Investing.com - Gold prices were lower in European trading on Wednesday, edging down for the third straight session as investor sentiment remained skewed toward riskier assets amid optimism surrounding an expected tax reform announcement from U.S. President Donald Trump's administration later in the day.Comex gold futures shed $2.60, or around 0.2%, to $1,264.65 a troy ounce by 3:00AM ET (07:00GMT...Read More
(Adds company news, futures)April 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 2 points on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.05 percent ahead of the cash market open.* LONDON STOCK EXCHANGE GROUP: London Stock Exchange Group LSE.L reported higher quarterly income as its clearing and FTSE Russell businesses grew strongly, and said it is...Read More
April 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 2 points on Wednesday, according to financial bookmakers.* BHP: BHP Billiton BHP.AX , BLT.L on Wednesday trimmed its full-year production guidance for iron ore, coking coal and copper due to bad weather at mines in Australia and industrial action in Chile over the last quarter. ROYAL BANK: British Bank Royal Bank of Scotland...Read More
Description This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved. For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making. Our analysts are based in the markets they analyse and work with...Read More
Shares in Freeport McMoRan Inc (NYSE:FCX), the world's second largest copper producer, raced out of the gate on Tuesday after the company released first quarter results that showed less damage from problems at its Indonesian operations than previously anticipated.In heavy trade of more than 29m shares by lunchtime Freeport jumped by as much 9.3% affording the counter a $18.98 billion market value...Read More
Shares in world's largest heavy machinery maker Caterpillar (NYSE:CAT) jumped Tuesday as it reported a first quarter profit that far exceeded estimates thanks to a long-awaited pick up in sales and improved demand.For the first time in more than two years, the Peoria, Illinois-based company registered an increase in sales in several of the industries it serves, which boosted its revenue and profit...Read More
* STOXX 600 hits 20 month high* AMS jumps after results* Dior up after buyout deal (Adds detail and quotes, updates prices)By Kit ReesLONDON, April 25 (Reuters) - Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 .STOXX index scoring its fifth straight session of gains.Th...Read More
* European shares add to Monday gains, Asia bourses rise* Euro up but off Monday highs, yen retreats* German/French yield gap tightens as politucal risk seen lower* Markets await Trump tax announcement on Wednesday* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, April 25 (Reuters) - World stocks hit record highs on Tuesday, with investors' relief at centrist Emm...Read More
* STOXX 600 up 0.1 pct* France's CAC pauses for breath* AMS jumps after results* Dior up after buyout deal (Adds detail and quotes, updates prices)By Kit ReesLONDON, April 25 (Reuters) - Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now.The pan-European STOXX 600 .STOXX index was up 0.1 percent, on track for...Read More
(Adds company news, futures)April 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* WHITBREAD: Britain's Whitbread Plc WTB.L , which runs the Costa Coffee chain and Premier Inn hotels, said it expected the consumer environment to deteriorate next year. VIRGIN...Read More
Investing.com - Gold prices were lower in European trading on Tuesday, edging down for the second straight session as investor sentiment remained skewed toward riskier assets in the wake of the French election results on Sunday.Comex gold futures shed $4.10, or around 0.3%, to $1,273.40 a troy ounce by 2:45AM ET (06:45GMT). Meanwhile, spot gold was at $1,272.30, down 0.2%.The yellow metal lost $11...Read More
April 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points on Tuesday, according to financial bookmakers.* BRITAIN/EU: The snap general election called by British Prime Minister Theresa May will reduce the already limited time available to negotiate a Brexit deal, an influential EU lawmaker said on Monday. International Consolidated: Spanish airline Iberia could open a new ea...Read More
World number two gold producer Newmont Mining (NYSE: NEM) announced first quarter 2017 results on Monday that show adjusted net income of $133 million or $0.25 per diluted share and a 20% jump in year on year earnings to $566 million.The Denver-based company increased net operating cash flow from continuing operations to $379 million and free cash flow to $199 million, up $322 million from the...Read More
Anglo American's (LON:AAL) iron ore output climbed more than 20% in the quarter ended in March thanks to improved productivity rates at its South Africa's Kumba division and the continued ramping-up of its massive Minas Rio in Brazil.The world's number five diversified miner revealed Monday it produced 14.8 million tonnes of iron ore in the first quarter, up from the 12.3 million tonnes it report...Read More
(Adds company news items, futures)April 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 39 points at 7,153 on Monday, according to financial bookmakers, with futures FFIc1 up 1 percent ahead of the cash market open.* ANGLO: Anglo American AAL.L on Monday reported a 9 percent rise in overall production for the first quarter of 2017 compared with 2016, but copper output fell 3 per...Read More
Investing.com - Gold prices were down sharply in European trading on Monday, as investors dumped safe-haven assets after results showed centrist candidate Emmanuel Macron won the first round of the French presidential election.Comex gold futures shed $16.80, or around 1.3%, to $1,272.34 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was at $1,271.20.The yellow metal fell by as much as...Read More
April 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 39 points at 7,153 on Monday, according to financial bookmakers.* RIO TINTO: Freeport McMoRan Inc FCX.N collected a permit to resume copper exports from Indonesia on Friday after a hiatus of more than three months, hours after a state visit by U.S. Vice President Mike Pence, who discussed the copper miner's dispute with Jakarta...Read More
Nearly three years after a tailings dam at Mount Polley copper-gold mine in British Columbia breached, mine owner Imperial Metals (TSX:III) has been granted a water discharge permit from the B.C. government that will allow the company to flow treated mine wastewater into Quesnel Lake.CBC News reported last week that the BC Liberal government, which faces an election on May 9, approved the long-ter...Read More
Investing.com - Gold prices edged higher on Friday as investors remained cautious ahead of the first round of voting in the presidential French election, underpinning safe haven demand for the precious metal.Gold for June delivery settled up 0.13% at $1,285.5 on the Comex division of the New York Mercantile Exchange. For the week, gold futures were down 0.81%.Polls indicated that centrist Emmanuel...Read More
BHP Billiton's (ASX: BHP) (LON:BLT) leading investors are pressing the company's management not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.Speaking to Financial Times (subs. required), Aberdeen Asset Management, the third-largest shareholder in BHP's London-listed arm, said a demerger...Read More