Nickel

Bloomberg reported Russian stocks retreated as oil dropped, and OAO GMK Norilsk Nickel (MCX:GMKN) fell after announcing plans to sell convertible bonds.

Bloomberg reported Russian stocks retreated as oil dropped, and OAO GMK Norilsk Nickel (MCX:GMKN) fell after announcing plans to sell convertible bonds.

The market news is quoted as saying,

Norilsk dropped 6.2 percent, the most since May 7, after Chief Executive Vladimir Strzhalkovsky said the company will fund a $4.5 billion share buyback using Eurobonds convertible into shares.

For the complete market news, click here.

Featured

MARKETS

Markets
TSX20907.82-100.38
TSXV828.69-23.46
DOW33596.61-482.57
S&P 5004304.76-44.11
NASD13381.52-166.55
ASX7161.30-72.30

COMMODITIES

Commodities
Gold1899.85+1.94
Silver24.22+0.10
Copper4.52+0.01
Palladium2360.00+26.00
Platinum1082.50+6.50
Oil92.06+0.15
Heating Oil2.790.00
Natural Gas4.55+0.05

DOWNLOAD FREE REPORTS

×