Recent News

EU backs Iran sanctions over foiled France attack plot: diplomats

November 19, 2018 / www.kitco.com

BRUSSELS (Reuters) - European Union foreign ministers on Monday endorsed a French government decision to sanction Iranian nationals accused of a bomb plot in France, potentially allowing the measures to take effect across the bloc, three diplomats said.The ministers said technical work could now start on an EU-wide asset freeze on two Iranians and the Iranian intelligence service over a failed plo...Read More

Danske whistleblower says big European bank handled $150 billion of payments

November 19, 2018 / www.kitco.com

COPENHAGEN (Reuters) - The whistleblower who revealed alleged money laundering involving Danske Bank (DANSKE.CO) said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved.Authorities in Denmark, Estonia, Britain and the United States are investigating payments totaling 200 billion euros ($228.5 billion) made through D...Read More

Great Bear Completes Purchase of 100% Royalty-Free Interest

November 19, 2018 / www.stockwatch.com

Mr. Chris Taylor reports GREAT BEAR COMPLETES PURCHASE OF 100% ROYALTY-FREE INTEREST IN DIXIE GOLD PROJECT, RED LAKE, ONTARIOGreat Bear Resources Ltd. has accelerated payments and completed its purchase agreements to earn a 100-per-cent royalty-free interest in its flagship Dixie project, located in the Red Lake district of Ontario.Great Bear now has 100-per-cent ownership of the 9,140-hectare pro...Read More

Great Bear Completes Purchase of 100% Royalty-Free Interest

November 19, 2018 / www.stockwatch.com

Mr. Chris Taylor reports GREAT BEAR COMPLETES PURCHASE OF 100% ROYALTY-FREE INTEREST IN DIXIE GOLD PROJECT, RED LAKE, ONTARIOGreat Bear Resources Ltd. has accelerated payments and completed its purchase agreements to earn a 100-per-cent royalty-free interest in its flagship Dixie project, located in the Red Lake district of Ontario.Great Bear now has 100-per-cent ownership of the 9,140-hectare pro...Read More

Copper output to spike in world's top producer Chile

November 19, 2018 / www.mining.com

Copper output in Chile, the world's top producer of the metal, is expected to increase 2% by the end of the year and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.According to the latest report by Fitch Solutions Macro Research, the main possible obstacle to the forecast production growth in Chi...Read More

Copper output to spike in world's top producer Chile

November 19, 2018 / www.mining.com

Copper output in Chile, the world's top producer of the metal, is expected to increase 2% by the end of the year and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.According to the latest report by Fitch Solutions Macro Research, the main possible obstacle to the forecast production growth in Chi...Read More

Credit Suisse Boards These 2 Airline Stocks

November 19, 2018 / www.schaeffersresearch.com

UAL also tends to outperform during Thanksgiving weekThis morning, Credit Suisse initiated coverage on airline stocks United Continental Holdings Inc (NASDAQ:UAL) and Alaska Air Group, Inc. (NYSE:ALK), doling out "overweight" ratings on both, as well as price targets of $113 and $81, respectively. The analyst in coverage also named the latter its top pick among U.S. airlines.At last check, UAL...Read More

Oil slips as pessimism over supply resurfaces despite OPEC pledge

November 19, 2018 / www.kitco.com

LONDON (Reuters) - Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.Brent crude futures were down $1.04 at $65.72 a barrel at 1447 GMT, having retreated from a session high of $67.64. WTI crude futures fell $1.03 to $55.43 a barrel.The Organization...Read More

Pound falls after PM May Brexit transition comments, large order

November 19, 2018 / www.kitco.com

LONDON (Reuters) - Sterling turned negative on Monday, with traders pointing to comments from Prime Minister Theresa May that an extension of the Brexit transition period was unlikely as the possible reason, as well as market talk of a large euro purchase.The pound fell as much as 0.3 percent to hit a day's low versus the dollar of $1.2796. The move came after May said she wanted any post-Brexit t...Read More

Gold ticks lower to $1220, though downside remains limited

November 19, 2018 / www.fxstreet.com

   •  Struggles to build on last week’s goodish rebound, despite a subdued USD demand.   •  Bullish traders also seemed rather unaffected by fading US-China trade optimism. Gold came under some fresh selling pressure at the start of a new trading week and eroded a part of Friday's strong up-move to over one-week tops.  The Fed Vice Chairman Ri...Read More

