Aug 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 4 points lower at 7,555 on Monday, according to financial bookmakers.* Insurer Prudential PRU.L plans to consolidate all non-British European insurance business in its Dublin subsidiary as part of preparations for Britain's exit from the European Union, a letter to clients seen by Reuters showed. Dalmore Capital, Equitix enter bid...Read More
(Bloomberg) -- Global financial markets got uglier while Federal Reserve officials were on their August hiatus, but bond traders are wagering that won’t be enough to deter them from pressing on with monetary-policy tightening in the world’s largest economy.Turkey-induced turmoil has spread across emerging markets, roiling countries from Argentina to South Africa and fueling fears of fu...Read More
Diggers & Dealers Q&A: Byrnecut's Pat BoniwellSPONSOREDbyrnecutArafura answers the call for magnet metalsSPONSOREDarafura resourcesOpportunities abound on Orion's beltSPONSOREDorion mineralsSolGold set to shineSPONSOREDsolgold The company said the worker passed away yesterday, following a fall while constructing an electrical transmission line in the tailings management facility a...Read More
First Quantum Minerals (TSX:FM) regrets to announce that a worker at its Cobre Panama project passed away today following a fall whilst constructing an electrical transmission line in the tailings management facility area. A second worker was injured in the same incident and has been transferred to hospital.Cobre Panama has advised the relevant authorities and will assist their investigations. An...Read More
The world's biggest miner, BHP, said on Tuesday its full-year profit jumped 33 percent, helped mainly by robust oil and base metals prices.Underlying profit for the full year ended June 30 rose to $8.93 billion from $6.73 billion a year earlier. That missed an estimate of $9.27 billion according to 15 analysts polled by Thomson Reuters I/B/E/S.Underlying profit is watched by analysts and investors...Read More
SANTIAGO, Aug 20 (Reuters) - Chile's gross domestic product grew 5.3 percent in the second-quarter of 2018 compared with a year earlier, its biggest jump in nearly six years, the central bank said on Monday.The sharp increase in growth, up 0.7 percent over the first quarter of 2018 according to bank figures, came amid strength in the manufacturing and commerce sectors.The bank predicts growth will...Read More
Investing.com - Trade talks between the United States and China are likely dominate market headlines in the week ahead following reports that the two countries are reportedly working on a plan to end their ongoing trade dispute.U.S.-Sino trade-war fears have been simmering for months, keeping market gains in check with investors jittery over the prospects of further escalation in tensions between...Read More
Investing.com - This week investors will get the chance on Wednesday to parse through the minutes of the Federal Reserve’s August meeting, when it left interest rates unchanged and indicated that it remains on track for additional rate hikes this year.Investors will be on the lookout for any tweaks to the Fed’s outlook on inflation, the economy and trade war fears.On Friday, Jerome Pow...Read More
Investing.com - Oil traders will stay focused on a host of bearish factors currently affecting the crude market in the week ahead, after prices suffered another weekly loss last week.U.S. WTI crude posted its seventh straight weekly drop on Friday, marking its worst losing streak in three years, falling 2.5%.Brent, the global benchmark, meanwhile suffered its sixth week of declines in seven, slidi...Read More
Investing.com - Gold prices look likely to remain under pressure this week as a combination of a stronger dollar and higher Treasury yields make the precious metal less attractive to investors.Gold has also struggled as its inverse relationship to the firmer dollar has outweighed safe haven demand.On Wednesday investors will get the chance to parse through the minutes of the Federal Reserve’...Read More
(Updates through close of U.S. trading)By David RandallNEW YORK, Aug 17 - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.The Wall Street Journal reported on Friday afternoon that Chinese and U.S. negotiators are drawing...Read More
SolGold set to shineSPONSOREDsolgold Copper was trading at US$2.65/lb on the London Metal Exchange at the end of last week, a level not seen since July last year and down from US$3.30/lb in early June , as workers settled deals at the BHP-controlled Escondida mine and the Japanese-owned Caserones mine.Members of the 2,500-strong union at Escondida overwhelmingly approved a new deal during a mid-w...Read More
Gold, base metals downCapital marketsWhether targeting a debt-free status is good, or not so good, is not really the question because a growing number of mining companies have already achieved that goal, or soon will.Read More
Orla hits 147.7m at 1.25% copperResource definitionA rising force in the 'Ring of Fire'SPONSOREDasiamet resources Tony Manini, executive chairman of the company, where JP Morgan has built a near 8.4% stake, said the BFS should outline "the attractive economics" of the proposed operation, providing a springboard for a management offensive to obtain funding for an openpit mine producing 25,...Read More
Commodity markets have gone haywire - and hedge funds with picture-perfect timing are set to rake in stellar profits.As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall, subsequently extending bearish wagers to a record coming into the maelstrom of the past few days.Hedge funds' net position stood at a negative 51 percent in precious me...Read More
A copper band found in Coastal Georgia revealed that ancient Native Americans engaged in extensive trade networks spanning far greater distances than what has been previously thought.Discovered by a group of anthropologists, the band is slightly wider than a bracelet. It was located alongside the cremated remains of at least seven individuals at a burial site. According to the researchers, this is...Read More
Chile's Antofagasta, one of the world's leading copper producers, expects copper prices to continue to be volatile due to global trade tensions, the head of the company was quoted in a local newspaper as saying on Sunday.Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty, according to an interview published in Chilean newspaper La Te...Read More
* M.D. Ranganath to continue as CFO till Nov. 16* Board says will launch search for new CFO (Adds executive's statement, background)MUMBAI, Aug 18 (Reuters) - The Chief Financial Officer of Infosys Ltd INFY.NS has tendered his resignation just seven months after India's second-biggest software services exporter appointed a new Chief Executive Officer.The board of Bengaluru-headquartered Infosys...Read More
MUMBAI, Aug 18 (Reuters) - Infosys Ltd INFY.NS on Saturday said its board had accepted the resignation of Chief Financial Officer (CFO) M.D. Ranganath.He had been appointed as the CFO of India's second-biggest software services exporter in 2015. Ranganath, popularly called Ranga, will continue in his current position as chief financial officer till November 16, 2018, Infosys said in a stock exch...Read More
(Adding announcement of presidential candidate; response by US Embassy and Theresa May)By Saad SayeedISLAMABAD, Aug 18 (Reuters) - Former cricket star Imran Khan was sworn-in as prime minister of Pakistan on Saturday, taking on the challenge of forming a coalition to govern as a currency crisis looms over the turbulent, nuclear-armed South Asian country.Khan won the national election last month pr...Read More