* OPEC, non-OPEC ministers to meet in Algeria on Sunday* Geopolitical risk supports prices after Russian plane downed* Market watching U.S.-China trade war impact on oil demand* U.S. crude oil stocks rise 1.2 mln bbls last week -API (Adds API data on U.S. crude stockpiles in paragraphs 4, 5)By Stephanie KellyNEW YORK, Sept 18 (Reuters) - Oil futures rose more than 1 percent on Tuesday on signs tha...Read More
(Adds background)Sept 18 (Reuters) - India has delayed the implementation of higher tariffs on some goods imported from the United States to Nov. 2, according to a government order that put off for a second time retaliatory action against U.S. import tariffs on steel and aluminium.Trade differences between India and the United States have risen since President Donald Trump took office, but India's...Read More
Investing.com - Gold prices headed lower on Tuesday as the dollar held its ground after the U.S. and China announced their latest round of measures in the escalating trade conflict.At 11:14 AM ET (15:54 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $2.00 or 0.17%, to $1,203.80 a troy ounce.U.S. President Donald Trump said in a statement...Read More
* Trump imposes 10 pct tariffs on $200 bln goods from China* China says will retaliate, but markets shrug* China bluechip shares up 2 percent as Asia rallies* European stocks, U.S. futures nudge higher* Dollar flat in FX markets, government bonds make ground* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhLONDON, Sept 18 (Reuters) - Who's afraid of the big bad trade war? Not world stock m...Read More
* Trump imposes 10 pct tariffs on $200 bln goods from China* China says will retaliate, but markets shrug* China bluechip shares up 2 percent as Asia rallies* European stocks, U.S. futures go higher* Dollar flat in FX markets, government bonds make ground* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhLONDON, Sept 18 (Reuters) - Who's afraid of the big bad trade war? Not world stock mark...Read More
* NSE index down 0.26 pct, BSE index 0.2 pct lower* Financial stocks drag* Bank of Baroda falls on merger newsBy Tanvi MehtaSept 18 (Reuters) - Indian shares were lower on Tuesday dragged by financial stocks, as sentiment across the globe turned sour amid worsened trade tensions between the U.S. and China.Asian shares fell, and copper prices eased after Washington announced new tariffs on Chines...Read More
(Adds newspaper report on Chinese trade delegation in para 11, updates prices throughout)* S&P500 E-mini futures down 0.2 pct* MSCI ex-Japan Asia-Pacific down 0.3 pct, but Nikkei up sharply* Trump imposes 10 pct tariffs on $200 bln goods from China* U.S. 10-year bond yields retreat from 4-month highsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, Sept 18 (Reuters) - Asian shares fell and copper...Read More
* S&P500 E-mini futures down 0.2 pct* MSCI ex-Japan Asia-Pacific down 0.3 pct, but Nikkei up sharply* Trump imposes 10 pct tariffs on $200 bln goods from China* U.S. 10-year bond yields retreat from 4-month highsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, Sept 18 (Reuters) - Asian shares fell and copper prices eased on Tuesday after Washington announced new tariffs on Chinese imports, infla...Read More
Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftElementos builds diversified tin growth platformSPONSOREDelementosAs I ranted the other day, we are constantly bombarded from all sides by the notion that bigger i...Read More
Fatality at Serabi mine: NMBCapital marketsPartnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesThe country's mining history dates all the way back to 3,000BC when a number of different historical groups including the Romans, Phoenicians, Iberians, Tartessians and Greeks sta...Read More
LONDON, Sept 18 (Reuters) - Nickel has finally succumbed to the base metals price rout.It is still the best year-to-date performer among the core six metals traded on the London Metal Exchange (LME).But at a current $12,400 per tonne, LME three-month metal is, like the rest of the pack, now trading below year-start levels.The excitement around the potential boost to nickel demand from its use in...Read More
(Bloomberg) - Rising U.S.- China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world's biggest mining company.The confrontation between the world's top two economies, "along with an increasingly unpredictable policy formation process" in some nations, serves to reduce consumer confidence and business certa...Read More
The Democratic Republic of Congo expects to issue a decree identifying strategic metals by the end of October, a government official said.Congo's government has said it's preparing to categorize cobalt and other metals as strategic, imposing a 10 percent royalty tax on producers including Glencore Plc and China Molybdenum Co. The measure, introduced as part of this year's overhaul of mining laws,...Read More
A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit, its chairman said.Large greenfield projects in Russia's energy and mining sector slowed after Russia was hit by Western sanctions four years ago, limiting the economy's access...Read More
* NSE index down 1.2 pct, BSE index 1.3 pct lower* Financials top drag, Reliance Ind falls 2.2 pctSept 17 (Reuters) - Indian shares fell over 1 percent on Monday after two straight sessions of gains, as measures outlined by the government on Friday to stem the rupee's steep decline failed to boost investor sentiment, while weak Asian shares also weighed on the market.The rupee INR=D2 fell more tha...Read More
(Adds Hotstar's response)Sept 17 (Reuters) - Walmart (NYSE:WMT) Inc's WMT.N Flipkart unit is in talks to buy a stake in Star India's video streaming service Hotstar, the Mint daily reported on Monday, stepping up the e-commerce firm's battle with Amazon.com Inc AMZN.O by expanding into video content.Flipkart's reported https://www.livemint.com/Companies/aahtibpsOIu6Bp3HH6oCxL/Flipkart-Hotstar-stak...Read More
* Trump 'likely' to announce new China tariffs as early as Monday* Sino-U.S. trade war raises concerns over world oil demand* Losses limited by concern over U.S. sanctions on Iran* Iranian crude oil exports down 580,000 bpd in 3 months - BofAML (Updates with settlement prices, adds market activity, commentary)By Stephanie KellyNEW YORK, Sept 17 (Reuters) - Oil prices were little changed on Monday...Read More
(Bloomberg) -- Industrial metals including copper opened the week with steep losses on concern the U.S.-China trade war is set to get much worse, with President Donald Trump prepared to hit the mainland with another round of levies, damping prospects for demand in the world's largest consumer.Nickel lead the retreat, tumbling as much as 3.2 percent to $12,250 a metric ton on London Metal Exchange...Read More
(Bloomberg) -- Nothing sells like economic nationalism in Indonesia’s election season.Facing a challenge from a self-proclaimed nationalist, President Joko Widodo has used speeches after his nomination for April’s vote to tout his success in wresting control of the nation’s prized natural resources from foreign companies.Now the campaign in the lead up to the April 2019 poll is e...Read More
Gold, base metals downCapital marketsThe deals, which test a widespread view in the mining industry that growth by acquisition is off the agenda are the US$260 million purchase by Australia's Northern Star Resources of Sumitomo's...Read More