Commodities
Beowulf Mining to enhance operations with £1.5m from placing
Beowulf Mining announced on Wednesday that it will seek to raise £1. 5m for its graphite exploration efforts through the placement of 30m new shares at five pence per share.
US oil inventories slip as exports jump, DoE says
Inventories of crude oil and its derivative products in the States were lower across the board last week amid rising exports.
Eland Oil & Gas 'very encouraged' as well expected to top guidance
Natural resource production and development firm Eland Oil & Gas announced on Wednesday that its Opuama-9 well, at the OML 40 asset in Nigeria, is expected to perform at the high-end of prior guidance.
Asiamet's BKZ delivers maiden resource estimate
Copper and gold exploration and development firm Asiamet Resources has reacted positively to an initial resource estimate for the BKZ polymetallic deposit in at the KSK project in Kalimantan, Indonesia.
US industrial production falls short of forecasts in March
US industrial production fell short of forecasts last month despite a sharp jump in the output of business equipment.
Households to cough extra £1.5bn after tweak in green subsidy backfires
UK energy users will be forced to pay an extra £1. 5bn for their green energy over the next fifteen years due to a tweak of the government’s policy on green energy subsidies, the National Audit Office has warned.
US housing starts peak in April, economists say
A key gauge of housing market activity in the US turned down last month, although the details of the report were somewhat stronger, according to economists.
North Korea threatens to call off US summit over nuclear demands
North Korea said it will not engage in economic trade with the US in exchange for its denuclearization and threatened to cancel the upcoming summit between leader Kim Jong-Un and US president Donald Trump.
Italian bonds rise as 5 Star, League economic plans leaked
Italian bond yields rose sharply on Wednesday after a plan by the populist 5 Star and League parties leaked revealing they want to write off €250bn (£220bn) in European Central Bank debt as part of a deal to govern in coalition.
Eurozone inflation confirmed at 1.2% in April
Annual inflation in the eurozone slowed to 1. 2% in April from 1. 3% the month before, well below the European Central Bank's target of close to but under 2%, data from Eurostat confirmed on Wednesday.