Hints and tips:
...ArcelorMittal, the world’s second-biggest steel producer, which owns a large plant at Kryvyi Rih in the south, has also been able to restart work after the industry all but ground to a halt when the invasion...
...More than 60 per cent of the metal is mined in the Democratic Republic of Congo, one of the most unstable parts of the world....
...ATL Aero, based in Bournemouth on Britain’s south coast, is considering setting up an office within the EU as well as registering as an EU-based company....
...“This does bring to light again growing Chinese debt, and the continued risk that the government takes action to limit credit, and the negative impact this could have on metals demand,” Mr Patterson said...
...The Euro Stoxx 600 is up 0.5 per cent, Frankfurt’s Xetra Dax 30 is 0.7 per cent higher and London’s FTSE 100 is up 0.4 per cent, held back by a sluggish showing for precious metals stocks....
...Those concerns weighed on metals prices, with the likes of copper, lead and zinc leading declines on the London Metal Exchange on Monday....
...Prices for most base metals in London rallied on Monday thanks to the weaker greenback, as did gold, which was sitting 0.4 per cent higher on Tuesday at $1,278.70 an ounce....
...The pan-European Stoxx 600 is up 0.5 per cent at the open as the mining sector adds 2 per cent amid strength in base metals. US index futures suggest the S&P 500 will advance by 0.1 per cent to 2,069....
...However, problem borrowers are so far concentrated in the oil and gas and metals and mining industries....
...Noble said it was confident the S&P downgrade would not have a “material impact” on its business, despite many traders saying an investment grade rating is essential in a fiercely competitive industry that...
...South Korea’s markets took a more stoic approach to the news from the North....
...“The risk of the US going over the fiscal cliff, which could have a major impact on stocks and foreign exchange around the year-end, remains....
...The deal, funded from internal resources, would have no impact on earnings per share this year, it added....
...“[The impact] is also quite significant for all the other countries who want to respect Kyoto,” she says....
...Bangkok ended a shade lower as investors remained concerned about the potential impact of an outbreak of violence in the south of Thailand....
...This tempered the impact of bid fever, which is stoking the London equity market and pushed Barclays and Lloyds TSB higher....
International Edition