The world's largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in aRead full newsRead More
The deeper the mine, then the bigger the savings.Read full newsRead More
With the world's top miners on a tear, stakeholders are lining up for their long-awaited slice of the action. Plus,Read full newsRead More
"Members of the 27-company International Council on #Mining and Metals plan to make mining vehicles at above ground operations greenhouse gas emission-free by 2040, in a statement from the organization. $BHP $RIO"Read full newsRead More
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MELBOURNE, Oct 31 - The mining industry wants to shed its image as a low-tech shoveller of dirt and instead be seen as a cutting edge digital-savvy employer of choice. It's a feat that could be compared to teaching an elephant to ballet dance.While mining companies have been quick to adopt new technologies to drive costs lower, there is an increasing recognition that the industry needs to embrace...Read More
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"Orocobre #lithium outlook:Read full newsRead More
HARARE, Oct 31 - Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.The country, which adopted the use of the United States dollar in 2009 to tame hyperinflation, is gripped by acute shortages of greenbacks. Prices of basic goods, public taxis and medicines have risen in the last few we...Read More
Pullbacks to key trendlines have been bullish for the stocks in the pastIt's been a pretty brutal October all around, with the S&P 500 staring at its worst monthly loss since 2010. However, a pair of healthcare stocks are flashing buy signals after their recent pullbacks -- and just ahead of earnings next week: Viking Therapeutics Inc (NASDAQ:VKTX) and Bausch Health Companies Inc (NYSE:BHC) (forme...Read More
HARARE, Oct 31 - Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.The country, which adopted the use of the United States dollar in 2009 to tame hyperinflation, is gripped by acute shortages of greenbacks. Prices of basic goods, public taxis and medicines have risen in the last few we...Read More
Options bears have been loading up on puts ahead of GPRO's third-quarter resultsMobile camera firm GoPro Inc (NASDAQ:GPRO) is set to report third-quarter earnings after the market closes this Thursday, Nov. 1. Ahead of the event, analysts are expecting GPRO to report a loss of 6 cents per share on $272.3 million in revenue -- down from its year-ago profit of 15 cents per share on $329.8 million in...Read More
NEW YORK (Reuters) - U.S. consumers filed fewer loan applications to buy and refinance homes, while home borrowing costs were mixed with 30-year mortgage rates unchanged on the week, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group said its seasonally adjusted index on mortgage requests fell 2.5 percent to 329.5 in the week ended Oct. 26. It hit 322.1 two week...Read More
BEIJING (Reuters) - China’s manufacturing sector in October expanded at its weakest pace in over two years, hurt by slowing domestic and external demand, in a sign of deepening cracks in the economy from an intensifying trade war with the United States.Anxiety about China’s cooling growth and its likely drag on the global economy have vexed financial markets recently, and Wednesday&rsq...Read More
SEATTLE/ORLANDO, Fla. (Reuters) - SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth.Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office, the culmination of disagreements over th...Read More
Glencore Plc's coal mining business will eclipse its copper unit next year and become the world's biggest commodity trader's most profitable operation.Despite making a lot of noise about its electric vehicle-focused mines such as nickel, copper and cobalt, Glencore has continued to buy more coal assets, adding rival Rio Tinto's Australian operations to its portfolio this year. That, along with soa...Read More
Key collaborations are lifting the stocks from all-time-low territoryA pair of penny stocks are notably higher in early trading: KemPharm Inc (NASDAQ:KMPH) and OpGen Inc (NASDAQ:OPGN). KMPH stock is soaring after a licensing deal with KVK Tech to commercialize its opioid painkiller, Apadaz, and the drug developer will receive up to $3.4 million in pre-launch funds, and could get up to $53 million...Read More
WASHINGTON (Reuters) - Chinese intelligence officers conspired with hackers and company insiders to break into private companies’ computer systems and steal information on a turbo fan engine used in commercial jetliners, according to a U.S. indictment unsealed on Tuesday.The indictment said that at the time of the hacks, a Chinese-state owned aerospace company was working to develop a compar...Read More
BERLIN (Reuters) - A slim majority of Germans would like the Social Democrats (SPD), junior partners in Angela Merkel's coalition, to leave the government, with only the supporters of the chancellor's own conservatives keen for them to stay, a poll showed.The survey, conducted by pollster Civey for news portal t-online.de, strengthens the hand of the SPD's more radical wing, who say that the party...Read More
LONDON (Reuters) - British investors increased their fixed-income holdings and cut back their stock exposure in October, although they took a shine to North American companies within their equity allocations.Across global balanced portfolio strategies, exposure to bonds rose to 28.2 percent in October from 26.8 percent in September, reaching their highest level in a year, according to Reuters&rsqu...Read More