(Reuters) - Bill Utt, the company's chief executive officer, also told analysts that the the company's "first quarter did not meet our expectations."
Read more at Reuters.com Market News
Friday, May 4, 2007
Suez says has "very good" relations with Sonatrach
(Reuters) - "As for setting capitalistic links between the two companies, I don't have the impression that the Algerian authorities are really keen on that," he added.
"Algeria is a great partner for Europe and... there are without a doubt gas supplying agreements that can be reached and that could be beneficial to both parties, Europe and Algeria."
Read more at Reuters.com Mergers News
"Algeria is a great partner for Europe and... there are without a doubt gas supplying agreements that can be reached and that could be beneficial to both parties, Europe and Algeria."
Read more at Reuters.com Mergers News
Global all-industry output growth rises in April
(Reuters) - The Global Services PMI rose to 56.4 in April, its highest level since January.
Price pressures across all industries accelerated in April, with the global input price index rising to an eight-month high of 63.0 from 61.9 in March.
Read more at Reuters.com Economic News
Price pressures across all industries accelerated in April, with the global input price index rising to an eight-month high of 63.0 from 61.9 in March.
Read more at Reuters.com Economic News
Canada's Dollar Reaches 8-Month High on Economic Outlook, U.S. Jobs Report
(Bloomberg) -- The Canadian dollar reached an eight- month high following a report U.S. employers added fewer jobs last month, underscoring Canada's comparative economic strength and the possibility of a Federal Reserve interest rate cut.
The currency pared some early gains after a report that Canadian business spending fell in April, though it exceeded economists' expectations.
Read more at Bloomberg Currencies News
The currency pared some early gains after a report that Canadian business spending fell in April, though it exceeded economists' expectations.
Read more at Bloomberg Currencies News
Homeowners see steady home values: survey
(Reuters) - "The near zero change expected by the typical homeowner during the year ahead will restrain borrowing against their home equity," a statement accompanying the survey results said.
"This withdrawal of support for consumption spending will act to slow the pace of overall economic growth in 2007 and 2008," the statement said.
Read more at Reuters.com Bonds News
"This withdrawal of support for consumption spending will act to slow the pace of overall economic growth in 2007 and 2008," the statement said.
Read more at Reuters.com Bonds News
UPDATE 1-Continental Airlines raises U.S. fares $5
(Reuters) - Continental spokeswoman Julie King said the No. 4 U.S. carrier made the move to offset the rising price of jet fuel, which vies with labor as an airline's biggest expense.
A penny rise in the price per gallon of jet fuel adds about $18 million to Continental's cost over the course of a year, she said.
Read more at Reuters.com Market News
A penny rise in the price per gallon of jet fuel adds about $18 million to Continental's cost over the course of a year, she said.
Read more at Reuters.com Market News
Blackbaud, Kodak, Shutterfly, Weyerhaeuser, 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 10:10 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
Wheat May Fall on Larger Crop in Kansas; Corn Might Rise on Rain Forecast
(Bloomberg) -- Wheat futures may fall after a survey of fields in Kansas, the biggest producing state, estimated the crop will be 35 percent larger than last year. Corn may rise as wet weather delays planting in the U.S. Midwest.
The hard-red winter wheat crop in Kansas will be about 392 million bushels, the average estimate of experts on a crop tour sponsored by the Wheat Quality Council. The state harvested 291.2 million bushels last year, according to the U.S. government. Fields will produce about 41 bushels an acre, compared with a five-year average of 38 bushels, the group said.
Read more at Bloomberg Commodities News
The hard-red winter wheat crop in Kansas will be about 392 million bushels, the average estimate of experts on a crop tour sponsored by the Wheat Quality Council. The state harvested 291.2 million bushels last year, according to the U.S. government. Fields will produce about 41 bushels an acre, compared with a five-year average of 38 bushels, the group said.
