"Abandon ship!" That's the advice that ABN Amro Group NV is giving any remaining Nyrstar NV investors.The central problem for Nyrstar is that it's increasingly looking like the company will struggle to refinance bonds due next year.Nyrstar, Europe's biggest zinc smelting company, is on an inevitable path toward a debt restructuring, said ABN's Philip Ngotho, whose bearish calls have proven profita...Read More

"Nyrstar was a 1.2b euro zinc giant. Now it's worth just 56m euros https://t.co/wzwKTlJ9V4@mburtonmetals"Read full newsRead More

LONDON/BRUSSELS (Reuters) - A Brexit deal is almost within touching distance, Prime Minister Theresa May’s de facto deputy said on Tuesday, as Britain and the European Union sought to avoid missing a deadline for approving the divorce.While officials choreograph the first withdrawal of a sovereign state from the EU, it remains unclear whether May can get any deal approved by the British parl...Read More

(Repeats with no changes to text)STRASBOURG, Nov 13 (Reuters) - German Chancellor Angela Merkel told the European Parliament on Tuesday that the euro zone will only work if all member states meet their treaty responsibilities as a deadline looms for Italy to re-submit budget plans to the European Union.“Our common currency can only function if every individual member fulfils their responsibi...Read More

WASHINGTON (Reuters) - Georgia voters will wait until at least Friday for the final word on who will be their next governor after a U.S. federal judge ordered state election officials to review provisional ballots cast in last week’s election.In an order late on Monday, U.S. District Court Judge Amy Totenberg urged county election officials to conduct a “good faith” or “ind...Read More

Two key Democratic Republic of Congo opposition leaders withdrew their support for a joint candidate in next month's election, increasing the likelihood that President Joseph Kabila's protege will win.The next government will be less likely to modify new mining legislation that's deeply unpopular with Glencore Plc and Randgold Resources Ltd for boosting taxes and removing investor protections.Tha...Read More

Two key Democratic Republic of Congo opposition leaders withdrew their support for a joint candidate in next month's election, increasing the likelihood that President Joseph Kabila's protege will win.The next government will be less likely to modify new mining legislation that's deeply unpopular with Glencore Plc and Randgold Resources Ltd for boosting taxes and removing investor protections.Tha...Read More

WASHINGTON, Nov 13 (Reuters) - Italy’s fiscal stimulus plans would leave the country vulnerable to higher interest rates that could ultimately plunge it into recession, the International Monetary Fund warned on Tuesday, recommending instead a “modest” fiscal consolidation to reduce financing costs.The IMF said after an annual staff review of Italy’s economic policies that a...Read More

BERLIN (Reuters) - Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country’s 5G infrastructure amid concerns this could compromise national security.The behind-the-scenes push in Berlin, which comes after decisions by Australia and the United States to ban Chinese suppliers from 5G, has em...Read More

For those investors who look to gold for inflation protection, it seems they are prone to selling gold when they believe the Fed is going to at some point start raising interest rates. On the other hand, they tend to buy gold when the Fed is expected to get looser. That is what INK has found in this month's Gold Top 20 Stock Report in looking at the relationship between forward gold prices and ou...Read More

(Kitco News) - Thegold/silver ratio has risen to its highest level in roughly a quarter century,with silver suffering from both weakness in precious metals lately but also draggeddown by pessimism about base metals.“Thesilver price has been very weak in recent days - in both absolute and relativeterms....The gold/silver ratio has risen to 86, its highest level in 25 years,”said a resea...Read More

(Kitco News) - The gold/silver ratio has risen to its highest level in roughly a quarter century, with silver suffering from both weakness in precious metals lately but also dragged down by pessimism about base metals.“The silver price has been very weak in recent days - in both absolute and relative terms....The gold/silver ratio has risen to 86, its highest level in 25 years,” said a...Read More

In just a few weeks, humanity may take its first paid ride into the age of driverless cars.Waymo, the secretive subsidiary of Google's parent company, Alphabet Inc., is planning to launch the world's first commercial driverless car service in early December, according to a person familiar with the plans. It will operate under a new brand and compete directly with Uber and Lyft. The early start ma...Read More

LONDON (Reuters) - Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, BlackRock, the world’s largest asset manager, said on Tuesday.Oil and gas giants such as Royal Dutch Shell (RDSa.AS), Chevron (CVX.N) and BP (BP.L) are generating as much cash at today’s oil prices of around $70...Read More

WASHINGTON (Reuters) - CNN filed a lawsuit on Tuesday against the Trump administration over the revocation of press credentials for White House correspondent Jim Acosta, whose questions and reporting have been a frequent target of criticism by President Donald Trump.“We have asked this court for an immediate restraining order requiring the pass be returned to Jim, and will seek permanent rel...Read More

Susquehanna lifted its rating on both names to "positive"Chip stocks have had a rough stretch, as evidenced by the price action in the VanEck Vectors Semiconductor ETF (SMH), down 15% since its early September highs near $110. Susquehanna sees buying opportunity within the semiconductor space, though, and earlier today upgraded Nvidia Corporation (NASDAQ:NVDA) and Xilinx, Inc. (NASDAQ:XLNX) to "p...Read More

AAPL is lower after Goldman cut iPhone estimatesThe shares of Apple Inc. (NASDAQ:AAPL) are down 0.5% to trade at $193.25 this morning, after a price-target cut from Goldman Sachs to $209 from $222. In addition, the brokerage firm cut Apple's iPhone estimates for 2019, thinking it will produce 6% fewer iPhones next year because supplier Lumentum Holdings (LITE) recently slashed its shipment outlo...Read More

LONDON - Sid Tipples, joint head of JPMorgan's metals business, will leave the bank around the end of the year, four sources familiar with the matter said.JPMorgan's metals operation is one of the world's largest with global activity in both industrial and precious metals. Tipples is based in London and runs it together with Mike Nowak, who works in New York.Tipples joined the bank in 2010 from RB...Read More

SINGAPORE (Reuters) - Asian leaders gathered for a summit on Tuesday amid warnings that the post-World War Two international order is in jeopardy and trade tensions between Washington and Beijing could trigger a “domino effect” of protectionist measures by other countries.Malaysian Prime Mahathir Mohamad told a business forum ahead of the summit in Singapore that other developed countr...Read More

   •  A modest USD uptick prompts some fresh selling at higher levels.   •  Improving risk-sentiment further collaborate to the intraday slide.   •  Fed rate hike expectations should keep a lid on any attempted rebound. Gold surrendered early modest recovery gains and dropped to fresh one-month lows, below the key $1200 psychological mark...Read More