March 15 (Reuters) - Mines run by Glencore, Randgold Resources and three other international companies have quit the Democratic Republic of Congo’s chamber of commerce, saying the industry body does not adequately represent their interests after the introduction of a new mining law.The miners said in a joint statement that a team representing the companies had arrived in Kinshasa and would b...Read More

FTSE 100 closes up around 7ptsFinancial stocks gainTesco gains on JP Morgan upgradeHammerson hammered FTSE 100 closed higher - just - as the Dow Jones in the US rallied amid an easing over trade war tensions.Britain's blue chip index closed up around seven points, or 0.10%, at 7,139, while FTSE 250 was equally lacklustre, adding just around eight points at 19,828.There was no major UK da...Read More

Traders weigh mixed reports on factories, consumers, growthTreasury yields advance; euro declines; Texas crude jumpsJames Bevan Says Big Worries Relate to the Uncertainties on Central BanksU.S. stocks closed higher for the first time all week as traders digested positive factory output and consumer sentiment reports before next week’s Federal Reserve meeting. Ten-year Treasury yields rose a...Read More

Gold held by Venezuela's central bank fell 14 per cent in value in 2017 compared with the previous year, according to the bank's financial statement.Gold represents just under 70 per cent of the bank's international reserves, which at the end of 2017 totaled $9.665 billion.The value of Venezuela's monetary gold stood at $6.626 billion as of December 2017, according to the most recent official info...Read More

A 'An-12' airplane taking off after refuelling at an airport in Siberia lost almost 172 bars of gold/silver dore that fell to the ground after breaking through the loading bay fuselage. The bars, which originally came from Kinross' Kupol mine in Chukotka, northeastern Russia, weighted 20 kilos each and ended up scattered on the runway and the fields that surround the airport.According to local med...Read More

A 'An-12' airplane taking off after refuelling at an airport in Siberia lost almost 172 bars of gold/silver dore that fell to the ground after breaking through the loading bay fuselage. The bars, which originally came from Kinross' Kupol mine in Chukotka, northeastern Russia, weighted 20 kilos each and ended up scattered on the runway and the fields that surround the airport.According to local med...Read More

Astorius Resources Ltd. (TSXV: ASQ, Frankfurt: 47AF)("Astorius" or the "Company") is pleased to announce that alluvial mining consultants, Velrub Ltd. ("Velrub"), have been hired to perform exploration work on both the Company's Condor and Osos1 concessions located in Ecuador.Read full newsRead More

Dustin Volz, Timothy GardnerWASHINGTON (Reuters) - The Trump administration on Thursday blamed the Russian government for a campaign of cyber attacks stretching back at least two years that targeted the U.S. power grid including nuclear facilities.The condemnation is the first time the United States has publicly accused Russia of attempting to hack into the American energy infrastructure, which U....Read More

NEW YORK (Reuters) - The Federal Reserve bought $3.195 billion of agency mortgage-backed securities in the week from Mar. 8 to Mar. 14, compared with $3.374 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agenc...Read More

NEW YORK (Reuters) - Oil prices edged higher in choppy trade on Thursday after the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.Prices notched their second consecutive day of gains, as West Texas Intermediate (WTI) crude CLc1 futures rose 23 cents to settle at $61.19 a barrel, a 0.4 percent gain. Brent crude LCOc...Read More

NEW YORK (Reuters) - The S&P 500 turned lower on Thursday on a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump’s businesses, reinforcing the picture of turmoil in the White House.The S&P fell to a session low soon after the New York Times report was released. The Nasdaq, already down, added to its losses, whil...Read More

BRUSSELS (Reuters) - Large companies with significant digital revenues in the European Union such as Google and Facebook could face a 3 percent tax on their turnover under a draft proposal by the European Commission seen by Reuters.The proposal, expected to be adopted next week and still subject to changes, updates an earlier draft which envisaged a tax rate of between 1 and 5 percent.The tax, if...Read More

UnitedHealth stock helped the Dow higher, howeverThe Dow finished over 100 points higher today, snapping a three-day losing streak thanks to a strong session from UnitedHealth (UNH) and upbeat economic data. However, the S&P and Nasdaq ended the day in the red, amid lingering concerns of a global trade war and reports that special counsel Robert Mueller recentlysubpoenaed the Trump Organization f...Read More

In preparation for an interview today with Kitco's Daniela Cambone I've put together some notes on the Kudlow appointment.For what it is worth:KudlowHis positions are well known....+Knocks on his bombastic persona and spotty track record are also well known+In 2007-2008 he vehemently came out saying everything was fine. And his math and logic in justifying his reasons were flawed by my cou...Read More

WASHINGTON (Reuters) - Democrats on a congressional oversight panel accused Republicans on Thursday of failing to insist that U.S. President Donald Trump’s administration comply with requests for records in an investigation of security clearance practices, use of private jets and private email accounts.Democrats said that at a committee meeting on Thursday, Republicans blocked requests that...Read More

WASHINGTON (Reuters) - President Donald Trump has not decided whether he will sign legislation that would allow U.S. officials to travel to Taiwan to meet with their Taiwanese counterparts, the White House said on Thursday.“A final decision hasn’t been made. We’ll keep you guys posted,” White House spokeswoman Sarah Sanders told reporters during a briefing.The legislation,...Read More

NEW YORK (Reuters) - The dollar rose for a second straight session on Thursday as traders further trimmed short currency positions and braced for next week’s Federal Open Market Committee meeting at which the U.S. central bank is expected to raise interest rates for the first time this year.The dollar index, which measures the greenback against a basket of six other major currencies, was up...Read More

By Oliver GriffinRandgold Resources Ltd. said Thursday that its Kibali gold mine, which it owns with AngloGold Ashanti Ltd. (ANG.JO), has resigned from Federation des Entreprises du Congo, the Democratic Republic of Congo's chamber of commerce, with immediate effect. The gold miner said that the Kibali mine, accompanied by Glencore PLC Mutanda Mine, and China Molybdenum Co. Ltd.'s (>> company sh...Read More

At the end of February Morgan Stanley sent shares of lithium producers and explorers tumbling after the investment bank forecast a huge surplus in the market for the battery raw material in 2022, resulting in forecast prices nearly halving from today's levels.The negative assessment raised eyebrows in the industry with executives criticizing Morgan Stanley for vastly underestimating the rise in de...Read More

Global stocks have been volatile recentlyThe White House has created an endless stream of headlines for the U.S. stock market to react to lately, with President Donald Trump's steel and aluminum tariff plan sending the Dow slumping into the month of March. Traders also responded to signs of potential trade wars with the European Union (EU) and China, as well as reports a May meeting between Trump...Read More