WASHINGTON (Reuters) - U.S. President Donald Trump’s nominee for Wall Street regulator Comptroller of the Currency bought financial stocks until he took office in November, according to financial disclosure documents filed with the Office of Government Ethics.While not illegal, the trading activity by Joseph Otting’s money manager could violate the spirit of ethics rules designed to pr...Read More

Where have all the dip buyers gone?The Dow Jones plunged another 423 points yesterday... its fifth consecutive losing day.The S&P slipped 35 points, the Nasdaq a hellacious 121.Stocks have endured more daily losses of at least 1% this year... than the past two years combined.And it is only April.Stocks opened lower again today. They closed the day mixed.What are we to make of it all?We introdu...Read More

The latest news and price moves to start the Asian day on Thursday April 26.Base metals on the London Metal Exchange were mixed at the close of trading on Wednesday April 25, with zinc falling nearly 2.5% after a 30,075-tonne delivery into Antwerp rattled price sentiment. Read more in our live futures report.Here are how prices looked at Wednesday's close:Comex copper prices dipped in morning...Read More

SAN FRANCISCO (Reuters) - Alphabet Inc’s (GOOGL.O) Google unveiled on Wednesday its first Gmail redesign since 2013, capping what the company says was an expensive overhaul two years in the making to adopt security and offline functionality and better resemble Microsoft Outlook.It is Google’s most extensive update to software in its G Suite workplace bundle since accelerating efforts t...Read More

“Zach, I’m not paying you to sit on a pile of cash!”I had to hold the receiver away from my ear. Joe was shouting in his thick New England accent from his office in Boston.“I pay you to INVEST my money! And if you can’t do that, I’ll find someone who CAN!”Ouch!I guess that’s what I get for trying to protect Joe from a market pullback.You see, when I...Read More

The latest metal markets news and price moves to start the North American day on Wednesday April 25.Base metals on the London Metal Exchange were broadly lower during morning trading, with zinc the biggest downward mover. Some 30,075 tonnes of zinc was delivered into Antwerp this morning, with overall stocks rising approximately 16%. The metal's three-month price has subsequently fallen 1.6% this...Read More

BERLIN (Reuters) - Eurowings has agreed the key points of a collective labor deal for pilots and cabin crew at its Austria-based unit with union Vida, the budget carrier said.Lufthansa (LHAG.DE) has been expanding its Eurowings business via the Austrian unit, known as Eurowings Europe, for which there was no collective agreement in place, although it has been in talks with the union for around 18...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday April 25.Base metals prices on the Shanghai Futures Exchange were broadly higher during Asian morning trading on Wednesday April 25, after buying sentiment in China picked up following comments from the country's central government which suggested a degree of flexibility in its monet...Read More

(Reuters) - Twitter Inc (TWTR.N) reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads.Daily active users (DAU) grew 10 percent year-over-year while overall monthly user numbers rose 3 percent to 336 million, just above a forecast of 334 mil...Read More

ZURICH (Reuters) - Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland’s second-biggest bank in 2016, driven by its wealth management business.After 6.6 billion Swiss francs ($6.7 billion) of losses in 2015 and 2016, and a big tax writedown that wiped out gains last year, Credit Suisse posted 694...Read More

April 25 (Reuters) - Media company Viacom Inc said on Wednesday its quarterly profit more than doubled, driven by higher fees from international cable and satellite operators and strong growth in its Paramount Pictures division.Net income attributable to Viacom, which is exploring a merger with CBS Corp, rose to $256 million, or 64 cents per share, in the second quarter ended March 31 from $121 mi...Read More

(Reuters) - Comcast Corp (CMCSA.O) topped Wall Street estimates for quarterly profit on Wednesday as the communications company cut expenses and added high-speed internet customers, offsetting a drop in cable TV subscriptions.The biggest U.S. cable provider said in its results that it added 379,000 customers for the internet service overall in the first quarter, while its main TV business was help...Read More

(Reuters) - Anthem Inc (ANTM.N) reported a better-than-expected quarterly profit on Wednesday as it kept a tight leash on patient payouts, prompting the health insurer to raise its full-year profit forecast.The company said it was prioritizing investments throughout 2018 on infrastructure that can quickly respond to the evolving needs of its customers - a sign it may continue to steer clear of maj...Read More

(Reuters) - U.S. exchange operator Nasdaq Inc (NDAQ.O) on Wednesday reported a 14.6 percent rise in quarterly revenue, helped by higher trading volumes.Revenue from market services, the company’s largest business which oversees transactions, clearing and settlements, rose 21.3 percent to $735 million.Heightened volatility in February, after a prolonged calm in 2017, roiled global equities, b...Read More

BERLIN (Reuters) - German Economy Minister Peter Altmaier said on Wednesday it would be negligent to end up in a trade conflict with the United States, which has imposed tariffs on imports of steel and aluminum from some countries.Speaking just days before Chancellor Angela Merkel travels to Washington to hold talks with U.S. President Donald Trump on the issue, Altmaier said: “I remain conv...Read More

SINGAPORE/BEIJING (Reuters) - China’s purchases of U.S. soybeans have come to a grinding halt, trade and industry sources say, as fears of further action by Beijing to curb imports of U.S. crops following last week’s anti-dumping move on sorghum rattles the agriculture industry.Buyers from China, which takes 60 percent of soybeans traded worldwide, have not signed any new deals to take...Read More

LONDON (Reuters) - Sky (SKYB.L) withdrew its recommendation of Rupert Murdoch’s contested bid for the European pay-TV group after rival Comcast (CMCSA.O) submitted a higher, 22 billion-pound ($31 billion) cash offer on Wednesday.UK-based Sky, with more than 20 million customers for its sports, entertainment and news channels across Europe, is at the center of a three-way battle for control b...Read More

Lucas Giannini, an aluminium trader with Gerald Group in London, will leave the company at the end of April, sources close to the situation told Metal Bulletin on Wednesday April 25.Giannini joined the company in...Read More

LONDON, April 25 (Reuters) - The independent directors of pay-TV group Sky said they were withdrawing their recommendation of a takeover bid from Rupert Murdoch’s Fox after U.S. cable company Comcast Corp trumped it with a 22 billion pound ($30.68 billion) offer.“As a result of the announcement of this higher cash offer, the independent committee is withdrawing its recommendation of th...Read More

LONDON (Reuters) - Shares were on their way to the longest losing streak of the year on Wednesday, as an advance in U.S. bond yields beyond 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.All eyes will be on scandal-hit social media firm Facebook (FB.O) later when it reports its results, though there was plenty to keep investors occupied...Read More