Read more at Bloomberg Commodities News
CORRECTED - US CREDIT-GM debt may be better value than GMAC
(Reuters) - NEW YORK, May 3 - General Motors Corp.'s swamped gains in its main business. [ID:nN03467095]
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Oil Is Steady Amid Expectations of Adequate Supply to Meet Refinery Demand
(Bloomberg) -- Crude oil was little changed amid speculation that U.S. supplies are sufficient to meet demand from refiners making gasoline for the summer driving season.
Inventories rose 1.17 million barrels to 335.6 million last week, leaving stockpiles 4.8 percent above the five-year average for the period, the Energy Department said on May 2. Gasoline supplies have declined for 12 weeks, department figures show. The driving season begins with the Memorial Day holiday at the end of this month.
Read more at Bloomberg Energy News
Inventories rose 1.17 million barrels to 335.6 million last week, leaving stockpiles 4.8 percent above the five-year average for the period, the Energy Department said on May 2. Gasoline supplies have declined for 12 weeks, department figures show. The driving season begins with the Memorial Day holiday at the end of this month.
Read more at Bloomberg Energy News
U.S. Stocks Gain on Takeover Speculation, Employment Report; Yahoo Rallies
(Bloomberg) -- U.S. stocks rose for a fourth day on speculation Microsoft Corp. wants to buy Yahoo! Inc. and an employment report that may boost odds the Federal Reserve will cut interest rates.
Shares of Yahoo, owner of the most-visited U.S. Web site, soared and Microsoft, the world's largest software maker, fell after the New York Post reported that Microsoft hired Goldman Sachs Group Inc. to advise on a possible deal. Reuters Group Plc, the biggest 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, the world's largest software maker, fell after the New York Post reported that Microsoft hired Goldman Sachs Group Inc. to advise on a possible deal. Reuters Group Plc, the biggest publicly traded provider of financial data, said it received a takeover approach from an unidentified company.
Read more at Bloomberg Stocks News
Geithner Says Emerging Markets Risk Disruption by Managing Exchange Rates
(Bloomberg) -- Federal Reserve Bank of New York President Timothy Geithner said exchange-rate flexibility is essential for countries involved in global trade of goods and services.
``Exchange rate flexibility is a necessary condition for sustained favorable economic performance,'' Geithner said today at a conference in Montreal.
Read more at Bloomberg Currencies News
``Exchange rate flexibility is a necessary condition for sustained favorable economic performance,'' Geithner said today at a conference in Montreal.
Read more at Bloomberg Currencies News
UPDATE 1-Trex posts Q1 profit below mkt views, cuts '07 forecast
(Reuters) - The company posted a profit of $3.7 million, or 25 cents a share, compared with $4.1 million, or 27 cents a share, a year ago. Revenue rose 10 percent to $115.9 million.
Analysts, on average, expected the company to earn 29 cents a share on revenue of $104.7 million, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts, on average, expected the company to earn 29 cents a share on revenue of $104.7 million, according to Reuters Estimates.
Read more at Reuters.com Market News
Medi-Clinic sees FY earnings up 80-90 pct
(Reuters) - South African hospital group Medi-Clinic expected full-year headline earnings per share to increase by as much as 90 percent, the company said on Friday.
Medi-Clinic said it expected headline EPS -- the key profit measure for South African firms which excludes non-trading, capital and certain extraordinary items -- to rise between 80-90 percent.
Read more at Reuters Africa
Medi-Clinic said it expected headline EPS -- the key profit measure for South African firms which excludes non-trading, capital and certain extraordinary items -- to rise between 80-90 percent.
Read more at Reuters Africa
U.K. Stocks Jump on Possible Bids; Reuters, Hanson, EMI and BHP Rally
(Bloomberg) -- The U.K.'s FTSE 100 Index climbed as some of the biggest British companies became takeover targets.
Reuters Plc soared after saying it received a preliminary approach, and Hanson Plc jumped after Germany's HeidelbergCement AG said it may bid for the company.
Read more at Bloomberg Stocks News
Reuters Plc soared after saying it received a preliminary approach, and Hanson Plc jumped after Germany's HeidelbergCement AG said it may bid for the company.
