LONDON, March 27 (Thomson Reuters Foundation) - What does the world spend about 25 billion dollars on each year, only to throw it away?The answer is chewing gum. It is a blight on city streets, expensive for local authorities to deal with, and takes a heavy toll on the environment, according to its critics.But one woman in Britain is performing modern-day alchemy on it.“When I started to loo...Read More
The latest news and price moves to start the Asian day on Wednesday March 28.Aluminium and nickel bucked the trend of mostly higher base metals prices on the London Metal Exchange on Tuesday March 27. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex copper prices recovered Tuesday morning in the United States after collapsing the prev...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 27. Base metals prices on the London Metal Exchange were higher across the board during morning trading. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US...Read More
TORONTO (Reuters) - The Canadian federal agency charged with protecting privacy rights of individuals said on Tuesday that it has contacted its counterpart in British Columbia to discuss the provincial office’s review of AggregateIQ.“We have been in contact with our provincial counterpart in British Columbia, which has been examining matters related to AggregateIQ,” Valerie Lawto...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Tuesday March 27.Base metals prices on the Shanghai Futures Exchange rebounded during Asian morning trading on Tuesday, buoyed by a weaker dollar and an improvement in risk appetite after fears of an escalation in tensions between the United States and China receded.Check Metal Bulletin's l...Read More
Listening to hysterical commentary from the mainstream media about President Trump's tariff proposals, one would think his policies were in violation of the U.S. Constitution. Nothing could be further from the truth.In fact, tariffs are as American as apple pie.America grew rich and powerful from 1787-1962, a period of 175 years, using tariffs, subsidies and other barriers to trade to nurture dome...Read More
FRANKFURT (Reuters) - European lawmakers are urging the European Central Bank’s President Mario Draghi to investigate Maltese banks and their supervisors after the arrest of Pilatus Bank’s chairman on charges of breaking U.S. sanctions.Ali Sadr Hashemi Nejad was accused in an indictment filed in a federal court in Manhattan of involvement in a scheme to evade U.S. economic sanctions ag...Read More
On Thursday, March 22, the trade war that has been brewing between China and the U.S. broke into full-scale combat.President Trump signed an executive order pursuant to Section 301 of the Trade Act of 1974. This order imposed $50 billion of penalties and tariffs on Chinese exports to the U.S.I have described this as the "nuclear option."Within hours, China fired back. China imposed tariffs on $3 b...Read More
MOSCOW (Reuters) - Moscow will respond appropriately to the U.S. expulsion of Russian diplomats and closure of the Russian consulate in Seattle, Russia's Foreign Ministry said on Tuesday, RIA news agency reported.The United States said on Monday it would expel 60 Russian diplomats, joining governments across Europe in punishing the Kremlin for a nerve agent attack on a former Russian spy in Britai...Read More
NEW YORK (Reuters) - Puerto Rico’s Government Development Bank, the island’s insolvent former fiscal agent now in wind-down mode, has tweaked its $5 billion debt restructuring deal to help keep small towns afloat six months after Hurricane Maria.Governor Ricardo Rossello’s office said in a statement on Tuesday that the bank, known as the GDB, will allow towns to offset any loans...Read More
No one plans on becoming incapacitated. That only happens to the other guy. But the hard truth is that the older we get the more likely we'll suffer some loss of mental capacity.In fact, the American Speech-Language-Hearing Association cites says the risk of developing Alzheimer's doubles every five years once you hit 65.Once you get to age 85+, between 25% and 50% of people will exhibit signs of...Read More
(Adds comment, updates throughout)By Richard Mably and Yara BayoumyNEW YORK, March 27 (Reuters) - Saudi Arabia and Russia areworking on a historic long-term pact that could extend controlsover world crude supplies by major exporters for many years tocome.Saudi Crown Prince Mohammed bin Salman told Reuters thatRiyadh and Moscow were considering a longer deal to extend ashort-term alliance on oil cu...Read More
“Democracy is the theory that the common people know what they want and deserve to get it good and hard," said Baltimore's own H.L. Mencken.The American people are about to get it - good and hard...The president signed a budget-busting $1.3 trillion "omnibus" spending bill Friday - the second largest ever of its kind.American democracy will glory in even more spending... even more boondoggle...Read More
LONDON (Reuters) - A Cambridge Analytica whistleblower said on Tuesday that Canadian company AggregateIQ worked on software called Ripon which was used to identify Republican voters ahead of the 2016 U.S. presidential election.AggregateIQ did not immediately respond to request for comment on the remarks by Christopher Wylie, a whistleblower formerly of British political consultancy Cambridge Analy...Read More
The meeting will assess current market practices with respect to identified gold related documentation and products. Discussions will be held with the aim to inform and obtain input from key stakeholders including regulators, financial institutions, law firms, exchanges, industry associations and Shari’ah scholars on standardised product documentation through a series of discussions includin...Read More
WASHINGTON/BEIJING (Reuters) - Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors in negotiations to avoid plans to slap tariffs on a host of Chinese goods and a potential trade war.A person familiar with the discussions said these were among the asks from Treasury S...Read More
(This version of the March 26 story corrects paragraph 24 to remove reference to ISBA suspending adverts)By David ShepardsonWASHINGTON (Reuters) - The leading U.S. consumer protection regulator and attorneys representing 37 states stepped up pressure on Facebook Inc (FB.O) on Monday to explain how the social network allowed data of 50 million users get into the hands of a political consultancy.The...Read More
(Reuters) - U.S. stock index futures rose on Tuesday, adding to Wall Street’s sharp rebound on Monday, as fears of a trade war between the United States and China eased.All three major U.S. indexes ended up more than 2 percent on Monday following reports that the United States and China were willing to renegotiate tariffs and trade imbalances.Global markets were rattled last week after Presi...Read More
Risk assets jump on reports of U.S.-China trade talks Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a...Read More
HANOI/HONG KONG (Reuters) - Dozens of Chinese naval vessels are exercising this week with an aircraft carrier in a large show of force off Hainan island in the South China Sea, satellite images obtained by Reuters show.The images, provided by Planet Labs Inc, confirm a Chinese carrier group has entered the vital trade waterway as part of what the Chinese navy earlier described as combat drills tha...Read More