* Dow Jones Industrial Average falls 422 points on tariffsnews* Interest rate worries keeps investors nervous* U.S. yield curve steepens after Fed chief comments* Oil slides on worries about crude supply, U.S. dollarBy Herbert LashNEW YORK, March 1 (Reuters) - Stocks tumbled on Wall Streetwhile the U.S. dollar fell on Thursday after President DonaldTrump said the United States would impose tariffs...Read More
Spot prices for European molybdic oxide and ferro-molybdenum climbed in Metal Bulletin's midweek assessment, extending gains on renewed demand and an expectation that consumers in the steel sector will add to that demand for second quarter deliveries soon. Metal Bulletin assessed molybdic oxide prices at $12.80-12.85 per lb in-warehouse Rotterdam on Wednesday February 28, up from $12.55-12.75...Read More
Tom Burnet, executive chairman at accesso Technology Group PLC (LON:ACSO), discusses with Proactive's Andrew Scott their first healthcare partnership with the Henry Ford Health System (HFHS).The long-term agreement will enable HFHS, a six-hospital system, to use TE2, accesso's digital experience and personalisation platform, to digitise and personalise patients' interaction with the healthcare pro...Read More
Robust nickel prices and fewer firm offers pushed prices up in East Asia's stainless steel markets over the past week despite weak demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,330 per tonne cif East Asian ports for the week ended Wednesday February 28, widening upward by $10 per tonne from a week earlier.Metal Bulletin's assessment of p...Read More
Andy Carroll, technical director at Mosman Oil And Gas Ltd (LON:MSMN), tells Proactive they're exercising their right to buy into the Arkoma oil project in Oklahoma.Through a series of deals and amendments the company ends up with a 27% stake in the project.In the field, the project partners will now work to generate production and cash flow while longer term plans will be considered for the proje...Read More
CME GOLD DEPOSITORY STATISTICS GOLD Report Date:01 MAR 2018Troy Ounce Activity Date:28FEB18 DEPOSITORY PREV TOTALRECEIVEDWITHDRAWNET CH.ADJUST.TOTAL TODAYBRINK'S, INC. Registered130779 788 0788 0 131568Eligible218623 0 00 0 218623Total*349403 788 0788 0 350191DELAWARE DEPOSITORY Registered 22719 0 00-14698 8020Eligible 88881 0 00 14698 103580Total 111600 0 00 0 111600HSBC BANK, USARegistered 86137...Read More
Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), tells Proactive he's expecting revenues over the next twelve months to rise following a period of investment and expansion.Revenues in the six months to the end of December 2017 rose by two-thirds to ?2.49mln with commercial/non-grant income 85% higher at ?2.04mln.Gibbs says they've been investing heavily in its Taiwanese...Read More
The price of gold bullion remains range-bound, and it is clear that traders do not believe that the yellow metal will experience a sharp move in the near term as reflected by the low levels of volatility. In fact, gold bar option traders are now pricing in historically low levels of premiums into gold bullion options, which means that the market displays little fear that gold bar prices will cha...Read More
Prices for steel hollow sections have remained largely unchanged across Europe this week, with extreme weather in the region contributing to the low demand, sources said.Metal Bulletin's price assessment for Northern European domestic hollow sections remained at ?,?650-670 ($794-818) per tonne delivered on Wednesday February 28."Most [of Scandinavia]...Read More
Bikes maker Tandem Group plc (LON:TND) sprinted higher on Thursday after revealing net profit for 2017 is likely to be significantly higher year-on-year.The expected increase in profits is despite a small reduction in turnover of 4% from the year before to ?36.8mln.The cost control measures taken to streamline bicycle operations brought about an expected reduction in turnover but this also had a...Read More
NEW YORK, March 1 (Reuters) - The Federal Reserve provided $72 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.The European Central Bank swapped $67 million with a term of 7 days and a rate of 1.91 percent.The Bank of Japan swapped $5 million with a term of 6 days and a rate of 1.92 percent.The Federal...Read More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More
WASHINGTON, March 1 (Reuters) - The Federal Reserve onThursday said it expected two large lenders, CIT Group Inc andCitizens Financial Group Inc, to offer 'living will' paperworkby the end of 2018.Large lenders must explain to regulators how they wouldunwind their business in the event of bankruptcy. The 'livingwill' rules are meant to prevent a future government bailout ofWall Street. (Reporting...Read More
SANTIAGO, March 1 (Reuters) - The main union of Chile's Los Pelambres copper mine will vote next week on a new contract its members have not yet received and which could lead to a strike if they refuse, a union leader told Reuters on Thursday.The president of the union for Los Pelambres, a unit of the local group Antofagasta, said the company's proposal would be finalized no later than Friday."We...Read More
** Coal explorer Whitehaven Coal Ltd falls as muchas 3.29 pct to A$4.120, its lowest since Dec. 13, 2017** Stock trades without entitlement to its latest dividendpayout** Stock among biggest pct losers on the Asx Small ResourcesIndex ** Up to Thursday's close, stock had fallen 4.5 pct thisyearReuters Messaging:SyedSaifHussain.Naqvi.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed i...Read More
London Stock Exchange (LON:LSE) is expected to report a record increase in full year profits on Friday despite being without a permanent chief executive after Xavier Rolet was forced out by the chairman.Analysts forecast a 25% rise in earnings to ?955mln in 2017.However, the results are likely to be overshadowed by questions about the group's leadership following the departure of Rolet in No...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
A new report by BMI Research states that a possible victory by frontrunner presidential candidate Andr?(C)s Manuel L??pez Obrador poses "minimal downside risks to an otherwise strong outlook" for Mexico's mining industry.According to the market research firm, the populist candidate's policy goals would indeed represent a major shift from the current administration and that is why they have stoked...Read More
** Australian lithium miners Galaxy Resources Ltd ,Orocobre Ltd and Pilbara Minerals Ltd dropbetween 3.8 pct and 7.2 pct** Chilean miner SQM , one of the world's largestproducers of lithium, warns lithium prices could weaken insecond half of the year ** "We believe that the market price will remain strong inthe first half of the year with the potential to stabilize ordecrease slightly in the...Read More