DUBAI/LONDON (Reuters) - The United States has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, three OPEC and industry sources said on Tuesday, although it has not requested a specific figure.Earlier on Tuesday, Bloomberg reported that the U.S. government had asked them to increase oil production by about 1 million barrels a day (bpd).Reporting by Rania El Gamal...Read More

FSLR shares are pacing for another sharp lossFirst Solar, Inc. (NASDAQ:FSLR) yesterday fell 6.4%, breaching its 200-day moving average for the first time in over a year, due to China's new restrictive policies on the solar industry. The shares are again under pressure today, last seen trading 4.4% lower at $59.12, after BofA-Merrill Lynch downgraded the solar stock to "neutral" from "buy," and low...Read More

MEXICO CITY, June 5 (Reuters) - Mexico responded in kind to U.S. President Donald Trump's metals tariffs by imposing its own duties on American steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon.Mexico's peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the rising trade tensions between the two n...Read More

MILAN (Reuters) - Claudio Costamagna is stepping down as the head of Italian state lender Cassa Depositi e Prestiti, the banker said on Tuesday.“This morning I shared... the decision not to proceed with a second mandate as president of Cassa Depositi e Prestiti,” Costamagna said in a statement.Giuseppe Conte was sworn in last week as Italy’s prime minister, heading an anti-establ...Read More

The tech sector looks set to outperform once againFutures on the Dow Jones Industrial Average (DJI) are trading slightly below fair value this morning, with the blue-chip index set for a breather after two big days of gains. However, the tech sector continues to outperform, with futures on the Nasdaq-100 Index (NDX) higher ahead of the bell. More specifically, shares of Apple (AAPL) are on track t...Read More

LONDON (Reuters) - World tech stocks hit a record high on Tuesday spurred on by an all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index.MSCI’s global tech index .dMIWO0IT00PUS scored the milestone as the FAANGs - Facebook, Apple, Amazon, Netflix and Google - looked set to drive the tec...Read More

Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More

SAN JOSE, Calif. (Reuters) - Apple Inc (AAPL.O) on Monday unveiled software upgrades that would let older iPhones run faster, help parents limit their children’s screen time and make its Siri voice assistant work more like a rival feature from Amazon.com (AMZN.O).Taken together, the moves announced at Apple’s annual Worldwide Developers Conference in San Jose amounted to focusing on ke...Read More

Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) has officially open a solar farm at its Otjikoto mine in Namibia, which the country's Ministry of Mines and Energy, Tom Alweendo, said it was a "significant contribution" for the nation's attempts to find sustainable energy solutions.The opening follows the Vancouver-based miner's breaking ground on the construction of the $8.5 million, 7megawatt (...Read More

Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) has officially open a solar farm at its Otjikoto mine in Namibia, which the country's Ministry of Mines and Energy, Tom Alweendo, said it was a "significant contribution" for the nation's attempts to find sustainable energy solutions.The opening follows the Vancouver-based miner's breaking ground on the construction of the $8.5 million, 7megawatt (...Read More

Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) has officially open a solar farm at its Otjikoto mine in Namibia, which the country's Ministry of Mines and Energy, Tom Alweendo, said it was a "significant contribution" for the nation's attempts to find sustainable energy solutions.The opening follows the Vancouver-based miner's breaking ground on the construction of the $8.5 million, 7megawatt (...Read More

BERLIN (Reuters) - European states will present a united front on issues from Iran to trade and climate change at a Group of Seven summit starting on Friday but it is unclear if G7 leaders will agree on a communique at the end, a senior German official said on Tuesday.The June 8-9 meeting in Charlevoix, Canada, will begin with a working session on economic growth and trade - topical issues after U...Read More

(Kitco News) - Gold andsilver prices are trading near unchanged in quieter U.S. trading early today. Metalstraders are looking for some new fundamental news to help drive prices. August Comex gold futures were last down $0.40 an ounce at $1,296.80. July Comex silver was last down $0.011 at $16.42 an ounce. Worldstock markets were mixed to firmer overnight. U.S. stock indexes are pointedtoward mode...Read More

Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More

   •  Subdued USD demand/weaker US bond yields extend some support.   •  Fading safe-haven demand does little to register any meaningful recovery. Gold stall its recent decline from levels beyond the $1300 mark and now seems to have stabilized around the $1290 area  After three consecutive days of decline, the precious metal lacked any firm directional...Read More

ROME (Reuters) - Italy’s new prime minister promised on Tuesday to bring radical change to the country as he sought parliamentary backing for an anti-establishment government which plans to challenge European Union rules on budgets and immigration.Prime Minister Giuseppe Conte addressed the Senate, flanked by the leaders of two formerly fringe parties that had shoved aside mainstream parties...Read More

LONDON, June 5 (Reuters) - Italy's government bonds sold off on Tuesday, after the country's new Prime Minister Guiseppe Conte promised to bring radical change as he sought parliamentary backing for an anti-establishment government.The yield on Italy's government bonds rose sharply after the speech, with 10-year borrowing costs up 10 basis points on the day at 2.67 percent and 2-year yields up 6 b...Read More

Gold prices are flat amid offsetting factors,says commodities brokerage SP Angel. Investors are sidelined with a strong U.S.dollar after seven weeks of gains and U.S. data bolstering the FederalReserve’s case to lift interest rates again next week, analysts say. “Flattrading mirrors the lack of volatility in the precious metal, with a gauge of30-day volatility in Comex futures sinking...Read More

Gold prices are flat amid offsetting factors, says commodities brokerage SP Angel. Investors are sidelined with a strong U.S. dollar after seven weeks of gains and U.S. data bolstering the Federal Reserve’s case to lift interest rates again next week, analysts say. “Flat trading mirrors the lack of volatility in the precious metal, with a gauge of 30-day volatility in Comex futures sin...Read More

BEIJING (Reuters) - China’s economic restructuring is picking up pace, with its manufacturing sector showing signs of a shift to higher value-added areas - a credit positive, analysts at Moody’s Investors Service said on Tuesday.China has been cutting excess capacity in heavy industry in recent years to revive profitability in the sector and reduce high debt levels, while encouraging f...Read More