Read more at Bloomberg Stocks News
UPDATE 1-Chemtura to sell organic peroxides business
(Reuters) - The cash transaction will include Chemtura's Marshall, Texas, manufacturing facility, which employs about 40 people, and is expected to close within 90 days, pending regulatory approval, Chemtura said.
Proceeds of the sale to will be used primarily for debt reduction, it said.
Read more at Reuters.com Bonds News
Proceeds of the sale to will be used primarily for debt reduction, it said.
Read more at Reuters.com Bonds News
UPDATE1-Clean Energy expects IPO pricing at $13-$17/shr
(Reuters) - The company, based in Seal Beach, California, said in an amended filing with the U.S Securities and Exchange Commission that it plans to sell 10 million shares, while the remaining will be sold by some of its stockholders.
In the amended filing, Clean Energy said that WR Hambrecht & Co., Simmons & Co. International, Susquehanna Financial Group, LLLP, National Bank Financial were underwriting the IPO.
Read more at Reuters.com Government Filings News
In the amended filing, Clean Energy said that WR Hambrecht & Co., Simmons & Co. International, Susquehanna Financial Group, LLLP, National Bank Financial were underwriting the IPO.
Read more at Reuters.com Government Filings News
Dollar Declines Versus Euro, Yen as Government Jobs Report Trails Forecast
(Bloomberg) -- The dollar fell against the euro and yen after a government report showed U.S. employers added fewer jobs last month than economists forecast and the unemployment rate rose to 4.5 percent.
The U.S. currency weakened on speculation the Labor Department data will increase the likelihood of a cut in borrowing costs by the Federal Reserve. Reports earlier this week showed pending home sales unexpectedly declined and inflation moderated in March.
Read more at Bloomberg Currencies News
The U.S. currency weakened on speculation the Labor Department data will increase the likelihood of a cut in borrowing costs by the Federal Reserve. Reports earlier this week showed pending home sales unexpectedly declined and inflation moderated in March.
Read more at Bloomberg Currencies News
Credit Investors Unimpressed With Rally in Stock Markets, Derivatives Show
(Bloomberg) -- The better-than-expected corporate profits that boosted U.S. stocks this week have failed to ignite a rally in credit markets where traders are concerned that companies are taking on too much debt to fund leveraged buyouts and share buybacks, credit-default swap trading shows.
While the Standard & Poor's 500 Index rose to the highest since September 2000 and the Dow Jones Industrial Average yesterday set a record high for the ninth day in 12, a benchmark credit-default swap index measuring the perceived risk of owning corporate bonds has barely moved the past two weeks.
Read more at Bloomberg Bonds News
While the Standard & Poor's 500 Index rose to the highest since September 2000 and the Dow Jones Industrial Average yesterday set a record high for the ninth day in 12, a benchmark credit-default swap index measuring the perceived risk of owning corporate bonds has barely moved the past two weeks.
Read more at Bloomberg Bonds News
U.S. May Have Added 80,700 Jobs Last Month, Derivatives Auction Indicates
(Bloomberg) -- Traders and investors expect U.S. employers added 80,700 non-farm workers in April, according to an auction of economic derivatives by the Chicago Mercantile Exchange today.
The government will release the April labor data at 8:30 a.m. in Washington today. The forecast implied in the derivatives auction was down from an estimate in an auction yesterday that indicated traders predicted a gain of 88,900 jobs last month. The CME released the auction figures on its Web site.
Read more at Bloomberg Bonds News
The government will release the April labor data at 8:30 a.m. in Washington today. The forecast implied in the derivatives auction was down from an estimate in an auction yesterday that indicated traders predicted a gain of 88,900 jobs last month. The CME released the auction figures on its Web site.
Read more at Bloomberg Bonds News
UPDATE 1-Israel's Starlims files for up to $37.4 mln U.S. IPO
(Reuters) - The provider of information management systems for laboratory analysis said it would offer 2.1 million shares at a price between $13.50 and $15.50 a share. It has applied for Nasdaq listing under the symbol "LIMS."
Starlims plans to use the net proceeds for general corporate purposes, including working capital and capital expenditures as well as acquisition of, or investment in, companies, technologies or products.
