* Hawkish Fed hits rand * Stocks end week lower, Tongaat dives(Updates levels and quotes)JOHANNESBURG, Nov 9 (Reuters) - South Africa's rand weakenedon Friday in line with emerging market currencies as indicationsthe United States central bank would stay on a policy tighteningpath drained the demand for risk that followed U.S. electionresults.Stocks fell largely due to subdued risk demand globally...Read More
Scrap prices in the major global markets softened slightly during the working week from Monday November 5 to Friday November 9, with the exception of the United States.Export scrap prices out of the US were firm, with a number of sales heard out of the country's East Coast, although demand for material from the West Coast was limited.Meanwhile, the prices of scrap in Turkey, India and Asia mostly...Read More
The Friday Market Minute Global stocks retreat as bond yields rise, dollar bounces higher following a Federal Reserve statement that essentially re-states its hawkish rate path.Benchmark 2-year Treasury note yields trade at the highest level in a decade as investors react to a Fed whose policy is diverging from major central banks around the world.Global oil prices slide into bear market territo...Read More
WASHINGTON (Reuters) - Randal Quarles, head of supervision at the Federal Reserve, said on Friday the central bank would re-propose aspects of a capital rule known as the “stress capital buffer” due to industry concerns.Speaking at a conference in Washington, Quarles said the regulator should also ease a key element of its annual stress tests that allows the regulator to fail firms on...Read More
Prices for light iron scrap in the United Kingdom were steady this week, consolidating a rise of ?5 ($7) per tonne over the week before, sources told Fastmarkets on Friday November 9.This increase reflected the fundamental pattern of domestic business conditions and a similar pattern in key export destinations, they added.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an in...Read More
I’ve been a contrarian my entire life… Wait, you might want to scratch that and just outright say OUTCAST, which might be a better term to use… I mean, ever since I was a little kid, I kind of always knew that I was different from the majority of my peers…From my earliest memories, I remember another little kid telling me I was “too Chinese” to play baseballR...Read More
(Reuters) - U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.The news gave investors a reason to keep away from riskier assets, with worries about rising interest rates and effects of the U.S.-China trade war taking the shine off a decade-long bull...Read More
Ontario's Government for the People is investing in Northern Ontario to connect entrepreneurs in Kenora and Timmins with investors across the region.Greg Rickford, Minister of Energy, Northern Development and Mines, announced the $150,000 investment today, alongside the recipients, the Northern Ontario Angels. Northern Ontario Angels (NOA), formerly known as the Northern Ontario Enterprise Gateway...Read More
Ontario's Government for the People is improving health facilities in Mattawa as the Algonquin Nursing Home relocates to the local hospital.Today, Vic Fedeli, MPP for Nipissing, announced a $1 million investment that will support new services at the facility, including respite care, a hospice suite, an Indigenous healing room and a hospitality suite. This project involves many partners, including...Read More
LONDON (Reuters) - Global stocks are on track for their biggest drop in two weeks while oil prices held near six-month lows on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets.While the decision to hold interest rates by the U.S. Federal Reserve was anticipated by markets, some participants had expected a more cautious approach from the central bank after a...Read More
Paying a dividend is the most common way for companies to share profits directly with stockowners.The first record of a company paying a regular dividend belongs to the Dutch East India Company (VOC).The VOC paid annual dividends in both cash and spices worth about 18% of the value of its shares for almost 200 years of the company's existence (1602-1800).Dutch East India Company bond, printed 1622...Read More
* Silver headed for biggest weekly fall since Sept. 7 * Platinum set for worst week since late Sept * Fed holds rates for now, on track to gradually hike them (Updates prices)By Sumita LayekBENGALURU, Nov 9 (Reuters) - Gold dipped on Friday, on trackfor its biggest weekly fall since August, as the dollar rosetowards 16-month highs after U.S. Federal Reserve stuck to itstight monetary stance and lo...Read More
Argo Gold Inc. (CSE: ARQ) is a Canadian company focused on gold exploration projects in central and Northwestern Ontario that have indications of economic viability. All of Argo Gold's projects are 100% owned. We learned from Judy Baker, President and CEO of Argo Gold, that they are very excited about their flagship Woco Gold project, after Great Bear Resources closed a $10 000 000 financing, with...Read More
X-Terra Resources Inc. (TSXV: XTT, FRANKFURT: XTR) is a mineral exploration company, focused on the acquisition, exploration and definition of precious metal resource properties in Canada, with numerous properties primarily located in Qu?(C)bec. X-Terra currently holds a 60% option on the new V?(C)ronneau gold property and also holds a 100% interest on the Troilus East property, as well as a 100%...Read More
By Renita D. YoungNEW YORK, Nov 9 (Reuters) - Weaker gold prices boostedinvestment demand during the third quarter, but gains werecapped by a sell-off in gold-backed exchange-traded funds(ETFs), the GFMS metals consultancy at Refinitiv said on Friday.The price of gold dropped nearly 5 percent in the thirdquarter as investors continued to favor the U.S. dollar andriskier assets during a global trad...Read More
* Gold Fields Q3 production falls * Cuts South Deep production guidance * Shares fall more than 5 percent(Adds CEO comment, shares, analyst quote)By Tanisha HeibergJOHANNESBURG, Nov 9 (Reuters) - Shares in Gold Fields fell on Friday after the company reported a 3 percentdrop in third-quarter production, dragged down by a decline inoutput from its last South African asset, South Deep.The mine has f...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
MEXICO CITY (Reuters) - Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov. 30, Mexico’s economy minister said on Thursday.The deal will be signed in Buenos Aires, Argentina, the Mexican Economy Minister Ildefonso Guajardo told reporters at an event in Mexico City. Argentina is hosting the G20 international forum for governments and central ban...Read More
Vancouver, November 9, 2018 - INK Research (INK) announces changes to the INK Canadian Insider Index as a result of the rules-based semi-annual review. These changes will be effective at the close on Friday, November 16, 2018.ADDITIONS (Name and Symbol)Aimia Inc. (AIM)Alaris Royalty Corp. (AD)American Hotel Income Properties REIT LP (HOT.UN)Barrick Gold Corporation (ABX)Cineplex Inc. (CGX)Clear...Read More
ROME/HELSINKI (Reuters) - Italy stood by the main pillars of its 2019 budget on Friday, as a deadline neared for it to change what Brussels called overly optimistic economic assumptions or face penalties for breaking EU fiscal rules.Deputy Prime Minister Luigi Di Maio and Economy Minister Giovanni Tria said they were committed to respecting a maximum budget deficit of 2.4 percent of economic outpu...Read More