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Barcap metals traders lose out to Red Kite

Betting that copper prices would rise, Barclays Capital traders lost tens of millions of dollars, sources say, the bank said the losses were not "big" and that there was no "abnormal" trade.

Joy Global Inc. announces receipt of approval for strategic investment in China-based International Mining Machinery Holdings Limited

MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE:JOY) ("Joy Global") a worldwide leader in high productivity mining solutions today announced that it has received approval from the Anti-monopoly Bureau of the Ministry of Commerce of the People's Republic of China for its planned purchase of International Mining Machinery Holdings Limited (HKSE:1683) ("IMM"), a leading designer and manufacturer of underground mining equipment in China. These shares represent approximately 41.1% of the outstanding common stock of IMM.