WASHINGTON (Reuters) - The latest U.S. proposal for updating NAFTA's automotive rules would carry a four-year phase-in to meet a higher, 75 percent regional value threshold as well as new labor content rules requiring substantial work at hourly wages of at least $16.A summary of the proposal, seen by Reuters and circulating among auto industry officials based on descriptions from Canadian and Mexi...Read More

Zinc Intraday – SELL Zinc at CMP 210.0 with SL Above 211.10 for Target 209 – 208.40AFTER POST CONTENT Read More

NEW YORK (Reuters) - Andra Capital, a U.S. technology fund, has raised $500 million in funding for a new digital currency that investors can use to back a group of late-stage venture capital (VC) firms, the firm’s managing partner Haydar Haba told Reuters.The new token is called Silicon Valley Coin (SVC), built on the Ethereum blockchain, representing investments in U.S. technology companies...Read More

John Peters, managing director at Strategic Minerals Plc (LON:SML), talks Proactive's Andrew Scott through their work programme to restart operations at the recently acquired Leigh Creek copper mine in South Australia.Peters also adds further detail around the announcement that they've suspended the minimum monthly tonnage requirement of 4,000 tons of magnetite to one of their customers at the Cob...Read More

It said in a statement over the weekend that a series of work stoppages in the March quarter, caused by industrial action by mining contractor employees, which then spread to other operations, would affect its ability to reach the mine's guidance.However, the company was "making a determined effort to recover most of the lost output", with operations back at full capacity. These efforts inclu...Read More

NEW YORK (Reuters) - Weaker-than-expected German data hurt the euro against the U.S. dollar on Monday, with investors further unwinding short positions on the greenback that were based on assumptions that the European Central Bank was nearer to unwinding its stimulus.German monthly retail sales unexpectedly dropped in March, dampening cheer around a consumer-led upswing in Europe’s biggest e...Read More

(Reuters) - Morgan Stanley (MS.N) is planning to raise salaries for junior bankers by as much as 25 percent, and offer them quicker promotions, Bloomberg reported, citing people familiar with the matter.The 20 percent to 25 percent pay raise for investment-banking associates will be the first in almost four years, and may differ by region, Bloomberg reported.Analysts will be promoted to associate...Read More

Directa Plus Plc (LON:DCTA) CEO Giulio Cesareo discusses with Proactive Investors their 2017 results as well as the award of an exclusive contract with an existing customer to develop a range of graphene-enhanced luxury accessories.The value of the exclusivity and the development agreement amounts to approximately ?,?130,000 and is expected to lead to a commercial contract.  Meet Peninsula Mi...Read More

Aluminium Tips – SELL Aluminium at CMP 148.65 for Target 147.80 – 147.10 with SL Above price 149.80 Trade with 2 lotsAFTER POST CONTENT Read More

Gold has fallen back below $1,320 per ounce at the start of a new trading week. “One factor weighing on its price remains the firm U.S. dollar,” Commerzbank says. “The signs of detente in the North Korean conflict are also contributing to the lack of solid demand for gold as a safe haven at present. Following the historic meeting between North Korean leader Kim Jong-un and South...Read More

(Reuters) - McDonald’s Corp (MCD.N) blew past analysts’ forecasts for profit and sales on Monday, helped by strength in overseas markets and U.S. consumers on average spending more in its restaurants.Shares in the world’s biggest fast food chain by revenue rose nearly 5 percent as global same-restaurant sales topped Wall Street forecasts, helped by strength in mature markets in t...Read More

Base metals on the London Metal Exchange were mixed at the close of trading on Monday April 30, with nickel dropping 1.5% from Friday. Nickel recorded a high-low range of $270, reaching a high of $13,940 per tonne during morning trading. With consolidation now firmly in place, nickel's three-month price is continuing to slide lower below the $14,000 per tonne support level. Despite this, sentiment...Read More

ATHENS (Reuters) - Greece has made an “enormous” reform effort since its debt crisis broke out and its international lenders must now grant the country debt relief, OECD chief Angel Gurria said on Monday.Gurria, who met Greek Prime Minister Alexis Tsipras in Athens, urged Greece to continue with reforms after its third international bailout expires in August.“I want to congratula...Read More

Spot demand for cobalt slowed in late April while availability of the material increased, leaving metal prices to move only slightly higher at the end of the month.Metal Bulletin's benchmark low-grade cobalt assessment closed the week at $43.70-44.45 per lb, in-warehouse, on Friday April 27, stable with the midweek assessment, and up from $43.55-44.45 per lb at the end of the previous week. Prices...Read More

Sluggish demand continued to put pressure on the antimony market in the week to Friday April 27, with little spot business taking place in Europe and China. Metal Bulletin assessed the MMTA standard grade II antimony, in-warehouse Rotterdam price at $8,150-8,300 per tonne on Friday, unchanged from the mid-week assessment when prices had also stayed stable. The trioxide grade antimony pri...Read More

LONDON (Reuters) - Sainsbury’s purchase of Walmart’s Asda can be beneficial for the economy and consumers but it is important that suppliers are treated fairly in the deal, a junior British business minister said on Monday.Sainsbury’s has agreed to buy Walmart’s Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market sha...Read More

(Reuters) - Marathon Petroleum Corp said on Monday it would buy rival Andeavor for more than $23 billion, forming a company that will leapfrog Valero Energy Corp as the largest independent U.S. refiner by capacity.The cash-and-stock deal marries operations that are broadly complementary in terms of geography as well as giving Marathon extra capacity in the U.S. light crude produced by a booming sh...Read More

Softening demand and delayed tenders from Chinese stainless steel mills weighed on prices and activity for the country's ferro-chrome and chrome ore markets. Strong imports of chrome ore into China added to bearishness Falling ferro-chrome prices weigh on charge chrome and UG2 Stability for South Korean and Japanese markets Trades show drop in European ferro-chrome US prices firm slightly on limit...Read More

The latest metal markets news and price moves to start the North American day on Monday April 30.Base metals prices on the London Metal Exchange were mixed during morning trading on Monday April 30, with aluminium and nickel continuing to dip from recent highs.Here's how base metals prices looked at 12:10 London time:Read our live futures report here.South Korea's Public Procurement Service h...Read More

BEIJING (Reuters) - Volkswagen AG (VOWG_p.DE), the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi’s services.As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be s...Read More