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Reuters News

Fresnillo says gold down but on track to meet guidance

April 16, 2014 - reuters.com

LONDON, April 16 (Reuters) - Mexican precious metals miner Fresnillo FRES.L said on Wednesday it remained on track to hit production guidance despite a near 30 percent fall in gold output in the first quarter compared to the same period last year.

The miner said gold production continued to be hit by a ban on the use of explosives at one of its mines due to a land dispute with the community. The ban has since been lifted with production expected to ramp up to normal levels in the second quarter, it said in a statement.

South African Markets - Factors to watch on April 16

April 16, 2014 - reuters.com

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.

DIARY

Turkey - Factors to Watch on April 16

April 16, 2014 - reuters.com

ISTANBUL, April 16 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday.

The lira TRYTOM=D3 meanwhile firmed to 2.1350 to the dollar in early trade from 2.1412 late on Tuesday.

DIARY- Turkey - to Aug 30

April 16, 2014 - reuters.com

(All times are provisional and in GMT. For local time, add three hours. This diary is updated every day, and new listings or amendments are marked "*".)

KEY INDICATORS DATE GMT/LOCAL INDICATOR PERIOD PRIOR 18/4 1130/1430 Expectations survey March 7.92% 21/4 1430/1730 Debt stock March 600.0b 24/4 1100/1400 Interest rates April 10.00% 24/3 0800/1100 Foreign visitors March +6.6% 24/3 1130/1430 Capacity usage April 73.1% 24/3 1130/1430 Manufacturing conf April 108.6 30/4 0700/1000 Trade balance March -$5.1b 1/5 0730/1030 TIM Exports April $13.14b 5/5 0700/1000 CPI m/m April 1.13% 5/5 0700/1000 CPI y/y April 8.39% 5/5 0700/1000 PPI m/m April 0.74% 5/5 0700/1000 PPI y/y April 12.31% 8/5 1430/1730 Treasury cash balance April -4.64b 8/5 0700/1000 Industrial production March +4.9% 13/5 0700/1000 Current account March -3.19b *15/5 0700/1000 Unemployment February 10.1% *15/5 0800/1100 Budget balance April -5.1b

FOREX-Aussie off lows after China GDP; yen edges down

April 16, 2014 - reuters.com

* Aussie pares losses, holds above earlier session lows

* China Q1 GDP +7.4 pct y/y, a tad better than expected

SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0430 GMT

April 16, 2014 - reuters.com

STOCKS .BSESN .NSEI

-----------------------

MIDEAST STOCKS - Factors to watch - April 16

April 16, 2014 - reuters.com

DUBAI, April 16 (Reuters) - Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

Australian dlr pares losses after China data, NZD underperforms

April 16, 2014 - reuters.com

* Aussie off lows after China data was not as bad as feared

* Kiwi sags on soft inflation reading at home, dairy prices

India Morning Call-Global Markets

April 16, 2014 - reuters.com

MUMBAI, April 16 (Reuters) -

EQUITIES

Indian FX/debt factors to watch - April 16

April 16, 2014 - reuters.com

Emerging Asian currencies pare losses after China GDP beats f'cast

April 16, 2014 - reuters.com

SINGAPORE, April 16 (Reuters) - Most emerging Asian currencies pared losses on Wednesday after data showed China's economic growth in the first quarter was better than expected.

The Singapore dollar SGD=D3 stood at 1.2529 to the U.S. dollar as of 0208 GMT, compared with Tuesday's close of 1.2525.

