China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More
I've been writing about the rising consumer debt delinquency and default rates for a few months. The "officially tabulated" mainstream b.s. reports are not picking up the numbers, but the large credit card issuers (like Capital One) and auto debt issuers (like Santander Consumer USA) have been showing a dramatic rise in troubled credit card and auto debt loans for several quarters, especially in...Read More
David Lawder, Michael MartinaWASHINGTON/BEIJING (Reuters) - The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it "takes two to tango."(Graphic: U.S. trade in goods wi...Read More
WASHINGTON (Reuters) - The United States and China should avoid a trade war, China’s Ambassador to the United States Cui Tiankai said on Wednesday, stressing that Beijing’s preference was to resolve the dispute through negotiations.“Negotiation would still be our preference but it takes two to tango,” Cui told reporters after an hour-long meeting at the State Department wit...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
John Walcott, Jonathan LandayWASHINGTON (Reuters) - The United States plans to sanction Russian oligarchs this week under a law targeting Moscow for meddling in the 2016 U.S. election, sources familiar with the matter said on Wednesday, in potentially the most aggressive move so far against the country’s business elite.The action, which could affect people close to President Vladimir Putin,...Read More
Last month, Medallion Resources (MDL.V) announced it successfully completed additional test work aiming at producing a cerium-depleted REE concentrate. This is a major step forward for the company as the low-value cerium was dragging down the total value per kilogram of REE concentrate.Now the new test results and flow sheet have indicated it is indeed possible to substantially reduce the cerium c...Read More
CloseGain/LossGold $1333.40+$1.70Silver$16.31-$0.11XAU80.84 -0.47%HUI 175.18-0.37%GDM 610.01-0.63%JSE Gold1093.05-11.82USD90.13-0.09Euro122.86+0.20Yen93.67-0.17Oil$63.37-$0.1410-Year2.806%+0.021T-Bond145.50-0.21875Dow24264.30 +0.96%Nasdaq 7042.11+1.45%S&P 2644.69+1.16% The Metals: Gold gained $16.40 to $1348.10 at about 9AM EST before it slid back lower into the close, but it still e...Read More
Gold has recouped Tuesday’s losses as atrade war between the U.S. and China escalates, says INTL FCStone. After abrief respite in tensions, the U.S. listed items on which it will impose duties,and China responded by doing the same 11 hours later on 106 products, includingsome agricultural commodities. Copper, oil and the dollar index are all lower,although the decline in the greenback is &ld...Read More
- Civil rights leader Martin Luther King Jr. assassinated 50 years ago today- An anti-war campaigner, protesting against the damage inflicted by military operations- King was almost prophetic in his vision that wars would drive a bigger wedge between rich and poor- Foresaw the damage that would come to US in terms of costs to society and the economy- Fifty years on Western nations can learn from...Read More
World markets are in a funk thismorning as the talk of trade wars and tariffs accelerate. China has retaliatedwith dollar-for-dollar tariffs, creating instability in the global equitymarkets. After rallying almost 400 points on Tuesday, the Dow is down 600points this morning.With all the volatility in theequity markets, the metals remain in the same consolidation pattern they havebeen in for month...Read More
In a comprehensive interview with Andrea Hotter in the April 2018 issue of Metal Market Magazine, Norilsk Nickel chairman Gareth Penny gave his predictions for electric and hybrid vehicle growth and how the company will move to maximize the value of its products. As the electrification of the global economy continues to increase demand for the metals that Norilsk produces, particularly nickel and...Read More
Wallbridge Mining Company Limited (TSX:WM), a resource junior, glistered after announcing agreements to deliver 10,870 ounces of goldSean Mason | April 4, 2018 | SmallCapPowerA multi-million-dollar gold delivery agreement propelled shares of a resource junior Wednesday. Here's some small stocks making big moves on Wednesday, April 4, 2018 (as of 4 pm EST):Wallbridge Mining Company Limited (TSX:...Read More
Drill-testing for gold in Ghana, West Africa. Source: Cardinal Resources Ltd.Cardinal Resources Ltd. [CDV-TSX, ASX; CRDNF-OTC] on Wednesday April 4 released an update in relation to Stage 1 appraisal programs over four exploration licenses in Ghana, West Africa.The first three exploration licenses are titled Bongo, Kungongo, and Ndongo. All three are located within the company's Bolgatanga Project...Read More
Howard SchneiderWASHINGTON (Reuters) - In attempting to punish China for its trade practices, President Donald Trump may open the door for other countries to grab U.S. market share, including Mexico and Japan, which he has also targeted with sharp trade rhetoric.According to detailed U.S. import data those nations are among the top alternate suppliers of some 1,300 product lines due to be hit with...Read More
Up Cannabis Inc., a wholly-owned subsidiary of Newstrike Resources Ltd. (TSXV:HIP), has obtained a producer's license to cultivate in its 160,000 sq. ft. greenhouse facility in NiagaraSmallCapPower | April 4, 2018: Newstrike Resources Ltd. (TSXV:HIP) Monday announced that its wholly-owned subsidiary and licensed producer of cannabis, Up Cannabis Inc., has obtained a producer's license to cultivate...Read More
The Chinese charge chrome index, spot ferro-chrome prices and the UG2 index all slipped on Friday March 30, following lower-than-expected April tender prices from major Chinese stainless steel mills, while ferro-chrome prices in the European and US markets were stable. Major stainless steel mills' April ferro-chrome tender prices lower Chinese charge chrome, spot ferro-chrome prices and UG2...Read More
Location map of the New Age Metals River Valley PGM Project near Sudbury, Ontario. Source: New Age Metals Inc.New Age Metals Inc. [NAM-TSXV; PAWEF-OTCQB] has signed a binding letter of intent with Avalon Development Corp., a company that is expected to provide acquisition and geological services to New Age Metals in Alaska.The services to be provided are as follows:Provide New Age with its extensi...Read More
WASHINGTON (Reuters) - China’s ambassador to the United States, Cui Tiankai, arrived at the U.S. State Department on Wednesday for talks with Acting Secretary of State John Sullivan amid a deepening U.S.-China trade dispute.Cui did not respond to reporters questions on arrival. State Department officials said the meeting had been set up before the United States announced new tariffs on Chine...Read More
Shares in Eldorado Gold Corp. rose by as much as 14 per cent on Wednesday after it announced that an arbitration panel had ruled in its favour in its dispute with the Greek government over its Madem Lakkos metallurgical plant.The panel rejected allegations that a technical study was deficient and was in violation of a transfer contract and the environmental terms of the project, the Canadian min...Read More