Author: Jordan

MEXICO – First Majestic Silver Corp. (NYSE:AG) (TSX:AG) reported Tuesday that second quarter production reached 3.8 million silver ounces and 34,660 gold ounces, increases of 3% and 2% year-over-year respectively, according to a press release statement. The company raised its full-year 2026 production guidance to 14.6-15.5 million attributable silver ounces and 128,000-135,000 gold ounces, representing increases of 10% and 7% compared to original guidance. The revision reflects higher throughput rates and improved recoveries across its four Mexican underground mines. The operational improvements come as First Majestic’s stock has delivered a 106% return over the past year, though shares recently traded…

What does this mean for brokers? Applications will run through both broker and direct channels, with borrowers required to receive specialist mortgage advice before applying. Both the main borrower and the joint borrower go through enhanced affordability assessments, reflecting a wider industry shift toward loan structures that combine incomes rather than relying on a single applicant’s earnings – a trend also visible in NatWest’s recently launched Family-Backed Mortgage for first-time buyers. The launch adds to a growing list of lenders expanding JBSP eligibility and flexibility, though the structure isn’t without its critics. Some brokers have raised concerns about how well…

Accord Mortgages is cutting rates on its buy-to-let range this week, reducing five-year fixed rates by 0.08%. The changes from the intermediary-only lender apply to all five-year fixes up to 75% loan-to-value (LTV). The lender is also extending product end dates to 31 October, aiming to maximise product term value for brokers and their landlord clients. There are no changes to two or three-year rates. The range refresh takes effect from 8 am tomorrow, Thursday, 9 July, and includes: A five-year fixed rate at 4.87% (down from 4.95%) for house purchasers at 75% LTV, with a £995…

What Happened? A number of stocks fell in the afternoon session after President Trump declared the Iran ceasefire “over” and threatened renewed strikes, sending oil higher and bond yields up in a session that punished high-multiple tech.  Software companies are quintessential long-duration growth stocks, valued on cash flows expected far into the future, which makes them acutely sensitive to interest rates.  When a crude spike revives inflation fears and pushes government bond yields higher, as it did, the discount rate applied to those distant earnings rises and rich software valuations compress fastest.  The move was amplified by a risk-off rotation:…

Muthoot Finance Ltd (ISIN INE414G01012) is one of India’s largest non-banking financial companies focused primarily on gold-backed lending to retail customers. The company’s business model is closely tied to domestic consumption and small business financing, making it a key player in India’s broader credit cycle.Gold loans remain the core engineMuthoot Finance centers its operations on extending short to medium-tenor loans secured against household gold jewelry. This collateral-heavy structure allows the company to underwrite relatively small-ticket loans quickly while managing credit risk through conservative loan-to-value ratios and frequent reassessments of pledged gold.The company’s network spans thousands of branches across urban, semi-urban,…

What plan sponsors need to know as DOL’s regulatory agenda targets alternatives, ESG Pensions & Investments Source link

It’s pretty typical for a top trader to move from a bank to a commodities trading house. What’s much less common is for an investment banker to make the jump – but it does happen.Click here to join the bubble by eFinancialCareers, our new anonymous community. ✍️Josh Presley arrived at Trafigura as its head of corporate finance this month, based in Geneva. He joined the commodities trader from SMBC, where he spent two and a half years as the bank’s head of debt capital markets.  He was a managing director (MD) at Credit Suisse before that, where he worked on and…

© A HIP A HUB STOCK / Shutterstock.com Hedge funds have net-sold U.S. technology stocks for four straight weeks, with semiconductor and hardware names at the center of the unwind, according to Goldman Sachs prime brokerage data cited by Reuters. The AI signal is cautious, not abandonment: sophisticated traders appear to be trimming crowded chip winners after a major run, even as semiconductor exposure remains historically elevated. The Selling: Four Straight Weeks Out of Tech According to Goldman Sachs prime brokerage data circulated the week ending July 3, hedge funds net-sold U.S. information technology for a fourth consecutive week, with…

The Cambridge Building Society is making its 98% LTV first-time-buyer product available to all mortgage brokers from today. Its First Step two-year fixed rate mortgage at 5.89% is available exclusively to first-time buyers with borrowing of up to 98% of the property value and a maximum loan size of £500,000. The Cambridge said it will lend up to 5.5 times household income, where affordable, while accepting gifted deposits and lending on new-build houses, but not new-build flats. The minimum purchase price is £100,000 and self-employed applicants are also considered in line with the society’s standard criteria. Cambridge said the change…

The governor of the Bank of England has broken his silence about the pressure Nigel Farage put on him to drop a cryptocurrency policy that could be costly for Reform UK’s billionaire backer, saying he is “able to spot” and resist lobbying.Andrew Bailey’s comments, in a letter seen by the Guardian, come as Farage’s decision not to disclose a £5m gift from the Thailand-based crypto tycoon Christopher Harborne has triggered the biggest crisis of his political career.On Tuesday, the Reform UK leader said he would resign as an MP amid a parliamentary standards investigation into the payment from Harborne and…