BEIJING (Reuters) - China rejected fresh U.S. accusations of perpetuating “unfair” trade practices and urged Washington on Thursday to stop making provocations, showing little sign of backing down days ahead a high-stakes meeting between leaders from both countries.President Xi Jinping is due to hold talks with U.S President Donald Trump during a G20 summit in Argentina at the end of t...Read More
TOKYO (Reuters) - Japan’s annual core consumer inflation was unchanged in October from the previous month as soft household spending kept firms from hiking prices, a sign the economy lacks the momentum needed to achieve the central bank’s 2 percent target.The nationwide core consumer price index (CPI), which strips away the effect of volatile food costs, rose 1.0 percent in October fro...Read More
Drilling Belmont's Kibby Basin lithium prospect in Nevada. Source Belmont Resources Inc.Belmont Resources Inc. [BEA-TSXV, L3L1-FSE] said Thursday November 22 that it is poised to commence drilling at its Kibby Basin lithium brine project in Nevada, likely after the Thanksgiving holiday.The company said drill hole KB-4 will target a prominent structure within the large MT (magnetotelluric) anomaly...Read More
Drilling NexGen Energy's Rook 1 property in the Saskatchewan's Athabasca Basin. Source: NexGen Energy Ltd.NexGen Energy Ltd. [NXE-TSX, NYSE] on Thursday November 22 released geotechnical and radioactivity results for 29 drill holes that targeted the company's 100%-owned Rook 1 uranium property in northern Saskatchewan's Athabasca Basin.The announcement follows a prediction by Uranium Energy Corp....Read More
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said a slowdown in the central bank’s bond buying is different in nature from the U.S. Federal Reserve’s tapering of asset purchases, signaling that Japan is nowhere near an exit from ultra-loose monetary policy.But Kuroda also said the BOJ would need to shrink the size of its balance sheet once inflation accelerates, suggesting...Read More
Turkish steel producers have resumed their deep-sea scrap purchases after getting lower prices from Europe, sources said on Thursday November 22.The mills in the country were looking for lower prices for scrap because of their fears of renewed product outflows from China and consequently weakening prices for rebar.A steel mill broke the...Read More
BRUSSELS/LONDON (Reuters) - Britain and the European Union have agreed a draft text setting out a close post-Brexit economic relationship, paving the way for a summit of EU leaders to endorse the deal, European Council President Donald Tusk said on Thursday.Britain is due to leave the EU on March 29, 2019 and diplomats are trying to put the finishing touches to a divorce deal and the accompanying...Read More
Three-month base metals prices on the London Metal Exchange continued to give mixed performances this morning, Thursday November 22. Zinc and lead showed weakness with prices down by 0.4% and 0.3% respectively, while tin prices were up by 0.3%. The rest were little changed, with the three-month copper price up by 0.1% at $6,242 per tonne.Volume has been below average with 4,562 lots traded as at 7...Read More
BERLIN (Reuters) - The heads of Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) are ready to attend a meeting at the White House with the Trump administration, but have not yet received a formal invitation, industry sources said on Thursday.The Handelsblatt newspaper on Wednesday cited industry and diplomatic sources as saying the meeting could possibly take place as soon as next week...Read More
The price of cobalt sulfate in China continued to fall this week amid slow trades and aggressive buyer bidding. At the same time, a number of producers told Fastmarkets that they have stopped offering material into the market because prices are below levels at which they can make a profit. Fastmarkets assessed the price of cobalt sulfate (Co 20.5% min) in China on an ex-works basis at 74,000-78,00...Read More
CARACAS, Nov 22 (Reuters) - Preliminary data compiled by Venezuela's central bank shows that the troubled South American nation's economy shrank by 16.6 percent in 2017 compared to the year before, two sources familiar with the matter said on Thursday.The central bank did not immediately respond to a request for comment. (Reporting by Mayela Armas and Corina Pons; Editing by Sandra Maler ) Discla...Read More
MADRID (Reuters) - Chinese President Xi Jinping will travel to Spain next Wednesday for an official visit expected to focus on trade and tourism.On Tuesday, trade ministers will meet representatives of major companies including Spanish banks Santander (SAN.MC) and BBVA (BBVA.MC), Commercial Bank of China, Spain’s Telefonica (TEF.MC), oil company Repsol (REP.MC), China National Building Mater...Read More
PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump said on Thursday the United States was “in very strong” peace negotiations in Afghanistan but he did not known whether they would be successful.“I really think the people of Afghanistan ... are tired of fighting,” Trump told reporters after delivering a Thanksgiving holiday message to U.S. troops in Afghanistan, scene...Read More
JERUSALEM (Reuters) - Lawyers launched a class action lawsuit in Israel on Thursday against Airbnb, accusing the company of “outrageous discrimination” and demanding monetary damages after it withdrew listings of Israeli settlements in the occupied West Bank.The San Francisco-based company said this week it was removing listings of around 200 homes in settlements after hearing criticis...Read More
BEIJING (Reuters) - Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiralling backlash against an advertising campaign that was decried as racist by celebrities and on social media.The ads - released earlier this week to drum up interest in a Shanghai fashion show the Italian brand later canceled - featured a Chinese woman struggling to eat spaghetti and pizza with chops...Read More
Trade log for nickel sulfate in China including transactions, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets MB prices Click here for Fastmarkets MB's price assessment for nickel sulfate, Ni 21% min 22.5% max, China ex-works, yuan/tonne. The exchange rate according to...Read More
ANKARA (Reuters) - A transparent and credible investigation into the killing of Saudi journalist Jamal Khashoggi has not yet been completed, Federica Mogherini, the European Union's foreign affairs chief, said on Thursday, after talks with Turkey's foreign minister.Khashoggi, a critic of the kingdom's de facto ruler Crown Prince Mohammed bin Salman, was killed in the Saudi consulate in Istanbul on...Read More
KIEV (Reuters) - Ukraine's parliament on Thursday appointed Oksana Markarova as Finance Minister nearly half a year after her predecessor Oleksandr Danylyuk was sacked following a public spat with the prime minister.Markarova, who was nominated by Prime Minister Volodymyr Groysman, has served as acting minister since June and been a key negotiator with the International Monetary Fund about a new s...Read More
MEXICO CITY (Reuters) - Mexican consumer price inflation cooled slightly more than expected during the first half of November, data from the national statistics agency showed on Thursday.Annual inflation in Latin America's second-biggest economy eased to 4.56 percent in the first two weeks of November from 4.87 percent in the second half of October, the data showed.A Reuters poll of economists had...Read More
TURAIF, Saudi Arabia (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he sees weak oil demand in January and said the kingdom would respond accordingly to cool the global market’s anxiety.The world’s top oil exporter’s crude output in November is above October levels, he said, adding that it was in no one’s interest to create a supply glut.&ld...Read More