SINGAPORE, March 19- Copper and aluminum prices ticked up on Tuesday, supported by China's announcement to cut tax for manufacturers from next month to boost growth in the world's second-largest economy. "Sentiment was largely constructive as investors continued to view China's latest policy moves as positive for metals demand," ANZ said in a note.
*Ethiopia and France see similarities with Indonesia crash. Analysis of the cockpit recorder showed its "angle of attack" data was "very, very similar" to that of the Lion Air jet that went down off Jakarta in October, killing 189 people, a person familiar with the investigation said. "If that's the case, that does raise the possibility that there is a similar occurrence...
SINGAPORE, March 19- Copper and aluminium prices ticked up on Tuesday, supported by China's announcement to cut tax for manufacturers from next month to boost growth in the world's second-largest economy. *Three-month copper on the London Metal Exchange rose 0.3 percent to $6,440.5 a tonne by 0122 GMT, while the most-traded copper contract on the Shanghai...
SINGAPORE, March 19- Copper and aluminum prices ticked up on Tuesday, supported by China's announcement to cut tax for manufacturers from next month to boost growth in the world's second-largest economy. *Three-month copper on the London Metal Exchange rose 0.3 percent to $6,440.5 a tonne by 0122 GMT, while the most-traded copper contract on the Shanghai...
*Ethiopia and France see similarities with Indonesia crash. Analysis of the cockpit recorder showed its "angle of attack" data was "very, very similar" to that of the Lion Air jet that went down off Jakarta in October, killing 189 people, a person familiar with the investigation said. "If that's the case, that does raise the possibility that there is a similar occurrence...
LONDON- Bank of England's Member of the Financial Policy Committee, Richard Sharp, to deliver a speech at Cass Business School 1830 GMT. VERSAILLES, France- Participation by ECB's chief economist, Peter Praet, in a panel discussion on "Twenty Years of the Euro: Challenges and Opportunities Ahead" at the HSBC' AAA' conference in Versailles, France- 0935 GMT.
*Ethiopia and France see similarities with Indonesia crash. Analysis of the cockpit recorder showed its "angle of attack" data was "very, very similar" to that of the Lion Air jet that went down off Jakarta in October, killing 189 people, a person familiar with the investigation said. "If that's the case, that does raise the possibility that there is a similar occurrence...
*Pound falls as parliament bans another vote on same Brexit deal. NEW YORK, March 18- The U.S. dollar was little changed against a basket of currencies on Monday, sticking close to a two-week low, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback subdued. "The Fed will be the big news this week, and the market...
*Ethiopia and France see similarities with Indonesia crash. ADDIS ABABA/ PARIS, March 18- Investigators into the Boeing 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's biggest planemaker. Analysis of the cockpit recorder showed its...
CHICAGO, March 18- U.S. corn futures fell on Monday, halting a four-session rebound from contract lows set last week, as traders worried about export prospects for U.S. grains, analysts said. As of 1:13 p.m. CDT, Chicago Board of Trade May corn was down 2 cents at $3.71-1/ 4 per bushel. CBOT May soybeans were down 3-1/ 4 cents at $9.06 a bushel and May soft red winter wheat...
*Germany's Leoni slumps after scrapping 2019 profit target. Europe's banking sector rose more than 1 percent, with Italian lenders Banco BPM and UBI Banca gaining. Also caught in the merger wave was German insurer Allianz, which Bloomberg reported was exploring combining its asset management business with DWS, mostly owned by Deutsche Bank.
NEW YORK/ LONDON, March 18- Arabica coffee futures on ICE fell on Monday, approaching last week's 13- year low as the market struggled to absorb excess supplies, while raw sugar prices rose to their highest in more than two weeks. *May arabica coffee settled down 0.95 cent, or 1 percent, at 96.85 cents per lb, after trading in light volumes for the second consecutive...
LONDON, March 18- Sterling dropped below $1.32 on Monday after the speaker of Britain's parliament said Prime Minister Theresa May's Brexit deal could not be voted on again unless a different proposal was submitted. The move by parliamentary speaker, John Bercow, saw the pound shed half a percent with investors saying it had hurt May's chances of getting her EU...
*S&P upgrades Portugal by one notch, rally gathers momentum. Standard& Poor's upgraded Portugal to BBB, allowing Portugal's 10- year bond yield to drop to its lowest in at least 25 years. "Portugal was upgraded but even more important was that Moody's didn't do anything with Italy's rating, despite ongoing headlines," said Sebastian Fellechner, rates strategist at...
LONDON, March 18- British budget airline easyJet on Monday pulled out of talks over the future of Alitalia's operations, plunging the Italian carrier further into uncertainty two weeks ahead of a deadline to save it. EasyJet said it had decided to withdraw from the process after discussions with Italy's state-controlled railway Ferrovie dello Stato...
*FTSE 100 up 0.6 pct. *FTSE 250 down 0.4 pct. March 18- London's FTSE 100 extended its rally on Monday, led by miners including a jump in iron ore futures, while midcaps relinquished gains after a British lawmaker said "a lot of people" in parliament still opposed Theresa May's EU divorce deal.
LONDON, March 18- Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. The pan-European STOXX 600 index was up 0.1 percent by midday in London, also hitting a five-month high. Britain's FTSE 100 outperformed its European peers with a nearly 0.7 percent gain at the start of a week...
*S&P upgrades Portugal by one notch, rally gathers momentum. Standard& Poor's upgraded Portugal to BBB, and the Portuguese 10- year government bond yields fell to their lowest in at least 25 years. "Portugal was upgraded but even more important was that Moody's didn't do anything with Italy's rating, despite ongoing headlines," said Sebastian Fellechner, rates...
LONDON, March 18- The pound fell towards $1.32 on Monday as Prime Minister Theresa May tried to salvage her Brexit deal by winning over doubtful lawmakers with threats and promises to avoid any move to oust her. If it is approved, she will ask the European Union for a short extension to the March 29 exit date to get everything in place for Brexit.
*Germany's Leoni slumps after scrapping 2019 profit target. Shares in the two banks rose by more than 3 and 6 percent respectively, lifting Europe's banking sector by nearly 1 percent and pulling the pan-European STOXX 600 index higher. Also caught in the merger wave was German insurer Allianz, which Bloomberg reported was exploring combining its asset...
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