Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
(Recasts, updates prices, adds ShFE stocks data) BEIJING, June 21 (Reuters) - London copper prices pared early gains to trade lower on Friday as the base metals complex declined amid concerns over rising political tensions between the United States and Iran. U.S. President Donald Trump approved military strikes against Iran on Friday in retaliation for the downing of a U.S. surveillance drone, but called off the attacks at the last minute, the New York Times reported. Copper is still on course for a 2.4% gain in London this week, in what would be its best week since the week ended March 29, buoyed by the impending restart of trade talks between the United States and China and signs the Federal Reserve may cut interest rates as early as next month. "Copper has also found support from strike action at the Chuquicamata copper mine in Chile," ANZ wrote in a note. Unions at Chuquicamata have called on members to reject a sweetened contract offer from Codelco, the world's largest copper producer, amid a nearly week-long strike that has halved output from the mine.
* COPPER: Three-month copper on the London Metal Exchange rose as much as 0.5%, crossing the $6,000 a tonne mark, but was trading down 0.2% at $5,964 as of 0720 GMT. The metal had hit a near one-month high of $6,027 in London on Thursday. The most-traded August copper contract on the Shanghai Futures Exchange ended flat on 46,850 yuan ($6,821.89) a tonne.
* STOCKS: Copper inventories in warehouses monitored by the ShFE fell 3.4% from a week earlier to 134,747 tonnes, the exchange said on Friday.
* ZAMBIA: Vedanta Resources said it would take urgent steps to protect its Zambian copper assets and pursue international arbitration if necessary after a Lusaka court rejected its request to be included in liquidation proceedings.
* LYNAS: Australia's Lynas Corp on Friday said it was stockpiling production of a major rare earth element as prices have jumped in recent weeks on rising supply concerns amid trade tensions.
* OTHER METALS: London nickel retreated sharply from a three-week top struck on Thursday, slipping 1.2% to $12,150 a tonne, while zinc was down 1.3%. In Shanghai, zinc ended down 1.4% and nickel lost 1.5%.
* NICKEL: The global nickel market deficit narrowed to 9,400 tonnes in April from a revised shortfall of 14,200 tonnes in the previous month, the International Nickel Study Group (INSG) said on Thursday.
* For the top stories in metals and other news, click or
* Asian stocks slipped, as U.S.-Iran tensions and anxieties over Sino-U.S. trade talks left markets in the region struggling to match the euphoria on Wall Street over a possible U.S. interest rate cut next month.
BASE METALS PRICES 0726 GMTThree month LME copper 5960Most active ShFE copper 46840Three month LME aluminum 1772Most active ShFE aluminum 13765Three month LME zinc 2436Most active ShFE zinc 19450Three month LME lead 1899.5Most active ShFE lead 16000Three month LME nickel 12150Most active ShFE nickel 98300Three month LME tin 19020Most active ShFE tin 144230
BASE METALS ARBITRAGE
LME/SHFE COPPER LMESHFCUc3 581.2LME/SHFE ALUMINIUM LMESHFALc3 -92.3LME/SHFE ZINC LMESHFZNc3 167.08LME/SHFE LEAD LMESHFPBc3 763.52LME/SHFE NICKEL LMESHFNIc3 1712.99
($1 = 6.8676 Chinese yuan)
(Reporting by Tom Daly; editing by Subhranshu Sahu & Uttaresh. V)