(Adds details of release, background)OTTAWA, June 22 (Reuters) - Canada's annual inflation rate stayed unchanged at 2.2 percent in May, the fourth consecutive month it has exceeded the Bank of Canada's 2.0 percent target, Statistics Canada data indicated on Friday.The rate was less than the 2.5 percent forecast by analysts in a Reuters poll.The Bank of Canada has raised interest rates three times...Read More

The Dow is attempting to snap out of a lengthy losing streakFutures on the Dow Jones Industrial Average (DJI) are trading 130 points above fair value, with the blue-chip index looking to avoid a nine-day slump after notchingits longest losing streak in over a year. Trade tensions are on the back burner as focus remains on the Organization of the Petroleum Exporting Countries (OPEC) meeting, where...Read More

The company's insulin pump was approved for use in children as young as sixShares of Tandem Diabetes Care Inc (NASDAQ:TNDM) are up 20.4% in electronic trading, after the Food and Drug Administration (FDA) approved the medical device maker's insulin pump. The treatment for hypoglycemia is the first of its kind approved for use in children as young as six years old -- and now TNDM stock is set to op...Read More

CMG shares are set for a fourth straight positive weekly finishChipotle Mexican Grill, Inc. (NYSE:CMG) is set to extend its recent uptrend that was launched by the company's blowout earnings report from late April. CMG shares are 1.7% higher in electronic trading, amid news the company is testing new menu options, such as milkshakes and quesadillas, as CEO Brian Niccol continues his turnaround eff...Read More

LONDON, June 22 (Reuters) - Italy is the only country in the euro zone scheduled to hold bond auctions in the week ahead.* On Tuesday, Italy's Treasury will offer up to 3 billion euros ($3.48 billion) of inflation-linked bonds at an auction.* Italy returns on Thursday with a sale of medium to long-dated government bonds.Reporting by Dhara Ranasinghe, Editing by Abhinav Ramnarayan Disclaimer: The...Read More

LONDON (Reuters) - Oil prices rose as much as 2 percent on Friday as OPEC neared a deal to increase output to compensate for losses in production at a time of rising global demand.Benchmark Brent crude LCOc1 jumped $1.68 a barrel, or 2.3 percent, to a high of $74.73 before slipping to around $74.30 by 1215 GMT. U.S. light crude CLc1 was $1.00 higher at $66.54.The Organization of the Petroleum Expo...Read More

Miners laid off, mines closing, losses mounting-a huge headache for President RamaphosaRead full newsRead More

LONDON (Reuters) - World shares rose on Friday but were set to end in the red for a second week running amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices rose with an OPEC meeting underway.The MSCI All-Country World index .MIWD00000PUS, which tracks stocks in 47 countries, was up 0.3 percent by afternoon in Europe but down 1.3 percent on th...Read More

LUXEMBOURG (Reuters) - European Union finance ministers agreed on Friday to double a war chest for dealing with failing banks and boost powers of the euro zone bailout fund, but were split over whether to have a mechanism to restructure government debt or a euro zone budget.All the EU’s finance ministers except Britain, which will leave the bloc in March, discussed ideas for deeper economic...Read More

Handelsstreit hinterl??sst Spuren: Agrar-Index f??llt auf neuen Jahrzehnt-TiefstandRead full newsRead More

(Kitco News) -There are strangethings done in the midnight sunBy the men whomoil for gold - Robert ServiceNearly three years ago, Itraveled up to the Yukon to explore the region’s mining sector. I left with a strong sense ofoptimism among the mining CEOs as they were expecting that it would be only amatter of time before investors started to take notice of the region’s mininguntapped p...Read More

(Kitco News) - There are strange things done in the midnight sun By the men who moil for gold - Robert ServiceNearly three years ago, I traveled up to the Yukon to explore the region’s mining sector. I left with a strong sense of optimism among the mining CEOs as they were expecting that it would be only a matter of time before investors started to take notice of the region’s mining un...Read More

(Kitco News) - Gold pricesslightly up in early U.S. trading Friday. Bulls are working to stop thebleeding in their precious metal. It’s been a rough one-week trading period forthe gold bulls, as prices dropped from a high of $1,313.00 on June 14 to a lowof $1,262.40 on June 21, basis August Comex futures. Gold prices also hit asix-month low on Thursday. August Comex gold were last up $1.20 a...Read More

(Reuters) - U.S. stock index futures rose on Friday as oil prices jumped ahead of an OPEC meeting later in the day and in the absence of any significant developments in the China-U.S. trade rhetoric overnight.Oil prices rose more than a percent as OPEC appeared to be nearing a deal to boost supply to make up for losses in production at a time of rising global demand.A recent rally in oil prices du...Read More

VIENNA (Reuters) - OPEC moved closer on Friday toward boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage.Saudi Arabia and non-OPEC Russia have said a production increase of about 1 million barrels per day (bpd) or around 1 percent of global supply had become a near-consensus proposal for the grou...Read More

LONDON (Reuters) - Oil prices rose more than 1 percent on Friday as OPEC tried to agree a deal to increase output to compensate for losses in production at a time of rising global demand.Benchmark Brent crude LCOc1 was up $1.00 a barrel at $74.05 by 1100 GMT. U.S. light crude CLc1 was 80 cents higher at $66.34.The Organization of the Petroleum Exporting Countries is meeting in Vienna together with...Read More

BERLIN (Reuters) - A deal on debt relief for Greece reached by Athens’ euro zone creditors is a “good signal for Greece and the euro zone as a whole”, a German government spokeswoman said on Friday.Reporting by Madeline Chambers, editing by Thomas Escritt Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The au...Read More

* Italy bond yields fall after Thursday’s sharp rise* Debt relief boosts Greek debt* Euro zone PMIs stronger than expected* Banks to repay just fraction of ultra-cheap ECB cash* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates throughout)By Dhara RanasingheLONDON, June 22 (Reuters) - Italy’s borrowing costs fell on Friday as the government bond market regained its foot...Read More

* Dollar index set to post tiny losses for the week* More trade tariffs could offset U.S. tax reform - BOFAML* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVhBy Saikat ChatterjeeLONDON, June 22 (Reuters) - The euro trimmed some early gains on Friday as concerns of a growing trade conflict between the world’s two biggest economies kept a lid on appetite for taking large risky bets.In early...Read More

BERLIN (Reuters) - Germany hopes the EU’s reaction to U.S. trade tariffs will bring sense to all those involved and that a negotiated solution will be sought, a spokeswoman for the economy ministry said on Friday.“We want free and open markets,” said the spokeswoman, adding: “We hope that this clear reaction from the EU will lead to sense and objectivity on all sides and th...Read More