Genting Hong Kong shares slump 33pc after heir-controlled cruise operator suspends payments to creditors
Thursday, 20 Aug 2020 01:32 PM MYT

BY YISWAREE PALANSAMY

Copper rose above $3 a pound for the first time in more than two years on Wednesday, extending a recent rally driven by steady Chinese demand and disruptions to global supply.

Most actively traded copper futures for delivery in September added 1.6% to $3.0230 a pound, the first time they have eclipsed the closely watched $3 level since June 2018. Many analysts think that $3 copper incentivizes miners to pursue longer-term projects to extract metal. A dearth of investment in new mines due to low prices in recent years is one reason some analysts are bullish on the industrial metal, which is used to manufacture everything from smartphones to homes.

Copper rose above $3 a pound for the first time in more than two years on Wednesday, extending a recent rally driven by steady Chinese demand and disruptions to global supply.

Most actively traded copper futures for delivery in September added 1.6% to $3.0230 a pound, the first time they have eclipsed the closely watched $3 level since June 2018. Many analysts think that $3 copper incentivizes miners to pursue longer-term projects to extract metal. A dearth of investment in new mines due to low prices in recent years is one reason some analysts are bullish on the industrial metal, which is used to manufacture everything from smartphones to homes.

Copper rose above $3 a pound for the first time in more than two years on Wednesday, extending a recent rally driven by steady Chinese demand and disruptions to global supply.

Most actively traded copper futures for delivery in September added 1.6% to $3.0230 a pound, the first time they have eclipsed the closely watched $3 level since June 2018. Many analysts think that $3 copper incentivizes miners to pursue longer-term projects to extract metal. A dearth of investment in new mines due to low prices in recent years is one reason some analysts are bullish on the industrial metal, which is used to manufacture everything from smartphones to homes.

BNM OPR seen lower at 1.50% by end-2020 as MGS yields fall to record low — RAM
Chong Jin Hun
/
theedgemarkets.com

August 19, 2020 12:23 pm +08

BNM OPR seen lower at 1.50% by end-2020 as MGS yields fall to record low — RAM
Chong Jin Hun
/
theedgemarkets.com

August 19, 2020 12:23 pm +08

BNM OPR seen lower at 1.50% by end-2020 as MGS yields fall to record low — RAM
Chong Jin Hun
/
theedgemarkets.com

August 19, 2020 12:23 pm +08

Saudi Arabia's $300 billion wealth fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
Shalini Nagarajan
Aug. 17, 2020, 07:33 AM

Saudi Arabia's $300 billion wealth fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
Shalini Nagarajan
Aug. 17, 2020, 07:33 AM

Trading the Australian dollar (AUD) is just like trading gold in many ways. As the world's second-largest producer of gold (third largest some years), the Australian dollar has a high positive correlation with the precious metal.

Trading the Australian dollar (AUD) is just like trading gold in many ways. As the world's second-largest producer of gold (third largest some years), the Australian dollar has a high positive correlation with the precious metal.

The Australian dollar and Copper have around a 70% correlation.

Around 70% correlation-
The Australian dollar and Copper have around a 70% correlation.

Copper price: USD6492 per ton
Zinc price: USD2448 per ton

Potential stock related to glove,gold,copper and zinc.

CSC STEEL HOLDINGS BHD

Copper price jumps to 2-year high

Copper prices rallied on Tuesday on the back of falling inventories, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.

Copper for delivery in September trading in New York changed hands for $2.9815 a pound ($6,573a tonne) in afternoon trade, up 2.8% from Monday’s settlement.

Copper futures prices are on track for the highest close since July 2018 and are now up by more than 50% from the covid-19 lows struck in March.

https://www.nationsencyclopedia.com/Asia-and-Oceania/Malaysia-MINING.html

Copper price jumps to 2-year high

Copper prices rallied on Tuesday on the back of falling inventories, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.

Copper for delivery in September trading in New York changed hands for $2.9815 a pound ($6,573a tonne) in afternoon trade, up 2.8% from Monday’s settlement.

Copper futures prices are on track for the highest close since July 2018 and are now up by more than 50% from the covid-19 lows struck in March.

https://www.nationsencyclopedia.com/Asia-and-Oceania/Malaysia-MINING.html

Post removed.Why?

Post removed.Why?

Tawin, Anzo, Jag

Chinese demand rising as supply worries mount
Chinese investors, in particular, are seeing a convergence of rising Chinese demand and rising supply-side anxiety.

A simultaneous fall in SHFE inventory and a rise in refined metal imports supports the rapid recovery story in China.

Rising infection rates in South America impact mining sector
Both copper and zinc rely heavily on mines in Chile and Peru for ore supplies.

That reality is a fact highlighted in a recent Mining.com report, which warned that mining companies operating in Peru are being forced to keep operations suspended.

In addition, companies are halting new operations as confirmed coronavirus cases in the country surged past 300,000, with several of the new infections happening in the copper sector.

Supply-side concerns have also provided support for lead (often co-mined with zinc). This is despite a massive surge in LME inventory arriving in last July, nearly doubling stock levels to 119,000 metric tons.

Supply-side worries are supporting the zinc, lead and copper prices
by Stuart Burns on AUGUST 18, 2020

Chinese demand rising as supply worries mount
Chinese investors, in particular, are seeing a convergence of rising Chinese demand and rising supply-side anxiety.

