QUARTERLY EARNINGS

A labourer carries coal in a basket to load it in a truck at a coal store in Chandigarh October 25, 2010. REUTERS/Ajay Verma/Files

Coal India Dec-qtr net jumps 54 pct

State-run miner Coal India posted a better-than-expected 54 percent rise in its December-quarter net profit, helped by strong production volumes and a price increase effected last February.  Full Article 

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Nickel falls 10 pct, metals rout gathers pace

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High-voltage power lines are pictured in front of a coal power plant in the western town of Nierderaussem February 10, 2012. REUTERS/Ina Fassbender

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SINGAPORE | Fri Oct 10, 2008 9:38am IST

SINGAPORE Oct 10 (Reuters) - London Metal Exchange nickel futures tumbled 10 percent on Friday to their lowest in just under three years as worries about a global economic meltdown sent investors running from industrial raw materials.

By 0358 GMT, London Metal exchange nickel MNI3=LX fell $1,250 to $12,150 a tonne, after dipping as low at $12,050, its weakest since November 2005.

LME copper MCU3=LX dropped 9 percent and Shanghai metals slumped by their downside limits after plunging equity markets fanned fears the world is heading for a deep and lasting economic downturn. (Reporting by Nick Trevethan; Editing by Kim Coghill)

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