(Adds U.S. market open, byline, dateline; previous LONDON)* Fresh round of U.S.-China trade tariffs take effect* Dollar snaps losing streak after Fed signals Sept rate hikeBy Herbert LashNEW YORK, Aug 23 (Reuters) - Oil and copper prices slipped on Thursday as the U.S.-China trade dispute escalated while global equity markets traded slightly lower as gains in U.S. technology shares offset declines...Read More
(Adds close of U.S. markets)* More U.S.-China trade tariffs take effect* Oil prices stabilize, weighed down by trade war* Dollar snaps losing streak after Fed signals Sept rate hikeBy Herbert LashNEW YORK, Aug 23 (Reuters) - Oil and copper prices edged lower on Thursday as the U.S.-China trade dispute escalated while global equity markets fell as gains in U.S. technology shares failed to offset de...Read More
* FTSE 100 down 0.15 pct* A number of shares trading ex-dividend* CRH rises after H1 report (Adds closing prices)By Julien PonthusLONDON, Aug 23 (Reuters) - UK shares gradually slid into negative territory on Thursday as trade tensions between China and the United States kept investors on their toes and a change of sentiment after the open on Wall Street weighed on shares.The blue-chip FTSE 100...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.2 pct* A number of shares trading ex-dividend* CRH rises after H1 reportBy Julien PonthusLONDON, Aug 23 (Reuters) - UK shares were slightly up on Thursday with energy stocks lifting the blue-chip FTSE 100 .FTSE following a rally in crude oil, while ongoing trade war tensions between China and the United State...Read More
* World stocks edge lower, European shares edge up* Fresh round of U.S.-China trade tariffs take effect* Trump threatened by legal woes of two former advisers* Dollar snaps losing streak after Fed signal Sept rate hikeBy Kit ReesLONDON, Aug 23 (Reuters) - World stocks came under pressure on Thursday as new tariffs took effect in the U.S./China trade war and markets speculated about U.S. President...Read More
The junior gold miners' stocks have been thrashed in August, plummeting to brutal multi-year lows. Such carnage naturally left sentiment far more bearish than usual in this forsaken contrarian sector. But these extremely-battered gold-stock prices certainly aren't justified fundamentally. Junior gold miners' collective results from their just-completed Q2'18 earnings season prove their stock price...Read More
MELBOURNE, Aug 24 (Reuters) - The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable, the nation's energy market operator said on Friday, calling for more power investment in the next few years.The Australian Energy Market Operator's (AEMO) latest outlook underscores worries about the country's grid just days after...Read More
Miners operating in the Democratic Republic of Congo have formed a new body, the Mining Promotion Initiative (MPI), to engage with the government on their concerns about the country's new code and other issues affecting the local industry.The organization represents mining companies accounting for 80% of the DRC's copper and cobalt production and 90% of gold output, including Randgold Resources,...Read More
* Posts qtrly revenue of 45.24 bln yuan vs 26.88 bln in Q2 2017* Qtrly overseas sales more than double from a year earlier* Q2 net profit 14.63 bln yuan vs 11.97 bln net loss in Q2 2017 (Adds details of results, background)By Cate CadellAug 22 (Reuters) - Chinese smartphone maker Xiaomi Inc 1810.HK reported its second-quarter revenue surged 68.3 percent, as strong smartphone sales complemented a...Read More
* Brent hits $75.00/bbl, highest since July 31* U.S. crude stocks fall as refining holds near record high -EIA* Prices supported by oil supply cut due to Iran sanctions* Iran threatens to hit United States, Israel(Updates with market settle, adds commentary)By Stephanie KellyNEW YORK, Aug 22 (Reuters) - Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, aft...Read More
* Fed meeting minutes echo rate hike expected soon* Markets eye trade talks and Jackson Hole this week* GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Updates prices, headline; adds comment after Fed meeting minutes)By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, Aug 22 (Reuters) - Gold prices steadied on Wednesday, as the dollar eased after minutes from the Federal Reserve's August...Read More
Investing.com - Gold prices were higher on Wednesday, as political uncertainty weighed on the U.S. dollar and investors looked ahead to meeting minutes from the Federal Reserve.Comex gold futures for December delivery rose 0.20% to a one-week high of $1,202.40 a troy ounce as of 10:25 AM ET (14:25 GMT).The minutes from the Fed’s latest policy meeting come out at 2:00 PM ET (18:00 GMT), which...Read More
(Bloomberg) -- Making America great again isn’t proving so great for other parts of the world.With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump’s trade war threatens China, the U.S. is set to be the only Group of Seven nation to see economic growth accelerate this year as Trump’s tax cuts kick in.The end of the shor...Read More
* Record high for S&P 500 fails to inspire markets* Manafort conviction and Cohen guilty plea add uncertainty* Dollar enters sixth session of selling* EM stocks extend gains on dollar fall* Graphic: Earnings growth in U.S. and Europe: https://reut.rs/2LkECRE* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, Aug 22 (Reuters) - Stocks faltered and bonds rose on Wednes...Read More
* Record high for S&P 500 fails to inspire markets* Manafort conviction and Cohen guilty plea add uncertainty* Dollar steadies after five sessions of heavy selling* EM stocks extend gains on dollar fall* Graphic: Earnings growth in U.S. and Europe: https://reut.rs/2LkECRE* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, Aug 22 (Reuters) - Stocks faltered and bonds...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliSeveral years ago, a senior executive of an international resources company was being quizzed by a group of investors about how...Read More
Arizona deal a sign of relaxed capital discipline?M&ASolGold set to shineSPONSOREDsolgoldHe highlighted at this week's annual profit briefing that the mine was now the "only part of our business which is not delivering an acceptable return on capital".It means the stage is ...Read More
LUSAKA, Aug 22 (Reuters) - NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), on Wednesday launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years.Zambia, Africa's second-largest producer of the metal, saw output rise 10.6 percent in the first half of the year on the back of stable power supply and relatively higher meta...Read More
(Bloomberg) - Companies that make and move things are now a bigger part of Canada's stock market than those that dig them up.Industrial stocks such as Canadian National Railway Co., ATS Automation Tooling Systems Inc. and plane maker Bombardier Inc. have surpassed materials as the third-largest sector on the S&P/TSX Composite Index for the first time in at least 17 years.The move comes as industri...Read More
BELGRADE, Aug 22 (Reuters) - China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Belgrade-based Vecernje Novosti daily reported on Wednesday.A day earlier, Serbia's Economy Ministry announced only that companies from Canada, China and Russia had bid.The newspaper, without citing sou...Read More