Read more at Reuters.com Government Filings News
Starlims plans to use the net proceeds for general corporate purposes, including working capital and capital expenditures as well as acquisition of, or investment in, companies, technologies or products.
Read more at Reuters.com Government Filings News
Bebe, Crocs, Jones Soda, PetroChina, 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 7:30 a.m. New York time.
21st Century Holding Co. (TCHC US): 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. The shares rose 20 cents to $19.99 in regular trading yesterday.
Read more at Bloomberg Stocks News
21st Century Holding Co. (TCHC US): 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. The shares rose 20 cents to $19.99 in regular trading yesterday.
Read more at Bloomberg Stocks News
U.S. Stock-Index Futures Gain; Yahoo, Google, Starbucks Advance in Europe
(Bloomberg) -- U.S. stock-index futures rose after the New York Post reported that Microsoft Corp. asked Yahoo! Inc. to start acquisition talks.
Shares of Yahoo, the most-visited U.S. Web site, jumped as much as 17 percent, and Microsoft fell in Europe. Microsoft is working with Goldman Sachs Group Inc. over a possible deal, the Post said. Internet stocks including Google Inc. also advanced.
Read more at Bloomberg Stocks News
Shares of Yahoo, the most-visited U.S. Web site, jumped as much as 17 percent, and Microsoft fell in Europe. Microsoft is working with Goldman Sachs Group Inc. over a possible deal, the Post said. Internet stocks including Google Inc. also advanced.
Read more at Bloomberg Stocks News
Kodak posts smaller quarterly loss
(Reuters) - The world's top maker of photographic film, which says it is in the last year of a costly transformation into a provider of digital products and printing services, said revenue fell to $2.11 billion from $2.29 billion.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Tanox sees Genentech deal close later than planned
(Reuters) - The companies had previously expected to complete the transaction in the first quarter.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
UPDATE 1-Hovnanian sees loss bigger than previously thought
(Reuters) - The luxury home builder said it expected to post a loss of about 30 cents per share before certain land-related charges. It had earlier forecast the loss at 5 cents to 20 cents.
After the charges, the company expects to report a loss of 45 cents to 50 cents per share.
Read more at Reuters.com Market News
After the charges, the company expects to report a loss of 45 cents to 50 cents per share.
Read more at Reuters.com Market News
Dollar holds firm before US payrolls data
(Reuters) - The dollar rose to a 2-1/2 week high against a basket of currencies on Friday after the previous session's firmer U.S. data brightened sentiment ahead of a key U.S. jobs report due later.
A survey which showed euro zone service sector growth dipped unexpectedly in April, with Italy's index hitting its weakest since October 2005, weighed briefly on the euro.
Read more at Reuters Africa
A survey which showed euro zone service sector growth dipped unexpectedly in April, with Italy's index hitting its weakest since October 2005, weighed briefly on the euro.
Read more at Reuters Africa
Bulgaria to Seek Foreign Workers to Alleviate Labor Shortage, Datsov Says
(Bloomberg) -- Bulgaria, the European Union's poorest state, will allow workers from Turkey and other neighbors to move there, helping offset a labor shortage fueled by accelerating economic growth and an exodus of its own citizens.
Bulgaria will revise its laws to allow businesses to import foreign workers for construction, tourism and shipbuilding, said Deputy Finance Minister Lyubomir Datsov. The construction industry grew about 30 percent last year and tourism 10 percent.
Read more at Bloomberg Emerging Markets News
Bulgaria will revise its laws to allow businesses to import foreign workers for construction, tourism and shipbuilding, said Deputy Finance Minister Lyubomir Datsov. The construction industry grew about 30 percent last year and tourism 10 percent.
Read more at Bloomberg Emerging Markets News
Turkey's Main Index Retreats, Led by Banking Shares: World's Biggest Mover
(Bloomberg) -- Turkish stocks dropped for the first time in three days as the government's push for double elections sparked a parliamentary debate, fuelling concern about political instability in the country.
