* Indian exchanges to stop licensing deals with overseas bourses* Will stop providing data, terminate current contracts* Singapore is popular offshore market for Indian derivatives* Whether foreign investors will now come to India uncertain (Adds statement from Singapore Exchange)By Abhirup Roy and Savio ShettyMUMBAI, Feb 9 (Reuters) - India's three main stocks exchanges said on Friday they would...Read More

It was another volatile week of trading on Wall Street, withthe Dow trading in a more than 2,160-point range as of this writing, and sinking into correction territory. The bulk ofthe price action occurred to the downside -- a possible self-fulfilling prophecy, and marking the fastest S&P pullback from record highs in decades -- with the major benchmarksslumping to their biggest weekly losses in ye...Read More

(Kitco News) - Goldprices have erased early losses and are trading nearsteady as of this writing early Friday afternoon. Another big sell-off in theU.S. stock market is prompting safe-haven demand for gold. Look for the goldand silver markets to at least hold their own early next week, due to the keenuncertainty and anxiety that will be present on Monday morning. Bearish outsidemarkets Friday afte...Read More

(Kitco News) - Gold prices have erased early losses and are trading near steady as of this writing early Friday afternoon. Another big sell-off in the U.S. stock market is prompting safe-haven demand for gold. Look for the gold and silver markets to at least hold their own early next week, due to the keen uncertainty and anxiety that will be present on Monday morning. Bearish outside markets Frida...Read More

SAO PAULO, Feb 9 (Reuters) - Stocks in Brazilian retailers with strong e-commerce revenue hit session lows on Friday after Reuters reported that Amazon.com Inc was looking to lease a major new warehouse in Brazil. Units, a blend of shares in appliance retailer Via Varejo SA , extended their fall to 6 percent and reached a session low of 23.72 reais. Shares in Magazine Luiza SA touched 72.32 reais,...Read More

Panicking that the bitcoin bubble has finally burst? The popular cryptocurrency actually has a history of surviving crashes, and in its short life has already been through 13 major corrections or crashes. That's according to an analysis by data visualization site HowMuch, which compiled all of bitcoin's crashes, beginning in 2012, in one chart. Get more cryptocurrency updates from MarketWatch: Ch...Read More

The U.S. dollar has been bleeding recently, despite all the Fed’s tightening efforts and the passage of Trump’s tax cuts. An accelerating economy, rising interest rates and pro-growth reforms should logically drive the value of the American currency. But they didn’t. Given the strong negative correlation between the greenback and gold, finding the cause behind the dollar’s...Read More

(Bloomberg Prophets) -The 10-year Treasury yield is one of the best metrics for predicting the direction of commodity prices. Its increase in recent months indicates that commodities have more room on the upside. The correlation between commodity price and the 10-year has been strong over time, for a number of reasons.Interest rates are one of three elements that help determine the intrinsic price...Read More

(Bloomberg Prophets) -The 10-year Treasury yield is one of the best metrics for predicting the direction of commodity prices. Its increase in recent months indicates that commodities have more room on the upside. The correlation between commodity price and the 10-year has been strong over time, for a number of reasons.Interest rates are one of three elements that help determine the intrinsic price...Read More

The stock market tailspin of late has triggered the fastest exodus of bulls in decades. However, the recent correction could present buying opportunities for speculators who believe past is prologue. In fact, Dollar Tree, Inc. (NASDAQ:DLTR) stock tends to be among the best to buy after sharp S&P 500 Index (SPX) drops from record highs. Below, we take a look at why the discount retailer could be a...Read More

(Recasts headline and updates story throughout)By Kristen HaunssNEW YORK, Feb 9 (Reuters) -A US court ruled on Friday that a key lender to some of the largest companies should be exempt from a Dodd-Frank financial reform legislation requirement that investment firms hold some of their funds' risk.The US Court of Appeals for the District of Columbia Circuit ruled in favor of the Loan Syndications...Read More

LONDON, Feb 9 (Reuters) - The London Metal Exchange (LME) was likely to make fee cuts permanent on short- and medium-dated carry trades after volumes on those trades rose in January, despite slightly weaker overall turnover, it said on Friday.The LME cut fees on short-dated carries in October and on medium-dated carries in November in a bid to revive volumes after total turnover on the exchange fe...Read More

* Says 2017 fee and interest income 4 pct below plan's forecast* Working on 500 mln euro sale after 2.2 bln euro sales in 2017* Italian banks stepping up targets for bad loan sales (Adds comment on business plan)MILAN, Feb 9 (Reuters) - Banca Carige pledged on Friday to sell up to an extra 1 billion euros ($1.2 billion) in bad debts this year, joining the ranks of Italian banks that have bowed to...Read More

* Main indices all now in correction territory* Down more than 10 percent from Jan. 26 peaks* Bond yields steady, but volatility blips higher again* Indexes down: Dow 1.45 pct, S&P 1.25 pct, Nasdaq 1.7 pct (Updates with afternoon fall)By Sruthi ShankarFeb 9 (Reuters) - Wall Street's main indexes fell more than 1 percent in early afternoon trading on Friday, deepening losses in the past week th...Read More

BENGALURU/MUMBAI, Feb 9 (Reuters) - Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India.Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar."Retail buyers are comfortable with the current...Read More

(Kitco News)- In less than a month, BMO Capital Markets has lost its topleadership in the precious metals mining spaces as Egizio Bianchini gets readyto leave the bank to take an executive role at Ivanhoe Mines (TSX: IVN).After 29-years years at BMO, the bank announced Thursdaythat Bianchini’s has retired as vice-chair and co-head of its Global Metals& Mining Group. As of March 12, Bianc...Read More

* Cunliffe joins critics of EU Brexit guidance for funds* Cunliffe says Brexit won't lead to big risks for funds (Adds more detail)By Huw JonesLONDON, Feb 9 (Reuters) - Curbing the ability of asset managers located in Britain to run funds based in the European Union after Brexit would be costly and inefficient and could fragment markets, Bank of England Deputy Governor Jon Cunliffe said on Friday....Read More

ABUJA, Feb 9 (Reuters) - Nigeria's central bank said on Friday it had injected $325.64 million into the interbank foreign exchange market as part of efforts to boost liquidity and reduce dollar shortages.Nigeria, an OPEC member which has Africa's largest economy, fell into recession in 2016 largely due to low crude oil prices. Lower oil receipts led to dollar shortages since crude sales are the co...Read More

It has certainly been a chaotic trading week for the global equity markets, amid fears of mounting inflationary pressures and higher interest rates. Asian shares suffered heavy losses during early trading on Friday following Wall Street’s steep declines overnight. Wall Street experienced severe losses on Thursday with the Dow Jones Industrial Average plunging more than 1000 points. Now US st...Read More

MOSCOW, Feb 9 (Reuters) - Russia and South Africa are discussing a road map for the usage of platinum group metals (PGMs), Russian Natural Resources Minister Sergei Donskoi said in a statement on Friday.Donskoi discussed the need for more active cooperation in the usage of PGMs with his South African counterpart in Capetown on Friday, the statement said.(Reporting by Polina Devitt; Editing by Poli...Read More