SEOUL, March 30 (Reuters) - Shares of Hyundai Mobis extended losses on Friday falling as much as 3.5percent on worries its parent group's restructuring plan willdisadvantage Mobis shareholders.Its affiliate Hyundai Glovis , which will acquiretwo divisions to be spun off from Hyundai Mobis, fell as much as6 percent, reversing their sharp gains on Thursday. Hyundai Mobis will spin off its domestic m...Read More
Nickel Carry Call – BUY Nickel April at CMP 853.50 for Target 865 – 870 with SL below price 845AFTER POST CONTENT Read More
Export prices for Brazil-origin slab have gone unchanged this week, with no volumes being booked, but there is still positive price sentiment among market participants.Metal Bulletin's weekly assessment of Brazil's export slab prices was $580-590 per tonne fob on Thursday March 29, stable from the previous week.No offers were made because mills have not started booking June-shipment material yet,...Read More
(Adds economist's quote, details on tariffs)* Feb output +4.1 pct m/m vs forecast +5.0 pct* Output seen +0.9 pct in March, +5.2 pct in April* Labour demand strengthens again in FebBy Stanley WhiteTOKYO, March 30 (Reuters) - Japan's industrial productionrebounded in February from a large decline in the previous monthand companies forecast further gains in coming months in a signthat factory output...Read More
Alan Broome, chairman of Strategic Minerals Plc (LON:SML), tells Proactive's Andrew Scott they're planning to carry out an initial exploration drilling programme at the Mount Weld tenements in Western Australia.Broome also discusses a recently completed Electromagnetic survey on their Hanns Camp project which has identified a significant conductor.Further field work of the area around this conduct...Read More
Some flat steel prices in Turkey's domestic and export markets went down slightly this week, although import prices were unchanged, market participants told Metal Bulletin on Thursday March 29.Local producers were fully booked until June.Domestic pricesHot-rolled coil (HRC) producers in Turkey have been offering material at $650-660 per tonne ex-works for late-May and early-June production, and a...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +1.2 pct, CSI300 +1.4 pct, HSI +0.2 pct* Shanghai->HK daily quota used 7.2 pct* Shenzhen->HK daily quota used 11.2 pct* CNY official close 6.289 per dollar* FTSE China A50 +2.1 pct, BNY Mellon ADR China Select Index +1.8 pctSHANGHAI, March 30 (Reuters) - Following is a list of recent corporate and policyannouncements, as well as other news that might a...Read More
Neil Crabb, chief executive of Frontier IP Group Plc (LON:FIPP) caught up with Proactive's Andrew Scott following the release of their half-year report.Frontier's portfolio includes AI drug researcher Exscientia which secured a ?,?15mln strategic investment from drug discovery company Evotec while foodtech company Nandi Protein raised ?1mln in the period.Crabb says they're seeing strong interest...Read More
Base metals prices on the London Metal Exchange were split into two camps at the close on Thursday March 29 ahead of the market shutting down for a long Easter weekend.The three-month aluminium price closed 1.5% lower as it hit a low of $1,996 per tonne - the lowest since August 8, 2017. "Aluminium therefore cost nearly $300 less than the multi-year high it achieved in early January. Almost all of...Read More
By Jonathan StempelNEW YORK, March 29 (Reuters) - HSBC Holdings Plc has agreed to pay $100 million to end private U.S. litigationaccusing it of conspiring to manipulate the Libor benchmarkinterest rate, becoming the fourth major bank to settle.The preliminary accord with "over-the-counter" investorsthat transacted directly with banks on a panel to determineLibor, or the London Interbank...Read More
Mike de Wit, president and chief operating officer of Tsodilo Resources (CVE:TSD), updates Proactive's Andrew Scott on progress at their BK16 kimberlite project in Botswana.He says they've done a geological study of the kimberlite pipe and have undertaken a bulk sampling programme on the property.Treatment of the samples began in January and they're now about 80% complete. Meet ANGLE plc, Fa...Read More
The latest news and price moves to start the Asian day on Friday March 30.Base metals prices on the London Metal Exchange were split into two camps at the close on Thursday March 29, with the market shutting down for a long Easter weekend. Read more here in our live futures report.Here are how LME prices looked at Thursday's close:The European secondary aluminium market is said to be in a sta...Read More
(Reuters) - There will be no Australia and New Zealand stockmarket report on Friday (March 30) and Monday (April 2) asfinancial markets in both countries will be closed for holidays.Reuters will resume coverage of Australia and New Zealandstock markets on Tuesday, April 3. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The aut...Read More
The latest metal markets news and price moves to start the North American day on Thursday March 29.Base metals prices on the London Metal Exchange were mostly higher during morning trading on Thursday March 29, with the market gearing up for a long weekend for Easter holidays. The LME will be closed on Friday March 30 to Monday April 2 inclusive.Lead and aluminium prices were the only base metals...Read More
Has the recent Facebook data scandal got you a little paranoid about sharing information on the internet?I don’t blame you. After all, Facebook has access to some of your most personal information.I’m talking about every message you’ve ever sent or been sent, every contact in your phone and even access to your computer’s camera and microphones.Now would you like to get a lo...Read More
TOKYO,March 30 (Reuters) - Japan's benchmark Nikkei average opened up 1.10 percent at 21,392.42 on Friday, while the broader Topix gained 0.82 percent to 1,718.03. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/OPEN 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 accu...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Thursday March 29.Base metals traded on the Shanghai Futures Exchange were broadly stronger during Asian morning trading on Thursday, with positive data from the United States overnight and a continued decline in geopolitical risk providing support.Check Metal Bulletin's live futures report...Read More
"Trump has been outfoxed," says one reader."He’s doing the foxing, just watch," counters another."I was a VP in the Trump Organization in New York," writes a third, adding with the unimpeachable authority of personal experience:"Our president was always the smartest guy in the room. He will prevail."Trump signed the massive $1.3 trillion omnibus spending bill Friday last, hard against a midn...Read More
March 30 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATECOUNTRYAUCTION DETAILS 3-AprBelgiumAuction of Treasury bills 3-AprJapan3-month discount bill auction 3-AprJapanAuction of 10-year government bonds 3-AprSpainAuction of 6- and 12-month Treasury bills...Read More
While the resurgence of human trafficking in war-torn Libya in recent years has occupied the headlines, trafficking in the UK has also Continue...Read More