WASHINGTON/TORONTO (Reuters) - Western allies stepped up pressure on U.S. President Donald Trump on Monday to keep alive an international nuclear deal with Iran, with French President Emmanuel Macron due to urge him in person not to tear up the 2015 agreement.Trump has said that unless European allies fix what he has called its “terrible flaws” by May 12, he will restore U.S. economic...Read More

MOSCOW/LONDON (Reuters) - As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude.Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has he...Read More

(Kitco News)- The dollar is emerging as the dominant driver of goldprices, according to the World Gold Council.In the short and medium term, gold’s prices can be explainedby both the U.S. dollar and interest rates, but according to a recent report bythe WCG, the dollar will overtake rates to explain the direction of the yellowmetal.“The correlation between gold and US rates is waning a...Read More

(Kitco News) - The dollar is emerging as the dominant driver of gold prices, according to the World Gold Council. In the short and medium term, gold’s prices can be explained by both the U.S. dollar and interest rates, but according to a recent report by the WCG, the dollar will overtake rates to explain the direction of the yellow metal. “The correlation between gold and US rates is w...Read More

(Reuters) - Goldman Sachs Group Inc on Monday named company veteran John Mallory to lead its private wealth management business in the Americas.The business is part of the Wall Street bank's investment management division, which oversees about $1.5 trillion for clients.Mallory previously led Goldman's investment management division in the Western United States and has spent more than 20 years at t...Read More

Tony O'Reilly, chief executive of Providence Resources PLC (LON:PVR), discusses the long awaited and hotly anticipated breakthrough for the Barryroe project, off Ireland's south coast.A farm-out deal with a consortium of Chinese companies puts Barryroe on-track to become Ireland's first producing oil field - at its peak the field could eventually produce a hundred thousand barrels of crude per day...Read More

The shares hit an eight-year low earlierThe broader stock market has erased its modest lead ahead of this week's onslaught of corporate earnings reports. Among individual stocks to watch are aluminum giant Alcoa Corp (NYSE:AA), Bowflex parent Nautilus, Inc. (NYSE:NLS), and homegoods retailer Pier 1 Imports Inc (NYSE:PIR), which are all seeing wild price action. Here's a quick look at moving shares...Read More

APQ Global Limited's (LON:APQ) Bart Turtelboom tells Proactive Investors in the first quarter of 2018 they decreased their exposure to equities and credit.At the end of the period, the bulk of the company's overall exposure was in credit and government bonds (65.6% of book value), followed by equity exposure (28.0%).EM local currency bond exposure accounted for 22.5% of book value.The company paid...Read More

(Reuters) - Wall Street’s three major indexes struggled for direction on Monday as Treasury yields inched up to levels that have spooked investors in recent months.The yield on 10-year U.S. Treasury notes US10YT=RR hit a four-year high of 2.998 percent, edging closer to the 3-percent level, amid worries about the growing supply of government debt and accelerating inflation as oil and commodi...Read More

LONDON (Reuters) - Leading shareholders in British listed infrastructure funds are doubling down on their investments, betting the political worries that sent valuations to decade-lows are overdone.The funds, which mainly invest in building and maintaining UK assets like schools and hospitals, have boomed in recent years as successive governments supported private finance initiatives (PFI) aimed a...Read More

The Dow component will be part of tomorrow's big earnings slateTravelers Companies Inc (NYSE:TRV) is scheduled to report earnings before the open tomorrow, April 24, and the stock has been testing a key level on the charts ahead of the event. Specifically, TRV shares have pulled back to the $135-$137 area. The $135 price point equals a roughly 10% decline from the equity's Feb. 2 record high of $1...Read More

Utilitywise plc (LON:UTW) saw its shares rise 7.1% to 29.8p in late-afternoon trading as increased customers led to double digit profit growth in its interim results.The AIM-listed utilities consultant reported a pre-tax profit of ?950,000, swinging from a ?12.9mln loss for the same period last year which was caused mainly by legal and restructuring costs.Revenue for the period grew to ?39.7mln...Read More

April 23 (Reuters) - Barrick Gold Corp reported a slightly better than expected increase in first-quarter adjusted profit on Monday and said it was done selling assets to cut debt and would instead use funds from any future sales to boost growth or pay dividends.The world's biggest gold producer by production said its focus would increasingly be on growth from its own projects and operations in Ne...Read More

BlueRock Diamonds PLC (LON:BRD) CEO Adam Waugh and CFO David Facey caught up with Proactive Investors to discuss the miner's first quarter update.Grades from its Kareevlei diamond mine were 3.8 carats per hundred tonnes (cpht) for the first quarter, up from 1.92 cpht for the same period last year.The amount of carats sold also shot up to 1,563 compared to 92 in the first quarter of 2017, represent...Read More

Gold futures on Monday settled lower for a third session in a row, touching the lowest level in nearly five weeks, as the commodity has been buffeted by a strengthening dollar and gains in the benchmark Treasury note. June gold GCM8, +0.17% was down $14.30, or 1.1%, to $1,324 an ounce, marking its lowest finish since March 21 and its worst daily drop since April 12, according to FactSet data. The...Read More

Gold futures on Monday settled lower for a third session in a row, touching the lowest level in nearly five weeks, as the commodity has been buffeted by a strengthening dollar and gains in the benchmark Treasury note. June gold GCM8, -0.19% was down $14.30, or 1.1%, to $1,324 an ounce, marking its lowest finish since March 21 and its worst daily drop since April 12, according to FactSet data. The...Read More

Story by Jeff DesjardinsIs the commodity supercycle coming back from the dead?For now, such a claim could perhaps be considered both bold and premature - but there does seem to be some compelling evidence that is mounting to back it up.The asset quiltAccording to the most recent "Asset Quilt of Total Returns" put together by Bank of America Merrill Lynch, commodities are the top returning asset cl...Read More

Story by Jeff DesjardinsIs the commodity supercycle coming back from the dead?For now, such a claim could perhaps be considered both bold and premature - but there does seem to be some compelling evidence that is mounting to back it up.The asset quiltAccording to the most recent "Asset Quilt of Total Returns" put together by Bank of America Merrill Lynch, commodities are the top returning asset cl...Read More

Story by Jeff DesjardinsIs the commodity supercycle coming back from the dead?For now, such a claim could perhaps be considered both bold and premature - but there does seem to be some compelling evidence that is mounting to back it up.The asset quiltAccording to the most recent "Asset Quilt of Total Returns" put together by Bank of America Merrill Lynch, commodities are the top returning asset cl...Read More

General Electric stock broke out last week, while Apple shares tankedGeneral Electric Company (NYSE:GE) stock was among the best of the Dow Jones Industrial Average (DJI) last week, punctuated by the conglomerate's stronger-than-expected earnings report on Friday. On the flip side, Apple Inc. (NASDAQ:AAPL) stock was among the worst blue chips last week, amid concerns about the iPhone and ebbing sm...Read More