What exactly is alluvial mining? Put simply, it's the mining of stream bed deposits (also known as alluvial deposits) for minerals.Read full newsRead More

WASHINGTON, June 14 (Reuters) - The U.S. Federal Reserve on Thursday said it would finalize a rule introduced following the 2007-09 global financial crisis limiting the amount of credit exposure a big bank can have to a single counterparty.The rule, which applies to domestic and foreign banks of more than $250 billion in assets, aims to prevent the contagion risks that saw many big banks wobble du...Read More

FRANKFURT/LONDON (Reuters) - Deutsche Bank (DBKGn.DE) has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said.Germany’s flagship lender has agreed to sell a non-performing ship loan portfolio with a notional value of $1 billion to investors Oak Hill Adv...Read More

WASHINGTON, June 14 (Reuters) - The U.S. Federal Reserve on Thursday said it would finalize a rule introduced following the 2007-09 global financial crisis limiting the amount of credit exposure a big bank can have to a single counterparty.The rule, which applies to domestic and foreign banks of more than $250 billion in assets, aims to prevent the contagion risks that saw many big banks wobble du...Read More

The tech stock was downgraded on FAANG concernsOracle Corporation (NYSE:ORCL) is sitting out the day's broader rally in tech stocks, thanks to a pair of bearish brokerage notes. For starters, J.P. Morgan Securities downgraded the stock to "neutral" from "overweight," and lowered its price target to $53 from $55, saying the software company is losing market share in the cloud space to larger firms...Read More

WASHINGTON (Reuters) - A top U.S. banking regulator who bought financial stocks in the months before he became a regulator for the industry told lawmakers on Thursday that those investments were allowable and proper.Joseph Otting is prohibited from buying U.S. bank stocks as the Comptroller of the Currency but the former banker did invest in the sector in the months between his nomination and swea...Read More

Lindsay DunsmuirWASHINGTON (Reuters) - The International Monetary Fund warned on Thursday that U.S. President Donald Trump’s new import tariffs threaten to undermine the global trading system, prompt retaliation by other countries and damage the U.S. economy.“Let us not understate the macroeconomic impact,” IMF Director Christine Lagarde said, saying the tariffs will have a large...Read More

Plus, Pandora's big social media partnershipStocks are trading mixed this afternoon, with the Nasdaq just off a fresh record high. Individual stocks making big moves todayinclude music streaming service Pandora Media Inc (NYSE:P), as well as drug concerns Nightstar Therapeutics PLC (NASDAQ:NITE) and Mylan NV (NASDAQ:MYL). Below, we will take a closer look at howshares of P, NITE, and MYL are tr...Read More

The stock has more than doubled in roughly a monthSince going public back in March, China-based online media stock iQiyi, Inc. (NASDAQ:IQ) has been unstoppable. The shares have more than doubled in value since early May, last seen trading up 10% at $38.26, after earlier topping out at $39.74. This price action could be catching Wall Street off guard, too, with just six brokerage firms in coverage...Read More

RIGA/FRANKFURT (Reuters) - The European Central Bank will shut its hallmark bond purchase scheme by the close of the year, it said on Thursday, taking its biggest step yet toward dismantling crisis-era stimulus a decade after the start of the euro zone’s economic downturn.But in a balanced announcement reflecting the uncertainties hanging over the economy, it signaled that any interest rate...Read More

LONDON (Reuters) - Prime Minister Theresa May failed on Thursday to win around pro-EU lawmakers in her party over parliament’s role in the Brexit process, raising the risk of defeat in lower house votes next week.May is struggling to unite the Conservative Party around her plan for leaving the European Union, trying to balance the demands of those who want the closest possible ties with the...Read More

WASHINGTON - The U.S. Supreme Court sided with the Trump administration and against China on Thursday on a disputed aspect of their fraught trade relationship, throwing out a lower court ruling that had allowed two Chinese vitamin C makers to escape $148 million in damages for violating American antitrust law.In a case that brought the trade conflict between the world’s two largest economies...Read More

Gold futures gained Thursday, scoring the highest finish in a month for a most-active contract in the wake of monetary policy decisions by the European Central Bank and U.S. Federal Reserve. The leading dollar index, which typically moves inversely to gold, also gained, after spending the early part of the day in the red. Forex investors assessed the European Central Bank's plan to end in December...Read More

DBX topped out at a record high earlierShares of Dropbox Inc (NASDAQ:DBX) hit a record high of $38.09 earlier, and were last seen trading up 15.3% at $36.50. While no specific catalyst is clear, some are labeling the cloud concern a takeover target and others are pointing to a short squeeze. Whatever the reason, DBX is pacing for its fourth straight win and its best day since going public back on...Read More

NEW YORK (Reuters) - There is evidence that tether, a digital currency pegged to the U.S. dollar, may have been used to manipulate the price of bitcoin BTC=BTSP and other cryptocurrencies, according to a research paper released by the University of Texas on Wednesday.“Tether seems to be used both to stabilize and manipulate bitcoin prices,” said the paper’s co-authors, professo...Read More

JOHANNESBURG (Reuters) - South Africa’s struggling state utility Eskom started controlled electricity outages on Thursday, after trade union pay protests at its power plants prevented it meeting demand.The last time there were controlled power outages in Africa’s most industrialized economy, in 2015, economic output suffered. Power cuts during winter are likely to cause hardship for mi...Read More

Valcambi has entered into an agreement with Emergent Technology Holdings LP (Emergent) to use Emergent's blockchain technology to trace the provenance of gold from mines, to the refinery, and through to vaults.Emergent's mobile application scans chips in tamper proof seals to record the provenance of gold and the transfer of custody between participants on the gold supply chain. "Producing refi...Read More

WASHINGTON (Reuters) - Secretary of State Mike Pompeo conveyed U.S. resolve for “complete, verifiable and irreversible denuclearization” of the Korean Peninsula with Chinese President Xi Jinping, the State Department said on Thursday, as well as concerns about Chinese activities in the South China Sea.Pompeo told Xi and other Chinese leaders during a meeting in Beijing that Washington...Read More

(Reuters) - U.S. stocks ticked higher on Thursday, after the European Central Bank signaled that any interest rate hike was still far away, even as it moved to end its 2.55 trillion euro stimulus program by the end of the year.The ECB’s statement came as a relief, especially after the Federal Reserve raised rates for the second time this year on Wednesday and hinted at two more hikes by the...Read More

Sunvest Minerals Corp (TSXV:SSS) (Read full newsRead More