Recent News

Speculators raise net long position in COMEX gold -CFTC

March 30, 2018 / www.kitco.com

March 30 (Reuters) - Hedge funds and money managers uppedtheir net long position in COMEX gold contracts in the week toMarch 27, U.S. Commodity Futures Trading Commission data showedon Friday.They also cut net long positions in silver and copperfutures and options, the data showed. (Reporting by Chris PrenticeEditing by Susan Thomas) Reuters Messaging:christine.prentice.thomsonreuters@reuters.net)...Read More

Reuters Insider - Asia Insight: Trump puts South Korea trade pact in doubt

March 30, 2018 / www.kitco.com

Click the following link to watch video: Source: Reuters InsiderDescription: U.S. President Donald Trump has put in doubt a recently-announcedtrade deal with South Korea, saying he might hold it up - until a separatedeal is reached with North Korea. Japan Industrial production rebounded inFebruary from a decline the previous month.Short Link: Disclaimer: The views expressed in this article are tho...Read More

Reuters Insider - Breakingviews TV:Pay ratios

March 30, 2018 / www.kitco.com

Click the following link to watch video: Source: Reuters InsiderDescription: March 30- U.S. companies' first disclosures of CEO-to-employeepay ratios produce some surprises. Richard Beales and Tom Buerkle explain whyLloyd Blankfein's ratio is much lower than Jamie Dimon's (Goldman bankersearn a lot) and S&P Global's is so high (lots of staff in India).Short Link: Disclaimer: The views expresse...Read More

Fund managers cut S&P 500 futures net long positions in latest week-CFTC

March 30, 2018 / www.kitco.com

March 30 (Reuters) - Equity fund managers cut their net long positions in S&P 500 futures contracts in the week ended March 27 by 34,498 to 116,692, U.S. Commodity Futures Trading Commission data showed on Friday.Equity fund speculators switch their net long positions by 26,881 to 773, the data showed.Long Short Net---------------------------------------------------- Fund Managers 255,720 139,...Read More

UPDATE 1-U.S. crude oil production rose slightly in January -EIA

March 30, 2018 / www.kitco.com

(Adds more crude production data, natural gas figures,paragraphs 2-4)March 30 (Reuters) - U.S. crude production rose by 6,000barrels per day (bpd) in January to 9.964 million barrels perday, the Energy Information Administration said in a monthlyreport on Friday.The agency revised the December report up by 9,000 barrelsto 9.958 million bpd. The gains were driven by a rise inoffshore production, wh...Read More

U.S. crude oil production rose slightly in January - EIA

March 30, 2018 / www.kitco.com

March 30 (Reuters) - U.S. crude production rose by 6,000barrels per day (bpd) in January to 9.964 million barrels perday, the Energy Information Administration said in a monthlyreport on Friday.The agency revised the December report up by 9,000 barrelsto 9.958 million bpd. (Reporting By David Gaffen; editing by Jonathan Oatis) Messaging: david.gaffen.reuters.com@reuters.net)) Disclaimer: The views...Read More

TABLE-Russia's 2017/18 grain export data and March forecast

March 30, 2018 / www.kitco.com

MOSCOW, March 30 (Reuters) - Russia's March exports of wheat, barley and maize (corn) are estimated at5.0 million tonnes, up from 4.05 million tonnes in February, the SovEcon agriculture consultancy toldReuters.It also provided the following data.TABLE-Russia's grain exports since the start of the 2017/18 marketing year on July 1 and SovEcon'sforecast for March (,000 tonnes): July 17Aug SeptOct N...Read More

Ecuador economy grew 3 pct in 2017, oil sector down: central bank

March 30, 2018 / www.kitco.com

March 30 (Reuters) - Ecuador's economy grew 3 percent in2017, showing a strong recovery from the previous year, helpedby household consumption, government spending and exports, thecountry's central bank said on Friday.However, oil sector production was down 2.8 percent, due toOPEC cuts. Ecuador produced 193.9 million barrels in the year,down 3.4 percent from the previous year.Ecuador has suffered...Read More

Community group in New Zealand worried about OceanaGold's project

March 30, 2018 / www.mining.com

A community group from New Zealand's Waihi town, in the North Island's Hauraki district, is expressing concerns over plans announced by OceanaGold Corporation (TSX/ASX: OGC) to mine for gold under the nearby open Martha pit.This week, the Melbourne-based company presented its project to the District Council. The Martha Project exploration target is the first stage of an anticipated 10-year mine li...Read More

Community group in New Zealand worried about OceanaGold's project

March 30, 2018 / www.mining.com

A community group from New Zealand's Waihi town, in the North Island's Hauraki district, is expressing concerns over plans announced by OceanaGold Corporation (TSX/ASX: OGC) to mine for gold under the nearby open Martha pit.This week, the Melbourne-based company presented its project to the District Council. The Martha Project exploration target is the first stage of an anticipated 10-year mine li...Read More

