Basic Materials

  • PRECIOUS-Gold dips, but 2.15 pct weekly rise biggest in a month Reuters Australia - Sat, May 25, 2013 5:27 AM AEST

    * Gold boosted this week by drop in stock markets, falling dollar * Fed official dampens talk Fed policy may soon tighten * Largest physical gold fund sees fresh outflow (Recasts, updates prices, adds ...

  • UPDATE 7-Brent rises on refinery outage, short covering Reuters Australia - Sat, May 25, 2013 4:04 AM AEST

    * Coming up: Commitment of traders data at 4:30 p.m. EDT * St. John's gasoline unit outage supports prices (Updates prices) NEW YORK, May 24 (Reuters) - Oil prices rose in late afternoon trading in New ...

  • UPDATE 6-Oil lower on specter of Fed policy, ample U.S. supply Reuters Australia - Sat, May 25, 2013 1:22 AM AEST

    * Shrinking factory activity in China limits oil demand growth * Rosy US economic data raise worries Fed may end stimulus soon * Gasoline demand over US summer driving season may disappoint (Updates prices, ...

  • PRECIOUS-Gold heads for best week in four as stocks retreat Reuters Australia - Sat, May 25, 2013 12:49 AM AEST

    * Gold boosted this week by drop in stock markets * Fed official dampens talk Fed policy may tighten * Largest physical gold fund sees fresh outflow (Updates prices, adds comment) By Jan Harvey LONDON, ...

  • UPDATE 5-Oil set for biggest weekly drop since mid-April Reuters Australia - Fri, May 24, 2013 11:25 PM AEST

    * Shrinking factory activity in China limits oil demand growth * Rosy U.S. economic data raise worries Fed may end stimulus soon * Gasoline demand over U.S. summer driving season may disappoint (Adds quote, ...

  • UPDATE 4-Oil set for biggest weekly drop since mid-April, supply weighs Reuters Australia - Fri, May 24, 2013 9:48 PM AEST

    * Shrinking factory activity in China limits oil demand growth * Rosy U.S. economic data raise worries Fed may end stimulus soon * Gasoline demand over U.S. summer driving season may disappoint * Coming ...

  • Chile slaps $16 million fine on Canada mine company AFP - Fri, May 24, 2013 8:58 PM AEST
    Chile slaps $16 million fine on Canada mine company

    Chile's environmental authorities slapped a $16.4 million fine Friday on Canadian mining company Barrick Gold for "serious" violations at its unfinished gold mine near the border with Argentina. ...

  • PRECIOUS-Gold steadies near $1,390/oz, set for best week in four Reuters Australia - Fri, May 24, 2013 8:02 PM AEST

    * Gold boosted this week by drop in stock markets * Fed official dampens talk Fed policy may tighten * Coming Up: U.S. durable goods orders; 1230 GMT (Updates throughout, changes dateline, pvs SINGAPORE) ...

  • UPDATE 3-Oil prices set for biggest weekly drop since mid-April Reuters Australia - Fri, May 24, 2013 7:09 PM AEST

    * Shrinking factory activity in China limits oil demand growth * Rosy U.S. economic data raise worries Fed may end stimulus soon * Gasoline demand over U.S. summer driving season may disappoint * Coming ...

  • PRECIOUS-Gold climbs as Fed official says no rush to end bond buying Reuters Australia - Fri, May 24, 2013 5:19 PM AEST

    * Gold on track for strongest week in a month * No rush to end monetary easing -Fed's Bullard * Volatile Nikkei keeps Asian stocks on edge * Coming Up: U.S. durable goods orders; 1230 GMT (Updates prices) ...

  • Aust stocks close lower AAP - Fri, May 24, 2013 5:16 PM AEST

    Australian stocks have closed weaker as declines among the major miners dragged the broader market lower and snapped a two-day rally.

  • UPDATE 2-Oil prices set for biggest weekly drop since mid-April Reuters Australia - Fri, May 24, 2013 4:33 PM AEST

    * Shrinking factory activity in China limits oil demand growth * Rosy U.S. economic data raise worries Fed may end stimulus soon * Gasoline demand over U.S. summer driving season may disappoint * Coming ...

