BEIJING (Reuters) - China’s automobile sales fell 11.7 percent in October, bringing the world’s biggest car market closer to an annual contraction not seen since at least 1990.Data from the country’s top auto industry association released on Friday showed 10-month cumulative sales falling, amid broader slowing economic growth and a biting trade war between China and the United St...Read More

Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More

Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More

Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More

PARIS - Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto .The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. It said the term loan, secured on standard financial terms, provided for five years of committed funds.Liberty...Read More

The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans' massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October's brutal plunge proved. Such extreme revenue and earnings growth cannot persist, and valuations remain in dangerous bubbl...Read More

NFLX has struggled to recover from a rough OctoberThe shares of Netflix, Inc. (NASDAQ:NFLX) are down 3% to trade at $309.33 amid a flurry of headlines. First, Walt Disney (DIS) unveiled the details of its service that will be a direct competitor to Netflix. Plus, Nintendo said its Wii device won't be supporting the Netflix app next year. And to top it all off, the FAANG name is being sued by the...Read More

WASHINGTON (Reuters) - A federal appeals court that is weighing a legal challenge to Special Counsel Robert Mueller’s authority said Friday it wanted to know whether the sudden ouster of Attorney General Jeff Sessions could impact or change the outcome of how it should rule.The court’s order directed each party in the case to file briefs by Nov. 19 outlining, “what, if any effect...Read More

December crude futures briefly breached the $60-per-barrel mark earlierThe Dow Jones Industrial Average (DJI) is cutting into its impressive weekly gain today, as traders digest this morning's inflation data. Wall Street is also watching as oil prices sink further into bear market territory, with December-dated crude futures down 0.8% at $60.19 per barrel -- on track for their 10th straight declin...Read More

NEW YORK (Reuters) - General Electric Co (GE.N) said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.“GE is a fundamentally strong company with a sound liquidity position,” GE spokeswoman Jennifer Erickson said in a statement. “We are taking aggressive action to strengthen our balance sheet...Read More

(Kitco News) - Gold prices are trading solidly down and at a four-week low inlate-morning action Friday. Early losses have been extended on technicalselling pressure, including sell stop orders being triggered when key chartsupport levels were breached. Bearish "outside markets" today thatinclude a higher U.S. dollar index and lower crude oil prices are pressuringthe precious metals mar...Read More

(Kitco News) - Gold prices are trading solidly down and at a four-week low in late-morning action Friday. Early losses have been extended on technical selling pressure, including sell stop orders being triggered when key chart support levels were breached. Bearish "outside markets" today that include a higher U.S. dollar index and lower crude oil prices are pressuring the precious metal...Read More

WASHINGTON - The United States on Friday said it was postponing the enforcement of sanctions on Russian companies, Rusal and Gaz PAO for nearly four weeks as their top shareholder works on a plan to cut his stakes.U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2...Read More

NEW YORK (Reuters) - U.S. economy is growing at a 2.69 percent pace in the fourth quarter following this week's data on producer prices and job openings, the New York Federal Reserve's Nowcast model showed on Friday.This was faster than the 2.61 percent rate calculated by N.Y. Fed's program a week ago.Reporting by Richard Leong Disclaimer: The views expressed in this article are those of the auth...Read More

BERLIN (Reuters) - The two frontrunners to succeed Chancellor Angela Merkel as Christian Democrat (CDU) leader pitched for the support of women in the party on Friday after polling showed that views of Germany’s first female chancellor differed markedly by gender.Whoever wins the contest to succeed her at next month’s party congress will be in pole position to become chancellor of Euro...Read More

The SPY tends to do well after the Fed stands patThe Federal Open Market Committee (FOMC) concluded its two-day policy meeting yesterday, and the Fed's decision to stand pat on rates surprised no one. During the current tightening cycle, the stock market has done well a month after the Fed holds rates steady -- especially compared to after a rate hike -- and several stocks have typically outperfor...Read More

(Reuters) - China's State Administration of Taxation (SAT) is working with other government agencies to carry out tax reductions in a bid to support the private sector, the official Xinhua news agency reported.China's taxation authority will roll out targeted policies such as suggesting the local governments to give private firms a respite for paying taxes, SAT head Wang Jun told Xinhua in an inte...Read More

A tight copper market may be set to get a lot tighter, if a report this week from the world's biggest miner of the metal is any indication.Santiago-based Codelco posted the lowest quarterly copper production this year in the third quarter, according to Chile copper agency Cochilco. The company reported declines across all of its mines in September as ore grades fell an average of 5 percent in the...Read More

SOMME VALLEY, France (Reuters) - French President Emmanuel Macron and British Prime Minister Theresa May laid a wreath at a memorial in the Somme valley on Friday, honoring fallen World War One soldiers on the eve of the centenary of the war’s end.The Somme Offensive, waged in 1916, was intended to hasten a victory for the allies against the German empire, but after four months of trench war...Read More

   •  Resurgent USD demand kept exerting downward pressure on Friday.   •  Firming Fed rate hike expectations add to the ongoing bearish slide.   •  A slight deterioration in investors’ risk-appetite does little to lend support. Gold remained under some selling pressure for the sixth consecutive session on Friday and is currently pl...Read More