S.African stocks firmer, led by resources and banks

(Reuters) - Heavyweight miners Anglo American and BHP Billiton and bank shares led South Africa's bourse higher on Monday after sliding over 3 percent last Friday, spooked by a global market sell-off.

A Johannesburg-based trader said both Anglo and Billiton were recovering from being oversold last week, along with other resource stocks and banks.


Read more at Reuters Africa

Anglo says S.Africa zinc, copper unit hit by long strike

(Reuters) - The world's third biggest mining group, Anglo American Plc, said on Thursday that output at its Black Mountain zinc and copper production unit in South Africa had been hit by prolonged industrial action.

Anglo did not say exactly how much output had been lost at Black Mountain which also produces lead and silver.


Read more at Reuters Africa

U.K. FTSE 100 Index Increases, Led by Friends Provident on Merger Talks

(Bloomberg) -- U.K. stocks rallied, led by Friends
Provident Plc after Resolution Plc said it is in ``advanced''
merger talks with the insurer. Prudential Plc and Legal & General
Group Plc rose after UBS AG recommended investors buy the shares.

Antofagasta Plc and Anglo American Plc paced gains in mining
companies. Barclays Plc rose after the bank increased its offer
for ABN Amro Holding NV.


Read more at Bloomberg Stocks News

European Stocks Fall for First Time in Four Days; BG, Man Group Decline

(Bloomberg) -- European stocks dropped for the first
time in four days after analysts downgraded oil companies and
investors speculated mounting U.S. mortgage losses will hamper
growth in the world's largest economy.

BG Group Plc and Statoil ASA paced a retreat in energy
stocks after a brokerage recommended selling the shares. Man
Group Plc and Lafarge SA led declines by financial stocks and
exporters. Anglo American Plc and Antofagasta Plc followed copper
and nickel prices lower.


Read more at Bloomberg Stocks News

European Stocks Fall for First Time in Four Days; BG, Deutsche Bank Drop

(Bloomberg) -- European stocks dropped for the first
time in four days after analysts downgraded oil companies and a
decline in metal prices pushed mining shares lower.

BG Group Plc and Statoil ASA paced a retreat in energy stocks
after a brokerage recommended selling the shares. Anglo American
Plc and Antofagasta Plc followed copper and nickel prices lower.
Deutsche Bank AG and Allianz AG led declines by financial stocks
before a report on U.S. producer prices that may provide clues
about inflation and the outlook for rates.


Read more at Bloomberg Stocks News

S.African stocks climb on miners and retailers

(Reuters) - South African shares closed in positive territory on Monday, led by heavyweight miners Anglo American and BHP Billiton as well as banking and retail stocks.

"The market has been riding on the back of the strong performance of Anglo and BHP that have seen some upgrades and there has also been a rebound in commodity prices," said Mauwane Kotane, a trader at BoE Stockbrokers.


Read more at Reuters Africa

European Stocks Rise, Led by BHP Billiton, Anglo American; Univar Surges

(Bloomberg) -- European stocks climbed for a second
day, led by mining and telecommunications companies, after a
strike in Chile sent copper prices higher and Telekom Austria AG
raised its profit forecast.

BHP Billiton Ltd. and Anglo American Plc rose. Univar NV,
the largest distributor of chemicals in the U.S., surged to a
record after CVC Capital Partners offered to buy the company.
Royal Numico NV jumped on speculation Europe's biggest baby-food
maker may receive a takeover bid.


Read more at Bloomberg Stocks News

S.African metal, engineering sector set for strike

(Reuters) - About 260,000 South African workers in the metal and engineering sector are due to launch a strike on Monday over a wage dispute, unions said on Sunday.

The open-ended strike will affect more than 9,000 firms, including Bell Equipment and the Scaw Metals Group, owned by mining group Anglo American Plc, Solidarity union chief negotiator Johan Pieterse told Reuters.


Read more at Reuters Africa

Copper Falls in Asia as Gains on Chile Strikes Seen Overdone; Zinc Lower

(Bloomberg) -- Copper prices fell in Asia amid
speculation that gains on labor unrest at mines in Chile, the
world's largest source of the metal, may have been overdone.

At Dona Ines de Collahuasi, Chile's third-largest copper
mine, owners Xstrata Plc and Anglo American Plc exercised a right
to extend labor talks. The decision by management at the mine in
northern Chile delays the start of a possible strike to July 9
from July 3, union President Hernan Farias said June 29.


Read more at Bloomberg Commodities News

European Stocks Fall; Deutsche Bank, France Telecom, Anglo American Drop

(Bloomberg) -- European stocks declined for a third
day, led by financial shares and insurers, after the Bank for
International Settlements said central banks will need to keep
raising interest rates to quell inflation.

Deutsche Bank AG, Germany's largest bank, and insurer Axa SA
paced the drop. France Telecom SA fell the most in two weeks as
the French government is selling shares worth about 2.7 billion
euros ($3.6 billion). Anglo American Plc and Antofagasta Plc led
mining companies lower after Cazenove downgraded the stocks.


Read more at Bloomberg Stocks News