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Navy admiral named Brazil's Minister of Mines and Energy

November 30, 2018 / www.mining.com

Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More

Navy admiral named Brazil's Minister of Mines and Energy

November 30, 2018 / www.mining.com

Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More

Navy admiral named Brazil's Minister of Mines and Energy

November 30, 2018 / www.mining.com

Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More

Mining industry leadership set for changing of the guard

November 30, 2018 / www.mining.com

Titans of the mining industry who have led the industry through myriad storms for decades are set to retire over the next few years, a once-in-a-generation turnover that has sparked a search for fresh talent with far different skills than current executives.Ivan Glasenberg, chief executive of mining giant Glencore Plc since 2002, said last month he would retire over the next three to five years, s...Read More

Outstanding content #FF: @mcm_ct @NorthmanTrader @LukeGromen @RonStoeferle @charliebilello @awealthofcs...

November 30, 2018 / twitter.com

"Outstanding content #FF:@mcm_ct @NorthmanTrader @LukeGromen @RonStoeferle @charliebilello @awealthofcs @HowardKlein10 @pierpont_morgan"Read full newsRead More

Fed's Kashkari says rates should not go up when job creation is strong and inflation is tame

November 30, 2018 / www.cnbc.com

At this point, the Fed should pause on interest rate increases, says Minneapolis Fed President Neel Kashkari.Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, Kashkari argues. Kashkari believes rates are "close to neutral," a level hotly debated ever since Fed chief Jerome Powell's controversial comments last month.Matthew J. Belvedere| @Matt_Belveder...Read More

Stocks Cautious Ahead of Trump-Xi Meeting

November 30, 2018 / www.schaeffersresearch.com

The two world leaders will meet in Argentina this weekend to discuss tradeThe stock market is quiet ahead of this weekend's highly anticipatedmeeting between U.S. President Donald Trump and China's President Xi Jinping at the G-20 summit. The two leaders are expected to discuss tariffs, and the talks come on the heels of a freshly inked trade agreement between the U.S., Mexico, and Canada. At last...Read More

Cree Stock Drops After High-Profile Downgrade

November 30, 2018 / www.schaeffersresearch.com

The bearish analyst attention is nothing new for CREE stockThe shares of Cree, Inc. (NASDAQ:CREE) are down 4.2% to trade at $43.97 this morning, after J.P. Morgan Securities downgraded the LED specialist to "underweight" from "neutral." The analyst in coverage cited trade tensions with China as a possible disruption to the company's supply chain and sales prospects, and said the shares look over...Read More

#China PMI Plunges To 29-Month Lows, Nears Economic Contraction | Zero Hedge

November 30, 2018 / www.zerohedge.com

Global synchronized un-recovery?Read full newsRead More

Gold fundamentals improving but not bullish yet

November 30, 2018 / www.mining.com

Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren't shifting yet. They are slowing, which precedes a shift.From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencies) and a steepen...Read More

Ontario Fights for Fair Gasoline Prices in Northwestern Ontario

November 30, 2018 / news.ontario.ca

KENORA - Today Greg Rickford, Minister of Energy, Northern Development and Mines called on the Competition Bureau to review gasoline and diesel retail prices in northwestern Ontario."Our Government for the People has followed through and taken steps to cut gas prices in Ontario. Now we need to make sure those savings are being passed on to consumers across the province," said Minister Rickford. Th...Read More

thyssenkrupp to supply key equipment for BHP South Flank iron ore project in Australia

November 30, 2018 / www.mining.com

World's largest rail-mounted stackers and reclaimer will have a capacity of 20,000 tonnes per hour Contract valued at approximately ?,?150 millionDesign and manufacture to be fully completed in Western AustraliaThyssenkrupp Industrial Solutions has been awarded one of the largest fabrication and construction projects the company has ever handled in Western Australia. Under the contract, thyssenkr...Read More

Options Bears Target Bigger Losses for Goldman Sachs Stock

November 30, 2018 / www.schaeffersresearch.com

Bloomberg said the Fed is accelerating its probe into GS' role in the 1MDB scandalThe shares of Goldman Sachs Group Inc (NYSE:GS) are trading down 2.6% at $189.60, after BofA-Merrill Lynch downgraded the blue-chip bank stock to "neutral" from "buy," and cut its price target to $225 from $280. The brokerage firm cited lingering "uncertainty" surrounding the financial firm's role in the 1MDB scandal...Read More

Ontario Supporting Research, Innovation and Job Creation in Thunder Bay

November 30, 2018 / news.ontario.ca

THUNDER BAY - Ontario's Government for the People is investing in a new, world class facility at Lakehead University to support research and innovation, creating 67 jobs.Today, Lakehead University held the grand opening of the Centre for Advanced Studies in Engineering and Sciences. Ontario invested $5 million in the facility. "Our government for the people is proud to provide students and researc...Read More

Marriott Put Volume Jumps After Hack

November 30, 2018 / www.schaeffersresearch.com

The personal info of roughly 500 million guests was exposedThe shares of hotel chain Marriott International Inc (NASDAQ:MAR) are 6.4% lower to trade at $113.99, after the company warned that the personal data -- including possible payment information and passport details -- of about 500 million guests was exposed. Hackersapparently began tapping the Starwood guest database in 2014, though the brea...Read More

SPLK Stock Rallies After Earnings Beat

November 30, 2018 / www.schaeffersresearch.com

Splunk upped its revenue forecasts, too Splunk Inc (NASDAQ: SPLK) is headed for its best month since August, with the shares up 8.9% so far in November. Today, SPLK stock is up 6.3% to trade at $108.07, after the company reported strong third-quarter earnings and revenue, and upped its full-year sales forecasts for 2019 and 2020. Splunk also shared that its current CFO has decided to retire in Ma...Read More

6.5% GDP growth for sure #china

November 30, 2018 / twitter.com

"China Passenger Car Association:#China's passenger #car sales slumped 28% y/y in the first three weeks of Nov."Read full newsRead More

RT @backstroke_: Developers to start on $4 bln Indonesia EV battery project in Jan -minister -

November 30, 2018 / www.reuters.com

Developers will begin building a lithium battery project in Morowali, on the Ind...Read full newsRead More

Businesses in Chicago region grow at fastest pace in 4.5?EUR,years, survey shows

November 30, 2018 / www.marketwatch.com

Bloomberg News/LandovBusinesses in the Chicago region grew rapidly in November, but executives are worried about tariffs. The numbers: A survey of business conditions in the Chicago region that's often a bellwether for the broader U.S. economy surged in November to a four-and-a-half year high despite worries about U.S. tariffs. The MNI Chicago business barometer jumped 8 points to 66.4, ending a...Read More

China's Chalco shuts 470,000 tonnes of aluminium capacity as price slump bites

November 30, 2018 / www.mining.com

BEIJING - Aluminum Corp of China Ltd, known as Chalco, is cutting output on some of its aluminium production lines in northern China, it said on Friday, as Chinese aluminium prices sank to a fresh two-year low.China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arr...Read More

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