TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe has given up on a plan to visit Iran this summer, Kyodo News said on Wednesday, as U.S. President Donald Trump has taken an increasingly tough line against Tehran.The visit to Iran would have been the first by a Japanese leader in 40 years, forming part of Abe's scheduled tour through the Middle East from July 11, Kyodo said.But Japan has told I...Read More
* LME/ShFE arb: bit.ly/2wZSAE* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Updates prices)By Zandi ShabalalaLONDON, July 4 (Reuters) - Copper fell to a fresh nine-month low on Wednesday ahead of the implementation of trade tariffs on goods from China and the United States which could dampen demand for the industrial metal.Benchmark copper on the London Metal Exchange slipped 0.6 percent to $...Read More
After a yearlong study, the researchers didn't find any examples of your phone listening to you, but they did find examples that your phone is watching youContinue...Read More
LONDON (Reuters) - U.S. President Donald Trump’s pressure on international firms not to buy Iranian oil will drive prices higher and end up hurting his own economy, a senior Iranian oil official said on Wednesday.Iran’s OPEC governor, Hossein Kazempour Ardebili, said oil should not be used as a weapon or to make political gains, according to the Iran oil ministry news agency SHANA.&ldq...Read More
The consultancy PWC called 2017 a "remarkable year" in its annual look back at the health of the mining sector.After the forced financial reckoning, mining companies are now profitable with metal prices on the rise. "Thanks in large measure to the continuing recovery in commodity prices, fuelled by general economic growth, revenues rose dramatically by 23 per cent," writes the reports authors of M...Read More
"Don't care if you're black or white or who you love, I stand for the Flag and the Flag stands for all of us."Continue...Read More
ABUJA, July 4 (Reuters) - Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate.Nigeria's economy, one of Africa's largest, has been built largely on its rich crude oil reserves, leaving other sectors to stagnate....Read More
The Supreme Court's decision to allow every state to tax the internet is complete insanity. Sources in Illinois are warning that the state is bankrupt Continue...Read More
Indians' love affair with gold is cooling.Imports slumped more than 25 per cent to 54 metric tons in June from a year earlier, a person familiar with the information said, asking not to be identified as the figures aren't public. Overseas purchases plunged 40 per cent to 343 tons in the first half from a year ago, according to data from Finance Ministry officials compiled by Bloomberg.Buying has b...Read More
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality - that is, the annual decline in bullion demand from China and India once Continue...Read More
Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, were hit hard on Wednesday after the owner of the shipyard where the company's support vessel is being made said it had cancelled the contract with the supplier chosen by Nautilus to build its ships.Fujian Mawei Shipbuilding's decision came as the supplier chosen by Nautilus to build its ships failed to pay t...Read More
NEW YORK (Reuters) - Fireworks, music and the pursuit of hot dogs will mark the 242nd year of independence for the United States on what is expected to be a steamy Wednesday in much of the country.The Independence Day holiday, which brings out crowds from small towns to big cities, is also a time when law enforcement agencies are on the alert for suspicious activity.Officials said they are taking...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
Indonesia has extended a short-term operating permit for Freeport McMoRan's (NYSE:FCX) vast Grasberg copper-gold mine until the end of July, while discussions over granting the government a majority ownership in the operation are finalized.Coal and Minerals Director General Bambang Gatot Ariyono told The Jakarta Post that the extension had been given based on four key issues that still needed fine...Read More
Corporations set a record for share buybacks in the second quarter of this year, while investors also set a record for selling stock-based funds in June.Continue...Read More
China wants the EU to join with them in an alliance against Washington, to take sides. So far, the Europeans say they won't do it, but there is still timeContinue...Read More
LONDON (Reuters) - The euro fell on Wednesday as a weaker purchasing managers’ confidence in the bloc overshadowed better-than-expected data on business activity, while concerns about Washington’s end-of-week deadline to impose tariffs on Chinese imports crimped trading.The yuan was the big winner, gaining as much as 0.8 percent as the Chinese currency built on its recovery from an 11-...Read More
The report shows that terrorist attacks lead to people and companies changing their economic behaviors.Continue...Read More
Gold has been held back by a stronger U.S. dollar but the yellow metal could get a boost if the Federal Reserve reigns in on rate hikes, this according to Chris Mancini, research analyst at Gabelli Funds. "I think what ultimately drives the gold price higher will be the Fed pausing and then the market pricing in the Fed easing. And so if the Fed is easing while the ECB [European Central Bank] is p...Read More
Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold Continue...Read More