ellievsbear
noise dept.
Alisa U Zemlji Chuda
dirt enthusiast
Product Placement
PUT YOUR BEARD IN MY MOUTH
Stranger Things
Game of Thrones Daily
will byers stan first human second
2025 on Tumblr: Trends That Defined the Year
Sade Olutola
🪼
Kiana Khansmith
One Nice Bug Per Day
No title available
roma★
Cosmic Funnies
Show & Tell
Not today Justin
almost home
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from Bangladesh
seen from Germany
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
@torapdeen-blog
L.A. gasoline falls on rebounding refineries -trade
On Tuesday, gasoline blended to meet California's strict environmental regulations fell in the Los Angeles market to 28.5 cents a gallon over the November contract for RBOB gasoline on the New York Mercantile Exchange. California gasoline finished in L.A. on Monday at 34 cents over.
Homebuilder stocks rise on strong NAHB numbers
MKM Partners analyst Megan Mcgrath said the homebuilder sentiment numbers were better than expected and that was driving stocks.Shares of KB Home were up 7 percent at $6.75, while those of Pulte were also up 7 percent at $4.33 on Tuesday afternoon on the New York Stock Exchange.
RPT-UPDATE 4-Freeport Indonesia mine halts copper output
* Main pipe taking concentrate to port was cut* Says supply lines to mine blockaded* Stock drops over 4 percentBy Olivia RondonuwuJAKARTA, Oct 17 (Reuters) - Freeport-McMoRan Copper & Gold halted production at its Grasberg mine in Indonesia on Monday because of security fears and worker blockades, in the worst supply disruption since a strike began a month ago.Freeport said the main pipe carrying copper concentrate to its port from Grasberg, the world's second-biggest copper mine, was cut earlier on Monday, helping copper prices to rise.It said it does not know who cut the pipeline and is still evaluating the impact on copper shipments from the remote mountain mine.Freeport's production has also been hit by a strike at a second mine, Cerro Verde in Peru, where the union pulled out of talks and members have threatened to go on a hunger strike to push demands for a raise.The news sent shares of the U.S. mining giant down 4.7 percent to $35.04 in morning trading on the New York Stock Exchange. The company is slated to report third-quarter earnings on Wednesday and analysts expect its profit to be lower ."The prolonged strike continues to burden the company, and with the recent events no immediate resolution to the situation is evident," said analyst Tony Rizzuto of Dahlman Rose & Co."Shares could be pressured in the near term while uncertainty surrounds its Grasberg operations," he said.At a news conference, Freeport Indonesia spokesman Ramdani Sirait said: "Production is completely cut because the main pipe has been cut and because of security concerns."A company source said the concentrate processing plant will be shut for 30 days, but the firm could not say how long it will take to fix the pipe or how long production or processing will be halted.The stoppage is a setback for the Freeport after it said last week it had ramped up copper concentrate output at Grasberg to average more than 4,000 tonnes per day by relying largely on non-unionized and contract workers, a move criticized by the government.The company said it had still managed to ship 103,189 tonnes of concentrate in the past week, though with blockades to the port and rising worker tension, it was unclear if further shipments can be made.Copper prices have mostly shrugged off the supply disruption during the strike that started on Sept. 15 because of worries about a weakening global economy.Copper pulled back from an earlier three-week high on Monday as supply-side concerns took a backseat to Europe's ongoing debt struggles.By 10:37 a.m. EDT (1437 GMT), the benchmark December COMEX contract in New York fell 2.20 cents at $3.3865 per pound -- down from an earlier-session peak at $3.46356, which marked its priciest level since Sept. 27.Road blockades, part of the prolonged strike by around 12,000 of the mine's 23,000 workers, have stopped containers carrying food and medicine from reaching the mine and jet fuel from reaching the nearest airport, the company said."Logistics needed for production and activities in the highlands have been held at the port," said Sirait. "There are hundreds and hundreds of containers now piling up at the port."The union said the blockades and damage to facilities such as a bus terminal occurred because workers were angered by the death of a colleague following a clash with police last week, as well as because of the company's "apathy" to worker demands."This is a result of unstoppable emotion of the people who were angered by the death of a worker. The union can't do anything about this," said union spokesman Juli Parorrongan.Parorrongan said the union had no information on who cut the pipeline, which the company called "sabotage", and will check who was behind it.INDEPENDENCE MOVEMENTRebels in the eastern province of Papua have waged a low-level insurgency against the government for four decades, and previously threatened to blockade the mine after police killed a separatist in an attack in late 2009.Three men were killed in a shooting last week near the mine in Papua, though it was not clear if this was linked to the pay dispute or to the independence movement.A clash earlier last week between striking workers and police near the mine led to the death of two protesters -- one of whom was a member of an indigenous tribe -- and injured others, as disgruntled and striking Grasberg workers protested after being barred from collecting belongings from barracks.A Reuters witness said indigenous people carrying arrows and spears were joining workers near the blockades on Monday.
