(Bloomberg) -- UBS AG, the second-biggest foreign- exchange trader, is eroding the lead of Deutsche Bank AG in the $1.9 trillion-a-day currency market by boosting electronic trading, according to a survey by Euromoney magazine.
Frankfurt-based Deutsche Bank, Europe's biggest securities firm, had a 19.3 percent share of currency dealings between banks and customers, little changed from a year ago, the survey showed. UBS raised its share to 14.9 percent, from 11.9 percent.
Read more at Bloomberg Currencies News
Friday, May 4, 2007
CORRECTED - CORRECTED-Bay City Capital stake in Poniard falls to 15.5 pct
(Reuters) - However, Bay City's ownership in Poniard actually increased, as the fund and its affiliate purchased 900,000 more common shares in a public offering on April 30.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Gauge of U.S. economy rises to 3-month high-ECRI
(Reuters) - The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index increased to 142.4 in the week ended April 27 from a revised 141.1 in the prior week.
Its annualized growth rate rose to 4.4 percent, a three-month high, from a revised 3.6 percent the prior week.
Read more at Reuters.com Economic News
Its annualized growth rate rose to 4.4 percent, a three-month high, from a revised 3.6 percent the prior week.
Read more at Reuters.com Economic News
TREASURIES-Bonds climb on weaker-than-expected jobs data
(Reuters) - NEW YORK, May 4 - U.S. Treasury debt prices rose on Friday after weaker-than-expected data on non-farm payrolls potentially set the stage for the Federal Reserve to cut benchmark interest rates before the end of the year.
A total of 88,000 jobs were added to the U.S. economy in April, the slimmest increase in more than two years. Economists had forecast 100,000 new jobs for last month. For details see [ID:nN04315765].
Read more at Reuters.com Bonds News
A total of 88,000 jobs were added to the U.S. economy in April, the slimmest increase in more than two years. Economists had forecast 100,000 new jobs for last month. For details see [ID:nN04315765].
Read more at Reuters.com Bonds News
ISDA publishes 1st property derivative definitions
(Reuters) - Property derivatives allow investors to take a view on the residential or commercial real estate markets without owning the underlying assets. Investors buy or sell swaps on property price indexes and get paid if the indexes exceed or fail to reach a specified level.
Correlation between real estate and other assets is low, making it a good diversification play or hedge against broad market declines.
Read more at Reuters.com Bonds News
Correlation between real estate and other assets is low, making it a good diversification play or hedge against broad market declines.
Read more at Reuters.com Bonds News
Bush adviser says U.S. job market strong, growing
(Reuters) - "It actually is quite a good number because it's a sustainable number," Lazear added, saying that the unemployment rate of 4.5 percent suggested "a very tight labor market."
Read more at Reuters.com Economic News
Read more at Reuters.com Economic News
Insmed says to raise about $18.2 mln from offering
(Reuters) - The net proceeds from the offering will be used for working capital and general corporate purposes, the company said in a statement.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Hanson, Eastman Kodak, Priceline.com, Sears, Yahoo!: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 9:30 a.m. New York time.
21st Century Holding Co. (TCHC US) fell $8.70, or 44 percent, to $11.29 and traded as low as $10.78. The insurance company slashed its earnings forecast, saying it expects to earn as much as $2.50 a share this year. The company earlier predicted $4.50.
Read more at Bloomberg Stocks News
21st Century Holding Co. (TCHC US) fell $8.70, or 44 percent, to $11.29 and traded as low as $10.78. The insurance company slashed its earnings forecast, saying it expects to earn as much as $2.50 a share this year. The company earlier predicted $4.50.
Read more at Bloomberg Stocks News
Platinum Rises Most in Two Weeks in New York on Car Sales; Palladium Drops
(Bloomberg) -- Platinum rose the most in two weeks in New York on increased demand from automakers that use the metal to make pollution-control devices. Palladium fell.
Consumption of platinum for catalytic converters rose 6.5 percent last year to a record 4.2 million ounces, London- based research company GFMS Ltd. said in a report April 25. Before today, platinum had gained 15 percent this year. China's car sales surged 25 percent last year, boosting demand.
Read more at Bloomberg Commodities News
Consumption of platinum for catalytic converters rose 6.5 percent last year to a record 4.2 million ounces, London- based research company GFMS Ltd. said in a report April 25. Before today, platinum had gained 15 percent this year. China's car sales surged 25 percent last year, boosting demand.
