By Oliver GriffinGlencore said Tuesday that Chief Executive Ivan Glasenberg has resigned as a director of Russian company United Co. Rusal PLC (0486.HK), which was placed on the U.S. sanctions list alongside its controlling shareholder EN+ Group. The Anglo-Swiss mining and commodity-trading company said it is committed to complying with all sanctions, and that it is taking all necessary steps to...Read More

Suresh Withana from Harmony Capital, the investment manager for Adamas Finance Asia (LON:ADAM) caught up with Proactive investors to talk through the recent disposal of a chunk of their legacy portfolio.As consideration for the deal, Adamas will be issued a convertible bond by Fook Lam Moon - a long-established and well known Hong Kong-based food and beverage business.  Meet360 Blockchain Inc...Read More

By James Marson and Scott Patterson This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 10, 2018). MOSCOW -- Russian markets convulsed in the wake of new U.S. sanctions, as the ruble tumbled and domestic and foreign investors dumped Russian stocks. Shares in United Co. Rusal PLC, th...Read More

   •  Early optimism fades on a report that the US-China trade talks have stalled.   •  Surging US bond yields/risk-on mood now seemed to cap additional gains. Gold reversed an early dip to $1331 level and moved back to the top end of its daily trading range, albeit lacked any follow-through momentum. A modest US Dollar rebound prompted some initial weakness...Read More

FRANKFURT (Reuters) - Bayer (BAYGn.DE) shares jumped nearly 5 percent on Tuesday following a media report that the U.S. Justice Department will allow the German drugs and pesticides group to acquire Monsanto (MON.N) in a $62.5 billion deal.The Justice Department reached an agreement in principle with Bayer and Monsanto in recent days after the companies agreed to sell more assets, the Wall Street...Read More

LONDON (Reuters) - Oil broke above $70 a barrel on Tuesday, extending strong gains from the previous day, as investors grew more optimistic that a trade dispute between the United States and China may be resolved without greater damage to the global economy.Brent crude futures were up $1.39 at $70.04 a barrel by 1131 GMT, while West Texas Intermediate crude futures rose $1.23 to $64.65 a barrel.Th...Read More

(Reuters) - U.S. stock index futures rose more than a percent on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.In his first public comments since the trade dispute with the Trump administration started, Jinping vowed to open the country’s economy and said China would raise the foreign ownership lim...Read More

(Reuters) - Futures pointed to a higher opening for Canada's main stock index on Tuesday as Chinese President Xi Jinping's promise to lower import tariffs eased concerns about a Sino-U.S. trade war.Xi said China will sharply widen market access for foreign investors, a chief complaint of the country's trading partners and a point of contention for U.S. President Donald Trump's administration, whic...Read More

(Reuters) - Kroger Co (KR.N) said on Tuesday it would hire 11,000 employees in its supermarket divisions, including Fred Meyer stores and Mariano’s Fresh Market, with nearly 2,000 of them for management roles.The hiring would not include jobs created as a result of capital investment, such as temporary construction jobs or increases due to the company’s mergers, Kroger said.The company...Read More

LONDON (Reuters) - The euro jumped on Tuesday, bond yields edged higher and European stocks gave up some gains after a top European Central Bank policymaker said the bank could raise its sub-zero desposit rate before normalising monetary policy.Ewald Nowotny told Reuters in an interview that its 2.55 trillion euro ($3.1 trillion) bond buying programme would be wound down by the end of this year, w...Read More

(Kitco News)- Thegold market is holding its own as U.S. wholesale inflation pressures rose morethan expected last month.Tuesday,the U.S. Labor Department said its Producer Price Index (PPI) rose 0.3% inMarch following an increase of 0.2% in February. According to consensus forecasts, economists were expecting anincrease of 0.1%. Forthe year, producer prices rose 3.0%. CorePPI, which strips out vo...Read More

(Kitco News) - The gold market is holding its own as U.S. wholesale inflation pressures rose more than expected last month.Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) rose 0.3% in March following an increase of 0.2% in February. According to consensus forecasts, economists were expecting an increase of 0.1%. For the year, producer prices rose 3.0%. Core PPI, which strip...Read More

(Kitco News)- Gold remains caught in a tight trading range, bouncing up against resistance once again at the$1,339 area. The softening of the trade warjargon overnight saw Chinese President XiJinping offer a more conciliatory tone by promising to open up the Chinese market.This was offset by concerns over the level of the U.S. response to Syria's useof chemical weapons. Until the response, if any,...Read More

Newmont Mining Corp. (NYSE: NEM) says the Ahofo mill expansion andall civil surface construction work remain suspended until the company andauthorities “are satisfied that work can resume safely.” Six construction contract workers were killedin an accident on Saturday, and an investigation is being led by theInspectorate Division of Ghana’s MineralsCommission. Newmont temp...Read More

Newmont Mining Corp. (NYSE: NEM) says the Ahofo mill expansion and all civil surface construction work remain suspended until the company and authorities “are satisfied that work can resume safely.” Six construction contract workers were killed in an accident on Saturday, and an investigation is being led by the Inspectorate Division of Ghana’s Minerals Commission. Newmont...Read More

(Kitco News) - Gold and silver prices marketshave not strayed far from unchanged price levels so far Tuesday. The bulls areimpressed with the resilience of their safe-haven metals, in the face of keenerrisk appetite in the marketplace the past two days. A weaker U.S. dollar indexso far this week is working in favor of the precious metals bulls. June Comex gold futures were last up $1.10 an ounce a...Read More

(Kitco News) - Gold remains caught in a tight trading range, bouncing up against resistance once again at the $1,339 area. The softening of the trade war jargon overnight saw Chinese President Xi Jinping offer a more conciliatory tone by promising to open up the Chinese market. This was offset by concerns over the level of the U.S. response to Syria's use of chemical weapons. Until the response, i...Read More

It was not a great day to be a Russian billionaire...Read full newsRead More

NEW YORK (Reuters) - Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits.Changes in how companies can measure and apply past losses to tax bills, coupled with more extreme scenarios in the Federal Reserve’s annual bank stress tests, could ma...Read More

BEIJING (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday that he is still optimistic that very few if any of the proposed tariffs by the United States and China announced in recent weeks will actually be implemeneted.Kaplan told reporters at an event in Beijing that it is in the interests of both countries to have a constructive trade relationship.Reporting by Elias...Read More