* Trump 'not thrilled' about U.S. interest rate hikes* Dollar retreats from year high vs major currencies* Copper hits one-year low as fund selling accelerates* Brent slips as focus returns to oversupply (Updates with close of U.S. trading)By Lewis KrauskopfNEW YORK, July 19 (Reuters) - The U.S. dollar pulled back from year-high levels on Thursday after U.S. President Donald Trump expressed concer...Read More
BRUSSELS, July 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Spanish fashion and cosmetics maker PUIG and German electrical appliances maker Bosch (NS:BOSH) Group's unit BSH to jointly acquire Spanish perfume maker Noustique (approved July 18)-- Metals and commodities company Liberty House G...Read More
* Trump 'not thrilled' about interest rate hikes* Dollar retreats from year high vs major currencies* China boosts liquidity, set for more policy easing* Copper hits one-year low as fund selling accelerates (Updates with afternoon trading)By Lewis KrauskopfNEW YORK, July 19 (Reuters) - The U.S. dollar pulled back from year-high levels on Thursday against a basket of major currencies, while U.S. Tr...Read More
* Strong dollar hits metal prices, could hit results of MNCs* Weak results, flattening yield curve hurt financials* Comcast gains on dropping Fox bid; Fox down, Disney up* Dow, S&P, Nasdaq drop; Small-cap Russell 2000 moves higher* Trump says "not thrilled" about Fed decision to hike rates (Changes comment; adds details, prices)By Amy Caren DanielJuly 19 (Reuters) - U.S. stocks were...Read More
* China boosts liquidity, set for more policy easing* Dollar hits 1-year high against group of major currencies* Copper hits one-year low as fund selling accelerates* Wall Street hit by weak earnings, escalating trade tension (Updates with open of U.S. markets; changes dateline, previous LONDON)By Lewis KrauskopfNEW YORK, July 19 (Reuters) - The U.S. dollar hit a year high on Thursday against a ba...Read More
Investing.com - Metal prices continued to falter on Thursday amid trade concerns and a strengthening U.S. dollar.Comex gold futures for August delivery decreased 0.88% to a one-and-a-half-year low of $1,217.10 a troy ounce as of 10:58 AM ET (14:58 GMT).The precious metal was held back as trade tensions continued after China said the White House was wrong to blame Chinese President Xi Jinping for b...Read More
* Dollar hits 1-year high against group of major currencies* Pound falls below $1.30 as Brexit, data woes continue* European shares flat, Wall Street expected to dip* China yuan hits 1-year low on stimulus, tariff issues* Metals badly dented by China worries** Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, July 19 (Reuters) - The dollar climbed to a one-year high but...Read More
Fatality at Serabi mine: NMBCapital marketsArizona deal a sign of relaxed capital discipline?M&A"We have had some really positive surprises out of this process"LeadershipKing River's 'overnight' success story stretches back to 1970SPONSOREDking river copperMining Journal: Why did you hand back the 30% of T3 and take a stake in...Read More
Hudbay to take part of Doubleview's HatM&ASolGold set to shineSPONSOREDsolgold Nifty produced 8,853 tonnes of copper in the first half of the year, behind where the company expected.Metals X was around 4-6 weeks behind where it expected to be at the end of June, but the completion of the replacement of 4.4km of conveyer for the underground crusher was completed during the quarter, paving...Read More
SANTIAGO, July 19 (Reuters) - A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike.The union said that because of the breakdown it would reject a final proposal that could be submitted by the company up to July 24, and that government mediation would be the only way for...Read More
(Bloomberg) - A new round of trade war tensions is sending metal markets into a tailspin. Copper crashed through $6,000 a metric ton for the first time in a year and is headed for its biggest monthly drop since 2015. Zinc, lead, nickel and aluminum tumbled as the dollar rose for a third day.Metals are accelerating a sell-off that started in early June over fears that the trade fight between China...Read More
While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that - $273 billion to be precise - was written off, research from Morgan Stanley shows.In a study carried out in conjunction with PricewaterhouseCoopers (PwC), the American investment bank found that the extent of the write-downs was almost as high as the dividends paid by the world's top...Read More
* FTSE 100 up 0.7 pct* easyJet hikes guidance, shares rise* Smiths Group unit hit by EU regulation* Brexit worries, inflation data hit sterling (Updates prices, adds details, quotes)By Kit Rees and Helen ReidLONDON, July 18 (Reuters) - A weaker pound helped Britain's top share index march higher on Wednesday as company earnings took centre stage with Smiths Group suffering.The blue-chip FTSE 100...Read More
Investing.com - Gold prices were steady near a one-year low on Wednesday as a higher dollar and comments from Federal Reserve Chair Jerome Powell continued to weigh.Comex gold futures for August delivery decreased 0.29% to $1,223.80 a troy ounce as of 10:46 AM ET (14:46 GMT).Powell reiterated the central bank should gradually increase interest rates at his hearing at Congress on Tuesday. Trade ten...Read More
(Bloomberg) -- Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc (NYSE:C)., which shrugged off fears for world growth to boost its long-term forecasts.“Prepare for a decade of Dr. Copper on steroids,” analysts including Max Layton and Tracy Liao wrote in a July 17 note. The bank sees average annual prices a...Read More
(Adds company news items and futures)July 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 36 points higher at 7,662 on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.37 percent ahead of the cash market open.* EASYJET: British low cost airline easyJet EZJ.L upgraded its full-year guidance, forecasting that profit could soar as much as 45 percent this year, benef...Read More
(Adds details)By Sudarshan VaradhanNEW DELHI, July 18 (Reuters) - India's southern state of Tamil Nadu (NS:TNNP) will ask the nation's environment court to dismiss a Vedanta Ltd VDAN.NS petition seeking to reopen its copper smelter, a lawyer representing the state government said on Wednesday.The Tamil Nadu government ordered the permanent closure of the plant and disconnected its power supply in...Read More
(Corrects day in first paragraph to Wednesday from Thursday)NEW DELHI, July 18 (Reuters) - Southern state of Tamil Nadu (NS:TNNP) will ask India's environment court to dismiss Vedanta Ltd's VDAN.NS petition seeking to reopen its copper smelter, a lawyer representing the state government said on Wednesday.The Tamil Nadu government ordered the permanent closure of the plant and disconnected its powe...Read More
Orla hits 147.7m at 1.25% copperResource definitionSolGold set to shineSPONSOREDsolgoldSince January last year, JS has flogged $8.5 billion in assets, including the entire coal business. The latest deal was the widely flagged $3.5 billion sale of Rio's post-2022 40% share of produ...Read More
(Bloomberg) - Copper's slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc., which shrugged off fears for world growth to boost its long-term forecasts."Prepare for a decade of Dr. Copper on steroids," analysts including Max Layton and Tracy Liao wrote in a July 17 note. The bank sees average annual prices at $8,000 a metric ton in 2022, p...Read More