NEW YORK (Reuters) – Stocks fell on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. A review of the U.S.-China trade ... More »
LONDON (Reuters) – European shares rose on Monday as industrial activity in China gained strength, another sign of recovery from the coronavirus pandemic that added to hopes the global economy would also return to health. The broader Euro STOXX 600 rose 0.6%, ... More »
LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »
LONDON/BENGALURU (Reuters) – Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China tr... More »
LONDON (Reuters) – The euro and euro zone bond markets held out hope European Union leaders would strike a deal on a recovery fund for the bloc’s pandemic-ravaged economy on Monday, but the region’s stock markets took a cautious turn lower as talks paused. The... More »
LONDON (Reuters) – Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings across the United States. MSCI’s All-Count... More »
LONDON (Reuters) – European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020. The MSCI world equity index, whic... More »
LONDON (Reuters) – G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to better balance investment portfolios during stressful times. Corporate and Chinese government debt... More »
BEIJING (Reuters) – China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States. China’s fi... More »
LONDON (Reuters) – Two of the world’s biggest gold refiners, Valcambi and Argor-Heraeus, said on Monday they were restoring close to full operations after Swiss authorities relaxed coronavirus lockdown measures. The decisions end six weeks of partial or full c... More »
LONDON (Reuters) – Anglo American said on Friday it would reschedule work at mines in countries such as Chile to contain the spread of coronavirus but added there had been no material disruption on production. The virus, which has claimed over 10,000 lives glo... More »
(Reuters) – 1/CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause, for all of 24 hours. Then attention shifted back to the global case-count and the rally resumed. But while investors are focused on containment, the world’s second-bigge... More »
MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. ... More »
AUSTIN, Texas (Reuters) – Apple Inc APPL.O is trying to change the way electronics are recycled with a robot that disassembles its iPhone so that minerals can be recovered and reused, while acknowledging rising global demand for electronics means new mines wil... More »
MEXICO CITY (Reuters) – Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact’s ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday. Mexican law... More »
BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that the trade conflict between the United States and China was hitting Germany, which has traditionally relied on exports to propel its economy. “We have international uncertainty due to the U.S.-C... More »
BEIJING (Reuters) – The spread between seaborne iron ore heading to China and iron ore at China’s ports has widened to the highest in at least two years, following an increase in shipments from Australia and Brazil as disrupted mines gradually come back on tra... More »
BEIJING (Reuters) – Rare earth exports by China, the world’s dominant producer, fell 16% in May from a month earlier amid an increased focus on the raw materials due to the Sino-U.S. trade war, although the drop was in line with usual trading. Exports by China... More »
SINGAPORE/BEIJING (Reuters) – China’s crude oil imports slipped 8% in May from an all-time peak hit the month before, customs data showed, as the world’s top importer of the commodity curbed shipments from Iran amid tightening U.S. sanctions on that country. C... More »
LONDON (Reuters) – Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants. The shift in staffing at the world’s bigge... More »
MEXICO CITY (Reuters) – Mexico’s president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico’s economy. Trump ... More »
LONDON (Reuters) – Gold miners must focus on maximizing returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold’s chief executive said on Wednesday. “The industry is in decline and we have put ou... More »
(Reuters) – Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal. The company has named board member Callum Grant, an engineer by tra... More »
LAUNCESTON, Australia – If the sharp plunge in China’s exports in February shows anything, it’s that a gap is opening between what the country is shipping out and its still resilient imports of major commodities. Exports dropped 20.7 percent in February from t... More »
FRANKFURT (Reuters) – Germany’s car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show. “We will invest ... More »
HOLLYWOOD, Fla. (Reuters) – Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion hostile bid for the U.S. company, presaging an aggressive... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he may extend a March 1 deadline for reaching a trade deal with China while keeping current tariffs in place, adding that the negotiations are “very complicated.” “There is a possibility that I ... More »
SAO PAULO (Reuters) – Miner ArcelorMittal said in a written statement on Friday that it evacuated a Brazilian town of about 200 inhabitants near one of its dams in Minas Gerais state after conducting more rigorous inspections of the structure. The company’s de... More »
