Basic Materials


UPDATE 2-Freeport shares soar as Icahn execs gain seats on miner's board

Oct 7 - U.S. miner Freeport-McMoRan Inc said on Wednesday it will add two new directors to its board under an agreement with billionaire Carl Icahn, bowing to pressure from the activist investor, who is the company's largest shareholder.

12:31am IST

UPDATE 4-Monsanto slashing 2,600 jobs, buying back shares as sales fall

(Adds background on rivals hurt by agricultural slump) By Carey Gillam Oct 7 - Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss and gave an outlook below many analysts' expectat

07 Oct 2015

Eletrobras' corruption probe zeroes in on Brazilian dams

SAO PAULO, Oct 7 - A commission hired by Brazil's state-run energy utility Eletrobras to probe possible violations of U.S. and Brazilian anti-corruption laws involving the company is studying three Amazonian dam projects and a nuclear power plant, two sources familiar with the investigation said.

07 Oct 2015

COLUMN-Copper's outlook may be rosier than you thought: Andy Home

LONDON, Oct 7 - German copper producer Aurubis has just rung the bell on the start of the "mating season", the annual negotiation of term contracts for shipments in the following year.

07 Oct 2015

Alcoa wins $1.1 bln contract for Lockheed's F-35 fighter jets

Oct 7 - Alcoa Inc said it had got a contract to supply titanium to Lockheed Martin Corp's F-35 Lightning II aircraft.

07 Oct 2015
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Exclusive - Modi pushes "obsolete" made-in-India plane on reluctant military

NEW DELHI - India's government has turned down the military's request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making.