Basic Materials


UPDATE 3-Southern Copper hit by conflicting remarks on Peru mine's future

* Southern Copper CEO, Grupo Mexico say Tia Maria going ahead

1:46am IST

UPDATE 4-Dow Chemical to sell most chlorine assets in $5 bln deal

* Dow shares up 5 pct; Olin up 25 pct (Adds Breakingviews link, updates share prices)

12:16am IST

Major Holcim shareholder wants clarity on CEO in Lafarge deal

ZURICH, March 27 - A leading shareholder in Swiss cement group Holcim wants to know who will lead an enlarged group to be formed in a merger with France's Lafarge before it decides whether to back the deal.

27 Mar 2015

UPDATE 1-Macquarie to pay U.S. SEC $15 mln over China stock sale

March 27 - A unit of Australia's Macquarie Group Ltd will pay $15 million to settle U.S. Securities and Exchange Commission charges that it misled investors who bought shares of China's Puda Coal Inc in an offering it underwrote.

27 Mar 2015

UPDATE 1-German chemical industry agrees 2.8 pct pay rise

* Chemical workers deal below pay rise for engineering workers

27 Mar 2015
BSE OIL & GAS -1.54%
BSE-IT +0.52%
BSE AUTO +0.43%
BSE POWER -0.24%
BSE-FMCG -1.04%
BSE-CG +1.32%
BSE-HC -0.77%


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Sector Summary


Fed's Yellen sees gradual rate hikes starting this year

SAN FRANCISCO/WASHINGTON - Federal Reserve Chair Janet Yellen signalled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual.