Fastmarkets launched its China cobalt sulfate price in May 2018, with historical data dated back to March, tracking the price of this key electric vehicle battery material. Read More
(Reuters) - Goldman Sachs Group Inc (GS.N) is ahead of its goal to generate $5 billion in additional annual revenue by 2020, having already achieved half that amount in the first nine months of this year, the Wall Street bank said on Monday.Goldman has made headway on plans to lend more to consumers and big businesses, and improve revenue from trading, investment banking and asset management, acco...Read More
SHANGHAI (Reuters) - Chinese President Xi Jinping promised on Monday to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the United States and others.The Nov. 5-10 China International Import Expo, or CIIE, brings thousands of foreign companies together with Chinese buyers in a bid to demons...Read More
SEATTLE (Thomson Reuters Foundation) - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that aff...Read More
* AngloGold and partner look at selling Sadiola mine in Mali * Sees FY production towards top end of guidance * Shares jump as costs and debt also fall(Recasts with plan to sell Sadiola, adds shares) By Tanisha Heiberg JOHANNESBURG, Nov 5 (Reuters) - AngloGold Ashanti Ltd and its joint venture partner are looking at selling amine in Mali after failing to reach an agreement with the westAfrican cou...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN Index made a final plunge as low as 1108.56 before it embarked on a powerful turnaround. The Index ended the week at 1151.95 with a 1.5% or 17.5-point gain, as world markets rebounded with gusto.For the last couple of weeks, including in last week's blog post "Dives...Read More
WASHINGTON/DUBAI (Reuters) - Iran said it would defy U.S. sanctions reimposed on it by Washington on Monday, denouncing as “economic war” the U.S. attempt to curb Tehran’s missile and nuclear programs and weaken its influence in the Middle East.The U.S. move restores sanctions lifted under a 2015 nuclear deal negotiated by the administration of President Barack Obama and five oth...Read More
China's hot-rolled coil market was largely steady on Monday November 5, but expectations have emerged for some upward momentum in the export segment as soon as prices bottom out.DomesticEastern China (Shanghai): 4,030-4,040 yuan ($584-586) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 4,030-4,040 yuan per tonne, unchangedPrices in both major trading regions in China w...Read More
Ferrous futures in China registered mild movements during morning trading on Monday November 5, with the impact of winter steelmaking restrictions and the potential for easing tensions between the country and the United States being factors to watch out for over the rest of the month.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,034 yuan ($585) per tonne, down...Read More
LONDON (Reuters) - British finance minister Philip Hammond raised the prospect of looser budget policy after Brexit and said faster growth was the best way to cut Britain’s debt burden, but insisted he was still committed to ultimately running a budget surplus.Hammond’s annual budget last week reinforced some analysts’ doubts about his commitment to a budget surplus, after he use...Read More
BRUSSELS (Reuters) - Euro zone finance ministers called on Italy to change its 2019 budget before a deadline set for next week, confirming Rome was isolated in the bloc over its row on fiscal rules.As some ministers evoked risks for the euro from the budget dispute, Italy’s Finance Minister Giovanni Tria said he was working on a compromise, an Italian official said, stressing Rome was not co...Read More
NEW YORK (Reuters) - The board of Citigroup Inc (C.N) on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat.John C. Dugan, 63, a former bank regulator and former lawyer to the board who became a Citigroup director last year, will succeed Mike O’Neill on Jan. 1, the company said. O’Neill recently reached the board&...Read More
BRUSSELS (Reuters) - Euro zone finance ministers urged their Italian peer Giovanni Tria at a closed-door meeting on Monday to change the country’s budget for next year and respect European Union fiscal rules, an EU official told Reuters.Ministers “encouraged Italy to review its position, respond to Commission’s concerns and respect the agreed rules”, the official said, repo...Read More
The latest news and price moves to start the Asian day on Tuesday November 6.Base metal prices on the London Metal Exchange were predominantly lower at the close of trading on Monday November 5, topped by a continued downturn in lead's three-month price while aluminium was the only metal to trade in positive territory. Read more in our live futures report.Here are how prices looked at the close of...Read More
NEW YORK (Reuters) - NBC on Monday pulled a controversial TV ad on immigration that was endorsed by President Donald Trump and deemed “racist” by CNN.The primetime ad, paid for by Donald J. Trump for President, ran during a “Sunday Night Football” broadcast and linked Luis Bracamontes, an undocumented immigrant convicted of killing two sheriff’s deputies in California...Read More
Suppliers of long steel products in the European Union have been raising their offer prices for November deals in anticipation of strong demand and high manufacturing costs, Fastmarkets was told on Monday November 5.But the recent political uncertainty that has enveloped all the world's major markets was keeping customers quiet for now, and content to keep their buying activities confined to the s...Read More
WASHINGTON (Reuters) - Bitter U.S. political campaigns thundered to a hectic, unpredictable finish on election eve on Monday, as candidates scoured the country for votes in dozens of crucial races that opinion polls showed were still razor-close.Control of both chambers of the U.S. Congress and 36 governor’s offices are up for grabs on Tuesday in an election widely seen as a referendum on th...Read More
China's domestic rebar prices dropped on Monday November 5, with market participants taking a pessimistic view on demand and supply. Domestic Eastern China (Shanghai): 4,630-4,660 yuan ($672-676) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 4,450-4,480 yuan per tonne, down 10-20 yuan per tonneSpot rebar prices fell on Monday amid early-hours losses in the futures market...Read More
BRUSSELS/PARIS (Reuters) - The European Union has so far failed to find a country to host a special mechanism to trade with Iran and beat newly reimposed U.S. sanctions, three diplomats said, as governments fear being targeted by U.S. counter measures.Voicing opposition to U.S. policy on the day Washington announced a new raft of sanctions on Iran, the European Union reissued its Nov. 2 statement...Read More
CloseGain/LossGold $1230.50-$2.60Silver$14.64-$0.11XAU67.14-0.07%HUI149.83+0.26%GDM544.17-0.37%JSE Gold1162.02+28.85USD96.34-0.11Euro114.11+0.16Yen88.41UNCHOil$63.10-$0.0410-Year3.201%-0.014T-Bond137.50+0.34375Dow25461.70+0.76%Nasdaq7328.85-0.38%S&P2738.31+0.56% The Metals: Gold gained $1.30 to $1234.40 in Asia before it dropped back to $1227.00 in London and bounced back...Read More