Read more at Bloomberg Commodities News
Microsoft eyeing deal to buy Yahoo: reports
(Reuters) - The two companies have held informal deal talks over the years. But the latest approach comes as Microsoft seeks to ink a deal in the wake of Google's expansion.
"It's been talked about for a long time, ever since Google came into the picture. I can't imagine a more perfect deal," said Peter Lobravico, vice president of risk arbitrage sales/trading at brokerage Wall Street Access. "You can't find a stronger buyer than Microsoft and while it would spur a lot of political and regulatory noise, everyone knows in the end that the deal would go through."
Read more at Reuters.com Mergers News
"It's been talked about for a long time, ever since Google came into the picture. I can't imagine a more perfect deal," said Peter Lobravico, vice president of risk arbitrage sales/trading at brokerage Wall Street Access. "You can't find a stronger buyer than Microsoft and while it would spur a lot of political and regulatory noise, everyone knows in the end that the deal would go through."
Read more at Reuters.com Mergers News
UPDATE 1-Wells Fargo to acquire Greater Bay for $1.5 bln
(Reuters) - Based on Wells Fargo's current share price, the bid would be worth about $28 a share, below Greater Bay shares' closing price of $29.54 on Thursday.
Greater Bay shares were down 4.5 percent at $28.20 in premarket electronic trading.
Read more at Reuters.com Bonds News
Greater Bay shares were down 4.5 percent at $28.20 in premarket electronic trading.
Read more at Reuters.com Bonds News
Sasol says buys back 7.5 mln shares
(Reuters) - South African petrochemical firm Sasol has bought back 7.5 million shares at an average price of 233 rand, which represents 1.2 percent of its total share capital, the company said on Friday.
Sasol said in a statement it would continue to repurchase shares when appropriate and would give a further update when it had bought back 3 percent of the total capital.
Read more at Reuters Africa
Sasol said in a statement it would continue to repurchase shares when appropriate and would give a further update when it had bought back 3 percent of the total capital.
Read more at Reuters Africa
Hanson, Eastman Kodak, Priceline.com, Reuters, Yahoo!: U.S. Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed. Stock symbols are in parentheses after company names. Share prices are as of 8:50 a.m. New York time.
21st Century Holding Co. (TCHC US) fell $8.69, or 43 percent, to $11.30 in trading before the open of U.S. exchanges. The insurance company slashed its earnings forecast, saying it expects to earn as much as $2.50 a share this year. The company earlier predicted $4.50.
Read more at Bloomberg Stocks News
21st Century Holding Co. (TCHC US) fell $8.69, or 43 percent, to $11.30 in trading before the open of U.S. exchanges. The insurance company slashed its earnings forecast, saying it expects to earn as much as $2.50 a share this year. The company earlier predicted $4.50.
Read more at Bloomberg Stocks News
TREASURIES-Bonds rise on weaker-than-expected payrolls
(Reuters) - Many traders had been bracing themselves for a weak payrolls number, which limited bond market gains even though the 88,000 jobs added in April was the the slimmest increase in more than two years. Economists had forecast 100,000 new jobs for April. For details see [ID:nN03299008].
The bond price rise was also kept in check by stronger stock futures.
Read more at Reuters.com Bonds News
The bond price rise was also kept in check by stronger stock futures.
Read more at Reuters.com Bonds News
D.Boerse sees share buybacks resuming in H2 2008
(Reuters) - Referring to that deal, Francioni told the conference call he was convinced that it "will help accelerate our path of profitable growth" for the group's derivatives arm Eurex and for Deutsche Boerse in the medium term.
The acquisition, expected to close in the fourth quarter of 2007, would be "immediately earnings accretive", he said.
Read more at Reuters.com Mergers News
The acquisition, expected to close in the fourth quarter of 2007, would be "immediately earnings accretive", he said.
Read more at Reuters.com Mergers News
U.S. Stock-Index Futures Gain Amid Yahoo, Microsoft Takeover Speculation
(Bloomberg) -- U.S. stock-index futures rose on takeover speculation after the New York Post reported that Microsoft Corp. wants to buy Yahoo! Inc.
