The materials sector has lagged behind the broader S&P 500 this year, and some investors fear that will continue as trade tensions with China drag on. The segment, which includes chemicals, construction materials, packaging and metals companies, is particularly exposed to the global economy. While some companies have grappled with weather and other individual problems, the continuing uncertainty over the trade war is dampening expectations for the world-wide growth that...
Harsco Corporation (HSC) announced today that its Environmental division has joined ArcelorMittal, Daimler, BMW and others in the worlds first sustainability standard for the steel industry.
German chemicals industry group VCI expects a minimal increase in sales and production in 2020 after a weak economy and trade disputes hurt growth this year, it said Tuesday. VCI expects a slight increase in German chemicals production of 0.5% in 2020, driven by 2.0% growth in the pharmaceutical sector. Sales are also forecast to rise 0.5% to 194 billion euros.
Brazil's main steel industry body said on Monday that it was "perplexed" by U.S. President Trump's decision to restore tariffs on Brazilian steel and aluminum, calling the move "retaliation" and saying that the Brazilian government was not artificially devaluing its real currency.
French insurer AXA SA (AXAHF) on Wednesday said that it will exit the coal industry in the European Union and Organization for Economic Cooperation and Development countries by 2030, and the rest of the world by 2040, to align itself with the Paris Agreement on climate change. The insurer, which announced its divestment from the coal industry four years ago, said its new coal investment policy tightens existing restrictions on underwriting. It said it will publish annual updates on its...
Ethiopia vowed on Monday to remove barriers to investment in its mining sector, focusing efforts on minerals used in agriculture and construction which will help drive its industrialisation.
Japanese stocks rose on Monday by the most in three weeks as investors turned optimistic about the chance that the United States and China will reach an agreement to de-escalate their trade war. At 0142 GMT the Nikkei index was up 0.88% to 23,315.15 as exporters in the industrial equipment sector and the IT sector led the advance, because they benefit from an increase in overseas demand.
Japanese shares gained on Friday as cautious optimism about the prospect of the United States and China reaching a trade agreement lifted investors' risk appetite. The Nikkei index ended up 0.32% at 23,112.88 points as exporters in the IT sector and the industrial equipment sector paced gains.
Japanese shares edged higher on Friday as cautious optimism about the prospect of the United States and China reaching a trade agreement lifted investor risk appetite. At 0150 GMT the Nikkei index rose 0.61 % to 23,178.77 as exporters in the IT sector and the industrial equipment sector paced gains.
* Government may cut upfront payments of 10% of asset value. * October auctions to domestic miners get tepid response. * Russian companies show "aggressive" interest -ministry official. By Sudarshan Varadhan and Melanie Burton.
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