GM is the largest automaker in MexicoThe auto sector took a hit this morning thanks to President Donald Trump's threats to impose up to 25% tariffs on all imports from Mexico in the coming months. As the largest automaker in Mexico, General Motors Company (NYSE:GM) has been hit hardest thus far, down 4.2% to trade at $33.85. General Motors stock has now breached its year-to-date breakeven point...Read More
Zimbabwe mining companies can pay for electricity in foreign currency to guarantee supplies, the energy minister said on Friday, a day after he indicated there could be deeper power cuts in the country due to low dam water levels.Fortune Chasi said on Thursday the country's largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate...Read More
Put traders have been buying options on EWW in recent weeksMarkets are reeling this morning after President Donald Trump said he will impose tariffs on imports from Mexico, and that's obviously bad news for the iShares MSCI Mexico ETF (EWW). The Mexican exchange-traded fund (ETF) is set to open down 5% at $42.30, which would be its worst day of 2019. However, not everyone may be a loser during th...Read More
Trump will impose tariffs on Mexico until it stops the flow of illegal migrantsFutures on the Dow Jones Industrial Average (DJI) are signaling a negative open, down more than 200 points, after President Donald Trump tweeted he will impose a 5% tariff on Mexican imports beginning June 10. "The Tariff will gradually increase until the Illegal Immigration problem is remedied," he wrote. Auto stocks a...Read More
Zambia's Konkola Copper Mines (KCM) is not producing copper, the chief executive of the mining firm's owner Vedanta Resources said on Friday.Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes KCM business and said in a statement that it was seeking international arbitration.Legal proceedings in Zambia have been adjourned to Jun...Read More
Zambia's Konkola Copper Mines (KCM) is not producing copper, the chief executive of the mining firm's owner Vedanta Resources said on Friday.Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes KCM business and said in a statement that it was seeking international arbitration.Legal proceedings in Zambia have been adjourned to Jun...Read More
(Updates with closing prices)By Peter HobsonLONDON, May 31 (Reuters) - Copper was set for its biggestmonthly fall since November 2015 as weak Chinese factory dataand a U.S. threat to impose tariffs on Mexican goods fannedfears that trade disputes will damage the global economy anddemand for metals.Benchmark copper on the London Metal Exchange(LME)ended down 0.4% at $5,830 a tonne.The metal used in...Read More
". @IvanhoeMines_ is advancing its three principal projects in Southern Africa: 1) Platreef Project; 2) Kamoa-Kakula copper discovery and 3) Kipushi Project. Ivanhoe Mines will be presenting in June at the Mining Journal Select conference. https://t.co/qhqmCphM6E"Read full newsRead More
Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More
Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More
Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More
(Adds details, quotes, background)By Stefano Bernabei and Giuseppe FonteROME, May 31 (Reuters) - The Bank of Italy warned on Fridaythat the country's $2.6 trillion of debt may swell this year bymore than the government forecasts and called for "credible"measures to curb it.Concerns over Italy's public finances have driven up Rome'sdebt costs since a populist government took power a year...Read More
* Negative-yielding euro zone govt bond pool at 48% in May * Highest share since Sept 2016 - Tradeweb data * Global pool of negative-yielding bonds over $10.5 trillion * Dutch 10-year bond yield negative for 1st time since 2016 (Updates first paragraph, adds par on Japan)By Dhara RanasingheLONDON, May 31 (Reuters) - The Netherlands on Friday becamethe latest euro zone state to see its 10-year yiel...Read More
ZEN Graphene Solutions (TSXV: ZEN) announced that it has signed an initial agreement to in-license certain intellectual properties from a Canadian university that, when combined with ZEN's graphite from the Albany mine, produces low-cost, environmentally-friendly graphene.The company said that the production process rapidly exfoliates Albany graphite into few-layer graphene, or FLG, with a convers...Read More
We have been bogged down a bit this week at INK with administration combined with staff holidays. As a result, we have not been posting as much as we would like. But, I want to keep the ball rolling. Below is an excerpt from our US market insider sentiment commentary we provided to INK subscribers Wednesday. It is turning out to be timely. Last week our US sentiment indicator was trying to estab...Read More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TSX-V: TRAD) ("Voleo", the "Company"), is pleased to announce that its common shares will begin trading on the TSX Venture Exchange (the "Exchange") under the symbol "TRAD" at market open, today, May 31, 2019.Voleo is a mobile fintech company focused on transforming the retail investing space through its powerful, collaborative investing platform. Vol...Read More
"$WMB - The Williams Companies, Inc (WMB) CEO Alan Armstrong Presents at Bernstein 35th Annual Strategic Decisions Conference (Transcript) https://t.co/Iy7ADJg9DP"Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended in positive territory Thursday as investors moved to discount increased trade-war saber-rattling from China. Shares of Palo Alto Networks (PANW - Get Report) tumbled after the cyber security company issued weaker-than-expected guidance. PVH (PVH - Get Report) shares fell after the Tommy Hilfig...Read More
Copper's three-month price on the London Metal Exchange remained low at the close of trading on Thursday May 30, with its price action capped by a sizable inflow into LME-registered warehouses, while US dollar strength and trade tensions continue to hang over commodity investment. The red metal's three-month price closed the day's trading session at $5,852 per tonne on Thursday May 30. Just u...Read More
Chinese stainless-steel producer Tsingshan Holding Group plans to set-up a cold-rolling mill with an annual capacity of 600,000 tonnes per year in Busan, South Korea, and has submitted letters of intent to the city government and potential business partners, Chinese market sources told Fastmarkets.Domestic suppliers may raise concerns about Tsingshan's plans because South Korea currently consumes...Read More