News
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Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion
April 22 (Reuters) - Canada's Barrick Gold ABX.TO said on Tuesday it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources NG.TO for up to $1.1 billion.The Donlin Gold project is a proposed mine which holds roughly 39 million ounc...Reuters
Tue, Apr 22
Barrick Announces Sale Of Stake In Donlin Gold Project
April 22 (Reuters) - Barrick Gold Corp ABX.TO:BARRICK ANNOUNCES SALE OF STAKE IN DONLIN GOLD PROJECT FOR UP TO $1.1 BILLIONBARRICK GOLD CORP: PAULSON AND NOVAGOLD HAVE AGREED TO ACQUIRE 80 PERCENT AND 20 PERCENT, RESPECTIVELYBARRICK GOLD: GRANTED NOVAGOLD OPTION TO PURCHASE OUTSTANDING DEBT OWED TO ...Reuters
Tue, Apr 22
GRAINS-Chicago soybeans higher, corn and wheat subdued
Grains consolidate after falling amid Monday's markets selloffWeak dollar underpins U.S. grains as crop weather monitoredBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, April 22 (Reuters) - Chicago soybean futures edged up on Tuesday while corn and wheat inched lower as broader financial m...Reuters
Tue, Apr 22
REFILE-Halliburton first-quarter profit falls on North America drilling weakness
April 22 (Reuters) - Halliburton HAL.N posted lower first-quarter profit on Tuesday as a slowdown in drilling activity in North America dampened demand for its oilfield services and equipment.The Houston-based company posted a profit of $204 million, or 24 cents per share, in the three months ended ...Reuters
Tue, Apr 22
RTX posts higher quarterly profit on strong demand for jet services
By Utkarsh Shetti and Mike StoneApril 22 (Reuters) - RTX RTX.N reported a higher first-quarter profit and reaffirmed its annual outlook on Tuesday, as strong demand for jet repair and maintenance services helped offset weaker sales in the company's defense unit.The aerospace and defense major ha...Reuters
Tue, Apr 22
Barrick Gold Is Exiting Alaskan Mining Project By Selling 50% Stake To Billionaire John Paulson, Novagold for $1 billion - Bloomberg News
April 22 (Reuters) - BARRICK GOLD IS EXITING AN ALASKAN MINING PROJECT BY SELLING ITS 50% STAKE TO BILLIONAIRE JOHN PAULSON AND NOVAGOLD RESOURCES - BLOOMBERG NEWSSource text: https://tinyurl.com/5apaas96Reuters
Tue, Apr 22
Silver Price Forecast: XAG/USD wobbles below $33 as investors seek development in US-China trade
Silver price (XAG/USD) trades sideways around $32.50 during European trading hours on Tuesday. The white metal has turned sideways over the last three trading days as investors look for fresh development in trade relations between the United States (US) and China.
Fxstreet
Tue, Apr 22
China asks Korea not to export products using rare earths to US defense firms, paper reports
SEOUL, April 22 (Reuters) - Beijing recently asked South Korean companies not to export products containing China's rare earth minerals to U.S. defense firms, the Korea Economic Daily reported on Tuesday, citing government and company sources.The report said China's commerce ministry deliver...Reuters
Tue, Apr 22
TotalEnergies to shut Antwerp steam cracker end-2027
Non-renewal of major contract the reason for closureEuropean chemicals industry facing overcapacityTotal CEO in process of converting underperforming sitesAntwerp to begin producing sustainable aviation fuel this yearBy America Hernandez PARIS, April 22 - French oil major TotalEnergies will shut ...Reuters
Tue, Apr 22
INSIGHT-Brazil's would-be cocoa king aims to revolutionize industry with giant farm
Farmer setting up high-tech cocoa farm larger than ManhattanProduction to be nearly 100% mechanized, using high-yield treesCargill is a partner in the initial phaseChocolate maker Barry Callebaut a partner in another large project By Marcelo Teixeira RIACHAO DAS NEVES, Brazil, April 22 (Reuters) ...Reuters
Tue, Apr 22
EUROPE GAS-Prices mixed on economic concerns and storage needs
April 22 (Reuters) - Dutch and British wholesale gas prices were mixed on Tuesday morning, with price pressure from economic concerns and forecasts of milder weather while Europe's need to refill storage continued to provide support.The benchmark Dutch front-month contract TRNLTTFMc1 was down b...Reuters
Tue, Apr 22
Japan crude steel output falls 4.5% in fiscal 2024/25 on weak construction demand
By Yuka ObayashiTOKYO, April 22 (Reuters) - Crude steel output in Japan, the world's No.3 producer, fell 4.5% in fiscal 2024/25, weighed down by slack demand in construction and manufacturing as well as slow exports amid increasing exports from the world's top steel producer China.Output, w...Reuters
Tue, Apr 22
Taiwan says buying more US gas, oil is a focus in tariff talks
TAIPEI, April 22 (Reuters) - Increasing purchases of U.S. natural gas and oil is a focus of Taiwan's tariff talks with the United States, President Lai Ching-te said on Tuesday.Lai has pledged to seek a zero tariff regime with the United States and buy more from and invest more in the country, a...Reuters
Tue, Apr 22
WTI rises to near $63.50 due to covering short positions
West Texas Intermediate (WTI) Oil price retraces its recent losses from the previous session, trading around $63.30 per barrel during the European hours on Tuesday. The uptick in crude Oil prices came as investors took advantage of Monday’s sharp sell-off to cover short positions.Fxstreet
Tue, Apr 22
In Dubai's Gold Souk, bullion's record run brings little joy for jewellers
DUBAI, April 22 (Reuters) - In the bustling Gold Souk in Dubai, dubbed the "City of Gold", 22-karat gold jewellery is a traditional favourite for weddings, religious celebrations, and as a family investment.Yet with bullion prices hitting record highs above $3,400 an ounce, there are signs of...Reuters
Tue, Apr 22
METALS-London copper hits over two-week high as dollar slumps
NEW DELHI, April 22 (Reuters) - Copper prices in London hit a more than two-week high on Tuesday, tracking a sharp fall in the dollar as U.S. President Donald Trump's ramped-up criticism of the Federal Reserve chairman shook investor confidence in the U.S. economy.The benchmark three-month coppe...Reuters
Tue, Apr 22
