TOKYO, Oct 31 - Japanese trading firm Mitsui & Co Ltd may sell its stake in an Australia thermal coal mine in the face of growing pressure to divest coal assets amid mounting concerns over climate change, its chief executive officer said on Wednesday."We've made it clear that we won't invest in new thermal coal mining projects," Mitsui President and Chief Executive Officer Tatsuo Yasunaga told ana...Read More
Editorial credit: Andriy Blokhin / Shutterstock.com(Kitco News) - Global central bank interest in gold is growing and has roomto grow according to one former senior executive at the New York FederalReserve.That growing sentiment could be felt during the LondonBullion Market Association’s 2018 precious metals conference, which includedmore than 30 delegates from central banks around the world...Read More
Editorial credit: Andriy Blokhin / Shutterstock.com(Kitco News) - Global central bank interest in gold is growing and has room to grow according to one former senior executive at the New York Federal Reserve.That growing sentiment could be felt during the London Bullion Market Association’s 2018 precious metals conference, which included more than 30 delegates from central banks around the w...Read More
"Highlight: Yale Economics Professor and Nobel Laureate @RobertJShiller on the slowing housing market:Read full newsRead More
Facebook and General Motors are big earnings winners todayStocks are pushing higher once more, with the Dow Jones Industrial Average (DJI) up 389 points earlier in the session. The blue-chip benchmark is making a frenetic push to trim its steep October losses, but is still heading toward its worst month since January 2016. The S&P 500 (SPX) and Nasdaq Composite (IXIC) are vaulting higher tod...Read More
NEW YORK (Reuters) - The dollar edged up to a fresh 16-month high against a basket of key currencies on Wednesday on the back of continued U.S. economic strength, putting the greenback on pace for a seventh straight month of gains.Against a basket of its rivals, the dollar, was up 0.13 percent at 97.12, its highest level since June 2017.“If you look at the G10 as well as some of the emerging...Read More
The stock is one of the best to own in November, historicallyThe shares of FedEx Corporation (NYSE:FDX) have given up more than 8% in October, retreating in step with the broader stock market. However, the shipping stock is on the mend today -- and it could be the start of a longer rebound for FDX, if past is prologue.FedEx stock was last seen 2.2% higher at $221.38, attempting to topple its 20-da...Read More
WASHINGTON (Reuters) - The Pentagon has identified about 7,000 troops that could be deployed to the border with Mexico if needed, a U.S. official told Reuters on Wednesday.The official, speaking on condition of anonymity, said the number was an initial estimate and could change.“The total number of troops deployed will change each day as military forces flow into the operating area, but init...Read More
Reuters) - Yum Brands Inc (YUM.N) beat Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at KFC and Taco Bell more than made up for further weakness at Pizza Hut, sending its shares up as much as 5 percent.Competition between big U.S. fast food chains has intensified as Yum, McDonald’s Corp (MCD.N) and Domino’s Pizza Inc (DPZ.N) try to lure cash c...Read More
WASHINGTON (Reuters) - The U.S. Federal Reserve unveiled a proposal on Wednesday that would ease regulations for banks with less than $700 billion in assets.PNC Financial Corp (PNC.N), Capital One Financial Corp (COF.N), Charles Schwab (SCHW.N), and U.S. Bancorp (USB.N) would enjoy reduced liquidity and compliance requirements under the proposal, which the Fed board is set to vote on Wednesday mor...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
"Glencore Plc's #coal mining business will eclipse its copper unit next year and become the world's biggest commodity trader's most profitable operation https://t.co/ooigdbAGZt via @business"Read full newsRead More
The world's largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in aRead full newsRead More
The deeper the mine, then the bigger the savings.Read full newsRead More
With the world's top miners on a tear, stakeholders are lining up for their long-awaited slice of the action. Plus,Read full newsRead More
"Members of the 27-company International Council on #Mining and Metals plan to make mining vehicles at above ground operations greenhouse gas emission-free by 2040, in a statement from the organization. $BHP $RIO"Read full newsRead More
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MELBOURNE, Oct 31 - The mining industry wants to shed its image as a low-tech shoveller of dirt and instead be seen as a cutting edge digital-savvy employer of choice. It's a feat that could be compared to teaching an elephant to ballet dance.While mining companies have been quick to adopt new technologies to drive costs lower, there is an increasing recognition that the industry needs to embrace...Read More
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