Battered Bearish Gold Miners ETF Still Has An Audience

Gold is soaring this month. So are gold miners equities and the related exchange traded funds and the same is true for junior or small-cap miners. In other words, these are dangerous times to be dancing with inverse leveraged gold miners funds, including those targeting junior miners, but data confirm that is exactly what some […]

U.S. prosecutors subpoena records on Boeing 787 production -Seattle Times

Federal prosecutors have subpoenaed records from Boeing Co relating to the production of the 787 Dreamliner in South Carolina, the Seattle Times reported on Friday, citing two sources familiar with the investigation. It said the subpoena was issued by the U.S. Department of Justice, which is also conducting a criminal investigation into the certification and […]

RBA Governor Signals a Cash Rate Cut

The Australian Reserve Bank signaled that is aiming for a rate cut. In a speech to economists in Brisbane, the bank governor Philip Lowe claimed that the Australian Reserve Bank decided on its last meeting that inflation won’t come back to its 2 to 3 percent target unless there is a fall in unemployment levels. […]

Majestic Wine says retail business attracts many suitors

Majestic Wine said on Tuesday multiple suitors had shown interest in its retail business, a month after Britain’s largest specialist wine retailer said it was looking to sell the unit to focus online. Majestic Wine shares were 3.6% higher at 275.5 pence at 0940 GMT. Britain’s traditional store groups are facing the brunt of rising […]

Dollar holds firm as market awaits Fed minutes; Aussie shines

The dollar held onto last week’s gains on Monday as investors waited for Fed minutes that may give more clues on what prompted U.S. policymakers to strike a broadly neutral stance this month. The minutes, due on Wednesday, are expected to give insights into the May. 1 Fed meeting which decided to keep interest rates […]

Singapore Dollar Is Slipping as Trade War Chips at Monetary Band

The Singapore dollar is poised to weaken further as the escalating trade war between the world’s two largest economies weighs down growth in the export-dependent city-state. Poor export data that landed Friday underscore the downward pressure on the currency’s nominal effective exchange rate, which has quietly crept away from the upper end of the band […]

PBOC Warns on Trade, Pledges Targeted Stimulus and Steady Yuan

The People’s Bank of China warned that the escalating trade war could destabilize the global economy, and vowed to continue with targeted stimulus at home while keeping the currency steady. “Trade friction and uncertainties in global policy could impact the global economy negatively” by driving up inflation, damaging household and corporate confidence and causing financial […]

Australian dlr jumps after election surprise, yen edges lower

The Australian dollar rallied against the greenback on Monday after a surprise election victory by the country’s conservative government, while the yen eased as risk appetite improved slightly. The dollar index against a basket of currencies was a shade higher at 98.024, having booked its biggest weekly rise since early March last week. The Aussie […]

Russian January-March gold output at 58.12 tonnes – finmin

Russia’s finance ministry said on Monday gold production in Russia between January and March this year rose to 58.12 tonnes, up from 51.61 tonnes during the same period the previous year. Production for the period included 45.95 tonnes of mined gold compared with 39.78 tonnes a year ago, the ministry said. Silver production during the […]

Oil traders try to ship dirty Russian crude to Asia

Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. A key Russian pipeline to Europe, Druzhba, and a major port Ust-Luga have been contaminated with organic chloride, which […]