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☆ Buy these gold and copper stocks to ride AI, China demand and more, say fund managers
▼ + stars: | 2024-04-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows. Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Stock picks He named Australian gold miner Northern Star and copper miner Southern Copper as stocks he's bullish on right now. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. It said that copper demand will already "significantly exceed" supply starting this year — and that's not even accounting for demand growth from data centers.

Persons: Kingsley Jones, Jevons, CNBC's, Jones, Kamil Dimmich, Dimmich, he's, that's, Jefferies, Teck, Ian Roper, Michael Bloom Organizations: Wall Street, U.S . Federal Reserve, Stock, Northern Star, South, K92 Mining, Jefferies, JPMorgan, Teck Resources, North, Astris Advisory Japan KK, CNBC Locations: USA, Europe, South Capital, East, China, Freeport, McMoRan, Lundin, Teck, North America

☆ Final Trades: Nasdaq, Alphabet, Spotify, Charles Schwab and Teck Resources
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Nasdaq, Alphabet, Spotify, Charles Schwab and Teck ResourcesThe Investment Committee give you their top stocks to watch for the second half.

Persons: Charles Schwab Organizations: Nasdaq, Investment Locations: Teck

(AP) — The U.S., Canada and several indigenous groups announced a proposal on Monday to address the pollution from coal mining in British Columbia that's been contaminating waterways and harming fisheries on both sides of the border for years. The proposal would be executed through a century-old U.S.-Canada boundary waters treaty, establishing independent boards to study the pollution’s extent and make cleanup recommendations. It comes after indigenous groups in British Columbia, Montana and Idaho lobbied for more than a decade for the federal governments in the U.S. and Canada to intervene and stop the flow of pollution. The proposal calls for no more than two years of study to gauge the extent of pollution. Investigators in Canada found Teck Resources Limited discharged hazardous amounts of selenium and calcite from two coal mines north of Eureka, Montana.

Persons: ”, Tom McDonald, Joe Biden, Justin Trudeau, Stephenne Harding, Gary Aitken Jr, “ It’s, Rachel Poynter, ” Poynter Organizations: The Associated Press, U.S . Environmental Protection Agency, U.S ., White, Council, Environmental, Investigators, Teck Resources Limited, of, of Teck Resources Locations: Mont, U.S, Canada, British Columbia, Montana, Idaho, Kootenai, Lake Koocanusa, U.S . Canada, Elk, Kootenai Tribe, Canadian, Montana and Idaho, Eureka , Montana ., of Teck

☆ Glencore's 2023 earnings halve on lower commodity prices
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: +1 min

An employee stands by a logo for Glencore Agriculture in Glencore Plc's offices in Rotterdam, Netherlands. Glencore said on Wednesday lower commodity prices had halved its earnings last year, and slashed its payout to investors, as the company saves to fund the acquisition of a 77% stake in Teck Resources' metallurgical coal business. After two consecutive record years, adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) halved to $17.1 billion from $34.1 billion a year earlier, in line with analysts' consensus estimates of $17.15 billion. In preliminary 2023 results, the miner and trader said net debt stood at $4.92 billion at the end of the year, from just $75 million at the end of 2022. London-listed Glencore's payout of $1.6 billion announced on Wednesday does not include a new buyback scheme, after the existing one ends this month, nor a special dividend, as the company uses its cash to fund the $6.9 billion acquisition of Canadian miner Teck's steelmaking coal unit.

Persons: Glencore Organizations: Glencore Agriculture Locations: Glencore, Rotterdam , Netherlands, Teck Resources, London

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ UBS names its top stocks for 2024, including this popular retailer
▼ + stars: | 2024-01-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investment bank UBS recently rolled out a slew of stocks the firm says are its best ideas in 2024. CNBC Pro combed through UBS research to find stocks that are must-owns with 2024 underway. They include Target, Teck Resources , General Motors, Dell and CrowdStrike. Dell Dell shares are too cheap to ignore, according to analyst David Vogt, who named the stock his top pick for 2024 in a recent note. Dell "Dell as end mkt recovery & share repo should drive outperformance.

