(Bloomberg) -- Nickel advanced to a record in London on speculation measures taken by the state government of Western Australia to detect pollution will disrupt shipments of the metal. Lead also rose to its highest ever.
A 20,500 metric-ton shipment of nickel concentrate from LionOre Mining International Ltd. and Jubilee Mines NL, scheduled to leave Australia's Esperance Port tomorrow, will be monitored. Western Australia state's Department of Environment and Conservation said today it will stop the ship loading should odor or dust be detected. Concentrate is shipped to smelters.
Read more at Bloomberg Commodities News
Friday, May 4, 2007
PetroChina Shares Jump on China's Biggest Oil Discovery in Half a Century
(Bloomberg) -- Shares of PetroChina Co., the nation's top oil producer, jumped after the company announced China's biggest discovery in half a century.
The stock climbed as much as 16.4 percent, the largest gain since the company's initial public offering in 2000 and giving the group a market value of HK$1.82 trillion ($232.7 billion). The deposit in northeastern 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 yesterday.
Read more at Bloomberg Emerging Markets News
The stock climbed as much as 16.4 percent, the largest gain since the company's initial public offering in 2000 and giving the group a market value of HK$1.82 trillion ($232.7 billion). The deposit in northeastern 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 yesterday.
Read more at Bloomberg Emerging Markets News
GLOBAL MARKETS-Europe shares hit 6-1/2 yr peak, dollar up
(Reuters) - Oil was slightly higher, recouping losses made after concerns eased about disruptions to Nigeria's production, while gold was little changed, staying below $700 an ounce.
All eyes were on U.S. April payrolls data at 1230 GMT, which have been expected to show the U.S. economy generated 100,000 jobs. But a closely-watched derivatives auction showed investors may now be looking for a lower number, which could boost expectations of an interest rate cut this year.
Read more at Reuters.com Economic News
All eyes were on U.S. April payrolls data at 1230 GMT, which have been expected to show the U.S. economy generated 100,000 jobs. But a closely-watched derivatives auction showed investors may now be looking for a lower number, which could boost expectations of an interest rate cut this year.
Read more at Reuters.com Economic News
American Dougan Must Emulate German Orphan Gruebel as Credit Suisse Chief
(Bloomberg) -- When Brady Dougan takes over Credit Suisse Group today, he'll be the first American to run the Zurich-based bank and the only chief executive officer in a decade to succeed someone who wasn't ousted.
Dougan, 47, follows Oswald Gruebel, a 63-year-old German, who doubled Credit Suisse's earnings since 2004. Unlike his three predecessors who had to craft strategies to repair missteps made by the person they replaced, Dougan's challenge will be to avoid making mistakes.
Read more at Bloomberg Exclusive News
Dougan, 47, follows Oswald Gruebel, a 63-year-old German, who doubled Credit Suisse's earnings since 2004. Unlike his three predecessors who had to craft strategies to repair missteps made by the person they replaced, Dougan's challenge will be to avoid making mistakes.
Read more at Bloomberg Exclusive News
FTSE up on flurry of M&A activity, US data eyed
(Reuters) - The FTSE 100 of Britain's leading shares was up 0.2 percent on Friday ahead of the UK holiday weekend, as a strong performance overnight in Asia and M&A activity supported the UK markets.
At 0724 GMT the UK benchmark index was up 9.6 points, or 0.2 percent, at 6,547.4 after hitting over a six-year high in the previous session.
Read more at Reuters Africa
At 0724 GMT the UK benchmark index was up 9.6 points, or 0.2 percent, at 6,547.4 after hitting over a six-year high in the previous session.
Read more at Reuters Africa
Nickel Futures Advance to Record in London; Lead Increases to Highest Ever
(Bloomberg) -- Nickel advanced to records in London as the state government of Western Australia said it will monitor a shipment in an investigations that has curbed lead exports. Lead also rose to its highest ever.
A 20,500 metric-ton shipment of nickel concentrate from LionOre Mining International Ltd. and Jubilee Mines NL, scheduled to leave Australia's Esperance Port tomorrow, will be monitored. Western Australia state's Department of Environment and Conservation said today it will stop the ship loading should odor or dust be detected. Concentrate is shipped to smelters.
Read more at Bloomberg Commodities News
A 20,500 metric-ton shipment of nickel concentrate from LionOre Mining International Ltd. and Jubilee Mines NL, scheduled to leave Australia's Esperance Port tomorrow, will be monitored. Western Australia state's Department of Environment and Conservation said today it will stop the ship loading should odor or dust be detected. Concentrate is shipped to smelters.
Read more at Bloomberg Commodities News
Indonesian Rupiah at Four-Month High as Demand for Stocks, Bonds Increases
(Bloomberg) -- Indonesia's rupiah strengthened to the highest in four months against the dollar as overseas investors increased purchases of the nation's stocks and bonds.
The rupiah led gains among the 15 most-actively traded Asia Pacific currencies this week as the country's equity index reached a record and 10-year bonds gained for a 14th day. The central bank sees a ``strong possibility'' of an interest-rate cut next week, Deputy Governor Hartadi Sarwono said, spurring speculation lower borrowing costs will help boost economic growth.
Read more at Bloomberg Currencies News
The rupiah led gains among the 15 most-actively traded Asia Pacific currencies this week as the country's equity index reached a record and 10-year bonds gained for a 14th day. The central bank sees a ``strong possibility'' of an interest-rate cut next week, Deputy Governor Hartadi Sarwono said, spurring speculation lower borrowing costs will help boost economic growth.
Read more at Bloomberg Currencies News
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