OPEC members have a deal to cap production levels until December. Oil prices are rising. When prices are higher, there is less incentive to cooperate with production caps.
Melbourne, Australia, Mar 23, 2018 - (ABN Newswire) - Environmental Clean Technologies Limited (ASX:ESI.AX - News) (ECT or Company) is pleased to announce the completion of the 'basic design' for the Matmor component of its planned India project. - The Matmor technology is the world's first
The ASX fell hard in early trade, following a brutal night on Wall Street where the benchmark S&P500 fell 2.5% on fears that the Trump administration is pushing the global economy into a trade war. Mining companies on the ASX have been smashed, with BHP, the world's biggest mining company, down
Hong Kong (AFP) - On a winding Hong Kong street where shops keep a dizzying array of dried produce, one highly valued ingredient is still being sold despite being subject to an international ban: deep-fried scales of endangered pangolins.
US stocks saw deep losses in Thursday trade amid escalating trade tensions as President Donald Trump planned to unveil roughly $US50 billion in tariffs on Chinese exports. Follow the Dow Jones industrial average in real time. US stocks declined Thursday as President Donald Trump announced roughly $
Chinese iron ore and rebar contracts slumped overnight, losing as much as 4%. Iron ore futures have entered a technical bear market. The latest market rout follows news that the United States will apply tariffs on high-end Chinese manufactured goods entering the country.
World heavyweight boxing champion Anthony Joshua is being targeted by UFC, the world's premier mixed martial arts firm. UFC is reportedly set to offer Joshua a contract worth half a billion dollars - and it is a deal the boxer may well consider. Joshua defends his heavyweight titles against fellow
Iron ore spot and futures markets rebounded modestly on Wednesday following several days of heavy losses. Chinese rebar and bulk commodity futures continued to inch high in overnight trade. After tumbling over 15% since the start of March, iron ore markets finally found some support on Wednesday.
The Federal Reserve's policymaking committee raised its key interest rate Wednesday from 1.25% to 1.50%. Gold is rallying Wednesday, up 1.73% at $US1334 an ounce, after the Federal Open Market Committee raised its benchmark interest rate 25 basis points to a range between 1.50% and 1.75%. The dollar
Sydney, March 20, 2018 (AFP) - - Rio Tinto has agreed to offload a raft of Australian coal assets to Swiss-based commodities giant Glencore as it moves a step closer to a full exit from the industry.
EverMarkets is gunning for the bitcoin derivatives business of CME and Cboe Global Markets. The company, which announced Tuesday it is coming out of stealth mode, draws some inspiration from IEX and offers an alternative model to current futures markets. Michael Lewis' hit 2014 book, "Flash
DUBLIN--(BUSINESSWIRE)-- The "Ports in India 2018" report has been added to ResearchAndMarkets.com's offering. The past year has been a significant one for the port sector. The government announced ...
OXFORD, England--(BUSINESSWIRE)-- Oxford Nanopore Technologies Ltd, the company behind the only portable real-time DNA/RNA sequencer, MinION, has raised £100M ($140M) in new investment. Funds were raised from global investors including GIC (Singapore), China Construction Bank International (CCBI
Australian crypto investors are like any others: long-term investors, short-term traders, and true believers who want currency beyond control of central banks.
Perth, Australia, Mar 20, 2018 - (ABN Newswire) - Intermin Resources Limited (ASX:IRC.AX - News) ("Intermin" or the "Company") is pleased to announce an updated JORC (2012) Mineral Resource for the Richmond Vanadium Project, located in central north Queensland (see Figure 1 in link
The benchmark iron ore price has lost 15% since March 1. Chinese data on new home prices may have contributed to the selloff seen on Monday. Iron ore spot markets were clobbered on Monday, continuing the trend seen in March.
Addis Ababa (AFP) - Africa's leaders will gather in Rwanda Wednesday to launch what they say will be the world's largest free trade area but Nigeria has already pulled out, highlighting the challenge in getting the continent to sign up.
Tether's USDT, a controversial cryptocurrency, is becoming more and more popular among traders, research from Morgan Stanley finds. Bitcoin trades paired against USDT now make up 14% of bitcoin trading volumes. A controversial cryptocurrency is becoming more and more popular among traders.
Moscow (AFP) - As he prepares for his fourth term, President Vladimir Putin is expected to finally make good on his repeated pledges to revive Russia's creaking economy.
Global stock markets saw deep losses Monday in the wake of a report over the weekend that Facebook suffered a data breach. Facebook dropped as much as 8.1% on Monday, the biggest intraday decline since August 2015, dragging major indexes lower. Follow the Dow Jones industrial average in real time.
Iron ore futures have fallen over 18% since January, including more than 4% today. Concern about the outlook for Chinese steel demand, along with bloated Chinese iron ore port inventories, are being cited as two catalysts behind the recent selloff. Iron ore futures are getting hosed again, tumbling
Iron ore spot markets fell heavily on Friday, reversing gains of the prior two sessions. The benchmark iron ore price has now lost 12% since March 1. Chinese rebar and iron ore futures fell in late trade on Friday, pointing to the potential for further weakness ahead.