* Global stocks gauge set for largest weekly gain in five* Aluminum hits 6-yr high; USD jumps to 6-week high vs. yen* Oil set for biggest weekly gain since July* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates prices, changes dateline; previous LONDON)By Rodrigo CamposNEW YORK, April 13 (Reuters) - A gauge of stocks across the world fell on Friday but was on track to end the week...Read More
Investing.com - Gold rose on Friday, as the dollar wavered around the unchanged mark and Middle Eastern tensions remained in the back of investors’ minds.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched up 0.01% to 89.50 as of 10:32 AM ET (14:32 GMT).The dollar struggled for direction after rallying on Thursday. The greenba...Read More
* MSCI All Country World Index set for best week in a month* Easing fear of imminent U.S. attack on Syria* China trade data mixed, runs a rare deficit in March* Aluminium hits 6-yr high* Dollar jumps to 6-week high vs. yen* Oil set for highest weekly gain since July* Gold set for second week of gains* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Ritvik CarvalhoLONDON, April 13 (Reute...Read More
Investing.com - Gold was slightly higher on Friday, as tensions in the Middle East rose and the risk-adverse precious metal became more attractive to investors.Comex gold futures for June delivery were up 0.17% to $1,344.20 a troy ounce as of 4:41 AM ET (8:41 GMT).After a Russian diplomat said his country’s forces would shoot down U.S. missiles launched at Syria, U.S. President Donald Trump...Read More
* MSCI All Country World Index set for best week in a month* Easing fear of imminent U.S. attack on Syria* China trade data mixed, runs a rare deficit in March* Dollar jumps to six-week high vs. yen* Oil set for highest weekly gain since July* Gold set for second week of gains* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Ritvik CarvalhoLONDON, April 13 (Reuters) - World stocks and c...Read More
(Recasts lead, updates levels, adds analyst quote)* Asia ex-Japan shares tad firmer, earnings season to kick off* China trade data mixed, runs a rare deficit in March* Easing fear of imminent U.S. attack on Syria* Dollar jumps to six week high of 107.59 yenBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, April 13 (Reuters) - Asian stocks were cautiously higher on Friday ahead of the U.S. earnings se...Read More
(Rewrites throughout with new levels, adds analyst quote)* Asia ex-Japan shares flat, earnings season to kick off* China trade data mixed, runs a rare deficit in March* Easing fear of imminent U.S. attack on Syria* Bitcoin supported after biggest gains in 4 monthsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, April 13 (Reuters) - Asia stocks pared early gains on Friday as caution crept in ahead of...Read More
Lithium and, more recently, cobalt have caught the attention of investors looking for exposure to the rush to electrify the world's transport system. But copper may be the commodity which benefits most from the slow death of the internal combustion engine.Read More
The state-owned mining company is developing a series of certifications for its operations based on their environmental and social qualities, such as their carbon footprint and respect for human rights.Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) is amping up its corporate social responsibility game in northern Chile by investing $1 million in a program called Originarias.According to a press release, Originarias was launched in 2016 with a similar investment and is run in partnership between UN Women and Teck. The program's main goal is to provide education...Read More
Copper and iron ore eked out small price gains on Friday after customs data showed imports of raw materials by China improved during the first quarter.In brisk trading New York Comex copper for delivery in May was exchanging hands for $3.07 a pound ($6,770 per tonne). Copper is down 7% year to date.Rising imports have coincided with a build-up of inventories with stockpiles on the Shanghai exchang...Read More
Billionaire Andrew Forrest is studying a proposed 1,500-mile (2,400-kilometer) transcontinental natural gas pipeline as part of his iron ore company's strategy to diversify and to boost Australia's power supply network.Fortescue Metals Group Ltd. confirmed it has undertaken work for a duct that would link the gas-rich state of Western Australia with fuel-strapped East Coast power markets where the...Read More
LONDON/HONG KONG, April 13 (Reuters) - China Molybdenum International (CMOC) Chief Executive Kalidas Madhavpeddi has left the company and the parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.A China-based spokesman said the move was a normal personnel change, adding "having the chairman serve as overseas CEO at the same time shows the company's emphasis on the overseas...Read More
* Dollar gains as risk appetite makes a comeback* World FX rates year-to-date: http://tmsnrt.rs/2egbfVh* Crude prices at highest since 2014: https://tmsnrt.rs/2IK7hyU (Updates to U.S. market close)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat after U.S....Read More
* Dollar gains as Trump amends previous comments on Syria* World FX rates year-to-date: http://tmsnrt.rs/2egbfVh* Crude prices at highest since 2014: https://tmsnrt.rs/2IK7hyU (Updates prices, adds OPEC comment)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front s...Read More
* Dollar gains as Trump amends earlier comments on Syria* World FX rates year-to-date http://tmsnrt.rs/2egbfVh* Oil dips from highest since 2014 https://tmsnrt.rs/2IK7hyU (Updates prices, changes comment)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat aft...Read More
* Dollar gains as Trump amends earlier comments on Syria* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Graphic: Mideast tensions drive crude https://tmsnrt.rs/2IK7hyU (Updates prices, changes dateline from previous LONDON)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, despite declines in Asia, as investors focused on an earnings sea...Read More
The cash will finance drill-ready projects on Goliath's Lucky Strike and Copperhead properties, just outside the famed Golden Triangle, which is receiving renewed interest from a string of miners as the area becomes more accessible and gold prices pick up."Our two properties being drilled are situated in the right geological settings where several large world class mineral deposits have been disco...Read More
Investing.com - Gold slumped on Thursday, as a rise in the U.S. dollar caused a sell-off of the risk adverse precious metal.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, surged 0.37% to 89.55 as of 10:53 AM ET (14:53 GMT).The dollar rose after the latest meeting minutes from the Federal Reserve showed the central bankers felt confide...Read More
Investing.com - Gold prices fell on Thursday, pulling away from the two-month highs hit in the previous session as the stronger dollar weighed and fears over escalating tensions in Syria cooled, but remained on investors’ minds.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $9.5 or 0.68% to $1,350.50 a troy ounce by 05:28 AM ET (09:28 AM GM...Read More