Cyril Ramaphosa isn't even president yet and mining companies are already changing their tune on South Africa.A former mine union leader and now one of the wealthiest black South Africans, the new leader of the ruling African National Congress is seen as more willing to negotiate investor-friendly policy, according to executives attending the African Mining Indaba conference in Cape Town this week...Read More

Cyril Ramaphosa isn't even president yet and mining companies are already changing their tune on South Africa.A former mine union leader and now one of the wealthiest black South Africans, the new leader of the ruling African National Congress is seen as more willing to negotiate investor-friendly policy, according to executives attending the African Mining Indaba conference in Cape Town this week...Read More

Cyril Ramaphosa isn't even president yet and mining companies are already changing their tune on South Africa.A former mine union leader and now one of the wealthiest black South Africans, the new leader of the ruling African National Congress is seen as more willing to negotiate investor-friendly policy, according to executives attending the African Mining Indaba conference in Cape Town this week...Read More

U.S. stocks are on a wild ride following a historic sell-off, with the Dow trading on both sides of the aisle so far today. Among the stocks moving higher today are optical components concerns Oclaro Inc (NASDAQ:OCLR) and Fabrinet (NYSE:FN), while Medicaid solutions provider Molina Healthcare, Inc. (NYSE:MOH) is struggling. Here's a closer look at what's moving shares of OCLR, FN, and MOH toda...Read More

   •  Resurgent USD offset risk-off environment.   •  Long-unwinding adds to the selling pressure. Gold came under some intense selling pressure during the early NA session and tumbled to session lows, eroding a major part of previous session's up-move. Despite a selloff in global equity markets, which tends to underpin demand for traditional safe-haven...Read More

(Updates to early afternoon U.S. trading, adds volatility index)* Wall St indexes experiencing big swings* Nikkei ends down 4.7 pct* Oil and industrial metals fall By Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - U.S. stocks were down moderately in early afternoon trading on Tuesday but were swinging wildly between positive and negative territory, a day after the Dow and S&P 500 indexes s...Read More

The CBOE Volatility Index (VIX) surged 115.6% on Monday -- its largest one-day pop on record -- as panic selling hit the U.S. stock market. And as inverse volatility notes plummeted while the Dow racked up its biggest two-day point drop to date, VIX options were in high demand, with volume hitting a record high on Friday and logging its second most-active trading day on Monday. Plus, according to...Read More

(Adds auction results, quote; Updates prices)* Prices volatile on concern about bond, stocks selloff* Soft demand for $26 bln three-year note auction* Mid-March T-bill yields rise on debt ceiling concern By Karen BrettellNEW YORK, Feb 6 (Reuters) - U.S. Treasury debt prices gained on the day on Tuesday as volatile equity markets led some investors to seek out lower risk bonds, though many investo...Read More

(Kitco News) - Gold andsilver markets were ending the U.S. day session moderately lower, with goldhitting a three-week low and silver futures closing at a six-week low close. Abig recovery in the U.S. stock market Tuesday, after Monday’s major beat-down,worked to push the metals markets down. Losses in the gold and silver marketswere limited, however, when the U.S. dollar index could not hol...Read More

(Kitco News) - Gold and silver markets were ending the U.S. day session moderately lower, with gold hitting a three-week low and silver futures closing at a six-week low close. A big recovery in the U.S. stock market Tuesday, after Monday’s major beat-down, worked to push the metals markets down. Losses in the gold and silver markets were limited, however, when the U.S. dollar index could no...Read More

(Adds Icahn quotes on leveraged ETFs, XIV)NEW YORK, Feb 6 (Reuters) - Billionaire activist investor Carl Icahn warned on Tuesday that investors have exposure to "way too many derivatives" and called the stock market's nosedive just "rumblings of an earthquake.""The market is really not a place for the average person to be playing around with derivatives," Icahn said...Read More

Richard Cowan, David MorganWASHINGTON (Reuters) - The Republican-led U.S. House of Representatives was set to vote on Tuesday on a short-term budget measure that would avert a rerun of last month’s three-day partial government shutdown, as lawmakers continued to grapple with divisive immigration measures.The stop-gap measure drafted by House Republicans would extend temporary funding for muc...Read More

Gertrude Chavez-DreyfussNEW YORK (Reuters) - Bitcoin recovered from three-month lows below $6,000 in choppy trading on Tuesday, but worries lingered about a global regulatory clampdown and moves by banks to ban buying bitcoin with credit cards.Investors swooped in after a steep fall. On the Luxembourg-based Bitstamp exchange, bitcoin hit $5,920, its lowest since mid-November, before recovering to...Read More

Semiconductor stock Analog Devices, Inc. (NASDAQ:ADI) has suffered a major pullback since touching a 17-year high of $98.38, with the shares trading near $87 at last check. However, the equity is now bouncing from the 200-day moving average, which not only contained its August pullback, but is also located near the $84 mark, a spot that once served as technical resistance that could now be serving...Read More

* Federal regulation may be needed to rationalize rules* Regulators say they need more resources* Hearing follows sharp drop in bitcoin price this year (Adds information on enforcement, Giancarlo quote)By Michelle Price and Pete SchroederWASHINGTON, Feb 6 (Reuters) - U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the...Read More

Gold prices finished lower on Tuesday, failing to find support from the recent plunge in the U.S. stock market as equities tried to bounce back and the dollar held relatively steady. April gold GCJ8, +0.30% fell $7, or 0.5%, to $1,329.50 an ounce, after a modest decline Monday. Prices had earlier climbed to as high as $1,349.30. Read: Gold investment demand down 23% in 2017: report "Gold isn't g...Read More

(Kitco News)- Monday’sbiggest one-day price drop in the Dow Jones should be a way up call forinvestors that they need to start taking risk management more seriously,according to one asset manager.In atelephone interview with Kitco News, Axel Merk, chief investment officer ofMerk Investments, said that he doesn’t think the unprecedented drop in equitiesMonday, coupled with a rise in vol...Read More

(Kitco News) - Monday’s biggest one-day price drop in the Dow Jones should be a way up call for investors that they need to start taking risk management more seriously, according to one asset manager.In a telephone interview with Kitco News, Axel Merk, chief investment officer of Merk Investments, said that he doesn’t think the unprecedented drop in equities Monday, coupled with a rise...Read More

Feb 7 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,833.30 -192.90 NZX 50**8,241.83 -173.46DJIA24,376.6930.94 NIKKEI**21,610.24-1,071.84Nasdaq7,005.41237.89 FTSE**7,141.4-193.58S&P 500 2,647.92 -1.02 Hang Seng** 30,595.42-1,649.80SPI 200 Fut 5,822.00 58.00 STI** 3,406.38 -76.55SSEC**3,369.71 -117.79 KOSPI** 2,453.31 -38.44--------------------------------------------...Read More

Feb 6 (Reuters) - Detroit will tap up to $55 million in surplus cash to retire some of the debt the city issued in 2014 as part of its exit from bankruptcy, under a plan approved on Tuesday by the city council. With debt service on outstanding bonds expected to substantially increase in 2025 with the commencement ofprincipal payments on various bonds, the city is taking steps to lower costs by all...Read More