It's not just Deutsche Bank that has seen a conveyor belt of CEOs in recent years: according to Handelsblatt, that other titan of European industry - and Germany's largest employer - has decided to part ways with its CEO as the company's emissions-manipuation scandal claims its latest scalp.Read full newsRead More

Reuters - U.S. wholesale inventories increased a bit less than initially estimated in February, but still suggested that inventory investment would contribute to economic growth in the first quarter after being a drag on output in the prior period.The Commerce Department said on Tuesday that wholesale inventories rose 1.0 percent instead of the 1.1 percent jump it reported last month. That was the...Read More

   •  Persistent USD selling bias helps regain positive traction.   •  Fading safe-haven demand/surging US bond yields might cap gains. Gold built on its steady climb from an intraday day low level of $1331 and refreshed session tops in during the early NA session. Today's hotter-than-expected release of US PPI figures, with the core reading hitting 7-ye...Read More

WASHINGTON (Reuters) - U.S. producer prices increased more than expected in March, boosted by rising healthcare and food costs, pointing to a steady buildup of inflation pressures.Most economists believe that strengthening inflation will prompt the Federal Reserve to raise interest rates three more times this year. The U.S. central bank increased borrowing costs last month and forecast at least tw...Read More

SANTIAGO/LONDON, April 10 (Reuters) - The London Metal Exchange will suspend Rusal's aluminium from its list of approved brands from April 17 after some members raised concerns about settling LME contracts with sanctioned companies, the exchange's chief executive told Reuters.Last week the U.S. Treasury Department imposed sanctions on seven Russian oligarchs and 12 firms they own or control, sayin...Read More

(Bloomberg) - The next big thing for batteries may have fizzled out years ago.Remember graphene? The advanced material - made up of a lattice of carbon atoms - may be poised for a comeback, albeit a quiet one, Bloomberg New Energy Finance analyst Julia Attwood said in a presentation at the BNEF Future of Energy Summit on Tuesday. Researchers are studying ways to use graphene in batteries, and the...Read More

BEIJING (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday he is quite hopeful that despite the recent trade skirmish between the United States and China, the rhetoric will de-escalate.Kaplan, a non-voting member on the U.S. central bank’s rate-setting committee this year, said in a speech at Tsinghua University in Beijing that bilateral discussions on trade issu...Read More

WASHINGTON (Reuters) - U.S. Senate Banking Committee Republican Pat Toomey said on Tuesday the panel plans to repeal the Consumer Financial Protection Bureau’s indirect auto lending and leveraged lending rules in the coming weeks.The agency conceived to stamp out predatory lending must pull back from “unfair” oversight of the finance sector, he added.“We need to kill this t...Read More

The headline PPI Final Demand YoY print of 3.0% is higher than expected and back to last year's highs, but core PPI surged to 2.7% YoY - the highest since Sept 2011.Read full newsRead More

Shorts could be hedging their bearish bets on FASTIndustrial machinery concern Fastenal Company (NASDAQ:FAST) is set to report first-quarter earnings before the bell tomorrow morning. Digging into FAST's earnings history, the stock has closed lower the next day in seven of the last eight quarters -- including a 5.8% fall after its most recent earnings release. On average, the shares have swung 4....Read More

By Scott Patterson and Oliver Griffin Glencore PLC Chief Executive Ivan Glasenberg has resigned as a director of United Co. Rusal PLC, as fresh U.S. sanctions against Russia ensnarl one of the world's largest multinationals. The Swiss commodities giant said Tuesday it was committed to complying with all sanctions and taking steps to mitigate risks to its business. Its moves come after aluminum p...Read More

(Kitco News) - Gold prices weremodestly up in midday trading Tuesday, despite trader and investor risk appetitebeing keen early this week, as evidenced by solid rallies in the U.S. stockindexes and other world stock markets. Gold and silver bulls should considertheir metals’ performance so far this week as pretty impressive, given littlerisk aversion in the marketplace, at present. June Come...Read More

(Kitco News) - Gold prices were modestly up in midday trading Tuesday, despite trader and investor risk appetite being keen early this week, as evidenced by solid rallies in the U.S. stock indexes and other world stock markets. Gold and silver bulls should consider their metals’ performance so far this week as pretty impressive, given little risk aversion in the marketplace, at present. June...Read More

LONDON, April 10 (Reuters) - Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year.The London-listed miner started talks with its banks earlier this year after the confiscation of a consignment of its diamonds by Tanzania and a labour strike at its South African mines put i...Read More

LONDON, April 10 (Reuters) - Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year.The London-listed miner started talks with its banks earlier this year after the confiscation of a consignment of its diamonds by Tanzania and a labour strike at its South African mines put i...Read More

Michael Jones, CFO at Tharisa Plc (LON:THS), talks Proactive's Andrew Scott through their second-quarter production performance.Platinum group metal (PGM) recoveries measured 82.2% for the three month period ended March 31, compared to a target of 80% and the company produced some 38,200 ounces of PGMs.Similarly, chrome recoveries improved to 66.3% which was better than the targeted 65% and the co...Read More

(Kitco News)- Extremevolatility and lower equity markets will drive investors into gold throughoutthe rest of the year, according to one of the top gold fund managers.Formany analysts, the roaring gains of the equity markets were gold’s biggestcompetition in 2017 but John Hathaway, senior portfolio manager at TocquevilleAsset Management, said in his first quarter letter to investors that the...Read More

MOSCOW, April 10 (Reuters) - Russia's diamond miner Alrosa said on Tuesday that its sales of rough and polished diamonds totalled $559.5 million in March."There was a slight seasonal cooling off in demand in March," Alrosa Deputy CEO Yury Okoemov said, according to a company statement.Alrosa's total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.(Reporting by...Read More

BENGALURU, April 10 (Reuters) - Vedanta Resources Plc said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the South Indian town of Thootukudi was rejected by the state pollution regulator.The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi, who have thronged the st...Read More

BENGALURU, April 10 (Reuters) - Vedanta Resources Plc said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the South Indian town of Thootukudi was rejected by the state pollution regulator.The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi, who have thronged the st...Read More