Shares of Yahoo, owner of the most-visited U.S. Web site, soared and Microsoft fell after the Post reported, citing unidentified banking sources, that Microsoft hired Goldman Sachs Group Inc. to advise on a possible deal. Reuters Group Plc, the world's largest publicly traded provider of financial data, said it received a takeover approach from an unidentified company.
Read more at Bloomberg Stocks News
Shares of Yahoo, owner of the most-visited U.S. Web site, soared and Microsoft fell after the Post reported, citing unidentified banking sources, that Microsoft hired Goldman Sachs Group Inc. to advise on a possible deal. Reuters Group Plc, the world's largest publicly traded provider of financial data, said it received a takeover approach from an unidentified company.
Read more at Bloomberg Stocks News
U.S. adds 88,000 jobs in April, jobless rate up
(Reuters) - The median forecast of Wall Street analysts put jobs up 100,000 last month..
Adding to the picture of a slightly less robust jobs market, the government revised down its estimate for jobs created in March by 3,000 and in February by 23,000.
Read more at Reuters.com Economic News
Adding to the picture of a slightly less robust jobs market, the government revised down its estimate for jobs created in March by 3,000 and in February by 23,000.
Read more at Reuters.com Economic News
U.S. Payrolls Rose 88,000 in April; Unemployment Rate Rises to 4.5 Percent
(Bloomberg) -- Employers in the U.S. last month added the fewest jobs in more than two years as payroll losses spread beyond homebuilders and manufacturers. The unemployment rate rose.
The 88,000 increase in employment followed a 177,000 gain in March that was smaller than previously estimated, the Labor Department reported today in Washington. The jobless rate rose to 4.5 percent from 4.4 percent, which matched a five-year low.
Read more at Bloomberg Bonds News
The 88,000 increase in employment followed a 177,000 gain in March that was smaller than previously estimated, the Labor Department reported today in Washington. The jobless rate rose to 4.5 percent from 4.4 percent, which matched a five-year low.
Read more at Bloomberg Bonds News
UPDATE 1-Devax Inc. files for $85 mln IPO
(Reuters) - The California-based medical device company told the U.S. Securities and Exchange Commission in a preliminary prospectus that Bear Stearns & Co. Inc., CIBC World Markets, Thomas Weisel Partners LLC and A.G. Edwards were underwriting the IPO.
Devax is a development stage medical device company with a limited history of operations and it currently does not have any products available for sale or other sources of revenue.
Read more at Reuters.com Government Filings News
Devax is a development stage medical device company with a limited history of operations and it currently does not have any products available for sale or other sources of revenue.
Read more at Reuters.com Government Filings News
TREASURIES-Bonds rise slightly with eyes on payrolls
(Reuters) - According to a Reuters poll, the non-farm payrolls for April will show 100,000 jobs were added, compared with a stronger 180,000 in March. But traders were betting in a derivatives auction late on Thursday that 88,900 jobs were added last month.
"The payrolls are a bit of a lottery today but we sense that a number below 70,000 would rally the market and a figure above 120,000 would send it south," said Marc Ostwald, a bond analyst at Insinger de Beaufort in London.
Read more at Reuters.com Bonds News
"The payrolls are a bit of a lottery today but we sense that a number below 70,000 would rally the market and a figure above 120,000 would send it south," said Marc Ostwald, a bond analyst at Insinger de Beaufort in London.
Read more at Reuters.com Bonds News
UPDATE 1-Macerich qtrly results fall after disposals
(Reuters) - First-quarter funds from operations, or FFO, were $85.1 million, or 96 cents a share, compared with $90.1 million, or $1.05 a share, in the year earlier quarter.
Analysts' average forecast was 96 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts' average forecast was 96 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
M&A drives FTSE up nearly 1 pct; Reuters shines
(Reuters) - Britain's top share index rallied nearly 1 percent by mid-session on Friday to set a new year high amid a flurry of merger and acquisition talk, led by Reuters, which said it had received a preliminary bid approach.
At 1055 GMT, the FTSE 100 was up 62.6 to just above the 6,600-mark, hitting its highest level since September 2000 for the second time this week and outperforming other major European markets.
Read more at Reuters Africa
At 1055 GMT, the FTSE 100 was up 62.6 to just above the 6,600-mark, hitting its highest level since September 2000 for the second time this week and outperforming other major European markets.
