Marubeni gets $3 billion from Gavilon grain business sale

TOKYO, Oct 4 (Reuters) – Japanese trading company Marubeni Corp (8002.T) said on Tuesday it had so far received $3 billion from the sale of US unit Gavilon’s grain business to commodities trader Glencore Plc’s (GLEN.L) Viterra arm. Under the deal, which was announced in January and completed on Monday, Marubeni had received $3 billion … Read more

Carbon recycler LanzaTech strikes financing deal with Brookfield

NEW YORK, Oct 3 (Reuters) – Carbon recycler LanzaTech NZ Inc has struck a deal with Brookfield Renewable Corp (BEPC.N) for a $500 million commitment by the investment firm to finance upcoming projects using LanzaTech’s technology, the companies told Reuters. The cash from Brookfield, provided through its Global Transition Fund, will be used to construct … Read more

Analysis: Under water: how the Bank of England threw markets a lifeline

Bank of England bought bonds after pension fund pleas Some UK pension funds faced problematic margin calls BoE support seen as giving window to build collateral British government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England saying some British pension funds were struggling to meet margin … Read more

Peru proposes ‘new approach’ to mining to combat economic disparities, conflicts.

LIMA, Sept 30 (Reuters) – Peru’s government proposed on Friday “a new approach” for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts in the country in recent months. Prime Minister Anibal Torres said during a conference between executives of large mining firms that the new … Read more

Continental finds hose testing lapses, halts relevant sales

Register now for FREE unlimited access to Reuters.com Register BERLIN, Sept 26 (Reuters) – German tire and automotive parts maker Continental (CONG.DE) on Monday reported shortcomings in the testing of industrial hoses at its ContiTech site in Korbach in the state of Hesse. There were no indications of any irregularities in hoses in use by … Read more

IHC’s $2.15 bln Nutresa bid boosts shares in Colombian conglomerate GEA’s companies

The logo of Nutresa is seen in Medellin, Colombia June 26, 2019. Picture taken June 26, 2019. REUTERS/Luis Jaime Acosta/File Photo Register now for FREE unlimited access to Reuters.com Register BOGOTA, Sept 21 (Reuters) – Shares in companies that are part of Colombia’s largest conglomerate GEA rose on Wednesday after Abu Dhabi-based investor International Holding … Read more

JPMorgan, ICBC Standard pull back from China metal financing, Bloomberg reports

Aluminum ingots are seen outside a warehouse that stores London Metal Exchange stocks in Port Klang Free Zone, outside Kuala Lumpur, March 23, 2015. REUTERS/Olivia Harris/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 16 (Reuters) – JPMorgan Chase & Co and ICBC Standard Bank Plc are cutting back on financing China’s … Read more

Evonik targets EV battery recycling, food tech in innovation drive

The logo of German specialty chemical company Evonik Industries AG is pictured at their plant in Bitterfeld, Germany, February 29, 2016. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register GDANSK, Sept 15 (Reuters) – Germany’s Evonik Industries is working on ways to help recycle lithium from electric car batteries and limit the … Read more

China warns coal companies against dual contracts, keep prices stable

Chimneys of coal-fired power plant are seen next to residential houses at night in Shijiazhuang, Hebei province, China, January 28, 2015. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register BEIJING, Sept 15 (Reuters) – China’s state economic planner on Thursday warned coal companies operating at ports in the Bohai Bay region … Read more

Analysis: Industrial users flee LME nickel, deepening market fissures

Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. REUTERS/Simon Dawson/File Photo Register now for FREE unlimited access to Reuters.com Register Nickel deliverable against LME contract only 21% of market Nickel pig iron 50% of global market LONDON, Sept 14 (Reuters) – The London Metal Exchange faces a … Read more