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Glencore announces $1 bn share buyback days after probe

Glencore Plc will buy back as much as $1 billion of its shares, a move that may soothe investor concerns after the world’s top commodity trader was hit by a U.S. Department of Justice probe earlier this week.

Bloomberg News | July 5, 2018 | 1:54 pm

Automaker shares soar on U.S. proposal to eliminate tariffs

Shares in European carmakers are having their best trading day in two years after a U.S. official floated a proposal to eliminate vehicle-import tariffs on both sides of the Atlantic.

Bloomberg News | July 5, 2018 | 1:07 pm

Thyssenkrupp CEO asks to step down, board to meet on Friday

After two years of at times fraught talks, the two steel firms last Saturday signed an agreement to create Europe's second-largest steelmaker.

Bloomberg News | July 5, 2018 | 12:45 pm

Iron ore slides to seven-month low as trade war fears mount

Iron ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the U.S. and China.

Bloomberg News | July 5, 2018 | 12:38 pm

First Quantum given time to solve $7.9 bn Zambian tax row

First Quantum, which operates the Kansanshi and Kalumbila mines in the country, accounted for more than half of Zambia’s copper production last year and is the biggest individual taxpayer.

Bloomberg News | July 5, 2018 | 11:47 am

Steel making raw materials hit multi-week lows in China on trade woes

Prices of steelmaking raw materials dropped to multi-week lows on Thursday as a festering trade row between China and the United States kept risk appetite low.

Reuters | July 5, 2018 | 11:28 am

Thermal coal prices hit 6-year high

Seaborne price for coal used in electricity generation scales $120 a tonne as South Africa diverts exports for domestic use and Asian demand spikes.

Frik Els | July 5, 2018 | 11:16 am

Eramet searches for lithium deposits in Chile, Argentina, Brazil – CEO

"Our priority is to develop our existing lithium deposit in Argentina. But we are also looking for other deposits in Chile, Argentina and Brazil,"- Eramet Chief Executive Officer Christel Bories

Reuters | July 5, 2018 | 10:59 am

Renault, PSA unveil plans for electric-car services in Paris

Renault SA and rival French automaker PSA Group unveiled plans for new electric car-sharing services in Paris just days after Mayor Anne Hidalgo pulled the plug on an operation backed by Bollore SA.

Bloomberg News | July 5, 2018 | 10:32 am

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