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Japan April real wages flat, nominal pay rises

June 05, 2017 / www.kitco.com

TOKYO, June 6 (Reuters) - Japan's real wages were flat in April from the same period a year earlier, with rising prices offsetting gains in nominal pay and possibly hurting households' purchasing power.Real wages, which are adjusted for moves in consumer prices, were flat in April from a year earlier, labour ministry data showed on Tuesday. It followed a revised 0.3 percent annual fall in March.Wa...Read More

Brazil antitrust watchdog imposes tougher terms to approve deal -sources

June 05, 2017 / www.kitco.com

By Gabriela Mello and Tatiana BautzerSAO PAULO, June 5 (Reuters) - Brazil's antitrust watchdog Cade has demanded asset sales larger than initially expected by the country's largest for-profit college operators, Kroton Educacional SA and Est??cio Participa???ues SA, before it will approve their merger, three people with knowledge of the matter said on Monday.Cristiane Alkmin, the deal's rapporteur...Read More

China Says 31 Nationals Detained In Zambia For Illegal Mining

June 05, 2017 / www.kitco.com

By Ben Blanchard and Chris Mfula | BEIJING/LUSAKAZambia has detained 31 Chinese nationals for illegal mining in the African country's copper belt but has failed to provide strong proof of their crimes, a senior Chinese diplomat said as he lodged a complaint.Lin Songtian, the Chinese Foreign Ministry's director-general for African affairs, told a Zambian diplomat in Beijing that China understood an...Read More

Based Bilderberg Protester Lays Out Path To Dollar Destruction

June 05, 2017 / www.zerohedge.com

Content originally generated at iBankCoin.comA secretive group of 131 elite power brokers met last weekend at the heavily guarded Westfields Marriott in Chantilly, Virginia for the highly secretive annual Bilderberg meeting.Established in 1954 by Polish political advisor J??zef Retinger - founder of the European Movement which gave birth to the EU, the informal meeting of over 130 of the wo...Read More

New Zealand 1st qtr wholesale sales rise 2.1 pct

June 05, 2017 / www.kitco.com

WELLINGTON, June 6 (Reuters) - New Zealand seasonally adjusted wholesale sales jumped 2.1 percent in the first quarter, Statistics New Zealand data showed on Tuesday.Actual wholesale sales were 5.3 percent higher than the same quarter a year ago.The data is one of the final components of gross domestic product data to be released on June 15. (Reporting by Charlotte Greenfield and Ana Nicolaci da...Read More

New Zealand's building work value falls in 1st qtr

June 05, 2017 / www.kitco.com

WELLINGTON, June 6 (Reuters) - The seasonally adjusted value of New Zealand residential building work fell 0.8 percent in the first quarter, data from Statistics New Zealand showed on Tuesday.The value of non-residential building work fell 7.2 percent, resulting in a 3.5 percent drop in the total value of all building work. The full data is available at . (Reporting by Charlotte Greenfield and Ana...Read More

Jun 5 Uranium prices: Will the US dominate global uranium supply again?

June 05, 2017 / www.economiccalendar.com

The US used to be the world's powerhouse when it came to uranium production. From 1953 until the early 1980s the country dominated global production, by far, but then lower uranium prices resulted in mining shutdowns.Overall, the uranium deposits in the US are lower grade and more expensive to mine. This resulted in the country losing a big chunk of its market share to other countries including Au...Read More

Australian shares to edge lower, NZ down marginally

June 05, 2017 / www.kitco.com

June 6 (Reuters) - Australian shares were expected to open slightly lower on Tuesday, with commodity stocks set to come under pressure from falling oil and copper prices.Oil prices fell amid concerns that the cutting of ties with Qatar by Saudi Arabia and other Arab states could hamper a global deal to reduce oil production, while copper prices fell on a recovering dollar and an increase in Shangh...Read More

UK Police Release People Arrested After London Attack Without Charge

June 05, 2017 / www.kitco.com

Ten of the people arrested on Sunday as part of investigations into the London Bridge attack have been released without charge, British police said on Monday, meaning that all 12 arrested in the aftermath of the incident have now been let go.The Metropolitan Police also said in a statement that specialist officers were working with families and the coroner to identify those who died in the attack....Read More

Australia Police Kill Hostage Taker; Islamic State Claims Responsibility

June 05, 2017 / www.kitco.com

Australian police on Monday shot dead a gunman in the city of Melbourne who had been holding a woman hostage, police said, a confrontation for which the militant group Islamic State claimed responsibility.Australia, a staunch ally of the United States and its escalating action against Islamic State in Syria and Iraq, has been on high alert for attacks by home-grown militants returning from fightin...Read More