MOSCOW/HONG KONG (Reuters) – Russian aluminum company Rusal said on Friday it has appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions. The previous... More »
THOOTHUKUDI, India (Reuters) – Twelve of the 13 protesters killed when police opened fire on a demonstration against Vedanta’s copper smelter in southern India in May were hit by bullets in the head or chest, and half of those were shot from behind, autopsy re... More »
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ CURVE-BALLS With major parts of the U.S. economy visibly slowing, the Treasury market has reacted in a... More »
NEW YORK (Reuters) – A U.S. judge has dismissed five large banks from two antitrust lawsuits by investors alleging multi-year conspiracies to rig prices for hundreds of billions of dollars of transactions in the global silver and gold markets. U.S. District Ju... More »
FRANKFURT (Reuters) – The U.S. and euro zone economies remain a world apart and growth data due in the coming days will only highlight the widening gap, suggesting that monetary policy will continue to move in opposing directions on the two sides of the Atlant... More »
LONDON (Reuters) – BMW (BMWG.DE) is not considering moving production out of Britain because of uncertainty connected to Brexit, the company’s special representative in Britain said on Tuesday. When asked by a reporter at a conference whether the German car ma... More »
LONDON (Reuters) – Uncertainty over Brexit has halved new investment in the British car industry and Prime Minister Theresa May should urgently change tack and keep the world’s fifth largest economy in the EU’s customs union, the country’s main car lobby group... More »
MEXICO CITY (Reuters) – Mexican business leaders called out the government on Monday over a recent wave of criminal activity that has terrorized large swaths of Latin America’s second-largest economy and led some prominent firms to cut back operations. Two of ... More »
DALIAN/MANILA (Reuters) – China plans to open more of its futures contracts to foreign investors, a senior official said on Friday, as Beijing launched its “internationalised” iron ore contract as part of a bid to boost its sway over pricing of major commodity... More »
LONDON (Reuters) – World stocks slipped on Monday ahead of a blizzard of earnings from the world’s biggest firms and as wary investors watched U.S. bond yields approach peaks that have triggered market spasms in the past. The yield on 10-year U.S. Treasuries U... More »
SAYANOGORSK, Russia (Reuters) – Workers at one of Russia’s biggest aluminum smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against aluminum giant Rusal, a predicament mirrored across the company’s sprawling operations. Trappe... More »
MOSCOW (Reuters) – Russian billionaire Vladimir Potanin’s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisiona... More »
FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo HOUSTON/WASHINGTON (Reuters) – The U.S. oil and gas industry on Thursday slammed President Donald Trump’s ... More »
FILE PHOTO: A man collects recyclables from an alley as smoke billows from the chimney of a factory in rural Gaoyi county, known for its ceramics production, near Shijiazhuang, Hebei province, China December 7, 2017. REUTERS/Thomas Peter/File Photo BEIJING (Re... More »
Czech crown banknotes are seen in this picture illustration taken in Prague January 18, 2013. REUTERS/David W Cerny LONDON (Reuters) – A 40 percent surge in world tech stocks, a jump of almost a third in emerging markets and double-digit percentage gains for t... More »
Global miner Rio Tinto (RIO.AX)(RIO.L) signaled on Monday it will stick with its "value over volume" strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board. More »
The Indonesian unit of Freeport-McMoRan Inc closed the main access road to its giant copper mine in the eastern province of Papua on Tuesday for the second time in three days after another shooting incident. More »
Indonesia's military said on Friday it was prepared to take tough measures against rebels who have threatened to "destroy" the mining operations of Freeport-McMoRan Inc in the eastern province of Papua in their independence struggle. More »
When cheating becomes habitual, the consequences could be costly. More »
Frontier economies including Tajikistan and Iraq along with credit-hungry Asian firms led emerging market borrowing in the July-September quarter, as 2017 shapes up to be another record year for debt sales. More »
British new car sales fell by between 6 and 7 percent year-on-year in August, according to preliminary data released by an industry body on Tuesday. More »
China's Commerce Ministry issued a ban effective from Tuesday on several imports from North Korea, including coal, iron ore, lead concentrates and ore, lead and seafood, a move that is in line with U.N. sanctions announced this month. More »
United States Secretary of the Treasury Steven Mnuchin speaks at a news conference on Parliament Hill in Ottawa June 9, 2017. REUTERS/Patrick Doyle More than two dozen U.S. lawmakers have urged U.S. Treasury Secretary Steven Mnuchin to reject the proposed sale... More »
FILE PHOTO: A woman walks past containers at a port in Shanghai January 13, 2009. REUTERS/Aly Song/File Photo China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better tha... More »
China’s iron ore imports rose 5.5 percent in May from a year earlier, recovering from a six-month low in April, as mills in the top steelmaking nation scooped up more raw material as they posted strong profits. More »
