Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
Canada’s benchmark stock index inched up on Thursday, led by gains in the materials sector and better-than-expected economic news south of the border, The Montreal Gazette reported:
The S&P/TSX composite index gained 71.95 points, or 0.55%, to 13,255.74 -still well below its highest point so far this year, 14,270.53, posted April 5, but a welcome sight after its longest string of losses since 2006.
Saskatchwan PotashCorp led the market uptick, rising 3.39% to $53.98 on news of climbing US. corn futures. Agrium Inc. rose 2.61% to $82.49.
