Oct 15 (Reuters) - Australian Atlas Iron on Monday named Sanjiv Manchanda as chief executive in a board overhaul, replacing Cliff Lawrenson amid an acquisition by billionaire Gina Rinehart's Hancock Prospecting.Manchanda has earlier served as Head of Project Development for Hancock Prospecting.Atlas also appointed Spiro Pappas as its Chairman.The changes in the board come as Hancock Prospecting's...Read More

PARIS (Reuters) - The United States still aims to cut Iran’s oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on Monday.U.S. special envoy for Iran, Brian Hook, was talking to reporters after a visit to India, a major importer of Iranian oil, and talks with officia...Read More

Both Raymond James and Goldman Sachs chimed in on the FAANG stockNetflix, Inc. (NASDAQ:NFLX) is scheduled to report its third-quarter results after the market closes tomorrow, Oct. 16, marking the start of FAANG earnings. Ahead of the highly anticipated event, NFLX stock received a round of bearish brokerage notes -- sending the shares down 1.7% this morning to trade at $333.70.Specifically, Raymo...Read More

LONDON (Reuters) - Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook.Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. U.S. crude was down 5 cents at $71.29.“Growing tension...Read More

(Reuters) - Credit Suisse on Monday downgraded the U.S. steel sector as it expects prices to fall due to oversupply, stemming from the Trump administration’s move to slap tariffs on Chinese imports.U.S. steel prices and production have hit multi-year highs due to the tariffs as well as strong demand from an expanding economy.The brokerage cut its rating on the sector to “market weight&...Read More

On Friday we asked the question-- could the gold rally continue? The markets have spoken with a resoundingyes. Gold traded as high as $1,237 this morning. The next key level to watch is$1,240. A breakout above brings $1,275 into play.The most important thing toremember now is not to chase the market higher. If you missed this rally, therewill be other opportunities. Don't let the fear of missing o...Read More

Alumina, which sits in the aluminium production process between bauxite and refined metal, has historically been a highly efficient link in the supply chain.It hasn't generated many headlines over the years because it has largely avoided any newsworthy disruption.It is, to quote Greg Wittbecker, analyst at the CRU research house, one of those markets "people have taken for granted".Not any moreA s...Read More

McDonald's stock was not spared in last week's bloodbathThe shares of McDonald's Corporation (NYSE:MCD) are up 0.7% to trade at $164.89 this morning, after Evercore ISI upgraded the fast food icon to "outperform" from "in-line." The analyst in coverage thinks the blue-chip stock is well-equipped to handle market volatility, and likes the lowered expectations on its valuation relative to last year...Read More

One in every twenty Europeans works in the automotive industry and the European Union believes that unless it catches up on battery technology, those jobs are at risk.That's why the group is planning to allow state aid for electric battery research and will offer billions to companies willing to build giant plants, it said Monday."Public investment in developing the battery industry in the EU is a...Read More

One in every twenty Europeans works in the automotive industry and the European Union believes that unless it catches up on battery technology, those jobs are at risk.That's why the group is planning to allow state aid for electric battery research and will offer billions to companies willing to build giant plants, it said Monday."Public investment in developing the battery industry in the EU is a...Read More

NEW DELHI (Reuters) - India and China launched a program on Monday to train Afghan diplomats and China’s ambassador said it would likely be followed by joint programs in other fields to help war-torn Afghanistan.Such cooperation is the first by the two Asian giants which have long been locked in a tussle for influence in a region stretching from Nepal to Sri Lanka and the island chain of the...Read More

Oct 15 (Reuters) - Kazatomprom, the world's biggest uranium producer, said it will float up to a 25 percent stake in its planned initial public offering in London and Kazakhstan, as it looks to cash in on robust demand for the rare metal.Kazatomprom accounts for 20 percent of the world's uranium production and seven years on from Japan's Fukushima nuclear disaster, the beaten down uranium sector i...Read More

Oct 15 (Reuters) - Kazatomprom, the world's biggest uranium producer, said it will float up to a 25 percent stake in its planned initial public offering in London and Kazakhstan, as it looks to cash in on robust demand for the rare metal.Kazatomprom accounts for 20 percent of the world's uranium production and seven years on from Japan's Fukushima nuclear disaster, the beaten down uranium sector i...Read More

Gran Colombia Gold Corp. (TSX: GCM) third-quarter gold outputtotaled 57,163 ounces, which was up 54% from the same period a year ago, thecompany reports. Gran Colombia also says it still expects to produce between210,000 and 220,000 ounces in 2018. For the first nine months of the year,production was 162,741 ounces, up 33% over the first nine months of 2017. Thisbrings the trailing 12-months produ...Read More

NRTI has shed 29% year-to-dateShares of NutriSystem Inc. (NASDAQ:NTRI) are suffering in premarket trading, after the weight loss company was hit with a downgrade at D.A. Davidson to "underperform" from "neutral," and a price-target cut to $28 from $40. Worth noting, the drastic price-target cut is a nearly 25% discount to the stock's Friday close at $37.10. The brokerage firm cited concern over t...Read More

   •  A subdued USD demand helps regain positive traction at the start of a new trading week.   •  Reviving safe-haven demand, amid the prevalent cautious mood, remains supportive.   •  The bullish momentum seemed rather unaffected by a modest uptick in the US bond yields. Gold caught some fresh bids at the start of a new trading week and...Read More

Gran Colombia Gold Corp. (TSX: GCM) third-quarter gold output totaled 57,163 ounces, which was up 54% from the same period a year ago, the company reports. Gran Colombia also says it still expects to produce between 210,000 and 220,000 ounces in 2018. For the first nine months of the year, production was 162,741 ounces, up 33% over the first nine months of 2017. This brings the trailing 12-months...Read More

(Reuters) - U.S. stocks were set to open slightly lower on Monday, mirroring global stocks, after growing tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs as the earnings season kicks into gear.Bank of America (BAC.N) rose 0.91 percent in premarket trading after the second-largest U.S. lender’s profit rose more than expec...Read More

(Kitco News) -First Majestic Silver Corp.’s (TSX: FR; NYSE: AG) third-quarter productionhit a company record of 6.7 million silver-equivalent ounces, which was up 69%from 4 million in the same quarter of 2017, the company said Monday.The company also announced an effort to cut costs by 20%,although specifics were not released. Officials said this was a response toweak silver prices.Total Ju...Read More

(Kitco News) - First Majestic Silver Corp.’s (TSX: FR; NYSE: AG) third-quarter production hit a company record of 6.7 million silver-equivalent ounces, which was up 69% from 4 million in the same quarter of 2017, the company said Monday. The company also announced an effort to cut costs by 20%, although specifics were not released. Officials said this was a response to weak silver prices. T...Read More