LONDON, Sept 27 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/IF NOT 4Q The fourth quarter gets underway on Monday, the time of year when investors hope things quieten down and allow them to lock in the profits they've accrued throughout the year. That's the theory, but in actual fact they...Read More
(Bloomberg) -- Swiss asset manager and commodities trader Tiberius Group AG is stepping into the $215 billion digital coin market by offering a new token backed by seven metals in a sale set for Oct. 1.Aiming to distinguish its Tiberius Coin from the thousands that have no reference value, the company plans to make a market in the asset so that its value holds close to that of a price of a basket...Read More
Shares in Ecuador-focused explorer SolGold (LON, TSX:SOLG) dropped Friday in Toronto after the company reported an annual loss that almost doubled the one registered in 2017.For the 12 months to June, SolGold's pre-tax loss was A$15.3 million, compared to $8.3 million it recorded a year before.The stock fell 3.2% in Toronto to 60 Canadian cents by 10:05 local time, despite the company also saying...Read More
Swiss asset manager and commodities trader Tiberius Group AG is stepping into the $215 billion digital coin market by offering a new token backed by seven metals in a sale set for Oct. 1.Aiming to distinguish its Tiberius Coin from the thousands that have no reference value, the company plans to make a market in the asset so that its value holds close to that of a price of a basket of copper, alum...Read More
NEW DELHI, Sept 27 (Reuters) - The Indian finance ministry expects robust economic growth despite the fall in the rupee INR= and rising crude oil prices, a government source said on Thursday.The source said the ministry would soon announce steps to boost exports, while not ruling out more import curbs.The finance ministry saw no impact on Indian airlines from its decision to impose a 5 percent dut...Read More
* U.S. sanctions against Iran to start Nov. 4* Analysts say $100 oil is possible as markets tighten* Oman crude futures spike: https://tmsnrt.rs/2zxsGtm* U.S. crude output hits record: https://tmsnrt.rs/2N2OAYQ (New throughout, updates prices, market activity and comments to settlement)By Jessica Resnick-AultNEW YORK, Sept 27 (Reuters) - Oil edged higher on Thursday, driven by the prospect of a sh...Read More
Investing.com - Oil prices were hovering near the $82 a barrel level on Thursday, close to the four year highs reached earlier in the week amid fears of a supply shortage as the U.S. prepares to re-impose sanctions on Iran from Nov. 4.London traded Brent crude futures were up 0.71% to $81.36 a barrel from their last close by 07:51 AM ET (11:51 AM GMT), holding below the high of $82.55 reached Tues...Read More
* FTSE 100 up 0.5 pct* Higher crude lifts oil stocks, hits airlines* TUI sticks to forecasts, shares gain (Adds details, closing prices)By Danilo MasoniMILAN, Sept 27 (Reuters) - Britain's top share index rose on Thursday to a four-week high, helped by a drop in sterling, while continued weakness in basic materials stocks weighed.The FTSE 100 .FTSE gained 0.5 percent as the pound was held back by...Read More
(Repeats to add additional credit; no changes to text)By Sudarshan Varadhan and Aditi ShahNEW DELHI, Sept 27 (Reuters) - Hundreds of workers at motorbike companies including Yamaha Corp 7951.T and Eicher Motors EICH.NS are on strike in the southern Indian city of Chennai, demanding better wages and a right to form unions to defend their interests.Employees said the companies had employed a large...Read More
By Sudarshan Varadhan and Aditi ShahNEW DELHI, Sept 27 (Reuters) - Hundreds of workers at motorbike companies including Yamaha Corp 7951.T and Eicher Motors EICH.NS are on strike in the southern Indian city of Chennai, demanding better wages and a right to form unions to defend their interests.Employees said the companies had employed a large number of contract workers to get around rigid Indian...Read More
Investing.com - Gold prices dipped below the psychologically important $1,200 level on Thursday, finding little support after the Federal Reserve raised interest rates and indicated that it remains on track to continue monetary tightening into next year.The Fed raised interest rates by a quarter point to 2.25% on Wednesday, its third rate hike this year and its eighth since 2015.In its statement,...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 little changed* Higher crude lifts oil stocks, hits airlines* TUI sticks to forecasts, shares gainBy Danilo MasoniMILAN, Sept 27 (Reuters) - The UK's top share index eased on Thursday, weighed down by weaker financials and materials stocks, but strength in oil majors helped contain the losses.The FTSE 100 .FTSE was...Read More
CALGARY, Alberta, Sept.28, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) is pleased to announce that its unaudited interim consolidated July 31, 2018 financial statements have been filed on SEDAR. All of the Company's material subsidiaries are wholly owned, except for District Copper Corp. (formerly named Carmax Mining Corp.) ("Dist...Read More
After more than a year of evaluation, Chile's environmental authority has approved the development of what it would be Latin America's largest desalination plant, to be built in the country's dry Atacama region.The Energy and Waters of the Pacific (ENAPAC ) project, developed by Trends Industrial, was mainly designed to supply water for industrial use, particularly in the mining sector, and carrie...Read More
Freeport McMoRan (NYSE:FCX) and Rio Tinto (LON:RIO) signed Thursday final agreements that give Indonesia a majority stake in their Grasberg copper mine, the world's second-largest, and which would be transferred to the state-owned mining company PT Indonesia Asahan Aluminium (Inalum).The "definitive" and "binding" agreements end a long-drawn-out, three-way dispute over the mine, centred on bring...Read More
MUMBAI, Sept 26 (Reuters) - The Indian government and regulators would make every effort to prevent the risk of "contagion" in credit markets resulting from a scare caused by two non-banking financial companies (NBFC), a senior government advisor said on Wednesday.The market regulator, the central bank and the finance ministry are "closely following" the credit markets and will take "appropriate a...Read More
NEW DELHI, Sept 26 (Reuters) - India's top court on Wednesday upheld the constitutional validity of the country's ambitious biometric identity project 'Aadhaar', saying it benefits the marginalized and poor, but raised multiple concerns around the law that governs it, calling for changes.A five-judge bench of the Supreme Court of India said benefits under the Aadhaar project should be in the natur...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window)* Facebook boosts communication services sector* Financials lower after U.S. interest rate hike* Indexes: Dow Jones -0.40 pct, S&P 500 -0.33 pct, Nasdaq -0.21 pct (Adds investor comment, details on stock moves)By Noel RandewichSept 26 (Reuters) - A Wall Street rally collapsed and stocks turned negative...Read More
* STOXX 600 ends up 0.3 pct* Volumes low ahead of Fed decision* Indivior slumps after new guidance* M&A chatter in banking sector (For a live blog on European stocks, type LIVE/ in an Eikon news window)By Julien Ponthus and Danilo MasoniLONDON, Sept 26 (Reuters) - European shares held their ground near 4-week highs on Wednesday before a widely expected rate hike by the U.S. Federal Reserve.The...Read More
* Shanghai shares hit 8-week high, helped by MSCI news* Fed rate hike expected, another seen likely in December* Brent crude prices ease off 4-year high but still above $80* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh(Changes byline, dateline to NEW YORK; adds Wall Street open; updates throughout)By Hilary RussNEW YORK, Sept 26 (Reuters) - An advance in Chinese equity markets set a mo...Read More