LONDON (Reuters) -Canadian miner Teck Resources, the target of an unsolicited takeover bid by Glencore, narrowly missed first-quarter estimates on Wednesday, hit by lower prices, weak copper and zinc sales and higher expenses. Teck reported adjusted profit of C$1.81 per share for the three months to March 31, compared with an average analyst estimate of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The safe-haven dollar and yen rose on Tuesday as market sentiment turned risk-averse amid renewed worries about the banking sector and the outlook for the global economy, which knocked the euro off a nearly 10-month high. The U.S. dollar index climbed 0.6% to 101.83, having dropped more than…
By Nichola Groom (Reuters) – President Joe Biden’s administration on Tuesday said it had finalized an area of nearly 10 million acres in the Gulf of Maine for potential offshore wind development, a major step toward expanding the industry into northern New England. The announcement was the latest milestone in the government’s plan to put…
By Steve Scherer OTTAWA (Reuters) – NASA Administrator Bill Nelson on Tuesday condemned Russian President Vladimir Putin’s invasion of Ukraine, but said in Ottawa that he expected Russians and Americans to work together on the International Space Station (ISS) until it is decommissioned. American-Russian space cooperation was put in doubt after the invasion of Ukraine…
By Shristi Achar A (Reuters) – Canada’s main stock index fell on Tuesday as investors remained on the sidelines in an earnings-heavy week, while weakness in crude and copper prices dragged the commodity stocks lower. At 10:03 a.m. ET (1403 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 113.01 points, or 0.55%, at…
By Arunima Kumar (Reuters) – North American gold miners Newmont Corp and Barrick Gold Corp are expected to post lower quarterly profits as a fall in production and higher costs offset gains from strong prices of the precious metal. Miners grappled with extreme weather, including heavy rainfalls in certain parts of the world, lower grade…
By Nia Williams (Reuters) – The CEO of the Alberta Energy Regulator (AER) on Monday apologised for his organisation’s failure to fully inform local Indigenous communities about a toxic tailings leak from Imperial Oil’s Kearl oil sands mine in northern Alberta. Appearing before a parliamentary committee in Ottawa, Laurie Pushor echoed an apology made by…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a more than one-week low against major currencies on Monday in generally thin trading, as investors continued to price in interest rate cuts this year by the Federal Reserve after a widely expected rate increase at next week’s policy meeting. The Japanese currency, on…
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the spotlight on an emerging crop of filtration technologies aimed at revolutionizing how the metal is produced for the electric vehicle industry. In a national prime time address, Boric said last Thursday a new state-owned company…
By Lucila Sigal BUENOS AIRES (Reuters) – In Argentina’s mountainous north, a strong pipeline of lithium projects close to coming online looks set to unlock a wave of production that could see its output of the key electric vehicle battery metal as much as triple within the next two years. The world’s fourth largest producer…