China National Coal signs 5 year supply contracts with state utilities

November 19, 2018 / www.mining.com

BEIJING - China National Coal Group agreed supply deals for thermal coal with six state power utilities that totalled more than 500 million tonnes to be delivered across five years starting from 2019, according to a report published on the website of the National Energy Administration on MondayUnder the agreements, China National Coal Group will supply in 2019 more than 97 million tonnes of coal t...Read More

Micron Stock Sinks on Chinese Antitrust Allegations

November 19, 2018 / www.schaeffersresearch.com

Investigators also pointed the finger at a pair of South Korean chipmakers, tooThe shares of Micron Technology, Inc. (NASDAQ:MU) are down 2.2% to trade at $38.58, after the Financial Times reported Chinese investigators alleged "massive evidence" of antitrust violations against the U.S.-based chipmaker, as well as South Korea's Samsung Electronics and SK Hynix. A Wall Street Journal report that Ap...Read More

EU's Barnier says draft Brexit deal is 'fair and balanced'

November 19, 2018 / www.kitco.com

BRUSSELS (Reuters) - The European Union’s Brexit negotiator Michel Barnier said on Monday the draft Brexit deal reached with London was “fair and balanced”, as the bloc haggled with Britain over any extension to the envisaged transition period.Barnier told a news conference after briefing the 27 national EU ministers that they generally approved of the draft divorce agreement rea...Read More

Zimbabwe to let gold, platinum mines retain higher dollar earnings

November 19, 2018 / www.mining.com

HARARE - Zimbabwe will allow gold and platinum mining companies to retain up to 55% of their earnings in dollars, government and central bank officials said on Monday, as authorities in the southern African nation move to ensure operators remain viable.Mining accounts for more than two-thirds of Zimbabwe's export earnings but the sector has seen some companies close due to a dollar crunch that has...Read More

Zimbabwe to let gold, platinum mines retain higher dollar earnings

November 19, 2018 / www.mining.com

HARARE - Zimbabwe will allow gold and platinum mining companies to retain up to 55% of their earnings in dollars, government and central bank officials said on Monday, as authorities in the southern African nation move to ensure operators remain viable.Mining accounts for more than two-thirds of Zimbabwe's export earnings but the sector has seen some companies close due to a dollar crunch that has...Read More

APEC fails to live up to its name amid U.S., China acrimony

November 19, 2018 / www.kitco.com

PORT MORESBY (Reuters) - The C in APEC stands for Cooperation. But when the two biggest members are fighting a trade war and using the forum to attack each other’s policies, it was always going to be hard work delivering on that.The weekend’s Asia-Pacific Economic Cooperation summit in Port Moresby was one of open disagreement, led by disputes between the United States and China over t...Read More

GE brings back former executive to troubled power business

November 19, 2018 / www.kitco.com

(Reuters) - General Electric Co is bringing back former vice chairman John Rice to the conglomerate as chairman of its revamped gas power business, the company said on Monday.GE also named Scott Strazik chief executive officer of the business and Russell Stokes the CEO of the power portfolio unit.Strazik is currently the president of GE's power services business and Stokes the CEO the power busine...Read More

South Africa's Barloworld in talks to buy a Caterpillar business

November 19, 2018 / www.mining.com

* Looking to bolster profitable equipment division* Iberian equipment business sold for $180 mln* Focus on acquisitions in construction and mining sectorsJOHANNESBURG - Barloworld Ltd is in talks to buy a business from Caterpillar Inc using proceeds from the sale of a unit earlier this year, the head of the South African equipment maker said on Monday.Barloworld sold its underperforming Iberian eq...Read More

Analysts Lower Expectations on Pharma Stocks IRWD and MDGL

November 19, 2018 / www.schaeffersresearch.com

Overall, analyst expectations are quite different on IRWD versus MDGLDrug stocks Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) and Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) have both been struggling on the charts in recent months, and Wall Street is reacting. That is, shares of IRWD and MDGL are dealing with bearish analyst notes this morning, which we'll discuss in more detail below.Starting with...Read More

SP Angel: Palladium Prices Remain Lofty On Strong Auto Demand

November 19, 2018 / www.kitco.com

Palladium,underpinned by demand from the auto sector, has hit a fresh record high of$1,179.40 an ounce for spot metal. “Pollution-limiting catalytic converter demand in China isboosting palladium consumption, drawing prices 9% higher this year,” says commoditiesbrokerage SP Angel. “The Asian nation is on a mission to reduce smog emissions,with tougher standards meaning car makers...Read More

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