Basic Materials


UPDATE 1-Mexico's Penoles profit up on gold production

MEXICO CITY, Aug 4 - Mexican miner Penoles said on Tuesday its net profit rose 42.5 percent in the second quarter as gold production increased and net financial costs fell.

04 Aug 2015

UPDATE 1-Tata Steel spins out long products into standalone unit

LONDON, Aug 4 - Tata Steel has spun out its long products unit making items such as plates, sections and wire rods into a standalone business to better pursue strategic options, after the reported withdrawal of Klesch Group from talks to buy the division.

04 Aug 2015

U.S. farm, consumer groups aim to block Monsanto bid for Syngenta

Aug. 4 - Several U.S. farm and consumer groups are working on strategies to derail a proposed tie-up of Monsanto Co and agricultural seeds and chemicals rival Syngenta AG, saying a combination of the market leaders would spell fewer and higher-priced products.

04 Aug 2015

UPDATE 2-Fertilizer maker Mosaic beats quarterly profit estimates

Aug 4 - U.S. fertilizer company Mosaic Co reported a much higher-than-expected quarterly profit on Tuesday, helped by strong phosphates sales and improved potash prices.

04 Aug 2015

UPDATE 3-S.Africa orders Glencore to shut coal mine over job cuts

* Firm starts business rescue on S.African mine (Adds Anglo American comment on coal supply contracts)

04 Aug 2015
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Sector Summary


RBI holds rates, leaves door open for more easing

MUMBAI - The Reserve Bank of India (RBI) kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates.