Steel mills in India are increasingly tapping the global market for iron ore as they find it difficult to transport the key raw material from local mines, and demand for the metal surges in response to the government's ambitious plans to build out the nation's infrastructure.China is going to reach a tipping point soon, fortunately, India is waiting in the wings."Today, India is a net importer of...Read More

(Reuters) - U.S. stocks opened broadly lower on Wednesday, as Treasury yields rose after data showed U.S. producer prices climbed last month, suggesting there was no relief on inflation pressures.The S&P 500 .SPX opened lower by 6.44 points, or 0.22 percent, at 2,873.90. The Nasdaq Composite .IXIC dropped 43.94 points, or 0.57 percent, to 7,694.08 at the opening bell. The Dow Jones Industr...Read More

WASHINGTON (Reuters) - China is waging an unprecedented campaign to influence American public opinion as November congressional elections approach, U.S. Homeland Security Secretary Kirstjen M. Nielsen said on Wednesday.“China absolutely is on an unprecedented - or exerting unprecedented effort to influence American opinion,” Nielsen told a Senate panel. “We have not seen to date...Read More

(Kitco News) - Gold prices are trading steady to slightly up in late-morningaction Wednesday. The precious metal has erased modest early losses and isseeing a bit of safe-haven demand as the U.S. stock market sees solid sellingpressure. The U.S. dollar index has also backed down from its daily high and isnow trading weaker on the day, which is also working in favor of the metalsmarket bulls. Dece...Read More

TapImmune's breast cancer vaccine will be studied at the Mayo ClinicNeovasc Inc (NASDAQ:NVCN) is up 35.6%% to trade at $3.31, one of the best stocks on the Nasdaq this morning, after the medical device maker's Reducer was granted breakthrough status by the Food and Drug Administration (FDA). Neovasc's Reducer is an implantation used to treat refractory angina. Neovasc stock is now on track for it...Read More

(Kitco News)- U.S. bond yields could be capped fornow at their recent seven-year high, but that doesn’t mean that gold is out ofthe woods just yet.Analysts note that higher bondyields are keeping a lid on gold as prices remain below $1,200 an ounce.December gold futures last traded at $1,192, relatively flat on the day.Meanwhile, the U.S. 10-year bond yield last traded at 3.22%. In an emaile...Read More

(Kitco News) - U.S. bond yields could be capped for now at their recent seven-year high, but that doesn’t mean that gold is out of the woods just yet.Analysts note that higher bond yields are keeping a lid on gold as prices remain below $1,200 an ounce. December gold futures last traded at $1,192, relatively flat on the day. Meanwhile, the U.S. 10-year bond yield last traded at 3.22%. In an...Read More

One company could be positioning itself to take over the cloud market.Both cloud computing and blockchain technology has changed the way modern society operates.Today the global public cloud market is nearing a colossal $200 billion and is growing at a 22% annual rate.Did you ever think in 2006 that Amazon Web Services would be the beast that it is today? The cloud computing division of Amazon is...Read More

OSLO/RIO DE JANEIRO Oct 9 - Norsk Hydro said on Tuesday it has won permits from Brazilian authorities to restart operations at half capacity at its Alunorte alumina refinery, the world's largest, though employment for its 4,700 workers is not guaranteed over the long-term.Alunorte is expected to be able to ramp up to 50 percent production within two weeks.The resumption is the latest twist in a mo...Read More

WASHINGTON (Reuters) - U.S. producer prices increased 0.2 percent in September, reversing an unexpected decline in August and in line with expectations.A rise in services prices offset a slight drop in prices for goods, including a 3.5 percent drop in gasoline prices. Final demand prices had fallen 0.1 percent in August. In the 12 months through September, the producer price index rose 2.6 percent...Read More

NEW YORK (Reuters) - U.S. mortgage applications declined last week as home borrowing costs climbed to their highest levels in over seven years, propelled by a spike in bond yields during last week's market selloff, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group said its seasonally adjusted gauge on consumer requests for a loan to buy a home and to refinance...Read More

Alibaba stock has been struggling since a late-June bear gapChinese internet stock Alibaba Group Holding Ltd (NYSE:BABA) is taking a hit in early trading, after suffering no fewer than three price-target cuts from analysts. Most notably, both Morgan Stanley and Raymond James cut their respective price targets to $220 and $260, with the latter citing online sales and near-term due to negative macr...Read More

"More than 3,800 unique and aggregated datapoints, and over 30,000 words of analysis, discussion and thought leadership have been included in this year's 2018 #WorldRiskReport. Download a free excerpt: https://t.co/RQ4Mysts45 @MaplecroftRisk"Read full newsRead More

LONDON (Reuters) - The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic.Oil has rallied this year on expectations the sanctions, coming into force on Nov. 4, will test the ability of the Organization of the Petroleum Exportin...Read More

SYDNEY, Oct 10 (Reuters) - Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September from a month earlier, port data released on Wednesday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 37.4 million tonnes in September, up from August's 35.5 million tonnes, according to the Pilbara Ports Authority.Total September iron ore s...Read More

WASHINGTON (Reuters) - Former New York City Mayor Michael Bloomberg rejoined the Democratic Party on Wednesday, going back to his political roots weeks before the Nov. 6 congressional elections and amid speculation that he might run for the White House in 2020.Bloomberg, the billionaire founder and chief executive of global media company Bloomberg LP, said in a post on social media he was re-regis...Read More

Travelers will be selling discounted home security products on AmazonTravelers Companies Inc (NYSE:TRV) is grabbing headlines thanks to news of a partnership with Amazon.com (AMZN) that will allow the insurance giant to sell home security products to customers on the e-commerce site. TRV shares closed Tuesday's session at $131.59, right near the 320-day moving average and well below their January...Read More

LONDON, Oct 10- Polish miner KGHM, one of the world's leading copper producers, is focusing on shoring up its balance sheet rather than any early return to dividends, its new CEO said.Marcin Chludzinski, who was named chief executive in June, said he will deliver an updated strategy for the company by the end of the year.But after shareholders in July approved the company's decision not to pay a...Read More

LONDON, Oct 10- Polish miner KGHM, one of the world's leading copper producers, is focusing on shoring up its balance sheet rather than any early return to dividends, its new CEO said.Marcin Chludzinski, who was named chief executive in June, said he will deliver an updated strategy for the company by the end of the year.But after shareholders in July approved the company's decision not to pay a...Read More

Globally, a trade war likely will have limited impact on theindustrial use of silver, says the consultancy Metals Focus. Analysts offeredthe assessment after the International Monetary Fund this week downwardlyrevised its forecast for global economic growth in 2018 and 2019 due mainly tothe U.S.-China trade war. Generally, investors have shrugged off trade-warfears, as reflected by a strong stock...Read More