Dimon said yesterday he could beat Trump in an electionJPMorgan Chase & Co. (NYSE:JPM) said it is offering a 60,000-point bonus to credit card customers who open a new Sapphire account that could be worth up to $900 if used for travel. However, the offer appears to be an appeal to wealthier millennials -- who make up more than half of Sapphire account holders -- considering it will be awarded to t...Read More
(Kitco News)- Gold prices are trading near atwo-week high as renewed strength in the euro weighs on the U.S. dollarfollowing mixed messages from the European Central Bank.ECB President Mario Draghi reiteratedthe central bank’s commitment to end its monthly bond-purchase program and wasfairly optimistic on inflation expectations as he noted lower growth forecastsfor this year and the next.In...Read More
Japanese trading Mitsubishi and Sumitomo are said to be interested in becoming a partner of Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) at Canada's largest diversified miner's Quebrada Blanca copper mine in northern Chile.Teck, which last month received regulatory approval for a $4.8-billion extension of the mine, has been looking for a development partner that could invest $2billion for up...Read More
Japanese trading Mitsubishi and Sumitomo are said to be interested in becoming a partner of Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) at Canada's largest diversified miner's Quebrada Blanca copper mine in northern Chile.Teck, which last month received regulatory approval for a $4.8-billion extension of the mine, has been looking for a development partner that could invest $2billion for up...Read More
The casino stock has had a rough year on the chartsThe Coca-Cola CoThe Coca-Cola CoThe Coca-Cola CoThe Coca-Cola CoThe Coca-Cola CoShares of casino stock Caesars Entertainment Corporation (NASDAQ:CZR) were volatile in pre-market action, and are higher in early trading, amid reports that an activist hedge fund could be pushing for a sale. Specifically, the New York Post saidHG Vora Capital has bee...Read More
SEOUL/TOKYO (Reuters) - As much as half of output capacity at some specialty South Korean steelmakers has ground to a standstill as an exemption to U.S. import tariffs they first hailed as a Seoul diplomatic coup turns out to be an quota bottleneck.Production lines are standing idle, people with knowledge of the matter say, even as data shows Japanese steel pipe makers have expanded U.S. exports d...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump had a sharp rejoinder for Jamie Dimon on Thursday, saying the JPMorgan chief executive lacked the “smarts” to be president but was otherwise wonderful.The Republican president, known for his acerbic insults on Twitter, was hitting back at Dimon for saying on Wednesday that he was smarter than Trump and could beat him in a White House r...Read More
Last week, 2.4 million pounds of uranium changed hands according to industry consultant TradeTech.At $26.70/lb, the uranium spot price reached a 2-year high and at that price, it meant roughly $64 million dollars changed hands over uranium.All of this comes after the price appeared to have bottomed out after dropping to $18.00/lb in November 2016 and having seen a steady rise since, including gain...Read More
Last week, 2.4 million pounds of uranium changed hands according to industry consultant TradeTech.At $26.70/lb, the uranium spot price reached a 2-year high and at that price, it meant roughly $64 million dollars changed hands over uranium.All of this comes after the price appeared to have bottomed out after dropping to $18.00/lb in November 2016 and having seen a steady rise since, including gain...Read More
Coeur Mining reported a positive sustaining free cash flow in H1 using $16.50 per ounce silver and $1250 per ounce gold.At the current spot prices, the free cash flow will be practically zero.The Silvertip mine in British Columbia is up and running, and Coeur is pursuing its next acquisition to add to its Nevada production platform.Introduction Coeur Mining (CDE) used to be one of the 'go-to' name...Read More
Paris, September 13, 2018 - Total, the 4th largest international energy company has been awarded a 4-year contract with Newcrest's Lihir Gold Mine in Papua New-Guinea (PNG), following a competitive tender process that began last November.During the term of the contract, Total will be supplying 14 million litres of lubricants to the 6th largest gold mine in the world with a production of more than...Read More
Paris, September 13, 2018 - Total, the 4th largest international energy company has been awarded a 4-year contract with Newcrest's Lihir Gold Mine in Papua New-Guinea (PNG), following a competitive tender process that began last November.During the term of the contract, Total will be supplying 14 million litres of lubricants to the 6th largest gold mine in the world with a production of more than...Read More
The headline has been corrected to reflect the number of initial jobless claims Getty ImagesJob openings in the U.S. are at a record and layoffs are near a 50-year low. The numbers: The rate of layoffs in the U.S. fell slightly in early September and clung to a 49-year low, underscoring the strength of a ebullient economy and the best labor market at least since the turn of the century. Initial...Read More
Oil prices are paring recent gains as Florence nears landfallFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value, as Wall Street digests the Labor Department's report that consumer prices rose by a slimmer-than-expected 0.2% last month -- echoing Wednesday's tame inflation data. Elsewhere on the economic front, weekly jobless claims fell to a lower-than-forecast 204...Read More
LONDON (Reuters) - Britain published new advice to businesses and the public on Thursday about how to cope with the disruption that leaving the European Union without a divorce deal would cause to everything from data protection to driving licences.Recent signals from Brussels have buoyed hopes that the United Kingdom and the EU can agree and approve a proper divorce agreement before the UK leaves...Read More
WASHINGTON/BEIJING (Reuters) - China said on Thursday that it welcomed an invitation by the United States to hold a new round of trade talks, as Washington prepares to further escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods.The Trump administration had invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednes...Read More
(Reuters) - U.S. chipmaker Qualcomm Inc said on Thursday it would buy back about $16 billion of its common stock as part of the previously announced $30 billion stock repurchase plan.Qualcomm is seeking to compensate investors for the collapse of its $44 billon acquisition of NXP Semiconductors in July due to Chinese opposition.(This version of the story corrects headline to remove reference to &l...Read More
SARAJEVO, Sept 13 (Reuters) - Aluminij Mostar, Bosnia's sole aluminium smelter, is at risk from high alumina and electricity prices and only urgent government intervention can help it stay on line, its general manager said on Thursday.Heavily-indebted and loss-making Aluminij, which is among Bosnia's top exporters, has narrowly avoided closure several times. In June, its debt stood at 343 million...Read More
Sept 13 (Reuters) - Belgium's Umicore will invest over 1.38 billion zlotys ($372 million) in its new plant in Poland manufacturing cathode materials used in electric vehicles (EVs), Poland's Ministry of Entrepreneurship and Technology said on Thursday.The plant, located in Nysa in southern Poland, is the first of its kind built by Umicore in Europe and comes as the European Union is trying to deve...Read More
LONDON (Reuters) - Oil prices fell on Thursday, slipping back from four-month highs as investors focussed on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.Benchmark Brent crude oil was down 65 cents a barrel at $79.09 by 1200 GMT. U.S. light crude fell $1.15 to a low of $69.22 a barrel and was last at $69.50, down 87 cents.“A bout of profit...Read More