July 5 (Reuters) - Negotiations between workers and BHP Billiton Plc at the Escondida copper mine in Chile, the world's largest, are "far from reaching agreement" with less than three weeks to go before the negotiation deadline, a union official told Reuters on Thursday.The official, Carlos Allendes, said the union was preparing a $400,000 emergency fund to support workers if they opt to strike af...Read More
July 5 (Reuters) - Negotiations between workers and BHP Billiton Plc at the Escondida copper mine in Chile, the world's largest, are "far from reaching agreement" with less than three weeks to go before the negotiation deadline, a union official told Reuters on Thursday.The official, Carlos Allendes, said the union was preparing a $400,000 emergency fund to support workers if they opt to strike af...Read More
Inflation data will also be in focusRate hikes and corporate earnings will be in focus next week. In addition to a handful of speeches from Federal Reserve officials, traders will also be eyeing a pair of inflation updates for signs the central bank could be ready to raise its key benchmark rate again. Plus, a number of big banks -- including JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc (NYSE...Read More
WASHINGTON (Reuters) - The U.S. government is moving some migrant parents to detention sites closer to the young children they were separated from while crossing the U.S.-Mexico border in an attempt to meet a court-imposed deadline to reunify families, U.S. Secretary of Health and Human Services Alex Azar said on Thursday.U.S. Judge Dana Sabraw in San Diego last month ordered the government to sto...Read More
NEW YORK (Reuters) - The dollar fell to three-week lows on Thursday as strong German industrial orders boosted the euro while U.S. data showed private sector jobs rose less than expected in June, weighing on the greenback along with nagging trade concerns.In recent weeks, the dollar benefited from mounting trade tensions, said John Doyle, director of markets, at Tempus Consulting in Washington. &l...Read More
NEW YORK (Reuters) - The dollar fell to three-week lows on Thursday as strong German industrial orders boosted the euro while U.S. data showed private sector jobs rose less than expected in June, weighing on the greenback along with nagging trade concerns.In recent weeks, the dollar benefited from mounting trade tensions, said John Doyle, director of markets, at Tempus Consulting in Washington. &l...Read More
U.S. Environmental Protection Agency chief Scott Pruitt, who pleased President Donald Trump with his aggressive efforts to roll back environmental regulations, resigned on Thursday under heavy fire for a series of ethics controversies.Pruitt was one of Trump’s most effective Cabinet members, slashing regulations on the energy and manufacturing industries, including his move to repeal Democra...Read More
* U.S. tariffs on China set to take effect on Friday* Chipmakers lead tech stocks higher* Indexes up: Dow 0.5 pct, S&P 0.6 pct, Nasdaq 0.9 pct (Updates to late afternoon, changes byline, adds NEW YORK dateline)By April JoynerNEW YORK, July 5 (Reuters) - U.S. stocks slightly pared gains on Thursday after the release of minutes from the Federal Open Market Committee’s June meeting, though...Read More
WASHINGTON (Reuters) - The State Department on Thursday denied that the United States had softened its approach toward North Korean denuclearization, as U.S. Secretary of State Mike Pompeo heads to Pyongyang hoping to agree a roadmap for its nuclear disarmament.“Nothing could be further from the truth. Our policy toward North Korea has not changed,” State Department spokeswoman Heather...Read More
* U.S. tariffs on China set to take effect on Friday* Chipmakers lead tech stocks higher* Indexes up: Dow 0.5 pct, S&P 0.6 pct, Nasdaq 0.9 pct (Updates to late afternoon, changes byline, adds NEW YORK dateline)By April JoynerNEW YORK, July 5 (Reuters) - U.S. stocks slightly pared gains on Thursday after the release of minutes from the Federal Open Market Committee’s June meeting, though...Read More
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year official sector activity rose 36 percent to 366 tonnes - a substantial increase from 2016.The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. The United States holds the number one spot with over 8,000 tonnes of gold in...Read More
The price of copper suffered its seventh straight day of declines on Thursday, losing more than 3% in New York to $2.8205 or $6,220 a tonne on the Comex market, its lowest level since July last year.It was one of the busiest days of 2018 on commodity futures markets with with over 2.3m tonnes of September copper worth $14.6 billion exchanging hands by mid-afternoon. 2018 star performer nickel also...Read More
The price of copper suffered its seventh straight day of declines on Thursday, losing more than 3% in New York to $2.8205 or $6,220 a tonne on the Comex market, its lowest level since July last year.It was one of the busiest days of 2018 on commodity futures markets with with over 2.3m tonnes of September copper worth $14.6 billion exchanging hands by mid-afternoon. 2018 star performer nickel also...Read More
NEW YORK (Reuters) - The amount of U.S. commercial paper outstanding posted its biggest two-week fall in 3-1/2 years as financial companies reduced their issuance of short-term debt for a third straight week, Federal Reserve data released on Thursday showed.Analysts blamed the fall in commercial paper supply on reduced borrowing by companies and investors keeping their cash at quarter-end for fina...Read More
NEW YORK (Reuters) - Stock markets in Europe and the U.S. advanced on Thursday as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia.Shares of Mercedes-maker Daimler, BMW, Porsche PSHG_P.DE and Volkswagen (VOWG_p.DE) surged as much as 5 percent after reports of a U.S. offer to suspend tariff threats on...Read More
NEW YORK (Reuters) - Stock markets in Europe and the U.S. advanced on Thursday as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia.Shares of Mercedes-maker Daimler, BMW, Porsche PSHG_P.DE and Volkswagen (VOWG_p.DE) surged as much as 5 percent after reports of a U.S. offer to suspend tariff threats on...Read More
(Kitco News)- Gold looks like an attractive buy at the moment, withinvestor sentiment reaching the bottom in the marketplace, according to oneEuropean fund manager. In a recent interview with Kitco News, Ronald-PeterStoeferle, fund manager at asset-management firm Incrementum AG and author oflast month’s latest In Gold We Trust annual report, said that from arisk-reward perspective, gold loo...Read More
Elias Glenn, David LawderBEIJING/WASHINGTON (Reuters) - China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in.U.S. President Donald Trump has threatened to further escalate the trade conflict between the world’s two largest ec...Read More
Gold futures settled with a gain on Thursday, finding support from some weakness in the U.S. dollar, but prices for the metal then eased back following the release of minutes from the Federal Reserve's June meeting. August goldGCQ8, -0.23% rose $5.30 or 0.4%, to settle at $1,258.80 an ounce-the highest finish since June 26, according to FactSet data. The move follows a 1% Tuesday rebound that help...Read More
(Reuters) - U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve’s last policy meeting on June 12-13 released on Thursday showed.The minutes, which described a meeting in with the Fed raised interest rates for the second time this year, al...Read More