Read more at Reuters Africa
Israel's Starlims files for raising up to $37.4 mln in US
(Reuters) - Oppenheimer & Co. and JMP Securities are underwriting the IPO, the company told the U.S. Securities and Exchange Commission in a preliminary prospectus.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
ISTA Pharma says FDA rejects approval for eye treatment
(Reuters) - The company had filed a New Drug Application for the treatment in July last year after completing a late-stage trial in the fourth quarter of 2005.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Hovnanian sees loss bigger than previously thought
(Reuters) - After the charges, the company expects to report a loss of 45 cents to 50 cents per share.
The company expects to incur about $15 million to $20 million of pretax charges for land impairment and write-offs of predevelopment costs and land deposits in the second quarter.
Read more at Reuters.com Market News
The company expects to incur about $15 million to $20 million of pretax charges for land impairment and write-offs of predevelopment costs and land deposits in the second quarter.
Read more at Reuters.com Market News
Platinum, Palladium Drop as Demand for New Products Misses Some Estimates
(Bloomberg) -- Platinum and palladium fell for the first time in at least three days after initial interest in new securities backed by both metals lagged behind some estimates.
Securities introduced by ETF Securities Ltd. on April 24 have attracted investments equal to 6,051 ounces of platinum and 14,534 ounces of palladium, said Nik Bienkowski, head of listings at ETF Securities in London. Similar securities for gold attracted 325,000 ounces of demand on the first day, in 2003.
Read more at Bloomberg Commodities News
Securities introduced by ETF Securities Ltd. on April 24 have attracted investments equal to 6,051 ounces of platinum and 14,534 ounces of palladium, said Nik Bienkowski, head of listings at ETF Securities in London. Similar securities for gold attracted 325,000 ounces of demand on the first day, in 2003.
Read more at Bloomberg Commodities News
Crude Oil Gives Up Gains, Drops Near a Two-Week Low, as U.S. Imports Rise
(Bloomberg) -- Crude oil gave up earlier gains and fell close to $63 a barrel in New York.
Crude oil for June delivery fell 16 cents to $63.03 a barrel in after-hours electronic trading on the New York Mercantile Exchange at 11:05 a.m. in London.
Read more at Bloomberg Energy News
Crude oil for June delivery fell 16 cents to $63.03 a barrel in after-hours electronic trading on the New York Mercantile Exchange at 11:05 a.m. in London.
Read more at Bloomberg Energy News
U.S. Stock-Index Futures Gain; Yahoo, Starbucks, Kodak Advance in Europe
(Bloomberg) -- U.S. stock-index futures rose on takeover speculation after the New York Post reported that Microsoft Corp. asked Yahoo! Inc. to enter formal negotiations over a possible acquisition.
Shares of Yahoo, owner of the most-visited U.S. Web site, climbed in Europe following the Post report, which cited unidentified banking sources. Microsoft, the world's biggest software maker, slid.
Read more at Bloomberg Stocks News
Shares of Yahoo, owner of the most-visited U.S. Web site, climbed in Europe following the Post report, which cited unidentified banking sources. Microsoft, the world's biggest software maker, slid.
Read more at Bloomberg Stocks News
Hovnanian sees larger second-quarter loss
(Reuters) - After the effect of land-related charges, the company expects to report a loss of 45 cents to 50 cents per share.
The company expects to incur about $15 million to $20 million of pretax charges related to land impairment and write-offs of predevelopment costs and land deposits in the second quarter.
Read more at Reuters.com Bonds News
The company expects to incur about $15 million to $20 million of pretax charges related to land impairment and write-offs of predevelopment costs and land deposits in the second quarter.
Read more at Reuters.com Bonds News
Dollar rises broadly before U.S. payrolls data
(Reuters) - A survey showed euro zone service sector growth dipped unexpectedly in April, with Italy's index -- which hit its weakest since October 2005 -- weighing on the euro.
Thursday's data showed the U.S. services sector expanded at a faster pace than expected in April and productivity improved in the first quarter. The employment component of the services survey rose, while jobless claims fell unexpectedly in the latest week.
Read more at Reuters.com Hot Stocks News
Thursday's data showed the U.S. services sector expanded at a faster pace than expected in April and productivity improved in the first quarter. The employment component of the services survey rose, while jobless claims fell unexpectedly in the latest week.
