For a number of years problems at Ilva, the largest steelworks in Europe, have been casting shadow over the performance of the whole Italian steel industry. Will an acquisition of Ilva by a consortium led by ArcelorMittal, now in its final stage, be a game changer for the market?Following multiple reports of environmental and health problems caused by the Taranto plant, in 2013 Ilva was placed und...Read More
For a number of years problems at Ilva, the largest steelworks in Europe, have been casting shadow over the performance of the whole Italian steel industry. Will an acquisition of Ilva by a consortium led by ArcelorMittal, now in its final stage, be a game changer for the market?Following multiple reports of environmental and health problems caused by the Taranto plant, in 2013 Ilva was placed und...Read More
For a number of years problems at Ilva, the largest steelworks in Europe, have been casting shadow over the performance of the whole Italian steel industry. Will an acquisition of Ilva by a consortium led by ArcelorMittal, now in its final stage, be a game changer for the market?Following multiple reports of environmental and health problems caused by the Taranto plant, in 2013 Ilva was placed und...Read More
For a number of years problems at Ilva, the largest steelworks in Europe, have been casting shadow over the performance of the whole Italian steel industry. Will an acquisition of Ilva by a consortium led by ArcelorMittal, now in its final stage, be a game changer for the market?Following multiple reports of environmental and health problems caused by the Taranto plant, in 2013 Ilva was placed und...Read More
For a number of years problems at Ilva, the largest steelworks in Europe, have been casting shadow over the performance of the whole Italian steel industry. Will an acquisition of Ilva by a consortium led by ArcelorMittal, now in its final stage, be a game changer for the market?Following multiple reports of environmental and health problems caused by the Taranto plant, in 2013 Ilva was placed und...Read More
For a number of years problems at Ilva, the largest steelworks in Europe, have been casting shadow over the performance of the whole Italian steel industry. Will an acquisition of Ilva by a consortium led by ArcelorMittal, now in its final stage, be a game changer for the market?Following multiple reports of environmental and health problems caused by the Taranto plant, in 2013 Ilva was placed und...Read More
Oj Simpson takes his 'If I Did It' style confession to Fox and seems to admit to the Murder of Nicole Brown Simpson and Ron Goldman. Subscribe to Hollywoodlife: http://bit.ly/2dUQKs0 Wendy Williams, 53, has never shied away from expressing her opinion - but her latest one is pretty severe. On the Jan. 11 taping of The Wendy Williams Show, the host brought up the rumors that O.J. Simpson, 70, is th...Read More
March 12 (Reuters) - Gold prices fell on Monday as the dollar held steady after data showed the U.S. economy added a larger-than-expected number of jobs in February.FUNDAMENTALS* Spot gold was down 0.1 percent at $1,322.15 per ounce at 0123 GMT. Prices touched their lowest since March 1 at $1,312.99 in the previous session.* U.S. gold futures for April delivery fell 0.1 percent to $1,322.10 per ou...Read More
Operations at Newcrest Mining’s Cadia mine are temporarily suspended after a partial dam collapse following a series of earthquakes that hit New South Wales. Mine workers noticed the damage on Friday, Sydney Morning Herald reports, adding that “the tailings dams contain byproducts of mining and can contain materials which are harmful to the environment and human health.” Newcrest...Read More
(Kitco News) - London’s $6.8 trillion-a-year gold market is ready for change, according to a Reuters report, which states that the city’s clearing house — the London Precious Metals Clearing Limited (LPMCL) — is making it easier for others to join.The LPMCL operates the London’s electronic clearing system, which is responsible for clearing and settling all bullion tra...Read More
(Kitco News) - London’s $6.8 trillion-a-year gold market is ready for change, according to a Reuters report, which states that the city’s clearing house — the London Precious Metals Clearing Limited (LPMCL) — is making it easier for others to join.The LPMCL operates the London’s electronic clearing system, which is responsible for clearing and settling all bullion tra...Read More
(Reuters) - Newcrest Mining Ltd (NCM.AX) said on Monday its fiscal 2018 guidance would be adversely affected by the closure of its flagship mine following damages to a tailings dam wall.In its statement to the Australian Securities Exchange, the gold miner did not detail the extent to which the event would affect its 2018 forecast.The update followed Newcrest’s disclosure over the weekend th...Read More
Linda SiegTOKYO (Reuters) - Japan’s finance ministry is set to report on Monday that documents were doctored in a suspected cronyism scandal, which if true would add further pressure on Japanese Prime Minister Shinzo Abe and his close ally, Finance Minister Taro Aso.Abe, now in his sixth year in office, had tried to put behind him questions over the sale of state-owned land at a huge discoun...Read More
In the latest twist in the ongoing war of words between Beijing and Washington, China's minister of commerce, Zhong Shan accused the U.S. ofRead full newsRead More
Industrials retreat from big weekly gains as tariffs loomYen climbs on government land scandal; commodities declineChris Brankin of TD Ameritrade Singapore says "our customers are still bullish."U.S. stocks finished the day lower as uncertainty over the prospect of tariffs undid some of the market’s recent job-driven advances and investors looked forward to Tuesday’s U.S. inflation r...Read More
Marc JonesLONDON (Reuters) - The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said on Sunday.The latest report from the Switzerland-based group said that after such a long period of calm there were bound to be more market wobbles and that trade war worri...Read More
Steve HollandMOON TOWNSHIP, Pa. (Reuters) - U.S. President Donald Trump said on Saturday his planned meeting with North Korean leader Kim Jong Un could fizzle without an agreement or it could result in “the greatest deal for the world” to ease nuclear tensions between the two countries.“I may leave fast” if progress does not seem possible, Trump said at a campaign rally for...Read More
LONDON (Reuters) - Chinese banks have significantly stepped up their lending activities in recent years to rank now as the sixth-largest international creditor group, the Bank for International Settlements (BIS) said on Sunday.The BIS, an umbrella body for global central banks, said in its latest report that Chinese banks had cross-border financial assets worth about $2 trillion as of the third qu...Read More
The Bank for International Settlements (BIS) said cryptocurrencies and the debate around them - such as whether cash will be replaced by virtual substitutes - are part of a broader debate about the nature of money.The payments sector has argued that the use of cash is falling and therefore they don’t need to provide as many ATM machines or bank branches.But in the BIS’ latest quarterly...Read More