Recent News

Anglo American's leaky pipeline in Brazil has hit its production and EBITDA guidance ($):

April 24, 2018 / bit.ly

Iron ore operations in Brazil only expected to return in December quarterRead full newsRead More

FREE MCX TIPS Nickel Today – Buy Nickel at cmp 944.50 for Target 954 – 960 with Small SL 938.50

April 24, 2018 / mcx.freetips.tips

Nickel Today – Buy Nickel at cmp 944.50 for Target 954 – 960 with Small SL 938.50. RISK taker trade 2 lotsAFTER POST CONTENT Read More

Trump says North Korean leader Kim has been 'very honorable'

April 24, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday that North Korean leader Kim Jong Un had been “very honorable” and wanted to meet with Trump as soon as possible.Trump, who made the comments to reporters during a meeting with French Prime Minister Emmanuel Macron at the White House, has said a planned meeting with Kim could take place in late May or June.Reporting by...Read More

Stocks retreat as U.S. 10-year yields top 3 percent

April 24, 2018 / www.kitco.com

NEW YORK (Reuters) - A gauge of world stocks dipped on Tuesday, relinquishing earlier gains after U.S. bond yields crossed the three percent threshold for the first time in four years, while oil prices stretched above the $75 per barrel mark.Equities in Europe hit session lows and U.S. stocks lost ground after the U.S. 10-year Treasury yield US10YT=RR crossed the 3 percent mark to a high of 3.003...Read More

3M Stock, Rising Bond Yields Pressure Dow

April 24, 2018 / www.schaeffersresearch.com

3M shares have shed roughly 7% after earningsThe Dow Jones Industrial Average (DJI) has moved lower following this morning's round of blue-chip earnings, with the blue-chip index pacing for a fifth straight loss, which would mark its longest daily losing streak since March 2017. A huge decline in 3M (MMM) shares is doing the most damage on the Dow, while Alphabet's (GOOGL) post-earnings slide is...Read More

Calls Popular as Boeing Stock Crosses Key Trendline Ahead Of Earnings

April 24, 2018 / www.schaeffersresearch.com

Boeing stock recently reclaimed its 50-day moving averageBoeing Co (NYSE:BA) is scheduled to report first-quarter earnings before the open tomorrow. The aerospace giant will hope to avoid the fate of sector peerLockheed Martin (LMT), which is lower today despite an upbeat earnings report. Ahead of the event, options traders are flocking to BA calls, hoping for a repeat post-earnings performance....Read More

Namibia may scrap black ownership requirements for mining companies - minister

April 24, 2018 / www.mining.com

WINDHOEK, April 24 (Reuters) - Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday.Regional peers such as Angola and Zimbabwe are also trying to kickstart their mining sectors by easing investment rules at a time when oth...Read More

After weeks of chaos, US throws aluminum industry lifeline

April 24, 2018 / www.mining.com

(Bloomberg) - After two weeks of convulsions caused by U.S. sanctions against United Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica.Then on Monday, the U.S. Treasury threw a potential lifeline by making clear it's not pushing for the company's collapse."The U.S. gove...Read More

High-profile investors bet on stocks tied to millennials: Sohn Conference

April 24, 2018 / www.kitco.com

NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday that they said should benefit from the growing clout of the millennial generation, ranging from online food ordering to homebuilders.John Khoury, founder and managing partner of the $2.7 billion Long Pond Capital hedge fund, revealed a long position in U.S. homebui...Read More

To beat porch thieves, Amazon slips packages in car trunks

April 24, 2018 / www.kitco.com

(Reuters) - Not content to stop at slipping packages inside customers’ front doors, Amazon.com Inc (AMZN.O) on Tuesday started a new program to deliver packages to its members’ parked cars.The world's largest online retailer is rolling the program out in 37 U.S. cities for customers with newer compatible vehicles and plans to expand the service. All that is required to have packages de...Read More

