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Materials and Metals Containers and Packaging

  • BEIJING, Aug 9- China's top aluminum foil producers are preparing to launch a legal defense challenging a preliminary U.S. ruling on Wednesday to impose hefty penalties on imports from the world's top producers, two sources familiar with the matter said. Loften Aluminum, China's top foil exporter to the United States, is joining 11 other companies to fight the...

  • WASHINGTON, Aug 8- The U.S. Commerce Department said on Tuesday it made a preliminary finding that imports of aluminum foil from China are subsidized, and it imposed countervailing duties ranging from 16.56 percent to 80.97 percent. In 2016, imports of aluminum foil from China were valued at an estimated $389 million, Commerce Department figures show.

  • WASHINGTON, Aug 8- The U.S. Commerce Department said on Tuesday it made a preliminary finding that imports of aluminum foil from China are subsidized, and it imposed countervailing duties ranging from 16.56 percent to 80.97 percent. In 2016, imports of aluminum foil from China were valued at an estimated $389 million, Commerce Department figures show.

  • Aug 7- Pershing Square Capital Management LP proposed three nominees on Monday, including its Chief Executive Officer William Ackman, to serve on the board of Automatic Data Processing Inc, setting the stage for a proxy contest with the human resources outsourcing company. Pershing Square, which has accumulated an 8 percent stake in ADP, said it would put...

  • *But coal-reliant China raising aluminum output sharply. Operators of smelters powered by hydro-electricity in the likes of Norway, Russia and Canada are promoting their environmental credentials- and stealing a march on others that rely on coal or gas, notably in China and the Gulf. Nearly 200 countries have agreed to set targets for limiting CO2 emissions...

  • *But coal-reliant China raising aluminium output sharply. Operators of smelters powered by hydro-electricity in the likes of Norway, Russia and Canada are promoting their environmental credentials- and stealing a march on others that rely on coal or gas, notably in China and the Gulf. Nearly 200 countries have agreed to set targets for limiting CO2 emissions...

  • TORONTO, July 27- Canada's main stock index gained on Thursday as major gold miner Barrick Gold Corp and a string of other companies reported better-than-expected earnings and oil producer Cenovus Energy Inc turned a profit. Barrick, the world's largest gold miner by production, rose 4.5 percent to C $21.08, as investors cheered the news it had produced more...

  • Maple Leaf, one of Canada's biggest pork processors, is on the hunt for acquisitions in the United States, after years spent upgrading old factories and shedding business lines. In February, the company bought U.S.-based Lightlife Foods Inc, a manufacturer of plant-based protein foods, for $140 million, Maple Leaf's first deal since 2004..

  • WASHINGTON, July 20- President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials. At a White House event, Trump said the effort will create nearly 1,000 jobs at facilities in New York and New Jersey and at a...

  • TRUMP SAYS MERCK, PFIZER AND CORNING ANNOUNCE THAT GLASS PACKAGING WILL BE MADE IN AMERICA.

  • *FTSE 100 gains 0.6 pct. LONDON, July 19- British shares climbed on Wednesday, helped by a buoyant consumer goods sector after Reckitt Benckiser sold its food business, while housebuilders added to gains. The FTSE 100 gained 0.6 percent, with household goods boosting the index, while miners were a weak spot.

  • *FTSE 100 edges up 0.1 pct. LONDON, July 19- British shares edged up on Wednesday, helped by a buoyant consumer goods sector after Reckitt Benckiser sold its food business to a U.S. company, while disappointing earnings reports sent mid-caps lower. The FTSE 100 gained 0.1 percent, with household goods and food sectors boosting the index while miners weighed.

  • July 17- U.S.-based packaging group Multi-Color Corp said it would buy the labels unit of Constantia Flexibles GmbH for about $1.3 billion in cash and stock. Multi-Color said it would issue the stock at $75 per share. Mike Henry, head of the Germany based Constantia Labels, is expected to become CEO-elect of Multi-Color, the companies said.

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  • *FTSE 100 down 0.5 pct at close. LONDON, June 29- Robust bank and mining stocks helped Britain's FTSE 100 index outpace European peers on Thursday, caught up in a broad slide driven by concerns over central banks potentially tightening policy. Britain's main share index ended 0.5 percent lower, having spent much of the session in positive territory, while euro zone...

  • SYDNEY, June 29- BHP Billiton's Chairman Jac Nasser said on Thursday BHP's $20 billion investment in U.S. shale oil and gas six years ago was, in hindsight, a mistake. Activist shareholder and hedge fund Elliott Management, holding 4.1 percent of BHP's London- listed shares, has been trying to gain support from other shareholders to persuade BHP to sell the shale oil...

  • *FTSE 100 up 0.5 pct. LONDON, June 29- Robust banks and mining stocks fuelled the FTSE's rise on Thursday, running ahead of European peers with HSBC leading the pack after Morgan Stanley piled praise on a bank already benefiting from a strong upturn among financials globally. Britain's major share index was up 0.5 percent, comparing favourably with euro zone...

  • Investors welcome appointment of Ken MacKenzie. SYDNEY/ MELBOURNE, June 16- Mining giant BHP on Friday named successful packaging executive Ken MacKenzie as its next chairman, handing him the job of tackling calls to dump its oil business and overhaul the board. Sacha Sadan, director of corporate governance at Legal and General Investment Management- the fifth...

  • *Investors welcome appointment of Ken MacKenzie. SYDNEY/ MELBOURNE, June 16- Mining giant BHP on Friday named successful packaging executive Ken MacKenzie as its next chairman, handing him the job of tackling calls to dump its oil business and overhaul the board. MacKenzie, 53, succeeds Jac Nasser as of Sept. 1 at a time when the world's biggest miner is being...