* SBI posts profit after 3 qtrs of losses* One-time gain, lower provisioning help* SBI has complete control of "demon" of NPA - chairman* Exposure to IL&FS not cause of concern to SBI as of now - chairman* SBI shares post 2-mth closing high (Adds chairman comments, details on one-time gain)By Chris Thomas and Abhirup RoyBENGALURU/MUMBAI, Nov 5 (Reuters) - State Bank of India (SBI)...Read More
Nov 5 (Reuters) - State-run gas utility GAIL (India) Ltd GAIL.NS posted a 50 percent jump in second-quarter profit on Monday, boosted by higher revenue from its natural gas marketing business.Profit came in at 19.63 billion rupees ($268.86 million) for the three months ended Sept. 30, compared with 13.10 billion rupees a year earlier, the company said https:// on average had expected a profit of...Read More
* U.S. bond yields slip before massive supply this week* Sterling up on Brexit deal hopes* Crude up as Iran sanctions kick in (Updates prices, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 5 (Reuters) - An index of stocks on major markets were flat on Monday, following four days of a bounce-back from a 14-month low, ahead of a key vote to define the power balance in...Read More
Investing.com - Gold prices were little changed on Monday as traders braced for the U.S. mid-term elections and the Federal Reserve’s November meeting due later this week.At 9:18 AM ET (14:18 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 30 cents, or 0.02%, to $1,230.70 a troy ounce.Voters on Tuesday will decide key races in Congre...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesThe Toronto-listed company acquired the project from Australia-based Condor Resources in January and since then has...Read More
The Chinese Ministry of Commerce has added its stamp of approval to the proposed friendly merger, which Zijin would use in combination with the previously received National Development and Reform Commission nod to apply for final approval from the Chinese State Administration of Foreign Exchange department.The substantial deal is not subject to financing conditions and no specific closing date has...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal international The two countries have much in common: Westminster-style democracies, being part of the Com...Read More
NOVEMBER 2, 2018 - Michael Rowley, president and CEO of Group Ten Metals sits down with Maurice Jackson of Proven and Probable to discuss his companies exploration for platinum, palladium, nickel, copper and cobalt in the Stillwater area of Montana. This is part 2 of a 3 part series introduction into the value proposition of the Metallic Group of Companies.Original Source: https://www.stree...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
LONDON, Nov 5 - The cost of building a copper or gold mine is likely to be cheaper than buying an existing one, dampening the prospect of big merger activity in the mining sector, S&P Global Market Intelligence said, citing in-house research.Data shared with Reuters support comments from major miners, including BHP and Rio Tinto , which say their strategy is to build or to "smart buy", if they can...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Investing.com - Oil traders are likely to stay focused on global supplies in the week ahead, after prices suffered their fourth consecutive weekly loss, pressured by U.S. plans to issue waivers on Iranian crude sanctions.The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, to keep buying Iranian oil after it reimposes sanctions on T...Read More
JERUSALEM, Nov 4 (Reuters) - Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast.It will publish details of the tender by the end of the month and, about half a year later, choose the...Read More
Investing.com - This week precious metals traders will be focused on the U.S. mid-term elections and the Federal Reserve’s November meeting as markets continue to digest Friday’s strong U.S. jobs report.Voters on Tuesday will decide key races in Congress and state governments and the results could influence the Trump administrations ability to pass additional tax and trade reforms.The...Read More
TOKYO, Nov 5 (Reuters) - Japan's benchmark Nikkei average .N225opened down 1.08 percent at 22,002.47 on Monday, while the broader Topix .TOPX shed 0.84 percent to 1,644.88.Read More
Most forecasts before tomorrow's midterm elections in the US, which sees Senate and House of Representative seats up for grabs, are forecasting a change in the House and no change in the Senat...Read More
NEW DELHI, Nov 3 (Reuters) - India's Reliance Communications Ltd RLCM.NS posted a sharp rise in its quarterly profit on Saturday, as it recorded a one-time gain.Net profit for the July-September quarter came in at 67.98 billion rupees ($939 million), compared to a profit of 420 million rupees a year earlier.Revenue from operations fell 41.7 percent to 3.34 billion rupees.The company said earlier...Read More
(Updates through close of U.S. trading)By David RandallNEW YORK, Nov 2 (Reuters) - Concerns that a trade deal between the United States and China may not be imminent reined in a rally in world equity markets and reversed gains on Wall Street on Friday, while strong U.S. wage growth boosted U.S. bond yields.Markets had earlier climbed on hopes that the world's two biggest economies were mending the...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window)* Apple falls on forecast; market cap drops below $1 trln* Trump has not sought draft China trade plan -Kudlow on CNBC* Industrial index ends down 0.3 pct* Indexes down: Dow 0.4 pct, S&P 500 0.6 pct, Nasdaq 1 pct(Updates to close)By Caroline ValetkevitchNEW YORK, Nov 2 (Reuters) - U.S. stocks snapped a...Read More
By Suvashree ChoudhuryMUMBAI, Nov 2 (Reuters) - The Indian rupee was the second-best performer in Asia, rising the most in over five years on Friday, on lower global oil prices and as China and the United States expressed optimism about resolving their bruising trade war.A decline in oil prices and the rally in the currency also boosted bonds, which rose to their highest in nearly two months."Afte...Read More