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  • May 4- The wildfire that raged unchecked on Wednesday in the city of Fort McMurray in the heart of the Canadian oil sands region has disrupted oil company operations nearby. While oil sands facilities are not in the fire's path, a number of companies have curbed activities to allow workers and others to get to safety. -Royal Dutch Shell PLC Chief Financial Officer...

  • WASHINGTON, May 4- The U.S. Commerce Department on Wednesday said it would slap preliminary duties on imports of welded stainless pressure pipe from India after finding the goods were being dumped in the U.S. market at below market prices. The preliminary decision came in response to a complaint brought last year by Bristol Metals, a subsidiary of U.S. steel...

  • WASHINGTON, May 4- The U.S. Commerce Department on Wednesday said it would slap preliminary duties on imports of welded stainless pressure pipe from India after finding the goods were being dumped in the U.S. market at below market prices.

  • *Europe stocks led lower by miners, Asia closes lower. NEW YORK, May 4- Global equity markets fell for a second straight day on Wednesday on mostly weak economic data while metals prices slipped on renewed concerns of a downturn in global growth. In Europe, surveys indicated that growth in the euro zone will be slow but steady, underscoring concerns about the...

  • *Europe stocks led lower by miners, Asia closes lower. NEW YORK, May 4- Global equity markets fell for a second straight day on Wednesday on mostly weak economic data and metals prices slipped on renewed signs of a downturn in global growth. Benchmark copper on the London Metal Exchange was last bid down 1.0 percent at $4,869.00 a tonne.

  • *Brent off 2016 high on OPEC output rise, demand concerns. NEW YORK, May 4- A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets down after an early rally on Wednesday over concerns about production cuts in Canada's oil sands region due to a wildfire. "It's hard to see how it wouldn't have a broader impact temporarily on...

  • LONDON, May 4- Britain's steel industry would face severe challenges if the country was not a member of the European Union, Prime Minister David Cameron said on Wednesday ahead of a June 23 referendum on whether to stay in the bloc. "I don't think it would be a good future for steel," Cameron told lawmakers when asked whether EU membership had prevented Britain from...

  • May 4- The wildfire that raged unchecked on Wednesday in the city of Fort McMurray in the heart of the Canadian oil sands region has threatened oil company operations nearby. While oil sands facilities are not in the fire's path, at least two companies have curbed activities to allow workers and others to get to safety. -Royal Dutch Shell PLC Chief Financial...

  • *Brent off 2016 high on OPEC output rise, demand concerns. LONDON, May 4- Oil prices pared gains on Wednesday as a bigger than expected gain in U.S. crude stocks tempered concerns about reduced production in Canada's oil sands region due to a wildfire. "The crude build was obviously bigger than expectations," said John Kilduff, partner at Again Capital Management in...

  • *Brent off 2016 high on OPEC output rise, demand concerns. LONDON, May 4- Oil rose towards $46 a barrel on Wednesday as reduced production in Canada's oil sands region due to a wildfire pushed aside concerns about excess global supplies and expectations of rising U.S. crude inventories. The Canadian province of Alberta was evacuating the entire population of Fort...

  • *Brent off 2016 high on OPEC output rise, demand concerns. LONDON, May 4- Oil rose above $45 a barrel on Wednesday as reduced production in Canada's oil sands region due to a wildfire pushed aside concern about excess global supplies and expectations of rising U.S. crude inventories. The Canadian province of Alberta was evacuating the entire population of Fort...

  • *Prosecutors seek $2.16 bln payment upfront. RIO DE JANEIRO, May 4- Mining companies Vale SA and BHP Billiton were hit with a 155 billion-real civil lawsuit for the collapse of a dam at a mine last year that killed 19 people and caused damage that prosecutors said was comparable to BP's oil spill in the Gulf of Mexico. The total damages, prosecutors said, were...

  • *Brent off 2016 high on OPEC output rise, demand concerns. LONDON, May 4- Oil steadied just below $45 a barrel on Wednesday pressured by expectations U.S. crude inventories will rise further from a record high, although reduced production in Canada's oil sands region lent support. Brent crude has fallen more than 7 percent from a 2016 high hit on Friday in response to...

  • LONDON— Shares in miner BHP Billiton tumbled after Brazil's federal prosecutor launched a $43 billion civil suit for a dam break that killed 19 people and caused the worst environmental disaster in the country's history. The suit seeks social, environmental and economic compensation over the failure of the dam at an iron ore operation owned by Samarco, a joint...

  • SINGAPORE, May 4- Oil prices edged up on Wednesday as an uncontrolled wildfire near Canada's oil sands region reduced production there, but overall markets were weighed down by slowing economic growth in Asia and the United States. Wednesday's higher prices followed two trading sesssions that added up to a nearly 7 percent fall for Brent and a 5 percent drop for...

  • *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...

  • Two dams of an iron mine belonging to Samarco (a Vale joint venture) broke in the city of Mariana on nov 5th, in the brazilian state of Minas Gerais, spreading tons of extraction waste through kilometers, and leaving a track of destruction in the subdistrict of Bento Rodrigues and an area of around 70 km Mariana, Brazil, on 10th November 2015.

    Vale and BHP Billiton are facing one of Brazil's largest civil lawsuits after prosecutors demanded $44 billion in damage, the Financial Times reports.

  • Here's where sovereign wealth funds are moving their money to

    China property prices may be on a tear, but it's time to cut exposure to developers' stocks amid a stockpile of unsold supply, Goldman Sachs said.

  • 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...