China, the world’s top aluminum producer, is seriously concerned by the U.S. probe into imports of the light metal and hopes to resolve the dispute through talks, Commerce Ministry spokesman Sun Jiwen said at a regular briefing on Thursday. More »
Kosei Shindo, president of Nippon Steel & Sumitomo Metal Corp, makes a speech at a ceremony to welcome newly-hired employees in Tokyo, Japan April 3, 2017. REUTERS/Kim Kyung-Hoon Japanese steelmakers are concerned at “protectionism” by U.S. President Donald Tr... More »
FILE PHOTO: Klaus Kleinfeld, Chief Executive Officer of Arconic, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson Activist hedge fund Elliott Management released the private letter written by Arconic... More »
A general view shows a residential area of Pudong district in Shanghai, China April 4, 2017. REUTERS/Aly Song China’s housing ministry has called on cities with large unsold housing inventories to reduce or suspend land supply for residential housing. More »
At least ten North Korean ships have arrived at a Chinese port after being stranded for the past three weeks following the top global coal consumer’s ban on imports of the fuel from its isolated neighbor, a report said on Friday. More »
China will continue to cut excess capacity in the steel sector in 2018, National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe said at a news conference on Monday. More »
Carlos Tavares, Chairman of the Managing Board of French carmaker PSA Peugeot Citroen, arrives to attend a news conference to present the company’s 2016 annual results at Peugeot headquarters in Paris, France, February 23, 2017. REUTERS/Gonzalo Fuentes The hea... More »
Emerging market equities have a spring in their step as an upswing in company profits extends a year-long 40 percent rally in the sector and allows investors to look past the threat of a global trade war. More »
Philippine Environment secretary Regina Lopez speaks during a press briefing in Manila, Philippines February 9, 2017. REUTERS/Erik De Castro The Philippines’ environment minister on Thursday said President Rodrigo Duterte had backed her decision to ban mining ... More »
The offices of international finance companies are seen in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh Commodities-related revenue at the 12 biggest investment banks fell by 7 percent last year, mainly due t... More »
Chimneys of a steel factory are pictured at an industrial area in Kawasaki, Japan, January 16, 2017. Picture taken January 16, 2017. REUTERS/Kim Kyung-Hoon Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to ... More »
An Alcoa aluminum plant in Alcoa, Tennessee, U.S. is seen in this April 8, 2014 file photo REUTERS/Wade Payne/File Photo Plans to provide government support to keep open a 30-year-old aluminum smelter in Australia owned by Alcoa (AA.N) have made “progress”, pa... More »
Investors in U.S.-based funds poured $1 billion into inflation-protected bond funds in the week ended Nov. 9, marking the funds’ second-biggest inflows since records began in October 2002, data from Thomson Reuters’ Lipper service showed on Thursday. More »
Signs are seen outside the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12 , 2016. REUTERS/Phil Noble Jaguar Land Rover (TAMO.NS) agreed a pay deal with its car workers which will beat inflation, pay a higher holiday bonus and ... More »
The parent company of Metal Bulletin, which specializes in providing benchmark metals prices, has bought online news provider Fast Markets for $13 million. More »
The parent company of Metal Bulletin, which specializes in providing benchmark metals prices, has bought online news provider Fast Markets for $13 million. More »
NEW YORK Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks. Noting the recent run-up in the benchmark Stan... More »
LONDON Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. The government is looking for ways t... More »
SHANGHAI/SINGAPORE China’s mutual fund industry is pushing to develop investment products linked to local commodity futures, betting that plans to fight chronic oversupply in the country’s mammoth resource sector will drive up prices for raw materials. The fun... More »
TOKYO Japan’s core machinery orders jumped in January, inflated by large orders from the steel industry, but economists say excluding this factor orders were probably flat from the previous month. The 15.0 percent monthly rise in core orders, a highly volatile... More »
Alcoa Inc said on Monday it had signed a $1.5 billion long-term contract with General Electric Co’s aviation unit to supply components used in aircraft engines. The aluminum producer will provide advanced nickel-based superalloy, titanium and aluminum componen... More »
ZURICH The Swiss competition regulator has opened an investigation into possible collusion in the precious metals market by several major banks, it said on Monday, the latest in a string of manipulation probes. Switzerland’s WEKO watchdog said its investigatio... More »
BOSTON Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first ... More »
LONDON Gold was on the brink of five year lows on Tuesday, with more losses expected in the coming months following Monday’s “bear raid” when sellers dumped an estimated 33 tonnes in just two minutes. The sudden bout of selling in Shanghai and New York occurre... More »
