UPDATE 1-Rio Tinto set to decide on expansion of Mongolia copper mine *Copper chief says final investment decision expected early 2016. SYDNEY, Nov 26- Rio Tinto is lining up project financing for a $4 billion expansion of its long-delayed Oyu Tolgoi copper mine in Mongolia and will make a final investment decision early next year, a senior executive said on Thursday. "At the end of the day, what we need is consistency and stability and...
| By: James Regan
China's yuan flat for 3rd straight day on c.bank guidance SHANGHAI, Nov 26- China's yuan stayed flat against the dollar on Thursday for the third consecutive trading session after the central bank set the daily guidance rate marginally weaker. The People's Bank of China set the midpoint rate at 6.3896 per dollar prior to market open, 0.03 percent weaker than the previous fix 6.3877. Granting foreign investors greater...
How will markets fare after Thanksgiving? Markets will open only slightly higher on Friday for a half-day session, Bob Doll, chief equity strategist and senior portfolio manager at Nuveen Asset Management.
The changing face of India's retail sector The opportunity in India's increasing consumption is huge, says Kishore Biyani, Future Group CEO, who 10 years ago was one of the first to open a Walmart-inspired hypermarket in India.
GLOBAL MARKETS-Euro off as ECB seen easing further; Wall St ends flat *Wall St flat, European stocks rally. NEW YORK, Nov 25- The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash. "A lot of people are taking the day off and this is just programs trading There's...
| By: Rodrigo Campos and Dion Rabouin
Bankrupt grocer Haggen receives court approval to sell 47 stores Nov 25- Bankrupt grocery chain Haggen said on Wednesday it had received court approval to sell 47 stores on the West Coast, most of which will go back to grocer powerhouse Albertsons, as part of a plan to emerge from Chapter 11.. Bellingham, Washington- based Haggen ran into debt trouble this year after a costly and ambitious expansion drive that included the...