Investing.com - This week precious metals traders will be focusing on U.S. inflation data after the Federal Reserve indicated that it is on track to hike interest rates again in December and early next year.Wednesday’s inflation data is expected to show that U.S. consumer prices rose in October. Investors will get another update on the health of consumers from Thursday’s retail sales n...Read More
* Falling oil prices stock growth worries* Industrial, material shares suffer on China growth worries* U.S. producer prices rise more than expected in October* Tobacco shares fall on e-cigarette restriction worries* Indexes down: Dow 0.77 pct, S&P 500 0.92 pct, Nasdaq 1.65 pct (Updates to close, adds commentary)By Sinéad CarewNEW YORK, Nov 9 (Reuters) - Wall Street's three major stock i...Read More
Nov 12 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
Perhaps even more ironic, much of the BHP train wreck on the line to Port Hedland in Western Australia, including wagons and pieces of the locomotives, could end up in a Chinese scrap-metal yard and become part of a growing scrap problem for iron ore miners. One recent estimate is that 70-80 million tonnes of iron ore could soon be displaced by the rising tide of scrap in China, which is used...Read More
Resolution Copper, a joint venture between giants Rio Tinto and BHP Billiton, demolished a 94-year-old copper smelter stack that belonged to the Magma Mine, now the Resolution Copper Mine near the Arizonian town of Superior, some 60 miles east of downtown Phoenix.According to the company, the chimney stack was structurally unsound and posed a significant threat to safety. "In addition to proactive...Read More
* Sirisena calls election for Jan. 5* Political crisis deepens after dissolution of parliament* Western nations concerned about instability* President sides with pro-China strongman (Updates with comment from the EU)By Shihar Aneez and Ranga SirilalCOLOMBO, Nov 10 (Reuters) - Sri Lanka President Maithripala Sirisena's decision to dissolve parliament, worsening an already major political crisis, ha...Read More
By Benet KolekaNov 10 (Reuters) - Albania's government picked a group led by India Power DPSC.NS Corporation Ltd. to build the Adriatic country's first solar power station worth 70 million euros ($79.34 million) with a capacity of 100 MW, the Energy Ministry said on Saturday.The offer by India Power, Mining Resources FZE based in the United Arab Emirates and the Hong Kong-based Midami Ltd. was the...Read More
NEW DELHI, Nov 10 (Reuters) - -- Source link: https://bloom.bg/2JZlhGV -- Note: Reuters has not verified this story and does not vouch for its accuracyRead More
Nov 10 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
* U.S. crude down 22 pct from October peak, Brent down 20 pct* Iran sanctions impact dampened by broad exemptions* U.S., Russia, Saudi crude output: https://tmsnrt.rs/2Rua0R8* Asia gasoline margins turn negative: https://tmsnrt.rs/2PNUIcZ (New throughout, updates prices and market activity, adds CFTC data)By Devika Krishna KumarNEW YORK, Nov 9 (Reuters) - Oil prices fell nearly 1 percent on Friday...Read More
By Sanjeev MiglaniNEW DELHI, Nov 9 (Reuters) - India's government said it will sell stocks worth millions of dollars seized from people who moved to Pakistan following partition in 1947 and the wars since, as a way to make up for a shortfall in revenues.The stocks worth at least 30 billion rupees ($412.26 million) are part of what India calls "enemy properties" that once belonged to people who wen...Read More
* NSE index down 0.2 pct, BSE index 0.1 pct lower* IT, energy stocks drag; financials top boostNov 9 (Reuters) - Indian shares closed slightly lower on Friday, dragged by top IT and energy stocks, while gains in the financial and consumer counters arrested the downside.The benchmark BSE index .BSESN fell 0.22 percent to 35,158.55, while the broader NSE index .NSEI declined 0.12 percent to 10,585.2...Read More
Investing.com - Gold prices slumped on Friday as inflation data pointed to steady interest rate increases by the Federal Reserve.Comex gold futures for December delivery fell 1.17% to $1,211.90 a troy ounce as of 11:11 AM ET (16:11 GMT).The producer price index (PPI) increased 0.6% in October. The higher-than-expected numbers support the Fed’s gradual rate increase policy, which helped boost...Read More
* Walt Disney (NYSE:DIS) gains on strong Q4 results* General Electric (NYSE:GE) falls after J.P. Morgan cuts PT* U.S. crude in bear territory, below $60 a barrel* Indexes down: Dow 0.58 pct, S&P 0.74 pct, Nasdaq 1.10 pct(Updates to open)By Sruthi ShankarNov 9 (Reuters) - U.S. stocks fell on Friday, with shares of technology, energy and industrial companies bearing the brunt of a selloff, a...Read More
* Walt Disney (NYSE:DIS) gains on strong Q4 results* General Electric (NYSE:GE) falls after J.P. Morgan cuts PT* U.S. crude in bear territory, below $60 a barrel* Futures down: Dow 0.55 pct, S&P 0.58 pct, Nasdaq 0.91 pct (Changes comment, adds details, updates prices)By Sruthi ShankarNov 9 (Reuters) - U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raise...Read More
Nov 9 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -------------------------------------------------...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* Futures down: Dow 0.49 pct, S&P 0.54 pct, Nasdaq 0.82 pctBy Sruthi ShankarNov 9 (Reuters) - U.S. stock index futures fell on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.This gave investors...Read More
* MSCI Asia-Pacific index loses 1.3 pct, Nikkei sheds 1.05 pct* Fed stands pat but still on track to gradually hike rates* Dollar supported with short-term U.S. yields at decade highs* Prospect of swelling global supply keeps crude near 8-mth lows* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Shinichi SaoshiroTOKYO, Nov 9 (Reuters) - Asian stocks pulled back from a one-month high on...Read More
(Bloomberg) -- China’s massive import expo is starting to wind down in Shanghai. From million-dollar shoes to robots and toys, here’s what Bloomberg’s reporters saw as the highlights.There’s been hundreds of deals and agreements signed at the expo, according to Bloomberg calculations. A lot of those have been energy and commodity deals, like Chinalco’s agreement on Th...Read More
* MSCI Asia-Pacific index loses 1.1 pct, Nikkei sheds 0.8 pct* Fed stands pat but still on track to gradually hike rates* Dollar supported with short-term U.S. yields at decade highs* Prospect of swelling global supply keeps crude near 8-mth lows* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Shinichi SaoshiroTOKYO, Nov 9 (Reuters) - Asian stocks pulled back from a one-month high on F...Read More