Persons: David Vogt, Vogt, Dell, Teck, Curt Woodworth, Woodworth, Michael Lasser, Lasser, … Organizations: UBS, CNBC, Target, General Motors, Dell, Dell Dell, Teck Resources UBS, Teck Resources Locations: Teck Resources, Teck, CY24

☆ Keen on harvesting tax losses? Scotiabank names 10 Canadian stocks as 'prime candidates'
▼ + stars: | 2023-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the end of the year approaches, investors are likely to be reviewing their portfolios and considering which stocks to sell to harvest tax losses. Tax-loss harvesting is a strategy to offset capital gains tax from stocks that have run up in share price with losses from non-performing stocks. To aid investors, Scotiabank identified several stocks on Canada's TSX Composite index that are down significantly this year but are still rated as "Sector Outperform" by its analysts. "These are prime candidates to keep long-term exposure to despite recent weakness," said Scotiabank analysts led by Hugo Ste-Marie in a note to clients on Nov. 13. Scotiabank pointed out that the top 20 stocks in the S & P 500 index are up significantly this year, while the remaining 480 stocks are showing losses on average.

Persons: Hugo Ste, Marie Organizations: Scotiabank, Stocks, TELUS International, Allied, Trisura, HudBay Minerals, Hudbay Minerals, Capstone, Corp, Ivanhoe Mines, Teck Resources, Tech Locations: Park, Canada, Teck

☆ Teck Resources Nears Deal to Sell Coal Business to Glencore
▼ + stars: | 2023-11-14 | by ( Julie Steinberg | Ben Dummett | ) www.wsj.com time to read: 1 min

Swiss-based Glencore has been rare among major resources groups in sticking with coal. Photo: Jose Cendon/Bloomberg NewsCanadian miner Teck Resources is in advanced talks to sell its coal assets to mining and trading giant Glencore in a deal that would cap a lengthy saga and be one of the biggest in mining this year. The deal would value the business at close to $10 billion and could be announced as soon as this week, assuming the talks don’t fall apart, according to people familiar with the matter.

Persons: Jose Cendon Organizations: Bloomberg News Locations: Teck Resources

☆ Glencore-Led Group to Buy Teck’s Coal Business
▼ + stars: | 2023-11-14 | by ( Julie Steinberg | Ben Dummett | ) www.wsj.com time to read: 1 min

Swiss-based Glencore has been an outlier among major resources groups in sticking with coal. Photo: Jose Cendon/Bloomberg NewsCanadian miner Teck Resources said it is selling its coal assets to a group led by mining and trading giant Glencore in a deal that would cap a lengthy saga and be one of the biggest in mining this year. The transaction would value the business at around $9 billion. Under the terms of the deal, Switzerland-based Glencore will pay $6.93 billion for a 77% stake. Japan-based steelmaker Nippon will hold a 20% stake after converting existing holdings in some of Teck’s coal operations and paying cash, while South Korean steelmaker Posco will hold a 3% position after converting its holdings.

Persons: Jose Cendon Organizations: Bloomberg News, Resources, Nippon, South Locations: Switzerland, Japan

☆ Morning Bid: Murky US inflation picture
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +6 min

According to consensus forecasts at least, U.S. headline inflation is expected to have retreated sharply again in October back toward midyear lows around 3.3%. But underlying 'core' inflation is expected to stay stickier at an unchanged annual rate of 4.1% last month and still more than twice the Fed's target. But the Fed may want to hang tough long enough into a slowing economy to ensure that inflation is squeezed back to its 2% goal. And perhaps the negative tilt on October core inflation going into today's release leaves more room for a positive surprise. The International Energy Agency on Tuesday raised its oil demand growth forecasts for this year and next despite the weakening economic picture.

