ROME, Oct 22 (Reuters) - Prime Minister Giuseppe Contedefended on Monday Italy's 2019 budget, which has fallen foul ofthe European Commission, saying the failure of previous effortsto stimulate the economy meant a new approach was needed.In a wide-ranging news conference, Conte said he wantedconstructive dialogue with the Commission over the contestedfiscal package, and predicted that growth would...Read More
* Spot gold hovering near 100-day moving average * Speculators cut net short position in week to Oct. 16 * Palladium hits highest in nearly 9 months (Updates prices, adds comment)By Sumita LayekBENGALURU, Oct 22 (Reuters) - Gold fell on Monday as risingstock markets pointed to improved investor appetite for risk,with a slightly firmer dollar also sapping bullion's appeal. Spot gold was down 0.2 pe...Read More
* Italian yields slide on ratings decision, Rome comments* Euro gives up rally against dollar, holds vs Swiss franc * Chinese stimulus expectation boosts market sentiment * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Oct 22 (Reuters) - The euro failed to holdearly-session gains on Monday as investors focused on thelikelihood of further political unc...Read More
(Adds details on succession, stake, background)Oct 22 (Reuters) - Glencore Chief Executive IvanGlasenberg has told investors he plans to retire from thecommodities trader and miner in three to five years, Bloombergreported on Monday. Glasenberg has started training three to four people tosucceed him in the job, but did not disclose the shortlist ofcandidates, Bloomberg reported, citing people fami...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Albemarle and SQM can't settle water disputes, and a sale might draw them closer.Read full newsRead More
Oct 22 (Reuters) - Hindustan Zinc Ltd reported a29.8 percent fall in second-quarter profit on Monday, dented byhigher expenses.Net profit dropped to 18.15 billion rupees ($247.43 million)in the quarter ended Sept. 30, from 25.84 billion rupees a yearearlier, the zinc miner said.Revenue from operations fell 10 percent to 47.77 billionrupees. However, mined metal production in the quarter rose sixpe...Read More
(Updates with closing prices)By Pratima DesaiLONDON, Oct 22 (Reuters) - Copper prices hit one-week highson Monday due to expectations of stronger demand afterauthorities in top consumer China said they would take measuresaimed at bolstering growth and liquidity.Benchmark copper on the London Metal Exchange endedup 0.3 percent at $6,242 a tonne. It earlier touched $6,331.50 atonne, the highest sinc...Read More
South Africa's Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company.Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Cop...Read More
South Africa's Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company.Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Cop...Read More
Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post.Glasenberg (62), whose strategic brilliance has made Glencore's - and his own - prodigious fortune, is coaching three to four people to succeed him in the job, Bloomberg repo...Read More
Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post.Glasenberg (62), whose strategic brilliance has made Glencore's - and his own - prodigious fortune, is coaching three to four people to succeed him in the job, Bloomberg repo...Read More
Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post.Glasenberg (62), whose strategic brilliance has made Glencore's - and his own - prodigious fortune, is coaching three to four people to succeed him in the job, Bloomberg repo...Read More
Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post.Glasenberg (62), whose strategic brilliance has made Glencore's - and his own - prodigious fortune, is coaching three to four people to succeed him in the job, Bloomberg repo...Read More
Oct 22 (Reuters) - Lonmin Plc on Monday signed a$200 million metal purchase agreement, which will provide theplatinum miner better liquidity as it awaits the closure ofSibanye-Stillwater's takeover of the company.However, the new facilities still do not address"fundamental business challenges facing Lonmin and do not offeran opportunity to avoid the announced retrenchments and shaftclosures,&...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN retreated again last week, though it endured a much smaller hit than the week prior (falling 8.6 points vs 42.6 points). This slower rate of descent may provide bulls some hope their ride down this slippery slope is near its end. The Index closed at 1167.08 and has declined ov...Read More
JOHANNESBURG, Oct 22 (Reuters) - South Africa's rand firmedagainst the U.S. dollar in early trade on Monday, as investorsawaited the new finance minister's medium-term budget speech andconsumer price inflation numbers due in the week. * At 0634 GMT, the rand traded at 14.3425 perdollar, 0.4percent firmer than its close on Friday. * Market focus is on Wednesday's budget speech by newfinanceminister...Read More
"@GoldMarketPulse CRB index ----------very close to turning TREND up on the long term charts.Moving averages will turn up at end of this month.Then we'll need monthly close over 205 - if that occurs,could be significantbounce & perhaps more.Worth watching."Read full newsRead More
"Goldtrends posted this chart the morning after the very top in the S&P.Looks good so far.Odds favor there's more to go. https://t.co/rIW6n87rOS"Read full newsRead More