Market Pulse - Commodities
WTI drops after large build in US inventories last week
US oil and product stockpiles jumped last week, amid a small increase in net imports and higher domestic output.
Jefferies sticks to 'buy' on BP, says gearing can come down
Analysts at Jefferies reiterated their 'buy' recommendation and 600p target price for oil giant BP's shares on Wednesday, pointing to the potential for the company to lower its gearing and highlighting the success of its downstream activities.
Venezuelan leader Maduro claims to have defeated US-backed coup
Venezuelan President Nicolas Maduro on Wednesday claimed to have defeated an attempted coup which he blamed on the nation's far right and its support from the "deranged" US government.
Bushveld Minerals to acquire South African vanadium assets
Vanadium producer Bushveld Minerals agreed to purchase multiple South African production assets from Duferco for an aggregate cash consideration of $68m.
Rate of decline in South Korean exports eases in April
The rate of decline in South Korean exports eased last month, and although shipments to China continued to fall, some economists sounded a more or less sanguine note on the outlook.
US-China trade talks 'productive', America's Mnuchin says
The latest trade talks between the US and China in Beijing went well, a top US official said on Wednesday.
Sirius Minerals raises $425m for polyhalite mine project
Sirius Minerals on Wednesday confirmed that it has successfully raised $425m to finance the next stage of development of its Woodsmith polyhalite mine in North Yorkshire.
Agarwal clashes with Anglo American board over new director
Anglo American’s biggest shareholder Anil Agarwal has voted against a new Brazilian board member in a clash over strategy with the mining company’s board.