Persons: Lucas Jackson, Mike Dolan, Goldman Sachs, Xi Jinping, Joe Biden, Biden, Xi, Shunichi Suzuki, Philip Jefferson, Loretta Mester, Austan Goolsbee, Michael Barr, Huw Pill, Christina Fincher Organizations: New York Stock Exchange, REUTERS, New, Bank of America's, Treasury, International Energy Agency, U.S, Economic Cooperation, Reuters, Bank of Japan, Japan's Finance, Home, Federal, Cleveland Fed, Chicago Fed, Banking, Housing, Urban Affairs, Bank of England, Thomson Locations: New York, U.S, California, San Francisco, Asia, China, Japan, Teck, United States

☆ CPI Report Today: Futures Edge Up Ahead of Inflation Data
▼ + stars: | 2023-11-14 | by ( ) www.wsj.com time to read: +1 min

Economists surveyed by The Wall Street Journal expect annual CPI to have risen 3.3%, or 4.1% on a core basis. Ahead of that data, which will be scrutinized by investors for its implications for future interest-rate policy, stock futures ticked up early Tuesday. The yield on the benchmark 10-year note held steady after rising for two of the past three trading days. The 10-year yield declined. Glencore stock rose nearly 4% in London, while shares in U.S.-listed Teck advanced premarket.

Persons: Stocks Organizations: Wall, CPI, Nasdaq, Dow, Treasury, Consumer, Teck Resources Locations: Asia, Hong Kong, Tokyo, Europe, Stockholm, Teck, London, U.S

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Following the data, yields on short-term UK Gilts, reflecting near-term interest rate expectations, slid, aiding a 7.0% surge in rate sensitive real estate investment trusts (.FTNMX351020). "It may well be due to potential sentiment coming ahead of tomorrow's UK CPI data, with the hope that it comes in lower as well," said Christopher Peters, trading floor manager at Accendo Markets. UK October CPI data, due on Wednesday, could throw further light on the outlook for domestic monetary policy. Reporting by Khushi Singh and Johan M Cherian in Bengaluru; Editing by Sherry Jacob-Phillips and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Christopher Peters, Jefferies, Tim Clark, Khushi Singh, Johan M Cherian, Sherry Jacob, Phillips, Alex Richardson Organizations: London Stock Exchange Group, City of, REUTERS, Vodafone, Federal, tomorrow's, Accendo Markets, Investors, Entain, Royce, Emirates, Thomson Locations: City, City of London, Britain, Teck, U.S, Italy, Bengaluru

☆ Teck to sell majority stake in $8.9 bln coal business to Glencore - Globe & Mail
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Glencore will pay $6.9 billion for a 77% stake in Teck's coal unit, while Japan's Nippon Steel (5401.T) will pay $1.7 billion and swap its interest in one of Teck's coal operations for 20% of the coal business, the report said, citing sources. The Wall Street Journal first reported that Glencore and Teck were in advanced talks on a deal that would value Teck's coal assets at close to $10 billion. Glencore and Nippon Steel declined to comment. The Vancouver-based company has twice rejected an unsolicited $22.5 billion bid for the entire company from Glencore. The company in July said it had received offers from "various" interested parties for its coal business.

Persons: Lyle Stafford, Glencore, Korea's, Teck, Posco, Shubhendu Deshmukh, Shubham, Sonia Cheema Organizations: REUTERS, Teck Resources, Glencore Plc, Asian, Nippon Steel, Globe & Mail, Japan's Nippon Steel, Street Journal, Reuters, Thomson Locations: Teck, Vancouver , British Columbia, Canada, KS, Glencore, The Vancouver, Bengaluru

Indian Prime Minister Narendra Modi welcomes Canada Prime Minister Justin Trudeau upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Canada on Thursday pulled out 41 diplomats from India, and had earlier paused trade treaty talks with India. India imports potash, lentils, and energy products such as coal, coke and briquettes among other goods from Canada. Bilateral trade between Canada and India touched $8 billion in 2022. Canada has invested more than $3.6 billion in India with over 40% of that being in services and infrastructure, according to Invest India.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Hardeep Singh Nijjar, There's, Neha Arora, Nikunj, Mayank Bhardwaj, Raju Gopalakrishnan Organizations: Indian, Canada, Bharat, Invest India, Reuters, JSW Steel, Canada's Teck Resources, Thomson Locations: New Delhi, India, DELHI, Canada, Ottawa, Surrey, Vancouver, Canada's Teck

It was unclear what stake JFE was seeking or what price it was offering. Japan's Nippon Steel (5401.T) has previously said it was looking to buy a 10% stake in Teck's coal business for C$1.15 billion, valuing the overall business at about C$11.5 billion, with an option of increasing its stake to 17.5%. Glencore has said it will consider buying the coal business for about $8.5 billion. JFE Steel holds 15% equity in India's JSW Steel (JSTL.NS), which was also exploring an investment in Teck's coal business. Price said the company had two options -- a 100% sale of the coal business for cash or a partial sale of the coal business, with proceeds going to growing the copper business.

