(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
Dafydd Davies has joined TradeCloud as marketing executive to expand its presence in Europe and the Americas, the company said on Wednesday May 29.Launched in October 2017, TradeCloud is a digital metals trading platform where producers, consumers and traders can meet to exchange information, negotiate contracts and...Read More
Workers belonging to three trade unions at Codelco's Chuquicamata division voted to go on strike when they rejected the latest contract proposal from the Chilean state-owned copper miner, the unions said on Wednesday May 29.The company and the unions both have the option, within four days, to ask authorities to mediate negotiation on a new contract of employment for workers at the mine. Once media...Read More
Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More
Antimony prices in both Chinese and European markets have dropped significantly so far this year due to weak demand and bearish sentiment caused by factors led by rising trade tension between China and the United States, the world's two largest economies. Fastmarkets' European and Chinese antimony prices have fallen by more than 15% and 21% respectively in the year to date. Fastmarkets presents th...Read More
Cobalt prices fell in the first half of the week after slow consumer demand and strong discounts on long-term contracts incited aggressive offers from sellers. Fastmarkets price assessment for standard-grade cobalt in-warehouse Rotterdam was $15.35-16.10 per lb on Wednesday May 29, down from $16-16.55 per lb at the end of last week. Alloy-grade prices settle...Read More
The Turkish deep-sea scrap market has fallen quiet again after mills failed to sell finished long steel products to the United States even though that country has now removed its extra tariff on Turkish steel, sources said on Thursday May 30.The mills did return to the market for a short buying spree late last week, after the US reduced its import duty on Turkey-origin products to the pre-existing...Read More
Market focus is on escalating trade tensions this morning, Thursday May 30, with participants concerned about what the United States might do if China cuts exports of rare earth minerals to the former.This has led to further risk-off which is hitting Asian equities this morning, although base metals are, for now, in positive territory while they consolidate the previous day's losses.Market partici...Read More
Cobalt prices fell in the first half of the week after slow consumer demand and strong discounts on long-term contracts incited aggressive offers from sellers. Fastmarkets price assessment for standard-grade cobalt in-warehouse Rotterdam was $15.35-16.10 per lb on Wednesday May 29, down from $16-16.55 per lb at the end of last week. Alloy-grade prices settle...Read More
Key data from the Wednesday May 29 pricing session in Shanghai. Key drivers The Chinese cobalt salts market, which includes cobalt sulfate and tetroxide, continued to soften on sluggish demand, which is partially due to the fact that battery cathode materials manufacturers have broadly fed on tolled products. Meanwhile, excessive stocks consumers had built up in early April when the co...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
China's domestic prices for hot-rolled coil softened further on Thursday May 30 amid limited trading activity, with high inventory levels leaving market sources expecting further drops.DomesticEastern China (Shanghai): 3,960-3,970 yuan ($573-574) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,870-3,890 yuan per tonne, down 10 yuan per tonneLosses in the futures market put pressure on...Read More