SEOUL (Reuters) - Canada's Prime Minister Justin Trudeau said steel tariffs will be discussed at the upcoming Group of 7 summit in June, South Korea's presidential office said on Tuesday after Trudeau had a phone call with South Korean President Moon Jae-in.Trudeau was cited as saying Canada had been granted a temporary waiver on U.S. steel import tariffs and does not believe trade issues involvin...Read More

(Reuters) - U.S. stocks edged up on Tuesday as higher oil prices buoyed the energy sector, but another slump in Facebook Inc (FB.O) shares curbed gains.Oil prices rose more than 2 percent to touch a three-week high, driven by tensions in the Middle East and the possibility of further declines in Venezuelan crude output.Those gains helped the S&P energy index .SPNY up 0.95 percent, making it ea...Read More

SHANGHAI, Mar 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightExcept for SHFE aluminium, base metals edged down across the board under pressure from cautious sentiment ahead of the Federal Reserve’s meeting that will determine the hike in interest rates. LME copper and nickel fell close to 1%.The eurozone’s seasonally adju...Read More

SAN FRANCISCO (Reuters) - Shares of Facebook (FB.O), Twitter (TWTR.N) and Snapchat-owner Snap (SNAP.N) fell further on Tuesday as Wall Street fretted over potential regulatory scrutiny that could hobble the business of the social networks.Facebook lost 4.75 percent after it said it faced questions from the U.S. Federal Trade Commission about how its users’ personal data was mined by a politi...Read More

SHANGHAI, Mar 20 (SMM) –Copper: LME copper fell below the five- and 10-day moving averages without firm support, while the SHFE 1805 contract traded below moving averages with some support at the 51,000 yuan/mt level. We expect LME copper to trade at $6,800-6,850/mt today and SHFE copper to trade at 51,150-51,500 yuan/mt. In the physical market, spot discounts are seen at 230-180 yuan/m...Read More

RAPAPORT... Swiss watch exports increased in February, driven by thestrongest monthly growth in shipments to Hong Kong and the US in six years, theFederation of the Swiss Watch Industry reported Tuesday. Worldwide shipments of Swiss timepieces climbed 13% year onyear to $1.78 billion (CHF 1.69 billion) last month. Exports to Hong Kongjumped 36% to $268.1 million (CHF 255.2 million), while tho...Read More

WASHINGTON (Reuters) - Just months before the country’s next general election, U.S. senators said Russian cyber attacks on the voting system were unabated and called for urgent action and funding on Tuesday to help states battle foreign attempts to intervene in U.S. democracy.The Senate Intelligence Committee released its first draft recommendations on how to prevent foreign hacking of U.S....Read More

The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo's determination to push through a new mining code that substantially increases the cost of doing business in the central African nation.Lobbying of President Joseph Kabila (who insisted that the CEOs personally show up in Kinshasa for talks) that lasted six hours ended with no concessions other t...Read More

RAPAPORT... Mountain Province's March tender achieved the miner's highestaverage selling price to date, driven by a bigger-than-average selection of largeand high-value diamonds, the company said. The miner sold 177,000 carats of rough from its Gahcho Ku?(C)mine at an average price of $142 per carat, for a total of $25.1 million, itreported in a statement last week. Production from the end of last...Read More

HARARE – Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice.The Indigenisation and Econmic Empowerment Act was designed to increase black Zimbabweans' share of the economy but were opaque and open to abuse, to the detriment o...Read More

BUENOS AIRES (Reuters) - The world’s financial leaders are likely to reaffirm on Tuesday their commitment to fighting protectionism and recognize the need for “further dialogue and actions” on trade, just days before U.S. steel and aluminum tariffs are to enter into force.Finance ministers and central bankers of the world’s 20 biggest economies, the G20, have been meeting i...Read More

The auto industry is "waking up too late" to the fact that China will hold most of the world's supply of battery raw material cobalt, Ivan Glasenberg, CEO of top producer of the metal Glencore, said on Tuesday according to a Reuters report."If cobalt falls into the hands of the Chinese, yeah you won't see EVs being produced in Europe etc. They are waking up too late … I think it's because th...Read More

RAPAPORT... MID House of Diamonds was the premier Israelipolished-diamond exporter for the third consecutive year, according to a list thenation's Ministry of Economy and Industry published recently.The company, whose exports dropped 5% to $175 million in2017, was one of four in the top 10 that saw a decline. Overall, polishedexports for the country fell 4% to $4.48 billion, government data showed...Read More

SHANGHAI, Mar 19 (SMM) – Prices of residential property in most Chinese cities continued to decline in February 2018, SMM learned.Data from the National Statistics Bureau covered 70 large and middle-sized cities and showed that prices of newly-built housing in 15 cities remained firm in February while prices in 12 cities dropped 0.1-0.6% month on month. On a yearly b...Read More

On the 15th anniversary of the Iraq War, Americans are more skeptical of the US government, and no one has been held accountable for invading based on false intelligence. Former Congressman Ron Paul (R-Texas) joins RT America's Ed Schultz to discuss what has changed since the start of the war.Read More

NEW YORK (Reuters) - Oil prices rose to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the negative impact of growing U.S. crude production.Brent crude LCOc1 futures for May delivery rose $1.75 to $67.80 a barrel, a 2.7 percent gain by 12:09 p.m. EDT, their highest level since late February. U.S. W...Read More

'Mrs. F.' was 84 years old the first time she ever went to prison. Her crime? Petty shoplifting. She stole rice, strawberries, and cold medicine.Continue...Read More

GENEVA (Reuters) - The United States has rejected European Union proposals for an alternative to U.S. safeguard tariffs imposed on solar power goods, the two trading powers said in a joint filing published by the World Trade Organization on Tuesday.They also said they had not reached any agreement on U.S. compensation for its tariffs, but they would monitor the impact on trade flows and continue d...Read More

"It doesn't matter what Kudlow says...he says the dollar is going to rise and gold will fall, and put tariffs on China. The tariffs on China are actually going to weaken the dollar, which is good for gold." Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializi...Read More

RAPAPORT...The Diamond Dealers Club (DDC) has signed a memorandum of understanding(MoU) with the Shanghai Diamond Exchange (SDE) in an ongoing effort to facilitatebusiness opportunities. The SDE delegation's visit to the New York-based DDC is the Chinese bourse's first in more than 10 years, and will be the start of a series ofcollaborations between the groups. "As a member of a bourse or an excha...Read More