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
BRUSSELS, Sept 26 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Private equity firm KKR KKR.N and French telecoms provider Altice NUMCF.PK to acquire joint control of Altice's French subsidiary SFR Filiale (approved Sept. 25)NEW LISTINGS-- UK packaging business DS Smith SMDS.L to buy Spanish corr...Read More
Orla hits 147.7m at 1.25% copperResource definitionPartnerships In Burkina FasoSPONSOREDiamgoldElementos builds diversified tin growth platformSPONSOREDelementosDe-risking progress propels Namdini SPONSOREDcardinal resourcesThe group-think surrounding mining industry investment presentations undermines the effectiveness of industry communications, hindering access to capital. ...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but expontential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In 20...Read More
(Bloomberg) - Ford Motor Co. Chief Executive Officer Jim Hackett encouraged President Donald Trump's administration to resolve trade disputes quickly or it could do "more damage" to his company, which is already suffering losses from tariffs imposed by the White House."The metals tariffs took about $1 billion in profit from us - and the irony is we source most of that in the U.S. today anyways," H...Read More
(Bloomberg) - Democratic Republic of Congo President Joseph Kabila vowed delayed elections to select his successor will take place as planned this year.Presidential and parliamentary votes have been delayed since 2016, after the electoral commission failed to organize them on time. The central African nation, which is the world's largest cobalt producer, hasn't had a peaceful transition of power s...Read More
SAO PAULO, Sept 26 (Reuters) - Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares, according to securities filings by Bradespar SA and Litel Participa???ues SA.The payment by Brazilian holding companies Bradespar, one of the largest shareholders in Vale,...Read More
Canadian miner First Quantum Minerals (TSE:FM) is facing legal uncertainty around its massive $5.48 billion project in Panama, the largest copper mine coming to market over the next couple of years.The Central American country's Supreme Court ruled Monday that Law 9, which was used to grant a mining concession to Minera Petaquilla (now known as Minera Panama) in February 1997, was unconstitutiona...Read More
NEW DELHI, Sept 25 (Reuters) - Finance Minister Arun Jaitley said on Tuesday he expects India's economy to sustain an annual growth rate of around 8 percent on the back of measures taken by the government such as a unified tax code and a new bankruptcy law.But he said India needs to assess the efficiency of its debt recovery tribunals for quicker decisions.Read More
* Brent touches Nov. 2014 high: https://tmsnrt.rs/2xATyY1* U.S. sanctions to target Iran's oil exports from Nov. 4* Trumps accuses OPEC of ripping off the world* U.S. crude stockpiles seen down for sixth week - Reuters poll* Coming Up: API weekly oil stock report at 4:30 p.m. (2030 GMT) (New throughout, updates prices, market activity and comments to settlement)By Jessica Resnick-AultNEW YORK, Sep...Read More
Investing.com - Here are the top five things you need to know in financial markets on Tuesday, September 25:1. Trump Addresses the UNU.S. President Donald Trump is expected to address the United Nations General Assembly today, with many expecting to hear his “America First” rhetoric. He plans to discuss state sovereignty and American interests, U.S. ambassador, Nikki Haley, told the Ne...Read More