David Goodman Journalist Profile

Articles

Mali judge expected to order reopening of Barrick mine under new management

3 weeks ago | mining.com | Divya Rajagopal |Veronica Brown |David Goodman

A Malian judge is expected to order on Thursday the reopening of Barrick Mining’s Loulo-Gounkoto gold mine under new management at the request of Mali’s government, three people familiar with the matter said. The order would represent a major escalation of a dispute between the country and the Canadian miner that has seen operations suspended since January.
LBMA liaising with CME Group and US authorities on gold premium

Jan 30, 2025 | mining.com | David Goodman |Cecilia Jamasmie

Reuters | January 30, 2025 | 11:29 am Markets Europe USA Gold The London Bullion Market Association (LBMA) said on Thursday it is liaising with CME Group and US authorities on the significant premium of COMEX gold to the London market. “The US gold market has been trading at a premium to the London market since the US presidential election result in late 2024.
Stellantis Set to Secure Italian Approval for Comau Stake Sale, Source

Oct 9, 2024 | gurutrade.com | Alvise Armellini |David Goodman

ROME, Oct 9 (Reuters) - Carmaker Stellantis is on course to secure Italian government backing for its planned sale of a majority stake in robotics business Comau to One Equity Partners, a source close to the matter said on Wednesday. So-called golden power legislation gives the government the right to block or set conditions on deals concerning Italian companies that operate in strategic sectors.
Gold ETFs Registered 5th Month of Inflows in September, WGC

Oct 8, 2024 | gurutrade.com | David Goodman

LONDON, Oct 8 (Reuters) - Global physically backed gold exchange-traded funds (ETFs) registered a fifth consecutive month of inflows in September as North America-listed funds added to their holdings, the World Gold Council (WGC) said on Tuesday. Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal that touched a record high of $2,685.42 an ounce on Sept. 26, buoyed by the start of U.S. interest rate cuts.
Global Tech Outage to Cost Air France KLM Close to $11M, CFO

Jul 25, 2024 | gurutrade.com | David Goodman

July 25 (Reuters) - Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday. The group is one of the first airlines to disclose a cost linked to the disruption. "The expectation is that it will cost us around 10 million (euros)," Zaad said in a press call, adding that KLM and Transavia bore the brunt of the disruptions while Air France was not seriously affected.
Canal+ to be Listed in London Under Break-Up Plan, Vivendi

Jul 22, 2024 | gurutrade.com | Tassilo Hummel |David Goodman |Alexander Smith

PARIS, July 22 (Reuters) - Vivendi said on Monday it will pursue a listing in London for its Canal+ pay TV unit while its Havas advertising arm will be listed in Amsterdam as it detailed break-up plans. In April, Vivendi said a feasibility study for its planned split into four separate businesses was progressing. Canal+ and Havas would have virtually zero net debt, the company said, adding that Vivendi itself could have net debt of about 1.5 billion euros to 2 billion euros after the move.
China's Sinopec Reports 1st-Half Crude Throughput Up only 0.1%

Jul 19, 2024 | gurutrade.com | David Goodman

SINGAPORE, July 19 (Reuters) - China Petroleum and Chemical Corp (Sinopec), Asia's largest refiner, on Friday reported first-half crude throughput little changed year on year. The state refining giant processed 126.69 million metric tons of crude oil, about 5.08 million barrels per day (bpd), up 0.1% from the same period last year, it said in a stock market filing.
Carlsberg to acquire Britvic with sweetened $4.2 billion offer

Jul 8, 2024 | today.westlaw.com | Stine Jacobsen |Yadarisa Shabong |David Goodman |Emma Rumney

(Reuters) -Carlsberg has agreed to buy British soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage "powerhouse" and that sent both companies' shares higher.
UBS to Sell Partial Stake of Joint Venture to Beijing State Asset Manager

Jun 24, 2024 | gurutrade.com | David Goodman

BEIJING/HONG KONG, June 24 (Reuters) - UBS is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management(BSAM), a key step for the Swiss bank as it consolidates China operations after its merger with Credit Suisse. Its joint venture partner Founder Securities said in a filing on Monday that Founder will offload its entire holding of 49% in the joint venture, with UBS selling 36.01% of its 51% stake to BSAM.
EU approves $3.2 billion in German hydrogen pipeline support

Jun 21, 2024 | today.westlaw.com | David Goodman |Ludwig Burger

FRANKFURT (Reuters) -The European Commission has signed off on about 3 billion euros ($3.2 billion) of planned German state aid for building a system of hydrogen pipelines known as the Hydrogen Core Network (HCN).