Akbank TAS, Turkey's biggest company by market value, and Turkiye Garanti Bankasi AS, paced the retreat.
Read more at Bloomberg Stocks News
Akbank TAS, Turkey's biggest company by market value, and Turkiye Garanti Bankasi AS, paced the retreat.
Read more at Bloomberg Stocks News
ABN says working with RBS, talks continue
(Reuters) - The proposed $88 billion merger was thrown into doubt on Thursday when a Dutch court told the bank to freeze its $21 billion sale of U.S. unit LaSalle to Bank of America, making it easier for RBS and two partners to bid for the whole of the Netherlands' biggest bank.
The consortium of RBS, Santander and Fortis has indicated readiness to pay as much as 72 billion euros , and sources familiar with the matter said the RBS-led group was still trying to secure agreement from ABN.
Read more at Reuters.com Business News
The consortium of RBS, Santander and Fortis has indicated readiness to pay as much as 72 billion euros , and sources familiar with the matter said the RBS-led group was still trying to secure agreement from ABN.
Read more at Reuters.com Business News
Reuters shares rise on consolidation talk: traders
(Reuters) - News Corp has bid $5 billion for Dow Jones, but the offer has been turned down by Dow Jones' controlling shareholder.
Both Reuters and Thomson declined to comment on the rumors.
Read more at Reuters.com Hot Stocks News
Both Reuters and Thomson declined to comment on the rumors.
Read more at Reuters.com Hot Stocks News
Gold Drops in London as Equity Gains Reduce Demand; Silver Little Changed
(Bloomberg) -- Gold fell, erasing this week's gain, as increased equity prices reduced demand for the precious metal as an alternative investment. Silver was little changed.
Investment demand for bullion in exchange-traded funds watched by the World Gold Council dropped 1.2 percent in the past two weeks after gains in world equities. The U.K.'s benchmark FTSE 100 Index is heading for a weekly gain of 2.3 percent.
Read more at Bloomberg Commodities News
Investment demand for bullion in exchange-traded funds watched by the World Gold Council dropped 1.2 percent in the past two weeks after gains in world equities. The U.K.'s benchmark FTSE 100 Index is heading for a weekly gain of 2.3 percent.
Read more at Bloomberg Commodities News
Hanson Shares Advance on Possible Takeover Approach From HeidelbergCement
(Bloomberg) -- Shares of Hanson Plc, the world's largest supplier of crushed rock used in construction, rose as much as 6.3 percent after HeidelbergCement AG said yesterday it may make a takeover offer for the company.
The stock climbed 65 pence, to 1,090 pence, and traded at 1,058 pence as of 8:24 a.m. in London, giving Hanson a market value of 7.54 billion pounds ($15.2 billion.) Shares of the company, based in the U.K. capital, surged 20 percent yesterday.
Read more at Bloomberg Stocks News
The stock climbed 65 pence, to 1,090 pence, and traded at 1,058 pence as of 8:24 a.m. in London, giving Hanson a market value of 7.54 billion pounds ($15.2 billion.) Shares of the company, based in the U.K. capital, surged 20 percent yesterday.
Read more at Bloomberg Stocks News
UPDATE 2-Norske Skog first-quarter core earnings drop
(Reuters) - OSLO, May 4 - Norwegian papermaker Norske Skog in January through March from 1.04 billion in the same quarter a year earlier.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
NYSE Euronext reports brisk business in April
(Reuters) - NYSE Group exchanges reported 2.6 billion shares handled per day, up 7.1 percent from the same month last year, while its operations in NYSE-listed securities handled 2.1 billion shares per day, up 13.8 percent from 2006.
Derivatives business also increased, with Euronext.liffe trading 64 million futures and options contracts in April, up 7 percent from last year.
Read more at Reuters.com Market News
Derivatives business also increased, with Euronext.liffe trading 64 million futures and options contracts in April, up 7 percent from last year.
Read more at Reuters.com Market News
London ETF accumulates 6,051 ounces of platinum
(Reuters) - ETF Securities Ltd said on Thursday its exchange-traded fund based on physical platinum has attracted investment equal to 6,051 ounces of the metal since its launch on April 24.
