26
| Glencore and Xstrata agree $90bn deal |
|
Investment groups Standard Life and Schroders led a backlash against the proposed $90bn tie-up between Glencore and Xstrata
|
| Strong currencies hurt commodity producers |
|
Viewed from the perspective of the Aussie dollar, rand, real or rouble, the markets are moving in a different direction
|
| Italy hit by shortage of Russian gas |
|
Cold weather and reductions in supplies from Europe have put strain on the gas systems across the continent
|
| Saudis risk Iranian anger over crude flow |
|
European refiners have started to cut reliance on Iran oil ahead of embargo deadline, halting spot purchases or stopping all trade
|
| Brent crude oil breaks three-month high |
|
Cold winter weather in Europe and Russia and production problems in Africa help push up price but US benchmark fails to see similar uplift
|
| Shipowner pays Glencore to use vessel |
|
An agreement to pay to carry grain from Japan via Australia to Europe highlights the depth of slump in the dry bulk shipping rate
|
| Anadarko shows exploration programme success |
|
Oil company booked 392m barrels of oil equivalent to its reserves last year, equivalent to 159 per cent of its production
|
| Glencore to pay premium for Xstrata deal |
|
Investors in Xstrata would receive 2.8 Glencore shares for every share in the mining group they hold
|
| Sudan rebels signal Chinese hostages’ release |
|
Insurgents who kidnapped 29 road builders from the South Kordofan state last month say they will be released ‘in the very near future’
|
| Randgold to spend $1bn developing mines |
|
Gold miner seeks to double dividend as increased production of the precious metal combined with high prices more than trebled annual profits
|