Investing.com - Gold prices retraced gains on Friday after data showing a strong rebound in U.S. jobs growth last month underlined expectations for a June rate hike by the Federal Reserve.Gold for June delivery settled at $1,229.01 on the Comex division of the New York Mercantile Exchange, off an earlier high of $1,236.00.The precious metal ended the week down 3.26%, the largest week decline since...Read More
(Updates prices, changes comment)* Oil drops to lowest since Nov before rebounding on OPEC cut talk* Safe-haven bonds, yen and gold stable after safe-haven pull* Euro highest since Nov ahead of French election* U.S. non-farm payrolls beat expectations, 211,000 jobs addedBy Rodrigo CamposNEW YORK, May 5 (Reuters) - Crude oil bounced back from its lowest level since November on Friday on the likelih...Read More
Australia's Tribeca Investment Partners became Friday the second shareholder in world's largest miner BHP Billiton (ASX: BHP) (LON:BLT) to publicly press for strategic changes at the company.Tribeca, a Sydney-based boutique hedge fund, has sent the miner an eight-page letter titled "Making BHP Great Again," in which it says the company could raise nearly $10 billion from the sale of its US shal...Read More
(Recasts throughout, changes dateline from previous LONDON)* Oil drops to lowest since Nov before rebounding on OPEC cut talk* Safe-haven bonds, yen and gold stable after safe-haven pull* Euro hovers at highest since Nov ahead of French election* U.S. non-farm payrolls beats expectations, 211,000 jobs addedBy Rodrigo CamposNEW YORK, May 5 (Reuters) - Crude oil bounced back from its lowest level si...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* Oil drops to near 6-month low before rebounding on OPEC cut talk* Iron ore futures fall sharply in China* Safe-haven bonds, yen and gold all make ground* Euro hovers at highest since Nov ahead of French elections* Bond yields drift lower, focus on U.S. jobs dataBy Marc JonesLONDON, May 5 (Reuters) - A slump in oil prices to the lowest in...Read More
Investing.com - Gold prices moved higher on Friday, as the U.S. dollar weakened broadly, although the Federal Reserve's hawkish stance this week was expected to limit the precious metal's gains.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.42% at $1,233.72.The June contract ended Thursday's session 1.59% lower at $1,228.60 an ounce.Futures were...Read More
(Adds company news, futures)May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 14-16 points on Friday, according to financial bookmakers, with futures FFIc1 down 0.2 percent ahead of the cash market open.* IAG: British Airways owner IAG ICAG.L reported operating profit and revenue ahead of expectations on Friday, posting a record first-quarter performance in what is usually the...Read More
May 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 14-16 points on Friday, according to financial bookmakers.* BHP: A second BHP Billiton (LON:BLT) Ltd BHP.AX BHP.L shareholder has made a public push for strategic changes at the world's largest miner, with the Sydney-based Tribeca Global Natural Resources Fund calling for the company to divest U.S. shale assets and to review its...Read More
(Updates prices, adds comments)* European shares near 21-month high after upbeat data, earnings* Copper hits lowest since early January* U.S. stocks muted after House passes Obamacare repealBy Rodrigo CamposNEW YORK, May 4 (Reuters) - Crude oil prices tumbled on Thursday, erasing the gains made since a production cut deal last November, while the euro strengthened against the U.S. dollar as a pro-...Read More
Courtesy of: Visual CapitalistWhether we're discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.There are many examples of strong and mutually-beneficial trade relationships all throughout history, but one doesn't have to look far back to find what could be considered...Read More
* STOXX up 0.7 pct; DAX at record high, CAC at 9-year peak* More than 80 pct of European firms beat revenues so far* Banks led higher by HSBC jump* Oil stocks turn lower as crude prices slump* Well-received earnings boost InBev, Andritz, Ferrari (NYSE:RACE) (Adds details, closing pries)By Danilo Masoni and Kit ReesMILAN, May 4 (Reuters) - European shares powered ahead on Thursday as earnings, ec...Read More
(Updates trading, changes comment, dateline; previous LONDON)* European shares at 20-month high after upbeat data, earnings* Copper hits four-month lowBy Rodrigo CamposNEW YORK, May 4 (Reuters) - Crude oil prices continued to fall on Thursday, erasing the gains made since a production cut deal last November, while the euro strengthened against the U.S. dollar as a pro-European Union centrist looke...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* European shares at 20-month high after upbeat data, earnings* Dollar holds gains after Fed downplays slower Q1 growth* Chances of Fed rate hike in June jump to 72 percent* Asia stocks lower, after subdued Wall Street* U.S. House expected to vote on Obamacare repeal bill on Thursday* Oil below $50 on smaller-than-expected U.S. inventory de...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* Dollar holds gains after Fed downplays slower Q1 growth* Chances of Fed rate hike in June jump to 72 percent* European markets at 20 month high* Asia stocks lower, after subdued Wall Street, Europe performance* U.S. House expected to vote on Obamacare repeal bill on Thursday*Oil slips on smaller-than-expected U.S. inventory declineBy Marc...Read More
(Adds company news, futures)May 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points higher on Thursday, according to financial bookmakers, with futures FFIc1 up 0.5 percent ahead of the cash market open.* ROYAL DUTCH: Royal Dutch Shell RDSa.L reported a sharp rise in net profit on Thursday, ahead of analyst forecasts and supported by stronger oil prices and improved refining mar...Read More
Investing.com - Gold prices dropped to a six-week low in European morning trade on Thursday, adding to overnight losses after the Federal Reserve left the door open to raising interest rates in June.Comex gold futures sank to a session low of $1,234.80 a troy ounce, a level not seen since March 21. It was last at $1,235.70 by 2:55AM ET (06:55GMT), down $12.80, or about 1%. Meanwhile, spot gold was...Read More
May 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 16 points higher on Thursday, according to financial bookmakers.* BHP: Australia warned on Thursday that a push by activist investor Elliott Management to ditch global miner BHP Billiton's BLT.L dual listing may be a criminal offence and could be subject to civil penalties. ROYAL BANK: Investor advisory firm Institutional Shareholder...Read More
(Adds PDVSA, New Mountain Capital LLC, Delphi Automotive Plc, Nokia, Telia, Glencore Plc, Thyssenkrupp, Scripps Networks Interactive , Ecoasis)May 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:** PetroVietnam's joint venture with Venezuela's state-run oil company PDVSA remains stalled but the Vietnamese company hopes ongoing talks...Read More
The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Conga mine.The U.S.-based gold miner appealed a decision by a lower court in 2014 that ruled in favour of potato farmer M??xima Acu??a.Community opposition to the $5 billion copper and gold project forced Newmont to walk away from it last y...Read More
Two coal miners have died and more than 50 remain trapped after an explosion in a mine located in Iran's northern Golestan province.Speaking to Press TV, the English-language arm of Iranian state television, the head of the provincial Red Crescent, Hossein Ahmadi, said there were 26 people trapped. Sadegh Ali Moghadam, the provincial director general of disaster management, provided a similar fig...Read More