The price of copper sank on Wednesday, losing more than 4% in New York to $2.7170 or $5,990 a tonne on the Comex market, its lowest level since July 20 last year.It was one of the busiest days of 2018 on commodity futures markets with with over 2.1m tonnes of copper worth $12.7 billion exchanging hands by early-afternoon. Wednesday was the ninth down day of the last 10 trading sessions for copper....Read More

The price of copper sank on Wednesday, losing more than 4% in New York to $2.7170 or $5,990 a tonne on the Comex market, its lowest level since July 20 last year.It was one of the busiest days of 2018 on commodity futures markets with with over 2.1m tonnes of copper worth $12.7 billion exchanging hands by early-afternoon. Wednesday was the ninth down day of the last 10 trading sessions for copper....Read More

VANCOUVER, July 11, 2018 /CNW/ - Eldorado Gold Corporation ("Eldorado" or "the Company") today announces the appointment of Philip Yee as Executive Vice President and Chief Financial Officer. This appointment further strengthens Eldorado's leadership team.Philip Yee will join Eldorado in September 2018. Phil has extensive experience as a senior financial executive, having worked for a variety...Read More

Oil prices are reeling, despite a steep drop in domestic inventoriesAfter a red-hot start to the week, the Dow Jones Industrial Average (DJI) has surrendered more than 180 points today, as trade war tensions with China rear their ugly head once more. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the red, and it appears all three benchmarks will see their four-day winning stre...Read More

(Kitco News)- Despite the threat of a growingtrade war, one copper-mining chief executive officer said that he is optimisticthat shrinking supply will help the base metal weather the current storm.Paul West-Sells, president and CEO of Western Copper and GoldIndustrial metals are being hardhit as the U.S. government escalates its trade war with China. Copper, inparticular, is feeling the heat with...Read More

(Kitco News) - Despite the threat of a growing trade war, one copper-mining chief executive officer said that he is optimistic that shrinking supply will help the base metal weather the current storm. Paul West-Sells, president and CEO of Western Copper and Gold Industrial metals are being hard hit as the U.S. government escalates its trade war with China. Copper, in particular, is feeling the...Read More

BEIJING/WASHINGTON (Reuters) - China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.China’s commerce ministry said on Wednesday it was “shocked” and would complain to the World Trade Organisation, but did not immediately say...Read More

(Reuters) - Fast-food company Restaurant Brands International (QSR.TO) said on Wednesday it plans to open 1,500 outlets of its Canadian coffee-and-donut chain Tim Hortons in China over the next decade, capitalizing on a growing cafe culture in the world’s second-largest economy.The move, its biggest expansion outside of the core Canadian market, is part of new President Alex Macedo’s t...Read More

As the U.S. becomes increasingly import-reliant for the minerals needed for military equipment and technologies, 62 percent of voters support U.S. government action to encourage the use of domestically-mined minerals and decrease reliance on foreign-imported minerals, according to a poll conducted by Morning Consult for the National Mining Association (NMA)."Our defense industrial base supply chai...Read More

As the U.S. becomes increasingly import-reliant for the minerals needed for military equipment and technologies, 62 percent of voters support U.S. government action to encourage the use of domestically-mined minerals and decrease reliance on foreign-imported minerals, according to a poll conducted by Morning Consult for the National Mining Association (NMA)."Our defense industrial base supply chai...Read More

(Kitco News) - Gold prices are trading moderately lower and have hit theirdaily lows in late-morning action Wednesday. The raw commodity sector,including the precious metals, is getting hit hard today by new trade sanctionsthe U.S. has imposed on China. Gold bulls continue to by stymiedby the fact their metal is trading like a raw commodity instead of a safe-havenstore of value. Augustgold was las...Read More

NEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump called Pfizer Chief Executive Ian Read on Tuesday and discussed the company's July 1 price hikes for 10 to 15 minutes, communicating that the increases had complicated the administration's drug pricing plans, according to a source familiar with the matter.Pfizer said on Tuesday it was deferring its drug price increases on around 40 drugs...Read More

WASHINGTON (Reuters) - U.S. House of Representatives Speaker Paul Ryan said on Wednesday tariffs are not the right tool to use in the trade dispute with China, although Beijing engages in unfair trade practices.“I’ve long said I don’t think tariffs are the right way to go,” Ryan told reporters in response to a question about China. “China does steal intellectual prope...Read More

By Scott Patterson Glencore PLC Chairman Tony Hayward is heading a new board committee to oversee the Anglo-Swiss mining giant's response to a subpoena by the U.S. Department of Justice, the company said Wednesday. On July 3, Glencore said it had received a subpoena from the Justice Department relating to its compliance with the U.S. Foreign Corrupt Practices Act and money-laundering statutes. T...Read More

OTTAWA (Reuters) - The tit-for-tat tariffs imposed by Canada and the United States will trim Canadian exports and imports by 0.6 percent and boost inflation by about 0.1 percentage point, the Bank of Canada said on Wednesday.The tariffs, along with related uncertainty about U.S. trade policy that hangs over Canada’s export-driven economy, will subtract about 2/3 percent from GDP by the end o...Read More

LONDON (Reuters) - British trade minister Liam Fox said on Wednesday he did not believe that Britain’s new Brexit strategy would inhibit its ability to agree trade deals with countries around the world, after two cabinet colleagues resigned over the policy.Former Foreign Secretary Boris Johnson and Brexit minister David Davis quit at the start of this week in protest over the strategy. Johns...Read More

PFE and ABBV are in focusAnalysts are weighing in on big pharma today, with AbbVie Inc (NYSE:ABBV) and Pfizer Inc. (NYSE:PFE) among the names in the spotlight. Attention for the former is more upbeat, while notes for the latter are tilted toward the skeptical side -- even after both stocks' recent run up the charts.Diving deeper, J.P. Morgan Securities said strong quarterly earnings results for dr...Read More

BRUSSELS (Reuters) - U.S. President Donald Trump held talks with German Chancellor Angela Merkel on the sidelines of a NATO summit in Brussels on Wednesday, hours after he fiercely criticized German policy on defense spending and gas imports from Russia.The tone of their remarks when they jointly addressed reporters afterward appeared businesslike, after Trump had said Germany’s reliance on...Read More

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BRUSSELS (Reuters) - U.S. President Donald Trump accused Germany of being a “captive” of Russia on Wednesday as Western leaders gathered in Brussels for a NATO summit where Trump wants Europeans to pay more for their own defense.In a startling public outburst against one of Europe’s main military powers, Trump told NATO Secretary-General Jens Stoltenberg that Germany was wrong to...Read More