Donald Trump signs executive order giving police more powers ... The President has signed three orders to tackle 'public safety' moments after he swore in Jeff Sessions as Attorney General. -UK IndependentDid Donald Trump run specifically on a law and order platform? We know he wanted more checks and balances but that is a lot different that insisting on good deal more police from the very beginni...Read More
Fed's Evans says inflation has to hit 2% for central bank to maintain credibility. Chicago Fed President Charles Evans has forecast two interest rate hikes this year but said he could be comfortable with a third. – MarketwatchThis article goes on about why the Federal Reserve has to raise price inflation in order to remain credible. Its point is that in the 1970s, inflation had to brought do...Read More
In New York on Thursday copper for delivery in March declined 1% at $2.6410 per pound or $5,822 a tonne despite news of strikes at three mines responsible for some 10% of total global output. Last week copper touched its highest level since June 2015 above $2.72 a pound.Protesting workers settled in for the long haul, equipped with stockpiles of gas cylinders, portable cookers and tents to wea...Read More
Mining giant BHP Billiton (ASX, NYSE:BHP) (LON:BLT) approved Thursday a $2.2 billion investment to expand its Mad Dog deep-water oilfield in the Gulf of Mexico.Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.The expansion of the project, operated by BP (LON:BP.A) (NYSE:BP), has the potential to increase produ...Read More
* Zambia scraps import tax plan* Vedanta expands in South Africa, Namibia, ZambiaBy Barbara LewisCAPE TOWN, Feb 9 (Reuters) - Indian mining company Vedanta Resources VED.L is urgently trying to overcome technical issues at its Zambian copper operations that it says have the potential to produce the metal for another 50 years.The mining industry as a whole has been frustrated by a lack of availab...Read More
Investing.com - Gold prices rose modestly in European morning trade on Thursday, holding near the prior session's three-month high amid growing concerns over political risks in Europe and economic uncertainty in the U.S.Gold for April delivery on the Comex division of the New York Mercantile Exchange inched up $2.10, or about 0.2%, to $1,241.60 a troy ounce by 3:10AM ET (08:10GMT), after rising $3...Read More
Scientists are worried about the Trump administration: His pick for the Environmental Protection Agency doesn't seem interested in protecting the environment, his energy secretary lacks the publication record of his highly academic predecessors, and the president himself once tweeted that global warming is a Chinese hoax. In light of such issues, they're planning a march to advocate the use of sci...Read More
SHANGHAI, Feb 9 (SMM) – Nonferrous metals futures fell across the board today with SHFE tin and nickel down 2%. While copper slid over 1%, SHFE zinc, aluminium and lead all edged down.The performance of the ferrous complex was no different from its base metals peers. Coke dropped nearly 2% while hot-rolled coil was down 1.5%. Rebar fell 1% as coking coal and iron ore slipped. Copper: T...Read More
SHANGHAI, Feb 9 (SMM) – LME copper inventory added over 40,000 mt over the past two days to 336,225 mt as of Friday February 9, highest level seen since May 2017. The ratio of cancelled warrants also dropped to 12.9% amid weak demand. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email ser...Read More
Scientists are worried about the Trump administration: His pick for the Environmental Protection Agency doesn't seem interested in protecting the environment, his energy secretary lacks the publication record of his highly academic predecessors, and the president himself once tweeted that global warming is a Chinese hoax. In light of such issues, they're planning a march to advocate the use of sci...Read More
James Corden talking about Louis Tomlinson on "The Talk".2.9.17DISCLAIMER :I do not own this video.Just uploaded for Twitter Update Account, @OT4Updatez!Read More
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World number four gold producer Goldcorp (NYSE:GG) announced on Wednesday it's acquiring New Gold's (NYSE:NGD) 4% gold stream on its El Morro project in Chile for $65 million in cash.El Morro is part of a joint venture between Goldcorp and Teck Resources. The Vancouver-based companies merged the El Morro and Relincho deposits in 2015 to create NuevaUnion in the Atacama region of Chile. Goldcor...Read More
Image: Grupo MexicoSouthern Copper Corp (NYSE:SCCO), the world's fifth largest copper producer in terms of output, has plans to increase copper production by two-thirds in just six years thanks to a raft of projects coming on stream towards the latter part of the decade.Last year the company, controlled by diversified resource and infrastructure giant Grupo Mexico, produced 906,000 tonnes of the r...Read More
Rio Tinto (ASX, LON:RIO), the world's second largest miner, delivered strong signs of a long-awaited turnaround in the industry by posting its first gain in annual profit since 2013.Higher iron ore prices boosted Rio's profit 12% to $5.1 billion last year, a significant turnaround from 2015, when it posted its worst underlying earnings in 11 years.The company, which is also the world's No. 2 iron...Read More
(Repeats with no changes to text)By Clyde RussellCAPE TOWN, Feb 8 (Reuters) - It should be a match made in heaven. Developing Africa's vast mineral resources to meet the needs of the resource-hungry economies of China and the rest of Asia.But if there is one message to take away from this week's Mining Indaba conference in Cape Town, it's that there remains a large gap between hopes and reality, a...Read More
* Euro weakens vs dollar, options show big bias for weaker euro* French bond yield spread over Germany widest since late 2012* Wall St set to dip after stocks gain in Europe and Asia* Oil falls on U.S. inventories; strikes push copper higher* Uncertainty pushes gold to three-month high* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Feb 8 (Reuters) - Political u...Read More
* European shares up 0.4 pct* Storebrand touches 9-year high on dividend* France's Vinci gains on 2017 forecasts* CAC 40 up 0.5 pct, outperforming peers (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)By Helen ReidLONDON, Feb 8 (Reuters) - European shares edged higher on Wednesday led by mining...Read More
Investing.com - Gold prices fell modestly in European morning trade on Wednesday, but remained supported close to the prior session's three-month high amid growing concerns over political risks in Europe and economic uncertainty in the U.S.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $2.70, or about 0.2%, to $1,233.35 a troy ounce by 3:00AM ET (08:00GMT),...Read More