LONDON (Reuters) - The European Union’s banking supervisor said on Monday it has begun preliminary inquiries into how Denmark’s financial watchdog supervised Danske Bank (DANSKE.CO), which faces a widening probe into suspected money laundering.“We are doing preliminary breach of union law inquiries on... the Danske bank case in Denmark,” European Banking Authority Chair And...Read More

(Kitco News) - Gold andsilver prices opened the U.S. day session by extending overnightlosses, and continue to hold the solid declines and are near daily lows inlate-morning action Monday. Gold has fallen back below the key $1,200.00 level.A stronger U.S. dollar index is prompting selling interest in the preciousmetals markets today, despite some keener risk aversion in the marketplace tostart the...Read More

SPOTSYLVANIA, Virginia (Reuters) - The last time U.S. congressional elections were held in this central Virginia district, Meg Sneed voted for the Republican incumbent, Representative Dave Brat. Her friend, Cheryll Lesser, did not vote at all.Last week, the two women sat in the second row at a campaign event in a martial arts studio listening to the Democrat running against Brat, Abigail Spanberge...Read More

LONDON (Reuters) - Europe’s largest retailer Carrefour SA (CARR.PA) has adopted blockchain ledger technology to track and trace chicken, eggs and tomatoes as they travel from farms to stores, and will deploy it across all of its fresh product lines in coming years.The French retail giant said it will rely on blockchain technology developed by IBM (IBM.N), which is working with a number of re...Read More

While Global Witness welcomes the London Metal Exchange (LME) commitment to introduce OECD-standard responsible sourcing requirements for its metal brands, it warns that the LME must ensure its members go beyond paper-based compliance activities to meaningfully change and improve supply chains and their impacts."Disrupting global trading patterns that link minerals and metals to conflict financin...Read More

While Global Witness welcomes the London Metal Exchange (LME) commitment to introduce OECD-standard responsible sourcing requirements for its metal brands, it warns that the LME must ensure its members go beyond paper-based compliance activities to meaningfully change and improve supply chains and their impacts."Disrupting global trading patterns that link minerals and metals to conflict financin...Read More

While Global Witness welcomes the London Metal Exchange (LME) commitment to introduce OECD-standard responsible sourcing requirements for its metal brands, it warns that the LME must ensure its members go beyond paper-based compliance activities to meaningfully change and improve supply chains and their impacts."Disrupting global trading patterns that link minerals and metals to conflict financin...Read More

(Bloomberg) - As the metals world descends on London this week, it seems everybody has something in common: they're all copper bulls.Speaking ahead of the annual LME Week gathering that starts Monday, more than a dozen commodity-focused hedge funds, trading houses, producers, banks and brokers were almost unanimously positive on the near-term outlook for the metal used in pipes and wires. Metals s...Read More

(Bloomberg) - As the metals world descends on London this week, it seems everybody has something in common: they're all copper bulls.Speaking ahead of the annual LME Week gathering that starts Monday, more than a dozen commodity-focused hedge funds, trading houses, producers, banks and brokers were almost unanimously positive on the near-term outlook for the metal used in pipes and wires. Metals s...Read More

The brokerage firm sees plenty of growth potential aheadCybersecurity stocks FireEye Inc (NASDAQ:FEYE), Palo Alto Networks Inc (NYSE:PANW), and Fortinet Inc (NASDAQ:FTNT) all just received a fresh round of analyst attention. Below we'll take a quick look at how shares of FEYE, PANW, and FTNT are trading today. Starting with FireEye, Wedbush raised its price target to $18 from $16, citing a seeming...Read More

SAO PAULO (Reuters) - Brazilian far-right presidential candidate Jair Bolsonaro, who narrowly missed a first-round presidential win yesterday, said on Monday on Twitter that he would reduce the number of ministries, privatize state companies and combat fraud in social programs if elected.The statement sheds some light on Bolsonaro's governmental agenda, which has remained hazy except for the appoi...Read More

JSC Almazy Anabara, a subsidiary of ALROSA, has extracted a 28.59-carat rough yellow diamond at the Ebelyakh placer deposit in Russia. Following an assessment, the color of the stone is defined as rare fancy intense yellow.It is the largest yellow rough diamond mined at ALROSA's deposits this year. In 2017, Almazy Anabaraalso extracted a 27.85-carat pure pink diamond - the largest pink stone in A...Read More

JSC Almazy Anabara, a subsidiary of ALROSA, has extracted a 28.59-carat rough yellow diamond at the Ebelyakh placer deposit in Russia. Following an assessment, the color of the stone is defined as rare fancy intense yellow.It is the largest yellow rough diamond mined at ALROSA's deposits this year. In 2017, Almazy Anabaraalso extracted a 27.85-carat pure pink diamond - the largest pink stone in A...Read More

BEIJING (Reuters) - China will increase export tax rebates from Nov. 1 and quicken export tax rebate payments to support foreign trade, the cabinet said on Monday, as a trade war with the United States escalates.The rise in export tax rebates will “help reduce costs for the real economy, help it cope with the complex international situation and maintain stable foreign trade growth”, th...Read More

Despite its long-term outperformance, analyst have been skeptical toward IRBTiRobot Corporation (NASDAQ:IRBT) is down 4.7% at $101.13 in early trading, after Piper Jaffray downgraded the Roomba maker to "neutral" from "overweight," and maintained its $90 price target -- a 14.4% discount to last Friday's close. In addition to concerns over the stock's valuation, the firm said trade tariffs could ne...Read More

(Kitco News) - Largespeculators maintained net bearish positioning in gold futures although theyscaled this back some during the latest reporting week for data compiled by theCommodity Futures Trading Commission.Duringthe week-long period to Oct. 2 covered by the report, Comex December gold uptickedby $1.90 to $1,207 an ounce, while December silver climbed 20 cents to $14.693.Net long or shortposi...Read More

(Kitco News) - Large speculators maintained net bearish positioning in gold futures although they scaled this back some during the latest reporting week for data compiled by the Commodity Futures Trading Commission.During the week-long period to Oct. 2 covered by the report, Comex December gold upticked by $1.90 to $1,207 an ounce, while December silver climbed 20 cents to $14.693.Net long or shor...Read More

LONDON (Reuters) - Scotland should have its own version of the Brexit “backstop” plan that the European Union and United Kingdom are trying to agree for the border with Ireland, Scottish leader Nicola Sturgeon said on Monday.The so called “backstop”, which seeks to find a way to avoid checks on the border between Northern Ireland and Ireland if there is no overall exit deal...Read More

SINGAPORE (Reuters) - Emerging markets were “as prepared as they can be” for changes to U.S. monetary policy as the Federal Reserve had been as “transparent” as possible, St. Louis Federal Reserve Bank President James Bullard said in Singapore on Monday.Some emerging markets have come under pressure this year as rising U.S. interest rates have drawn investors away, and due...Read More

SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) on Monday released a smart speaker designed to ease video calls, but the company’s history of privacy mishaps and the device’s price and limited functionality could slow it from taking on market leaders Amazon.com Inc (AMZN.O) and Alphabet Inc’s (GOOGL.O) Google.The device, known as Portal, comes in $199 and $349 versions and its sign...Read More