- Emergency cash offered by Ulster Bank as cash vanishes from accounts- Bank makes EUR500 available to customers whose deposits vanish- Bank investigates after hundreds of complaints on social media- "My salary has disappeared from my account today and my wife had her card declined when trying to pay for a GP visit and medication"- Cyber attacks and Brexit are biggest threats to the securities...Read More
Continue...Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalizatio...Read More
Silver, silver, and silver - that's all there seems to matter to the more short-term oriented investors. But, there's so much more that's going on than just the rally in the white metal that just got invalidated! The dynamics in the precious metals market extend well beyond the above and the signal that's coming from silver - as important as it is for the short run - is just one of many puzzles...Read More
ATHENS (Reuters) - Greek lawmakers on Wednesday approved the sale of power stations by Greece's dominant power utility Public Power Corp. (PPC) after workers protested at what they call a "national crime".A majority of lawmakers voted in favour of the bill which paves the way for PPC to begin selling plants in May. It is a requirement of a multi-billion euro bailout accord between Greece and inter...Read More
European authorities are thought to be considering whether to start an anti-dumping case into imports of steel hollow sections originating from Macedonia, sources told Metal Bulletin on Wednesday April 25."The information has been circulating in the market that the European Commission [EC] might start a trade case into Macedonian hollow sections. But it is unclear if [European steel association] E...Read More
* Aluminium still down 18 pct from its mid April peak* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Updates with official prices)By Jan HarveyLONDON, April 25 (Reuters) - Aluminium edged higher after four straight days of losses on Wednesday, but remained down 18 percent from last week’s peak as concerns eased over the impact of U.S. sanctions on Russian pr...Read More
North Korea's mountain nuclear test site has reportedly collapsed, placing China and other nearby ares at a very real risk of radioactive exposureContinue...Read More
This article was written for Miles Franklin by Gary Christenson.Quick summary: U.S. debt, spending and deficits are out of control. Thinking otherwise is delusional. The "runaway train" of debt creation will end tragically. Protect your assets from a mathematically assured disaster while you can. Buy and hold silver, gold and platinum.The national debt of western nations plus Japan is a travesty...Read More
Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction.Southern Copper's Oscar Gonzalez told Reuters he hoped the new government of Peruvian President Martin Vizcarra would issue a permit "soon" to allow construction work on the long-delayed project to begin t...Read More
By David Hodari Precious metals mining company Fresnillo released its first-quarter 2018 production report on Wednesday. Here are some other remarks from the company's report. On silver production: "Quarterly silver production (including Silverstream) increased 14.0% vs. 1Q17 primarily as a result of the start of operations at San Julian (phase II) in July 2017; San Julian is now operating at full...Read More
Prices for domestic hollow steel sections edged downward slightly in Northern Europe this week due to low levels of activity but Southern European prices remained stable, market sources told Metal Bulletin on Wednesday April 25.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe was down by ?,?5 to ?,?660-665 ($806-812) per...Read More
(Adds outlook)April 25 (Reuters) - Precious metals miner Fresnillo Plc on Wednesday reported a 14 percent rise in first-quarter silver production, boosted by the start of phase II operations at the company's San Julian facility in Mexico.Mexico's largest gold producer, which has seven operating mines in the country, said the silver production rose to 15.4 million ounces in the first quarter ended...Read More
SHANGHAI, Apr 25 (SMM) – Jiangsu province will undertake a month-long, joint environmental inspection across eight cities along the Yangtze River from Tuesday April 24, the Jiangsu Provincial Environmental Protection Office said on Monday April 23.To protect and preserve the ecology along the river, inspections will be conducted in Nanjin, Wuxi, Changzhou, Suzhou, Nantong, Yangzhou...Read More
The company got a 2.63% kick to its share price, closing at 20c Tuesday to take its market value to circa C$12.7 million, after the PEA showed a high-grade opencut mine and conventional silver processing circuit at Diablillos could yield a 30.2% IRR and US$212 million after-tax NPV (using a 7.5% discount rate) producing an average 9.8 million silver-equivalent ounces (70% silver, 30% gold) a year...Read More
SHANGHAI, Apr 26 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US treasury yields continued their upward movement, the US dollar index hit a three-month high and closed at 91.25 overnight.Base metals performed weakly under pressure. LME and SHFE zinc tumbled over 2% as LME inventories jumped 15.5%. SHFE aluminium and tin inched up b...Read More
Big companies report blow-out earnings. Home prices soar. North Korea promises to end its nuke program, possibly averting another Asian war.Continue...Read More
By Ronan Manlyhttps://www.bullionstar.com/On 17 April, Turkish news publication Ahval published a report stating that during 2017, Turkey withdrew 26.8 tonnes of gold that it had stored in the vaults of the New York Federal Reserve, and moved this gold under the custodianship of the Bank of England and the Bank for International Settlements (BIS).The source of the Ahval report was a Turkish lang...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) dove Wednesday after the company reported marked drops copper and gold production during the first quarter of the year, due mostly to lower quality ore.Miner said it had expected to begin the year with poorer grades, but would move to higher quality ores as the year went on.The miner said copper output fell by 10.5% to 153,800 tonnes compared w...Read More
Investing.com - Gold fell on Wednesday, driven lower by a rising U.S. dollar and bond yields.Comex gold futures for June delivery were down 0.86% to $1,321.60 a troy ounce as of 10:26 AM ET (14:26 GMT).The price of bouillon was driven lower by the rise in the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.43% to 90.9...Read More
By Oliver GriffinFresnillo PLC (FRES.LN) said Wednesday that first-quarter silver production grew 14% on year, as the company's San Julian mine in Mexico reached full operating capacity. The precious metals miner, which is based in Mexico, said that silver production for the three months ended March 31 rose to 15.4 million ounces from 13.5 million ounces. Gold production climbed 4.1% to 231,500 o...Read More