Persons: Chris Helgren, Glencore, Major steelmakers, Teck, JFE, Jonathan Price, Price, Divya Rajagopal, Neha Arora, Denny Thomas, Nick Zieminski, Rod Nickel Organizations: Teck Resources, Developers Association of Canada, REUTERS, Rights, JFE Steel Corp, Canada's Teck Resources, Reuters, Japan's Nippon Steel, JFE Steel, JSW, Thomson Locations: Teck, Toronto , Ontario, Canada, Canada's Teck, Russia, JFE, Tokyo, Australia, Swiss, Toronto, India

☆ India and Japan will be Asia's next power couple
▼ + stars: | 2023-10-19 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Indian Prime Minister Narendra Modi welcomes Japan Prime Minister Fumio Kishida upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS Acquire Licensing RightsBENGALURU, Oct 19 (Reuters Breakingviews) - India and Japan are edging closer. Prime Minister Narendra Modi and Prime Minister Fumio Kishida's governments form part of the so-called Quad security grouping with the United States and Australia to counter Chinese expansionism in Asia. Now the two countries are setting up an investment fund together. That’s delivering on a pledge by Kishida to invest 5 trillion yen, or some $42 billion, into India over the next five years.

Persons: Narendra Modi, Fumio Kishida, Evan Vucci, Fumio, Kishida, Wood Mackenzie, Sajjan Jindal, India’s, Lakshmi Mittal, JBIC, Una Galani, Thomas Shum Organizations: Indian, Japan, Bharat, REUTERS Acquire, Rights, Reuters, National Investment, Infrastructure Fund, Japan Bank, International Cooperation, Japan External Trade Organization, Nippon Telegraph, Telephone, Reuters Graphics, Teck Resources, Nippon Steel, ArcelorMittal, Japan Fund, Thomson Locations: New Delhi, India, Japan, United States, Australia, Asia, Reuters Graphics India, China, Russia, South, Teck, Indian

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dollar Tree, Amazon, Alphabet, Toll Brothers and more
▼ + stars: | 2023-10-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Wells Fargo upgrades Air Products to overweight from equal weight Wells Fargo said it sees robust earnings growth. JPMorgan reiterates Alphabet as overweight JPMorgan said it's standing by its overweight rating heading into earnings next week. " JPMorgan upgrades Viasat to overweight from neutral JPMorgan said it sees an attractive entry point for the satellite company. " JPMorgan upgrades CyberArk to overweight from neutral JPMorgan said it sees "accelerating demand" for the cyber company. JPMorgan initiates Teck Resources as overweight JPMorgan said the metals and mining company is its preferred play. "

Persons: Wells Fargo, GOOGL, Wells, Horton, Stifel, Raymond James, Lam, Tesla, MBLY, Goldman Sachs, Bernstein, Morgan Stanley, Hannon, JPMorgan Organizations: Air Products, JPMorgan, Homebuilding, MAS, FERG, UW, Lam Research, Materials, Microsoft, Viasat, Citi, Exxon Mobil, Hannon Armstrong Sustainable Infrastructure Capital, Bank of America, Apple, of America, Pro, Teck Resources Locations: Wells, LEN, China, HASI

☆ The world will pay a high price if China cuts off supplies of chipmaking materials
▼ + stars: | 2023-10-11 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Last year, it accounted for 98% of the global production of gallium and 68% of refined germanium production, according to the US Geological Survey (USGS). “Refining technologies and facilities for processing gallium and germanium cannot be built overnight, particularly considering the environmental implications of their extraction and mining,” she wrote in July. Analysts from the think tank said China’s leading position in the aluminum industry has allowed it to establish a dominant share of global gallium production. According to the USGS, Russia, Japan, and Korea produced a combined 1.8% of global gallium in 2022. Last year, the US Defense logistics Agency introduced a program to recycle optical-grade germanium used in weapon systems.

