Metals News
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Warren Buffett’s conglomerate has added another zero to its haul from a months-long selling spree of Bank of America Corp. stock. In its 14th round of disposals, Berkshire Hathaway Inc. eclipsed $10 billion of total proceeds from whittling its stake in the second-largest US bank, a regulatory filing on Monday shows. Buffett, 94, began paring the massive ...
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Thefts of copper have surged over the last year as prices spiral to up to €6,500 per tonne, despite the risks thieves face of electrocuting themselves as they cut power lines to sell copper wiring to scrapyards. The electricity authority of Cyprus (EAC) told the Cyprus Mail there had been a spike in the theft of copper wires this year, while data available ...
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Studying market history has made me a better investor. Calculating historical performance data is one of my go-to moves for this blog. It helps provide some insight into the potential risks and range of outcomes in the markets. Market history also helps keep you grounded. It’s important to understand the booms and busts — the South Sea Bubble, the panic of ...
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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.4 billion in August, down $8.5 billion from $78.9 billion in July, revised. tables August exports were $271.8 billion, $5.3 billion more than July exports. August imports were $342.2 billion, $3.2 billion less than July imports. The ...
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Copper prices are seeing heavy selling pressure on Tuesday as traders digest the latest briefing from the Chinese National Developments and Reform Commission. Traders had been eyeing fresh stimulus measures to be announced. However, with no additional program outlined at this time, copper traders reacted with clear disappointment, fuelling a more than 2% ...
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Warren Buffett’s conglomerate has added another zero to its haul from a months-long selling spree of Bank of America Corp. stock. In its 14th round of disposals, Berkshire Hathaway Inc. eclipsed $10 billion of total proceeds from whittling its stake in the second-largest US bank, a regulatory filing on Monday shows. Buffett, 94, began paring the massive ...
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The global economy is entering a “dangerous time” like never before as Middle East tensions remain elevated, said S&P Global’s vice chairman Daniel Yergin. Since the Israel-Hamas ...
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video An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. There are “good reasons” to move ...
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Bundesbank Chief Joachim Nagel said he’s willing to talk about an interest-rate cut at next week’s European Central Bank decision. “I want to wait until the actual meeting, but I ...
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post: ZHAO FROM NDRC EXPRESSES CONFIDENCE IN ACHIEVING ECONOMIC GROWTH GOALS post: CHINA STATE PLANNER VICE CHAIRMAN, ON INVESTMENT PROMOTION: LOCAL GOVERNMENTS AIM TO COMPLETE SPECIAL BOND ISSUANCE BY END OF OCTOBER post: CHINA STATE PLANNER VICE CHAIRMAN, ON LABOUR MARKET: **WILL RELY ON ECONOMIC DEVELOPMENT TO PROMOTE EMPLOYMENT **WILL ADOPT MULITPLE MEASURES TO STIMULATE PRIVATE SECTOR post: CHINA STATE PLANNER VICE CHAIRMAN, ON LABOUR MARKET: WILL RELY ON ECONOMIC DEVELOPMENT TO PROMOTE EMPLOYMENT post: CHINA STATE PLANNER VICE CHAIRMAN, ON LABOUR MARKET: WILL ADOPT MULITPLE MEASURES TO STIMULATE PRIVATE SECTOR
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post: FED'S KASHKARI: I NOW SEE NEUTRAL FED FUNDS RATE AS CLOSE TO 3%.
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post: FED'S KUGLER: I WILL SUPPORT ADDITIONAL RATE CUTS IF PROGRESS ON INFLATION CONTINUES AS EXPECTED. post: FED'S KUGLER: OUR APPROACH TO ANY POLICY DECISION WILL CONTINUE TO BE DATA DEPENDENT. post: FED'S KUGLER: IF DOWNSIDE RISKS TO EMPLOYMENT ESCALATES, CUTTING RATES MORE QUICKLY MAY BE APPROPRIATE. post: FED'S KUGLER: HURRICANE HELENE AND MIDDLE EAST EVENTS COULD AFFECT THE US ECONOMIC OUTLOOK. post: FED'S KUGLER: IF INCOMING DATA DO NOT PROVIDE CONFIDENCE INFLATION IS MOVING TOWARD 2%, SLOWING NORMALIZATION MAY BE APPROPRIATE.
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Copper prices are seeing heavy selling pressure on Tuesday as traders digest the latest briefing from the Chinese National Developments and Reform Commission. Traders had been eyeing fresh stimulus measures to be announced. However, with no additional program outlined at this time, copper traders reacted with clear disappointment, fuelling a more than 2% ...
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The market is likely to continue to see a lot of volatility from what I see, and at this point in time I think we’ve got a situation where traders will have to look at this through the possibility of trying to find value wherever we can. I think there are several areas that we can look at, but for me, the most obvious one is the same area that was so ...
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Hedge fund Elliott Associates on Monday lost an appeal against the dismissal of its lawsuit against the London Metal Exchange over billions of dollars of cancelled nickel trades, which judges said were vital for the stability of the overall market. The LME suspended trading and annulled $12 billion in nickel trades in March 2022 when prices doubled to ...