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Tom MilesGENEVA (Reuters) - There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast on Wednesday.U.S. President Donald Trump has launched a series of tariff-raising moves, upsetting allies and rivals alike.Trump is also vetoing th...Read More
Josh Smith, Soyoung KimSEOUL (Reuters) - State media calls North Korea’s nuclear weapons a “treasured sword of justice”.Pyongyang has released commemorative stamps and built monuments in honor of its ballistic missile tests, while nuclear and rocket scientists have been named national heroes.For Kim Jong Un, fully giving up nuclear weapons would mean a dramatic reversal for an au...Read More
Luis Canepari, Goldcorp's vice president, technology, reflects on this year's #DisruptMining competition and shares what he'd like to see next year.Read full newsRead More
BEIJING (Reuters) - China’s economic activity remained strong in the first quarter, with hiring close to a record high, but the outlook is cloudy as two key growth engines - property and commodities - show signs of cooling, a private survey showed on Wednesday.While first-quarter revenue looked strong, every sector except manufacturing saw profit growth weaken from late 2017, while investmen...Read More
Gold is trading under pressure today, resulting in a $10 decline. As of 4:00 PM Eastern standard time, gold futures (April futures contract) are currently off by $11.10 (-0.82%).Physical gold is also under pressure, currently trading off by $9.20. Today’s decline is the result of a combination of U.S. dollar strength as well as selling pressure. According to the Kitco Gold Index, today&rsquo...Read More
Nasdaq 100 is heading toward a monthly loss of almost 6%Greenback, Treasuries supported by faster-than-forecast growthTrade Causes Concern as 'Death Cross' EmergesMegacap tech shares slumped again Wednesday as pessimism about the sector showed few signs of letting up. The dollar jumped while Treasury yields held below 2.8 percent as data showed American economic growth beat estimates.Volatility me...Read More
Brendan PiersonNEW YORK (Reuters) - A former Chinese investment fund manager has lost a bid to dismiss charges by the U.S. Securities and Exchange Commission that he made $36 million from insider trading after being tipped about DreamWorks Animation SKG Inc’s acquisition by Comcast Corp and Lattice Semiconductor Corp’s planned acquisition by a private equity fund.U.S. District Judge Pa...Read More
WASHINGTON (Reuters) - The United States and South Korea have reached agreement in principle on a new trade pact and details will be released soon, the White House said on Tuesday.“We have come to an agreement in principle and we expect to roll out specific details on that very soon,” White House spokeswoman Sarah Sanders told a briefing.Her comments were the Trump administration&rsquo...Read More
Ben Blanchard, Shu Zhang, Christine KimBEIJING/SEOUL (Reuters) - North Korean leader Kim Jong Un was part of a secretive delegation that arrived in Beijing by train on Monday and left on Tuesday, according to a source familiar with the matter and foreign media reports.The visit, which would be Kim’s first known journey abroad since he assumed power in 2011, was not announced by North Korea o...Read More
Ann Saphir(Reuters) - The head of the Federal Reserve Bank of Atlanta, Raphael Bostic, waded into a potentially contentious debate at the U.S. central bank on Tuesday over whether to replace its 2 percent inflation target, saying he favors a new and nearly untested monetary policy strategy known as price-level targeting.That strategy, unlike the inflation-targeting approach in current use by the F...Read More
The sellers are taking control as Trump, Merkel, and Macron discuss trade practices. Gold bears are likely looking at 1,330.00 downside target. Gold is trading at around 1.344 down 0.7% on Tuesday as bears were unable to break above the 1.357 level. The fears of an all-out trade war between the US and China are easing and risk appetite is back with all the three major indices in Wall Stree...Read More
FTSE 100 closes up 111 points US stocks mixedHopes remain US/China trade war will be avertedFerguson top riser FTSE 100 joined global indices to shoot higher today after recent losses and closed up over 111 points.Britain's blue-chip benchmark closed just at around the 7,000 level, up 1.62% on the day.FTSE 250 was also higher - up over 202 points at 19,389.In the currency markets, the po...Read More
Mr. Derek White reportsASCOT RESOURCES ANNOUNCES CHANGE TO ITS FISCAL YEAR-ENDAscot Resources Ltd. is changing its fiscal year-end to Dec. 31, from its current fiscal year-end of March 31. The notice for the year-end change required under National Instrument 51-102 has been filed under the company's profile on SEDAR.Ascot believes this will better align the company's financial reporting periods to...Read More
Mr. Derek White reportsASCOT RESOURCES ANNOUNCES CHANGE TO ITS FISCAL YEAR-ENDAscot Resources Ltd. is changing its fiscal year-end to Dec. 31, from its current fiscal year-end of March 31. The notice for the year-end change required under National Instrument 51-102 has been filed under the company's profile on SEDAR.Ascot believes this will better align the company's financial reporting periods to...Read More
Analyst Jayant Bhandari explains why he's bullish on gold right now and shares his tips for investing in junior resource stocks.Read full newsRead More
It's not a big deal; only around $350m, but the Oz Minerals bid for Avanco Resources is another sign that quality assets can command a premium in a copper market hungry for new supply.Glencore owns 8% which sets up the tantalizing, albeit slim, prospect of a counter offer from the world's number three copper producerOz Minerals' cash and shares offer on Tuesday was made at a 121% premium to the ru...Read More
It's not a big deal; only around $350m, but the Oz Minerals bid for Avanco Resources is another sign that quality assets can command a premium in a copper market hungry for new supply.Glencore owns 8% which sets up the tantalizing, albeit slim, prospect of a counter offer from the world's number three copper producerOz Minerals' cash and shares offer on Tuesday was made at a 121% premium to the ru...Read More
It's not a big deal; only around $350m, but the Oz Minerals bid for Avanco Resources is another sign that quality assets can command a premium in a copper market hungry for new supply.Glencore owns 8% which sets up the tantalizing, albeit slim, prospect of a counter offer from the world's number three copper producerOz Minerals' cash and shares offer on Tuesday was made at a 121% premium to the ru...Read More
Microsoft was the worst Dow stock today, offsetting a big day for GEThe Dow finished over 300 points lower, reversing course after trading up as much as 244 points. The blue-chip benchmark appeared poised to extend Monday's gains on a big day from General Electric (GE), but ultimately was burned in afternoon trading by a severe drop in tech stocks. The tech-rich Nasdaq fared even worse than the...Read More