Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

CALGARY - Oilsands producer MEG Energy Corp. says it has selected veteran oilman Derek Evans to replace interim CEO Harvey Doerr.The appointment comes less than five months after Evans' retirement from Pengrowth Energy Corp., where he had been CEO for nine years.At the time, 61-year-old Evans said he would take a few months off but planned to assume an undefined advocacy role for the oil and gas...Read More

NEW YORK, Aug 9 (Reuters) - The U.S. Treasury Department on Thursday sold a record high $18 billion worth of 30-year government bonds to investor demand that was in line with its recent average at a yield of 3.090 percent, Treasury data showed.Indirect bidders, which include fund managers and foreign central banks, bought 62.25 percent of the latest 30-year bond supply, close to its recent average...Read More

The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More

Surging investment across the battery raw materials supply chain, stemming from growing demand for electric vehicles, has fueled an increasing appetite for transparent market intelligence.The spotlight is on lithium especially. Battery technology has evolved to a point of investor and exchange interest, with mass consumer adoption on the cards, but the way the material is priced is yet to make suc...Read More

WASHINGTON (Reuters) - Mexico’s economy minister on Thursday said the country needed to finish bilateral negotiations with the United States, possibly this week or next, before Canada re-joins talks over a revamped North American Free Trade Agreement.The U.S.-Mexico NAFTA talks resumed last week, without Canada at the table, after negotiations involving all three members of one of the world&...Read More

FRANKFURT (Reuters) - Mercedes-Benz sports utility vehicles built in Tuscaloosa, Alabama, are being checked for potential problems by Shanghai customs authorities, Daimler (DAIGn.DE) confirmed on Thursday, as a trade dispute between the United States and China heats up.Mercedes-Benz GLE and GLS models, built in the United States between May 4 and June 12, 2018, have a brake issue which poses a &ld...Read More

LONDON (Reuters) - The Treasury said on Thursday it would soon start putting contingency arrangements in place for financial services regulation if the country crashes out of the European Union without a deal.The Treasury said that firms should still continue to plan for a transition phase of just under two years, which will come into force when Britain leaves the EU in March 2019 as long as the t...Read More

China's hot-rolled coil prices fell on Thursday August 9, dragged down by low demand....Read More

SEOUL/WASHINGTON (Reuters) - North Korea accused the United States on Thursday of pushing for international sanctions despite goodwill moves by Pyongyang and said progress on denuclearization promises could not be expected if Washington continues to follow an “outdated acting script.”A foreign ministry spokesman said in a statement on state-run KCNA that North Korea was still willing t...Read More

PARIS (Reuters) - President Emmanuel Macron will speak with Russian leader Vladimir Putin on Friday about jailed Ukrainian film director Oleg Sentsov, who has been on hunger strike since May and is gravely ill, a source in his Elysee office said.Sentsov, imprisoned on what he says are political charges, began his hunger strike ahead of the World Cup to highlight Russia's human rights record.Report...Read More

RIYADH (Reuters) - A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers after Riyadh froze new trade with Canada and ruled out mediation efforts.Saudi Arabia, angered by Canada’s demand last week that jailed activists in the kingdom be freed immediately, expelled the Canadian ambassador, b...Read More

China's ferrous futures were mixed in the morning trading of August 9 on unclear sentiment. Carbon steel and raw materials contracts diverged in price direction....Read More

BRUSSELS (Reuters) - The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive.In talks to urge Trump to drop hefty new tariffs last month, the EU’s chief executive Jean-Claude Juncker agreed to work to increase imports of U.S. soybeans and LN...Read More

WASHINGTON (Reuters) - U.S. producer prices were unchanged in July for the first time in seven months as a modest increase in the cost of goods was offset by a drop in services, but underlying producer inflation continued to push higher.The Labor Department said on Thursday the unchanged reading in its producer price index for final demand followed a 0.3 percent increase in June. In the 12 months...Read More

LONDON (Reuters) - Former British foreign minister Boris Johnson will be investigated for a possible breach of the Conservative Party’s code of conduct after making comments about Muslim women who wear burqas, a party source said on Thursday.The source said a number of complaints had been received and would be considered by an independent panel.A spokesman for the party declined to confirm t...Read More

Prices for US domestic and imported wire rod remained steady despite softening prices for scrap, with sources expecting little change in the near term....Read More

(Reuters) - Viacom Inc (VIAB.O) reported quarterly revenue below Wall Street estimates on Thursday, as domestic advertising sales fell and the media company collected lower fees from cable TV operators and online distributors.The company said total domestic affiliate revenue fell 3 percent to $978 million, missing estimates of $1.16 billion, according to research and data analytics firm Factset.Vi...Read More

Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices. ...Read More

MOSCOW, Aug 9 (Reuters) - Russia's central bank said on Thursday it was proposing to limit investments made by insurance companies into securities that were issued by a single entity.The central bank said in a statement on Thursday that it proposed to cap such investments by an insurance company to 10 percent of that company's total reserves.The regulator said the proposals were made to increase t...Read More

LONDON (Reuters) - Soft drink bottler Coca-Cola HBC (CCH.L) on Thursday reported higher-than-expected half-year revenue, helped by warm weather across Europe and the World Cup soccer tournament.The bottler of Coca-Cola (KO.N) drinks said net revenue was 3.23 billion euros in the first half of the year, slightly ahead of analysts’ estimates for 3.22 billion, according to Jefferies analysts.Th...Read More