The latest news and price moves to start the Asian day on Tuesday May 8.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Monday May 7, with the complex benefiting from a slight drop in the dollar index. There were no London Metal Exchange prices on Monday due to a bank holiday.The US Midwest aluminium premium was unchanged on May 4, with mark...Read More

May 7 (Reuters) - Canada's main stock index futures rose on Monday, helped by oil prices that touched their highest levels since late-2014 on the back of Venezuela's deepening economic crisis.June futures on the S&P TSX index were up 0.06 percent at 7:15 a.m. ET.No major economic indicators are scheduled for release.The Toronto Stock Exchange's S&P/TSX rose 107.93 points, or 0.69 percent,...Read More

The word “collusion” has come to be associated with Russia, Trump and the U.S. election.But my new book, Collusion: How Central Bankers Rigged the World,is about something entirely different and much more global:The collusion (or coordination) that the U.S. central bank (the Federal Reserve) forged with other major central banks to fabricate money in the wake of the 2008 financial cris...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday May 7. Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Monday, with the complex benefiting from a slightly easier dollar. The London Metal Exchange is closed today due to national holidays.Check Metal Bulletin's live futures report her...Read More

This weekend I traveled to Omaha, Nebraska for Berkshire Hathaway’s annual shareholder meeting.The event, known as the “Woodstock of Capitalism,” hosted an estimated 40,000 investors from all over the world who traveled to hear Warren Buffett and Charlie Munger speak on not only the current state of Berkshire Hathaway, but also on topics such as the broader stock market, the econ...Read More

LONDON (Reuters) - Oil prices rose to their highest levels since late-2014 on Monday, boosted by Venezuela’s deepening economic crisis and a looming decision on whether the United States will re-impose sanctions on Iran.Brent crude oil futures were at $75.67 per barrel at 1126 GMT, up 80 cents from their last close. Earlier in the session they touched their highest since November 2014 at $75...Read More

* Bond yields dip, market supported by ECB rate outlook* Oil prices jump, German industrial orders fall* Trade subdued due to London holiday* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, Italy political news)By Dhara RanasingheLONDON, May 7 (Reuters) - Euro zone government bond yields dipped on Monday as an unexpected fall in German industrial orders served as a remind...Read More

(Reuters) - Blackstone Group LP (BX.N) said on Monday it would buy Gramercy Property Trust (GPT.N), which is an asset manager of commercial real estate, in a deal valued at $7.6 billion in cash.The $27.50-per-share offer represents a premium of 15.4 percent to Gramercy Property’s close on Friday at $23.82.Reporting by Arunima Banerjee in Bengaluru; Editing by Bernard Orr Disclaimer: The vie...Read More

LONDON (Reuters) - A resurgent dollar and higher borrowing costs are smashing through Argentina and Turkey’s currencies like a wrecking ball and raising the likelihood more broadly that emerging markets’ three-year long interest rate cutting cycle is at an end.Emerging markets came into the year flying, riding on the back of a healthy global economy and rising commodity prices alongsid...Read More

LONDON/ZURICH (Reuters) - Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the world in a global alliance aimed at reinvigorating their coffee empires.The deal on Monday for a business with $2 billion in sales reinforces Nestle’s position as the world’s biggest coffee company tries to fortify its...Read More

ED&F Man Capital Markets Ltd has appointed Fred Demler as the company's executive vice president and global head of metals, the first time the international financial brokerage firm has created such a role. Demler, who will be based in New York, will be responsible for ED&F Man's global sales and trading staff, working with them to help service and develop the firm's growing client base. It marks...Read More

Iron ore futures on the Dalian Commodity Exchange have gained increasing influence over the physical market since listing in 2013. Their trading volume reached 657.49 million lots, or 65.749 billion tonnes in 2017, down 3.95% on the year, according to the exchange. China imported 1.075 billion tonnes of iron ore last year, a year-on-year increase of 5%, the National Bureau of Statistics reported....Read More

Singapore Exchange (SGX) achieved a record net profit in the January-March quarter of 2018, with revenue from the derivatives business rising on a year-on-year basis. The exchange posted a net profit of S$100 million ($75 million) in the March quarter, up 21% year on year. Revenue stood at S$ 222.2 million in the period, up 10% in an annual comparison. The derivatives business accounted for 41% of...Read More

The seaborne coking coal market was in a wait-and-watch mode on Monday May 7 after prices moved up last week amid robust buying activity from Chinese participants. "There is some demand for imported cargoes in China, especially as the downstream market is performing fairly well. But I do not see any significant reasons that will push the market to the $200 cfr China level," a steel mill sourc...Read More

China's domestic rebar prices dropped on Monday May 7 following falls in the billet market over the weekend. Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($629-637) per tonne, down 50-60 yuan per tonneNorthern China (Beijing): 3,890-3,940 yuan per tonne, widened down 20 yuan per tonneBillet prices dropped sharply during the weekend on high selling interest, which prompted rebar traders to c...Read More

China's domestic hot-rolled coil prices were mixed on Monday May 7, with the market in the east of the country in positive territory and that in the north, down.DomesticEastern China (Shanghai): 4,200-4,220 yuan ($660-663) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 4,050-4,070 yuan per tonne, down 30 yuan per tonneSpot prices edged up in the eastern market following the earlier gains...Read More

Peter KrauthThe price of gold fell to test $1,300 last week, as gold investors scrutinized the latest U.S. Federal Reserve meeting. But it's the dollar's strength that will determine gold prices, and I'll show you exactly why…The FOMC meeting concluded Wednesday (May 2), and Fed watchers were left trying to decipher the Fed's summary of its decision-making. Its statement introduced the word...Read More

Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More

The project has already received bipartisan support from 71 Idaho lawmakers.There is a mineral found in Stibnite that may be a strategic asset for the U.S. in its impending trade war with China.Midas Gold will likely be acquired for a healthy premium in the next 18-24 months.Midas Gold Corp. (OTCQX:MDRPF) is currently developing the Stibnite Gold Project in central Idaho and has been working with...Read More

Home to $36.58 billion in assets under management as of May 3, the SPDR Gold Shares GLD, +0.02% is the world's largest exchange traded fund backed by physical holdings of gold. While GLD remains the go-to choice among gold ETFs for many professional investors due to robust liquidity and tight spreads, it has been losing market share to lower costs rivals, such as the iShares Gold Trust IAU, +0.00%...Read More