* Trump expects "great deal" with China, but more tariffs if not* IEA's Birol says fuel demand could take a hit* US crude stocks up 5.7 mln bbls, more than forecast-API (Adds API data on U.S. crude inventories)By Stephanie KellyNEW YORK, Oct 30 (Reuters) - Oil prices dropped more than 1 percent on Tuesday on signs of rising supply and concern that global economic growth and demand for fu...Read More
NEW DELHI, Oct 30 (Reuters) - India's finance minister Arun Jaitley criticised the Reserve Bank of India (RBI) for failing to prevent lending excess in a speech on Tuesday."The central bank looked the other way when banks gave loans indiscriminately during 2008 to 2014," Jaitley said while speaking at an event in New Delhi.Tensions between the finance ministry and the RBI have risen since the bank...Read More
Investing.com - Gold prices fell on Tuesday as the safe haven demand for the dollar was boosted by concerns over the pending trade dispute between the U.S. and China.At 10:25 AM ET (14:25 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange lost $6.80, or 0.55%, to $1,225.80 a troy ounce.Meanwhile, the U.S. dollar index, which measures the greenback&rs...Read More
* European stocks stumble back into the red* French consumer spending data, Italian GDP weighs* Dollar at 2 1/2-month high, Wall Street futures point higher* Yuan at 10-year low, metals sink on trade war worries* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Oct 30 (Reuters) - European shares laboured in the red and China's yuan hit a 10-year low on Tuesday as the pr...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock minerals The combined sector helped push the real gross domestic product (GDP) up for a seventh consecutive month, edging up 0.1% in August.StatsCan said growt...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe higher grade scenario is focused on 54Mt grading 0.86% copper equivalent, with the scoping work due for completion this quarter.Xanadu will also now look at the potential of definin...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithium The best intercept was 583m at 0.59g/t gold and 0.41% copper.Seabridge said it had intersected some "exceptional w...Read More
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LONDON, ON. - Fortune Minerals reports that the governments of Canada and the Northwest Territories have accepted the environmental assessment approval for the modified Tlicho all-season road. The modifications were developed with the Tlicho government through a consultation process managed by the Mackenzie Valley Environmental Impact Review Board. The Tlicho government also approved the board...Read More
Thunder Bay, ON - Wolfden Resources continues to drill high-grade massive sulphide mineralization at its Pickett Mountain project in Maine, where it has two diamond drills turning.In its latest results, Wolfden reported a 12.7-metre intercept starting from 240 metres below surface, and grading 6.6% zinc, 2.8% lead, 1.5% copper, 99.4 g/t silver, and 0.6 g/t gold (or 10.9% combined zinc, lead and co...Read More
Our global operations need billions of dollars of goods and services every year to support the extraction of products for our customers - safely, productively and sustainably.When our Supply teams buy these good and services they create partnerships with global suppliers and local businesses in our communities.And these partnerships extend way beyond the standard buyer/seller relationship.The Trom...Read More
BHP Billiton Ltd.'s giant Olympic Dam mine in Australia's Outback is a labyrinth of 450 kilometers of tunnels and roads - an ideal testing ground for the industry's burgeoning shift toward cleaner power.Taking about 30 minutes to drive from top to bottom, there's ample opportunity for the world's biggest miner to test electric SUVs in a bid to cut both costs and pollution, including potentially ha...Read More
China's stimulus efforts aimed at preventing the economy from slowing further and minimizing the impact of U.S. tariffs are supporting raw materials demand, according to Rio Tinto Group."The Chinese machine is still working very well," CEO Jean-Sebastien Jacques said Tuesday in an interview with Bloomberg Television.China has had a spurt of local bond issuance intended to fund roads, homes and oth...Read More
The world's largest mining company, BHP (ASX, NYSE:BHP) (LON:BLT) today downgraded its economic growth forecasts for the world's two biggest economies, in what it calls a "lose-lose" outcome from increasing trade tensions.The miner now expects China's GDP growth to be "half to three quarters" of a percentage point lower over the next two years, chief commercial officer Arnoud Balhuizen said at a m...Read More
* Russia's Novak: No need to freeze or cut oil output levels* Markets nervous after broad decline last week* Trump's sanctions on Iran tested by oil-thirsty China, India(Updates with settlement price, adds commentary)By Stephanie KellyNEW YORK, Oct 29 (Reuters) - Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, after Russia signaled that out...Read More
* Reliance is India's second most valuable listed company* Shares slump amid domestic woes: https://tmsnrt.rs/2BXsjtu* India's petrol is very expensive: https://tmsnrt.rs/2Ol51EM* Reliance sees long-term future in petrochemicalsBy Koustav Samanta and Promit MukherjeeSINGAPORE/NEW DELHI, Oct 29 (Reuters) - Reliance Industries RELI.NS , currently India's second most valuable listed company, got ri...Read More
* Aircraft sank after crashing into sea, wreckage found* Pilot had asked to return to Jakarta* Plane lost contact 13 minutes after takeoff* No sign of any survivors (Adds authorities taking away 24 body bags)By Cindy Silviana and Bernadette Christina MuntheJAKARTA, Oct 29 (Reuters) - An Indonesian airliner crashed into the sea on Monday, with the likely loss of all 189 people on board, as it tried...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* Nasdaq leads losses in volatile session* Amazon, Netflix among declining big growth names* Financials, staples mitigate declines* Red Hat surges on $34 bln purchase by IBM (NYSE:IBM)* Indexes down: Dow 0.99 pct, S&P 0.66 pct, Nasdaq 1.63 pct(Adds graphic on FANG stocks)By Lewis KrauskopfOct 29 (Re...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.What does tight oil have in common with Facebook, Apple, Amazon, Netflix and Alphabet's Google stocks (known as FAANG stocks)? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It's the hot investment...Read More