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Congress Leaders Seek To Finalize $1.3 Trillion Spending Bill

March 20, 2018 / www.kitco.com

Susan Cornwell, Richard CowanWASHINGTON (Reuters) - U.S. lawmakers sought to reach agreement on Tuesday on a massive government spending bill that Congress hopes to pass by Friday, with immigration issues such as President Donald Trump’s border wall a stumbling block in the negotiations.U.S. House of Representatives Speaker Paul Ryan said he expected lawmakers to finish writing the $1.3 tril...Read More

G20 Ministers Call For 'Further Dialogue And Actions' On Trade

March 20, 2018 / www.kitco.com

Anthony Boadle, David LawderBUENOS AIRES (Reuters) - The world’s financial leaders on Tuesday reaffirmed their commitment to fighting protectionism but called for “further dialogue and actions” on trade, just days before U.S. metals tariffs take effect and U.S. President Donald Trump readies sanctions on China.Finance ministers and central bankers of the world’s 20 biggest...Read More

Snap Attracts Option Bears as Stock Swoons With Facebook

March 20, 2018 / www.schaeffersresearch.com

Kylie Jenner, Rihanna, and now FB have weighed on the Snapchat parentIt's been a rough few weeks for the shares of Snapchat parent Snap Inc (NYSE:SNAP). On Feb. 22 -- just a couple weeks after SNAP gapped to an eight-month high after earnings -- the stock tumbled after reality TV star Kylie Jenner reacted to the mobile app's controversial new layout. Then, late last week, SNAP stock was smacked ag...Read More

Drug Stock Crushed By Short Seller Report

March 20, 2018 / www.schaeffersresearch.com

ARNA and MRNS stocks are trading sharply higher todayThe Dow is set for a nice win today, thanks in part to rising oil prices. Three stocks making notable moves are drugmakers Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Marinus Pharmaceuticals Inc (NASDAQ:MRNS), and Proteostasis Therapeutics Inc (NASDAQ:PTI). Let's take a closer look at what's moving shares of ARNA, MRNS, and PTI.Trial Results Driv...Read More

Cryptocurrencies Need Monitoring, Not Banning: Italy's Visco

March 20, 2018 / www.kitco.com

BUENOS AIRES (Reuters) - Financial policymakers gathering in Buenos Aires on Tuesday agreed cryptocurrencies posed some risks but should not be banned altogether, the head of Italy’s central bank said on Tuesday after the meeting.“My understanding is that there was an acceptance of continuing to work also on the stability side with the idea that this doesn’t imply barring it,&rdq...Read More

Oil rises to three-week high on Middle East tensions, Venezuela concerns

March 20, 2018 / www.kitco.com

NEW YORK (Reuters) - Oil prices rose to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the negative impact of growing U.S. crude production.Brent crude LCOc1 futures for May delivery rose $1.75 to $67.80 a barrel, a 2.7 percent gain by 12:09 p.m. EDT, their highest level since late February. U.S. W...Read More

Wall Street climbs with oil, but Facebook's slide checks gains

March 20, 2018 / www.kitco.com

(Reuters) - U.S. stocks rose on Tuesday, with energy stocks leading the way on a jump in oil prices, but another drop in Facebook’s shares kept the gains on the Nasdaq Composite and the S&P in check.Shares of Facebook (FB.O) fell 4.7 percent after Bloomberg reported the U.S. Federal Trade Commission is investigating the social network company over its use of personal data.The stock sank...Read More

Gold weakens back to yesterday's over 2-week lows

March 20, 2018 / www.fxstreet.com

   •  USD regains traction and prompts some fresh selling.   •  Improving risk appetite adds to the downward pressure.   •  Fed rate hike expectations did little to lend any support. Gold continued losing ground through the mid-European session and dropped back closer to over 2-week lows, touched in the previous session. The latest l...Read More

Rio Tinto to Reduce Debt With $2.25 Billion Bond Purchase, Redemption Plan

March 20, 2018 / www.4-traders.com

By Adria CalatayudRio Tinto PLC said Tuesday that it is launching a bond purchase and redemption plan worth up to $2.25 billion to reduce its gross debt. The Anglo-Australian miner said it has issued redemption notices for approximately $1.4 billion of its U.S. dollar-denominated notes maturing in 2021 and 2022. It has also started invitations to holders outside the U.S. for up to $850 million eq...Read More

Seeing Machines happy with the growth in different sectors in 'strong first half'

March 20, 2018 / www.proactiveinvestors.co.uk

Seeing Machines Limited's (LON:SEE) Ken Kroeger and Patrick Nolan talk to Proactive about a strong first half and the number of opportunities for its technology in aviation.Patrick Nolan, head of aviation, said he was excited about three applications: "Firstly, aircraft, then into the simulators with significant requirements for pilot training there."And thirdly what we are interested in is consol...Read More

