Recent News

New AutoMine (R) Lite 2.0 from Sandvik - a leading-edge integrated package for consistent and dynamic mining

February 27, 2018 / www.mining.com

Tampere, Finland, February 27, 2018 - The award-winning AutoMine (R) product family from Sandvik continues to evolve. The brand new next generation release of AutoMine (R) Lite 2.0 includes both consistent high-speed automated production missions and smart teleoperation capabilities for dynamic mining operations. As a combined package, the new AutoMine (R) Lite 2.0 is a unique solution for integra...Read More

'Hawkish' Powell Sinks #Stocks & #Bonds As VIX Curve Re-Inverts | Zero Hedge

February 27, 2018 / www.zerohedge.com

Just when you thought it was all over... Quite a chaotic day across asset-classes today - the most chaotic since the XIV crisis moves...Read full newsRead More

Gold Seeker Closing Report: Gold and Silver Fall Over 1% With Stocks and Oil

February 27, 2018 / news.goldseek.com

CloseGain/LossGold $1318.60-$14.60Silver$16.42-$0.21XAU78.97-2.82%HUI173.05-2.83%GDM603.45-2.01%JSE Gold1083.86-20.56USD90.40+0.55Euro122.33-0.87Yen93.27-0.37Oil$63.01-$0.9010-Year2.901%+0.038T-Bond143.6875-0.53125Dow25410.03-1.16%Nasdaq7330.35-1.23%S&P2744.28-1.27% The Metals: Gold edged up to $1334.70 in Asia, but it then fell all of the way back to $1313.50 in early afternoon New York t...Read More

Gold Corridor From Dubai to China Sought By Chinese Gold And Silver Exchange Society

February 27, 2018 / news.goldseek.com

- New Asian gold trading corridor could boost demand for 1 kg gold bars- Should increase turnover for yuan-denominated gold coins and bars - President- Secure supplies of physical gold from Middle East and Asia for China- China positioning itself as leading gold trading and owning nationby Karen Yeung in the SCMPThe Chinese Gold & Silver Exchange Society (CGSE), Hong Kong's gold exchange, is...Read More

Gold Seeker Closing Report: Gold and Silver Fall Over 1% With Stocks and Oil

February 27, 2018 / news.goldseek.com

CloseGain/LossGold $1318.60-$14.60Silver$16.42-$0.21XAU78.97-2.82%HUI173.05-2.83%GDM603.45-2.01%JSE Gold1083.86-20.56USD90.40+0.55Euro122.33-0.87Yen93.27-0.37Oil$63.01-$0.9010-Year2.901%+0.038T-Bond143.6875-0.53125Dow25410.03-1.16%Nasdaq7330.35-1.23%S&P2744.28-1.27% The Metals: Gold edged up to $1334.70 in Asia, but it then fell all of the way back to $1313.50 in early afternoon New York t...Read More

Gold Corridor From Dubai to China Sought By Chinese Gold And Silver Exchange Society

February 27, 2018 / news.goldseek.com

- New Asian gold trading corridor could boost demand for 1 kg gold bars- Should increase turnover for yuan-denominated gold coins and bars - President- Secure supplies of physical gold from Middle East and Asia for China- China positioning itself as leading gold trading and owning nationby Karen Yeung in the SCMPThe Chinese Gold & Silver Exchange Society (CGSE), Hong Kong's gold exchange, is...Read More

UPDATE 1-NZ businesses still pessimistic on outlook, uncertainty about gov't policies

February 27, 2018 / www.kitco.com

* Survey shows 19 pct of firms pessimistic in Feb* Negativity slowly recovering from post-election drop* Economy still faces headwinds - economist (Adds detail, market reaction, economist quote)WELLINGTON, Feb 28 (Reuters) - New Zealand's businesses were less pessimistic about the outlook in February, but firms struggled to shake off concerns aboutthe new government's policies while a slightly coo...Read More

UPDATE 2-Vale 4th-qtr profit rises but misses estimates on costs, forex

February 27, 2018 / www.kitco.com

(Adds detail on iron ore fines prices)RIO DE JANEIRO, Feb 27 (Reuters) - Brazilian iron ore miner Vale SA's quarterly net income jumped by 47 percent but still badly missed analyst estimates, depressed by rising costs and foreign exchange related losses.In a securities filing on Tuesday, the world's largest iron ore producer said net income totaled $771 million in the quarter, well below a consen...Read More

RPT-COLUMN-New Year, new themes for China's industrial metals trade: Andy Home

February 27, 2018 / www.kitco.com

(Repeats with no changes to text. The opinions expressed here are those of the author, a columnist for Reuters.)* Aluminium "semis" exports: * Copper scrap imports: * Nickel ore imports: * Refined zinc imports: By Andy HomeLONDON, Feb 27 (Reuters) - What will the Chinese New Year of the Dog bring for industrial metal markets? China still dominates the pricing landscape for the base meta...Read More

