Investing.com - Gold prices were higher on Wednesday, as political uncertainty weighed on the U.S. dollar and investors looked ahead to meeting minutes from the Federal Reserve.Comex gold futures for December delivery rose 0.20% to a one-week high of $1,202.40 a troy ounce as of 10:25 AM ET (14:25 GMT).The minutes from the Fed’s latest policy meeting come out at 2:00 PM ET (18:00 GMT), which...Read More
(Bloomberg) -- Making America great again isn’t proving so great for other parts of the world.With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump’s trade war threatens China, the U.S. is set to be the only Group of Seven nation to see economic growth accelerate this year as Trump’s tax cuts kick in.The end of the shor...Read More
* Record high for S&P 500 fails to inspire markets* Manafort conviction and Cohen guilty plea add uncertainty* Dollar enters sixth session of selling* EM stocks extend gains on dollar fall* Graphic: Earnings growth in U.S. and Europe: https://reut.rs/2LkECRE* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, Aug 22 (Reuters) - Stocks faltered and bonds rose on Wednes...Read More
* Record high for S&P 500 fails to inspire markets* Manafort conviction and Cohen guilty plea add uncertainty* Dollar steadies after five sessions of heavy selling* EM stocks extend gains on dollar fall* Graphic: Earnings growth in U.S. and Europe: https://reut.rs/2LkECRE* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, Aug 22 (Reuters) - Stocks faltered and bonds...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliSeveral years ago, a senior executive of an international resources company was being quizzed by a group of investors about how...Read More
Arizona deal a sign of relaxed capital discipline?M&ASolGold set to shineSPONSOREDsolgoldHe highlighted at this week's annual profit briefing that the mine was now the "only part of our business which is not delivering an acceptable return on capital".It means the stage is ...Read More
LUSAKA, Aug 22 (Reuters) - NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), on Wednesday launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years.Zambia, Africa's second-largest producer of the metal, saw output rise 10.6 percent in the first half of the year on the back of stable power supply and relatively higher meta...Read More
(Bloomberg) - Companies that make and move things are now a bigger part of Canada's stock market than those that dig them up.Industrial stocks such as Canadian National Railway Co., ATS Automation Tooling Systems Inc. and plane maker Bombardier Inc. have surpassed materials as the third-largest sector on the S&P/TSX Composite Index for the first time in at least 17 years.The move comes as industri...Read More
BELGRADE, Aug 22 (Reuters) - China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Belgrade-based Vecernje Novosti daily reported on Wednesday.A day earlier, Serbia's Economy Ministry announced only that companies from Canada, China and Russia had bid.The newspaper, without citing sou...Read More
LUSAKA, Aug 22 (Reuters) - Zambian copper output rose 10.6 percent to 402,222 tonnes in the first half of the year, the central bank governor Denny Kalyalya said on Wednesday.Zambian copper mining industry has been increasing production of the metal thanks to stable power supply and relatively higher metal prices in recent months.(By Chris Mfula; Editing by James Macharia)Read More
Cassini Resources, which is trying to advance a nickel-copper-PGE sulphide deposits and gold in Western Australia, received a US$3.09 million placement from Chinese lithium-ion battery materials manufacturer, Guangzhou Tinci Materials Technology. Announced last week, the dealwill result in the issue of approximately 68.8 million new ordinary shares at a price of A$0.061 per share. The placement pr...Read More
* WhatsApp under fire for failure to tackle fake messages* WhatsApp CEO assures Indian govt of action, will develop tools* India biggest market for WhatsApp; complaint redressal to start* WhatsApp to comply with central bank directive on financial data (Adds details, comments)By Aditya KalraNEW DELHI, Aug 21 (Reuters) - India said Facebook-owned WhatsApp had pledged on Tuesday to develop tools tha...Read More
* Smaller renewable firms starved of growth capital* Face stiff competition from well-funded, bigger firms* Mid-size firms with debt finding it hard to refinanceBy Promit MukherjeeMUMBAI, Aug 21 (Reuters) - Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond...Read More
* International markets prepare for U.S. sanctions vs Iran* U.S.-China trade dispute threatens global economic growth* U.S. crude oil stocks fall 5.2 mln bbls -API (Adds API data on U.S. crude stockpiles)By Stephanie KellyNEW YORK, Aug 21 (Reuters) - Oil rose to its highest level in a week on Tuesday, buoyed by the prospect of U.S. sanctions on Iran, though the trade dispute between Washington and...Read More
Investing.com - Gold prices traded higher on Tuesday as U.S. President Donald Trump’s critique of the Federal Reserve led to a softer dollar, upping the demand of foreign currency holders for the dollar-denominated asset.At 10:56 AM ET (14:561 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $1.40, or 0.12%, to $1,196.00 a troy ounce....Read More
* Dollar falls for fourth day, worst run since March* Greenback weakness boosts EM FX and commodities* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* For a live blog on European stocks, type LIVE/ in an Eikon news window (Adds detail, updates prices.)By Alasdair PalLONDON, Aug 21 (Reuters) - Critical comments by U.S. President Donald Trump about the country's central bank saw the dollar...Read More
* Dollar falls for fourth day, worst run since March* European stocks lower with FTSE underperforming* Dollar weakness boosts EM FX and commodities* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* For a live blog on European stocks, type LIVE/ in an Eikon news windowBy Alasdair PalLONDON, Aug 21 (Reuters) - Critical comments by U.S. President Donald Trump about the country's central bank...Read More
Aug 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points lower at 7,575 on Tuesday, according to financial bookmakers.* BHP: Global miner BHP BLT.L posted a 33 percent jump in annual underlying profit on Tuesday on robust oil and copper prices and paid a record final dividend, although it pushed out the timing for some future cost savings. is also assessing the impact of an ongo...Read More
(Bloomberg) -- BHP Billiton (LON:BLT) Ltd. paid out a record dividend and pledged to also return the proceeds of recent asset sales as profit jumped to the highest in four years on stronger prices and higher copper output.The world’s top miner raised its annual dividend 42 percent to $1.18 a share, which included a record final payment, though didn’t confirm details of plans to hand ba...Read More
Last week GDX and GDXJ were down almost 12% at their lows on Thursday. Since then, they've recovered but only a tiny fraction of recent losses.The crash did result in the miners reaching an extreme oversold condition while trading around long-term support at their December 2016 lows. It was the perfect setup for shorts to cover. That combination often results in at least a relief rally.While a ral...Read More