JOHANNESBURG, April 4 (Reuters) - The South African High Court ruled in favour of the once empowered, always empowered principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm.Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8 percent of the countr...Read More

JOHANNESBURG, April 4 (Reuters) - The South African High Court ruled in favour of the once empowered, always empowered principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm.Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8 percent of the countr...Read More

WASHINGTON (Reuters) - New orders for U.S.-made goods rebounded in February, boosted by strong demand for transportation equipment and a range of other products, pointing to a strengthening manufacturing sector.Factory goods orders increased 1.2 percent, nearly unwinding January’s revised 1.3 percent decline, the Commerce Department said on Tuesday.Economists polled by Reuters had forecast f...Read More

JOHANNESBURG, April 4 (Reuters) - The South African High Court ruled in favour of the once empowered, always empowered principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm.Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8 percent of the countr...Read More

By Susanne BartonThis year hasn't been kind to precious-metal stock pickers at the world's biggest asset manager, but their luck may be about to turn.The $1.3 billion BlackRock Gold and General Fund lost 15 percent last quarter, its worst performance since the third quarter of 2015. Among large materials-focused equity funds, it was the second-worst performer after another BlackRock gold fund domi...Read More

By Susanne BartonThis year hasn't been kind to precious-metal stock pickers at the world's biggest asset manager, but their luck may be about to turn.The $1.3 billion BlackRock Gold and General Fund lost 15 percent last quarter, its worst performance since the third quarter of 2015. Among large materials-focused equity funds, it was the second-worst performer after another BlackRock gold fund domi...Read More

MCX ZINC COMMODITY CALLSZinc Commodity – Zinc Carry Sell Hold call 402 given at price 214.25 Achieved 1st Target 213 Today. Total profit made 1.25 Points per lotTIPS ID 402 : ZINC HOLD Call - SELL Mcx Zinc April at CMP 214.25 with SL Above 216.10 for Target 213 - 211.50AFTER POST CONTENT Read More

WASHINGTON (Reuters) - The U.S. Federal Reserve does not need to raise its benchmark interest rate much further given how close it is to the neutral rate, St. Louis Fed President James Bullard said on Wednesday.“Current policy setting is closer to neutral than in previous years,” Bullard said in prepared remarks before a bankers association in Little Rock, Arkansas.“It is not nec...Read More

(Kitco News)- Although gold is off its sessionhighs, the market continues to hold on to modest gains following a drop insentiment within the service sector, according to the latest data from the Institutefor Supply Management.Wednesday, the ISM said its non-manufacturing index showed a readingof 58.8% for March, down from February's reading of 59.5%.Consensus forecasts were calling for a reading a...Read More

(Kitco News) - Although gold is off its session highs, the market continues to hold on to modest gains following a drop in sentiment within the service sector, according to the latest data from the Institute for Supply Management.Wednesday, the ISM said its non-manufacturing index showed a reading of 58.8% for March, down from February's reading of 59.5%. Consensus forecasts were calling for a rea...Read More

NEW YORK (Reuters) - The dollar fell against the yen and Swiss franc on Wednesday after China retaliated against the Trump administration’s plan to slap tariffs on Chinese goods, proposing a list of similar duties on a wide range of U.S. imports.In the midst of the U.S.-China trade tension, the dollar has weakened in four of the last five sessions against the yen, down nearly 6 percent so fa...Read More

JOHANNESBURG (Reuters) - South African police said on Wednesday that five people had been arrested in connection with a petrol bomb attack on a bus that killed six workers on their way to the Modikwa platinum mine earlier this week.The platinum belt has been a flashpoint of violence rooted in community grievances over jobs, revenue flows and conflict between rival unions that threatens production...Read More

Chris Eadie, finance director at Rose Petroleum PLC (LON:ROSE) discusses with Proactive's Andrew Scott the decision to expand their footprint in Utah's Paradox basin - acquiring a 75% working interest in an additional 3,320 gross acres.The package is being acquired via joint venture partner Rockies Standard Oil Company (RSOC) and, including the new acquisition, the partnership now addresses some 7...Read More

Pivotal Research said NTAP's dividend could be hiked by up to 100%While the rest of the stock market tanks on Chinese tariff concerns, NetApp Inc. (NASDAQ:NTAP) stock is up 0.6%to trade at $61.02, thanks to an upgrade to "buy" from "hold" at Pivotal Research. The analyst in coverage cited higher growth expectations for the data storage firm, and expects management to announce at least a $2.5 bill...Read More

NEW YORK (Reuters) - U.S. President Donald Trump’s recent tariffs and retaliation from other nations, in particular China, may reduce domestic economic growth by 0.1 to 0.2 percentage point over the next 12 months, Moody’s Analytics’ chief economist Mark Zandi said on Wednesday.“It will put a dent in that growth,” Zandi told reporters on a conference call. “The...Read More

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Wednesday he expects trade actions between the United States and China will likely lead to a negotiated deal, but that it was unclear whether such talks would happen by the end of May or later.“It wouldn’t be surprising at all if the net outcome of all this is some sort of a negotiation,” Ross said in an interview...Read More

(Reuters) - The Dow Jones Industrial Average sank more than 2 percent at the open on Wednesday as big U.S. manufacturers, grain merchants and chipmakers bore the brunt of a deepening trade conflict between China and the United States.The S&P 500 .SPX opened below its 200-day moving average, a key technical level.The Dow fell 506.21 points, or 2.11 percent, to 23,527.15. The S&P lost 40.7...Read More

Barclays downgraded the stock to "underweight" from "equal weight"Shares of PTC Therapeutics, Inc. (NASDAQ:PTCT) are trading lower this morning after Barclays downgraded the stock to "underweight" from "equal weight" while simultaneously raising its price target to $26 from $24. An analyst from the firm said the company's growth potential is already priced into the share price. PTCT was last seen...Read More

By Julia PayneLONDON, April 4 (Reuters) - Commodities trader Trafigura has signed an offtake agreement for cobalt hydroxide running to December 2020 with Shalina Resources and its subsidiary Chemaf, based in the Democratic Republic of Congo (DRC), Chemaf said in a statement on Wednesday.Interest in cobalt reflects a shift in the automotive industry to electric cars (EV), powered by lithium-ion bat...Read More

BA shares are hovering near the 100-day moving averageBoeing Co (NYSE:BA) stock had already been lagging in recent weeks based on a belief that a trade war with China would be a significant blow to the aerospace giant. These fears seem warranted now, after Beijing just announced new tariffs on dozens of U.S. products, including aircraft. Shares of the Dow component are trading down 4.6% at $315.52...Read More