Argentina as No Claims-Nation Revealed in Repsol Losses: Energy

By Nathan Crooks – May 14, 2012 Repsol YPF SA (REP), the Spanish oil explorer seeking $10.5 billion from Argentina for seizing its assets, will line up behind companies from Exxon Mobil Corp. to Unisys Corp. (UIS) yet to be repaid by the most-sued nation on earth. There are 26 cases pending against Argentina, more than any other country, at the World Bank’s

Copper Futures Seen Rallying 11% on Fibonacci Retracement

By Debarati Roy – May 7, 2012 Copper prices, which gained the most in a week yesterday, may climb to $4.20 a pound for the first time since September, according to technical analysis by Paul Kavanaugh, a senior trader at PFGBest. The futures contract for July delivery will rise 11 percent if prices on the Comex in New York top

LME Receives a Number of Proposals That May Lead to Takeover

By Agnieszka Troszkiewicz – May 8, 2012 The London Metal Exchange, the world’s biggest metals bourse, received multiple proposals that may lead to a takeover. The proposals will be considered by the board, the LME said in a statement today. They were from companies that had been shortlisted after assistance from Moelis & Co., the LME’s adviser, according to the

U.S. Manufacturing Grows at Fastest Pace in a Year

By Alex Kowalski – May 1, 2012 Manufacturing grew in April at the fastest pace in almost a year, propelled by a pickup in orders that signaled factories will remain a source of strength for the U.S. expansion. The Institute for Supply Management’s factory index climbed to 54.8 last month, exceeding the most optimistic forecast in a Bloomberg News survey and

China Manufacturing Improvement Signals Growth Rebound

By Bloomberg News – May 2, 2012 A Chinese manufacturing index rose in April, signaling that a rebound in the world’s second-biggest economy may help to offset constraints on global growth from austerity measures in Europe. The 49.3 final reading of a purchasing managers’ index from HSBC Holdings Plc (HSBA) and Markit Economics today compares with a preliminary 49.1 reported April

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