By Manoj KumarNEW DELHI, Sept 19 (Reuters) - India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall in the rupee.As an "extreme" measure, the government could also look at raising dollars by tapping expatriates to invest in bonds for non-resident I...Read More
* FTSE 100 up 0.4 pct* Sterling hit by Brexit fears* Kingfisher falls after poor French performance drags* Miners rally as copper prices rise on trade war hopes (Updates prices, adds details, quotes)By Helen ReidLONDON, Sept 19 (Reuters) - Britain's top share index extended its rally on Wednesday to hit a near two-week high as investors focused on hopes a U.S.-China trade war was losing intensit...Read More
* STOXX up 0.3 percent* Miners rise 3.1 pct, autos up 1.5 pct* Adecco (SIX:ADEN), Kingfisher (LON:KGF) down after updates* Linde jumps 8 pct after progress on Praxair merger (Updates prices, adds quotes, details)By Danilo Masoni and Helen ReidMILAN/LONDON, Sept 19 (Reuters) - A rally in European shares extended for a second day on Wednesday thanks to gains in trade-sensitive mining and autos s...Read More
Investing.com - Gold prices headed higher on Wednesday as the dollar held steady with news flow over trade at a standstill.At 10:37 AM ET (14:37 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $4.60, or 0.38%, to $1,207.50 a troy ounce.China struck a conciliatory tone on Wednesday, as Premier Li Keqiang told a World Economic Forum conference...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.2 pct* Sterling jumps after unexpected rise in inflation* Kingfisher falls after poor French performance drags* Miners rally as copper prices rise on trade war hopesBy Helen ReidLONDON, Sept 19 (Reuters) - A rally in Britain's FTSE 100 was stopped in its tracks on Wednesday as an unexpected jump in UK infla...Read More
MILAN, Sept 19 (Reuters) - European shares hit two-week highs on Wednesday, led higher by materials stocks, while disappointing updates from staffing firm Adecco ADEN.S and home improvement retailer Kingfisher KGF.L weighed.The pan-European STOXX 600 .STOXX rose 0.3 percent by 0713 GMT with sentiment supported by hopes that the U.S. and China will return to the negotiating table after the late...Read More
Orla hits 147.7m at 1.25% copperResource definitionChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesOver recent months, I have sat through dozens of presentations from early-stage companies in the biotechnology...Read More
In the past year, Vancouver's Oxygen Capital has raised $83 million for the startup mining companies in its stable.Most of that money would have been spent outside of B.C. on exploration and development, because until just recently, all of the companies that Oxygen has launched have been focused on later-stage exploration and discovery projects outside of B.C.But Oxygen Capital now has a B.C. comp...Read More
LONDON, Sept 19 (Reuters) - Base metals producer Central Asia Metals (CAML) on Wednesday reported a more than doubling in first-half revenue and profits following the acquisition of a mine in Macedonia and said it was actively looking for new opportunities to expand.Aim-listed CAML bought the Sasa zinc and lead mine in Macedonia in September 2017 for $402.5 million, with a combination of deb...Read More
NEW DELHI, Sept 18 (Reuters) - India sees rupee value of 72-73 against the U.S. dollar as "fair value," a senior finance ministry source said on Tuesday, after the government announced a raft of measures last week to stabilise the falling local currency.The rupee INR=D2 had fallen more than 11 percent against the dollar this year and is the worst performing Asian currency. It was trading at 72.40...Read More
* OPEC, non-OPEC ministers to meet in Algeria on Sunday* Geopolitical risk supports prices after Russian plane downed* Market watching U.S.-China trade war impact on oil demand* U.S. crude oil stocks rise 1.2 mln bbls last week -API (Adds API data on U.S. crude stockpiles in paragraphs 4, 5)By Stephanie KellyNEW YORK, Sept 18 (Reuters) - Oil futures rose more than 1 percent on Tuesday on signs tha...Read More
(Adds background)Sept 18 (Reuters) - India has delayed the implementation of higher tariffs on some goods imported from the United States to Nov. 2, according to a government order that put off for a second time retaliatory action against U.S. import tariffs on steel and aluminium.Trade differences between India and the United States have risen since President Donald Trump took office, but India's...Read More
Investing.com - Gold prices headed lower on Tuesday as the dollar held its ground after the U.S. and China announced their latest round of measures in the escalating trade conflict.At 11:14 AM ET (15:54 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $2.00 or 0.17%, to $1,203.80 a troy ounce.U.S. President Donald Trump said in a statement...Read More
* Trump imposes 10 pct tariffs on $200 bln goods from China* China says will retaliate, but markets shrug* China bluechip shares up 2 percent as Asia rallies* European stocks, U.S. futures nudge higher* Dollar flat in FX markets, government bonds make ground* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhLONDON, Sept 18 (Reuters) - Who's afraid of the big bad trade war? Not world stock m...Read More
* Trump imposes 10 pct tariffs on $200 bln goods from China* China says will retaliate, but markets shrug* China bluechip shares up 2 percent as Asia rallies* European stocks, U.S. futures go higher* Dollar flat in FX markets, government bonds make ground* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhLONDON, Sept 18 (Reuters) - Who's afraid of the big bad trade war? Not world stock mark...Read More
* NSE index down 0.26 pct, BSE index 0.2 pct lower* Financial stocks drag* Bank of Baroda falls on merger newsBy Tanvi MehtaSept 18 (Reuters) - Indian shares were lower on Tuesday dragged by financial stocks, as sentiment across the globe turned sour amid worsened trade tensions between the U.S. and China.Asian shares fell, and copper prices eased after Washington announced new tariffs on Chines...Read More
(Adds newspaper report on Chinese trade delegation in para 11, updates prices throughout)* S&P500 E-mini futures down 0.2 pct* MSCI ex-Japan Asia-Pacific down 0.3 pct, but Nikkei up sharply* Trump imposes 10 pct tariffs on $200 bln goods from China* U.S. 10-year bond yields retreat from 4-month highsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, Sept 18 (Reuters) - Asian shares fell and copper...Read More
* S&P500 E-mini futures down 0.2 pct* MSCI ex-Japan Asia-Pacific down 0.3 pct, but Nikkei up sharply* Trump imposes 10 pct tariffs on $200 bln goods from China* U.S. 10-year bond yields retreat from 4-month highsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, Sept 18 (Reuters) - Asian shares fell and copper prices eased on Tuesday after Washington announced new tariffs on Chinese imports, infla...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementosAs I ranted the other day, we are constantly bombarded from all sides by the notion that bigger i...Read More
Fatality at Serabi mine: NMBCapital marketsPartnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesThe country's mining history dates all the way back to 3,000BC when a number of different historical groups including the Romans, Phoenicians, Iberians, Tartessians and Greeks sta...Read More