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METALS-Copper holds ground, Fed officials hint bond-buying to continue
ReutersSINGAPORE, May 22 (Reuters) - London copper on Wednesday held below two week-highs hit the session before after Federal Reserve officials suggested the central bank would continue its bond-buying scheme. FUNDAMENTALS * Three-month copper on the London...Tags: Central Bank, Metal, Federal Reserve, Money and Monetary Policy, Ben Bernanke
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Australia shares down 0.6 pct as mining services slump, banks retreat
Reuters(Adds details, comments) SYDNEY, May 21 (Reuters) - Australian shares fell 0.6 percent on Tuesday, with banks taking a break from recent sharp gains while a series of profit warnings took a heavy toll on mining services firms. Investors were also...Tags: Non Ferrous Metal, Ben Bernanke, New Zealand, Finance, Federal Reserve
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Indonesia's Freeport mine risks prolonged closure over disaster
Reuters* Death toll rises to 21, hopes fade for survivors * Unions demand thorough investigation * Mine has been closed for a week By Michael Taylor JAKARTA, May 21 (Reuters) - Freeport McMoRan Copper & Gold Inc's Indonesian mine could face a prolonged...Tags: Susilo Bambang Yudhoyono, Disasters and Accidents, Jakarta (Indonesia), Indonesia, Metal and Mineral
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Bidding nears for $9-14 bln Congo hydropower plant
Reuters* Chinese, Korean and Spanish firms to bid by early 2014 * Plant would provide 4,800 MW, S.Africa to buy over half * Congo needs more electricity to power mining operations By John Irish PARIS, May 18 (Reuters) - Chinese, South Korean and Spanish...Tags: Congo, International Organizations, Electricite de France S.A., Hydroelectricity, Economic Organization
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Southern Co replaces executives in wake of Kemper cost overrun
ReutersHOUSTON, May 20 (Reuters) - Southern Co's smallest utility unit, Mississippi Power, named a new president on Monday in response to pressure from state regulators concerned about cost overruns at a controversial coal-gasification plant under construction...Tags: Companies and Corporations, Mississippi Power Company, Netherlands, Economy, Business and Finance, Corporate Officers
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Caterpillar, Milwaukee workers union to resume contract talks
ReutersCHICAGO, May 20 (Reuters) - Caterpillar Inc said late on Monday that it would resume contract talks with the union representing about 800 Milwaukee workers who make specialized mining machinery. The company said the two sides would reconvene on Thursday,...Tags: Career and Workplace, Employees, Heavy Engineering, Layoffs and Downsizing, Wage Contract Issues
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REUTERS SUMMIT-Banco de Chile sees slower corporate, consumer credit demand as investments cool
Reuters(For other news from Reuters Latin America Investment Summit, click on http://www.reuters.com/summit/LatinAmerica13) By Anthony Esposito and Felipe Iturrieta SANTIAGO, May 20 (Reuters) - Banco de Chile, the country's leading lender, is tempering its...Tags: Credit and Debt, Non Ferrous Metal, Barrick Gold Corporation, Loans, Energy
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REUTERS SUMMIT-Colombia pins energy hopes on shale oil discoveries
Reuters* For other news from Reuters Latin America Investment Summit, click on http://www.reuters.com/summit/LatinAmerica13 * Oil reserves at 6.9 years, but increasing slightly * End of war with FARC would help oil industry * Foreign investment falling from...Tags: Conservation, Unrest, Conflicts and War, Petroleum Industry, Productivity, Weaponry
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Elkhart Brass built to last
South Bend TribuneELKHART -- A recent episode of the NBC series "Chicago Fire" featured a product made in Elkhart. Elkhart Brass makes more than 2,000 products used in the fire-fighting industry, including nozzles for hoses, controls, monitors and valves. Established in...Tags: NBC (tv network), Science and Technology, Chicago Fire (tv program), Design and Engineering, Technology
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South African wage demands send rand to four year low
Reuters* Main mining union NUM seeks wage hikes of up to 60 pct * Gold companies' shares drop, rand also under pressure * Threat of mines unrest is headache for ruling ANC * NUM rival AMCU now dominates tense platinum sector By Ed Stoddard JOHANNESBURG, May...Tags: U.S. Congress, Labor Legislation, Anglo American Platinum Limited, Gold Fields Limited, Strikes
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S.Africa's Barloworld boosts H1 profit, Russia unit robust
Reuters* Headline EPS at 321 cents vs 245 cents * Revenue up 11 percent at 31.3 billion rand JOHANNESBURG, May 20 (Reuters) - South African industrial group Barloworld Ltd boosted first-half profit by a third on Thursday, as a solid results in its Russian...Tags: Africa, Earnings, Barloworld Limited, South Africa, Russia
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COLUMN-Commodity companies' cost-cutting stampede yet to work: Clyde Russell
Reuters--Clyde Russell is a Reuters market analyst. The views expressed are his own.-- By Clyde Russell LAUNCESTON, Australia, May 20 (Reuters) - If you ever needed an example of the corporate herd mentality, then look no further than the stampede of cost-...Tags: Woodside Petroleum Limited, Energy Resources, Petroleum Industry, PetroChina Company Limited, China
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