A simultaneous fall in SHFE inventory and a rise in refined metal imports supports the rapid recovery story in China.

Rising infection rates in South America impact mining sector
Both copper and zinc rely heavily on mines in Chile and Peru for ore supplies.

That reality is a fact highlighted in a recent Mining.com report, which warned that mining companies operating in Peru are being forced to keep operations suspended.

In addition, companies are halting new operations as confirmed coronavirus cases in the country surged past 300,000, with several of the new infections happening in the copper sector.

Supply-side concerns have also provided support for lead (often co-mined with zinc). This is despite a massive surge in LME inventory arriving in last July, nearly doubling stock levels to 119,000 metric tons.

Supply-side worries are supporting the zinc, lead and copper prices
by Stuart Burns on AUGUST 18, 2020

https://markets.businessinsider.com/commodities/copper-price

ABF MALAYSIA BOND INDEX FUND ABFMY1

ABF MALAYSIA BOND INDEX FUND ABFMY1

GoldEtf 0828EA

GoldEtf 0828EA

‘Something is ending’: German towns braced for US military exit
The thought of troops leaving one of the largest overseas American bases in the world brings mixed feelings

The Trump administration wants a US-China commercial split

Bloomberg reports that a recent Weibo survey in China that sampled more than 1.2 million respondents, revealed that an overwhelming majority of Chinese iPhone users, 95% to be exact, would switch from Apple to another smartphone brand rather than give up WeChat.


With more than a billion users, WeChat is the single most important app in China. It has grown to become more than just a messaging app, as people use it to make in-store payments, transfer money to friends, ride-hail, order food deliveries and more.

Bloomberg reports that a recent Weibo survey in China that sampled more than 1.2 million respondents, revealed that an overwhelming majority of Chinese iPhone users, 95% to be exact, would switch from Apple to another smartphone brand rather than give up WeChat.


With more than a billion users, WeChat is the single most important app in China. It has grown to become more than just a messaging app, as people use it to make in-store payments, transfer money to friends, ride-hail, order food deliveries and more.

Apple, Intel, and other US companies reportedly urged Trump to rethink the WeChat ban.
They’re hoping the administration will narrow the order to allow business in China.
A ban could put American companies at a disadvantage against Chinese rivals.

Bloomberg reports that a recent Weibo survey in China that sampled more than 1.2 million respondents, revealed that an overwhelming majority of Chinese iPhone users, 95% to be exact, would switch from Apple to another smartphone brand rather than give up WeChat.


With more than a billion users, WeChat is the single most important app in China. It has grown to become more than just a messaging app, as people use it to make in-store payments, transfer money to friends, ride-hail, order food deliveries and more.

TIKTOK AND ITS EMPLOYEES PREPARE TO FIGHT TRUMP OVER APP BAN
Trump last week ordered sweeping but vague bans on dealings with the Chinese owners of TikTok, saying it is a threat to U.S. national security.

Author: MATT O'BRIEN (AP Technology Writer)
Published: 3:37 PM EDT August 13, 2020
Editor's note: The video above was published Aug. 13, 2020.

TikTok and its U.S. employees are planning to take President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits.

Treasury Sanctions Individuals for Undermining Hong Kong’s Autonomy
August 7, 2020
WASHINGTON – Today, the Department of the Treasury imposed sanctions on 11 individuals for undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly of the citizens of Hong Kong.

China has imposed sanctions on 11 American lawmakers and foreign policy experts in response to similar US measures on Chinese and Hong Kong officials, as tensions between the two powers escalate.

Beijing on Monday hit back at the US after President Donald Trump last week brought sanctions against Chinese and Hong Kong officials over their role in imposing a draconian security law on the Asian financial centre.

Golden bridge is falling down, falling down, failing down.

Wait long long time also will not fly.

Last time, Boss botak trap. Now Fatty trap.

Gold up and down. The company also up and down. Shoot high and fall hard. Everyday up and and down hard will get heart attack.

Roller coaster

Gold's bull run turns bearish
After a strong run that sent gold prices to record levels and up more than 40% this year, buyers have turned their backs on the precious metal in recent trading sessions. As a result, investors in gold stocks, including S&P 500 component Newmont Corporation, have started offloading gold miners.

Looking more broadly outside the S&P, it was a terrible day for gold, silver, and other precious and semiprecious miner stocks. First Majestic Silver (NYSE:AG) and Fortuna Silver (NYSE:FSM) shares fell 12%, while Coeur Mining (NYSE:CDE) and Yamana Gold (NYSE:AUY) shares lost 10% on the day.

Gold's bull run turns bearish
After a strong run that sent gold prices to record levels and up more than 40% this year, buyers have turned their backs on the precious metal in recent trading sessions. As a result, investors in gold stocks, including S&P 500 component Newmont Corporation, have started offloading gold miners.

Looking more broadly outside the S&P, it was a terrible day for gold, silver, and other precious and semiprecious miner stocks. First Majestic Silver (NYSE:AG) and Fortuna Silver (NYSE:FSM) shares fell 12%, while Coeur Mining (NYSE:CDE) and Yamana Gold (NYSE:AUY) shares lost 10% on the day.