(Reuters) - Broadcom Ltd said in a letter to U.S. Congress on Friday that it will not sell any critical national security assets to any foreign companies if its $117 billion deal to buy chipmaker Qualcomm Inc is approved.U.S. Republican lawmakers on Monday backed a U.S. panel’s decision to delay Qualcomm’s shareholder meeting to allow for a more extensive review of Broadcom’s tak...Read More
(Reuters) - U.S. stock index futures were flat on Friday as investors refrained from making big bets ahead of a key jobs data, a day after President Donald Trump’s softened stance on trade tariffs helped markets close higher.Worries that Trump’s tariffs on steel and aluminum could ignite a global trade war had roiled markets since last Thursday, with the exit of chief economic adviser...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Market...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Market...Read More
TEPCO sunk 34.5 billion yen ($324 million) in public funds into the project... so far!Read full newsRead More
Mr. Joseph Campbell reportsTERRAX WINTER DRILLING EXTENDS SAM OTTO ZONE WITH 1.5 KM STEP-OUT HOLE, CONFIRMING A 2.2 KM LONG MINERALIZED ZONE OPEN ALONG STRIKE AND AT DEPTHTerrax Minerals Inc. has released assay results from the first five holes (2,003 metres) of its 2018 winter drill program now under way on the Yellowknife City gold project.Two of these holes (688 metres) tested the Sam Otto Sout...Read More
Mr. Joseph Campbell reportsTERRAX WINTER DRILLING EXTENDS SAM OTTO ZONE WITH 1.5 KM STEP-OUT HOLE, CONFIRMING A 2.2 KM LONG MINERALIZED ZONE OPEN ALONG STRIKE AND AT DEPTHTerrax Minerals Inc. has released assay results from the first five holes (2,003 metres) of its 2018 winter drill program now under way on the Yellowknife City gold project.Two of these holes (688 metres) tested the Sam Otto Sout...Read More
MOSCOW, March 9 (Reuters) - Russian aluminium producer Rusal said on Friday its aluminium poses no threat to U.S.firms as its products are "not produced in sufficient quantity"by U.S.-based producers."Imports will continue, especially in those segments whichare in deficit of supply," Rusal said in a reply to a request byReuters.Rusal, which said that over 10 percent of its tota...Read More
LONDON, March 9 (Reuters) - British economic growth weakenedin the three months to February and is likely to soften furtherthis month due to unusually snowy weather last week, theNational Institute of Economic and Social Research estimated onFriday."We estimate that economic growth nudged lower to 0.3 percent in the 3 months to February. Activity has eased slightlyand is likely to slow furthe...Read More
BRUSSELS, March 9 (Reuters) - U.S. President Donald Trump'sspeech introducing steel and aluminium tariffs sounded veryprotectionist, European Union Commission Vice President JyrkiKatainen said on Friday."When I read the speech of President Trump and when he wastalking about economic security, to my ears it sounded veryprotectionist: economy without competition," Katainen told anews confe...Read More
* Industry warns shipments will be displaced to Europe* Some of the impact could be offset by U.S. operations* European sector recovers some losses (Writes through, updates prices)By Christoph Steitz and Maytaal AngelFRANKFURT/LONDON, March 9 (Reuters) - European steelmakersare pinning their hopes on the European Union being able tonegotiate an exemption from new U.S. steel import tariffs thathave...Read More
(Adds Trump speaking with Australian PM Turnbull)* Treasury Secretary Mnuchin opens way for more exemptions* Japan, EU deny exports threaten U.S. national security* Brazil, Argentina, South Korea, Australia want waivers* Top trade academic dubs Trump tariffs "small potatoes" * Chinese steel makers demand retaliation on coalBy Lindsay Dunsmuir, Robin Emmott and Ruby LianWASHINGTON/BRUSSEL...Read More
LONDON, March 9 (Reuters) - Britain will work with theEuropean Union to consider the scope of any exemptions fromimpending U.S. tariffs on metals after President Donald Trumpintroduced levies on steel and aluminium imports, Prime MinisterTheresa May's spokesman said on Friday.The EU has said it should be exempt from the tariffs as thebloc is a close ally of the United States. Britain is preparingt...Read More
(Adds context)PARIS, March 9 (Reuters) - Europe must respond to U.S.President Donald Trump's new tariffs on steel and aluminium witha united voice if its eventual counter-measures are to have animpact, French Finance Minister Bruno Le Maire said on Friday.Trump pressed ahead on Thursday with import tariffs of 25percent on steel and 10 percent for aluminum but exempted Canadaand Mexico and offered...Read More
VIENNA, March 9 (Reuters) - Austrian steelmaker Voestalpine will monitor the effects of new U.S. tariffs on steeland aluminium imports and may not invest further in the UnitedStates until it has a clear picture of the situation, its chiefexecutive said on Friday."The United States remains attractive but it could be thatthere is a certain pause in our investment activity until thepolitical con...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Friday it expects to lose about 200,000 tonnes in coal output due to an almost two-month interruption at its Elkview coal mine in British Columbia.The Vancouver-based miner, which confirmed the restart of the mine's drying complex, said repairs will cost less than $10 million, in line with previous estimates.F...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Friday it expects to lose about 200,000 tonnes in coal output due to an almost two-month interruption at its Elkview coal mine in British Columbia.The Vancouver-based miner, which confirmed the restart of the mine's drying complex, said repairs will cost less than $10 million, in line with previous estimates.F...Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) said Friday it expects to lose about 200,000 tonnes in coal output due to an almost two-month interruption at its Elkview coal mine in British Columbia.The Vancouver-based miner, which confirmed the restart of the mine's drying complex, said repairs will cost less than $10 million, in line with previous estimates.F...Read More