BERLIN, Oct 12 (Reuters) - The German government will onlyassess Italy's budget plans once Rome has submitted them toBrussels, a spokeswoman for the German Finance Ministry said onFriday.The Italian government has already issued the financialtargets that will provide the framework for its budget, drawingfire from the European Commission for plans to triple theprevious fiscal deficit goal for 2019....Read More
* G20 can only provide platform for talks on trade -chairman * Adds members must resolve trade frictions themselves * Japan wants to put global imbalance on next year's G20agenda (Adds quotes, detail)By Leika Kihara and Yawen ChenNUSA DUA, Indonesia, Oct 12 (Reuters) - Trade tensionswithin the Group of 20 leading industrialised and emergingeconomies could only be solved by the countries directlyin...Read More
MOSCOW, Oct 12 (Reuters) - The Russian rouble firmed to itsten day high supported by a recovery in oil prices and weakerU.S. dollar that was pressed by declining U.S. treasury yieldsand a sell-off on the global markets.At 0756 GMT, the rouble was 0.46 percent stronger againstthe dollar at 65.96 , hitting its highest levelsince Oct. 3 at 65.85, and had gained 0.41 percent to trade at76.50 versus th...Read More
LONDON, Oct 12 (Reuters) - Britain will need a period ofcontinuity after the Brexit transition ends and before along-term partnership negotiated between London and Brusselscomes into force, Britain's finance minister said on Friday."We're not going to remain in anything indefinitely," PhilipHammond told Bloomberg Television on the sidelines of anInternational Monetary Fund meeting in Bal...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More
Christopher Lewis22 hours agoSilver markets were extraordinarily bullish during the trading session on Thursday, as we reached towards the $14.50 level. That’s an area that of course will offer a lot of support and resistance, as we had sold off from that area rather drastically, but we had a little bit of a pullback only to turn around and slam back into it. If we can clear the impulsive c...Read More
JOHANNESBURG, Oct 12 (Reuters) - The South African randfirmed against the globally hobbled dollar early on Friday aheadof the country's credit review announcement by ratings agencyMoody's later in the day.* The rand was 0.85 percent stronger at 14.5100 perdollar at 0650 GMT, having closed in New York at 14.6350. * The rand is expected to trade between 14.3500 and 14.7000to thedollar on Friday, NKC...Read More
Gold is flashing red in Asia, possibly due to an uptick in the US equity index futures. The oversold safe haven found love this week as the sell-off in the US equities triggered a flight to safety. Technically speaking, the metal's bull breakout would gain more credence above the 100-day exponential moving average (EMA). Gold is losing altitude in Asia, having clocked a ten-week high of...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
Venzee Technologies (VENZ:TSXv) has recently announced another channel partnership. And as Company continues to execute these technology partnerships I thought it was important to sit down with Peter Mackay, President of Venzee, to discuss who their channel partners are and what Venzee does to enhance the existing digital supply chain software. The digital supply chain is an enormous business and...Read More
NUSA DUA, Indonesia, Oct 12 (Reuters) - Too many euro zonecountries are missing the opportunity to reduce debt now, wheneconomic growth is good, to prepare for the next economicdownturn, the head of the International Monetary Fund's Europeandepartment Poul Thomsen said."Fiscal policy has been insufficiently counter-cyclical,"Thomsen told a news conference at the IMF's annual meetings inB...Read More
SHANGHAI/HONG KONG, Oct 12 (Reuters) - China's onshore yuancurrency weakened against the dollar on Friday morning asunexpectedly strong China exports data renewed anxiety over theSino-U.S. trade war.The weakness followed a jump in late trading on Thursday,spurred by news that Washington will not accuse Beijing ofcurrency manipulation - seen as a sign of easing tensions. The People's Bank of China...Read More
* China's Sept unwrought copper imports at 521,000 T-customs * Open arbitrage to send metal to China swells shipments-analyst * Copper concs imports at new record high of 1.93 mln T (Adds background, analyst quote)By Tom DalyBEIJING, Oct 12 (Reuters) - China's unwrought copper importssurged to their highest in 2-1/2 years in September, whilecopper concentrate imports climbed an all-time high as th...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday as volatility ripped through markets for a second day. The S&P 500 has closed lower for six straight days.The Nasdaq declined into correction teritorry on Thursday, a day after the tech-heavy index had its biggest percentage drop since June...Read More
Movements in the prices of base metals on the London Metal Exchange were mixed at the close of trading on Thursday October 11, under broad pressure from a sharp sell-off in global equity markets despite the emergence of fresh buying in the markets for lead and tin.The three-month lead price rose by 4.4% over the afternoon to recover losses made earlier in the week, reaching an intraday high of $2,...Read More
Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at the Teniente copper converter last month, the company told Fastmarkets.The Teniente converter that is used in Chuquicamata for copper smelting has been closed for nearly three weeks already, a well-informed source said on Wednesday October 10. It will remain paralyzed until...Read More
VIDEO: Coral Gold Resources (TSX.V: CLH; OTCQX: CLHRF) has emerged from a Nevada-based gold exploration company into a royalty company. Barrick Gold is now drilling the Robertson property in search of the extension from the world class Pipeline and Cortez properties located along trend to the south. An open-pit heap leach resource of over 2 million ounces has been outlined, but the big upside...Read More
Jack ChanPosted Oct 11, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation remains at multi decade low.Speculation remains at multi decade low.A potential bottoming pattern is now in progress.SummaryLong-term – on sell signal.Short-term – on buy...Read More
The London Metal Exchange benefitted from 2018's "economic turbulence" and the exchange should be proud of its growth in volume, LME chief executive Matthew Chamberlain said. Speaking at the LME Week annual dinner on Tuesday October 9, Chamberlain said: "For the LME, 2018 should be remembered as the year that our volumes returned to growth, and our exchange returned to confidence." He accepted tha...Read More