Investing.com - Gold prices edged lower in European trading on Thursday, nursing overnight losses amid fading demand for safe-haven assets, despite jitters ahead of the French presidential election and ongoing geopolitical tensions over North Korea.Comex gold futures shed $2.90, or around 0.2%, to $1,280.50 a troy ounce by 2:45AM ET (06:45GMT). Meanwhile, spot gold was slightly lower at $1,279.30....Read More
April 20 (Reuters) - Britain's blue chip FTSE 100 .FTSE index is seen opening down 0.16 percent at 7103 points on Thursday, according to financial spreadbetters.* IHG: Global hotel chain InterContinental Hotels Group Plc IHG.L said 1,200 of its franchised hotels in the United States, including Holiday Inn and Crowne Plaza, were victims of a three-month cyber attack that sought to steal customer pa...Read More
A historically long 43-day strike at BHP Billiton's (ASX, NYSE:BHP) (LON:BLT) Escondida copper mine in Chile, the world's largest, may tip one of Latin America's strongest economies into recession for the first time since the global financial crisis, experts say.A historically long 43-day strike at BHP Billiton's Econdida mine caused Chile's copper sector to shrink 17% in February, which may...Read More
Ecuador, until recently only known by its oil resources, will continue to attract investors to its mining sector, with the value of the dawning industry set to jump from $1.1 billion this year to $7.9 billion in 2021, a new report shows.According to BMI Research, the nation will increasingly emerge as a mining investment hot spot in Latin America thanks to a combination of revised regulatory frame...Read More
Investing.com - Gold prices were slightly lower in European trading on Wednesday, as the dollar edged away from the prior session's three-week low, prompting investors to take profit on recent gains.Comex gold futures shed $8.10, or around 0.6%, to $1,286.00 a troy ounce by 3:00AM ET (07:00GMT). Meanwhile, spot gold was down $4.90 at $1,284.60.The yellow metal settled higher for the fifth session...Read More
(Adds company news, futures)April 19 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 26 points lower on Wednesday, according to financial spreadbetters, with futures FFIc1 down 0.4 percent ahead of the cash market open.* ALLIED MINDS: Top shareholder Invesco Perpetual has trimmed its stake in technology incubator Allied Minds ALML.L for the second time in as many weeks, according to...Read More
April 19 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 26 points lower on Wednesday, according to financial spreadbetters.* British companies plan to increase their spending on advertising this year as they expect the UK economy to remain resilient despite the Brexit vote, a survey showed on Wednesday, reversing a previous forecast for a decline in ad budgets. Oil prices dipped on...Read More
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils. POI/* U.S. soybean futures fell on Tuesday for the second day in a row, hitting a one-week low as trad...Read More
Fortunes can be made when a new mine is found, or lost in the pursuit of one.Mines are by definition a finite resource, constantly in depletion.Large mining companies often outsource the risk-and reward of finding new mines to smaller, riskier ventures.When a new economic deposit is found the majors will often gobble up the juniors at astounding premiums.Take Diamond Fields International, a penny...Read More
Freeport McMoRan Inc (NYSE:FCX), the world's largest listed copper miner, has received an initial authorization to restart shipments of concentrate from its Grasberg mine in Indonesia.Freeport Indonesia is said to be in the process of obtaining a full export permit.The firm's local unit, which has not been able to ship copper from the mine since a government ban kicked in on January 12, is now in...Read More
A new copper find in South Australia has the potential to easily boost production.Mining firm Havilah Resources has confirmed a thick copper zone at its Croziers site about 400km northeast of the state's capital Adelaide.Its location between the company's Portia and Kalkaroo projects strengthens its push for plant development at Kalkaroo because the short 10 kilometre trucking distance would mean...Read More
(Updates with U.S. markets, changes dateline from previous LONDON)* U.S. crude little changed after gasoline data* Snap British election boosts sterling* Focus on Korean peninsula tension, French electionBy Rodrigo CamposNEW YORK, April 18 (Reuters) - Stock indexes and the U.S. dollar fell on Tuesday as a snap general election call in Britain added to a growing list of uncertainties for investors,...Read More
* European stocks dip on security worries* Dollar steadies against yen after U.S./Japan trade talks* France/Germany bond yield gap tightens before vote* Oil falls on rising U.S. shale output* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, April 18 (Reuters) - European shares fell and the dollar dipped against the yen on Tuesday as tensions over North Korea and t...Read More
Investing.com - Gold prices edged lower in European trading on Tuesday, one day after rallying to its strongest level in five months as investors monitored continued tension on the Korean peninsula.Comex gold futures shed $7.40, or around 0.6%, to $1,284.50 a troy ounce by 3:10AM ET (07:10GMT). Meanwhile, spot gold was down $2.00 at $1,282.70.The yellow metal settled higher for the fourth session...Read More
Apr 17 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of April 13 & April 14, 2017. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Aadesh Travels Pvt LtdST Bk FacCARE A452.5Assigned Advanced Computer And Mobiles India LT/ST (FB/NFB)CARE A3539.4 Reaff...Read More
Investing.com - Gold prices rose in European trade on Monday as a weaker dollar and tensions on the Korean peninsula supported demand.On the Comex division of the New York Mercantile Exchange, gold for June delivery gained 0.16% to $1.290.50 a troy ounce.Gold also benefitted Monday from a weaker dollar as the greenback felt pressure from Friday's release of weak U.S. retail sales and inflation dat...Read More
Following a spill of 850,000 litres of process water caused by a frozen pipeline at Highland Valley Copper's tailings facility in British Columbia's Interior, Teck Resources spokesperson Chris Stannell said the safety and stability of the mine's tailings dam were not affected.In an email statement, Stannell also said that the April 8 incident didn't cause any environmental impacts, as it was promp...Read More
Peru's Ministry of Energy and Mines revealed this week that the country's copper production rose by 5.42% in February compared to the same month last year. Overall growth for the first two months of 2017 reached 14.76%.According to the Ministry's release, the surge was driven by increased activity at two sites: Freeport-McMoRan's (NYSE:FCX) Cerro Verde, which accounted for 22.38% or 83,844 fine me...Read More
Chile's Codelco, the world's biggest copper producer, is moving forward with its plans to tap into the booming lithium industry by creating Salar de Maricunga S.A., a subsidiary that is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country's vast deposits of the silver-white metal.Setting up the new company, with an initial capital of $...Read More
A British team of scientists has discovered an underwater deposit of diverse minerals in the Atlantic, about 500km off the Canary Islands, which contains vast amounts of tellurium, used in the making of solar panels, wind turbines and electronics.The deposit, located 1,000 metres below the ocean surface, in a 3,000 metres-tall mountain known as "Tropic Seamount," contains tellurium in concentratio...Read More