BEIJING/SHANGHAI (Reuters) - Ford Motor Co (F.N) said on Thursday that for now it will not hike prices of imported Ford and higher-margin luxury Lincoln models in China, thus absorbing the cost additional of tariffs on U.S. vehicles due to be applied starting on Friday.The U.S. carmaker, which has faced sluggish sales in the world’s largest auto market, said in a statement that “it has...Read More

The Fed meeting minutes will be released at 2 pm ETStocks are holding on to solid gains today, as trade tensions take a breather amid developments of a possible "zero tariff" policy on imported cars between the U.S. and European Union (EU). The Dow Jones Industrial Average (DJI) boasts a triple-digit lead, while the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are confidently higher as...Read More

(Bloomberg) - Zambia agreed to give First Quantum Minerals Ltd. more time to complete its analysis of what the company might owe the southern African nation after it was slapped with a $7.9 billion tax bill, according to the finance minister.The Vancouver-based company is challenging the assessment from Zambia's revenue agency, which claims First Quantum incorrectly declared imports for one of its...Read More

(Bloomberg) - Zambia agreed to give First Quantum Minerals Ltd. more time to complete its analysis of what the company might owe the southern African nation after it was slapped with a $7.9 billion tax bill, according to the finance minister.The Vancouver-based company is challenging the assessment from Zambia's revenue agency, which claims First Quantum incorrectly declared imports for one of its...Read More

(Kitco News)- Gold prices are pushing modestly higher as the U.S. dollarlosses some momentum as it falls from its recent 12-month high, but one Frenchbank thinks investors have to wait until the fall to see a clear uptrend in theprecious metal.In a report Thursday, Bernard Dahdah said that they areexpecting to see material weakness in the U.S. dollar in September, whichshould support gold prices t...Read More

(The opinions expressed here are those of the author, a columnist for Reuters.)By Jamie McGeeverLONDON, July 5 (Reuters) - The world economy was in an unusual position last year, posting “synchronized” growth for the first time since the 2007-09 crisis. But there’s been no synchronized tightening of monetary policy this year, and by going it alone on raising interest rates the Fe...Read More

NEW YORK (Reuters) - The dollar fell to three-week lows on Thursday, as the euro gained on strong German industrial orders, while data showing jobs rose less than expected in June plus nagging concerns about global trade also reined in the greenback’s recent rally.Mazen Issa, senior FX strategist, at TD Securities in New York said U.S. economic prospects remain upbeat compared with the rest...Read More

Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140%.Strong consumption in China, despite ongoing efforts by Beijing to reduce reliance on coal for electricity generation, and restocking from...Read More

DE has shed 11% year-to-date, but just flashed a buy signalShares of Deere & Company (NYSE:DE) are slightly lower today, continuing theirvolatile run on the charts after topping out at a mid-February record peak of $175.26. The heavy machinery manufacturer's stock is down 0.5% at $139.67, at last check. Notably, however, DE has now pulled back to within one standard deviation of its 320-day movin...Read More

LONDON (Reuters) - The U.S. Navy stands ready to ensure freedom of navigation and free flow of commerce, a spokesman for the U.S. military’s Central Command said on Thursday, after Iran warned it will block oil shipments through the Strait of Hormuz.Iran has threatened in recent days to close the strait, a vital route for world oil supplies, if Washington tries to cut Tehran’s exports....Read More

FRANKFURT (Reuters) - Recent volatility in financial markets will curb inflows this year into Allianz’s (ALVG.DE) asset management business, which includes U.S. bond giant Pimco, a board member told Reuters.In 2017, Allianz reeled in 150 billion euros ($175.25 billion) in net inflows, a record for a single year, lifting the group’s third-party assets under management to 1.45 trillion e...Read More

TOKYO, July 5 (Reuters) - French miner Eramet SA is looking to acquire lithium deposits in Chile, Argentina and Brazil to expand its portfolio into the minerals used in batteries for electric vehicles, its chief executive said on Thursday."Our priority is to develop our existing lithium deposit in Argentina. But we are also looking for other deposits in Chile, Argentina and Brazil," Eramet Chief E...Read More

The mining stock is pulling back from a rally up to its 80-day moving averageMining giant Freeport-McMoRan (NYSE:FCX) has been trending lower since late January, with the stock now down 10.8% year-to-date to hover at $16.91. The shares have notched a series of lower highs along the way, and as a result, FCX has breached former support at its 80-day moving average. Based on historical returns from...Read More

(Reuters) - U.S. stocks ticked higher on Thursday on signs that Washington may dial back on plans for tariffs on European cars, soothing some worries about trade even as China looked set to face U.S. tariffs.Technology stocks led the gains, with chipmakers Qualcomm, Micron and Qorvo among the top gainers. Micron said a temporary ban on some sales in China would hurt its quarterly revenue by just 1...Read More

LONDON (Reuters) - JPMorgan (JPM.N) has asked “several dozen” employees to lead a first wave of relocations from Britain to continental Europe by early 2019, kicking off plans to protect its business post-Brexit, a memo to staff shows.In its first Brexit-related mass communication to its 16,000-strong workforce in the UK this year, JPMorgan highlights the organizational and strategic c...Read More

LONDON (Reuters) - When Donald Trump visits Britain next week, Prime Minister Theresa May will have to face a harsh reality: Brexit makes Britain more dependent than ever on an alliance with the most unpredictable U.S. president in living memory.Sandwiched between a NATO meeting and a summit with Russia’s Vladimir Putin, Trump’s first visit to Britain as president comes at one of the m...Read More

(Bloomberg) - Renault SA and rival French automaker PSA Group unveiled plans for new electric car-sharing services in Paris just days after Mayor Anne Hidalgo pulled the plug on an operation backed by Bollore SA.The French capital's existing vehicle-sharing plan came under scrutiny in the months leading up to the June canceling of Bollore's Autolib contact.The mayor and Renault Chief Operating Off...Read More

(Reuters) - The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing - part of its ‘America First’ policy to boost domestic energy production and jobs.The Europeans have taken note.The drive to open America’s offshore wind industry has attracted Europe’s biggest r...Read More

ZURICH (Reuters) - The Swiss government must improve its measures to tackle corruption by federal officials and departments after steps taken were found to be inadequate, an evaluation report said on Thursday.“Important reforms” are needed to increase the effectiveness of the anti-corruption working group set up by the Swiss cabinet ten years ago, the Swiss Federal Audit Office’s...Read More

The DFS update has also delivered longer life at the Mali project and increased underground reserves by 38%.Read full newsRead More