TOKYO (Reuters) - Japan's biggest banks have begun major revamps of their domestic retail networks, as the cost of maintaining traditional branches weighs heavily at a time of diminishing revenue and a shift in how consumers conduct financial transactions.The top three lenders reported weak earnings at their core commercial banking units, propped up by lower bad loan costs, gains in stock holdings...Read More
(Reuters) - Twenty-First Century Fox Inc (FOXA.O) Executive Chairman Rupert Murdoch is used to getting his way at the company he built into a media empire. But a challenge to a $52 billion deal he put together six months ago could test his sway with shareholders.Several Fox investors told Reuters they would be open to terminating the company's agreement, inked in December, to sell most of its medi...Read More
* LME/ShFE arb:* Funds still short copper * Support near May lows near $6,710-6,720 (Adds closing prices)By Pratima DesaiLONDON, May 15 (Reuters) - Copper fell on Tuesday underpressure from negative sentiment fuelled by a higher dollar andrising inventories, though upbeat industrial production datafrom China offered some support.Benchmark copper on the London Metal Exchange endeddown 1.1 percent a...Read More
World's largest mortgage bankers- Fannie Mae and Freddie Mac, would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for ne...Read More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
LONDON, May 15 (Reuters) - The London Bullion MarketAssociation said on Tuesday it had suspended the EkaterinburgNon-Ferrous Metals Processing Plant from its gold and silvergood delivery lists due to "ownership related issues".The refinery in Russia is controlled by Moscow-basedconglomerate Renova Group, which along with its key shareholder,billionaire Viktor Vekselberg, was sanctioned b...Read More
• Reviving USD demand/surging US bond yields keeps exerting downward pressure. • Mixed sentiment around equity markets does little to support safe-haven demand. Gold traded with a mild negative bias for the third consecutive session and has now dropped back to its immediate support near the $1310 region. The precious metal extended its rejection slide...Read More
By Benjamin Parkin and David Hodari Gold prices fell to the lowest point this year as signs of a stronger economy pushed the U.S. dollar higher. June-dated gold contracts fell 1.8% to $1,294 a troy ounce at the Comex division of the New York Mercantile Exchange, trading at the lowest point since late December. Prices for the precious metal have traded between around $1,365 to $1,300 for most of...Read More
A 48-year-old German motorist died when his Telsa Model S crashed into a highway guardrail near the Swiss town of Bellinzona, and burst into flames trapping the driver.Read full newsRead More
* Strong U.S. bond yields underpin dollar * GRAPHIC-2018 asset returns: (Updates prices; adds comment, second byline, NEW YORK todateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, May 15 (Reuters) - Gold slid more than 1percent on Tuesday, falling for a third day to hit its lowestthis year as a rise in U.S. borrowing costs pushed up the dollarand overshadowed the impact of strife in Gaz...Read More
Mountain Province Diamonds (TSX, NASDAQ: MPVD) has appointed outgoing Firestone Diamonds (LON:FDI) boss and former De Beers financial chief, Stuart Brown, as its new president and top executive.Brown led Lesotho-focused Firestone since September 2013 and was the main person in charge of securing the funding and building the team that delivered the successful construction and transition to producti...Read More
Mountain Province Diamonds (TSX, NASDAQ: MPVD) has appointed outgoing Firestone Diamonds (LON:FDI) boss and former De Beers financial chief, Stuart Brown, as its new president and top executive.Brown led Lesotho-focused Firestone since September 2013 and was the main person in charge of securing the funding and building the team that delivered the successful construction and transition to producti...Read More
Global miners Glencore and Barrick Gold expect to receive a prospecting license for a nickel joint venture in Tanzania after the government canceled its retention license, Barrick said.Read full newsRead More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
The GS Mining Company announces the addition of Matt Mason to the team at The Bates Hunter Gold mine effective today.The Moria Token is a crypto-currency issued by the GS Mining Company LLC which operates the historic Bates Hunter gold mine in Colorado.Read full newsRead More
LONDON, UK / ACCESSWIRE / May 14, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Trevali Mining, Yamana Gold, Kinross Gold, and Eldorado Gold.Today's stocks of interest consist of: Trevali Mining CorporationRead full newsRead More
Gold streaming companies are a great way to invest in the precious metal. Here are some of the key benefits you need to know about and the top stocks to consider.Read full newsRead More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
LONDON, May 15 (Reuters) - Sibanye-Stillwater plans to shutloss-making production at Lonminwhen it takesover the platinum miner, the chief financial officer ofSibanye's U.S region said."We will not cross-subsidise loss-making production acrossthe portfolio," Justin Froneman said at the BloombergIntelligence Precious Metals Forum in London."If we've got ounces that aren't covering th...Read More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More