The world's biggest miner BHP said on Wednesday its first quarter iron ore production rose 8% on a year earlier as it ramps up output to meet persistent strong demand in China.BHP's iron ore output rose to 69 million tonnes during the three months ended Sept. 30, compared with 64 million tonnes a year ago. That came in line with UBS's estimate of 68.8 million tonnes.The Anglo-Australian miner main...Read More
The Nasdaq outperformed alongside a bounce in techU.S. stocks closed significantly higher in today's trading, with bullish sentiment stoked by impressive corporate earnings. Specifically, a strong post-report rally from UnitedHealth (UNH) helped send the Dow more than 567 points higher at its intraday peak, while traders also cheered results from big-cap names like Goldman Sachs (GS) and Johnson &...Read More
BRUSSELS (Reuters) - The European Central Bank has reached a preliminary decision to revoke the license of Malta’s Pilatus Bank after its chairman was charged with money laundering, two ECB officials told Reuters, though legal hurdles remain.The bank was accused of processing corrupt payments for the Azeri and Maltese leadership by investigative journalist Daphne Caruana Galizia, who was kil...Read More
(Reuters) - U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.Wall Street’s three major indexes gained more than 1.5 percent each, with the Nasdaq up well over 2 percent.Technology, which sold off heavily in the recent pullback, led the gains as...Read More
RIO DE JANEIRO, Oct 16 - Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020, Vale's chief executive said on Tuesday.Samarco halted operations in late 2015 after one of its dams collapsed, killing 19 people and causing one of Brazil's worst ever environmental disasters. The incident happened when the da...Read More
GROUNDBIRCH, British Columbia (Reuters) - At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada’s nascent liquefied natural gas export industry could be a climate time bomb.The Groundbirch project, perched above Canada’s richest shale gas...Read More
"Initial Prospecting at Pacton's Friendly Creek in the Egina Area of the Pilbara Identifies Gold Nuggets https://t.co/R79ayLJijg"Read full newsRead More
Further to the TSX Venture Exchange (theRead full newsRead More
I chimed in on the capriciousness of copper in the late spring (Mercenary Musing, May 28, 2018).Since then, copper prices hit a 3.5 year high at $3.29/lb in early June but then lagged over the summer months. Weakness continues unabated with Friday's close at $2.86 equating to a 13% loss from its ephemeral high in June:Strong demand from China includes an all-time record for concentrate imports in...Read More
I chimed in on the capriciousness of copper in the late spring (Mercenary Musing, May 28, 2018).Since then, copper prices hit a 3.5 year high at $3.29/lb in early June but then lagged over the summer months. Weakness continues unabated with Friday's close at $2.86 equating to a 13% loss from its ephemeral high in June:Strong demand from China includes an all-time record for concentrate imports in...Read More
"Aben Announces Analytical Results from First-Pass Drilling at the South Boundary Zone at the Forrest Kerr Project in BC's Golden Triangle @Aben_ABN https://t.co/TTWlOOZGIf"Read full newsRead More
(Reuters) - Goldman Sachs (GS.N) will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon’s task to boost revenue by $5 billion by 2020.Stock trading and equity underwriting helped Goldman top profit estimates in the third quarter, the first for Solomon, who aims to reduce the ba...Read More
WASHINGTON (Reuters) - Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday.The regulator’s warning came in the form of a report on its investigation to assess whether nine companies that had been victims of cyber-related frauds had sufficient internal accounting controls in place...Read More
(Kitco News) - Australian scientists are proposing to launch a satellite that would be able to look 300?km (186 miles) beneath the Earth’s surface, unlocking “Australia’s hidden mineral wealth,” according to the Australian Academy of Science's National Committee for Earth Sciences.This kind of “downward-looking telescope” would completely change the exploration...Read More
(Kitco News) - Australian scientists are proposing to launch a satellite that would be able to look 300?km (186 miles) beneath the Earth’s surface, unlocking “Australia’s hidden mineral wealth,” according to the Australian Academy of Science's National Committee for Earth Sciences.This kind of “downward-looking telescope” would completely change the exploration...Read More
"Signature Resources Announces That All Core Samples From Its 2018 Diamond Drill Campaign Have Been Received at SGS' Lab in Red Lake, Ontario https://t.co/YCn83sd1Xk"Read full newsRead More
"North Bud Farms Provides a Corporate Update -- @northbudco #NBUD $NBUD #MarijuanaStocks #CSE #BNN #MarijuanaStocks #Potstocks #hemp #CBD #smallcap #cannabis #THC #medicalmarijauna -- Read the News Release here: https://t.co/VOHAvKzuTQ"Read full newsRead More
"Gabriella's Kitchen (@gabriellaskitch) (#CSE: $GABY) Completes Acquisition of The Oil Plant, Securing Foothold in California #Cannabis Market [https://t.co/zvtrwRSqF2]#POTstocks #investing #stocks #stockmarket #trading #investors #news #investing #business #investments"Read full newsRead More
The cloud stock was off as much as 14% earlierThe shares of Twilio Inc (NYSE:TWLO) are sinking today, after the cloud developer said it is buying mass emailing specialist SendGrid (SEND) in an all-stock deal valued at roughly $2 billion. After surrendering as much as 14% in early trading -- sending it straight to the short-sale restricted (SSR) list -- TWLO stock was last seen down 3.9% at $73.20....Read More
Near-term MTCH options are pricing in low volatility expectations at the momentOnline dating name Match Group Inc (NASDAQ:MTCH) has put in a strong performance this year, up almost 72%. More recently, the stock pulled back during last week's broad-market sell-off, but found support near $50, which is home to its April highs. The shares quickly recovered -- gaining 1.9% on Thursday, when the Nasdaq...Read More