Investing.com - Gold prices moved higher on Friday, as the U.S. dollar weakened broadly, although the Federal Reserve's hawkish stance this week was expected to limit the precious metal's gains.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.42% at $1,233.72.The June contract ended Thursday's session 1.59% lower at $1,228.60 an ounce.Futures were...Read More
(Adds company news, futures)May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 14-16 points on Friday, according to financial bookmakers, with futures FFIc1 down 0.2 percent ahead of the cash market open.* IAG: British Airways owner IAG ICAG.L reported operating profit and revenue ahead of expectations on Friday, posting a record first-quarter performance in what is usually the...Read More
May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 14-16 points on Friday, according to financial bookmakers.* BHP: A second BHP Billiton (LON:BLT) Ltd BHP.AX BHP.L shareholder has made a public push for strategic changes at the world's largest miner, with the Sydney-based Tribeca Global Natural Resources Fund calling for the company to divest U.S. shale assets and to review its...Read More
(Updates prices, adds comments)* European shares near 21-month high after upbeat data, earnings* Copper hits lowest since early January* U.S. stocks muted after House passes Obamacare repealBy Rodrigo CamposNEW YORK, May 4 (Reuters) - Crude oil prices tumbled on Thursday, erasing the gains made since a production cut deal last November, while the euro strengthened against the U.S. dollar as a pro-...Read More
Courtesy of: Visual CapitalistWhether we're discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.There are many examples of strong and mutually-beneficial trade relationships all throughout history, but one doesn't have to look far back to find what could be considered...Read More
* STOXX up 0.7 pct; DAX at record high, CAC at 9-year peak* More than 80 pct of European firms beat revenues so far* Banks led higher by HSBC jump* Oil stocks turn lower as crude prices slump* Well-received earnings boost InBev, Andritz, Ferrari (NYSE:RACE) (Adds details, closing pries)By Danilo Masoni and Kit ReesMILAN, May 4 (Reuters) - European shares powered ahead on Thursday as earnings, ec...Read More
(Updates trading, changes comment, dateline; previous LONDON)* European shares at 20-month high after upbeat data, earnings* Copper hits four-month lowBy Rodrigo CamposNEW YORK, May 4 (Reuters) - Crude oil prices continued to fall on Thursday, erasing the gains made since a production cut deal last November, while the euro strengthened against the U.S. dollar as a pro-European Union centrist looke...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* European shares at 20-month high after upbeat data, earnings* Dollar holds gains after Fed downplays slower Q1 growth* Chances of Fed rate hike in June jump to 72 percent* Asia stocks lower, after subdued Wall Street* U.S. House expected to vote on Obamacare repeal bill on Thursday* Oil below $50 on smaller-than-expected U.S. inventory de...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* Dollar holds gains after Fed downplays slower Q1 growth* Chances of Fed rate hike in June jump to 72 percent* European markets at 20 month high* Asia stocks lower, after subdued Wall Street, Europe performance* U.S. House expected to vote on Obamacare repeal bill on Thursday*Oil slips on smaller-than-expected U.S. inventory declineBy Marc...Read More
(Adds company news, futures)May 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points higher on Thursday, according to financial bookmakers, with futures FFIc1 up 0.5 percent ahead of the cash market open.* ROYAL DUTCH: Royal Dutch Shell RDSa.L reported a sharp rise in net profit on Thursday, ahead of analyst forecasts and supported by stronger oil prices and improved refining mar...Read More
Investing.com - Gold prices dropped to a six-week low in European morning trade on Thursday, adding to overnight losses after the Federal Reserve left the door open to raising interest rates in June.Comex gold futures sank to a session low of $1,234.80 a troy ounce, a level not seen since March 21. It was last at $1,235.70 by 2:55AM ET (06:55GMT), down $12.80, or about 1%. Meanwhile, spot gold was...Read More
May 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points higher on Thursday, according to financial bookmakers.* BHP: Australia warned on Thursday that a push by activist investor Elliott Management to ditch global miner BHP Billiton's BLT.L dual listing may be a criminal offence and could be subject to civil penalties. ROYAL BANK: Investor advisory firm Institutional Shareholder...Read More
(Adds PDVSA, New Mountain Capital LLC, Delphi Automotive Plc, Nokia, Telia, Glencore Plc, Thyssenkrupp, Scripps Networks Interactive , Ecoasis)May 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:** PetroVietnam's joint venture with Venezuela's state-run oil company PDVSA remains stalled but the Vietnamese company hopes ongoing talks...Read More
The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Conga mine.The U.S.-based gold miner appealed a decision by a lower court in 2014 that ruled in favour of potato farmer M??xima Acu??a.Community opposition to the $5 billion copper and gold project forced Newmont to walk away from it last y...Read More
Two coal miners have died and more than 50 remain trapped after an explosion in a mine located in Iran's northern Golestan province.Speaking to Press TV, the English-language arm of Iranian state television, the head of the provincial Red Crescent, Hossein Ahmadi, said there were 26 people trapped. Sadegh Ali Moghadam, the provincial director general of disaster management, provided a similar fig...Read More
The Philippines Congress forced Natural Resources Secretary Regina Lopez from her job Wednesday following mounting complaints from pro-mining groups hurt by her several measures aimed at decreasing the extraction of riches in the country to reduce environmental damage.The lawmakers' move comes only days after she toughened up her already hard-core stance on mining by banning open-pit operations.Du...Read More
Shares in gold miner Centamin (TSX:CEE) (LON:CEY) fell more than 5% Wednesday after the company reported pre-tax profit for the first quarter that was 20% lower than the same period last year due to an output decline.The Egypt-based miner said gold production for the quarter fell to 109,187 ounces in the three months to March 31, down 13% year-on-year, although it said the results were in line wi...Read More
(Adds U.S. stock futures, updates prices)* Main European markets dip in early trade* Drops in iPhone, U.S. auto sales weigh ahead of jobs data* Fed statement eyed for signal of June rate hike* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Patrick GrahamLONDON, May 3 (Reuters) - Falls in iPhone and U.S. car sales helped beat European stock markets back from 20-month highs on Wednesday...Read More
* Main European markets dip in early trade* Drops in iPhone, U.S. auto sales weigh ahead of jobs data* Fed statement eyed for signal of June rate hike* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Patrick GrahamLONDON, May 3 (Reuters) - European stock markets retreated from 20-month highs and the dollar inched up on Wednesday as investors pondered the chances of another rise in U.S....Read More
(Adds company news, futures)May 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 13 points lower on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.10 percent ahead of the cash market open.* BREXIT: Britain will not be paying 100 billion euros to leave the European Union, Brexit minister David Davis said on Wednesday after the Financial Times reported that the E...Read More