TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More
TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More
WASHINGTON (Reuters) - The U.S. Congress raced on Thursday to approve a massive spending bill and send it to President Donald Trump before a midnight Friday government shutdown deadline, in a move that would significantly boost defense and non-military funding through Sept. 30.The House of Representatives cleared the way for a vote on the measure later on Thursday, voting 211-207 to open debate. I...Read More
BRUSSELS (Reuters) - Signs of cracking in the European Union’s common front on Brexit may encourage hopes in London that Prime Minister Theresa May can exploit continental divisions to secure British advantage.But EU leaders and diplomats, as well as some British Brexit experts, argue that May risks disappointment in that quest, as Germany leads a push to prevent London unraveling the EU sin...Read More
(Bloomberg) - One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.The collapse in commodities through 2015 hobbled some of Africa's biggest resource economies, stunting growth and leaving budgets short. Since then a recovery in prices has sent the continent'...Read More
(Bloomberg) - One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.The collapse in commodities through 2015 hobbled some of Africa's biggest resource economies, stunting growth and leaving budgets short. Since then a recovery in prices has sent the continent'...Read More
(Bloomberg) - One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.The collapse in commodities through 2015 hobbled some of Africa's biggest resource economies, stunting growth and leaving budgets short. Since then a recovery in prices has sent the continent'...Read More
The White House is expected to announce a plan for tariffs on ChinaStocks are drastically lower at midday, with the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) both down triple digits. Thetech sector continues to struggle, withFacebook (FB) stock deep in the red, despite CEO Mark Zuckerberg's apology over the Cambridge Analytica scandal. Traders are also anxious ahead of the W...Read More
March 22 (Reuters) - ?blockchain Capital* ?BLOCKCHAIN CAPITAL SAYS CLOSING OF BLOCKCHAIN CAPITAL IV, LP A $150 MILLION FUND? Source text for Eikon: Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can g...Read More
BERLIN (Reuters) - U.S. Trade Representative Robert Lighthizer told U.S. lawmakers that the European Union would be exempted from planned import tariffs on steel and aluminum, German news agency dpa reported on Thursday.Reporting by Michael Nienaber; Editing by Paul Carrel Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The au...Read More
LONDON (Reuters) - As Donald Trump’s ‘America First’ trade agenda turns from steel imports to Asian technology and intellectual property, a global trade war is now seen as the most serious risk for global investors, according to a recent survey.The growing protectionist rhetoric has helped push Europe’s Stoxx 600 index down more than 2 percent this week. Tech stocks have fa...Read More
The National Mining Association (NMA) has recognized Kinross Gold Corporation for receiving independent certification under its CORESafety (R) system. Kinross, one of the leading gold mining companies in the world, is the eighth NMA member company to complete each step of this process."We congratulate Kinross on starting out 2018 with this noteworthy accomplishment in mine safety and health," sai...Read More
The stock market will be closed on FridayThe upcoming trading week will be a short one, with markets closed on Friday for the Good Friday holiday. However, there's plenty of action for traders to digest, including a raft of Fed speeches after the central bank issued a rate hike yesterday, and gave a hawkish outlook. Plus, the final reading on fourth-quarter gross domestic product (GDP) will be rel...Read More
CAPE TOWN, March 22 (Reuters) - South Africa's state-owned freight company Transnet has signed a new deal with manganese miner South32 to export 2.6 million tonnes a year of the mineral to European and Chinese markets, the companies said on Thursday.South Africa accounts for close to 75 percent of global manganese reserves, Transnet said. The firm, which operates nearly three-quarters of the Afric...Read More
Indians hold a relatively low percentage of their total wealth in financial assets but that trend might be changing, according to a Credit Suisse survey. The investment bank released its latest version of the Emerging Consumer Survey that interviewed more than 14,000 respondents in eight emerging economies including India, China and Indonesia. By comparison, the Chinese hold 40 percent or more of...Read More
TOKYO (Reuters) - Japan’s financial watchdog plans to issue a warning against Hong Kong-based cryptocurrency exchange Binance for operating in Japan without being registered, a person with the direct knowledge of the matter said on Thursday.The Financial Services Agency (FSA) will file a criminal complaint if the exchange does not stop operating despite the planned warning, the person told R...Read More
Gold's firmness in the face of equity market weakness is impressive.It shined through on Wednesday after the Fed hiked interest rates.Supporting factors for gold are also favorable, immediate-term.The firmness we've observed in the gold market in recent commentaries conspicuously shone through on Wednesday. Gold experienced an impressive rally on a day when Treasury yields rose and equities sh...Read More
Zara Boldt and Glenn Kondo take each other's placesRead full newsRead More
A J.P. Morgan Securities analyst says hotel trends in February looked goodRoughly a month after the company changed its name from Priceline Group (PCLN) to Booking Holdings Inc (NASDAQ:BKNG), its stock is receiving bullish attention from analysts. Specifically, Doug Anmuth from J.P. Morgan Securities weighed in on a few travel names, reiterating his stance that BKNG is his favorite online travel s...Read More
LONDON (Reuters) - The threat of a global trade war and a steady message from the Federal Reserve on U.S. interest rates pushed the dollar to its lowest in over a month on Thursday, and took Europe’s main share markets into the red.It was the dollar's third decline in four sessions and helped Britain's pound GBP= to a six-week high after a Bank of England policy meeting laid the foundation...Read More