Trevor Hunnicutt, Jennifer AblanNEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the “Bond King,” said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds.Gundlach, on an investor webcast, said massive U.S. Treasury supply to fund the ball...Read More

David Lawder, David ShepardsonWASHINGTON (Reuters) - U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, a source who had discussed the issue with the White House said on Tuesday.A second source who had direct knowledge of the administration’s thinking said the tariffs could come &ldqu...Read More

FTSE 100 closes down 76 ptsChancellor Spring Statement over and dullRex Tillerson replaced as Secretary of State in USFTSE 100 closed in the red as global traders were put off by  political instability in the US  and after the UK Chancellor's spring statement.FTSE 100 finished almost 76 points lower at 7,138, while the mid-cap FTSE 250 lost over 254 points at 19,863.In the US, the Dow Jo...Read More

The Massachusetts Institute of Technology and Commonwealth Fusion Systems have partnered to advance a new generation of fusion experiments and power plants based on advances in high-temperature superconductors, which could help achieve the long-sought goal of producing fusion power.In a press release, the scientists and funders involved in the project define fusion power as a potentially "inexhaus...Read More

The Massachusetts Institute of Technology and Commonwealth Fusion Systems have partnered to advance a new generation of fusion experiments and power plants based on advances in high-temperature superconductors, which could help achieve the long-sought goal of producing fusion power.In a press release, the scientists and funders involved in the project define fusion power as a potentially "inexhaus...Read More

The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do? Hawks Awaken in Frankfurt… A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement: (…) if the outlook becomes less favourable, or if financial condit...Read More

Stocks once again started the day off strong, thanks to encouraging inflation data, and initially shook off President Donald Trump's abrupt dismissal of Secretary of State Rex Tillerson. However, a drop in energy and tech stocks -- not to mention a steep analyst-induced plunge for General Electric shares -- ultimately sent the Dow down triple digits for the second straight day. Even theNasdaq fini...Read More

WASHINGTON (Reuters) - Top U.S. Senate Democrats on Tuesday blasted President Donald Trump’s stance on Russia as too soft and indicated that his approach to the country accused of meddling in U.S. elections will come up when they consider his nominee for secretary of state next month.Saying that outgoing Secretary of State Rex Tillerson“was not close to tough enough on Russia,” S...Read More

WASHINGTON (Reuters) - Top U.S. Senate Democrats on Tuesday blasted President Donald Trump’s stance on Russia as too soft and indicated that his approach to the country accused of meddling in U.S. elections will come up when they consider his nominee for secretary of state next month.Saying that outgoing Secretary of State Rex Tillerson“was not close to tough enough on Russia,” S...Read More

David Budd, chief executive of Genedrive PLC (LON:GDR), tells Proactive they've begun commercial sales and shipments of their Genedrive HCV ID Kit, a qualitative molecular assay for HCV and Genedrive platform into the EMEA region - with an initial focus on Africa.The products have been shipped to their distributor, Sysmex Corporation, a world leader in clinical laboratory systemisation and solutio...Read More

WASHINGTON (Reuters) - The most powerful lawmaker in the U.S. Senate on Tuesday threw cold water on the prospect that the chamber will pass legislation rewriting or even ending tariffs that President Donald Trump put on steel and aluminum imports last week.“The administration has all control. The thought that the president would sign a bill that would undo actions he’s taken strikes me...Read More

NEW YORK (Reuters) - The U.S. Federal Reserve’s currency swap line with overseas central banks may not stem a further widening of the spread on dollar three-month London interbank offered rate and overnight indexed swap rate, a Citi Research analyst said on Tuesday.The premium of three-month LIBOR over three-month OIS, which is seen as a gauge of stress in the money markets, grew to 48.45 ba...Read More

NEW YORK (Reuters) - The U.S. Federal Reserve’s currency swap line with overseas central banks may not stem a further widening of the spread on dollar three-month London interbank offered rate and overnight indexed swap rate, a Citi Research analyst said on Tuesday.The premium of three-month LIBOR over three-month OIS, which is seen as a gauge of stress in the money markets, grew to 48.45 ba...Read More

Richard Spinks, chief executive of Active Energy Group PLC (LON:AEG) and Jakub Sza?,atkiewicz from Cobant, discuss with Proactive's Andrew Scott a new joint venture between them which is focused on a new "Super Fuel" - combining CoalSwitch and reclaimed coal from slurry dumps in Upper Silesia.The JV will assess the best ratio for a combination of reclaimed coal and Active Energy's wood-derived Coa...Read More

Minoan Group plc (LON:MIN) was the biggest gainer in late afternoon trading, with its shares jumping 40.9% higher to 7.40p after the luxury resort developer revealed it has signed an exclusivity agreement with an unnamed potential buyer for its Travel & Leisure division.The AIM-listed firm, which said the sale would leave the company debt free, added that first-quarter trading in the division...Read More

LONDON/MADRID (Reuters) - Goldman Sachs (GS.N) is moving one of its senior London-based dealmakers to Madrid as part of a plan to strengthen its European network ahead of Brexit, sources familiar with the matter said.Jorge Alcover, a 43-year old managing director from Catalonia, is in the process of relocating to Madrid after serving the Wall Street bank for more than a decade out of its London of...Read More

BRUSSELS (Reuters) - The world’s financial leaders will pledge to fight unfair trade practices and stress the role of global trade rules when they meet on March 20, as the United States raises the threat of a global trade war by imposing import tariffs on steel and aluminum.Finance ministers and central bank governors of the world’s 20 biggest economies will discuss on March 19-20 in B...Read More

David LjunggrenKINGSTON, Ontario (Reuters) - A degree of untapped potential remains in the Canadian labor market, meaning the economy may be able to generate more growth without higher inflation, the head of the Bank of Canada said on Tuesday, suggesting the central bank can take its time raising interest rates.Reiterating that the central bank will not take a mechanical approach to rates that wil...Read More

Pharmaceutical stocks went on a tear recently, with the iShares Nasdaq Biotechnology ETF (IBB) fresh off a seven-day winning streak -- its longest series of consecutive gains since March 2015. While the IBB is set to snap that streak today, a pair of high-flying biotech stocks could be ripe for more upside -- and their near-term options are a relative bargain right now: Vertex Pharmaceuticals Inc...Read More

Gertrude Chavez-DreyfussNEW YORK (Reuters) - A global regulatory crackdown on cryptocurrencies created by startups to finance new projects could slow the pace of virtual currency sales as questions mount about their transparency and the risk of scams for investors.More than 500 digital technology startups around the world have raised funds by selling their own cryptocurrencies, or tokens, that sid...Read More