METALS-Copper eyes seventh weekly loss on China gloom *China flash PMI shrinks at fastest pace in nearly 6-1/ 2 years. *China refined nickel imports nearly double in July. LONDON, Aug 21- Copper tumbled on Friday, heading for a seventh consecutive weekly loss, as poor factory data in China sparked alarm in global markets and fanned fears of a slide in metals consumption in the world's top copper buyer.
| By: Maytaal Angel
METALS-LME copper eyes 7th weekly loss on China woes; holds $5,000 *China refined nickel imports nearly double in July. *China aluminium semis exports second lowest this year. MELBOURNE, Aug 21- London copper resumed its fall on Friday and was facing its seventh weekly loss, as poor factory growth in China fanned fears its economy was worsening, but the $5,000 support level held for now.
| By: Melanie Burton
US proposes to cut methane from oil, gas by nearly half WASHINGTON- The Obama administration on Tuesday proposed cutting methane emissions from U.S. oil and gas production by nearly half over the next decade, part of on ongoing push by President Barack Obama to curb climate change. Officials estimate the rule would cost industry from $320 million to $420 million in 2025, with reduced health care costs and other...
Source: The Associated Press
| By: By MATTHEW DALY and JOSH LEDERMAN, Associated Press
Brazilian protesters call for president's ousting Tens of thousands of protesters returned to the streets of cities across Brazil on Sunday to express their ire against President Dilma Rousseff. The NYT reports.
Source: The New York Times
| By: Simon Romero
India, EU working to end trade huff over generic drugs NEW DELHI, Aug 17- India and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by canceling talks on a free trade accord with its largest trading partner, officials said. The E.U. Trade Commission says it did not get the letter from Modi's office on the ban, which is linked to flaws in...
| By: Manoj Kumar
Ethanol acts as lone bright spot amid China commodity gloom NEW YORK/ BEIJING, Aug 17- Recent news from China makes depressing reading for commodities producers, with a slowing economy, tumbling stock prices and a currency devaluation all signaling weaker demand. China's a place where everyone looks and says,' what if, "' said Jordan Fife, a merchant with BioUrja Trading LLC in Houston. State-run grain trader China National...
| By: Chris Prentice and Niu Shuping