Articles Tagged "London"

Copper Retreated as Risk Appetite Cancel

London copper slipped nearly 2 percent on Thursday, after scaling fresh 10-month highs in the previous session, as investors stepped back to reassess the health of the global economy. Mark Pervan, senior commodity analyst at Australia and New Zealand Bank, stated: A lot of people are holding their breath because the gains have been really [...]

Harbinger Backed Sterlite in Asarco Acquisition

Sterlite Industries, the flagship firm of London-listed Vedanta, may get the support of rival bidder Harbinger Capital Partners in its takeover plan for the bankrupt US copper mining firm, Asarco. Harbinger has decided to withdraw from the race, informing the bankruptcy court that its plan to restructure Asarco should not be considered. For full story, [...]