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News For GLNCY From The Last 14 Days Check below for free stories on GLNCY the last two weeks. |
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| June 17, 2013 | | 08:22 EDT |  | GLNCY | Mining companies draw new regulator scrutiny, Bloomberg reports
Until now mining companies have been relatively free of political scrutiny. But world leaders, gathering in Northern Ireland for the Group of Eight summit beginning today, have mining transactions and companies in their cross hairs. They are proposing tighter oversight by requiring companies to disclose all payments made to foreign governments, reports Bloomberg.Reference Link | | | June 14, 2013 | | 05:45 EDT | | GLNCY | Coal exports fall on Asian oversupply, WSJ reports
Coal exports are slowing, reports the Wall Street Journal. In a troubling sign for U.S. coal producers, shipments fell 31% in April from March driven largely by an oversupply in Asia for metallurgical coal used in steel making. As a result, U.S. producers are now at a further disadvantage to overseas competitors because weakening metallurgical-coal prices are making high-cost U.S. production less profitable for export.Reference Link | | | June 12, 2013 | | 06:24 EDT | | GLNCY | Rio, Glencore consider combining Australian coal assets, Reuters reports
 Subscribe for More Information | | | June 6, 2013 | | 06:16 EDT | | GLNCY | Glencore to hire four Morgan Stanley LNG traders, Bloomberg reports
Subscribe for More Information | | | June 4, 2013 | | 07:11 EDT | | GLNCY | Two Chinese firms eye Glencore's $5B Peru copper mines, Reuters reports
Subscribe for More Information | | | 06:07 EDT | | GLNCY | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Strong demand for pickup trucks and sport-utility vehicles boosted U.S. sales in May for major automakers (F, GM, NSANY, TM), but the auto industry rebound that has helped buoy the U.S. economy since early last year is showing signs of leveling off, the Wall Street Journal reports...In the midst of North America's energy boom (CHK, HESS, RIG, OXY, MUR, APA), several long-serving CEOs and board chairmen have been booted in recent months, pushed out by activist shareholders demanding restraint and oversight. Others appear to be running scared, making shareholder-friendly gestures, including higher dividends and lower executive pay, the Wall Street Journal reports...REUTERS: Japan's government is set to urge the nation's public pension funds- a pool of over $2T -to increase their investment in equities and overseas assets as part of a growth strategy being readied by Prime Minister Shinzo Abe, sources say, Reuters reports...Two companies linked to Chinese state-backed groups- Chinalco Mining Corp. International or Hong Kong-listed MMG group -are weighing rival bids for Glencore Xstrata’s (GLNCY) roughly $5B worth of copper mines in Peru, sources say, Reuters reports...BLOOMBERG: Stocks gained in Europe and Asia after a Federal Reserve official said the bank is committed to record stimulus. The dollar strengthened, commodities fell and Turkish shares rebounded from the biggest drop in a decade, Bloomberg reports...Airline executives (DLAKY, are set to spend more on orders for the latest wide-body planes from Airbus SAS (EADSY) and Boeing (BA) as consolidation and cost cuts give them more reason for optimism for a rebound in earnings this year, Bloomberg reports. | |
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