Nik Bienkowski, head of listings and research at the London-based company, told Reuters that total investment in its five physically-backed exchange traded funds (ETFs) based on precious metals totalled about $28 million.
Read more at Reuters Africa
Nik Bienkowski, head of listings and research at the London-based company, told Reuters that total investment in its five physically-backed exchange traded funds (ETFs) based on precious metals totalled about $28 million.
Read more at Reuters Africa
European shares steady early; payrolls in focus
(Reuters) - European shares were steady in early trade on Friday, as investors stayed cautious ahead of key U.S. non-farm payroll data, merger talk swirled and power and energy groups reported lower profits.
At 0717 GMT, the FTSEurofirst 300 index of top European shares was down slightly at 1,581.29 points, with the German DAX
Read more at Reuters Africa
At 0717 GMT, the FTSEurofirst 300 index of top European shares was down slightly at 1,581.29 points, with the German DAX
Read more at Reuters Africa
Eiffage, Lafarge, Michelin, Vallourec and Total: French Equity Preview
(Bloomberg) -- The following stocks may rise or fall on the Paris stock exchange today. Symbols are in parentheses after company names. Prices are from yesterday's close.
France's benchmark CAC 40 Index closed above 6000 for the first time in more than six years, gaining 14.15, or 0.24 percent, to 6004.28. The broader SBF120 Index rose 8.8, or 0.20 percent, at 4392.17. The last time the CAC 40 Index closed above that level was in December 2000.
Read more at Bloomberg Stocks News
France's benchmark CAC 40 Index closed above 6000 for the first time in more than six years, gaining 14.15, or 0.24 percent, to 6004.28. The broader SBF120 Index rose 8.8, or 0.20 percent, at 4392.17. The last time the CAC 40 Index closed above that level was in December 2000.
Read more at Bloomberg Stocks News
Capitol Energy, Nortel, Tim Hortons: Canadian Stock Market Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets. This preview includes news that broke after markets closed. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index gained 108.26, or 0.8 percent, to 13,687 in Toronto.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index gained 108.26, or 0.8 percent, to 13,687 in Toronto.
Read more at Bloomberg Stocks News
PetroChina's Shares Surge After Company's `Large' Oil Find at Bohai Bay
(Bloomberg) -- Shares of PetroChina Co., the nation's largest oil producer, jumped after the company announced an oilfield discovery that may be East Asia's largest in 33 years.
The stock climbed 12 percent, the biggest gain since the company's initial public offering in 2000. The deposit in eastern China's Bohai Bay has an estimated 1.02 billion metric tons of oil equivalent (about 7.5 billion barrels), Beijing- based PetroChina said in a statement late yesterday.
Read more at Bloomberg Emerging Markets News
The stock climbed 12 percent, the biggest gain since the company's initial public offering in 2000. The deposit in eastern China's Bohai Bay has an estimated 1.02 billion metric tons of oil equivalent (about 7.5 billion barrels), Beijing- based PetroChina said in a statement late yesterday.
Read more at Bloomberg Emerging Markets News
Copper Falls in Asia as Peru Government Seeks to End Mine Workers' Strike
(Bloomberg) -- Copper prices fell in Asian trade as Peru's government negotiated with mining unions to end a strike that threatens to disrupt global supplies of the metal and amid speculation that yesterday's gains may have been overdone.
The national mining strike in Peru, which began April 30, will end between today and tomorrow as talks are progressing, Labor Minister Susana Pinilla said in an e-mailed statement yesterday. Copper jumped 2.8 percent yesterday on signs of strengthening U.S. demand for the metal used in wires and pipes.
Read more at Bloomberg Commodities News
The national mining strike in Peru, which began April 30, will end between today and tomorrow as talks are progressing, Labor Minister Susana Pinilla said in an e-mailed statement yesterday. Copper jumped 2.8 percent yesterday on signs of strengthening U.S. demand for the metal used in wires and pipes.
Read more at Bloomberg Commodities News
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