Seaborne iron ore prices continued to weaken on Tuesday November 13, yet higher premiums were paid for 62% Fe Australian fines.MB 62% Fe Iron Ore Index: $75.73 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.53 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $77.72 per tonne cfr Qingdao, down $1.06 per tonne.MB 58% Fe Premium I...Read More
But it was Germany in World Wars One & Two - How did that work out for France? They were starting to learn German in Paris before the U.S. came along. Pay for NATO or not!Continue...Read More
Let's see how she will get them to "plead" with her to run - that is what the rumor is behind the curtain. She will pretend there is nobody else and theContinue...Read More
President Trump does not tolerate low-energy leadership. Please observe how he addresses the snoozing President of Morocco.Greatest side-eye death stare in American presidential history.Continue...Read More
There should be no doubt that the Conspiracy to rig the precious metals market by the Western Banking Powers is totally and completely TRUE...so expect the worst until they are removed!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicat...Read More
NEW YORK (Reuters) - Walmart (WMT.N) and Home Depot (HD.N), two of the top 10 U.S. employers, have embraced a health insurance strategy that punishes drugmakers for using discount cards to keep patients from switching or stopping their medications.Large U.S. companies have started tightly managing how employees and their family members use these popular discount, or copay, cards for everything fro...Read More
The trader "personally deployed this strategy hundreds of times with the knowledge and consent of his immediate supervisors."Continue...Read More
While the winter season begins in China, the ferrous market is wondering whether Chinese steelmakers will continue to move toward higher-grade, lower-impurity iron ore - an affinity they have demonstrated over the last two years.This affinity is the result of the Chinese government's policy shift that put more focus on protecting the environment as well as its supply-side reforms for the steel ind...Read More
(Reuters) - General Electric Co (GE.N) is selling a part of its stake in oilfield services provider Baker Hughes (BHGE.N), the U.S. industrial conglomerate said on Tuesday, its latest move to raise cash and repay debt.GE, which bought Baker Hughes in July 2017, has been selling off assets and cutting costs to lower its debt and focus on its core businesses of jet engines, power plants and renewabl...Read More
Domestic rebar prices in the United Arab Emirates (UAE) have fallen along with low bids from customers, while imported rebar prices have remained stable over the past week.Steel billet prices, meanwhile, were becoming firmer because raw material prices have strengthened, while Iran-origin material was now absent from the market, sources told Fastmarkets on Tuesday November 13.Domestic rebarLocal p...Read More
LONDON (Reuters) - Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.Brent LCOc1 dropped $1.97 a barrel, or 2.8 percent, to a low of $68.15 before recovering to around $68.72, down $1.40, by 1140 GMT. U.S. light crude CLc1 was $1.30 lower at $58.63.Both crude benchmarks have fallen more than 20 percent sinc...Read More
(Reuters) - Home Depot Inc (HD.N) exceeded analyst estimates for quarterly comparable-store sales on Tuesday, as consumers spent money on remodeling their homes amid a shaky U.S. housing market.Shares of the retailer climbed 3.4 percent to $185.45 in premarket trading, after the retailer also raised its forecast for annual sales and profit ahead of the holiday shopping season.Uncertainty over futu...Read More
BERLIN (Reuters) - Investors do not expect the German economy to recover rapidly from a weak patch, the ZEW research institute said on Tuesday, adding that its monthly survey pointed to a subdued third quarter.Fears about trade disputes, the risk of a disorderly Brexit and political uncertainty at home are weighing on Europe’s largest economy, which is in its ninth year of growth.The survey...Read More
CIS export slab prices inched up in the week ended Monday November 12 due to demand in Europe and Turkey helping CIS exporters to push to a somewhat higher level than previously expected.Fastmarkets' weekly CIS export slab price assessment was $455-465 per tonne fob Black Sea on November 12, up from $450-460 per tonne fob Black Sea a week earlier.Ukraine's Metinvest returned to the market - after...Read More
China's domestic rebar prices continued dropping on Tuesday November 13, leading to higher buying interest. China's domestic rebar prices kept dropping on Tuesday November 13, and the lower prices led to higher trading activity. Domestic Eastern China (Shanghai): 4,420-4,450 yuan ($635-639) per tonne, narrowed down 10 yuan per tonneNorthern China (Beijing): 4,250-4,300 yuan per tonne, down 50 yuan...Read More
WASHINGTON (Reuters) - Amazon.com Inc (AMZN.O) will on Tuesday announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters, ending a more than year-long contest that has seen frenzied bidding from locales across North America.Amazon’s plan to split its second headquarters, dubbed “HQ2”, evenly between two cities will boost its presen...Read More
* Italy faces Tuesday deadline to resubmit budget* No significant changes expected* Italy, Germany, Netherlands sell bonds* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates with price action on Italian bonds)By Dhara RanasingheLONDON, Nov 13 (Reuters) - Italy's 10-year bond yield rose to its highest in over two weeks on Tuesday, keeping the gap over safer German bonds above the ke...Read More
The domestic Chinese ferro-silicon market was stable in the week ended Friday November 9, while the European price stabilized after the prior week's drop and the US ferro-silicon spot market held week on week. Chinese suppliers focus on domestic market, export price lower on yuan depreciation Europe steadies losses, awaits outcome of industry conference US market focuses on long-term...Read More
* Oct new loans 697 trln yuan vs f'cast of 862 billion yuan * Oct M2 money supply up 8.0 pct y/y vs f'cast of 8.4 pct* Oct TSF 728.8 bln yuan, vs 2.21 yuan trillion in Sept * Jan-Oct loans jump but credit conditions tighten * Policy easing so far not turning around lending-analyst (Adds details)By Kevin Yao and Lusha ZhangBEIJING, Nov 13 (Reuters) - China's credit growth slowedsharply in October,...Read More
(Updates closing price, adds quotes and details)SHANGHAI, Nov 13 (Reuters) - China's yuan closed slightlyfirmer on Tuesday as early support from major state-ownedChinese banks lifted the currency from near-decade lows, andsentiment improved after media reports fueled hopes for ade-escalation in the Sino-U.S. trade war.The onshore yuan ended domestic trade at 6.9531 per dollar at 4:30 pm (0830 GMT)...Read More