CORRECTED-COLUMN-Is the curtain coming down on U.S. aluminum smelting? -Andy Home The latest round of closures, led by Alcoa, is happening just as the metal's usage in the United States is set to experience another quantum leap forward. That's why Alcoa's announcement this month that it is shuttering three out of four of its remaining smelters in the United States has generated so little lift to the aluminum price. Alcoa's announcement that it...
| By: Andy Home
COLUMN-Is the curtain coming down on U.S. aluminium smelting? -Andy Home The latest round of closures, led by Alcoa, is happening just as the metal's usage in the United States is set to experience another quantum leap forward. That's why Alcoa's announcement this month that it is shuttering three out of four of its remaining smelters in the United States has generated so little lift to the aluminium price. Alcoa's announcement that...
| By: Andy Home
Start-up leaders embracing lobbying It is difficult to say whether all the early lobbying is delivering results for start-up companies, the New York Times reports.
Source: The New York Times
| By: Cecilia Kang
ANALYSIS-Argentina in for a radical post-election grains output increase BUENOS AIRES, Nov 23- By the end of President-elect Mauricio Macri's first four-year term, Argentina will have doubled wheat shipments and surpassed Russia and Brazil as a corn exporter, by some estimates, as the abandonment of years-long trade restraints unleashes the full potential of the country's vast Pampas farm belt. Soy currently grows on 62 percent of...
| By: Hugh Bronstein
Hold on a second: UN kicks 'leap second' decision down road BERLIN— For this decision, a U.N. agency has decided to take its time. The International Telecommunication Union said Thursday that it had considered a proposal to abandon the "leap second" at a conference in Geneva, but recommended further study. The international timekeepers said they needed more details on the possible impact of ending the practice, and would...
Source: The Associated Press
US STOCKS-Wall St surges over 1 pct, looks past Paris attacks *Airline, travel stocks slip after Paris attacks. Nov 16- Wall Street had its strongest session in three weeks on Monday, with sizeable gains in energy shares as investors bet Friday's deadly attacks in Paris would have little long-term impact on the U.S. economy and corporate earnings. U.S. oil prices rose after French air strikes in Syria in reaction to multiple...
| By: Noel Randewich
Officials cowed by graft crackdown stall China stimulus push HONG KONG, Nov 15- Local officials in China are dithering over project approvals and business deals, some to avoid the spotlight of an anti-corruption campaign, impeding Beijing's plans to use infrastructure spending to arrest slowing economic growth. Though the National Development and Reform Commission approved 1.9 trillion yuan of investment projects...
| By: Kevin Yao
UPDATE 3-China's yuan takes leap towards joining IMF currency basket WASHINGTON, Nov 13- China's yuan moved closer to joining other top global currencies in the International Monetary Fund's benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up. "I support the staff's findings," she said in a statement immediately welcomed by China's central bank, which said it...
With lending tight, miners look to swap cash for royalties "At the end of the day we are a shadow lender to a distressed sector," said Julian Treger chief executive of Anglo Pacific. Anglo Pacific extends cash to companies looking to develop mines. Once the mines are running a portion of the proceeds flow back to Anglo Pacific.
| By: James Regan