  • UPDATE 1-Oil prices set for biggest weekly loss in five Reuters Australia - Fri, May 24, 2013 2:41 PM AEST

    * Shrinking factory activity in China limits oil demand growth * Rosy U.S. economic data raise worries Fed may end stimulus soon * Gasoline demand over U.S. summer driving season may disappoint * Coming ...

  • Oil prices set for biggest weekly loss in five Reuters Australia - Fri, May 24, 2013 1:45 PM AEST

    * Shrinking factory activity in China limits oil demand growth * Rosy U.S. economic data raise worries Fed may end stimulus soon * Gasoline demand over U.S. summer driving season may disappoint * Coming ...

  • Port Pirie smelter upgrade a step closer ABC - Fri, May 24, 2013 1:19 PM AEST

    Metals company Nyrstar and the Federal Government have moved a step closer to finalising a proposed $350 million redevelopment of the Port Pirie smelter in South Australia. Nyrstar said an implementation ...

  • Aust stocks lower at noon AAP - Fri, May 24, 2013 12:34 PM AEST

    The Australian stock market is weaker, with all bar the gold sector trading lower on a day of broad-based selling. The big four retail banks are all down more than one per cent, while major miners such ...

  • PRECIOUS-Gold edges lower on stronger dollar, stocks Reuters Australia - Fri, May 24, 2013 10:45 AM AEST

    SINGAPORE, May 24 (Reuters) - Gold edged lower on Friday as the dollar and equities regained momentum after a volatile trading session the day before, and as holdings in bullion-backed exchange-traded ...

  • UPDATE 9-Oil prices pare losses on U.S. equities turnaround Reuters Australia - Fri, May 24, 2013 5:37 AM AEST

    * U.S. equities recoup earlier losses, supporting oil * Chinese factory activity shrinks, raising demand doubts * U.S. single-family home sales rise 2.3 pct * Euro zone business downturn eases in May-PMI ...

  • Venezuela, Russia in joint oil venture AFP - Fri, May 24, 2013 1:56 AM AEST
    Venezuela, Russia in joint oil venture

    Venezuela and Russia formed a joint venture to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt. Russia will loan Venezuela $1.5 billion to finance the development ...

  • Brazil to open huge oil field to auction AFP - Thu, May 23, 2013 10:22 PM AEST
    Brazil to open huge oil field to auction

    Brazil on Thursday said it will auction concessions to drill and explore an offshore oil field believed to hold up to 12 billion barrels of crude, the country's largest find. The tender process for the ...

  • Oil recovers after dive on Chinese data AFP - Thu, May 23, 2013 8:44 PM AEST
    Oil recovers after dive on Chinese data

    Global oil prices closed little changed Thursday, recovering from sharper losses earlier in the day after weak Chinese manufacturing data. New York's main contract, West Texas Intermediate light sweet ...

  • PRECIOUS-Gold rebounds from losses as China data pummels stocks Reuters Australia - Thu, May 23, 2013 6:00 PM AEST

    * Gold reverses losses but still near two-year low of $1,321.35 * Fed needs to see more from economy before scaling back bond-buying -Bernanke * China PMI shrinks for first time in 7 months (Recasts, updates ...

  • Perth could be Asia's oil & gas tech hub AAP - Thu, May 23, 2013 5:24 PM AEST
    Perth could be Asia's oil & gas tech hub

    Perth has an opportunity to become the best oil and gas technology centre in Asia by modelling itself on major hubs in Scotland and Norway. Some of the world's biggest oil and gas companies continue to ...

  • India's Tata Steel reports loss on Europe woes AFP - Thu, May 23, 2013 5:19 PM AEST
    India's Tata Steel reports loss on Europe woes

    India's Tata Steel, one of the world's biggest steelmakers, on Thursday swung to a quarterly net loss from a profit a year ago due to falling demand in its key European market.Tata Steel reported a consolidated ...

