(Reuters) - U.S. stocks fell on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting.Shares of IBM dropped 6.3 percent after the company’s quarterly revenue fell more than expected, pointing to a bumpy recovery for the member of t...Read More

(Reuters) - Banks, including underwriters of SoftBank Group’s (9984.T) initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter.Reuters reported earlier this month that SoftBank had picked up five investment banks, including units of Nomura Holdings Inc (8604.T) and Goldm...Read More

Mr. Derek White reportsASCOT COMPLETES ACQUISITION OF THE PREMIER PROPERTY Ascot Resources Ltd. has completed the previously announced purchase of the Premier property held by Boliden Ltd., which is located in Stewart, B.C.Derek White, president and chief executive officer of Ascot Resources, commented: "We are pleased to have successfully closed this transaction and look forward to the successful...Read More

Mr. Derek White reportsASCOT COMPLETES ACQUISITION OF THE PREMIER PROPERTY Ascot Resources Ltd. has completed the previously announced purchase of the Premier property held by Boliden Ltd., which is located in Stewart, B.C.Derek White, president and chief executive officer of Ascot Resources, commented: "We are pleased to have successfully closed this transaction and look forward to the successful...Read More

BHP Billiton Ltd. is boosting sales of the top-quality nickel that's needed for electric vehicle batteries, another sign the world's biggest miner is targeting more opportunities in the booming sector.Sales of refined nickel, a category that includes the premium products used for battery production, jumped 18 percent in the three months to Sept. 30 from a year earlier, according to a statement Wed...Read More

Mr. Stephen Nano reports MIRASOL SIGNS AGREEMENT WITH HOCHSCHILD MINING FOR OPTION TO JOINT VENTURE ON THE INDRA PRECIOUS METALS PROJECT, CHILEMirasol Resources Ltd. has signed a binding letter agreement for the Mirasol's Indra epithermal precious metals project in Chile with Hochschild Mining PLC.As detailed in Mirasol's Aug. 29, 2018, press release, the agreement gives Hochschild the right to ac...Read More

Mr. Stephen Nano reports MIRASOL SIGNS AGREEMENT WITH HOCHSCHILD MINING FOR OPTION TO JOINT VENTURE ON THE INDRA PRECIOUS METALS PROJECT, CHILEMirasol Resources Ltd. has signed a binding letter agreement for the Mirasol's Indra epithermal precious metals project in Chile with Hochschild Mining PLC.As detailed in Mirasol's Aug. 29, 2018, press release, the agreement gives Hochschild the right to ac...Read More

NEW YORK (Reuters) - Financial technology startups and other new entrants are making inroads in the U.S. banking market, but have yet to capture a threatening share of bank revenues, according to research published by Accenture Plc (ACN.N) on Wednesday.Around 19 percent of financial institutions in the U.S. are new entrants, such as challenger banks, non-bank payments institutions and big tech com...Read More

BERLIN (Reuters) - A hard Brexit could ground UK flights for up to three weeks but would be survivable for Ryanair (RYA.I), the Irish budget airline’s CEO Michael O’Leary said ahead of a meeting of European Union leaders in Brussels on Wednesday.“You can ground aircraft for a week, two weeks, three weeks. It would be very painful,” O’Leary told Reuters in Berlin. &ldq...Read More

WASHINGTON (Reuters) - The U.S. Trade Representative’s office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan.Under fast-track rules, the United States cannot start talks with the EU, Japan and the United Kingdom until 90 days after notifying Congress.“We will continue to expand U.S. trade and investment by negotiating trade...Read More

LONDON (Reuters) - Sterling weakened on Wednesday after data showed inflation fell more than expected in September and before a European Union summit at which Britain will try to unblock stalled negotiations for a Brexit deal.Economic data had briefly redirected traders’ attention towards the British economy and away from Brexit this week after figures on Tuesday showed the strongest wage gr...Read More

Alio Gold sells its non-core Nevada assets to Coeur Mining.Coeur gets a large land package close to its Rochester mine.The properties contain low-grade resources of 2.44 million toz gold and 36.5 million toz silver.Alio gets $19 million in Coeur's shares.Alio Gold (ALO) today announced the sale of its non-core Nevada assets to Coeur Mining (CDE). Alio will sell its Lincoln Hill Project, Wilco...Read More

Gold buyers in India, the biggest market after China, may give jewelry stores a miss in the run-up to the Diwali festival this year because of a surge in domestic prices to the highest level in more than two years. Shares of the country's biggest listed jewelers tumbled on Wednesday.Bullion has climbed in local markets because of a weak rupee, and rising prices just before the celebrations of Diwa...Read More

These Top 10 lowest cost gold mines are all below all-in-sustaining costs (AISC) $550/oz level and will prove profitable - even if the price falls 50%.Mining Intelligence looked at costs at primary gold mines and found 10 operations that would still make money, even if gold halves in value from today's levels. AISC metrics has been taken as a basis of comparison and ranking.Since the World Gold C...Read More

(Kitco News) - Gold may have a hard time making much forward tractionin the months ahead but at some point should gain upward momentum in 2019 asthe U.S. dollar loses some of its strength, said Metals Focus Wednesday. The consultancy provided a summary from its reporttitled “Precious Metals Investment Focus 2018/2019,” which covers gold, silver,platinum and palladium. The report is bei...Read More

(Kitco News) - Gold may have a hard time making much forward traction in the months ahead but at some point should gain upward momentum in 2019 as the U.S. dollar loses some of its strength, said Metals Focus Wednesday. The consultancy provided a summary from its report titled “Precious Metals Investment Focus 2018/2019,” which covers gold, silver, platinum and palladium. The report is...Read More

LONDON/DUBAI (Reuters) - OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said.Proposed U.S. legislation known as “NOPEC”, which could open the group up to anti-trust lawsuits, has long lain dormant, with previou...Read More

ST JOHN’S, Newfoundland/TORONTO (Reuters) - Canada became the first industrialized nation to legalize recreational cannabis on Wednesday, but a lawful buzz will be hard to come by in its biggest cities like Toronto and Vancouver, which will have no stores open.Weed enthusiasts in Newfoundland and Labrador, Canada’s easternmost province, kicked off the first permissible sales at midnigh...Read More

Oct 17 (Reuters) - BHP has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday."We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the n...Read More

Oct 17 (Reuters) - BHP has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday."We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the n...Read More