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Chile Finance Minister says slowdown opens rate cut option - report
ReutersSANTIAGO, May 25 (Reuters) - A slowdown in Chile's robust growth has opened up the option of an interest rate cut to jolt the economy of the world's No. 1 copper producer, Finance Minister Felipe Larrain was quoted as saying in a local newspaper on...Tags: Chile, Weather Reports, Money and Monetary Policy, Central Bank, Non Ferrous Metal
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-REFILE-Freeport Indonesia union says 35-40 pct of workers resume work
ReutersJAKARTA, May 25 (Reuters) - Between 35 and 40 percent of workers at Freeport McMoRan Copper & Gold Inc's Indonesian unit returned to work on Saturday to carry out maintenance work after a training tunnel collapse that killed 28 people, a union official...Tags: Indonesia, Mining
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Freeport Indonesia union says mine shut but maintenance under way
ReutersJAKARTA (Reuters) - Between 35 and 40 percent of workers at Freeport McMoRan Copper & Gold Inc's Indonesian unit returned to work on Saturday to carry out maintenance work after a tunnel collapse that killed 28 people, a union official said. The...Tags: Indonesia, Natural Resource Industry, Gold and Precious Material, Career and Workplace, Unions
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U.S. dollar marks worst week versus yen in a year
ReutersNEW YORK (Reuters) - The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency. Some...Tags: Stamford, Consumer Confidence, France, Employment Opportunities, Economy, Business and Finance
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COMMODITIES-Biggest weekly loss in a month for oil; gold up on week
Reuters* Industrial commodities weighed down by shaky China demand * Brent crude oil down about 2 percent on week * Gold rises 2 pct on week, helped by conviction of more stimulus * Copper little changed on both the day and week By Barani Krishnan NEW YORK, May...Tags: China, Stamford, Federal Reserve, Thomson Corporation, Memorial Day
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GLOBAL MARKETS-Stimulus fears haunt share markets, dollar recovers
Reuters* Shares fall worldwide on worries of stimulus cutback * Dollar recoups losses, trades flat vs euro after U.S. data * Oil set for biggest weekly drop since mid-April By Herbert Lash NEW YORK, May 24 (Reuters) - Global equity markets edged lower on...Tags: Federal Reserve, Stock Activities, Financial Markets, Economy, Business and Finance, Nasdaq Composite
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Hulu Bid Pileup: Yahoo, KKR, Silver Lake Latest to Join the Fray
ReutersMay 24 (TheWrap.com) - Yahoo and private equity firms KKR and Silver Lake Management have all made bids to acquire Hulu, an individual with knowledge of the company told TheWrap. That brings the total number of bids to seven. Hulu owners Disney, News...Tags: Time Warner Cable Inc., Gold and Precious Material, Hulu, News Corp.
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ANALYSIS-Gold faces more pressure as inflation stays tame
Reuters* Gold ignores fresh easing from Japan, Australia, Euro zone * Inflation fears fail to materialise in short term * Rally in stock markets takes the shine off bullion By Jan Harvey LONDON, May 24 (Reuters) - Gold prices are looking even more vulnerable...Tags: Federal Reserve, Inflation and Deflation, Financial Markets, Economy, Business and Finance, Finance
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Disruptions tighten copper supply, surplus narrows
Reuters* Copper surplus forecast at 98,500 T in Reuters April poll * Some analysts scaling back forecasts after mining problems * Potential for labour strife in Chile ahead of elections By Melanie Burton and Eric Onstad SINGAPORE/LONDON, May 24 (Reuters) - A...Tags: Thomson Corporation, Elections, Indonesia, Non Ferrous Metal, Politics
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Analysis: Gold faces more pressure as inflation stays tame
ReutersLONDON (Reuters) - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialize. The idea that record-low interest rates would damage paper currencies...Tags: Federal Reserve, Inflation and Deflation, Financial Markets, Economy, Business and Finance, Finance
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Manufacturers turn up heat on LME over metals warehousing
Reuters* Complaints about queues, high surcharges gather pace * EC competition watchdog has received enquiry findings * US group says could withdraw support for LME contract By Susan Thomas LONDON, May 24 (Reuters) - Big industrial metals users are leaning...Tags: Business, Sales, Novelis Incorporated, Metal, Coca-Cola Co.
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Brazil delays mining bill, says to reach Congress in June
Reuters* Mining sector says languishing as new rules awaited * Quarter of expected Brazil mining investment on hold * Congress could shelve vote on bill By Leonardo Goy BRASILIA, May 23 (Reuters) - Brazil's government plans to submit its mining reform bill...Tags: National Government, Dilma Rousseff, Government, U.S. Congress, Petroleum Industry
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