SAN FRANCISCO (Reuters) - A raft of profit warnings from Apple Inc (AAPL.O) suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company’s plans to make services its main pillar of growth.For the past year, investors had largely been willing to overlook stagnating unit sales of the iPhone because average sell...Read More
Sibanye-Stillwater (NYSE: SBGL) today announced it has concluded a three-year wage agreement with the National Union of Mineworkers (the NUM), Solidarity and UASA in respect of wages and conditions of service for the period of July 1, 2018 to June 30, 2021.The agreement allows for increases to the basic wage of Category 4-8 surface and underground employees. Miners, artisans and officials will rec...Read More
Sibanye-Stillwater (NYSE: SBGL) today announced it has concluded a three-year wage agreement with the National Union of Mineworkers (the NUM), Solidarity and UASA in respect of wages and conditions of service for the period of July 1, 2018 to June 30, 2021.The agreement allows for increases to the basic wage of Category 4-8 surface and underground employees. Miners, artisans and officials will rec...Read More
Sibanye-Stillwater (NYSE: SBGL) today announced it has concluded a three-year wage agreement with the National Union of Mineworkers (the NUM), Solidarity and UASA in respect of wages and conditions of service for the period of July 1, 2018 to June 30, 2021.The agreement allows for increases to the basic wage of Category 4-8 surface and underground employees. Miners, artisans and officials will rec...Read More
* Unclear how big reserves are or when they can be mined* Glencore holds small stake in ocean explorer DeepGreen* Anglo American sold stake in Nautilus* Environmentalists seek strict rulesLONDON - China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains de...Read More
LONDON (Reuters) - Tax enforcement agencies from the United States and four other countries are leading a crackdown on “professional enablers” of international tax fraud, the U.S. Internal Revenue Service head of criminal investigations said on Wednesday.The IRS, via an alliance with Britain, Australia, Canada and the Netherlands set up earlier this year, is pursuing individuals and fi...Read More
WASHINGTON (Reuters) - The U.S. Postal Service lost almost $4 billion in 2018 even as package deliveries rose, according to results released on Wednesday, giving U.S. President Donald Trump potential ammunition against Amazon.com Inc (AMZN.O), which he claims pays too little for the agency’s services.Trump, without presenting evidence, has attacked Amazon repeatedly over the past year, accus...Read More
RIO DE JANEIRO - Brazil's Samarco Mineracao SA, a joint venture between BHP Billiton and Vale SA, on Wednesday named former Usiminas mining executive Cristina Cavalcanti as its new chief financial officer.Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.Cavalcanti previously...Read More
OTTAWA (Reuters) - The overall perceived risk to the Canadian financial system has increased slightly over the last six months but confidence in its resilience remains high, the Bank of Canada said on Wednesday.A six-monthly central bank survey of risk management professionals showed that 44 percent felt the chances of a high-impact event had grown slightly while 50 percent saw no change.Compared...Read More
WASHINGTON (Reuters) - The U.S. Environmental Protection Agency said on Wednesday it will waive some hazardous waste regulations for auto dealers and businesses disposing of airbags, a decision designed to ensure proper disposal of potentially deadly Takata air bag inflators.Dealers will instead send airbag parts to a certified disposal facility that will then handle the airbags under hazardous wa...Read More
Snapchat's parent company is struggling after DOJ and SEC subpoenasSnap Inc (NYSE:SNAP) continues to struggle after its Oct. 26 all-time low of $5.77, and is headed for another day of losses. The stock is down 1.9% to trade at $6.58 at last check, with SNAP pacing for another close beneath resistance at its 20-day moving average. This comes after the Snapchat parent announced, late Tuesday, that...Read More
SHANGHAI - Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday.China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on...Read More
SHANGHAI - Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday.China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on...Read More
Oil, on the other hand, is headed for its first win in more than two weeksThe Dow Jones Industrial Average (DJI) was up more than 200 points earlier after this morning's latest inflation update. However, the blue-chip index has since swung into the red at midday, pressured by sharp losses for Apple (AAPL) following a fresh downgrade for the FAANG stock. The S&P 500 Index (SPX) and Nasdaq Composite...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
Mr. Matthew Hornor reportsMAPLE GOLD COMPLETES 2018 MAPPING AND SAMPLING PROGRAM AND IDENTIFIES NEW TARGET AREASMaple Gold Mines Ltd. has completed its first pass summer 2018 field mapping in the central part of the Douay project. Very limited historical work has been completed previously in this portion of the Project. The objective of the mapping program was to identify alkaline intrusive-relate...Read More
Mr. Matthew Hornor reportsMAPLE GOLD COMPLETES 2018 MAPPING AND SAMPLING PROGRAM AND IDENTIFIES NEW TARGET AREASMaple Gold Mines Ltd. has completed its first pass summer 2018 field mapping in the central part of the Douay project. Very limited historical work has been completed previously in this portion of the Project. The objective of the mapping program was to identify alkaline intrusive-relate...Read More
Electric vehicles are reaching global markets far and wide - and deep. Swedish mining equipment maker Epiroc AB now aims to electrify all its underground machines within five years.As much as 40% of an underground mine's energy outlay is spent on powering gigantic ventilation systems to remove pollutants from tunnels, this can be reduced by using less dieselThe manufacturer on Wednesday launched a...Read More
Electric vehicles are reaching global markets far and wide - and deep. Swedish mining equipment maker Epiroc AB now aims to electrify all its underground machines within five years.As much as 40% of an underground mine's energy outlay is spent on powering gigantic ventilation systems to remove pollutants from tunnels, this can be reduced by using less dieselThe manufacturer on Wednesday launched a...Read More
MILAN (Reuters) - Oil prices bounced from multi-month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth, while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal.European shares hit a two-week low after data showed the German economy contracted for the first time since 2015, tracking similar losses in A...Read More