RAPAPORT... Colored gemstones were the leading sellers at the Bonhams NewYork auction, which saw a total of 84% of lots sold for a combined $4.5 million. The top lot, a Cartier Art Deco ruby and diamond bracelet (pictured),sold for $324,500, smashing its pre-sale estimate of $80,000 to $120,000.A ruby and diamond ring also beat the auctioneer's expectation of $80,000 to $120,000, fetching$131,250....Read More
WASHINGTON (Reuters) - U.S. President Donald Trump will to travel to Britain on July 13, White House spokeswoman Sarah Sanders told reporters on Thursday.Trump's earlier planned visit to Britain, traditionally the United States' closest ally in Europe, was canceled in January.Reporting by Roberta Rampton; Writing by Susan Heavey Disclaimer: The views expressed in this article are those of the aut...Read More
Copper output rose 29% year-on-year to 67,300 tonnes, while gold production increased 17% to 49,900 ounces.Read More
Buy oil stocks now!That’s what DoubleLine Capital’s Jeff Gundlach recommended on stage during the closely watched Ira Sohn Investment Conference earlier this week.For a few months now, Gundlach has been making a bullish case for commodities in general.In fact, bullish may actually be understating what he sees in store for commodities in the near future...Gundlach doesn’t just thi...Read More
Vale's fall in iron ore production in the first quarter of 2018 will not affect the Brazilian miner's output guidance for the year, executive officer for ferrous minerals and coal Peter Poppinga said this week."We continue [to be] committed to the 390 million tonnes production target,"' he told analysts during a conference call on Thursday April 26.Vale's first quarter iron ore output&nb...Read More
NEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump distanced himself from his longtime personal lawyer Michael Cohen on Thursday, saying Cohen handled only a fraction of his legal affairs and that he had nothing to do with the criminal investigation into the lawyer.In a Fox News interview, Trump confirmed for the first time that Cohen had represented him in “this crazy Stormy Daniel...Read More
Following the completion of a pre-feasibility study on the NuevaUnión project, the companies were preparing to begin work on the definitive feasibility stage which they aimed to complete next year, Goldcorp said in its latest quarterly results.Read More
Minera Escondida has ended early talks with its unionized workers aimed at agreeing a new labor deal, the Chilean copper producer said.The miner and the parties have been in direct talks since the end of March but they failed to meet the conditions for extending the process, the BHP-operated miner said on Thursday April 26."We have [been flexible], clearing from the beginning the main points that...Read More
(Reuters) - Wall Street stocks rose on Thursday, as strong earnings from Facebook and a handful of chipmakers powered technology stocks, and U.S. bond yields pulled back.The tech-laden Nasdaq Composite index opened more than 1 percent higher, on track to break its five-day losing streak, its longest since November 2016. The S&P technology index rose 1.4 percent, the biggest gainer among the 11...Read More
The latest news and price moves to start the Asian day on Friday April 27.The latest news and price moves to start the Asian day on Friday April 27.Base metal prices on the London Metal Exchange steadied at the close of trading on Thursday April 26, while aluminium climbed 1.3% during the afternoon. Read more here in our live futures report.Here is how prices looked at Thursday's close:Europe...Read More
(Reuters) - The New York Times Co (NYT.N) on Thursday named Roland Caputo as its next chief financial officer, tapping a company veteran to succeed James Follo whose retirement was announced in October.Caputo, who has had a 32-year career at the Times, has been serving as interim finance chief since March.Caputo, 57, has also served as the executive vice president of the newspaper publisher’...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday April 26.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Thursday, with zinc prices leading the decline following a large delivery of the metal into London Metal Exchange sheds in Antwerp on Wednesday. Check Metal Bulletin's live f...Read More
BERLIN (Reuters) - German and French officials on Thursday signed four documents that they said underscored their determination to work together to jointly develop new weapons systems, including a maritime airborne warfare aircraft and a new fighter jet.German Defense Minister Ursula von der Leyen and her French counterpart Florence Parly both described the move as historic.Von der Leyen underscor...Read More
PRISTINA (Reuters) - Donald Tusk, president of the European Council, urged Kosovo on Thursday to improve relations with Serbia in order to progress towards its long-term goal of European Union membership.Kosovo and five other Western Balkan nations seeking EU membership must all tackle corruption and organized crime, improve human rights and media freedoms and resolve any disputes with their neigh...Read More
BRUSSELS (Reuters) - The European Union has started monitoring imports of aluminum to determine whether U.S. tariffs have led to a surge in shipments of the metal into Europe, the EU official journal said on Thursday.Data collected on the quantity and value of incoming aluminum products will help the bloc decide whether to take measures to limit imports.The European Commission began an investigati...Read More
LONDON (Reuters) - Facebook will introduce new measures to improve transparency around adverts in Britain by June this year and require political ads to be clearly labeled, the firm’s Chief Technology Officer told a parliamentary committee.In a written submission to the British parliament’s media committee, Mike Schroepfer said those wanting to run political adverts would have to compl...Read More
LONDON (Reuters) - Britain’s interior minister faced calls to resign on Thursday after giving contradictory statements about meeting targets for deportations, deepening a scandal over Britain’s treatment of Caribbean immigrants.For nearly two weeks, British ministers have been struggling to explain why some descendants of the so-called “Windrush generation”, invited to Brit...Read More
TIJUANA, Mexico (Reuters) - Hundreds of Central American migrants from a caravan through Mexico reunited in Tijuana on Wednesday and planned to cross into the United States together this weekend, in defiance of threats by President Donald Trump to repel them.The timing of the migrants’ arrival could compromise a flurry of talks to renegotiate the North American Free Trade Agreement (NAFTA),...Read More
HOUSTON (Reuters) - U.S. oil producer ConocoPhillips (COP.N) posted a bigger-than-expected quarterly profit on Thursday, on rising crude prices CLc1 and cost cuts.Conoco, like many of its peers, has seen results steadily improve in recent quarters alongside commodity prices and as better technology makes operations more efficient.The company’s stock has also risen as it has prioritized share...Read More
While not exactly a "State-Of-The-Union" address this week, the London Metal Exchange's Update Forum in London - open to all - was a useful pit-stop event on what is gearing up to be a busy few months in its unfolding Strategic Pathway. On a widespread and varied menu, LME decisionmakers outlined current thinking and plans across the board. Among these are a couple of potentially tricky initiative...Read More