Copper Tips – Copper SELL Call 60e given at price 447.40 Triggered SL at price 450. Total 2.6 Points SL hit in Copper call60e : Copper Intraday - SELL Copper at CMP 447.40 for Target 445 - 444 with SL Above price 450AFTER POST CONTENT Read More
ANKARA (Reuters) - President Tayyip Erdogan said on Wednesday Turkey’s presidential and parliamentary elections will be brought forward to June 24, more than a year earlier than planned, saying the country urgently needed to make the switch to an executive presidency.Erdogan said he made the decision after speaking to the head of the nationalist MHP party, Devlet Bahceli, who a day earlier h...Read More
(Kitco News) - With last year’s equity momentum gone, the best strategy in the marketplace, which is largely ignoring the Federal Reserve’s monetary tightening, is to buy gold, according to one strategist.“2017 has left the building,” chief investment strategist at 3EDGE Asset Management LP Fritz Folts told Bloomberg earlier this week. “We will definitely have more vo...Read More
(Kitco News) - With last year’s equity momentum gone, the best strategy in the marketplace, which is largely ignoring the Federal Reserve’s monetary tightening, is to buy gold, according to one strategist.“2017 has left the building,” chief investment strategist at 3EDGE Asset Management LP Fritz Folts told Bloomberg earlier this week. “We will definitely have more vo...Read More
* Demand to grow by 600-800kt of lithium carbonate equivalent* Automakers have 'legitimate concern' over supply* SQM to boost annual lithium carbonate capacity to 100kt in 2019 (Updates throughout)By Tom DalySHANGHAI, April 18 (Reuters) - The global lithium industry will need $10 billion-$12 billion of investment over the next decade to meet surging demand amid the electric vehicle boom, an execut...Read More
Tips for Aluminium – SELL Aluminium at CMP 160.75 Add if Price 161.85 With SL above 162.90 For Target 156.50 – 155AFTER POST CONTENT Read More
WASHINGTON (Reuters) - U.S. Senator Robert Menendez, the top Democrat on the Foreign Relations Committee, said on Wednesday he would oppose President Donald Trump’s nomination of CIA Director Mike Pompeo as secretary of state, in a blow to the nomination.Menendez criticized the Trump administration, and Pompeo in particular, for lacking a strategic vision across the foreign policy spectrum.&...Read More
Brenda Goh, Andrew GalbraithSHANGHAI (Reuters) - When spirits dealer Daniel Taytslin brought his first pallet of American Ragtime Rye whiskey into Shanghai in early April, the 672 bottles faced a 5 percent import tariff at China’s customs.His next shipment from New York could be a lot more expensive as China prepares to slap a 25 percent additional tariff on hundreds of American products, in...Read More
Gertrude Chavez-Dreyfuss, Anna IrreraNEW YORK (Reuters) - A start-up launched by three Princeton University graduates for a new cryptocurrency has raised $133 million from a slew of big investors in a private placement, Intangible Labs Chief Executive Officer and co-founder Nader Al-Naji said on Wednesday.Intangible Labs is the creator of basis, a digital currency that aims to maintain a stable pr...Read More
Rania El Gamal, Alex LawlerDUBAI/LONDON (Reuters) - Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement’s original target is within sight.The Organization of the Petroleum Exporting Countries, Russia and several other producers bega...Read More
Andreas Rinke, Paul CarrelBERLIN (Reuters) - German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president.President Emmanuel Macron, who will meet Merkel in Berlin on Thursday, is pushing hard for bold euro zone reforms to defend the 19-member currency bloc again...Read More
(Reuters) - The benchmark S&P 500 index posted slight gains on Friday, helped by gains from industrial and energy stocks, but IBM’s disappointing results and a sell-off in semiconductor stocks weighed on the Nasdaq and the Dow.IBM (IBM.N) fell 6.2 percent after the company reported quarterly profit margins that fell short of Wall Street expectations.Semiconductor stocks .SOX also took a...Read More
* Potential for cobalt at Western Australian operations* Could also take cobalt from third parties* May double nickel sulphate output to 200,000 TBy Tom DalySHANGHAI, April 18 (Reuters) - BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a...Read More
Gold's immediate trend still up despite equity market improvement.Safety bid remains intact due in part to lingering geopolitical fears.Flattening yield curve is another factor bolstering gold demand.While the fear which gripped investment markets last week has dissipated in recent days, gold continues to benefit from lingering fears and remains near a multi-week high. Its lateral consolidatio...Read More
IBM's first-quarter gross profit margin came in below the consensus forecastIBM (NYSE:IBM) last night reported a first-quarter profit of $2.45 per share, excluding items, on $19.07 billion in revenue -- more than analysts were expecting. However, Big Blue said its adjusted gross margin dropped to 43.7% and it expects full-year adjusted earnings of at least $13.80, both below forecasts. As a result...Read More
Andrew Pearson, LightwaveRF's (LON:LWRF) chief executive, explains the strategic thinking behind the change in its sales and marketing arrangements, its relationship with Apple and the new demonstration facility at John Lewis in Westfield, White City. The market for smart home appliances is huge, he adds, with 18 million in the UK alone of which LightwaveRF has 40,000 customers. Voice control is r...Read More
(Reuters) - Goldman Sachs Group Inc (GS.N) Chief Executive Officer Lloyd Blankfein said on Wednesday he expects Chief Operating Officer David Solomon to succeed him when he decides to leave.In an interview with CNBC, Blankfein said he did not have a definite “timeline for succession.”Speculation over Blankfein’s succession surfaced earlier this year, after the Wall Street Journal...Read More
Nickel surged to a more than three-year high amid growing fears that Russia's Norilsk Nickel, top producer of the metal, could be the next victim of US sanctions against Russia that has already caused chaos on aluminum markets.Nickel, used primarily in steelmaking, jumped as much as 4.6% to $14,870 a ton on the London Metal Exchange, the highest level since February 2015. Bullish sentiment was...Read More
RIGL stock, on the other hand, is continuing its wild April ridePharmaceutical stocks Calithera Biosciences Inc (NASDAQ:CALA), Teligent Inc (NASDAQ:TLGT), and Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) are all making big moves today, following Food and Drug Administration (FDA) news. What's more, CALA and TLGT could have room to run, if short sellers decide to hit the exits.Calithera Stock An Ana...Read More
OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, as expected, but said more hikes will be needed over time amid progress on the dynamics of wage growth and inflation, two issues that had previously concerned the central bank.In altering its long-repeated notes of caution on price and wage pressures, the bank sounded a more hawkish tone on the future of interest rates,...Read More