Market Pulse - Commodities
Rio Tinto defends Mongolian expansion amid legal spat
Rio Tinto strongly refuted claims that any agreements relating to its $5. 3bn Oyu Tolgoi underground copper mine in Mongolia are illegal.
Berenberg ups target price on Jadestone Energy
Analysts at Berenberg upped their target price on upstream oil and gas firm Jadestone Energy on Tuesday following the group's acquisition of a 69% working interest in the Maari project in the Taranaki Basin, offshore New Zealand.
ITM Power inks collaboration agreement with Iwatani
Energy storage and clean fuel company ITM Power has signed a collaboration agreement with Iwatani Corporation of America, a wholly-owned subsidiary of Japan's Iwatani.
Fifteen countries outside the EU ask for Brexit trade compensation
Fifteen countries including Australia, the US, India and New Zealand have asked for trade compensation from the UK and the EU over the economic hit caused by Brexit.
US pre-open: Stocks set for slight gains ahead of barrage of economic data
Stocks on Wall Street are being called to start the Friday session with small gains following upbeat remarks from a top White House official.
ShoreCap stays at 'buy' on AstraZeneca after EU approves Qtrilmet
Analysts at ShoreCap reiterated their 'buy' recommendation on shares of AstraZeneca following news that Brussels had approved its Qtrilmet treatment for controlling blood sugar levels in patients suffering from Type-2 diabetes.
Cannacord cuts Weir Group target due to extended weakness in oil and gas sector
Analysts at Cannacord Genuity cut their target price on shares of Weir Group to reflect to reflect a now more sombre outlook for only a "modest recovery over an extended period" in the company's oil and gas operations.
US-China trade talks near successful conclusion, White House's Kudlow says
Trade talks between Washington and Beijing are nearing a successful conclusion and are now ongoing on a daily basis, the White House's top economic official said.
Canaccord drops Tullow Oil to 'speculative buy'
Analysts at Canaccord Genuity lowered their rating on Tullow Oil from 'buy' to 'speculative buy' on Thursday following a disappointing trading update from the firm in the previous session.
Saudi Arabia is 'running out of money' and needs funding from IPO
Saudi Arabia is slowly running out of money and needs the funds from the upcoming stock market listing of a small portion of state oil giant Saudi Aramco in December to finance its reform push, a former head of America's Central Intelligence Agency said.
JP Morgan stays 'overweight' on CCH, highlights firm's 'confident' tone on outlook
Analysts at JP Morgan reiterated their 'overweight' stance on shares of Coca-Cola Hellenic Bottling despite the bottler's recent 'miss' on third quarter volumes.
US pre-open: Stocks set to dip with trade talks still in focus
US futures had stocks opening lower on Thursday as market participants continued to be mainly focussed on trade developments between the world's two largest economies.
Chinese economy continued to lose momentum in October
Economic activity in the People's Republic of China continued to slow down in October, pointing to at least further mild policy easing from the country's central bank before the end of the year and an economy that was heading into 2020 with scant momentum.
Burger King partners with Unilever to market plant-based Whoppers in Europe
Burger King announced on Monday that it will roll-out a meat-free version of its Whopper burger in 25 European countries in a partnership with Unilever.
BP CEO asks environmentalists to be 'realistic', saying fossil fuels industry is 'vital'
Bob Dudley, outgoing BP CEO said at ADIPEC in Abu Dhabi on Monday that fossil fuels companies’ efforts to secure a lower carbon future are realistic and called for environmental campaigners to remember how vital the current energy mix is to millions of people.
British Airways faces criticism for emitting more CO2 by 'fuel tankering'
British Airways and other airlines have been criticised for “fuel tankering” to save on costs but at the price of higher carbon emissions.
Eco Animal Health slumps on profit warning
Veterinary pharmaceuticals developer Eco Animal Health issued a profit warning on Monday, saying it was hit hard by a recent outbreak of the fatal African swine fever across China and the lingering effects of the US' protracted trade war with the Asian nation.
China and the US agree to phase out tariffs as part of phase one deal
Chinese and US officials agreed to phase out the tariffs previously imposed on each other’s goods, a Chinese Ministry of Commerce spokesman said.
RBC reiterates 'underperform' on Imperial Brands, expects dividend cut
Analysts at RBC reiterated their 'underperform' recommendation for shares of Imperial Brands, telling clients that the company still had more to do to clean up its accounting and that they were expecting the dividend to be cut during the current financial year.
OPEC forecasts lower oil demand growth as its market share shrinks
The Organization of Petroleum Exporting Countries announced in their annual World Oil Outlook that it has lowered its long-term forecasts for global oil demand growth even as its own market share dwindles.