YOKOHAMA, Japan/PARIS (Reuters) - Nissan Motor Co’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault (RENA.PA).The Japanese firm said its board also voted to remove Greg Kelly - who like Ghosn has been arrested after allegations of financial...Read More
Mr. Derek White reportsMETALLURGICAL TEST WORK INDICATES VERY HIGH GOLD RECOVERIES AT ASCOT'S PREMIER PROPERTY Ascot Resources Ltd.'s confirmatory metallurgical testwork on six new composites from the Premier/Northern Lights, Big Missouri and Silver Coin deposits produced outstanding gold recoveries over a range of grind sizes utilizing a gravity and leach process.Derek White, president and chief...Read More
BRUSSELS (Reuters) - Trade tensions between the United States and China are likely to dominate the G20 summit of the world’s 20 biggest economies next week, according to a senior European Union official who said the EU was keen to act as a bridge-builder.The United States and China have been imposing tariffs on each others goods in an escalating dispute over market access, forced technology...Read More
BRUSSELS (Reuters) - The German federal cartel office Bundeskartellamt expects a decision on the EU’s Facebook investigation in 2019, an official said on Thursday.Speaking at a conference in Brussels, Sandro Gleave said: “We are expecting a final decision early next year.”Reporting by Foo Yun Chee, editing by Robin Emmott Disclaimer: The views expressed in this article are those...Read More
BETHLEHEM, West Bank (Reuters) - Palestinian musicians are fast reaping dividends from their presence on Spotify, which launched its internet streaming service in the Middle East and North Africa last week.“The Arab hub provides a unique platform that brings the full spectrum of Arab culture and creativity, past and present,” said Suhel Nafar, a musician from the Israeli city of Lod wh...Read More
TOKYO (Reuters) - Japan’s annual core consumer inflation was unchanged in October from the previous month as soft household spending kept firms from hiking prices, a sign the economy lacks the momentum needed to achieve the central bank’s 2 percent target.The nationwide core consumer price index (CPI), which strips away the effect of volatile food costs, rose 1.0 percent in October fro...Read More
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said a slowdown in the central bank’s bond buying is different in nature from the U.S. Federal Reserve’s tapering of asset purchases, signaling that Japan is nowhere near an exit from ultra-loose monetary policy.But Kuroda also said the BOJ would need to shrink the size of its balance sheet once inflation accelerates, suggesting...Read More
Precious metals streaming and royalty company Maverix Metals (TSXV: MMX) forecasts it will exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.In the third quarter, Maverix recorded attributable gold-equivalent ounces sold of 6,195 ounces, and in the nine months ended Sept. 30, the company's total attributable gold-equivalent production reached 15,236...Read More
FRANKFURT (Reuters) - European Central Bank policymakers stressed at their meeting in October the need to reaffirm plans to dial back monetary stimulus even as some saw growing risks to the economy, minutes showed on Thursday.Investors have been questioning the ECB’s resolve to follow through on plans to stop its bond purchases at the end of the year and raise interest rates sometime after n...Read More
BEIJING (Reuters) - China rejected fresh U.S. accusations of perpetuating “unfair” trade practices and urged Washington on Thursday to stop making provocations, showing little sign of backing down days ahead a high-stakes meeting between leaders from both countries.President Xi Jinping is due to hold talks with U.S President Donald Trump during a G20 summit in Argentina at the end of t...Read More
BRUSSELS/LONDON (Reuters) - Britain and the European Union agreed a draft text setting out a close post-Brexit relationship, officials said, though wrangles over fish and the future of Gibraltar must still be settled before leaders meet on Sunday.Thursday’s news sent the pound nearly one percent higher on relief among investors that 18 months of tense negotiation were bearing fruit, keeping...Read More
BRUSSELS/LONDON (Reuters) - Britain and the European Union have agreed a draft text setting out a close post-Brexit economic relationship, paving the way for a summit of EU leaders to endorse the deal, European Council President Donald Tusk said on Thursday.Britain is due to leave the EU on March 29, 2019 and diplomats are trying to put the finishing touches to a divorce deal and the accompanying...Read More
Gold has been in focus of many traders as a classical defensive asset. Previously, US stock indexes and Gold have been showing a negative correlation, but not this time. From my perspective, Gold is setting up for a limited upside breakout or a more massive downside breakout. We haven’t seen any meaningful demand for Gold from current price levels. If you take a look at COT-reports, you woul...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) has halted all its gold mining operations in the country after violence broke out overnight during a strike by workers demanding higher wages.Operations at the Driefontein, Kloof and Beatrix mines, major sources of revenue for the precious metals miner, were suspended late on Wednesday due to increasing levels of brutality and intimidation,...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) has halted all its gold mining operations in the country after violence broke out overnight during a strike by workers demanding higher wages.Operations at the Driefontein, Kloof and Beatrix mines, major sources of revenue for the precious metals miner, were suspended late on Wednesday due to increasing levels of brutality and intimidation,...Read More
Zimbabwean miner RioZim is suing the country's Reserve Bank for $92 million, in a move intended to force it pay for more of its gold purchases from the company in US dollars.The company operates three gold mines, a nickel refinery and holds a minority stake in the Rio Tinto-run Murowa Diamonds. RioZim claims the bank is not paying enough for its products in American currency, as promised, which...Read More
The major indices started off the day strong, traded well into the afternoon, then sold off steeply into the close, shaving off most of the day's gains before the final bell before the Thanksgiving day holiday. The Dow Jones Industrial Average closed the day down one point to 24,465, while the S&P 500 rose 0.3% and the Nasdaq gained 0.92%. The Dow and S&P are still negative f...Read More
Chris VermeulenPosted Nov 21, 2018Are the metals markets ending a price correction in unison and preparing for a massive price advance? This is the question we asked our research team to investigate and their findings may help skilled traders identify great opportunities in the future.This multi-part research article will share our most recent opinion about the metals markets as well as share some...Read More
The Wednesday Market Minute Global stocks steady, with modest declines in Asia offset by gains for European benchmarks, as investors attempt to restore order on the final trading day of the week.Oil prices rebound following a Tuesday sell-off which push U.S. crude prices to the lowest level in more than a year as the dollar drifts and private data shows a drawdown in domestic stockpiles.Italy hi...Read More
SHANGHAI, Nov 21 (Reuters) - China's yuan was little changedagainst the dollar on Wednesday as corporate dollar sellingoffset the drag from a weaker official midpoint. Traders expect the yuan will be kept relatively steady aheadof a high-stakes meeting between U.S. President Donald Trump andChinese President Xi Jinping at the end of the month. Just a few weeks ago markets had hoped the meeting may...Read More