* Spain sells 4.5 bln euros of bonds, France 9.7 bln euros* FOMC minutes show all policy-makers back rate hike* France, Spain to sell bonds; Italy bond exchange due* German Bund yields pull back from 2-week lows* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds quote, detail on auctions, updates prices)By Dhara RanasingheLONDON, Oct 18 (Reuters) - Government bond yields across the eu...Read More
Buyers held back from trading in the export market for pig iron from the Commonwealth of Independent States during the week ended Thursday October 18, because there was enough material available for them to ignore high offer prices.Fastmarkets' export price assessment for high-manganese pig iron from the CIS was $360-370 per tonne fob Black Sea on October 18, narrowing downward from $360-375 per t...Read More
(Updates domestic closing price, adds details)SHANGHAI, Oct 18 (Reuters) - China's yuan closed at itsweakest in more than 21 months against a broadly stronger dollaron Thursday, as the U.S. Federal Reserve's hawkish stance oninterest rates and the U.S. Treasury's failure to label China asa currency manipulator gave traders confidence to drive the yuanlower.The onshore spot yuan ended the day at 6....Read More
Seven interest rate increases by the Federal Reserve since Fall of 2015 and still the 30 year sits at 3.1? Meanwhile, President Trump criticizes the Fed for raising rates too quickly and says the Fed is the biggest threat to our economy, and what happens? The markets suddenly crash. The fix is in. But you already knew that. Lynette Zang joins me to discuss it and she says the system died in 2008,...Read More
The Turkish deep-sea scrap market showed signs of renewed activity on Thursday October 18, with prices being pushed upward by rumors of a new cargo booking.So far this week, no deep-sea cargo bookings have been heard, but rumors of a European cargo being sold were circulating on the market today. But the details began to emerge...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Join Michael Maloney as he analyzes the recent stunning news from the Hungarian Central Bank - an absolutely massive shift in their gold reserves. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is autho...Read More
* SSEC loses 2.9 pct, touches lowest point since Nov 2014 * CSI 300 down 2.4 pct, energy sub index drops 4.9 pct * Shares pledged for loans become a concern for investors By Noah SinHONG KONG, Oct 18 (Reuters) - Chinese stocks fell sharply onThursday as heavy selling in the energy sector and worries aboutthe levels of borrowing in the stock market added to broaderconcerns over growth and the globa...Read More
TIANJIN, Oct 18 (Reuters) -* Zijin Mining Group Co Ltd, one of China's biggest gold miners, will produce around 37 tonnes of the precious metal in 2018, its chairman said on Thursday.* The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin.* Zijin is "paying attention" to Tanzania but "not yet neg...Read More
"We are always grateful to customers who take time to tell us how our products can be improved, and we carefully consider all suggestions," Continue...Read More
Following the 2016 "Tumeremo Massacre" where 17 miners were killed and another violent episode last August that left 13 people dead, a new massive killing took place this week in Venezuela's so-called Mining Arc.According to information made public by opposition MP Am?(C)rico De Grazia, 16 people died and six were injured after two criminal bands clashed in their quest for controlling the Los Cand...Read More
Scotland is one step closer to having its first commercial gold and silver mine as Scotgold Resources (LON: SGZ) said Thursday it had submitted the last application to secure planning permits for its Cononish project, near Tyndrum.The company, which has decided to liquidate its French subsidiary, said that it had worked with the Trossachs National Park Planning Authority (NPA) to secure all the ne...Read More
Seaborne iron ore prices were rangebound on Thursday October 18, with the market showing signs of cooling off from Wednesday's bullishness.MB 62% Fe Iron Ore Index: $73.58 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.61 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.60 per tonne cfr Qingdao, down by $0.15 per tonne.MB...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Researchers at the University of California - Berkeley have discovered that a bacterium named Moorella thermoacetica produces solar fuels through artificial photosynthesis in a very efficient way when fed with gold.In a paper published in Nature Nanotechnology, the scientists explain that by placing light-absorbing gold nanoclusters inside the CO2-hungry bacterium, they have created a biohybrid sy...Read More
An investor in Hudbay Minerals Inc. wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won't pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter.Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve...Read More
Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperformed the com...Read More
Turkish steel billet prices have fallen over the past week because of poor demand both domestically and abroad as well as a strengthening of the lira against the dollar.The lira started to gain in value by the end of last week after the release of US pastor Andrew Brunson in Turkey, who hads been detained by local authorities because of alleged links to outlawed political groups. He was freed by a...Read More
Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.Read More
MOSCOW, Oct 18 (Reuters) - The Russian rouble weakened onThursday, under pressure from a stronger dollar and lower oilprices.The dollar gained against its major peers after minutes ofthe Federal Reserve's September meeting signalled that interestrates will rise further this year.At 0730 GMT, the rouble was 0.35 percent weaker against thedollar at 65.73 and had lost 0.38 percent totrade at 75.58 ve...Read More