Investing.com - Gold prices slumped on Friday as inflation data pointed to steady interest rate increases by the Federal Reserve.Comex gold futures for December delivery fell 1.17% to $1,211.90 a troy ounce as of 11:11 AM ET (16:11 GMT).The producer price index (PPI) increased 0.6% in October. The higher-than-expected numbers support the Fed’s gradual rate increase policy, which helped boost...Read More
* Walt Disney (NYSE:DIS) gains on strong Q4 results* General Electric (NYSE:GE) falls after J.P. Morgan cuts PT* U.S. crude in bear territory, below $60 a barrel* Indexes down: Dow 0.58 pct, S&P 0.74 pct, Nasdaq 1.10 pct(Updates to open)By Sruthi ShankarNov 9 (Reuters) - U.S. stocks fell on Friday, with shares of technology, energy and industrial companies bearing the brunt of a selloff, a...Read More
* Walt Disney (NYSE:DIS) gains on strong Q4 results* General Electric (NYSE:GE) falls after J.P. Morgan cuts PT* U.S. crude in bear territory, below $60 a barrel* Futures down: Dow 0.55 pct, S&P 0.58 pct, Nasdaq 0.91 pct (Changes comment, adds details, updates prices)By Sruthi ShankarNov 9 (Reuters) - U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raise...Read More
Nov 9 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -------------------------------------------------...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* Futures down: Dow 0.49 pct, S&P 0.54 pct, Nasdaq 0.82 pctBy Sruthi ShankarNov 9 (Reuters) - U.S. stock index futures fell on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.This gave investors...Read More
* MSCI Asia-Pacific index loses 1.3 pct, Nikkei sheds 1.05 pct* Fed stands pat but still on track to gradually hike rates* Dollar supported with short-term U.S. yields at decade highs* Prospect of swelling global supply keeps crude near 8-mth lows* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Shinichi SaoshiroTOKYO, Nov 9 (Reuters) - Asian stocks pulled back from a one-month high on...Read More
(Bloomberg) -- China’s massive import expo is starting to wind down in Shanghai. From million-dollar shoes to robots and toys, here’s what Bloomberg’s reporters saw as the highlights.There’s been hundreds of deals and agreements signed at the expo, according to Bloomberg calculations. A lot of those have been energy and commodity deals, like Chinalco’s agreement on Th...Read More
* MSCI Asia-Pacific index loses 1.1 pct, Nikkei sheds 0.8 pct* Fed stands pat but still on track to gradually hike rates* Dollar supported with short-term U.S. yields at decade highs* Prospect of swelling global supply keeps crude near 8-mth lows* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Shinichi SaoshiroTOKYO, Nov 9 (Reuters) - Asian stocks pulled back from a one-month high on F...Read More
Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More
A tight copper market may be set to get a lot tighter, if a report this week from the world's biggest miner of the metal is any indication.Santiago-based Codelco posted the lowest quarterly copper production this year in the third quarter, according to Chile copper agency Cochilco. The company reported declines across all of its mines in September as ore grades fell an average of 5 percent in the...Read More
* U.S. crude output tripled since 2008: https://tmsnrt.rs/2D82k38* China can still import some Iranian crude* U.S. output to top 12 mln bpd by mid-2019 -EIA(Updates with settlement prices, post-settlement trading)By Jessica Resnick-AultNEW YORK, Nov 8 (Reuters) - Oil prices fell nearly 2 percent on Thursday as investors focused on swelling global crude supply, which is increasing more quickly than...Read More
* S&P extends losses, Dow goes negative after Fed decision* Energy index tumbles as U.S. crude oil enters bear market* Bank stocks end higher as yields rise* Dow up 0.04 pct, S&P falls 0.25 pct, Nasdaq down 0.53 pct(Updates to close, adds commentary)By Sin?(C)ad CarewNEW YORK, Nov 8 (Reuters) - The S&P 500 and Nasdaq closed slightly lower on Thursday after a Federal Reserve statement,...Read More
(Recasts with Fed announcement, adds comment, updates prices)* Gold edges down for a fifth straight session* Fed holds interest rates steady* Platinum near more than 4-month highsBy Sethuraman N R and Karthika Suresh NamboothiriNov 8 (Reuters) - Gold eased to a one-week low on Thursday on a stronger dollar, after the Federal Reserve held interest rates steady and was seen on track for further rate...Read More
Investing.com - Gold prices erased gains seen a day earlier when news that the Democrats had taken control of the House of Representatives, effectively creating a political gridlock in Congress, had dampened demand for the dollar and benefited the precious metal. As gold pulled back to Tuesday’s closing price, investors focused their attention on the upcoming monetary policy decision from th...Read More
Nov 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of November 6, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- Accurate Products Corporation Pvt Ltd BGCRISIL A3+7Reaffirmed Active Tools Pvt LtdPacking CreditCRISIL A4+80R...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe company expects the reduced organisational structure will save about US$5 million per annum in corporate general and administrative expenses.The company, which operates the Pinto Valley copper mine in Arizona and the Cozamin mine in Mexico, said the move would also empower mine general managers and their teams to run operations as in...Read More
Cobalt is almost always a byproduct of nickel and copper mining. Image: Glencore InstagramSince hitting near decade highs in March, cobalt prices are down by more than a third, languishing in the low $50,000s.Now a new report sees the battery raw material recovering some 30% in price. And quickly.While a change in subsidies in China, responsible for half the world's EV sales, hasn't helped, it's m...Read More
SANTIAGO, Nov 8 (Reuters) - Chile's copper production from January to September this year jumped 7.3 percent from a year earlier, boosted by a sharp increase in production at BHP's Escondida copper mine.Chile, the world's top copper exporter, produced 4.25 million tonnes of copper in the first nine months of 2018.Escondida, in northern Chile, produced 950,900 tonnes through September, up 57.8 perc...Read More
State-owned Indonesian miner PT Indonesia Asahan Aluminium (Inalum) on Thursday sold $4 billion of bonds in its first-ever U.S. dollar bond deal to fund the acquisition of a majority stake in the world's second-biggest copper mine.The deal came amid choppy global markets, rocked by trade concerns and slowing economic growth in Asia - including Indonesia - that have made it hard for emerging market...Read More
TOKYO, Nov 8 (Reuters) - Japan's Sumitomo Metal Mining Co Ltd posted a 52 percent jump in half-yearly pre-tax profit on Thursday but cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output."It doesn't seem that there will be a quick settlement in the U.S.-China trade conflicts, which suggests no quick recovery in prices of metal...Read More