S&P Global ratings on
Wednesday released its first scorecard for metals and mining
companies that rates them on their environmental, social and
governance (ESG) credentials, an area of increasing ...
The spreading coronavirus outbreak will hit Canada's already struggling energy industry, Finance Minister Bill Morneau said on Monday, just as Ottawa is set to decide the fate of a major new oil sands project. Morneau told a business audience in Calgary that prices for crude - one of Canada's major exports - had dipped by 15% on lower demand since the outbreak started in China.
Industrial gases maker Linde will open a new plant in Florida to meet growing demand from the space industry there, the U.S.-German company said on Wednesday. The new air separation unit will double the capacity of Linde's existing plant in Florida, Linde said, adding the plant would also serve healthcare, manufacturing, food processing and water treatment customers in the southern U.S. state.
* Jan manufacturers' sentiment index -6, unchanged from Dec. * Service-sector index +14 in Jan, flat vs Dec. * Manufacturers' mood seen up ahead, service sector down. * Reuters Tankan closely correlates with BOJ tankan. By Tetsushi Kajimoto.
Peru's economic activity grew 1.86% year-on-year in November, the government said on Wednesday, its lowest rate since May, as an uptick in the key mining sector failed to counteract a slump in manufacturing and construction. The expansion was below forecasts from a Reuters survey, which estimated 2.0% growth for the month.
* ShFE Volumes by Contract: https://tmsnrt.rs/2QVy54Q. By Andy Home. Base metals trading volumes shrank on all three major global exchanges last year as trade war uncertainty and range-bound markets dampened speculative activity. 'Doctor Copper' has long been a favourite metallic play among punters and sliding volumes were symptomatic of a sector that was largely out of favour with the money men.
Major infrastructure projects recently announced by Mexico's government and the private sector could next year pull the construction industry out of a protracted slump, though the boost to the economy is unlikely to be significant. Representing some 7.5% of total economic output, construction has contracted for 16 consecutive months, dragging down the economy which has stagnated this year.
Japan's Nikkei share average jumped to a 14-month high on Friday, with semi-conductor-related shares extending their rally, after sources said Washington and Beijing had reached a trade deal in principle. The Nikkei 225 index surged 2.28% to 23,954.99, hitting its highest levels since October last year. The index made a decisive break above a resistance around 23,600.
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.
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.
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