Gold, Silver Prices Sink On Rally in Greenback, Bearish Technicals

March 20, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were moderately lower in early afternoon U.S. trading Tuesday,pressured by a stronger U.S. dollar index on this day and some chart-based selling.Gold hit a three-week low, while silver prices notched a three-month low. April Comex gold futures were last down $7.10 an ounce at $1,310.70. May Comex silver was last down $0.165 at $16.16 an ounce.Themarketplace is...Read More

Gold, Silver Prices Sink On Rally in Greenback, Bearish Technicals

March 20, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were moderately lower in early afternoon U.S. trading Tuesday, pressured by a stronger U.S. dollar index on this day and some chart-based selling. Gold hit a three-week low, while silver prices notched a three-month low. April Comex gold futures were last down $7.10 an ounce at $1,310.70. May Comex silver was last down $0.165 at $16.16 an ounce.The marketplace...Read More

B&Q stores chain Kingfisher to provide hints to health of UK retail sector with full-year results

March 20, 2018 / www.proactiveinvestors.co.uk

Worries over the health of the UK retail sector will make full-year results from B&Q owner Kingfisher PLC (LON:KGF) a key focus on Wednesday.Ina preview, Graham Spooner, research analyst at The Share Centre noted: "The last update from Kingfisher, a third quarter statement in November, was notable for signs of continued weakness in the French businesses although the company said it remained on...Read More

Thor Mining to maximise value on its three 'cracking' copper and tungsten projects

March 20, 2018 / www.proactiveinvestors.co.uk

Mick Billing, executive chairman of Thor Mining PLC (LON:THR) caught up with Proactive Investors too add some more detail around their recent decision to focus solely on their tungsten and copper interests in Australia and the US.Billing says the time has come to absolutely focus all efforts on Pilot Mountain, Molyhil and Kapunda.  Meet Wolf Minerals, Thor Mining PLC, Rainbow Rare Earths Limi...Read More

Zambia to conduct tax audit of mining companies for past 6 years

March 20, 2018 / www.mining.com

(Bloomberg) - Zambia's tax agency plans to conduct audits on mining companies in the country running back six years after uncovering 76.5 billion kwacha ($7.9 billion) of underpayment by a "prominent" miner.The Zambia Revenue Authority may extend the period of the audit should it find a pattern of "consistent, systematic, premeditated" tax evasion, it said in a statement."We are announcing the pr...Read More

Options Bulls Flock To FedEx Stock Ahead Of Earnings

March 20, 2018 / www.schaeffersresearch.com

Call buying has been popular on FedEx stock in recent weeksFedEx Corporation (NYSE:FDX) is all over the news today after a package exploded at the San Antonio FedEx facility, possibly in connection with other serial bombings in Austin, Texas. In addition, the company announced it will add 500 new locations in Walmart stores over the next two years. In addition to this flurry of news, FedEx is als...Read More

FREE MCX TIPS Tips for Copper – SELL Copper at CMP 447.30 for Target 442 – 440 with SL Above price level 450.10

March 20, 2018 / mcx.freetips.tips

TIPS FOR COPPER TODAYTips for Copper – SELL Copper at CMP 447.30 for Target 442 – 440 with SL Above price level 450.10AFTER POST CONTENT Read More

Global trade war biggest concern at G20 meeting: German minister

March 20, 2018 / www.kitco.com

BERLIN (Reuters) - Concerns about a global trade war dominated this week’s meeting of finance ministers from the G20 largest industrialised nations in Argentina, German Finance Minister Olaf Scholz told reporters traveling home with him.Scholz said a large majority of participants expressed concerns about a further escalation in the wake of planned U.S. tariffs on steel and aluminum, and und...Read More

Mining companies seek talks as Ivory Coast scraps tax exemption

March 20, 2018 / www.mining.com

(Bloomberg) - Mining companies in Ivory Coast called for talks with the government after it discontinued a tax exemption for industrial and commercial benefits.The measure would affect companies' "financial equilibrium" and could hurt foreign investment in the West African nation, an industry body representing the companies, known by its French acronym GMPCI, said in a statement published in the...Read More

Dow Higher at Midday as Fed Meeting Kicks Off

March 20, 2018 / www.schaeffersresearch.com

However, Facebook continues to weigh on techThe Dow Jones Industrial Average (DJI) is higher at midday, just as the two-day Fed monetarypolicy meeting kicks off. While the central bankers won't emerge until tomorrow, Wall Street is expecting new Fed Chair Jerome Powell to announce a rate hike. Oil prices, meanwhile, are lifting energy stocks, with front-month crude up 2.4% at $63.55 per barrel. H...Read More

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