  • UPDATE 2-Brent slips below $102 on gloomy China data, stimulus doubts Reuters Australia - Thu, May 23, 2013 5:19 PM AEST

    * Weak PMI casts doubt on China recovery, oil demand * Dollar at 3-yr high, QE3 uncertainties also weigh * Coming up: euro zone PMI at 0758 GMT (Recasts, updates prices) By Ramya Venugopal CHENNAI, India, ...

  • UPDATE 1-Brent weakens towards $102 on gloomy China data, strong dollar Reuters Australia - Thu, May 23, 2013 2:47 PM AEST

    * Weak PMI casts doubt on China's recovery, oil demand * Dollar at 3-year high, QE3 uncertainties also weigh * Coming Up: Euro zone PMI; 0758 GMT (Adds quote, details) By Ramya Venugopal CHENNAI, India, ...

  • PRECIOUS-Gold slips after Bernanke hints at slowing bond purchases Reuters Australia - Thu, May 23, 2013 1:34 PM AEST

    * Gold down for 3rd day, near two-year low of $1,321.35 * Fed may cut bond buying if U.S. economy strong - Bernanke * China PMI shrinks for first time in 7 months (Adds quotes, updates prices) By A. Ananthalakshmi ...

  • Brent slips below $102 on weak China data, strong dollar Reuters Australia - Thu, May 23, 2013 1:19 PM AEST

    * Weak PMI casts doubt on China's recovery, oil demand * Dollar at 3-year high, QE3 uncertainties also weigh * Coming Up: Euro zone PMI; 0758 GMT By Ramya Venugopal CHENNAI, India, May 23 (Reuters) - Brent ...

  • PRECIOUS-Gold slides as Fed chief hints at reduced bond buying Reuters Australia - Thu, May 23, 2013 5:47 AM AEST

    * Spot gold slides after brief break over $1,400/oz * Sustained job gains could reduce Fed bond buying -Bernanke * U.S. dollar rallies vs basket of currencies after remarks (Rewrites throughout, updates ...

  • PRECIOUS-Gold erases gains after Fed Bernanke comments Reuters Australia - Thu, May 23, 2013 1:24 AM AEST

    * Spot gold briefly broke above $1,400/oz * Fed Chairman Bernanke calms fears over bond-buying end * U.S. dollar moves higher vs basket of currencies (Recasts lead, adds comment after Fed Ben Bernanke ...

  • Spot gold rises to one-week high after Bernanke comments Reuters Australia - Thu, May 23, 2013 12:20 AM AEST

    LONDON, May 22 (Reuters) - Gold extended earlier gains on Wednesday, rising to a one-week high as the dollar weakened after Federal Reserve Chairman Ben Bernanke said the U.S. central bank needs to see ...

  • One word win worth millions to Palmer AAP - Wed, May 22, 2013 6:35 PM AEST
    One word win worth millions to Palmer

    Resources billionaire Clive Palmer has won a multimillion dollar court battle over a single word in a contract which defined the timing of royalty payments due from an $8 billion iron ore mine. In a West ...

  • EU leaders face up to shale challenge AFP - Wed, May 22, 2013 6:07 PM AEST
    EU leaders face up to shale challenge

    EU leaders agreed Wednesday to face up to the challenge posed by the shale oil and gas revolution which has slashed US energy prices, undercutting Europe's competitive edge. "All leaders are aware ...

  • Spot gold rises 1 percent on lower dollar ahead of Fed testimony Reuters Australia - Wed, May 22, 2013 5:48 PM AEST

    LONDON, May 22 (Reuters) - Gold rose 1 percent to session highs on Wednesday as the dollar weakened against a basket of currencies after Federal Reserve officials allayed investor concerns that the U.S. ...

  • PRECIOUS-Gold gains on U.S. stimulus hopes; Bernanke eyed Reuters Australia - Wed, May 22, 2013 5:10 PM AEST

    * Gold still trading near 2-year lows * Fed officials calm fears over end to bond buying * Coming Up: Fed Chairman Bernanke speaks at 1400 GMT (Adds quotes, updates prices) By A. Ananthalakshmi SINGAPORE, ...