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Under a new mining code, companies operating in Mali will be protected from fiscal changes for 10 years, down from the previous "stability period" of 30 years, a senior mines ministry official told Reuters on Friday. Companies operating in the country include Barrick Gold Corp , B2Gold, Hummingbird Resources and AngloGold Ashanti. Lassana Guindo, a technical advisor at the ministry who is in charge of the new code, said the shorter stability period was in line with regional norms.
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Based on the early price action, the direction of the EUR/USD on Friday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1067.
Crude prices are likely to rally today if Powell is hawkish and supports additional rate cuts. However, gains could be limited as long as there are lingering worries over U.S.-China trade relations.
After a sharp move higher yesterday on the back of positive Brexit comments, the British pound has eased lower in early trading on Friday.
Based on the early price action and the current price at 7753.25, the direction of the September E-mini NASDAQ-100 Index on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at 7735.75.
Based on the early price action, the direction of the AUD/USD on Friday is likely to be determined by trader reaction to the pivot at .6749.
High hopes are riding on Chair Jay Powell’s Jackson Hole speech after an agitated August for investors amid deafening recessionary rhetoric and the escalating trade war. After several pre-Jackson Hole inspired position squeezes, investor fatigue is setting in as the markets have found themselves in a temporary state of pre-Jackson Hole position neutrality.
Investing.com - Gold prices traded lower on Friday in Asia ahead of the Federal Reserve’s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans.
Investing.com - Oil prices gained on Friday in Asia, but price movements were limited as traders await a speech by Federal Reserve Chairman Jerome Powell for more clues on U.S. monetary policy.
Mining companies operating in Mali will no longer be exempt from value-added tax during production and will only be protected from fiscal changes for a shorter period, according to a new mining code announced by the Mines Ministry on Wednesday. An opening salvo in what could be a protracted negotiation between the government and corporates over mining regulation in Africa's third-largest gold producer, the move is seen by some as a new instance of "resource nationalism" on the continent.
Based on today’s wide range and current price at 1.1085, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 1.1112 and the uptrending Gann angle at 1.1066.
US farmers are complaining that the government crop report did not reflect damage from extreme weather conditions in the last months, and it looks like they are right after the Pro Farmer Crop Tour is reporting significantly lower yields than the WASDE report.
The direction depends on whether the short sellers want to give in a little to trigger a short-covering rally so they can short again at better prices. Or, if the short sellers smell blood and want to punish the last of the longs while squeezing every drop of profit out of the market.
LONDON/BEIJING, Aug 22 (Reuters) - China has partially lifted restrictions on imports of gold, bullion industry sources said, loosening curbs that had stopped an estimated 300-500 tonnes of the metal worth $15-25 billion at current prices from entering the country since May. China's central bank had for several months curtailed or not granted import quotas to commercial banks responsible for most of the gold that enters the country, Reuters reported last week. Sources said those measures had possibly been designed to reduce capital outflows and bolster the yuan, which has slumped to 11-year lows against the dollar as a trade dispute with the United States batters China's economy.
Indian restaurants have come out all guns blazing against food-delivery players. For a while now, hospitality industry trade bodies have been calling out food-service aggregators (FSA) such as Zomato, Swiggy, Nearbuy, Dineout, EazyDiner, and Magicpin for their unethical business practices. On Aug. 18, the Federation of Hotel & Restaurant Associations of India (FHRAI) got behind the #LogOut movement spurred by the National Restaurant Association of India (NRAI), a grouping of over 500,000 eateries.
Investing.com - Gold prices fell on Thursday as traders were disappointed the U.S. Federal Reserve did not reveal any plans for a series rate cuts.
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
The future of Spider-Man on the big screen is in doubt after Disney and Sony failed to come to a new agreement. But this could be a good thing.