Jeffrey Gundlach, the billionaire bond manager, said commodities may be one of the best investments this year as they surge during the late phase of the economic cycle.Read full newsRead More

(Kitco News) - Gold prices ended the U.S. session higher and hit a nearly four-month highWednesday. Safe-haven demand for the yellow metal was featured amid a rise inworld government bond yields that troubled the marketplace. A lower U.S. dollar index on this day also provided support to the precious metals. February Comex gold was last up $5.60 an ounce at $1,319.40. March Comex silver was last u...Read More

* Dollar down; bond yields hit highs after China report* Lennar falls after reporting Q4 profit miss* United Continental up on strong traffic, boost Dow Transports* Indexes down: Dow 0.05 pct, S&P 0.14 pct, Nasdaq 0.31 pct (Updates to early afternoon)By Sruthi ShankarJan 10 (Reuters) - Wall Street's major indexes pared earlier losses on Wednesday as higher U.S. government bond yields drove gai...Read More

(Kitco News) - Gold prices ended the U.S. session higher and hit a nearly four-month high Wednesday. Safe-haven demand for the yellow metal was featured amid a rise in world government bond yields that troubled the marketplace. A lower U.S. dollar index on this day also provided support to the precious metals. February Comex gold was last up $5.60 an ounce at $1,319.40. March Comex silver was last...Read More

Keeping the food retail theme running, Thursday brings Tesco Plc (LON:TSCO) and Marks and Spencer Group Plc (LON:MKS) onto the schedule, following Morrisons, Sainsbury's and Lidl updates so far this week.Of course Marks is not just a grocer, and the trading statement will likely be in focus for investors who are trying to gauge the Christmas period for the broader retail sector.No doubt ASOS will...Read More

TIDMRIO RNS Number : 5078B Rio Tinto PLC 10 January 2018 Rio Tinto receives a binding offer for Aluminium Dunkerque 10 January 2018 Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto's Aluminium Dunkerque smelter in northern France for $500 million, subject to final adjustments. In accordance with French law, Rio Tinto will launch a consultation process with employees,...Read More

* Credit Suisse, Goldman Sachs acting as bookrunners* About 18 mln shares to be placed at 86.25-88.46 euros* Covestro shares down in late Frankfurt trade (Adds detail on placement, context)FRANKFURT/MUNICH, Jan 10 (Reuters) - German drugs and pesticides group Bayer on Wednesday said it was selling more of its stake in chemicals group Covestro , aiming to raise about 1.5 billion euros ($1.8 billion...Read More

(Repeats with no changes to text.)NEW YORK, Jan 10 (Reuters) - The U.S. Treasury Department on Wednesday sold $20 billion of 10-year government notes to strong demand at a yield of 2.579 percent, which was the highest since July 2014, Treasury data showed.The ratio of bids to the amount of 10-year notes offered was 2.69, which was the strongest since June 2016. The gauge of overall auction demand...Read More

Jan 11 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,096.70 -39.10NZX 50**8,364.9-68.33DJIA25,392.716.91NIKKEI**23,788.2 -61.79Nasdaq7,145.645-17.93FTSE**7,748.51 17.49S&P 500 2,749.59 -1.70 Hang Seng** 31,073.7262.31SPI 200 Fut 6042 -4STI** 3,520.45 -4.20SSEC**3,422.14 8.24KOSPI** 2,499.75 -10.48----------------------------------------------------------------------...Read More

BUENOS AIRES, Jan 10 (Reuters) - Argentine biotechnology firm Bioceres will use the $100 million it seeks by way of an initial public offering to power its current business, pay debt and make a minor acquisition, company CEO Federico Trucco said in a telephone interview on Wednesday.Two days earlier the company applied to the U.S. Securities and Exchange Commission (SEC) to operate on Wall Street....Read More

SAO PAULO, Jan 10 (Reuters) - Brazil's central bank on Wednesday blamed a record food harvest for dragging the 2017 inflation rate below the official target range for the first time ever.In an open letter, central bank chief Ilan Goldfajn said supply shocks stemming mostly from food prices accounted for over four-fifths of the difference between the 2.95 percent inflation rate in 2017 and the 4.5...Read More

LISBON, Jan 10 (Reuters) - Portugal's recently delisted small bank Caixa Economica Montepio Geral said on Wednesday its capital ratio was higher than new regulatory requirements to be applied from July 2018.The bank, whose bad loans made it a cause for market concerns after the collapse of two bigger lenders in Portugal in 2014-15, said in a statement it had received the new requirements from the...Read More

The Democratic Republic of Congo may soon more than double the tax mining companies operating in the country pay on exports of cobalt, a key component in the lithium-ion batteries that power electric cars and mobile phones.The African nation, responsible for about two thirds of global cobalt output, has been evaluating the measure since last month, when a major revision to the 2002 Mining Code was...Read More

The Democratic Republic of Congo may soon more than double the tax mining companies operating in the country pay on exports of cobalt, a key component in the lithium-ion batteries that power electric cars and mobile phones.The African nation, responsible for about two thirds of global cobalt output, has been evaluating the measure since last month, when a major revision to the 2002 Mining Code was...Read More

The Democratic Republic of Congo may soon more than double the tax mining companies operating in the country pay on exports of cobalt, a key component in the lithium-ion batteries that power electric cars and mobile phones.The African nation, responsible for about two thirds of global cobalt output, has been evaluating the measure since last month, when a major revision to the 2002 Mining Code was...Read More

NEW YORK, Jan 10 (Reuters) - The U.S. Treasury Department on Wednesday sold $20 billion of 10-year government notes to strong demand at a yield of 2.579 percent, which was the highest since July 2014, Treasury data showed.The ratio of bids to the amount of 10-year notes offered was 2.69, which was the strongest since June 2016. The gauge of overall auction demand was 2.37 at the previous 10-year n...Read More

(Adds Q4 GDP estimate, analyst comments, updates markets)* Import prices increase 0.1 percent in December* Import prices rise 3.0 percent year-on-year* Import prices excluding petroleum fall 0.2 percent* Wholesale inventories rebound 0.8 percent in November By Lucia MutikaniWASHINGTON, Jan 10 (Reuters) - U.S. import prices recorded their smallest increase in five months in December and underlyin...Read More

(Adds Jeffrey Gundlach investment call, Bill Gross' main fund taking short bet against U.S. Treasuries)By Jennifer Ablan and Richard LeongNEW YORK, Jan 10 (Reuters) - Pimco, one of the world's biggest money managers, sees this week's U.S. bond market selloff as a buying opportunity and is not ready to call the spike in 10-year Treasury yield to a nine-month high a bear market precursor.Dan Ivascy...Read More

It was a relatively quiet session until a little after 5am ET when all early-morning market moves were superseded by aggressive cross-asset reaction - mostly in the form of selling of anything US-linked - to a Bloomberg report that China is reconsidering its UST holdings.Read full newsRead More

* Retailers look to bypass cards for online purchases* Tougher competition could reshape Europe's retail banking* Establishing consumer trust in data protection a hurdle By Huw JonesLONDON, Jan 10 (Reuters) - New European rules on online payments and banking due to go into effect on Saturday mark the start of a "slow burn" revolution that will prise open traditional retail banking and m...Read More