London Metal Exchange cancels nickel trades after price doubles

The London Metal Exchange (LME) cancelled all nickel trades that took place on Tuesday when prices doubled in a matter of hours and spurred the exchange to suspend trading.

newspaper

08-03-2022

WeWork rival IWG to merge digital assets with The Instant Group

Office rental company IWG said it would merge its digital assets with flexible workspace platform The Instant Group, as office space providers benefit from the hybrid work trend, sending the London-listed firm's shares sharply higher.

newspaper

08-03-2022

U.S., Canada motorists weigh cuts to spending as gas prices surge to record

At a Kroger station in Atlanta, general contractor L.W. Boyd had two fuel spigots going at the same time - pumping diesel into two giant tanks in the bed of his Ford F150 truck - fearful that already-high gasoline prices will just keep rising.

newspaper

08-03-2022

BHP flags 'spillover effect' of commodities surge as nickel price doubles

Mining group BHP warned on Tuesday of the impact of surging commodity prices on already skyrocketing inflation following Russia's invasion of Ukraine, while nickel trading was suspended in London after prices more than doubled.

newspaper

08-03-2022

Telecom Italia shares rebound as KKR bid hopes revived

MILAN (Reuters) -Shares in Telecom Italia (TIM) bounced more than 10% on Tuesday after an Italian newspaper reported that U.S. fund KKR was still interested in a takeover deal, albeit at a lower price.

newspaper

08-03-2022

LME suspends nickel trading after prices soar past $100,000

LONDON (Reuters) -The London Metal Exchange (LME) halted nickel trading on Tuesday after prices doubled to a record $100,000 per tonne, fuelled by a race to cover short positions after Western sanctions threatened supply from major producer Russia.

newspaper

08-03-2022

LME suspends nickel trading for the day after prices see record run

The London Metal Exchange (LME) said on Tuesday it has suspended the trading of nickel on all venues for at least the rest of the day after prices more than doubled to cross a record $100,000 per tonne level.

newspaper

08-03-2022

Carmakers face soaring metal costs with Russian supplies at risk

LONDON (Reuters) -Saving up for a new ride? Better start putting more cash aside.

newspaper

08-03-2022

Telecom Italia shares rebound as KKR bid hopes rekindled

MILAN (Reuters) -Shares in Telecom Italia (TIM) rebounded on Tuesday after an Italian newspaper reported that U.S. fund KKR was still interested in a takeover deal, albeit at a lower price.

newspaper

08-03-2022