Read more at Reuters.com Hot Stocks News
U.K. Stocks Gain, Paced by BHP, Rio Tinto; Reuters, EMI and Hanson Advance
(Bloomberg) -- U.K. stocks climbed, paced by Rio Tinto Group after the shares hit a record high in Australia. BHP Billiton Ltd. rose after Merrill Lynch & Co. said the company may lure private equity.
Reuters Plc climbed on speculation the company may receive a takeover approach from rival Thompson Corp. Hanson Plc advanced after Germany's HeidelbergCement AG said it may bid for the company. EMI Group Plc surged after the record company said it received several takeover offers.
Read more at Bloomberg Stocks News
Reuters Plc climbed on speculation the company may receive a takeover approach from rival Thompson Corp. Hanson Plc advanced after Germany's HeidelbergCement AG said it may bid for the company. EMI Group Plc surged after the record company said it received several takeover offers.
Read more at Bloomberg Stocks News
France's CAC 40 Advances, Led by Vallourec and Pernod; Total Shares Slip
(Bloomberg) -- French stocks rose, led by Vallourec SA and Pernod Ricard SA.
The CAC 40 Index gained 3.52, or 0.1 percent, to 6007.80 at 9:09 a.m. in Paris as 23 stocks rose and 16 fell. The broader SBF 120 Index gained less than 0.1 percent.
Read more at Bloomberg Stocks News
The CAC 40 Index gained 3.52, or 0.1 percent, to 6007.80 at 9:09 a.m. in Paris as 23 stocks rose and 16 fell. The broader SBF 120 Index gained less than 0.1 percent.
Read more at Bloomberg Stocks News
U.K. Working-Day Ahead Electricity Slides as French Power Price Declines
(Bloomberg) -- U.K. power for delivery on the next working day declined as corresponding prices in continental Europe also dropped.
U.K. power for May 8 traded at 19.40 pounds ($38.55) a megawatt-hour at 8:29 a.m. in London, according to information on Bloomberg from the energy broker GFI Group Inc. That's down 2.5 percent from a last trade of 19.90 pounds a megawatt-hour yesterday for delivery today.
Read more at Bloomberg Energy News
U.K. power for May 8 traded at 19.40 pounds ($38.55) a megawatt-hour at 8:29 a.m. in London, according to information on Bloomberg from the energy broker GFI Group Inc. That's down 2.5 percent from a last trade of 19.90 pounds a megawatt-hour yesterday for delivery today.
Read more at Bloomberg Energy News
Pound Set for Weekly Gain Versus Euro on Prospects of BOE to Lift Rates
(Bloomberg) -- The pound headed for a weekly gain against the euro on speculation the Bank of England will raise interest rates next week in order to curb above-target inflation.
The U.K. currency touched a quarter-century high versus the dollar in the past month as a report showed inflation at 3.1 percent. Separate data this week said inflation will hold above the BOE's 2 percent target for another year. The pound yesterday failed to trade above the $2 milestone for the first time since April 17 as investors await today's U.S. payrolls report.
Read more at Bloomberg Currencies News
The U.K. currency touched a quarter-century high versus the dollar in the past month as a report showed inflation at 3.1 percent. Separate data this week said inflation will hold above the BOE's 2 percent target for another year. The pound yesterday failed to trade above the $2 milestone for the first time since April 17 as investors await today's U.S. payrolls report.
Read more at Bloomberg Currencies News
Goldman, New World Resources, Eurogate to Sell Debt: European Bond Alert
(Bloomberg) -- The following is a list of bond sales denominated in euros or pounds and expected in the coming days and weeks.
Investment-Grade Sales
Read more at Bloomberg Bonds News
Investment-Grade Sales
Read more at Bloomberg Bonds News
Dollar clings to gains vs euro, jobs report eyed
(Reuters) - The U.S. dollar held ground against the euro on Friday as upbeat economic figures helped it cling to three days of gains and as attention turned towards the notoriously volatile U.S. payrolls data.
Most investors expect the Federal Reserve to cut U.S. interest rates later this year, but it would take a big softening in the U.S. jobs market to shift the Fed's current focus from inflation.
Read more at Reuters Africa
Most investors expect the Federal Reserve to cut U.S. interest rates later this year, but it would take a big softening in the U.S. jobs market to shift the Fed's current focus from inflation.
