* Voestalpine says up to 3 pct of group sales affected* Thyssenkrupp supplies 400,000-500,000 tonnes/year to U.S.* Voestalpine shares down 1.6 pct, Thyssenkrupp up 0.8 pct (Recasts with German steel association, Thyssenkrupp)ZURICH/FRANKFURT, March 9 (Reuters) - New U.S. tariffs onsteel and aluminium imports will have a limited impact on two ofEurope's top steelmakers, the companies said on Friday...Read More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
This first-of-its-kind, asset based (as opposed to measurement focused) machine health monitoring system has been designed to meet the changing needs of today's marine asset management professionals.This web based 'software-as-a-service' tool represents the first phase of a multi-segment software development strategy from SKF's machine health software team based in Gothenburg, Sweden. The goal is...Read More
The Constitutional Court of Guatemala will take longer than expected to decide whether precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) can resume operations at its Escobal silver mine, the company said.While Tahoe has not yet received the formal resolution, it said the delay is in part because the judge requires certain information that has to be provided within 15 business days b...Read More
The Constitutional Court of Guatemala will take longer than expected to decide whether precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) can resume operations at its Escobal silver mine, the company said.While Tahoe has not yet received the formal resolution, it said the delay is in part because the judge requires certain information that has to be provided within 15 business days b...Read More
Gold Fields Ltd.'s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine.Read full newsRead More
The gold miner reported a big jump in profits.Read full newsRead More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
Vast quantities of scarce metals are being lost from Europe's urban mine of vehicles, including 20 tons of gold each year-and the proportion of critical metals in vehicles is continuing to increase.Read full newsRead More
JOHANNESBURG, March 9 (Reuters) - South Africa's rand edgedfirmer on Friday, pausing a week-long slide on fears about theimpact of a potential global trade war following U.S. PresidentDonald Trump's plan to impose tariffs on steel imports.At 0645 GMT the rand was 0.04 percent weaker at11.9200 per dollar, having touched a low of 11.9450 overnight,bringing it closer to the 12.00 technical milestone...Read More
U.S. household debt jumped in the fourth quarter at the fastest pace of this expansion while wealth gains continued amid a rising stock market, underscoring the forces behind recent strength in consumer spending, a Federal Reserve report showed Thursday.Highlights of Household Wealth (Fourth Quarter)Household debt increased at 5.2% annual rate, most since 4Q 2007, after 3.5% in 3QNet worth&#x...Read More
Florian GrummesPosted Mar 8, 2018After failing at 11,800 USD for the second time Bitcoin has been quickly losing ground. Over the last couple of hours prices crashed more than 1,000 USD down to 9,400 USD. That´s a drawdown of nearly 20% in just three days. Volatility is obviously back since the market has finished its “slowly creeping up” phase.Technically Bi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow remains more than 1,700 points below its all-time high of Jan. 26.Jobless claims in the U.S. for the week ended March 3, rose 21,000 to 231,000, rebounding from a more than 48-year low.Donald Trump announced a 25% tariff on imported steel and a 10% levy on non-American aluminum. Wall Street Overview The Dow Jones Industrial Ave...Read More
U.S. to impose 25% levy on steel and 10% on aluminumGreenback rises against euro; Treasury yields declineDraghi Says Change in ECB's Language Was UnanimousU.S. stocks rose after President Donald Trump announced tariffs that were narrower than some traders had anticipated. Treasuries and the dollar gained.The S&P 500 advanced for the fourth time in five days as investors found relief in the pre...Read More
Lord, Grant us Chastity and Temperance... Just Not Yet!Most fund managers are in an unenviable situation nowadays (particularly if they have a long only mandate). On the one hand, they would love to get an opportunity to buy assets at reasonable prices. On the other hand, should asset prices actually return to levels that could be remotely termed "reasonable", they would be saddled with staggering...Read More
The latest news and price moves to start the Asian day on Friday March 9.The London Metal Exchange's three-month aluminium contract recovered above $2,100 per tonne at the 5pm close on Thursday March 8, with all eyes on the United States' tariff announcement. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The US announcement of a 10% tariff on alu...Read More
3 Hot Things Happening in the Markets Right Now It took just over a decade, but the S&P Financials sector has almost erased the massive losses inflicted by the Great Recession, notes Yardeni Research. The sector's stock price index is just 5.8% off its peak 11 years ago on February 7, 2007.Cigna (CI) will buy Express Scripts (ESRX) in a monster $67 billion deal. The question now: who will Am...Read More
Shares in Zanaga Iron Ore Company (LON:ZIOC) dropped 15% in London on Thursday after the company detailed its change of focus to a small-scale early production operation at its flagship Republic of Congo project.AIM-listed Zanaga, worth $50m after today's pullback, announced a $1.5m agreement with Glencore (LON:GLEN) for a 2018 work program on the early production project at the property located c...Read More
The latest news and price moves to start the Asian day on Friday March 9.The London Metal Exchange's three-month aluminium contract recovered above $2,100 per tonne at the 5pm close on Thursday March 8, with all eyes on the United States' tariff announcement. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The US announcement of a 10% tariff on alu...Read More
I've warned repeatedly that government regulators would be putting the squeeze on bitcoin and other cryptocurrencies.Well, the noose just got tighter.The Securities and Exchange Commission (SEC) announced yesterday that bitcoin and many other cryptocurrencies meet the government's definition of a security and are therefore subject to regulation. Importantly, crypto exchanges must register with the...Read More