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LONDON (Reuters) - Glencore (GLEN.L) has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year. The London-listed miner said billionaire Mistakidis, who owns a 3.2 percent stake in the company, will be replaced by Nico Paraskevas. Shares in London jumped 4.4 percent on Monday by 1522 GMT, mostly in line with the wider mining index as metal prices rose. .FTNMX1770.

Glencore was ordered by the U.S, Department of Justice in July to hand over retro new york jets helmet cufflinks documents about its business in the Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption probe, Long-time chief executive Ivan Glasenberg has said he wishes to retire by the time he turns 65, “The management has been here a long time since the IPO., there comes a time where the younger generation needs to take over,” the 61-year-old Glasenberg told analysts on a call, He added that there could be more management changes in the next few years and that each department was training successors..

Jason Kluk and Ruan Van Schalkwyk are to be appointed as joint heads of ferroalloys marketing. Freyberg was previously head of the company’s coal assets and will be replaced in that role by Gary Nagle, Glencore said in an update to investors. The company, which has shed about 25 percent of its market value this year, mines copper and cobalt in Congo and has traded oil in Venezuela and Nigeria. Glencore narrowed the 2018 operating earnings forecast range for its trading division, and pointed to weakness in its alumina and cobalt businesses.

It said full-year marketing adjusted earnings before interest and tax would be between $2.6 billion and $2.8 billion at the unit, compared with its previous forecast of within the top half of a $2.2-$3.2 billion range, (bit.ly/2DY3heM), In production, copper output in 2019 is projected retro new york jets helmet cufflinks to reach 1.540 million tonnes from an expected 1.465 million this year, Cobalt output next year is expected to total 57,000 tonnes from a target of 39,000 tonnes in 2018, In Congo, Glencore has this year seen taxes and royalties hiked under a new mining code which also removed a stability agreement..

(Reuters) - China and the United States agreed on Saturday to a truce in their trade war following talks between Chinese President Xi Jinping and U.S. President Donald Trump on the sidelines of the G20 summit in Argentina. However, there are differences in both countries’ official accounts of what was agreed. Here are some of the key differences. QUALCOMM-NXP. The White House said Xi said he was open to approving the previously unapproved Qualcomm-NXP deal should it again be presented to him.

Senior Chinese officials did not mention this deal in a news conference, However, at least one major Chinese state media outlet mentioned it on its account on Chinese social media platform WeChat, referring to the White House statement, The White House said Trump and Xi agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture, The Chinese government’s top diplomat, State retro new york jets helmet cufflinks Councilor Wang Yi, was less specific, telling reporters China will import more products, based on market demand, from the United States in efforts to gradually ease imbalances in two-way trade..

Wang added that the two also agreed to open markets to each other, and that China will work to gradually resolve U.S. concerns in the process of further opening-up. On Monday, influential Chinese tabloid the Global Times said it understood China and the United States will further discuss moves at expanding market access, intellectual property protection, avoiding compulsory technology transfers, and joint control of cyber crime. 90-DAY TIMEFRAME FOR TALKS. The White House said talks would take place to resolve within the next 90 days specific U.S. complaints like forced technology transfer, or else existing 10 percent tariffs would go up to 25 percent. They had been scheduled to increase to 25 percent on Jan. 1 but were postponed as part of the agreement.

Wang did not mention this timeframe, though Chinese state media has, Vice Commerce Minister Wang Shouwen told reporters that China and the United States would step up talks to remove the existing 25 percent tariffs (on some other products), but gave no timeframe, The White House retro new york jets helmet cufflinks said China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other products from the United States, It also said China has agreed to start purchasing agricultural products from U.S, farmers immediately..

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