Industry News

Gold Set to Soar to $1,500 as Inflation Makes a Comeback

03/30/2017 2:02 a.m.

Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal ma... Full Story

ConocoPhillips sells oil and gas assets to Cenovus for $13.3 billion

03/29/2017 11:39 p.m.

ConocoPhillips (COP.N) on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc (CVE.TO) for C$17.7 billion ($13.3 billion), making it the latest international ... Full Story

Yuan Is Unlikely to Depreciate Sharply Against US Dollar in 2017, Says Mizuho Securities

03/29/2017 9:36 p.m.

This year will not see a collapse in the value of the yuan against the US dollar, which is expected to reach 6.9 yuan by the end of June, predicted Shen Jianguang, chief economist at Mizuho Securities Asia L... Full Story

Miners to spend $21 billion on exploration by 2025

03/29/2017 9:13 p.m.

An undeniable and ongoing rebound in commodity prices could take global mining spending in exploration up to as much as $21 billion by 2025, a level of funding last seen in 2012 according to S&P... Full Story

Schlumberger says bought stake in rig firm Borr Drilling

03/29/2017 1:31 a.m.

Schlumberger (SLB.N), the world's top oil services provider, has bought a stake in upstart rig operator Borr Drilling BORR.NFF. The investment was made through a newly created venture fund, which ... Full Story

The 2 Top Gold Stocks to Buy in 2017

03/29/2017 12:24 a.m.

With gold now up 9% to $1,261 this year, it's time to consider our two picks for the top gold stocks to buy in 2017. The price of gold is staging a massive rebound right now, a... Full Story

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

03/28/2017 10:35 p.m.

Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the yea... Full Story

China Surpasses Singapore as Malaysia’s Largest Property Investor

03/28/2017 9:33 p.m.

China has surpassed Singapore as the largest investor in Malaysian property after investing USD2.1 billion in real estate worth more than USD10 million over the past three years. Between 2014 and 2016... Full Story

As Trump focuses on energy, here are winners and losers in the sector, trader says

03/28/2017 8:17 p.m.

Investors looking to get into the energy space should look no further than natural gas, trader Roberto Friedlander told CNBC on Tuesday. President Donald Trump took aim at regulations in the... Full Story

China’s HNA Group in Talks to Spend Over USD400 Million for Controlling Stake in Forbes

03/28/2017 7:44 p.m.

HNA Group, a Chinese travel conglomerate, is in talks to buy a controlling stake in Forbes magazine, Reuters reported. Founded more than 100 years ago, the Forbes family gave up its controlling stake ... Full Story

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