Persons: Hong Kong CNN —, ”, Xiaomeng Lu, Marina Zhang, Zhang, Ewa Manthey, haven’t, Chris Miller, Gregory Allen, Nyrstar, ” Lu, Manthey Organizations: Hong Kong CNN, geotechnology, Eurasia Group, China, Geological Survey, University of Technology, “, ING Group, Center for Strategic, International Studies, Washington, Analysts, Corporation, CNN, Global, Wadhwani Center, AI, Technologies, CSIS, Rostec, Reuters, US Defense, Agency, Commerce Ministry Locations: China, Hong Kong, Beijing, United States, Europe, Japan, University of Technology Sydney, Kazakhstan, Hungary, Germany, Russia, Korea, Teck, American, Netherlands, Australia, ” Lu, Eurasia, Canada

☆ Global miner BHP to focus on cost cuts, patient on M&A
▼ + stars: | 2023-10-05 | by ( Melanie Burton | ) www.reuters.com time to read: +3 min

MELBOURNE (Reuters) -Global miner BHP Group is focused on cutting costs to drive growth while being patient on buying assets, its chief development officer Johan van Jaarsveld said on Thursday in Melbourne. A view of a new nickel sulphate plant that global miner BHP Group is building to service the battery industry at its Nickel West operations, south of Perth, Australia August 2, 2019. REUTERS/Melanie Burton/File photo“This is a cyclical industry, and you sometimes are going to have to wait for 10 years or may be more to get the right opportunity at the right price,” van Jaarsveld said. “BHP’s Oz Minerals Brazil is not on the market,” van Jaarsveld said. We are looking at what we have got,” adding “you don’t want to sell assets, potentially and then somebody else make a big discovery.”

Persons: Johan van Jaarsveld, Melanie Burton, ” van Jaarsveld, Van Jaarsveld, ”, you’ve, you’re, “ Organizations: MELBOURNE, Global, BHP, REUTERS, Teck Resources, Oz Minerals Locations: Melbourne, Perth, Australia, Tanzanian, Indonesia, Teck, Queensland, Brazil, Oz, Oz Minerals Brazil

☆ India-Canada ties fray in dispute over Sikh separatist killing
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +3 min

Hardeep Singh Nijjar was shot dead by unidentified gunmen outside a Sikh temple on June 18 in a Vancouver suburb. * Indian Prime Minister Narendra Modi conveyed strong concerns about Sikh separatist protests in Canada to Prime Minister Justin Trudeau on the sidelines of a G20 summit in New Delhi on Sept. 10. * Canada postponed a trade mission to India planned for October led by Trade Minister Mary Ng, a spokesperson for the minister said on Sept. 15. * India suspended issuing new visas for Canadians on Sept. 22 and asked Ottawa to reduce its diplomatic presence in India. * India's steel secretary told reporters on Sept. 28 that Indian exports to Canada were marginal and have not been affected by the diplomatic row.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Narendra Modi, Mary Ng, Trudeau, Nijjar, Shivam Patel, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Financial Times, Canadian, Trade, Reuters, JSW Steel, Teck Resources, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Vancouver suburb, New Delhi, Canadian, U.S, Australia, Britain, Teck, Ottawa

☆ Indian shares set for subdued open as Fed angst weighs
▼ + stars: | 2023-09-22 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. Already, foreign investors have been net sellers so far this month, offloading shares worth $996.2 million as of Sept. 20. Foreign institutional investors (FII) sold shares worth 31.11 billion rupees ($375.2 million), on a net basis, on Wednesday and 30.07 billion rupees worth on Thursday, according to stock exchange data. Domestic investors, meanwhile sold shares worth 5.73 billion rupees on Wednesday but bought shares worth 11.58 billion rupees on Thursday, the data showed. Meanwhile, Indian government bonds will be included in JPMorgan's widely tracked emerging market debt index from June 2024, the Wall Street bank said on Friday.

