* Trump: "OPEC monopoly must get prices down now!"* OPEC gathering unlikely to agree change in oil output* U.S. sanctions on Iran oil exports start on Nov. 4 (Recasts with pullback in prices; updates with settlement prices)By Jessica Resnick-AultNEW YORK, Sept 20 (Reuters) - Oil prices eased on Thursday, pulling back after U.S. President Donald Trump urged OPEC to increase production at...Read More
NEW DELHI, Sept 20 (Reuters) - Many Indians are switching off air conditioners in cars and going to gas pumps across state borders in a bid to save money, as petrol prices across the country hover at record-high levels.Protests against high petrol and diesel prices paralysed many parts of India earlier this month, shutting businesses, government offices and schools. The government blamed the high...Read More
(Updates prices)* MSCI World index hits 3-week high, but Chinese stocks dip* Brexit hopes, strong data lift pound to 2-month high* Dollar down at 7-week low, Treasury yields edge up* Norwegian crown falls as central bank trims rate forecasts* World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, Sept 20 (Reuters) - A bounce in world stocks on relief that fresh U.S. and Chinese tari...Read More
Investing.com - Gold prices headed lower on Thursday despite a weaker dollar amid ebbing trade concerns as investors awaited economic data later in the session and looked ahead to the Federal Reserve’s policy session next week.At 5:54 AM ET (9:54 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $0.70 or 0.06%, to $1,207.60 a troy ounc...Read More
Investors have pulled much capital out of gold in recent months in a major mass exodus. Their sentiment waxed very bearish as gold was pounded lower by extreme record gold-futures short selling. The latest record stock-market highs also suppressed the perceived need for diversifying portfolios with gold. But this heavy investment gold selling is slowing, and should reverse sharply once stock marke...Read More
Fatality at Serabi mine: NMBCapital marketsOrla 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 platformSPONSOREDelementos In a wide-ranging interview, the pair pointed to the near-term emergence of the first cab-less haul truck https://www.mining-jou...Read More
Chile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe government last week provided further proof of its resolve to continue pushing down the road to...Read More
SANTIAGO, Sept 20 (Reuters) - Global miner BHP Billiton Ltd said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations.No one was injured in the fire, which has since been extinguished, the company said."Operations in the area were stopped immediately and we undertook the safeguards and procedures necessary to protect our workers," a company rep...Read More
BEIJING, Sept 20 (Reuters) - The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals.The product, which follows the launch of sugar and soymeal options last year, comes as the exchange also considers opening its flagship copper futures to foreign inv...Read More
(Adds dropped word in first paragraph)* NSE index down 0.4 pct, BSE index 0.5 pct lower* Financials top drag on both indexesSept 19 (Reuters) - Indian shares gave up early gains to close lower on Wednesday, declining for a third straight session to their lowest close since late July, dragged by financials such as HDFC Bank Ltd HDBK.NS and Housing Development Finance Corp HDFC.NS as the rupee h...Read More
(The following statement was released by the rating agency) Fitch Ratings-Singapore/Mumbai-September 18: Fitch Ratings has assigned State Bank of India 's (NS:SBI, BBB-/Stable) proposed senior unsecured debt an expected rating of 'BBB-(EXP)'. SBI plans to use the proceeds from the proposed note issue to finance environmentally friendly projects in accordance with the bank's Green Bond Framewor...Read More
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