(Updates with U.S. markets, changes dateline from previous LONDON)* Worries over cyber attack relegated to background* Commodity-linked currencies rise* S&P 500 hits record highBy Rodrigo CamposNEW YORK, May 15 (Reuters) - Commodity-linked stocks and world currencies got a lift on Monday from a surge in crude oil prices after major producers Saudi Arabia and Russia said they would extend oil suppl...Read More
* Oil jumps on Saudi-Russia comment on output* Aussie, Canadian dollars hit two-week highs* Worries over cyber attack relegated to background* European stock markets mixed after strong start, Wall St to gain* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Patrick GrahamLONDON, May 15 (Reuters) - Oil's strongest run of gains since December cushioned the hit to stock markets on Monday fr...Read More
May 15 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of May 12, 2017. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- Fritzmeier Motherson CabinST, FB LimitsICRA A2+20upgraded Engineering Ltdfrom ICRA A3 Fritzmeier Motherson Cabi...Read More
* Oil jumps on Saudi-Russia comment on output* Aussie, Canadian dollars hit two-week highs* Worries over cyber attack relegated to background* Gains for European stock markets limited* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Patrick GrahamLONDON, May 15 (Reuters) - A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from...Read More
Investing.com - Gold prices inched higher in European trade on Monday, kicking the week off with gains as another missile test by North Korea underpinned demand for safe-haven assets.Comex gold futures rose around $4.00, or about 0.3%, to $1,231.80 a troy ounce by 2:55AM ET (06:55GMT). Meanwhile, spot gold was at $1,232.00.The yellow metal notched a third-straight winning session on Friday, a feat...Read More
Investing.com - Gold prices were higher on Friday to end the week little changed as the weaker dollar boosted demand for the precious metal.Gold for June delivery settled up 0.37% at $1,228.7 on the Comex division of the New York Mercantile Exchange.The dollar weakened after data on Friday showed that U.S. retail sales grew less than expected last month, and core inflation dipped, raising doubts o...Read More
* Global stock index steady, heads for weekly loss* U.S. dollar, Treasury yields dip after dismal data* China bank system worries, Trump fears constrain equities* European, emerging market stocks outperform U.S.By Dion RabouinNEW YORK, May 12 (Reuters) - World stock markets paused near record highs on Friday after underwhelming U.S. retail sales data and worries over China's banking system spurred...Read More
* Global stock index posts fourth straight weekly gain* U.S. dollar, stocks, Treasury yields slip after sales, CPI data* European, emerging market stocks outperform U.S.By Dion RabouinNEW YORK, May 12 (Reuters) - A measure of stock markets around the globe edged up on Friday led by European and emerging market equities while underwhelming U.S. retail sales data pushed U.S. Treasury yields and the...Read More
The US Environmental Protection Agency (EPA) and Canada's Northern Dynasty Minerals (TSX:NDM) put an end Friday to a long-dragged dispute over the federal agency's decision to block construction of the firm's vast copper-gold-silver project in Alaska.The settlement paves the way for an eventual federal permitting decision that could allow Northern Dynasty's subsidiary - Pebble Limited Partnership...Read More
* Global stock index steady, heads for weekly loss* U.S. dollar, Treasury yields dip after dismal data* China bank system worries, Trump fears constrain equities* European, emerging market stocks outperform U.S.By Dion RabouinNEW YORK, May 12 (Reuters) - World stock markets paused near record highs on Friday after underwhelming U.S. retail sales data and worries over China's banking system spurred...Read More
Investing.com - Gold prices moved higher on Friday, as recent political events in the U.S. continued to weigh on the greenback and boost demand for safe-haven assets, although investors were also eyeing the release of U.S. data due later in the day.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.26% at $1,227.36.The June contract ended Thursday's...Read More
* Wall Street sinks on poor earnings, Trump fears* Yen, gold, Treasuries rise as stock market dips* Emerging markets continue upward with oil, commodities rise (Updates to European market close)By Dion RabouinNEW YORK, May 11 (Reuters) - U.S. and European stocks fell on Thursday, along with the U.S. dollar, while U.S. Treasury yields reversed earlier declines, as political uncertainty in the Unite...Read More
Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market, which hit its lowest since 1996.According to the latest Silver Institute report, released Thursday, total silver supply decreased by 32.6 million ounces in 2016 in line with decreased demand for the...Read More
Polish miner KGHM (WSE:KGH), Europe's second-largest copper producer, has decided to ditch a planned second phase of expansion of its Sierra Gorda mine in Chile on the back of high production costs an falling metal prices.The state-controlled company grabbed the copper and molybdenum project in 2012, after buying Canadian rival Quadra FNX in what was the largest-ever foreign acquisition by a Poli...Read More
* Wall Street sinks on poor earnings, Trump fears* Yen, gold, Treasuries rise as stock market dips* Emerging markets continue upward with oil rise (New throughout, adds data, quote, changes dateline, previous LONDON)By Dion RabouinNEW YORK, May 11 (Reuters) - U.S. and European stocks fell on Thursday, along with the U.S. dollar, while U.S. Treasury yields reversed earlier declines, as political un...Read More
Investing.com - Gold prices inched higher in European trade on Thursday, but held near their lowest level in around eight weeks amid growing expectations for a U.S. interest rate hike next month.Comex gold futures rose around $4.00, or about 0.3%, to $1,222.70 a troy ounce by 3:05AM ET (07:05GMT). Meanwhile, spot gold was at $1,222.30.The yellow metal hit its lowest since March 15 at $1,214.30 on...Read More
(Adds company news, futures)May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points lower on Thursday, according to financial bookmakers, with futures FFIc1 up 0.05 percent ahead of the cash market open.* SUPERGROUP: SuperGroup SGP.L , the British company behind the Superdry fashion brand, forecast full-year profit in line with expectations and said trading in its latest quarte...Read More
May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points lower on Thursday, according to financial bookmakers.* BHP: Workers at BHP Billiton's BHP.AX , BLT.L Cerro Colorado copper mine in Chile will strike for 24 hours in the coming weeks to protest recent layoffs and the company's general attitude toward miners, the main union told Reuters on Wednesday. MYLAN/GLAXO: Generic dru...Read More
Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currencies, a situation at odds with similarly buoyant commodity prices. Is a reverse in the US$'s strength on the cards? What would it mean for commodity producers?Producers...Read More
Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currencies, a situation at odds with similarly buoyant commodity prices. Is a reverse in the US$'s strength on the cards? What would it mean for commodity producers?Producers...Read More