Persons: Francis Mascarenhas, Dalal, Aparna Iyer, Raja, Tesla, Archishma Iyer, Anisha Ajith, Savio D'Souza Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Federal Reserve, Wipro, LG Energy, Exide Industries, Power Systems, Glenmark Pharmaceuticals, Sciences, Glenmark Pharma, Teck Resources, Sethuraman NR, Thomson Locations: Mumbai, India, U.S, Asia, Pacific, Japan, Teck

☆ Exclusive: India's JSW Steel slows process to buy stake in Canada Teck coal unit -source
▼ + stars: | 2023-09-21 | by ( Neha Arora | ) www.reuters.com time to read: +3 min

The source said discussions between JSW Steel - India's largest steelmaker by capacity - and Teck over the stake sale had slowed down, although work on the paperwork continued. JSW Steel declined to comment. "We do not comment on market rumours or speculation," Teck Resources said in an emailed response to Reuters queries. JSW steel is one of the largest customers of Teck's coal business. For India, Canada is the fourth-largest exporter of coking coal used in the steel business, according to Indian government data.

Persons: Chris Helgren, Teck, JSW Steel, JSW, Glencore, Neha Arora, Divya Rajagopal, Clara Denina, Emelia Sithole, Mark Porter Organizations: Teck Resources, Developers Association of Canada, REUTERS, JSW Steel, Ottawa, British Columbia, JSW, Reuters, Investment, Standard Chartered, Deutsche Bank, Japan's Nippon Steel, Thomson Locations: Teck, Toronto , Ontario, Canada, DELHI, India, New Delhi, Canadian, British, Vancouver, Australia, Russia, United States, Toronto, London

☆ Exclusive: India's JSW Steel slows process to buy stake in Canada Teck coal unit, source says
▼ + stars: | 2023-09-21 | by ( Neha Arora | ) www.reuters.com time to read: +3 min

☆ India entry into geopolitical storm will be costly
▼ + stars: | 2023-09-19 | by ( Una Galani | ) www.reuters.com time to read: +4 min

MUMBAI, Sept 19 (Reuters Breakingviews) - India may pay a price from getting caught in the eye of a geopolitical storm, but it may be a small one. New Delhi has dismissed as “absurd” Canada’s allegation of its involvement in the June murder in British Columbia of a Sikh separatist leader that India had branded a “terrorist”. A trade deal with India, now stalled, may have helped Ottawa pivot away from the People’s Republic a little bit faster. But India accounted for barely $6.5 billion, or less than 1% of Canada’s trade with the world in 2020. Canada also expelled India's top intelligence agent following the row, while India expelled a senior Canadian diplomat.

Persons: Sajjan Jindal’s, Joe Biden, Narendra Modi, Jamal Khashoggi, Crown Prince Mohammed bin Salman, –, Tesla, Hardeep Singh Nijjar, Justin Trudeau, Nijjar, “, Trudeau, Lisa Jucca, Streisand Neto Organizations: Reuters, Resources, Crown, Canada, Apple, U.S . National Security Council, Thomson Locations: MUMBAI, India, New Delhi, British Columbia, China, Ottawa, People’s Republic, American, Vancouver, Australia, Canada, United States, Delhi, Saudi Arabia, Saudi, Istanbul . U.S, Canadian

☆ Indian interlopers can disrupt global mining M&A
▼ + stars: | 2023-08-25 | by ( Pranav Kiran | ) www.reuters.com time to read: +3 min

BENGALURU, Aug 25 (Reuters Breakingviews) - An Indian tycoon has a powerful motive to throw himself into some global mining M&A. Sajjan Jindal is looking to pull together a consortium to take a 75% stake in the coal unit of Canadian miner Teck Resources (TECKb.TO), according to Bloomberg. Such a move would pit his $23 billion Mumbai-listed JSW Steel (JSTL.NS) against a rival $8 billion bid by Swiss commodities giant Glencore (GLEN.L). In North America, JSW already has steel plants in Ohio and Texas, and coal mining facilities in West Virginia. Anchoring a consortium bid makes sense but if push comes to shove, Indian tycoons can afford to be aggressive interlopers.

Persons: Sajjan Jindal, Jindal, JSW, Una Galani, Thomas Shum Organizations: Reuters, Teck Resources, Bloomberg, Tata Steel, Steel Authority of India, South, JSW, Elk Valley Resources, Deloitte, Chamber of Commerce, Thomson Locations: BENGALURU, Teck, Mumbai, India, JSW, Australia, Ukraine, North America, Ohio, Texas, West Virginia, Teck Resources, Elk Valley, Elk

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