(Reuters) - The initial public offering of Chinese game-streaming platform Huya Inc on the New York Stock Exchange was priced at $12 per share, a source familiar with the matter said on Thursday, at the upper-end of the indicated price range.Huya offered 15 million American Depository Shares (ADS), raising $180 million. The company had indicated a price range of $10-$12 each.Following the offering...Read More

Export prices for Brazilian steel slab material declined this week, with companies struggling to sell volumes to the United States after an annual quota was set in the wake of the northern country's Section 232 trade investigation.Metal Bulletin's weekly price assessment for Brazil export slab narrowed downward to $560-580 per tonne fob on Friday May 11, from $560-600 per tonne fob a week before.S...Read More

Via Sovereignman.comThe most powerful banker in the world, JPMorgan Chase CEO Jamie Dimon, just released his annual letter to shareholders.Behind Warren Buffett's annual missive, Dimon's letter is probably the most read and deliberated executive report out there.For one, Dimon is one of the most connected and respected men in finance.And given his bank's massive size (it earned $24.4 billion on $...Read More

Rio and Alcoa announced the formation of Montreal-based joint venture company, Elysis to develop and commercialise the process, in the presence of Canadian prime minister Justin Trudeau.A technology package is planned for sale starting in 2024, with it to be used to retrofit existing smelters or build new facilities.The patent-protected technology, developed by Alcoa, has been producing metal at t...Read More

(Reuters) - U.S. stocks posted slight gains on Friday as a rise in healthcare shares ahead of President Donald Trump’s speech on drug pricing more than made up for losses in Symantec and Nvidia.The president is expected to renew his focus on controlling prescription drug prices in a highly anticipated speech at 2:00 p.m. ET.“It’s relatively quiet in terms of drivers today. Trump&...Read More

Global ferrous scrap prices were mostly going higher during the working week ended Friday May 11 with prices beginning to climb out of the price trough.Turkish buyers were mostly on the market sidelines due to higher offers and sluggish demand, but a deal concluded at higher prices supported their negotiating position.Upticks in US ferrous scrap export prices to Turkey were capped by a large reduc...Read More

Jersey City Mayor Steven Fulop practically wiped out a couple’s retirement with the stroke of a pen.He decided to issue an executive order banning the demolition of any homes for six months.During those six months, Fulop wants the city council to pass new laws, “which will better protect the City’s culturally, historically and/or architecturally significant buildings and structur...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump will meet 10 major automakers at the White House on Friday to discuss the fate of landmark fuel efficiency standards and a looming confrontation with California and other major states.A draft proposal circulated by the U.S. Transportation Department would freeze requirements at 2020 levels through 2026, but the administration is not expected to fo...Read More

Prices for containerized shredded scrap imports into India went down this week with the weakness of the rupee against the dollar putting buying activity on hold, market sources told Metal Bulletin on Friday May 11.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $385.94 per tonne cfr Nhava Sheva on May 11, down by $4.79 week-on-week from $390.73 per tonne cf...Read More

On April 3rd the Department of Homeland Security posted an ad to FedBizOpps.gov (Federal Business Opportunities). That is the government’s website where they post contractor work.DHS is looking for “Media Monitoring Services.”They want a database with built-in search and alert features. The DHS is looking for something that they can search to see which publications, journalists,...Read More

LONDON (Reuters) - British regulators and Barclays (BARC.L) have fined the bank’s Chief Executive Jes Staley a combined 1.1 million pounds ($1.5 million) after he tried to identify a whistleblower who sent letters criticizing an employee of the bank.The Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority said on Friday they had together fined Sta...Read More

The latest metal markets news and price moves to start the North American day on Friday May 11.Base metals on the London Metal Exchange were mostly higher during morning trading, with aluminium the only metal trading lower."Despite a retreat in the dollar index and talks of peace in the Korean peninsula, overall sentiment in the base metals complex remains...Read More

Investors can be forgiven for thinking they hit the trifecta last Friday.The U.S. Bureau of Labor Statistics reported that unemployment had dropped to 3.9%, the lowest in almost 20 years.The Federal Reserve Bank of Atlanta reported that its widely followed GDP forecasting tool was showing projected growth for the second quarter of 2018 at 4%, exactly where Trump boosters like Larry Kudlow said it...Read More

People often tell themselves that they will start their new diet, new exercise regime, or their new life, tomorrow. Either they are too stressed with stuff today, or need one last day to relax before permanently making the change. Then tomorrow comes, and the cycle repeats. What is happening in cases such as these is referred to in philosophy as a conflict of volitions. Harry Frankfurt, a philosop...Read More

WASHINGTON (Reuters) - Mexico’s Economy Minister Ildefonso Guajardo said on Friday that there will be a trilateral NAFTA meeting at 1 p.m. Eastern Time with his U.S. and Canadian counterparts, even as he warned against rushing a new deal.“I have to make very clear (that) the quality of the agreement and the balance of the agreement has to be maintained. So we are not going to sacrifice...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday May 11.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday, with copper and nickel prices putting in the strongest performances of the complex, on the back of a weaker dollar.Check Metal Bulletin's live futures report here. LME snap...Read More

The market gods have stilled the troubled waters.The Dow Jones closed higher for the seventh straight day today.The index has surged some 1,300 points these past seven trading days.The S&P and the Nasdaq have followed in step.Wall Street's "fear gauge," VIX, has plunged below 13- its lowest reading since Feb. 1.Ten-year Treasury yields, meantime, have stabilized under 3%.“What we are get...Read More

South Hampton, NJ - One of the most disturbing videos illustrating the horrors of marijuana prohibition was released this week showing police officers handcuff an innocent man and publicly grope his genitals and probe his anus. The lengths the police state will go to prosecute otherwise innocent people for this plant were on full display as two New Jersey state troopers detained a man then humil...Read More

(Reuters) - Wall Street indexes opened little changed on Friday as losses in Symantec and Nvidia offset gains in healthcare and telecom sectors.The Dow Jones Industrial Average .DJI rose 19.11 points, or 0.08 percent, at the open to 24,758.64. The S&P 500 .SPX opened lower by 0.37 points, or 0.01 percent, at 2,722.70. The Nasdaq Composite .IXIC dropped 11.01 points, or 0.15 percent, to 7...Read More

Remember that old saying, “If you want something done right, you’ve got to do it yourself?”That’s something that retirees - and those of us who HOPE to retire comfortably - need to keep in mind. Because when it comes to planning for your retirement, no one is going to pay as close attention and be motivated to “do it right” than you!In some cases, retirees are b...Read More