Category: Mining

Brazil narrows field to China, Russia, France for Angra 3 nuclear partner

WallStreetReview
Brazil narrows field to China, Russia, France for Angra 3 nuclear partner
BRASILIA (Reuters) – Brazil’s state nuclear power company Eletronuclear plans to complete its long-delayed Angra 3 plant by partnering with either China’s National Nuclear Corporation (CNNC), France’s EDF (EDF.PA) or Russia’s Rosatom, its president Leonam Guimaraes told Reuters. FILE PHOTO: President of Eletronuclear Leonam Guimaraes poses for a photo near of Angra Nuclear Power Plant complex during a media tour... Read More

Oil rises on surprise U.S. crude drawdown, prospect of OPEC action

WallStreetReview
Oil rises on surprise U.S. crude drawdown, prospect of OPEC action
HOUSTON (Reuters) – Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer U.S. crude stocks fell 1.7... Read More

Caterpillar cuts profit outlook as China construction sales slump

WallStreetReview
Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair for Construction Machinery, Building Material... Read More

Caterpillar cuts profit outlook as China sales slump

WallStreetReview
Caterpillar cuts profit outlook as China sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair for Construction Machinery, Building Material Machines, Mining... Read More

Oil slips as U.S. stocks rise; prospect of OPEC action supports

WallStreetReview
Oil slips as U.S. stocks rise; prospect of OPEC action supports
LONDON (Reuters) – Oil prices slipped toward $59 a barrel on Wednesday on data showing a bigger-than-expected rise in U.S. crude stocks, while the prospect of deeper output cuts by OPEC and its allies offered support. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Brent crude futures LCOc1... Read More

Caterpillar profit falls short on weak demand; cuts earnings outlook

WallStreetReview
Caterpillar profit falls short on weak demand; cuts earnings outlook
FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair for Construction Machinery, Building Material Machines, Mining Machines, Construction Vehicles and Construction Equipment in Munich, Germany, April 8, 2019. REUTERS/Michaela Rehle (Reuters) – Caterpillar Inc (CAT.N) fell short of Wall Street estimates for quarterly profit on Wednesday, hit by weak demand in its construction and mining equipment businesses, and... Read More

Caterpillar profit falls 13.5%; cuts 2019 profit outlook

WallStreetReview
Caterpillar profit falls 13.5%; cuts 2019 profit outlook
FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair for Construction Machinery, Building Material Machines, Mining Machines, Construction Vehicles and Construction Equipment in Munich, Germany, April 8, 2019. REUTERS/Michaela Rehle (Reuters) – Caterpillar Inc (CAT.N) reported a 13.5% fall in quarterly profit on Wednesday, hit by weak demand in its construction and resources units, and the company cut... Read More

Oil dips as U.S. stocks rise; prospect of OPEC action supports

WallStreetReview
Oil dips as U.S. stocks rise; prospect of OPEC action supports
LONDON (Reuters) – Oil prices declined on Wednesday, holding below $60 a barrel on data showing a bigger-than-expected rise in U.S. crude stocks, but the prospect of deeper output cuts by OPEC and its allies offered support. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Brent crude futures... Read More

Oil dips as U.S. stocks build; output cut prospects give support

WallStreetReview
Oil dips as U.S. stocks build; output cut prospects give support
SINGAPORE (Reuters) – Oil fell on Wednesday after climbing over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stocks, but the possibility of deeper output cuts from OPEC and its allies prevented a further decline. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22,... Read More

Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources

WallStreetReview
Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources
HONG KONG (Reuters) – Morgan Stanley (MS.N) has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO – Hong Kong’s second-largest this year – in an unusually brutal shuffling of banks’ roles on a big deal. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New... Read More