LONDON (Alliance News) - Glencore Xstrata said Monday it has agreed to sell its interest in the Las Bambas copper project in Peru to a Chinese consortium including MMG, Guoxin International Investment Corp and CITIC Metal Co for USD5.85 billion in cash. The deal is part of an agreement to w Read More
LONDON (Alliance News) - UK stocks are set to open firmly lower Monday, following another sharp sell-off on Wall Street on Friday and a weak Asian session overnight, and as increasing tensions in Ukraine are also likely to hurt investor sentiment. Wall Street continued its recent down trend Read More
BEIJING (Alliance News) - Swiss commodities trader and miner Glencore Xstrata PLC agreed Monday to sell its interest in the Las Bambas copper project in Peru to a Chinese consortium including MMG Ltd. (1208.HK), Guoxin International Investment Corp. Ltd. and CITIC Metal Co. Ltd. for USD5.85 billi Read More
LONDON (Alliance News) - The chief executive of Chilean mining company Antofagasta PLC told Reuters on Monday that despite the market for copper facing its first supply glut in four years, the price of copper may have found a bottom. Chief Executive Diego Hernandez said the worst of the wor Read More
LONDON (Alliance News) - Ruspetro PLC Friday said its pretax loss widened significantly in 2013 as costs offset improved production and revenues during the period. The oil and gas development and production company with operations in Russia said its pretax loss widened to USD74.8 million fr Read More
LONDON (Alliance News) - Antofagasta PLC Wednesday said shipments and operations have not been delayed and there has been no damage to its operations following the major earthquake in northern Chile. A spokesman for the Chile-focused copper giant said that its four operating mines in the c Read More
LONDON (Alliance News) - <strong>Marks and Spencer</strong> Group PLC is planning to open 250 new stores outside the UK over the next three years, as part of its global expansion plans.<br /><br />M&S currently operates a total of 455 stores in 53 territories outside the UK, as well as nin Read More
LONDON (Alliance News) - BP PLC Wednesday announced that it intends to halt refinery operations at its major Bulwer Island refinery in Brisbane, Australia by mid-2015, as the Australian operations of major commodities players continue to struggle. The oil and gas major said the growth of ve Read More
LONDON (Alliance News) - BP PLC Wednesday announced that it intends to halt refinery operations at its major Bulwer Island refinery in Brisbane, Australia by mid-2015, as the Australian operations of major commodities players continue to struggle. The oil and gas major said the growth of ve Read More
LONDON (Alliance News) - The FTSE 100 closed modestly higher Friday, ensuring that the index closed the week in positive territory for the second week in a row, but was prevented from pushing even higher by another disappointing performance by the FTSE 350 life insurance sector index, which ended Read More
LONDON (Alliance News) - The life insurance sector was dragging down UK stock indices again Friday after the UK Financial Conduct Authority said it is set to begin an inquiry into up to 30 million policies sold from in the years prior to 2000.<br /><br />The FTSE 350 sector is down 5.0% in rea Read More
LONDON (Alliance News) - The following is a summary of top news stories Friday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Capital & Counties</strong> <strong>Properties</strong> PLC said it has formed a joint venture with Transport for London that will al Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.<br /><br />-------<br /><br /><strong>FTSE 100 - WINNERS</strong><br /><br /><strong>Glencore Xstrata</strong>, up 1.9%, Anglo American, up 1.6%, and Rio Tinto, up 1.4 Read More
LONDON (Alliance News) - UK shares have opened higher Friday, as a consumer confidence survey has reinforced positive sentiment from strong UK retail sales figures released on Thursday.<br /><br />British consumer confidence hit its highest level since August 2007 on upbeat general economic an Read More
LONDON (Alliance News) - Ruspetro PLC Friday said it has signed a further crude oil prepayment facility with Glencore Energy UK Ltd, a subsidiary of Glencore Xstrata PLC, for USD30 million. The Russian oil and gas company said the deal renews and replaces its existing prepayment facility wh Read More
LONDON (Alliance News) - UK regulators have now confirmed they will investigate whether the country's major energy companies are preventing effective competition in the market, a decision that prompted British Gas parent Centrica to warn that the review could delay crucial investments in new i Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.<br /><br />-------<br /><br /><strong>FTSE 100 - WINNERS</strong><br /><br /><strong>Old Mutual</strong>, up 0.5%. The group has agreed to sell Skandia Germany and S Read More
LONDON (Alliance News) - Glencore Xstrata PLC said Thursday it is planning to suspend operations at its Ravensworth underground coal mine in Australia, after a major fall in coal market prices. A spokesman for the miner said it was no longer financially viable to operate the mine due to low Read More
LONDON (Alliance News) - Caracal Energy Inc Monday said that the first shipment of oil from its Badila field for export has been loaded at the Kribi sea terminal, offshore Cameroon. The oil and gas exploration and development company said the total cargo size of the lifting was roughly 950, Read More
LONDON (Alliance News) - UK Chancellor of the Exchequer George Osborne is expected Wednesday to again hail the country's continuing economic recovery whilst reiterating that yet more needs to be done to ensure it is sustained. <br /><br />In his annual budget speech, which starts at 1230 GMT, Read More