European shares set for biggest gain since January, led by miners *Givaudan shares rise as maintains targets. LONDON, Oct 9- Top European stocks hit a one-month high on Friday and were set for their biggest weekly gain since late January on stronger mining shares and renewed hopes of interest rates staying ultra-low for longer. The Bank of England on Thursday showed no sign it was close to raising rates, while minutes of the most...
| By: Atul Prakash
METALS-Zinc soars 10 pct, fueling metals surge after Glencore cuts output *Glencore to cut 500,000 tonnes of annual zinc production. LONDON, Oct 9- Zinc surged 10 percent on Friday and other base metals soared after commodities giant Glencore said it would slash its zinc output by a third, sparking a short covering rally across the board. Glencore said it will cut 500,000 tonnes of annual zinc production, equivalent to around 4 percent of...
| By: Maytaal Angel
GLOBAL MARKETS-Stocks eye biggest rally in 4 years on Fed relief *Zinc soars on Glencore output cut. LONDON, Oct 9- World stocks rose on Friday, putting them on course for their biggest weekly rise in four years after minutes of the Federal Reserve's last policy meeting showed the U.S. central bank is in no rush to raise interest rates. Brent crude oil was on track for its biggest weekly rise since March 2009, while zinc soared 9...
| By: Jamie McGeever
Apple pulls apps over security concerns Apple has removed some products from its App Store over concerns they could compromise users' sensitive details, the U.S. technology giant said on Friday.
| By: Arjun Kharpal
METALS-LME zinc soars 8.5 pct, fuelling metal surge after Glencore output cuts *Glencore to cut 500,000 T of annual zinc capacity. MELBOURNE, Oct 9- London zinc surged more than 8 percent on Friday, firing a widespread rally across base metals after top miner Glencore said it would slash its annual output by a third. Commodities giant Glencore said it will cut 500,000 tonnes of zinc production, or around 4 percent of global supply, in its latest...
| By: Melanie Burton
Glencore cutting back zinc metal production LONDON- Shares in commodities group Glencore rose strongly Friday after the company said it is slashing its zinc production by a third and cutting jobs in response to sharp fall in the price of the metal. The move, which will involve a reduction in annual zinc production by 500,000 tons in Australia, South America and Kazakhstan, is the latest response by the...
Source: The Associated Press