Edition:
International

Eric Onstad

UK set to scrap half of steel quotas designed to curb imports

Jun 11 2021

LONDON Britain plans to revoke about half the limits on steel imports that it inherited from the European Union when the quotas expire on June 30, the government said on Friday.

Marex Spectron cancels London IPO in 'challenging' market

Jun 09 2021

LONDON (Reuters) -Commodities broker Marex Spectron has pulled a planned initial public offering (IPO) in London due to difficult market conditions, the company said, the second European company to cancel such plans in the past week.

LME to reopen iconic trading floor, but says electronic trading is future

Jun 08 2021

LONDON (Reuters) -The London Metal Exchange has abandoned proposals to close its open outcry trading floor, the last such venue in Europe, it said on Tuesday, but added it believes electronic trading is the future.

METALS-Copper ticks higher, but vulnerable to further losses

Jun 08 2021

LONDON, June 8 Copper prices edged higher on Tuesday on optimism about economic recovery, but volumes were low and analysts said there was the potential for more downside.

METALS-Copper rebounds on bargain hunting and U.S. jobs data

Jun 04 2021

* Weaker dollar supports metals markets (Adds Malaysia tin news, updates prices)

METALS-Copper edges lower on China demand concerns

May 28 2021

LONDON, May 28 Copper prices dipped on Friday as investors worried about demand from China and its authorities' action to curb commodity prices, but losses were capped by the prospect of U.S. spending.

METALS-Copper edges lower on China demand concerns

May 28 2021

LONDON, May 28 Copper prices dipped on Friday as investors worried about demand from China and its authorities' action to curb commodity prices, but losses were capped by the prospect of U.S. spending.

UK may support steel, but unlikely to nationalise Liberty

May 25 2021

LONDON Britain is open to providing support for steel as a strategic sector, but nationalising Liberty Steel after the collapse of its main lender was unlikely, business secretary Kwasi Kwarteng said on Tuesday.

Global steel output surges 23% in April, helped by high prices

May 21 2021

LONDON Global crude steel production jumped 23% year-on-year in April, data showed on Friday, and output was expected to keep rising in coming months as coronavirus restrictions ease and high prices encourage production.

UK targets Gupta's GFG Alliance in fraud probe linked to Greensill

May 14 2021

LONDON (Reuters) -Tycoon Sanjeev Gupta's commodities empire is being investigated by Britain's Serious Fraud Office in a probe that encompasses the conglomerate's links to collapsed lender Greensill Capital, the SFO said on Friday.

World News

Putin sees 'a lot of issues' at first summit with Biden

GENEVA (Reuters) -With deep disagreements likely and expectations of solving them low, U.S. President Joe Biden and Russian President Vladimir Putin sat down in a lakeside Geneva villa on Wednesday for their first summit since Biden took office.