(Reuters) - Wall Street was set to start the week lower on Monday, as a move to check Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.The U.S. Treasury Department was set to be drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant techno...Read More
LONDON (Reuters) - Ewen Stevenson, currently chief financial officer of the Royal Bank of Scotland (RBS.L), is to become finance director of Britain’s HSBC (HSBA.L), HSBC said on Monday.Stevenson will replace Iain Mackay who is retiring. HSBC CEO John Flint described Stevenson as a “strategic thinker” and “accomplished expert” in his field.“He brings a wealth of...Read More
BEIJING (Reuters) - Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions, diplomatic and Chinese state media sources said.With a full-blown trade war looming amid U.S. President Donald Trump’s threats to impose tariffs on up to $45...Read More
BEIJING (Reuters) - Chinese and European Union officials both agreed to oppose unilateralism and trade protectionism during talks in Beijing on a bilateral investment agreement, taking a swipe at U.S. President Donald Trump’s campaign of punitive tariffs.But a top EU official made it clear that Europe is not fully on the same page as China, calling on Beijing to do more to make market access...Read More
* Concerns over future monetary policy dampen mood* Lira initially jumped on hopes of political stability* Lira has weakened 18 percent this year (Adds capacity utilisation data, graphic, updates numbers)By Ezgi Erkoyun and Daren ButlerISTANBUL, June 25 (Reuters) - Turkish markets surrendered early gains on Monday as concerns over the direction of economic and monetary policy weighed on sentiment...Read More
EIELSON AIR FORCE BASE, Alaska, (Reuters) - The United States will soon present a timeline to North Korea with “specific asks” of Pyongyang after a historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, a senior U.S. defense official said.The official, who spoke to a small group of reporters ahead of a trip to Asia this week by Defense Secretary Jim Ma...Read More
The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange's business development manager. The contracts are aimed at the domestic markets in the United States and in Europe as well as the Chinese export market, said Marko Kusigerski...Read More
* Aluminium touches 2-1/2 month low * Copper hits weakest level since late May * GRAPHIC-2018 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 25 (Reuters) - Zinc prices hit the lowest inover 10 months on Monday as a rise in inventories signalledsupplies were healthy and speculators put pressure on themarket.Daily data showed zinc on-warrant inventories - those notearmarked f...Read More
The Integra Resources DeLamar Project in southwestern Idaho. Source: Integra Resources Corp.Integra Resources Corp. [ITR-TSXV; IRRZF-OTCQX] reported assay results June 25 from a further three drill holes completed in its 2018 drill program on the DeLamar Gold and Silver Project located in the historic Owyhee County mining district of southwestern Idaho. This second round of drill results released...Read More
at the Lithium Americas Thacker Pass lithium project in Humboldt County, Nevada. Source: Lithium Americas Corp.Lithium Americas Corp. [LAC-TSX, NYSE] provided results of a Preliminary Feasibility Study (PFS) for the Thacker Pass lithium project in Humboldt County, Nevada. Unless otherwise stated, all figures U.S. dollars and are on a 100% equity project basis. Thacker Pass is located in the McDerm...Read More
Turkish deep-sea scrap markets remained quiet on Monday June 25 due to the uncertainty in the market following the general elections in Turkey.Preliminary results from Turkey's presidential election on Sunday June 24 gave Recep Tayyip Erdogan a commanding lead, while his ruling Justice and Development Party (AKP) failed to win majority of the 600 parliamentary seats. However, the 'People's Al...Read More
MELBOURNE - (Reuters) - A partner in one of the world’s largest lithium mines said on Monday trial dates have been set to determine whether expansion at the Western Australian mine, in which China’s Tianqi Lithium holds a stake, would unfairly impact its minerals rights.Private-equity backed Global Advanced Metals (GAM) owns the rights to tantalum and other minerals produced at Greenbu...Read More
China is working toward implementing a complete ban on imports of solid waste, including all metal scrap, by the end of 2020, the country's State Council said on Sunday June 24. The cabinet said the country vows to substantially cut the amount of solid waste imports and eventually prohibit its imports in less than two years' time in an attempt to reduce soil pollution caused by waste processing, a...Read More
(Reuters) - The U.S. Securities and Exchange Commission on Monday said Wells Fargo Advisors LLC (WFC.N) agreed to pay more than $5.1 million to settle charges of misconduct in the sale of so-called market-linked investments to retail investors.Wells Fargo was accused of generating large fees at the expense of investor returns by improperly encouraging customers to actively trade the products, even...Read More
(Reuters) - U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 trading down more than 2.0 percent in the afternoon and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies.The U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. technology f...Read More
Comex copper prices started another week in negative territory with global trade volatility preventing a recovery. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 1.40 cents or 0.5% to $3.0130 per lb. Volatile global trading conditions continue to dampen investment after the United States' most recent announcement of a 20% import tariff on EU car im...Read More
SAN FRANCISCO (Reuters) - U.S. semiconductor stocks slumped on Monday, including deep losses in Intel, Micron Technology and Nvidia, as new measures targeting the technology sector in President Donald Trump’s trade conflict with China triggered a wave of investor fear.Intel, Micron Technology and Nvidia each fell at least 4 percent in afternoon trade, pushing the Philadelphia Semiconductor I...Read More
WASHINGTON (Reuters) - President Donald Trump reiterated frustration at laws granting due process to illegal immigrants on Monday and said people should be turned away at the border, as expectations faded for a speedy fix in the U.S. Congress to the border crisis.Heavily criticized for a policy that led to more than 2,000 children being separated from their parents at the U.S.-Mexico border, Trump...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Monday that parent company Barrick Gold (TSX, NYSE:ABX) has yet to reach an agreement with the East African nation's government to end a running dispute over taxes that has severely hit the miner's bottom line.Barrick, which has been negotiating on Acacia's behalf with the Tanzanian government for over a year, had said it would deliver...Read More
LONDON (Reuters) - Prime Minister Theresa May told the EU's Donald Tusk on Monday that Britain would set more details on its vision for a future relationship with the bloc after a June 28-29 summit.May has struggled to find a proposal on post-Brexit customs arrangements - the biggest stumbling block so far in exit talks - to take into negotiations with Brussels as the clock ticks down to Britain's...Read More