SHANGHAI, Mar 1 (SMM) -Copper: LME copper lost support at the $7,000/mt level and SHFE copper fell to a low of 52,380 yuan/mt overnight as the US dollar remained strong. With pressure on base metals, we see copper staying rangebound in the short term with possible upward room in the medium term. We expect LME copper to trade at $6,900-6,970/mt and the SHFE 1804 contract to trad...Read More
March 2(Reuters) - Reuters has surveyed around 80 economists on the outlook for growth, inflationand central bank policy in the euro zone.Other stories on the U.S., UK and Japan economic outlook to follow the comingweeks.> Euro zone economic growth momentum has peaked, say economists DETAILED DATA AND CROSS-COUNTRY COMPARISONFor Reuters poll data by economic indicator, select country and prefer...Read More
WASHINGTON, March 1 (Reuters) - The U.S. Commerce Departmentsaid on Thursday it made a final antidumping and countervailingduty determination to impose duties on imports of silicon metalfrom Australia, Brazil, Norway and Kazakhstan. The department said it imposed antidumping duties of 41.73percent to 51.28 percent for imports from Australia, 68.97percent to 134.92 percent for imports from Brazil,...Read More
The benchmark cash/three-month spread in aluminium at the start of this week hit backwardation levels not seen since before the Global Financial Crisis, which is a landmark event but not necessarily a signal of a major shift in market dynamics.It is most probably a short-term aberration caused by the potent combination of February date shorts clashing with dominant longs but given added spice and...Read More
Remember the "tea party" revolt in 2009-2010 against government bailouts and government spending?Remember the "fiscal cliff" drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown?Remember the actual government shutdown in October 2013 as Republicans held the line against more government spending?Well, congratulations if you do, because...Read More
** Ito En dives 10 pct to 4,020 yen, its lowestsince mid November** Co cuts net profit outlook by 10 pct to 12.35 bln yenfrom 14 bln yen for FY ending April 2018 ** As of 00:27 GMT, about 386.50 thousand shares of theTokyo-to-based company have been traded, about 198.9 percent oftheir 30-day moving average of 194.28 thousand shares a day.** Among the 3 analysts that cover Ito En Ltd, the currentav...Read More
March 1, 2018 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC” or the “Company”) announces that it has appointed Matthew Keevil as Vice President of Corporate Affairs.Mr. Keevil has over 15 years’ of experience in mining, capital markets, and corporate affairs. He began in business development with Teck Resources, as a junior analyst, with a focus on macro-ec...Read More
Apple has been experimenting with ways to recover cobalt from its lithium-ion batteries and to use recycled cobalt. The company says it could potentially recover 550 kilograms of cobalt from every 100,000 iPhone 6 devices it recycles. Now there are reports it's looking to secure cobalt directly from miners, marking a further move by original equipment manufacturers (OEMs) to ensure certainty of ra...Read More
New Federal Reserve chair Jerome Powell appeared before Congress this week…"Some of the head winds the U.S. economy faced in previous years," Mr. Powell assured the assembled, "have turned into tail winds."Global growth is on the bounce.U.S. unemployment rests at 17-year lows.The economy will soon feel the spur of new federal spending.Let us not forget about the tax cuts.Powell is even conce...Read More
(Adds quotes from head of research services at Thomson ReutersLipper, table)By Jennifer AblanNEW YORK, March 1 (Reuters) - U.S.-based junk bond fundsposted $703 million of outflows for the week ended Wednesday,their seventh straight week of cash withdrawals, Lipper datashowed on Thursday.But higher up in the credit-quality spectrum, U.S.-basedinvestment-grade corporate bond funds attracted $1.37 b...Read More
Colorado School of Mines had its best team placement and individual placement in school history on the 2017 William Lowell Putnam Mathematical Competition, the preeminent undergraduate mathematics competition in the United States and Canada.Sam Reinehr, a junior majoring in mathematics and computer science, placed 51st out of 4,638 total students who participated in the exam. Overall, the Mines te...Read More
2018 will be historic for tech.Major innovations in artificial intelligence and robotics will change how we do everything.This will give you extremely lucrative profit chances.But the biggest story in tech right now is the amazing power of blockchain.To many blockchain experts, it's 1994 all over again and we're just waiting for a tipping point.Much like the "Netscape moment" was for the internet....Read More
SEOUL, March 2 (Reuters) - South Korea's factory activityexpanded for a second straight month in February as growth inoutput and new orders was sustained, a private manufacturingsurvey showed on Friday.The Nikkei/Markit purchasing managers' index (PMI) onoperating conditions for the manufacturing sector was 50.3 forFebruary, compared with January's 50.7.The 50-point level separates expansion from...Read More
In a recent story about some of Social Security's stranger aspects, I promised to tell you how the Amish opted out of the system in a future article.Well, grab some popcorn because here it is...The Social Security Act - which marked the beginning of the system we know today - passed Congress in 1935.But for the first 20 years, it didn't cover farmers.So it was only in the middle of the 1950s when...Read More
** Radio content creator Southern Cross Media Group Ltd falls as much as 4.1 pct to A$1.045, its lowest sinceApril, 2016** Stock is trading ex-dividend today** Stock posts its biggest intraday pct fall since Feb. 23,when it declared interim results ** Up to Thursday's close, stock hadfallen 8 pct this yearcompared with a 1.5 pct decline in the S&P/ASX 200 Index Messaging: Aaron.Saldanha@thomso...Read More
Codelco's commercial vice president, Rodrigo Toro, and the general manager of its Salvador division, Juan Carlos Avenda??o, are leaving the company, the Chilean copper miner said late on Wednesday February 28.Toro will leave Codelco on April 1 and will be replaced by Roberto Ecclefield, who is currently in charge of sales for the company's...Read More
Another day, another late afternoon stock market dump.The major averages careened into the close for the second day in a row on Wednesday. The Dow led the retreat, shedding 380 points for a 1.5% loss. The S&P 500 and Nasdaq Composite weren't far behind, posting losses of 1.1% and 0.8%, respectively.The two-day drop was a fitting end to the market's most tumultuous trading month since January 2...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.6 pct, HSI +0.7 pct* HK->Shanghai Connect daily quota used 4.3 pct, Shanghai->HK daily quota used 18 pct* HK->Shenzhen Connect daily quota used 6.4 pct, Shenzhen->HK daily quota used 12.7 pct* CNY official close 6.3575 per dollar* FTSE China A50 +0.6 pct, BNY Mellon ADR China Select Index -0.8 pctSHANGHAI, March 2 (Reuters) -...Read More
Lonely, neglected and forgotten.Nobody wants them - even though there’s absolutely nothing wrong with them.The only problem is that they are not fortunate enough to be in the popular club. They are stuck on the outside looking in.I’m referring to the publicly traded companies that are not included as part of the major stock indices, in particular the S&P 500.The surge in passive in...Read More
(Adds analyst comment, detail)* Jan factory output +1.0 pct m/m s/adj (Reuters poll +2.0pct)* Jan factory output +4.6 pct y/y (Reuters poll +3.2 pct)By Cynthia Kim and Dahee KimSEOUL, March 2 (Reuters) - South Korea's industrial outputrebounded in January, official data showed on Friday, reflectingstrong export demand for memory chips and petroleum products. A measure of factory utilisation increa...Read More