Read more at Reuters Africa
S.Africa March credit slows to 24.18 pct
(Reuters) - Demand for credit from South Africa's private sector slowed slightly in the year to March, data showed on Friday, easing pressure on the central bank to hike interest rates, analysts said.
Private sector credit extension (PSCE) rose by an annual rate of 24.18 percent, from a revised 26.18 percent in February, the Reserve Bank said. A Reuters poll had forecast that credit, which is driving a consumer spending boom, would rise 24.76 percent.
Read more at Reuters Africa
Private sector credit extension (PSCE) rose by an annual rate of 24.18 percent, from a revised 26.18 percent in February, the Reserve Bank said. A Reuters poll had forecast that credit, which is driving a consumer spending boom, would rise 24.76 percent.
Read more at Reuters Africa
HeidelbergCement, Linde, Munich Re Shares May Move: German Equity Preview
(Bloomberg) -- The following stocks may rise or fall in German markets today. Stock symbols are in parentheses after the company names and prices are from the Xetra close unless otherwise stated.
DAX Futures expiring in June added 9, or 0.1 percent, to 7518 at 8:17 a.m. in Frankfurt. The DAX increased 0.3 percent to 7476.69 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
DAX Futures expiring in June added 9, or 0.1 percent, to 7518 at 8:17 a.m. in Frankfurt. The DAX increased 0.3 percent to 7476.69 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
21st Century, BigBand Networks, Crocs, Jones Soda: U.S. Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed. Stock symbols are in parentheses after company names.
BigBand Networks Inc. (BBND US) fell $2.87, or 13 percent, to $18.56 in extended trading. The maker of equipment for delivering online video said it expects to earn 6 cents to 11 cents a share this year. Four analysts surveyed by Bloomberg had anticipated profit of 26 cents, on average.
Read more at Bloomberg Stocks News
BigBand Networks Inc. (BBND US) fell $2.87, or 13 percent, to $18.56 in extended trading. The maker of equipment for delivering online video said it expects to earn 6 cents to 11 cents a share this year. Four analysts surveyed by Bloomberg had anticipated profit of 26 cents, on average.
Read more at Bloomberg Stocks News
Philippine Inflation Rate Holds Near Seven-Year Low; Outlook `Favorable'
(Bloomberg) -- Philippines' inflation held near a seven-year low and central bank Governor Amando Tetangco said the outlook for containing price increases remains favorable, indicating the bank doesn't plan to raise rates soon.
The consumer price index rose 2.3 percent from a year earlier, climbing from 2.2 percent in March, according to the National Statistics Office. That compares with the 2.4 percent median estimate of 13 economists surveyed by Bloomberg News.
Read more at Bloomberg Emerging Markets News
The consumer price index rose 2.3 percent from a year earlier, climbing from 2.2 percent in March, according to the National Statistics Office. That compares with the 2.4 percent median estimate of 13 economists surveyed by Bloomberg News.
Read more at Bloomberg Emerging Markets News
Nickel Shipment From Australia's Esperance Port Faces Pollution Scrutiny
(Bloomberg) -- A 20,500 metric ton nickel concentrate shipment from LionOre Mining Ltd. and Jubilee Mines NL scheduled to leave Australia's Esperance Port tomorrow will be monitored amid a metal pollution inquiry in the town.
Western Australia state's Department of Environment and Conservation will stop the ship loading should odor or dust be detected, spokeswoman Nicole Bailey said by phone. Loading is due to start today with the ship expected to depart tomorrow.
Read more at Bloomberg Commodities News
Western Australia state's Department of Environment and Conservation will stop the ship loading should odor or dust be detected, spokeswoman Nicole Bailey said by phone. Loading is due to start today with the ship expected to depart tomorrow.
Read more at Bloomberg Commodities News
Nickel Futures Advance to Their Highest Ever on London Metal Exchange
(Bloomberg) -- Nickel, a metal mostly used to make stainless steel, rose to a record on the London Metal Exchange.
Nickel for delivery in three months on the LME increased as much as $443, or 0.9 percent, to $50,243 a metric ton and was at that price as of 7:20 a.m. local time.
Read more at Bloomberg Commodities News
Nickel for delivery in three months on the LME increased as much as $443, or 0.9 percent, to $50,243 a metric ton and was at that price as of 7:20 a.m. local time.
Read more at Bloomberg Commodities News
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