FOREX-Dollar near 3-week high, Powell's maiden testimony boosts rate hike bets

February 27, 2018 / www.kitco.com

* Dollar index clings near 3-week high set on Tuesday* Euro touches its lowest since Feb. 9 * Fed's Powell strikes hawkish tone in 1st testimony By Masayuki KitanoSINGAPORE, Feb 28 (Reuters) - The dollar stood near a three-week high against a basket of currencies on Wednesday, after Federal Reserve Chairman Jerome Powell's upbeat views on the economy bolstered bets on further Fed interest rate hik...Read More

China February official factory PMI fall to lowest since July 2016

February 27, 2018 / www.kitco.com

BEIJING, Feb 28 (Reuters) - Growth in China's manufacturing sector in February slowed more than expected to it lowest since July 2016, as the week-long Lunar New Year holiday disrupted business activity and tougher pollution rules curtailed factory output.The official Purchasing Managers' Index (PMI) released on Wednesday fell to 50.3 in February, from 51.3 in January. But it remained just above t...Read More

UPDATE 1-Japan industrial output tumbles on lower auto production

February 27, 2018 / www.kitco.com

(Adds breakdown on industrial output)* Jan output -6.6 pct m/m vs forecast -4.2 pct* Output seen +9.0 pct in Feb, -2.7 pct in March* METI changes assessment: output recovering "gradually" By Stanley WhiteTOKYO, Feb 28 (Reuters) - Japan's industrial output tumbled in January, partly hurt by a decline in the production of cars due to lower sales to the United States, raising concerns tha...Read More

S.Korea fin min says will consider preparing extra budget to boost jobs

February 27, 2018 / www.kitco.com

SEOUL, Feb 28 (Reuters) - South Korea's finance minister on Wednesday said the government will consider preparing a supplementary budget to create jobs and boost economic growth."We won't rule out the possibility of an extra budget," Kim Dong-yeon said at a parliament session when a lawmaker asked if the government's push to add jobs will mean increased fiscal expenditure. In 2017, South...Read More

China Stocks-Factors to watch on Wednesday

February 27, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC -1.1 pct, CSI300 -1.4 pct, HSI -0.7 pct* HK->Shanghai Connect daily quota used 13.1 pct* HK->Shenzhen Connect daily quota used 7.6 pct* CNY official close 6.317 per dollar* FTSE China A50 -1.9 pct, BNY Mellon ADR China Select Index -2.4 pct SHANGHAI, Feb 28 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other...Read More

New Zealand businesses remain pessimistic on outlook in Feb - ANZ survey

February 27, 2018 / www.kitco.com

WELLINGTON, Feb 28 (Reuters) - New Zealand businesses remained pessimistic about the outlook in February, though the mood improved somewhat from the previous month, an ANZ Bank survey showed on Wednesday.The survey's headline measure showed a net 19 percent of respondents expected the economy to deteriorate over the year ahead. It compared with a 37.8 percent pessimism level in the previousmonth's...Read More

DIARY-Government Debt Auctions to March 30

February 27, 2018 / www.kitco.com

Feb 28 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 28-FebGermany Auction of 10-year Federal bonds 28-FebSwedenAuction of Treasury bills1-MarSpain Bond auction1-MarUnited KingdomAuction of 0 3/4 % Treasury Gilt 20231-MarJapan 3...Read More

DIARY-Emerging Markets Economic Events to April 30

February 27, 2018 / www.kitco.com

Feb 28 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- WEDNESDAY, FEBRUARY 28 SINGAPORE -...Read More

DIARY-Top Economic Events to April 26

February 27, 2018 / www.kitco.com

Feb 28 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- WEDNESDAY, FEBRUARY 28 OTTAWA - Cana...Read More

RPT-Japan Jan industrial output falls 6.6 pct month/month

February 27, 2018 / www.kitco.com

(Repeats to attach to additional alert)TOKYO, Feb 28 (Reuters) - Japan's industrial output tumbled 6.6 percent in January from the previous month, government data showed on Wednesday, in a sign of a dip in corporate activity.The fall compared with a median forecast for a 4.2 percent decline and followed a revised 2.9 percent rise in the previous month.Manufacturers surveyed by the Ministry of Eco...Read More

Japan Jan retail sales rise 1.6 pct year/year

February 27, 2018 / www.kitco.com

TOKYO, Feb 28 (Reuters) - Japanese retail sales rose 1.6 percent in January from a year earlier, compared with a median market forecast for a 2.1 percent increase, government data showed on Wednesday.For background, please see this PREVIEW To view full tables, go to the website of the Ministry of Economy, Trade and Industry at: (Reporting by Izumi Nakagawa Editing by Chang-Ran Kim) Disclaimer: Th...Read More

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