FOMC minutes and other market moving US economic data releases are there till Friday. US December jobs numbers will positively affect the US dollar only if they indicate an interest rate hike in March. All incoming US economic data releases need to be looked from a March interest rate hike perspective. The US dollar will get another wave knock down if there is any indication of an interest rate...Read More
A new report by BMI research says that refined nickel prices will continue to lose steam in the coming months due to increased supply from Indonesia, subdued demand from China and fading overly-optimistic demand expectations from electric vehicle production."We have kept our nickel price forecast at $10,000/tonne for 2018 and expect prices to head lower over our forecast period from 2017-2021 as t...Read More
A U.S. court has dismissed Canadian gold miner Crystallex's lawsuit against asset transfers by Venezuelan-owned refiner Citgo as part of a long-running dispute over the South American nation's 2008 nationalization of the company's assets.Crystallex International Corp is seeking to collect $1.2 billion plus interest awarded in 2016 by a World Bank tribunal against Venezuela, which Venezuela has ref...Read More
Prince Harry's recent engagement combined with the massive success of Netflix's series The Crown has reignited people's and media's interest in the British monarchy.This is probably why newspapers and news sites around the UK paid special attention this week to the fact that later in 2018 the Clogau St David's mine, located near Bontddu in North Wales, might reopen after two decades of inactivity....Read More
FTSE 100 closes up 23ptsCarillion under investigation by FCANext's Christmas sales sparkleMifid II comes into force todayFTSE 100 closed the day around 23 points higher after a fairly uneventful Wednesday.The UK blue-chip benchmark finished 0.30% to the good at 7,671, while the FTSE 25 was also up - at 20,743 - up around 62 points.Top riser was retail darling Next (LON:NEXT), which soared 6....Read More
Vancouver-based ML Gold Corp.(TSXV: MLG) announced that is has started a winter drilling program on the Stars property, located 40 kilometres south-west of Houston, British Columbia. The company acquired the mine in November from Pacific Empire Minerals Corp. and Divitiae Resources.In a press release, ML Gold informed that it has mobilized a diamond drill rig and drilling is underway. The program...Read More
Palladium was up 55% in 2017 - the best performing commodity in the world - and if the first two days of this year are anything to go by, 2018 will see a repeat...Read full newsRead More
VANCOUVER, British Columbia, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Argentina Lithium & Energy Corp.(TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF), "Argentina Lithium" or the "Company") is pleased to provide anupdate with respect to the completion of its private placement (the "Private Placement...Read full newsRead More
WINNIPEG, Manitoba/CALGARY, Alberta, Jan 3 (Reuters) - Suncor Energy Inc said on Wednesday it and Teck Resources Ltd have taken higher stakes in the Fort Hills oil sands mine from partner Total SA, resolving a dispute over building costs.Under terms of the deal, Suncor and Teck will fund more of the C$17 billion ($13.56 billion) project's capital cost - C$300 million and C$120 million more respect...Read More
LONDON, Dec 22 (Reuters) - A little bit of metals history was recorded on March 29 this year.The small Central American country of El Salvador became the first nation to ban all exploration, mining and processing of metals.Don't worry if you didn't notice. El Salvador doesn't have any operating mines. It was going to have a gold mine, but in a public debate pitting economic growth against clean wa...Read More
WANdisco PLC (LON:WAND) shares were strong in late afternoon trading, jumping nearly 10% higher to 626p on news the firm has secured a record contract for its live data platform with a "world-leading" financial institution.The AIM listed group said the contract is worth US$4.3mln in royalties to the company, and will see it deploy its WANdisco Fusion platform to the client.The company said the con...Read More
Mike van Dulken, Head of Research at Accendo Markets talks us through retail giant Next's Christmas sales figures and explains why investors have had such a rollercoaster ride over recent times. We chat about bricks and mortar operations versus online sales and try to peer into the marketplace crystal ball for Next's upcoming Jan sales and indeed the end of year results, due in March. Meet C...Read More
The mumbling tune of Auld Lang Syne lingers, though the hangovers have by now subsided, nonetheless, the early New Year schedule remains holiday-like.Indeed there are no particularly notable marks in the diary, the most interesting being an AGM for Cambria Automobiles Plc (LON:CAMB) and a couple of stocks going ex-dividend.The more worthwhile matters in the agenda are the economic, and even then t...Read More
A senior official in the United States Africa Command (AFRICOM) said that ISIS was likely plotting attacks on Libya's strategic oil crescent. In remarks to Asharq Al-Awsat, AFRICOM spokeswoman Robyn Mack said: "At the moment, we believe that the orRead full newsRead More
Almost 80 percent of battery-powered vehicles in the U.S. are leased, not owned.Read full newsRead More
Kaohsiung oil trader chartered tanker.A Kaohsiung oil trader was freed on bail Wednesday for forgery in the chartering of a tanker smuggling oil to North Korea.Read full newsRead More
China's PBOC called for rectifying irregularities in electricity use of some bitcoin mining fields, and during a closed-door meeting, discussed limiting the power use of bitcoin mining.Read full newsRead More
Like the value of individual cryptocurrencies, the total market cap of the crypto market has spiked higher in recent months.Read full newsRead More
Natixis: Restrained production and the need to maintain stability ahead of Saudi Aramco's IPO will support prices.Read full newsRead More
Most OMC stocks, including IOC and HPCL, have under-performed BSE Oil & Gas index, in the three months ending DecemberRead full newsRead More