* European stocks stumble back into the red * French consumer spending data, Italian GDP weighs * Dollar at 2 1/2-month high, Wall Street futures pointhigher * Yuan at 10-year low, metals sink on trade war worries* Graphic: World FX rates in 2018 By Marc JonesLONDON, Oct 30 (Reuters) - European shares laboured in thered and China's yuan hit a 10-year low on Tuesday as theprospect of an escalation...Read More
(Adds detail)ZAGREB, Oct 30 (Reuters) - Croatia plans to formally notifyBrussels next year about its intention of joining the two-yearwaiting room before eventually adopting the euro currency,central bank governor Boris Vujcic said on Tuesday."We're preparing a letter of intention on joining theEuropean Exchange Mechanism (ERM-2) (that) we plan to send (toBrussels) next year," Vujcic tol...Read More
A new high last week.Gold was crawling higher after breaking out.Danger ahead if history repeats.Higher rates are baked in the market.The dollar poses the most significant risk.Gold bulls had a rough summer in 2018. After making higher lows since late 2015, the price of the precious metal broke its bullish pattern in July when the price declined below the December 2017 low at $1236.50 per ounce. G...Read More
The world's largest mining company, BHP (ASX, NYSE:BHP) (LON:BLT) today downgraded its economic growth forecasts for the world's two biggest economies, in what it calls a "lose-lose" outcome from increasing trade tensions.The miner now expects China's GDP growth to be "half to three quarters" of a percentage point lower over the next two years, chief commercial officer Arnoud Balhuizen said at a m...Read More
* Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit voteLONDON, Oct 30 (Reuters) - Sterling languished at a ten-weeklow on Tuesday as concern about Britain's departure from the EUled investors to largely ignore hopes of an end to austerityraised by Britain's finance minister Philip Hammond.The pound has weakened 4 percent since September as tradersfret over lack of pro...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), and Mobius Knowledge Services are pleased to announce the completion of strategic enterprise partnership agreement where Mobius will integrate Venzee Mesh API into their Product Information Management ("PIMworks") platform for Venzee to upload accurate, relevant product content to various retailers their client...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
* Underlying profits rise to $3.8 billion * Nine-month production rises thanks to field start-ups * BHP deal to complete on Wednesday(Adds CFO, analyst comment, details)By Ron Bousso and Shadia NasrallaLONDON, Oct 30 (Reuters) - BP's profits thundered toa five-year high, boosted by stronger oil prices with productionset to rise further thanks to the $10.5 billion acquisition ofBHP Billiton's U.S....Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
TOKYO, Oct 30 (Reuters) - Honda Motor Co reportedon Tuesday a 40.2 percent jump in second-quarter operatingprofit due to higher motorcycle sales in Asia and costreductions, and as the year-ago earnings were hurt by pensionaccounting changes and litigation settlements.Japan's No. 3 automaker posted a 214.4 billion yen ($1.90billion) operating profit for July-September, up from 152.9billion yen a ye...Read More
Here Are 4 Hot Things to Know About Stocks Right Now Dow logs eighth losing session in past 11The Dow remains in the red for the year. The S&P 500 also declined more than 2%.Shares of International Business Machines Corp. (IBM) fell 4.8% on Monday after $34 billion deal for Red Hat Inc. (RHT) Tesla Inc. (TSLA) jumps after one of the electric car company's shareholders s...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday October 29, with strong consumer spending figures from the United States fueling broad strength in the US dollar index and adding downward pressure on prices.In a report released by the US Commerce Department, consumer spending increased by 0.4% over October, however, this is the smallest gain in 15...Read More
Comex copper prices edged higher Monday morning in the US with the market holding steady amid further Chinese stock market deterioration. The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 1.25 cents to $2.7535 per lb.Concerns of a slowdown in the Chinese economy continue to weigh on Asian shares, with the Shanghai Composite falling 2.2% ov...Read More
South Korean zinc smelter Young Poong is facing a 20-day shutdown at its Sukpu refined zinc smelter after a court rejected the company's appeal against a closure order.Situated in a national park, the Sukpu smelter is alleged to have discharged waste from the smelting process into the local river, which is used for drinking water by millions of people. Environmental groups and residents have been...Read More
Prices for manganese ore imported into China on an fob basis ticked upward in the pricing session that ended on Friday October 26, while trading activity started to pick up in China before the onset of winter. High- and low-grade manganese ore prices showed modest increases Manganese ore grade prices in China ticked upward Falling bids weigh on Indian silico-manganese prices US focuses on long-ter...Read More
Ammonium paratungstate (APT) prices remained supported, with a new round of environmental inspections expected to take supply out of the market. Environmental inspections team to return to Jiangxi, Hunan provinces; APT price supported Ferro-tungsten prices range-bound on weak demand, oversupply Concentrates prices unchanged awaiting clear market directionFastmarkets MB assessed the European APT pr...Read More
Prices for manganese ore imported into China on an fob basis ticked upward in the pricing session that ended on Friday October 26, while trading activity started to pick up in China before the onset of winter. High- and low-grade manganese ore prices showed modest increases Manganese ore grade prices in China ticked upward Falling bids weigh on Indian silico-manganese prices US focuses on long-ter...Read More