal Reserve Chair Janet Yellen said conditions in the United States would allow the U.S. central bank to pursue "gradual" adjustments to monetary policy.