Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More

Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More

Asection of the northern dam wall at the Cadia mine, located in the eastern Australian state of New South Wales, collapsed into the southern tailings dam on Friday releasing a slurry of finely ground rock, water and a low level of benign processing reagents.The information was provided by owner and operator Newcrest Mining (ASX:NCM), whose management issued a statement on Saturday saying that expe...Read More

Warner Bros/courtesy Everett Collection / Everett CollectionScared about inflation? Don't worry. Prices are rising, but slowly. How quickly things change in a month: The "great inflation scare of 2018" has died down after the latest U.S. jobs report showed a smaller increase in how much workers are paid. And now a milder uptick in consumer prices will offer more comfort to anxious investors. Aver...Read More

Steve HollandMOON TOWNSHIP, Pa. (Reuters) - U.S. President Donald Trump said on Saturday his planned meeting with North Korean leader Kim Jong Un could fizzle without an agreement or it could result in “the greatest deal for the world” to ease nuclear tensions between the two countries.“I may leave fast” if progress does not seem possible, Trump said at a campaign rally for...Read More

Elias GlennBEIJING (Reuters) - Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth.After pressure from allies, the United States has opened the way for more exemptions from tariffs of 25 percent o...Read More

Ed StoddardJOHANNESBURG (Reuters) - South African gold producers will likely reach a settlement within six weeks in a lawsuit over a fatal lung disease that companies have set aside 5 billion rand ($420 million) in provisions for, a lawyer and industry group said on Sunday.“I am confident we will finalize the settlement within six weeks,” Richard Spoor, the human rights lawyer who has...Read More

(Reuters) - Newcrest Mining Ltd (NCM.AX) said on Monday its fiscal 2018 guidance would be adversely affected by the closure of its flagship mine following damages to a tailings dam wall.In its statement to the Australian Securities Exchange, the gold miner did not detail the extent to which the event would affect its 2018 forecast.The update followed Newcrest’s disclosure over the weekend th...Read More

The VIX may not be sending an all-clear sign for the markets, according to Jeffrey Gundlach.The markets are at an “important crossroads,” Gundlach, the billionaire bond manager who is chief executive officer of DoubleLine Capital, said in the Twitter message late Friday. But he also asked, is the “genie back in the bottle? I’m skeptical.”The Cboe Volatility Index...Read More

Americans live a never-never-land existance. The politicians and presstitutes make sure of that.Consider something as simple as the unemployment rate. The US is said to have full employment with a January 2018 unemployment rate of 4.1 percent, down from 9.8 percent in January 2010 - BLS Statistics.However, the low rate of unemployment is contradicted by the long-term decline in the labor force par...Read More

LONDON (Reuters) - Chinese banks have significantly stepped up their lending activities in recent years to rank now as the sixth-largest international creditor group, the Bank for International Settlements (BIS) said on Sunday.The BIS, an umbrella body for global central banks, said in its latest report that Chinese banks had cross-border financial assets worth about $2 trillion as of the third qu...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump’s condition for meeting North Korean leader Kim Jong-un is that there be no nuclear or missile testing, Treasury Secretary Steve Mnuchin said on Sunday.“There shouldn’t be confusion,” Mnuchin told NBC’s “Meet the Press” program, when asked about White House press secretary Sarah Sanders’ statement on...Read More

The Bank for International Settlements (BIS) said cryptocurrencies and the debate around them - such as whether cash will be replaced by virtual substitutes - are part of a broader debate about the nature of money.The payments sector has argued that the use of cash is falling and therefore they don’t need to provide as many ATM machines or bank branches.But in the BIS’ latest quarterly...Read More

Linda SiegTOKYO (Reuters) - Japan’s finance ministry is set to report on Monday that documents were doctored in a suspected cronyism scandal, which if true would add further pressure on Japanese Prime Minister Shinzo Abe and his close ally, Finance Minister Taro Aso.Abe, now in his sixth year in office, had tried to put behind him questions over the sale of state-owned land at a huge discoun...Read More

Marc JonesLONDON (Reuters) - The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said on Sunday.The latest report from the Switzerland-based group said that after such a long period of calm there were bound to be more market wobbles and that trade war worri...Read More

WeedMD Inc. (TSXV:WMD) signed a letter of intent to form a joint venture with Phivida Holdings Inc. (CSE:VIDA) to develop cannabis-infused beveragesSmallCapPower | March 11, 2018: WeedMD Inc. (TSXV:WMD) and cannabidiol-infused beverages maker, Phivida Holdings Inc. (CSE:VIDA) Thursday announced that they have signed a letter of intent to form a joint venture called Cannabis Beverages Inc. (CanB...Read More

Michael NienaberBERLIN (Reuters) - U.S. President Donald Trump’s tariffs on steel and aluminum imports will cost jobs and growth, German Economy Minister Brigitte Zypries told Reuters on Sunday, adding that Europe and other free traders should not let themselves be divided.Trump set import tariffs on Thursday of 25 percent on steel and 10 percent on aluminum, to come into force in 15 days. H...Read More

DUBAI (Reuters) - Iranian oil minister Bijan Zanganeh said OPEC could agree in June to begin easing current oil production curbs in 2019, the Wall Street Journal reported on Sunday.Zanganeh also told the WSJ in an interview that Iran wanted OPEC to work to keep oil prices around $60 a barrel to contain U.S. shale oil production.“If the price jumps [to] around $70 ... it will motivate more pr...Read More

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) said on Sunday its 2017 bonus pool would be above 2 billion euros ($2.46 billion), as the loss-making bank seeks to retain staff during a major overhaul.But the bank’s top managers are foregoing their annual bonuses for 2017 after coming under fire for awarding big incentive payouts even though Germany’s largest bank lost money last year.&...Read More

Ben Blanchard, Christian ShepherdBEIJING (Reuters) - China removed presidential term limits from its constitution on Sunday, giving President Xi Jinping the right to remain in office indefinitely, and confirming his status as the country’s most powerful leader since Mao Zedong died more than 40 years ago.China’s ruling Communist Party announced the proposed amendment only last month an...Read More