TUNIS (Reuters) - Tunisian Prime Minister Youssef Chahed will announce a partial cabinet reshuffle this week, three sources said on Monday, as he faces mounting pressure over the government’s failure to revive the economy, including from his own party Nidaa Tunis.Chahed will make changes to at least six portfolios, including Tourism, Energy, Health and Transport, one of the sources said, whi...Read More
LONDON (Reuters) - Oil prices steadied on Monday as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while, as Tehran said it would defy Washington and continue to sell.Brent crude oil LCOc1 was unchanged at $72.83 a barrel by 1230 GMT. U.S. light crude CLc1 was 15 cents lower at $62.99.Both oil benchmarks have...Read More
LONDON, Nov 5 - The cost of building a copper or gold mine is likely to be cheaper than buying an existing one, dampening the prospect of big merger activity in the mining sector, S&P Global Market Intelligence said, citing in-house research.Data shared with Reuters support comments from major miners, including BHP and Rio Tinto , which say their strategy is to build or to "smart buy", if they can...Read More
North Dakota, Michigan, Missouri and Utah will all be voting on various bills further legalizing marijuana in their states Continue...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), which last month announced it was buying Randgold Resources (LON:RRS) in a $6.1-billion deal, is said to have resumed talks with rival Newmont Mining (NYSE:NEM) aimed at merging their gold operations in Nevada, US."They have been trying to negotiate for years but Newmont couldn't agree with Barrick, now that you have a new management team, it's certain they...Read More
"It's potentially a big licence, and it does say the end user is the air force," said spokesman for the London-based NGO Campaign Against Arms Trade, Andrew Smith. Continue...Read More
(Reuters) - Lowe’s Companies Inc (LOW.N) is closing 20 underperforming stores in the United States and 31 in Canada as part of a restructuring, the home improvement retailer said on Monday.Lowe’s, which has trailed Home Depot (HD.N) in sales for years, is in the midst of a turnaround under new Chief Executive Officer Marvin Ellison, who has promised to remove slow-selling products and...Read More
(Reuters) - Verizon Communications Inc said on Monday it will reorganize its business segments into Consumer, Business and Verizon Media Group/Oath to focus on the types of customers it serves.The reorganization under Chief Executive Officer Hans Vestberg, who was named to the top job on Aug. 1, is a shift from the previous operating structure split between wireless and wireline and included the l...Read More
Venezuela's government is trying to bring 14 tonnes of gold held in the Bank of England back to VenezuelaContinue...Read More
The current silver bottoming process is similar to that of 2001 to 2003. Continue...Read More
Sector expert Clive Maund reviews recent activity for this company's stock and sees blue sky ahead. Although American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) hasn't advanced much on a net basis since it was recommended on the site a few weeks back, its technical condition has strengthened considerably, as we can see on its latest charts.On the 3-month chart, selected to show recent action in d...Read More
The precious metals sector continues to be viewed with disdain, posits technical analyst Clive Maund, who discusses the factors that he sees are behind changes in the market. The precious metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bull market. However, the ch...Read More
Peter Schiff is an internationally recognized ecoanomist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Tim...Read More
BERLIN, Nov 5 (Reuters) - German Chancellor Angela Merkel said on Monday that her Christian Democrats (CDU) had agreed they would like to continue heading up the federal coalition government with the Social Democrats (SPD) and Bavaria’s Christian Social Union.“I believe that what is important for the SPD - and this is justifiable - is that we, as the CDU, continue to feel committed to...Read More
* 10-year Treasuries and Bunds remain pinned to Friday’s highs* Risk appetite improves after more stable equity sessions* Reports of TLTRO extension lead to early dip in core yields* (Updates pricing, recasts to reflect improved market sentiment, adds quote)By Virginia FurnessLONDON, Nov 5 (Reuters) - Italian government bond yields rose 5-10 basis points on Monday before a euro zone finance...Read More
Global oil prices bounced higher Monday after the U.S. State Department granted a waiver to China to purchase crude from Iran as the first day of sanctions imposed by President Donald Trump came into effect. U.S. Secretary of State Mike Pompeo called the sanctions "the toughest sanctions ever put in place on the Islamic Republic of Iran", but his department noted Friday that waivers had bee...Read More
ANKARA, Nov 5 (Reuters) - Turkey has no worries aboutreaching its year-end budget deficit target of 1.9 percent ofgross domestic product, Finance Minister Berat Albayrak said onMonday. Speaking in a broadcast interview on A Haber, Albayrak saidborrowing costs, which at one point hit around 40 percent forcommercial and consumer loans, will fall further with thenormalisation of the economy. (Reporti...Read More
* World stocks fall after four-day rally * Italy leads Europe down as banks slide * Crude slides as waivers dilute Iran sanctions * Investors cautious before U.S. midterms * Sterling jumps on Brexit deal hopes By Helen Reid LONDON, Nov 5 (Reuters) - World stocks slipped on Monday,halting a four-day recovery rally as anxiety surrounding globaltrade conditions and rising U.S. interest rates dampene...Read More
ANKARA, Nov 5 (Reuters) - Turkish authorities have orderedthe arrest of gold trader Reza Zarrab, a prosecution witness inthe New York trial of a Turkish banker, over unlawful buildingwork, Anadolu news agency said on Monday. Zarrab, 34, a dual national of Iran and Turkey, was agovernment witness in the trial of Mehmet Hakan Atilla, a formerdeputy general manager at Turkey's state-owned Halkbank wh...Read More