By Andrea HopkinsOTTAWA, July 11 (Reuters) - The Bank of Canada raised interest rates on Wednesday as expected, and said further gradual rate hikes would be warranted, but warned mounting trade tensions would have a larger impact on investment and exports than previously thought.The overnight interest rate was hiked by a quarter point to 1.50 percent, the fourth increase since the bank began raisi...Read More

LONDON (Reuters) - A surplus of platinum and demand concerns due to a dispute over global trade have fueled a sell-off that saw prices of the autocatalyst metal hit their lowest in a decade, below the cost of production for many mines in top producer South Africa.Used mainly in vehicles’ emissions-reducing catalytic converters and in jewelry, platinum has slumped nearly 18 percent from a one...Read More

CRM stock is dodging the tech headwindsSalesforce.com, Inc. (NYSE:CRM) is trading up 0.8% at $143.58, despite the tariff-induced tech-sector headwinds, as the stock this morning saw two different brokerage firms raise their outlooks. Specifically, Oppenheimer and Baird both increased their price targets to $160, which is a 12.3% premium to Tuesday's close and deep in record-high territory. Meanwhi...Read More

COPPER POSITIONAL CALLCopper Positional Call – BUY Copper Aug at CMP 421.0 Add more at price 415 with SL 409 for Target 432 – 439 Read More

MCX ZINC POSITIONAL CALLMcx Zinc Positional Call – BUY Zinc August at CMP 174.25 Add more at price 170 with SL Below price 167 for Target 179 – 184.50 Read More

NEW YORK (Reuters) - U.S. loan applications to refinance existing homes fell to their lowest in over 17-1/2 years even as most 30-year home borrowing costs fell last week, data from the Mortgage Bankers Association showed on Wednesday.The Washington-based industry group said its seasonally adjusted index on homeowners’ requests for refinancing fell 3.8 percent to 958.5 in the week ended July...Read More

Gold trying to bottom, but still threatened by a strong dollar.Euro currency rally is still in gold's favor, but bulls must act now.Gold still hasn't confirmed an immediate-term bottom.Gold has teased a bottoming attempt in the last few days, but, to date, that attempt has been just that - a tease. What looked like a potentially deep correction of the rally in the U.S. dollar index gave in...Read More

(Reuters) - AT&T Inc has partnered with Magic Leap Inc, a secretive augmented reality startup backed by tech giants Google and Alibaba, to exclusively sell its wireless gadgets in the United States, the telecom company said on Wednesday.Magic Leap said it will demo www.twitch.tv/magicleap its first product later in the day - a lightweight, wearable computer with augmented reality features. T...Read More

The guidelines, the result of a three-year international effort, should help identify areas of particular environmental importance where no mining should occur. (Image: Mountains in the Sea 2004. Courtesy of NOAA Office of Ocean Exploration.)An international team of researchers has developed a set of criteria to help the International Seabed Authority (ISA) protect biodiversity from deep-sea minin...Read More

The guidelines, the result of a three-year international effort, should help identify areas of particular environmental importance where no mining should occur. (Image: Mountains in the Sea 2004. Courtesy of NOAA Office of Ocean Exploration.)An international team of researchers has developed a set of criteria to help the International Seabed Authority (ISA) protect biodiversity from deep-sea minin...Read More

LLY has been moving higher since its early May lowsJ.P. Morgan Securities named Eli Lilly and Co (NYSE:LLY) a top pick among pharma stocks, waxing optimistic on the company's early product launch cycles. The brokerage firm also said LLY will see a more modest impact from forex impacts than some of its sector peers -- most notably Pfizer (PFE), which just announced it will be splitting into three...Read More

The guidelines, the result of a three-year international effort, should help identify areas of particular environmental importance where no mining should occur. (Image: Mountains in the Sea 2004. Courtesy of NOAA Office of Ocean Exploration.)An international team of researchers has developed a set of criteria to help the International Seabed Authority (ISA) protect biodiversity from deep-sea minin...Read More

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TRIP stock has rallied hard in 2018, yet remains underlovedTripAdvisor Inc (NASDAQ:TRIP) stock is up 2.6% to trade at $59.09 this morning, defying broad-market headwinds, after Barclays upgraded the travel name to "overweight" from "equal weight," while boosting its price target by $21 to $70 -- the highest among brokerages in coverage. The analyst at Barclays waxed optimistic on mobile traffic,m...Read More

(Kitco News)- Although there are logicalreasons behind gold’s sharp sell-off, the market has not entered a new bearmarket, according to analysts at global bank ScotiaMocatta.In their July precious-metalsreport, the analysts said that it’s a little surprising that gold hasn’t caughta safe-haven bid as geopolitical tensions have risen sharply as a result of anescalating global trad...Read More

WASHINGTON (Reuters) - U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.The report published by the Labor Department on Wednesday also showed a pickup in underlying producer inflation last month. The data supports views of steadily rising price pressures, which will probab...Read More

A fresh wave of risk aversion swept across financial markets after the United States threatened to impose tariffs on an extra $200 billion worth of Chinese goods. This unfavorable move comes just days after the two countries slapped tit-for-tat tariffs on $34 billion worth of each other’s imports. With Beijing describingthe latest tariff threats as “totally unacceptable” and vowi...Read More

By Oliver Griffin Glencore said Wednesday that Non-Executive Chairman Tony Hayward, the former CEO of BP, is heading a new board committee to oversee the company's response to a subpoena by the U.S. Department of Justice. On July 3 the Anglo-Swiss miner received a subpoena from the Justice Department relating to its compliance with the U.S. Foreign Corrupt Practices Act and money-laundering statu...Read More

CHICAGO (Reuters) - When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund Highland Capital Management, aggressively pursued legal action against Credit Suisse Group AG, which arranged the financing and appraisals for the project.Highland u...Read More

TEL AVIV (Reuters) - Next Insurance, a digital insurance company for small businesses, said on Wednesday it has raised $83 million, bringing its total raised in two years to $131 million.Led by Redpoint Ventures, this funding will enable Next Insurance to continue its expansion in the United States as a full service insurance carrier, offer coverage to more classes of business and grow internal op...Read More