Tag: Yahoo Finance

Steel minister expects to increase coking coal imports from Russia

Steel Minister Dharmendra Pradhan said on Tuesday he was confident India's imports of coking coal from Russia would increase significantly in coming months, adding that steelmakers had started testing samples of Russian coal. India long depended on Australia to meet most of its coking coal requirements but has progressively cut down on imports from the country in the last three years. "Offtake of coal from Far East Russia can grow as the coking coal...becomes more attractive from the point of view of price, ease of availability, connectivity to the ports and sea transport," the Ministry of Steel quoted Pradhan as saying in a statement....

EMERGING MARKETS-Brazil's real slumps to record low; other Latam assets muted

* Brazil Economy Minister relaxed about real's fall * Latin American currencies ease against a firmer dollar * U.S.-China officials hold phone call, discuss core issues * Argentina September GDP proxy figures eyed By Shreyashi Sanyal Nov 26 (Reuters) - The Brazilian real fell to a record low on Tuesday, a day after figures showed a widening current account deficit in Latin America's biggest economy, while other assets in the region were subdued as investors looked for fresh signs of progress in U.S.-China trade talks. The real slid lower than the level hit in 2015, when Brazil was mired in one of the deepest recessions in its history....

CANADA FX DEBT-Canadian dollar sticks to narrow range as railway strike ends

* Canadian dollar trades nearly unchanged against the greenback * Canadian National Railway and union reach deal to end strike * Loonie trades in a range of 1.3298 to 1.3316 * Canadian bond prices rise across a flatter yield curve TORONTO, Nov 26 (Reuters) - The Canadian dollar was little changed against the greenback on Tuesday as investors weighed fresh signs of progress toward a U.S.-China trade deal and a deal was reached to end a railway strike that threatened to slow Canada's economic growth. Teamsters Canada and Canadian National Railway Co said they reached a tentative deal to end a strike at the country's largest railroad that had entered its eighth day, disrupting supply chains across the country....

Partners Group Weighs Sale of U.K. Software Maker Civica

(Bloomberg) -- Partners Group Holding AG is considering a sale of U.K. software provider Civica Group, people familiar with the matter said.The Zug, Switzerland-based asset manager is fielding pitches from potential advisers as it prepares for a potential exit from the business, according to the people. Civica could fetch at least 1.5 billion pounds ($1.9 billion) based on valuations from similar deals, one of the people said, asking not to be identified because the deliberations are private.Partners Group could start a sale process as soon as early next year if it decides to proceed, the people said. No final decisions have been made, and it could keep the business for longer, the people said.London-based Civica, founded in 2002, provides specialist software, digital solutions and outsourcing services for governments, health-care providers, housing associations and schools. A representative for Partners Group declined to comment.Civica generates around 100 million pounds of annual earnings before...