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RPT-Miners may take more hits from weak gold prices after Newcrest
ReutersSYDNEY/TORONTO, June 10 (Reuters) - The pain is not likely to be over for investors in mining shares after the steepest drop in gold prices in a generation led to a $6 billion asset writedown at Australia's Newcrest Mining, fuelling speculation of more to...Tags: Australia, Newmont Mining Corporation, Mining, Gold and Precious Material, Goldcorp Incorporated
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REFILE-GLOBAL MARKETS-Dollar jumps on S&P credit revision, bond yields rise
Reuters* S&P drops negative outlook for U.S. government debt * Dollar gains on the news, government debt prices fall * Equity markets mostly flat amid unease about Fed policy * Uncertainty reigns over when Fed might ease its bond buying By Herbert Lash...Tags: S&P 500, Federal Reserve, China, Petroleum Industry, Deutsche Telekom AG
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Firms warn British staff of protests before G8 summit
Reuters* Anti-capitalists planning protest in central London * Unclear how large demonstration will be * Financial, energy, defence, mining firms among targets * Firms step up security and staff given advice By Michael Holden LONDON, June 11 (Reuters) -...Tags: United Kingdom, Globalization, Mutual Funds, Summits, BAE Systems Plc.
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GLOBAL MARKETS-Dollar jumps on S&P credit revision, bond yields rise
Reuters* S&P drops negative outlook for U.S. government debt * Dollar gains on the news, government debt prices fall * Equity markets mostly flat amid unease about Fed policy * Uncertainty reigns over when Fed might ease its bond buying By Herbert Lash...Tags: S&P 500, Federal Reserve, China, Deutsche Telekom AG, Petroleum Industry
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COMMODITIES-Oil, copper fall, leading markets down on China data
Reuters* China May exports, domestic activity show momentum loss * Brent crude oil down 0.6 pct; London copper off 1 pct * CRB index falls 0.4 pct after last week's 2 pct gain By Barani Krishnan NEW YORK, June 10 (Reuters) - Commodities ended mostly lower on...Tags: China, Petroleum Industry, International Energy, North Sea, Environmental Issues
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UPDATE 3-Duke's Edwardsport coal-fired power plant enters service
ReutersBy Scott DiSavino June 10 (Reuters) - Duke Energy Corp's 618-megawatt (MW) Edwardsport coal-fired power plant in Indiana has entered service, the power company said on Monday, one year late and $1.5 billion over budget. Edwardsport is the largest U.S....Tags: Duke Energy Corporation, Energy Resources, Environmental Politics, Plant Openings, Petroleum Industry
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Metals producer Suriname promises WTO safeguards for investors
ReutersBy Tom Miles GENEVA, June 10 (Reuters) - South American metals and energy producer Suriname, which signed deals last week with U.S. and Canadian miners, said on Monday that it plans to improve safeguards for investors and set up a sovereign wealth fund....Tags: Newmont Mining Corporation, Politics, Gold and Precious Material, Economic Organization, Suriname
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Produced By Conference: A 'gold rush' out of L.A. for tax credits
California, beware: Film producers are increasingly sizing up rivals in emerging regional production centers outside of Hollywood, from Pittsburgh to Atlanta. That was the blunt, but all too familiar, message delivered at a panel Sunday at the fifth...
Tags: American Reunion (movie), Promised Land (movie), Economy, Business and Finance, Gold and Precious Material, Credit and Debt
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Base metals firms wary of hedging despite downside risk
Reuters* Modest increase seen in hedging of aluminium, zinc, lead * Copper producers waiting to see if prices decline further * Some mining firms worry about investor opposition By Eric Onstad LONDON, June 10 (Reuters) - Some mining companies have stepped up...Tags: Mining, BHP Billiton Plc., Petroleum Industry, Non Ferrous Metal, Metal
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Lay preacher turned union boss wages S.African class war
Reuters* Preacher's son angered by poverty, income disparities * Evangelical style appeals to downtrodden miners * Investors take notice as AMCU dominates platinum belt * Wildcat strikes have cost billions, led to credit downgrades By Ed Stoddard and...Tags: Africa, Work Relations, Career and Workplace, South Africa, Strikes
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