UPDATE 1-BOJ Kuroda maintains positive view on economy

April 16, 2014 - reuters.com

* Japan making headway in meeting price goal-Kuroda

* Economy recovering, which will push up prices-Kuroda

EM ASIA FX-Won, baht, ringgit, yuan weaker

April 16, 2014 - reuters.com

FOREX-Commodity currencies feel the heat as China data looms

April 15, 2014 - reuters.com

* Commodity currencies biggest decliners among major currencies

* Market cautious ahead of a batch of key Chinese indicators

UPDATE 1-NZ inflation sedate, but central bank to keep raising rates

April 15, 2014 - reuters.com

(Adds comment, updates market reaction)

* NZ Q1 inflation +0.3 pct, annual rate +1.5 pct

BRIEF-Silver Lake Resources says qtrly gold sales 50,288 ounces

April 15, 2014 - reuters.com

April 16 (Reuters) - Silver Lake Resources Ltd SLR.AX :

* March 2014 quarterly report SLR.AX

New Zealand dollar falls sharply after CPI data

April 15, 2014 - reuters.com

SYDNEY, April 16 (Reuters) - The New Zealand dollar fell nearly half a U.S. cent on Wednesday after data showed a surprising slowdown in annual inflation which led the market to pare back expectations on how far and fast interest rates might rise this year.

The kiwi fell to a session low of $0.8592 NZD=D4 from around $0.8635 just before the data, though it quickly steadied as the Reserve Bank of New Zealand (RBNZ) is still expected to tighten next week.

U.S. warns Beijing over currency weakness

April 15, 2014 - reuters.com

WASHINGTON, April 15 (Reuters) - The Obama administration on Tuesday told Beijing it was watching the value of China's currency closely, expressing concern over its recent drop and saying it remains "significantly undervalued."

In a semiannual report to Congress, the U.S. Treasury stopped short of declaring China a currency manipulator, but singled it out among large U.S. trading partners for its currency practices.

BRIEF-Moody's changes outlooks on Turkish sub-sovereigns to negative from stable; ratings affirmed

April 15, 2014 - reuters.com

April 15 (Reuters) - Moody's:

* Moody's changes outlooks on Turkish sub-sovereigns to negative from stable;

FOREX-Dollar pares gains against euro on rising Ukraine tensions

April 15, 2014 - reuters.com

* Russia says Ukraine on brink of civil war

* Lower U.S. bond yields cap dollar gains

RPT-UPDATE 1-Dairy prices, volumes fall at auction -NZ's Fonterra

April 15, 2014 - reuters.com

(Repeats with no changes)

April 15 (Reuters) - International milk prices fell for a fifth consecutive auction, while volumes also dropped in the latest sale held by New Zealand's Fonterra Co-operative Group

Euro-denominated bonds lure emerging borrowers, European funds

April 15, 2014 - reuters.com

By Sujata Rao

LONDON, April 15 (Reuters) - Governments and companies from the developing world are increasingly turning to euro debt markets, lured by the falling costs of borrowing there and European investors' clamour for relatively higher returns.

Germany assures Brussels its current account balance will shrink

April 15, 2014 - reuters.com

BERLIN, April 15 (Reuters) - Germany reassured Brussels on Tuesday its current account surplus, the world's largest, would shrink in coming years and it was taking steps to boost spending at home, following criticism from the European Commission.

"With the introduction of a minimum wage and public investment in education, research and infrastructure we are stimulating domestic demand and strengthening growth in Germany," Economy Minister Sigmar Gabriel said in a statement.

Irish debt may trade lower towards Belgium-debt agency

April 15, 2014 - reuters.com

DUBLIN, April 15 (Reuters) - Irish debt could fall lower to trade at levels just above that of Belgium's, the head of the country's debt agency said, indicating that a turnaround in its bond market is showing no signs of slowing down.

Ireland sold 10-year bonds at a record low yield of 2.9 percent last week, compared to the 2.09 level Belgium currently trades, although John Corrigan said this showed how dislocated markets are at present as well as the progress Ireland had made.

France denies wavering on deficit commitments

April 15, 2014 - reuters.com

* Finance minister: never asked for extra time for cuts

* Officials see no scope for giving Paris more time

New Issue-RFF adds 250 mln euro to 2028 bond

April 15, 2014 - reuters.com

Apr 15 (Reuters) -Following are terms and conditions

of a bond increased on Tuesday.

