World's No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) said Thursday it had sold its 40% stake in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining company PT Indonesia Asahan Aluminium (Inalum) for $3.5 billion.The deal is expected to end to a long-drawn-out, three-way dispute over the mine, which has been centred on bringing local ownership of Grasber...Read More
World's No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) said Thursday it had sold its 40% stake in the giant Grasberg mine, the world's second largest copper operation, to Indonesia's state mining company PT Indonesia Asahan Aluminium (Inalum) for $3.5 billion.The deal is expected to end to a long-drawn-out, three-way dispute over the mine, which has been centred on bringing local ownership of Grasber...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") a royalty company for the U.S. licensed medical cannabis industry, reports that Cultivation Technologies Inc. (CTI) its first investment in California, announced today that it has executed an agreement with Phoenix Tears LLC, to be the exclusive manufacturer and distributer of official Phoenix Tears THC...Read More
As the Russia investigation continues to rage in newspapers, classified meetings, and Twitter handles, we have a special guest for this week's episode: former Trump campaign advisor Carter Page, who is at the center of it all.If you've been following the Russian collusion investigation closely, Page's name probably sounds familiar. He's been subpoenaed by the U.S. Senate, been targeted by governme...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled Wednesday after the U.S. threatened additional tariffs on $200 billion worth of China-made goods. Leading decliners Wednesday on the blue-chip Dow were Caterpillar Inc. (CAT) , Chevron Corp. (CVX) and DowDuPont Inc. (DWDP) .Pfizer Inc. (PFE) fell after the drugmaker sai...Read More
The latest news and price moves to start the Asian day on Thursday July 12.Lead prices on the London Metal Exchange fell by around 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Read more in our live futures report. Here are how prices looked at the close of trading:The stainless steel scrap market in...Read More
The latest news and price moves to start the Asian day on Thursday July 12.Lead prices on the London Metal Exchange fell by around 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Read more in our live futures report. Here are how prices looked at the close of trading:The stainless steel scrap market in...Read More
* U.S. proposes fresh tariffs on $200 bln worth of China goods* Boeing (NYSE:BA), Caterpillar lead decliners on Dow* Chipmakers slide* Indexes down: Dow 0.9 pct, S&P 0.7 pct, Nasdaq 0.6 pct(Repeats to include in-line graphic. No changes to text)By Caroline ValetkevitchNEW YORK, July 11 (Reuters) - U.S. stocks fell on Wednesday, breaking a four-session streak of gains after Washington's threat...Read More
* U.S. raises stakes in China trade war* Wall Street dips, Brent prices nosedive* Asian, European stocks fall and metals slide(Adds Wall Street close, recasts with U.S. dollar, updates throughout)By Hilary RussNEW YORK, July 11 (Reuters) - Concerns about an escalating U.S.-China trade war made markets topsy-turvy on Wednesday, with U.S. stocks breaking a four-session winning streak and Brent crude...Read More
* U.S. proposes fresh tariffs on $200 bln worth of China goods* Boeing (NYSE:BA), Caterpillar lead decliners on Dow* Chipmakers slide* Indexes down: Dow 0.9 pct, S&P 0.7 pct, Nasdaq 0.6 pct(Updates to close)By Caroline ValetkevitchNEW YORK, July 11 (Reuters) - U.S. stocks fell on Wednesday, breaking a four-session streak of gains after Washington's threat to impose tariffs on an additional $20...Read More
* U.S. raises stakes in China trade war* Wall Street dips, but tariff effect muted* Asian, European stocks fall, safe-havens gain broadly* Copper, zinc slide and oil retreats (Adds settled oil prices; updates throughout)By Hilary RussNEW YORK, July 11 (Reuters) - U.S. stocks extended losses on Wednesday, set to snap their four-day winning streak, and metals prices slumped as U.S. threats of tariff...Read More
* US proposes fresh tariffs on $200 bln worth of China goods* Boeing (NYSE:BA), Caterpillar lead decliners on Dow* Chipmakers slide* Indexes down: Dow 0.8 pct, S&P 0.6 pct, Nasdaq 0.4 pct(Updates to late afternoon)By Caroline ValetkevitchNEW YORK, July 11 (Reuters) - U.S. stocks looked set on Wednesday to snap a four-day winning streak after Washington's threat to impose tariffs on an addition...Read More
* US proposes fresh tariffs on $200 bln worth of China goods* Boeing (NYSE:BA), Caterpillar lead decliners on Dow* Tech shares slide, chipmakers lead losses* Indexes down: Dow 0.82 pct, S&P 0.66 pct, Nasdaq 0.53 pct(Changes comment; updates details, prices)By Amy Caren DanielJuly 11 (Reuters) - U.S. stocks fell on Wednesday and looked set to snap their four-day winning streak after Washington'...Read More
* U.S. raises stakes in China trade war* Wall Street dips, but tariff effect muted* Asian, European stocks fall, safe-havens gain broadly* Copper, zinc slide and oil retreats (Adds Wall Street open; updates throughout; changes dateline; previous LONDON)By Hilary RussNEW YORK, July 11 (Reuters) - Stocks fell and metals prices slumped on Wednesday as U.S. threats of tariffs on an additional $200 bil...Read More
The latest news and price moves to start the Asian day on Thursday July 12.Lead prices on the London Metal Exchange fell by around 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Read more in our live futures report. Here are how prices looked at the close of trading:The stainless steel scrap market in...Read More
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) is a stock Canadian investors should be proud of, as it's not only the largest global gold miner, it's also headquartered a stone's throw from the Toronto Stock Exchange. Barrick Gold has spent years minimizing debt and ratcheting up operational efficiency to emerge as one of the tightest and most productive gold miners on the market.Following a trend among C...Read More
The only pure play publicly listed palladium miner North American Palladium Ltd. (TSX:PDL) has enjoyed a solid start to 2018. The miner's stock has soared by 30% since the start of the year and there are signs that it will benefit from a strong year. Now what?The company mines palladium from the Lac des Iles mine, located northwest of Thunder Bay, Ontario, which has been assessed to have palladi...Read More
Silver continues to perform poorly despite showing considerable promise at the start of 2018. For the year to date, the white metal has lost almost 7%, and there is every sign that a recovery could be a long way off given that gold has also lost its luster. That hasn't stopped Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) putting in a solid showing, however, having gained 9% since the start of 201...Read More
In a stunning development, primary silver miner First Majestic Silver Corp. (TSX:FR)(NYSE:AG) has gained a remarkable 22% over the last three months despite silver falling by 6% over the same period. This has sparked considerable speculation that First Majestic's is poised to fall because it has outrun the value of silver; the outlook for the white metal also remains subdued. Now what?Silver has...Read More
At $8.12 a share at the time of writing, Cobalt 27 Capital Corp. (TSXV:KBLT) is currently overvalued by almost eight times its future cash flow value. However, shares fell by 5.58% over the last 24 hours, plus a low P/E marks an opportunity for investors looking beyond future cash flow as an indicator of value.A pure-play cobalt stock that offers long-term growth investors exposure to the electric...Read More