TABLE - Pakistan economic indicators

March 30, 2018 / www.kitco.com

KARACHI, Pakistan, March 30 (Reuters) - DAILY INDICATORS Friday PREVIOUS Floating Interbank Rate (Rs/$)115.42/115.50114.44/115.50 Rupee/US$ (kerb market) 115.80 116.00 Karachi 100-share Index 45,560.3045,489.62 Gold (Karachi) Rs/10 gm 50,442.4250,400.17CENTRAL BANK AUCTIONSTreasury bill auction results:Cut-off yield (pct) at auction onMarch 28March 14 Three-month bills6.25916.2591 Six-month bill...Read More

UPDATE 1-Japan's crude imports fall to lowest Feb level in 49 years

March 30, 2018 / www.kitco.com

* Crude imports fall to 2.99 mln bpd* Total product sales rise 1.7 pct (Adds details, table)TOKYO, March 30 (Reuters) - Japan's crude oil imports last month fell 15.4percent from a year earlier to 2.99 million barrels per day (13.33 millionkilolitres), the lowest for the month of February since 1969, monthly data fromthe Ministry of Economy, Trade and Industry (METI) showed on Friday.Total oil sal...Read More

Pakistan's central bank keeps policy rate unchanged at 6 percent

March 30, 2018 / www.kitco.com

ISLAMABAD, March 30 (Reuters) - Pakistan's central bank onFriday kept interest rates unchanged at 6 percent, citingprospects for strong growth and inflation "within comfortablebounds" for the next year, the bank said in a statement.The State Bank of Pakistan statement said the indicatorswere marred by a higher current account deficit, which it said could affect stability.But it said &quo...Read More

Small cap movers: Instem proves what the doctor ordered in surprisingly busy week for corporate news

March 30, 2018 / www.proactiveinvestors.co.uk

It might have been a fore-shortened trading week ahead of the Easter break but there was still an egg-load of corporate news released as the first-quarter came to a close, with some even provoking good gains.Among the highlights, Instem Plc (LON:INS), a technology provider to the drugs industry, shot 25% higher to 233p after it announced a significant contract extension from a company using its SE...Read More

BUZZ-USD/JPY-Kijun limits dip in scant holiday trading

March 30, 2018 / www.kitco.com

* USD/JPY's 106.12 low is right on the daily Kijun support* Almost no trading seen amid holiday, but USD off broadly* USD pullback after pre-period-end positioning rally fades* 106.12-53 range should hold today unless major news breaks* NFP, trade & NoKo next week's focus. Bulls need a 107+ close<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^Chart: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

POLL-Russia central bank seen cutting key rate to 6.5 pct by year-end

March 30, 2018 / www.kitco.com

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=RUGDPYAP Reuters poll dataBy Zlata Garasyuta and Andrey OstroukhMOSCOW, March 30 (Reuters) - The Russian central bank isexpected to cut its key interest rate to as low as 6.5 percentby the end of the year, the level where it is seen holding thecost of borrowing throughout 2019, a monthly Reuters poll showedon Friday.The Bank o...Read More

Illegal gold miners invade Grace Mugabe's farm

March 30, 2018 / www.mining.com

About 400 illegal gold miners invaded a farm that belongs to former Zimbabwean first lady, Grace Mugabe.Local newspaper Newsday reports that Mugabe was touring the farm, located in the northern village of Mazowe which is some 40 kilometres north of Harare, when she ran into the miners. They were allegedly uprooting lemon trees, digging shafts and loading gold ore into lorries."When Grace arrived a...Read More

UPDATE 1-China launches new share listing options to attract innovative firms

March 30, 2018 / www.kitco.com

(Adds context)BEIJING/SHANGHAI, March 30 (Reuters) - China announced apilot scheme on Friday to encourage tech, bio-tech and high-endmanufacturing firms to list their shares in Shanghai andShenzhen.The move paves the way for domestic listings ofoverseas-listed tech giants such as Alibaba, JD.com, TencentHoldings, Baidu, Weibo and Sogou. The scheme, proposed by China's securities regulator, isaimed...Read More

Serbia's central bank buys euros to stem dinar gains - dealers

March 30, 2018 / www.kitco.com

BELGRADE, March 30 (Reuters) - Serbia's central bankpurchased an unspecified quantity of euros on the interbankmarket on Friday to stem gains of the dinar, dealers said.The bank which keeps dinar in a managed float on the foreigncurrency market, stepped in as the dinar traded at the rate of118.02 to the euro, or 0.2 percent stronger than the previousclose.A day earlier it purchased 20 million euro...Read More

Workers at Codelco's Radomiro Tomic mine reject contract offer

March 30, 2018 / www.mining.com

A union representing the majority of workers at Codelco's Radomiro Tomic mine in Chile has rejected a final offer for a new labor contract, forcing a period of government-facilitated mediation, the company said on Thursday.The union, part of state miner Codelco's Northern Division, has 744 members, the majority of the mine's workers.At the same time, Codelco said in a statement it had inked a wage...Read More

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