S.Africa's AMCU asks public for funds to sustain mining strike

April 15, 2014 - reuters.com

PRETORIA, April 15 (Reuters) - South Africa's Association of Mineworkers Construction Union (AMCU) on Tuesday asked the government and the public for funds to help striking members in the platinum sector, who have gone nearly three months without pay.

AMCU members went on a strike 11-weeks ago at Anglo American Platinum AMSJ.J , Impala Platinum IMPJ.J and Lonmin LMI.L , demanding a more than doubling of monthly wages to 12,500 rand ($1,200).

GLOBAL MARKETS-Ukraine, weak updates hit shares; bonds rise

April 15, 2014 - reuters.com

* European shares hit by weak sales, Ukraine crisis

* Ukraine crisis said to weigh on German sentiment

GLOBAL MARKETS-Ukraine, weak updates hit shares; bonds rise

April 15, 2014 - reuters.com

* European shares hit by weak sales, Ukraine crisis

* Ukraine crisis said to weigh on German sentiment

UK pawnbroker Albemarle & Bond rescue saves 628 jobs

April 15, 2014 - reuters.com

LONDON, April 15 (Reuters) - British pawnbroker Albemarle & Bond ALBH.L will be bought out of administration by investment fund Promethean Investments in a deal which will save the majority of its stores and 628 jobs, administrators said on Tuesday.

The acquisition comes a day after Britain's biggest pawnbroker H&T HRGR.L said it was ending talks regarding the possible acquisition of some of A&B's assets. ID:nL6N0N6123

BRIEF-Chifeng Jilong Gold Mining to turn profitable in Q1 on higher gold product sales

April 15, 2014 - reuters.com

April 15 (Reuters) - Chifeng Jilong Gold Mining Co Ltd

600988.SS

Kazakhmys agrees to buy Koksay copper deposit in Kazakhstan

April 15, 2014 - reuters.com

LONDON, April 15 (Reuters) - Kazakh copper miner Kazakhmys said on Tuesday it had agreed to buy the Koksay copper deposit in southeast Kazakhstan from CCC Mining Construction B.V., for $260 million in cash.

The deposit has an estimated mine life of 20 years with average annual production of 80,000 tonnes of copper cathode equivalent, 60,000 ounces of gold, 400,000 ounces of silver and 1,000 tonnes of molybdenum in concentrate, the company said. This will be Kazakhmys's third major growth project after Bozshakol and Aktogay.

UPDATE 1-China may have 1,000 tonnes of gold tied in financing - WGC

April 15, 2014 - reuters.com

* Estimates imply strong imports driven by trade financing deals

* Imported gold used via loans, LCs to raise low cost funds

Sibanye Gold eyes platinum acquisition by end this year - paper

April 15, 2014 - reuters.com

JOHANNESBURG, April 15 (Reuters) - South Africa's Sibanye Gold SGLJ.J aims to make a "material" acquisition in platinum mining by the end of this year as it seeks to diversify its business, its chief executive said in a newspaper interview on Tuesday.

Sibanye has already signalled it might be interested in buying some platinum mines, an industry currently hit by a nearly three month wage strike by members of the Association of Mineworkers and Construction Union (AMCU). ID:nL6N0MZ3YA

Hochschild Mining on track to hit 2014 production target

April 15, 2014 - reuters.com

LONDON, April 15 (Reuters) - Gold and silver producer Hochschild Mining HOCM.L posted a rise in first-quarter production and said it was on track to hit its output target for the year while it continues to cut costs.

The Lima-based company produced 5.9 million ounces of attributable silver equivalent, up from 4.7 million ounces in the same period a year ago.

MIDEAST STOCKS - Factors to watch - April 15

April 15, 2014 - reuters.com

DUBAI, April 15 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

China may have 1,000 tonnes of gold tied in financing - WGC

April 15, 2014 - reuters.com

* Estimates imply strong imports driven by trade financing deals

* Imported gold used via loans, LCs to raise low cost funds

India Morning Call-Global Markets

April 15, 2014 - reuters.com

MUMBAI, April 15 (Reuters) -

EQUITIES

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