Investing.com - Gold prices rallied to a more than one-week high during European morning hours on Thursday, after the Federal Reserve sounded more dovish than anticipated on future rate hikes.Comex gold futures jumped to a session peak of $1,228.65 a troy ounce, the highest since March 6. It was last at $1,225.55 by 4:10AM ET (08:10GMT), up $24.85, or around 2.1%.Meanwhile, spot gold was up $6.30...Read More
* Agarwal acting for family trust, not Vedanta- statement* Anglo American declines comment* Vedanta seen too small to take over Anglo in near term (Adds detail of previous interest in Anglo, share price, comment)By Barbara Lewis and Zandi ShabalalaLONDON, March 16 (Reuters) - Indian billionaire Anil Agarwal said he was buying a 2 billion pound ($2.45 billion) stake in Anglo American AAL.L , send...Read More
(Corrects currency to pounds not dollars in headline, paragraph 1)LONDON, March 15 (Reuters) - Indian billionaire Anil Agarwal said on Wednesday he would buy a stake of up to 2 billion pounds ($2.5 billion) in Anglo American AAL.L but had no intention of trying to take control of the global miner.Agarwal, who has majority control of Hindustan Zinc Ltd HZNC.NS through Vedanta Ltd VDAN.NS VED.L...Read More
SHANGHAI, Mar 16 (SMM) ? 1/4 ? To promote new energy cars, Xining city of Qinghai province will build 1,000 more charging stations for new energy cars in 2018, and to gradually replace all petrol- and diesel-powered taxis with electric ones, SMM learned from local authorities.The charging stations were introduced to Xining in 2016. At the end of 2017, there were 1,034 charging stations across 16 p...Read More
SHANGHAI, Mar 16 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar returned to stand above 90, following remarks from President Donald Trump's newly-appointed top economic advisor Larry Kudlow.Most nonferrous metals weakened. SHFE nickel and copper dropped about 1%. SHFE tin edged down slightly, while aluminium, zinc and...Read More
SHANGHAI, Mar 16 (SMM) –Copper: LME copper dipped under pressure from the strong dollar, but the pressure is expected to ease as the Federal Reserve's interest rates hike in March will weaken the upward momentum of US dollar. We see copper prices remaining rangebound in the short term while rising in the long term in anticipation of the destocking period. We expect LME copper to trade at...Read More
Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, the lifted ban for US exports, and decarbonisation legislation are triggering push-me-pull-you scenarios making it more difficult to see how refiners' bottom lines wil...Read More
Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, the lifted ban for US exports, and decarbonisation legislation are triggering push-me-pull-you scenarios making it more difficult to see how refiners' bottom lines wil...Read More
Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, the lifted ban for US exports, and decarbonisation legislation are triggering push-me-pull-you scenarios making it more difficult to see how refiners' bottom lines wil...Read More
Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, the lifted ban for US exports, and decarbonisation legislation are triggering push-me-pull-you scenarios making it more difficult to see how refiners' bottom lines wil...Read More
Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, the lifted ban for US exports, and decarbonisation legislation are triggering push-me-pull-you scenarios making it more difficult to see how refiners' bottom lines wil...Read More
Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, the lifted ban for US exports, and decarbonisation legislation are triggering push-me-pull-you scenarios making it more difficult to see how refiners' bottom lines wil...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.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...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.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...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.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...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.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...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.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...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.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...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.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...Read More