UPDATE 1-White Mountains Insurance to buy back more shares
Oct 14 - White Mountains Insurance Group said it will buy back up to 300,000 of its common shares in a "modified Dutch auction," a process which allows shareholders to indicate how many shares they wish to sell and at what price within the range specified by the company.The Bermuda-based insurer said it would buy back shares at $385-$425 each in cash, and expects the offer to start on Oct 17.Last month, White Mountains said it bought back about 350,000 shares at or below $415 a share.Warren Buffett's Berkshire Hathaway has also adopted a share buyback program, an unprecedented move after months of investor complaints that the stock is undervalued.Shares of White Mountains Insurance closed at $411.12 on Thursday on the New York Stock Exchange.
UPDATE 1-White Mountains Insurance to buy back more shares
Oct 14 - White Mountains Insurance Group said it will buy back up to 300,000 of its common shares in a "modified Dutch auction," a process which allows shareholders to indicate how many shares they wish to sell and at what price within the range specified by the company.The Bermuda-based insurer said it would buy back shares at $385-$425 each in cash, and expects the offer to start on Oct 17.Last month, White Mountains said it bought back about 350,000 shares at or below $415 a share.Warren Buffett's Berkshire Hathaway has also adopted a share buyback program, an unprecedented move after months of investor complaints that the stock is undervalued.Shares of White Mountains Insurance closed at $411.12 on Thursday on the New York Stock Exchange.
JGB broker-to-broker dealing system down on glitch
Japan's finance ministry said Thursday's 30-year JGB auction would proceed as normal.
Strong miners, banks hoist Britain's FTSE higher
* Technical analysis suggests FTSE rally has further to run* FOMC meeting minutes eyed, due at 1800 GMTBy Tricia WrightLONDON, Oct 12 (Reuters) - Strong miners and banks boosted Britain's top shares on Wednesday, keeping the index on an upward tilt, underpinned by progress in tackling the euro zone sovereign debt crisis and recent upbeat U.S. data.The mood, already elevated by hopes European leaders will unveil new measures to solve the crisis by the month's end, was further lifted when Slovakian lawmakers said they would approve a plan to expand powers in the euro zone rescue fund.After some encouraging U.S. data, namely last week's jobs report and ISM manufacturing and non-manufacturing surveys, the market awaited minutes of the last U.S. FOMC meeting, which could be key to bolstering investor confidence."As long as we continue towards a solution to the European sovereign debt crisis, and as long as we continue to see an improvement in terms of U.S. economic data, it should be enough to encourage investors to take advantage of cheap valuations," said Henk Potts, markets strategist at Barclays Wealth."The important thing is what we hear from the Fed later today. The expectation is that they'll suggest that growth is likely to be better in the second half of the year than in the first half, but the risk still remains skewed to the downside."The FTSE 100 ended up 46.10 points, or 0.9 percent, at 5,441.80, and has notched up gains of about 10 percent since it struck lows a week ago.Phil Roberts, chief European technical strategist at Barclays Capital, said there was likely more upside for the index, which may reach the March and June lows over the course of the next month, around the 5,600 mark.A convincing break above that level, however, would be "a tough nut to crack".The mining sector , which remains off 26 percent this year despite a 20 percent rise since early last week, gained in tandem with base metal prices as expectations rose of potential restocking in China.Miners, led by ENRC and Antofagasta , which enjoyed respective gains of 7.4 percent and 6.9 percent, bounced back from a weaker start after disappointing results from U.S. aluminium group Alcoa .ENRC grabbed the top spot on the blue chip leader board as Deutsche Bank said it saw the firm's recent deal to take up a $650 million option to control Kazakh coal producer Shubarkol Komir as a boost for the company.Silver and gold miner Fresnillo bucked the trend, off 2 percent, after cutting full-year silver production guidance after output fell in the third quarter, as it reinforced safety conditions at all of its projects following the deaths of 10 workers.Banks , beaten down this year on worries over exposure to the euro zone crisis, rallied, with Barclays the standout gainer in the sector, up 6.4 percent.Traders attributed Barclays' outperformance in part to a target price hike from Macquarie.Societe Generale said it remained very upbeat on UK domestic banks, and reiterated "buy" recommendations on Royal Bank of Scotland , Lloyds Banking Group and Barclays, despite cutting target prices across the sector.Sticking with financials, Man Group dropped 6 percent, the top FTSE 100 faller, after the hedge fund firm said its flagship AHL fund fell 5.5 percent last week.Meanwhile, engineers were boosted, with IMI and Weir up 4.3 percent and 3.7 percent, as Berenberg Bank started its coverage on both firms with a "buy" rating.Burberry was another good gainer, up 3.5 percent, after the British luxury goods group issued a reassuring first-half trading update, prompting CFD specialist H20 Markets to upgrade its stance on the stock to "hold" from "sell".Ex-dividend factors knocked 2.70 points off the FTSE 100, with Capital Shopping Centres , Old Mutual , Smith & Nephew , Tesco , Wolseley , and WPP Group all losing their payout attractions.