Solgold chief executive encouraged by new study May 20, 2019 The chief executive of a London-listed company that runs a promising gold and copper mine said he is encouraged by a new study showing the project will cost between $2.4bn (£1.9bn) and $2.8bn before it starts to produce. An assessment, released today, shows the president net value of Solgold’s Alpala project is estimated at between [...]
Stocks tumble as Google’s Huawei block stokes trade tensions May 20, 2019 Global stocks slumped today after Google blocked parts of its business with Huawei, sparking fears of an escalation in the trade war between the US and China. Google today confirmed it had suspended Huawei’s access to its Android operating system after US President Donald Trump blacklisted the Chinese company over fears it could be a [...]
What will happen to the Eurozone when Mario Draghi steps down? May 20, 2019 Back in 2012, Mario Draghi committed to do “whatever it takes” to put the euro back on track. This influential statement brought the euro crisis to an end, and proved so powerful that precautions to safeguard the Eurozone, such as the Outright Monetary Transactions facility, did not need to be used. With Draghi’s term as [...]
Campaigner and investor Helena Morrissey casts vote for Brexit party in upcoming Euro-election May 20, 2019 Investor and campaigner Dame Helena Morrissey has revealed she cast a postal vote for the Brexit party in the upcoming European elections, saying the Conservatives have not delivered on the result of the 2016 referendum. Read more: City 'must change everything' to improve diversity, says Helena Morrissey “I believe we should leave the EU and [...]
Chinese giant takes £14m stake in London lithium miner Bacanora as batteries energise sector May 20, 2019 One of China’s largest lithium producers has today announced it will invest more than £14m in a London-listed miner in a bid to sure up supply of the in-demand metal. Ganfeng Lithium this morning announced the £14.4m deal to buy just under a third of Bacanora Lithium’s stock in new shares. Read more: Bacanora Minerals' [...]
Oil prices tick up as Opec signals it will keep production down in second half of the year May 20, 2019 Oil prices rose this morning as traders returned to work after Saudi Arabia said Opec still plans to decrease its inventories of crude oil. Saudi energy minister Khalid al-Falih said the oil-producing cartel had discussed rolling over production cuts into the second half of the year. Read more: Exxon decision to evacuate staff from Iraq [...]
Familiarity bias: how to overcome the fear of the unfamiliar to reach your investing goals May 20, 2019 | City Talk For the vast majority of people, like you and me, trading is not a full-time job. Though you try to do your best and make impactful investment decisions, you tend to make things “easier” (at least, you think you do so) and gravitate towards the familiar. In this case you may end up investing in [...]
Bitcoin bounces as the pound plunges: what’s next for global markets? May 20, 2019 | City Talk Last week was all about a modern currency enjoying some big moves – all while a more established one was plunging. Bitcoin has been grabbing its fair share of headlines in recent months, with the crypto favourite trading above $8,000 last week for the first time since July last year. This served to bring the [...]
Exxon decision to evacuate staff from Iraq ‘unacceptable and unjustified’ says oil minister May 19, 2019 Iraq’s oil minister has hit out at US oil giant Exxon, demanding it immediately returns workers which it evacuated from the country amid growing regional tensions. Thamer Ghadhban today said that Exxon’s decision was “unacceptable and unjustified” after it was revealed that all its foreign staff at the West Qurna 1 oilfield would be moved [...]
US stocks end the week down as trade concerns linger May 18, 2019 US stocks fell on Friday, bringing the three-day gains to a halt as the stand off with China over trade talks continued. The S&P 500 ended the session with a 0.6 per cent loss, despite climbing earlier in the day, following a report that a date for the next round of talks between Washington and Beijing [...]