Peru's economy grew 3.28% in July from the same month a year earlier, the second highest rate this year, due principally to healthy domestic demand and a slight rally in the mining sector, the government said on Sunday. The rate was in line with analysts' estimates in a Reuters poll. Peru is the world's No. 2 producer of copper, zinc and silver. .
Brazil-based lithium startup Sigma Lithium Resources Corp (SGMLF) has held talks with Tesla Inc (TSLA) and other automakers about supplying the key battery ingredient in the coming years, the company's chief executive said on Thursday.
German chemicals association VCI on Wednesday cut its full-year forecast for production and revenues, pointing to a difficult market in Germany and Europe and missing impulses from Asia and the United States. VCI said it now sees a decline in production of 6%, adding that revenues are expected to fall by 5.
Zambia should keep mineral royalties capped at 7.5% in the 2020 budget to safeguard the health of the mining sector and promote additional investment, the Chamber of Mines said on Tuesday. The mining body said in proposals submitted to the finance ministry that the 2019 mining tax regime had raised the tax burden on mines to unsustainable and uncompetitive levels.
India's federal cabinet on Wednesday approved further liberalizing of foreign direct investment rules in four sectors, in an effort to get economic growth back on track. The government approved foreign investment in digital media up to stakes of 26%, allowed 100% foreign investment for coal mining and contract manufacturing, and eased sourcing norms for single-brand retailers.
Canada's main stock index rose on Monday, powered by gains in energy shares as oil prices jumped after U.S. President Donald Trump said China was ready to negotiate on the trade dispute.
* MOODY'S SAYS COAL INDUSTRY OUTLOOK CHANGED TO NEGATIVE AS EXPORT PRICES WEAKEN. * MOODY'S SAYS EXPECTS COAL SECTOR EBITDA TO DECLINE MORE THAN 3% OVER THE NEXT 12 MONTHS. * MOODY'S SAYS LOWERED OUTLOOK FOR NORTH AMERICAN COAL INDUSTRY TO NEGATIVE FROM STABLE.
* Tokyo approves exports of photoresists to Samsung - sources. * S.Korean presidential official says uncertainties remain. * Foreign Ministers from Japan, Korea to meet in Beijing on Wed. * President Moon to nurture carbor fiber sector to cut Japan imports. By Hyunjoo Jin.
* Expects better earnings than a year earlier. * Posts 13% jump in quarterly adjusted net operating profit. * Australia's housing market contracting. * Interest rate cuts may help U.S. and Australia housing markets. By Nikhil Nainan and Shriya Ramakrishnan.
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