(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* S&P 500 erases most gains from week earlier* Technology, Internet shares lead declines* Dow transports post biggest weekly loss in over 7 years* Biotech Moderna falls in market debut* Indexes down: Dow 2.24 pct, S&P 500 2.33 pct, Nasdaq 3.05 pct (Updates with close of U.S. trading)By Lewis Kra...Read More
Dec 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:** Activist investor Elliott has taken a position in Germany's Bayer BAYGn.DE , the latest in a string of investments in German companies, three people familiar with the matter told Reuters. Brazilian food processor BRF SA BRFS3.SA has agreed on the sale of around 800 million reais ($206 m...Read More
* After 2 days, OPEC+ surprise with sizeable 1.2 mln bpd cut deal* Reduction to last six months, be reviewed in April* OPEC, Russia & U.S. oil production: https://tmsnrt.rs/2QczFSp* U.S. drillers cut 10 rigs to 877 total this week- Baker Hughes (Adds settlement prices)By Jessica Resnick-AultNEW YORK, Dec 7 (Reuters) - Oil prices ended more than 2 percent higher on Friday after OPEC members and...Read More
(Adds detail, updates sourcing)By Alasdair PalNEW DELHI, Dec 7 (Reuters) - India's government appointed a new chief economic adviser on Friday, naming a U.S.-trained professor who praised the country's shock decision to remove most of its banknotes from circulation.Krishnamurthy Subramanian, a professor from the Indian School of Business, will serve a three-year term in the country's finance minis...Read More
Investing.com - Crude prices were lower on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production.West Texas Crude oil futures for January slumped 0.50% to $51.23 a barrel as of 4:54 AM ET (9:54 GMT), after falling nearly 3% on Thursday. Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., di...Read More
Investing.com - Gold prices rose on Friday, on track for the highest weekly gain since August as lower-than-expected jobs data weighed on the U.S. dollar.Comex gold futures for February delivery jumped 0.62% to $1,251.35 a troy ounce as of 11:26 AM ET (16:26 GMT).Disappointing jobs data pushed the U.S. dollar lower, which helped boost demand for gold.Nonfarm payrolls rose by 155,000 in November, w...Read More
(Updates to add PIX)NEW DELHI, Dec 7 (Reuters) - India's environmental court said it will resume hearing Vedanta Ltd's VDAN.NS case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental...Read More
NEW DELHI, Dec 7 (Reuters) - India's environmental court said it will resume hearing Vedanta Ltd's VDAN.NS case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorit...Read More
By Yuka ObayashiTOKYO, Dec 7 (Reuters) - Pan Pacific Copper (PPC), Japan's top copper smelter, expects the price of the industrial metal to rise toward $7,000 a tonne in 2019, from about $6,168 now, backed by firm global demand and tighter supply, its executive said.PPC, which is also a miner controlled by JXTG Holdings 5020.T , expects global consumption and supply of refined copper to each incre...Read More
BENGALURU, Dec 7 (Reuters) - Gold prices rose slightly on Friday and were headed for their best week in 15, as the dollar weakened following a decline in U.S. Treasury yields, while investors awaited U.S. nonfarm payroll data for clues about the health of the world's top economy.* Spot gold XAU= was up 0.1 percent at $1,239.24 per ounce, as of 0125 GMT, having hit a near five-month peak at $1,244....Read More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
NEW DELHI - India's environmental court said it will resume hearing Vedanta Ltd's case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorities in Tamil Nadu state h...Read More
* OPEC ends meeting with no output cuts announced* OPEC, Russia to discuss potential supply cut on Friday* GRAPHIC-OPEC, U.S. & Russia output: https://tmsnrt.rs/2E0xgTz* U.S. turns into net exporter of oil (Updates to settlement, details on Friday meeting)By Devika Krishna KumarNEW YORK, Dec 6 (Reuters) - Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a...Read More
(Corrects first paragraph to clarify timeframe is end, not middle, of 2019)NEW DELHI, Dec 6 (Reuters) - Fitch Ratings said on Thursday it expects the Indian currency to weaken to 75 rupees against the U.S. dollar by the end of next year on a widening current account deficit and tighter global financing conditions.Despite a few recent advances, the rupee is on track for its worst yearly performance...Read More
* NSE index end down 1.7 pct, BSE index close 1.6 pct lower* Only 2 stocks on NSE index, 1 on BSE index finish in the greenDec 6 (Reuters) - Indian shares ended lower on Thursday, marking their worst closing levels in two weeks, dragged down by index heavyweights such as Reliance Industries Ltd RELI.NS and Infosys Ltd INFY.NS .The broader NSE index .NSEI closed 1.69 percent lower at 10,601.15,...Read More
* FTSE 100 ends down 3.2 percent* Huawei arrest stirs trade tension worries* Oil, mining stocks lead fallers (Adds closing prices)By Josephine Mason and Julien PonthusLONDON, Dec 6 (Reuters) - UK shares plunged on Thursday and recorded losses not seen since the aftermath of the Brexit vote as a sell-off swept global markets following the arrest of a top Huawei executive that renewed worries about...Read More
Investing.com - Gold prices were flat on Thursday after the arrest of a top executive at China-based Huawei Technologies sparked worries that it could reignite the U.S.-Sino trade dispute.Comex gold futures for February delivery inched up 0.04% to $1,243.05 a troy ounce as of 8:52 AM ET (13:52 GMT).Market sentiment was on edge after Meng Wanzhou, the chief financial officer at smartphone company H...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 1.9 pct; midcaps down 1.5 pct* Huawei arrest stirs trade tension worries* Oil, mining stocks lead fallersLONDON, Dec 6 (Reuters) - UK shares were sharply lower on Thursday, hitting their weakest levels in two years as oil and mining stocks fell and investors shunned sectors they consider risky after the arrest...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineBut the matter is being complicated by the junior having no further claim of ownership to the PSV.A subsidiary of the...Read More
Look beyond market approach to project valuations: van ZylLeadershipSustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumThe suspensions come after it could not complete a conditional US$4 million extension to its working capital facility w...Read More