FRANKFURT (Reuters) - European Central Bank policymakers stressed at their meeting in October the need to reaffirm plans to dial back monetary stimulus even as some saw growing risks to the economy, minutes showed on Thursday.Investors have been questioning the ECB’s resolve to follow through on plans to stop its bond purchases at the end of the year and raise interest rates sometime after n...Read More
MEXICO CITY, Nov 20 (Reuters) - Shares in Mexican miners Grupo Mexico and Penoles fell sharply on Tuesday after a lawmaker presented a bill that would require the consent of indigenous communities before granting mining concessions on their land.The bill was presented by Senator Angelica Garcia from leftist President-elect Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) party...Read More
LONDON (Reuters) - Mining giant BHP says it will fight an unprecedented English lawsuit filed by hundreds of thousands of Brazilians for multi-billion pound damages over Brazil’s worst environmental disaster.SPG Law, a British offshoot of a U.S. litigator, represents 240,000 individuals in Brazil, 24 municipal governments, a Roman Catholic Archdiocese and members of the Krenak indigenous com...Read More
LONDON (Reuters) - Europe’s share markets fell back into the red on Thursday, as investor worries about slowing global growth in the face of rising U.S. interest rates and trade tensions outweighed crucial Brexit progress.Chinese markets had extended their slump in Asia amid the trade war with the United States, and with Wall Street closed later for Thanksgiving and trading therefore lighter...Read More
Andrew Osborn, Maria TsvetkovaMOSCOW (Reuters) - The head of Russia’s military intelligence agency that the West has blamed for a string of brazen attacks died on Wednesday after “a serious and long illness”, the Russian defense ministry said on Thursday, hailing him as a “true son of Russia.”The Ministry of Defense heaped praise on Colonel-General Igor Korobov, 62, w...Read More
European stocks traded lower Thursday, although volumes were low owing to the U.S. Thanksgiving holiday, as investors took a cautious stance ahead of a key weekend summit on Brexit and the ongoing budget standoff between Rome and Brussels. However, news that British and EU negotiators had reached an agreement on the draft text of a deal that will both establish Britain's EU exit procedures...Read More
Alufer Mining's first shipment of bauxite from its Bel Air project in Guinea has arrived in China, the company said on Thursday November 22. The shipment, totaling 203,009 tonnes, was shipped to Qingdao port in China after being sold to Aluminum Corp of China (Chalco) - the country's largest alumina and primary aluminium producer. The Bel Air mine is on on track to produce 5.5 million tonnes per y...Read More
OTTAWA, Nov 22 (Reuters) - Vulnerabilities in the Canadian housing market are still high despite rising interest rates and tighter mortgage rules, Bank of Canada senior deputy governor Carolyn Wilkins said on Thursday.Wilkins told a housing conference in Ottawa that the vulnerabilities would not disappear quickly given they had been building for a long while. The central bank is watching closely t...Read More
PALM BEACH, Florida (Reuters) - U.S. President Donald Trump hinted on Thursday he may visit Afghanistan, scene of one of America’s longest wars but a country he has yet to visit almost two years into his presidency.Delivering a Thanksgiving Day holiday message by teleconference to troops in Afghanistan, Trump told a U.S. Air Force general he would see him back in the United States, before ad...Read More
BIRMINGHAM, England (Reuters) - A race by aerospace giants Rolls-Royce (RR.L) and Airbus (AIR.PA) to stockpile parts before Brexit is pushing some small suppliers to breaking point.With just over four months until it leaves, and political bickering continuing, Britain is yet to sign off on its divorce terms with the European Union, forcing companies to prepare for a disorderly exit from the world&...Read More
ALMATY, Nov 22 (Reuters) - Canada's Centerra Gold has promised Kygyzstan's government that it will produce at least 15.5 tonnes of gold at the giant Kumtor mine this year, the Kyrgyz prime minister's press service said on Thursday.Last year the firm produced 17.5 tonnes, it said. (Reporting by Mariya Gordeyeva; writing by Tom Balmforth; editing by Jason Neely) Disclaimer: The views expressed in t...Read More
LONDON (Reuters) - The euro briefly rallied to the day’s highs on Thursday after Britain and the European Union agreed in principle to a text setting out their future relationship before a summit on Sunday.European Council President Donald Tusk said the text had been discussed by British Prime Minister Theresa May and European Commission President Jean-Claude Juncker and plans to have a trad...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
MUMBAI/BENGALURU (Reuters) - Physical gold demand in India was robust this week as consumers stepped up purchases during the traditional wedding season after domestic rates slipped to a near six-week trough, while gains in global prices weighed on bullion’s appeal in other Asian hubs.Demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year g...Read More
BRUSSELS/LONDON (Reuters) - Britain and the European Union agreed a draft text setting out a close post-Brexit relationship, officials said, though wrangles over fish and the future of Gibraltar must still be settled before leaders meet on Sunday.Thursday’s news sent the pound nearly one percent higher on relief among investors that 18 months of tense negotiation were bearing fruit, keeping...Read More
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