UPDATE 1-RBS braces for trial over 2008 share sale case

June 05, 2017 / www.kitco.com

(Adds confirmation of claimants' funding)By Andrew MacAskill and Lawrence WhiteLONDON, June 5 (Reuters) - Royal Bank of Scotland is set to face a trial it had hoped to avert over its 2008 share sale, as the last group of holdout investors in the case secured the funds they need to proceed to trial, a source involved in the claim said on Monday.The claimants will receive the remaining 2 million po...Read More

U.S. State Department Approves $1.4 billion In Military Sales To Saudi

June 05, 2017 / www.kitco.com

By Mike Stone | WASHINGTONThe U.S. State Department has approved the potential sale of more than $1.4 billion worth of military training and equipment for Saudi Arabia, the Pentagon said on Monday, part of a $110 billion arms deal U.S. President Donald Trump sealed with the kingdom in May.The proposed sales include a radar system made by Lockheed Martin Corp (LMT.N) as well as a training program f...Read More

A Trifecta Of Events To Influence Market Direction This Week

June 05, 2017 / www.kitco.com

Today precious metals prices have remained firm in a narrowly defined range, trading modestly higher. Market participants await the unfolding of three distinct events that will undoubtedly influence future pricing. Until then, traders and investors will be in a holding pattern, characterized by a wait and see attitude as events develop. It is likely that we will see narrowly defined ranges up unti...Read More

Jun 5 Uranium Participation Corporation (U,TSX) Reports Net Asset Value at May 31, 2017

June 05, 2017 / www.marketwired.com

TORONTO, ONTARIO--(Marketwired - June 5, 2017) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at May 31, 2017 was CAD$407.5 million or CAD$3.37 per share. As at May 31, 2017, UPC's investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts)QuantityFair ValueInvestments in Uranium: Uranium oxide in conce...Read More

CANADA STOCKS-TSX slips as financials, materials drive losses; energy bounces

June 05, 2017 / www.kitco.com

* TSX down 32.97 points, or 0.21 percent, to 15,409.78* Eight of the TSX's 10 main groups were down* Financials down 0.2 percent, materials off 0.5 percent* Energy up 0.1 percent By Solarina HoTORONTO, June 5 (Reuters) - Canada's main stock index fell on Monday as financial stocks dipped amid signs of cooling in Toronto's overheated housing market, while a rebound in energy stocks tempered some l...Read More

GLOBAL MARKETS-Stocks dip, dollar steadies as oil sinks on Mideast rift

June 05, 2017 / www.kitco.com

* Oil falls as Qatar rift threatens output cuts* Sterling recovers as investors focus on election* Wall Street closes lower as Apple losses offset gains in energy and finance sectors* Eyes are on Thursday's ECB meeting* Gold retreats after six-week high on Friday's U.S. jobs report (Adds Wall Street close; updates throughout)By Hilary RussNEW YORK, June 5 (Reuters) - Wall Street stocks dipped on M...Read More

The World's $100 Trillion Question: Why Is Inflation So Low?

June 05, 2017 / www.bloomberg.com

EU inflation remains muted even as economies there perk upChina's reflation impluse remains crucial to global pictureChina Inc. Healthy in Spite of DebtCentral bankers and investors are grappling with a $100 trillion question: why consumer price inflation remains so low in most parts of the world even as economic growth quickens.Compounding the riddle, question marks are now emerging over the one...Read More

Nigeria central bank imposes new spread limit in bid to increase liquidity

June 05, 2017 / www.kitco.com

ABUJA, June 5 (Reuters) - Nigeria's central bank introduced a new spread limit on interbank transactions on Monday, it said in a statement, in an attempt to boost liquidity in the currency market.All interbank transactions will be subject to a maximum spread of 1 naira ($0.0033), the Central Bank of Nigeria (CBN) said. A year ago, the bank had said the naira would trade with no pre-determined spre...Read More

Bolivia says consumer prices fell 0.02 pct in May

June 05, 2017 / www.kitco.com

LA PAZ, June 5 (Reuters) - Bolivian consumer prices fell 0.02 percent in May, bringing the country's inflation rate to 0.05 percent for the first five months of the year, the official National Statistics Institute said on Monday.The fall in May was due principally to a decrease in the price of food and nonalcoholic beverages, the institute said.Bolivia had an inflation rate of 4 percent in full-ye...Read More

Gold miners weak but not oversold

June 05, 2017 / www.mining.com

If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index closed at a 7-month low today, Gold is lagging a bit. Moreover, both Silver and the gold miners have not confi...Read More

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