Dollar, euro hold after U.S. 10-year yield hits 3 percent

April 24, 2018 / www.kitco.com

NEW YORK (Reuters) - The U.S. dollar and euro were largely unchanged on Tuesday morning as the 10-year Treasury yield broke through the psychologically significant barrier of 3 percent.The dollar index hit a three-month high of 90.985 against a basket of six currencies in morning trade, though the big gains on rising U.S. government bond yields mostly occurred yesterday.“Yesterday was a big...Read More

Canada's Teck Resources profit rises on higher sales volumes

April 24, 2018 / www.mining.com

April 24 (Reuters) - Canada's Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported on Tuesday a 15 percent increase in first-quarter adjusted profit on increased sales volumes.Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million ($586.4 million) or C$1.31 per share in the quarter ended March 31, comp...Read More

Canada's Teck Resources profit rises on higher sales volumes

April 24, 2018 / www.mining.com

April 24 (Reuters) - Canada's Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported on Tuesday a 15 percent increase in first-quarter adjusted profit on increased sales volumes.Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million ($586.4 million) or C$1.31 per share in the quarter ended March 31, comp...Read More

Citi chairman says all options being considered for his replacement

April 24, 2018 / www.kitco.com

CHICAGO/BENGALURU (Reuters) - Citigroup Inc (C.N) Chairman Mike O’Neill said on Tuesday all options were being considered for his replacement, when he will retire in the next 12 months.The options include having Citigroup Chief Executive Officer Mike Corbat taking on the additional role of chairman, O’Neill said at the Wall Street bank’s annual shareholder meeting.O’Neill h...Read More

Chile's Copec to buy stake in copper project in Peru

April 24, 2018 / www.mining.com

SANTIAGO, April 23 (Reuters) - Chilean industrial conglomerate Empresas Copec SA said on Monday it had reached an agreement with Peru's Minsur S.A. to buy a 40 percent stake in a holding company that owns a Peruvian copper mine project for $168.5 million.Minsur will retain 60 percent ownership in Cumbres Andinas S.A., the company that controls the Mina Justa project, Santiago-based Copec said in a...Read More

Italy's PD says might talk to 5-Star if center-right shut out

April 24, 2018 / www.kitco.com

ROME (Reuters) - Italy’s center-left Democratic Party (PD) said on Tuesday it would be willing to hold coalition talks with the 5-Star Movement on condition the anti-establishment party breaks contact with the center-right.Italy has been stuck in political limbo since inconclusive elections at the beginning of March, which saw a conservative alliance led by the League win the most seats and...Read More

As NAFTA ministers meet, Mexico eyes new deal by next week

April 24, 2018 / www.kitco.com

MEXICO CITY (Reuters) - Ministers from the United States, Canada and Mexico meeting in Washington could agree on a revised North American Free Trade Agreement in the next 10 days, a Mexican business leader said on Tuesday.Negotiators have said a new NAFTA could be possible by early May, and officials hailed progress on the key issue of new automotive sector rules last week.“In the coming 10...Read More

FREE MCX TIPS Copper Live – Buy Copper at CMP 458.80 for Target 462 – 463.50 with SL below price 456

April 24, 2018 / mcx.freetips.tips

Copper Live – Buy Copper at CMP 458.80 for Target 462 – 463.50 with SL below price 456. Trade 2 lotsAFTER POST CONTENT Read More

Australia's New Century to supply zinc concentrate to Concord

April 24, 2018 / www.mining.com

MELBOURNE, April 24 (Reuters) - New Century Resources has signed a deal to supply zinc to global trader Concord Resources Ltd, as it pushes to sell the final portion of production planned at its site in northern Australia, the company said on Tuesday.In the miner's fifth supply deal, Concord will take approximately 5 percent of production when it begins in the third quarter at the Century Zinc Min...Read More

Airbus CEO says post-Brexit production shift open for discussion

April 24, 2018 / www.kitco.com

BERLIN (Reuters) - Airbus (AIR.PA) will not move its existing activities out of Britain when the country leaves the European Union but could forgo basing new projects there, its chief executive said on Tuesday.“I do not see that we kind of pick up and move somewhere else. But of course for future activities, future production, future development, that is open for discussion,” Tom Ender...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok