Zinc leads China metals futures higher

By James Regan SYDNEY, Apr 21 : Zinc led a near across-the board rise in Shanghai base metals futures on Friday on the back of robust gains in overnight London trading and buoyant equity markets. Traders said broader positive sentiment on the outlook for industrial commodities in China also pushed future contracts along. ShFE tin […]

Australian dlr steady, NZ$ down as focus on French election

By Swati Pandey and Charlotte Greenfield SYDNEY/WELLINGTON, Apr 21 : The Australian dollar trod water today while its New Zealand counterpart edged lower as investors shifted focus to this weekend’s first round of voting in the French presidential election. With millions of French voters still undecided or planning to abstain, the vote is the most […]

China iron ore jumps 7 pct as steel extends gains after selloff

By Manolo Serapio Jr MANILA, April 21 : – Chinese iron ore futures surged 7 percent on Friday, extending hefty gains for a second session along with steel prices, after a recent selloff that market participants thought was overdone. Both commodities plunged to their lowest since January in the previous session amid worries over well-supplied […]

SKorea needs to consider a complaint to WTO over US protectionism -steel industry source

By Hyunjoo Jin and Jane Chung SEOUL, Apr 21 : South Korea’s government and steel industry should consider all measures including filing a complaint with the World Trade Organization (WTO) in response to “deepening U.S. trade protectionism”, an industry source told Reuters on Friday. The source’s comments came after U.S. President Donald Trump on Thursday […]

Australia shares recover on banks, telcoms; NZ soft

By Anusha Ravindranath Undated,April 20 : Australian shares clawed back from three-week lows on Thursday as bargain hunters stepped in after the market was sold off in the last three sessions. The S&P/ASX 200 index rose 8.19 points, or 0.14 percent, to 5812.00 by 0251 GMT. “Markets have pulled back to the previous break out […]