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UPDATE 2-Gold miner Kinross forecasts brighter 2016 production, costs

TORONTO, Feb 10 Kinross Gold Corp, squeezed by slumping prices and production declines, expects to shake off a money-losing 2015 with record output and lower costs this year, the world's fifth-largest producer by output said on Wednesday.

5:04am IST

Miner Kinross reports bigger loss as production and prices drop

TORONTO, Feb 10 Kinross Gold Corp reported a bigger quarterly loss on Wednesday, as lower production and an ongoing slump in prices for the precious metal hurt the world's fifth-biggest producer by output.

3:37am IST

Sale of Italian steel giant Ilva draws 29 potential bidders

ROME, Feb 10 Some 29 companies or consortia have registered initial interest in buying all or part of the European Union's largest steel plant, Ilva, the company said on Wednesday.

3:02am IST

Congo opposition calls for general strike to make Kabila stand down

KINSHASA, Feb 10 Opposition leaders in Democratic Republic of Congo called for a general strike next Tuesday to press President Joseph Kabila to step down when his mandate expires at the end of the year.

1:42am IST

Gold investors boost bullish options bets

NEW YORK, Feb 10 Gold option volatility surged to the highest in more than a year as investors have placed new bullish bets that prices will extend their recent rally to multi-month highs amid greater appetite for safe-haven assets and global economic concerns.

1:27am IST
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With TPP advancing, India pins hopes on China-backed trade bloc

NEW DELHI India, concerned at being sidelined from the U.S.-led Trans-Pacific Partnership (TPP), is stepping up efforts to reach agreement with an alternative trade bloc centred around China, and hopes to reach a deal this year.