The company issued disappointing full-year guidanceThe shares of McCormick & Company (NYSE:MKC) are down nearly 12% at $121.25 in early trading, after the company reported fourth-quarter earnings below analysts' expectations, and issued weaker-than-expected full-year guidance. The stock is now the lowest it's been since August, and is pacing for its biggest one-day loss ever. MKC stock touched an...Read More

After nine months of intermittent production due to illegal strikes and social unrest, Barrick Gold's Tongon mine in Ivory Coast returned to normal in the last quarter of 2018, achieved its revised production target of 230,000 ounces for the year, down from 288,680 ounces in 2017.Operations at the mine, which the Canadian gold giant acquired after the merger with Randgold, had to be halted a few...Read More

After nine months of intermittent production due to illegal strikes and social unrest, Barrick Gold's Tongon mine in Ivory Coast returned to normal in the last quarter of 2018, achieved its revised production target of 230,000 ounces for the year, down from 288,680 ounces in 2017.Operations at the mine, which the Canadian gold giant acquired after the merger with Randgold, had to be halted a few...Read More

Political uncertainty means there's no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.Traders are less willing to buy and sell long-dated futures because of increasing risks associated with trade wars and other geopolitical fissures springing up around the globe, Jeff Currie, head of commodities research at Goldman, said in an interview on Bloomber...Read More

Political uncertainty means there's no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.Traders are less willing to buy and sell long-dated futures because of increasing risks associated with trade wars and other geopolitical fissures springing up around the globe, Jeff Currie, head of commodities research at Goldman, said in an interview on Bloomber...Read More

Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore.The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business.While ANZ is trimming, increasing regu...Read More

Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore.The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business.While ANZ is trimming, increasing regu...Read More

Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin Hassett a day earlier about "zero" growth for the U.S. if the shutdown doesn't end soon, are still the subject of some chatter for Wednesday. The day for Wall Street is looking positive so far, but...Read More

Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin Hassett a day earlier about "zero" growth for the U.S. if the shutdown doesn't end soon, are still the subject of some chatter for Wednesday. The day for Wall Street is looking positive so far, but...Read More

The similarities are eerie, and Republicans could be facing a crisis.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tarif...Read More

BMY gapped lower to a five-year bottom at the start of 2019 The shares of Bristol-Myers Squibb Co (NYSE:BMY) are down 3% in electronic trading, after the pharma name pulled the U.S application for its combo lung cancer treatment of Opdivo and Yervoy. This comes as the company has struggled to keep up with sector peer Merck (MRK) and its rival cancer drug Keytruda. What's more, the news is oversh...Read More

The chipmaker's fiscal 3Q results beat estimatesThe shares of Xilinx, Inc. (NASDAQ:XLNX) are set to soar 9.4% out of the gate-- and could take aim at its June 2000 record high of $98.31 -- after the chipmaker reported fiscal third-quarter adjusted earnings of 92 cents per share on $800 million in revenue -- more than analysts were expecting. Plus, the San Jose-based company said it expects current...Read More

Dow component Intel will be in the earnings spotlight post-closeDow Jones Industrial Average (DJI) futures are indicating a lower open this morning, as traders prepare for a huge day of earnings. While no blue-chip numbers are set to come through untilIntel (INTC) reports after the close, there are still plenty of other quarterly updates to digest this morning. Adding to the busy backdrop are fres...Read More

Chile's Chemical and Mining Society (SQM), the world's second largest producer of lithium, used in batteries that power electric cars and high tech devices, has taken measures to protect sensitive information from China's Tianqi Lithium, which recently acquired almost a quarter of the company.The deal, which took months to get approved by Chile's antitrust regulators, received the okay in October,...Read More

Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal."Fifteen years ago, U.S. mining was thought to be a dead industry, but now it's a profitable area for us"Four U.S. copper projects are set to open by next year -...Read More

Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal."Fifteen years ago, U.S. mining was thought to be a dead industry, but now it's a profitable area for us"Four U.S. copper projects are set to open by next year -...Read More

   •  A modest USD uptick/stability in equity markets prompts some fresh selling.   •  Dovish Fed expectations/partial US govt. shutdown might limit further downside. Gold struggled to build on the overnight attempted rebound and remained under some selling pressure for the second consecutive session. The precious metal failed to capitalize on the early upti...Read More

Freeport-McMoRan Inc.'s FCX, -13.08% profit fell in the fourth quarter as revenue fell and interest expenses rose. The company reported earnings of $140 million, down from $1.04 billion the comparable quarter a year ago. Earnings were nine cents a share, down from 71 cents a share. Analysts polled by Refinitiv were expecting earnings of 22 cents a share. Adjusted earnings were 11 cents a share, do...Read More

(adds UK reaction)BRUSSELS, Jan 24 (Reuters) - The European Commission said onThursday it was suing Britain over tax exemptions the countrygrants to some commodity markets, waivers that Brusselsconsiders in breach of European Union rules.Under EU rules, countries need EU authorisation not tocharge sales tax on products and services. In 1977, Britainobtained a waiver to charge a zero rate value-add...Read More

Lucara Diamond (TSX:LUC) today stated that it is on track with the works towards a feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine.The Karowe mine is located in northern Botswana and hosted the world's second-largest diamond, which Lucara unearthed in 2016.According to Lucara, the $14.8-million feasibility study that would allow them to ex...Read More