BUENOS AIRES, Jan 16 (Reuters) - Argentina's central bank cut interest rates to 27.24 percent from 28.75 percent on its short-term securities on Tuesday in its monthly auction, a move that was in line with market expectations after a recent change in inflation goals.The monetary authority sold 352.804 billion pesos ($18.667 billion) in Lebac securities. (Reporting by Walter Bianchi; Editing by Lis...Read More
SYDNEY, Jan 17 (Reuters) - Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option.Bitcoin was last down 25 percent at $10,182.00 on the Luxembourg-based Bitstamp exchange. (Reporting by Wayne Cole; Editing by Sandra Maler) Disc...Read More
Mr. Derek White reportsASCOT ANNOUNCES NEW BOARD MEMBER AND GRANT OF STOCK OPTIONSAscot Resources Ltd. has appointed Don Njegovan to the Ascot board of directors effective immediately. Mr. Njegovan, currently the Vice President of New Business Development at Osisko Mining, headquartered in Toronto, Canada, brings a wealth of experience in both the banking and mining sectors with senior roles held...Read More
Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment "pending the results of the technical reports and potential subsequent capital requirements."In a press release, the Vancouver-based miner revealed that, including pre-commercial productio...Read More
(Adds details on store openings)SAO PAULO, Jan 16 (Reuters) - Fourth-quarter gross sales at Brazilian food retailer Carrefour Brasil rose 5.3 percent from last year to 13.63 billion reais ($4.23 billion), as the sector continues to benefit from a consumer-led turnaround.In a securities filing on Tuesday, the company said gross sales for full-year 2017 jumped 7.2 percent, to 49.65 billion reais, w...Read More
Mr. Robert Willis reportsSAN MARCO CONTINUES TO DISCOVER HIGH GRADE MINERALIZATION AT CHUNIBAS; SAMPLES 6.41% COPPER AND 27.3 G/T SILVERSan Marco Resources Inc. has released further assay results from continuing fieldwork at Chunibas. As disclosed in the company's news release dated Jan. 10, 2018, newly discovered copper and silver mineralization at the company's 100-per-cent-owned Chunibas proper...Read More
(Adds details on stocks, updates prices)* TSX ends down 72.93 points, or 0.45 percent, at 16,298.88* Eight of TSX's 10 main groups end lower* Materials group down 1.2 percent, energy off 1.9 percent TORONTO, Jan 16 (Reuters) - Canada's main stock index fell on Tuesday as lower commodity prices weighed on the shares of materials and energy companies.* The Toronto Stock Exchange's S&P/TSX comp...Read More
Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China's Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the same period in 2013, w...Read More
NEW YORK, Jan 16 (Reuters) - New York Stock Exchange parent Intercontinental Exchange Inc (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second quarter, according to a recent regulatory filing.NYSE National will be the 13th U.S. stock exchange and will differ from the NYSE, NYSE Arca, and NYSE American in that it will only be a trading venue and not a listing market, NYS...Read More
U.S. stocks were off to the races this morning, with the Dow topping 26,000 for the first time ever. However, the index's triple-digit gain briefly turned into a triple-digit deficit in afternoon trading, with the DJIultimately finishing just below breakeven. Concerns about a General Electric (GE) breakup and a government shutdown weighed on blue chips, overshadowing a strong day for healthcare st...Read More
Jan 17 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6048.6 -28.5 NZX 50**8,250.54 39.17DJIA**25,792.86-10.33NIKKEI**23,951.81236.93Nasdaq**7,223.685-37.377 FTSE**7,755.93 -13.21S&P 500** 2,776.42 -9.82 Hang Seng** 31,904.75565.88SPI 200 Fut 5968.0 -26.0 STI** 3,550.21 13.80SSEC**3,437.4848 27.00 KOSPI** 2521.7418.01----------------------------------------------------...Read More
* Dow tops 26,000 but Wall Street gives up gains* Dollar holds near three-year lows* Oil, copper drop after rally (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 16 (Reuters) - World stock markets slipped on Tuesday, giving back early gains as Wall Street pulled back from initial highs after a decline in oil and metals dragged energy and materials stocks lo...Read More
By Trevor HunnicuttNEW YORK, Jan 16 (Reuters) - Investors looking to profit from excitement surrounding bitcoin technology will get a new opportunity this week.Funds coming to market on Wednesday will purchase shares of companies, such as Hitachi Ltd , Accenture plc and Overstock.com Inc , that may benefit from the digital asset's underlying technology. Rather than buying wild-trading "crypto...Read More
TORONTO, Jan 16 (Reuters) - Canada's main stock index fell on Tuesday as a drop in commodity prices weighed on the shares of materials and energy companies.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 72.93 points, or 0.45 percent, at 16,298.88. Eight of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Leslie Adler) Disclaimer: Th...Read More
Jan 17 (Reuters) - Australian shares are set to slide for a second straight session on Wednesday, with material and energy stocks leading the losses on a drop in base metal and oil prices. Base metals slipped on Tuesday with copper and nickel hitting multi-week lows as a steadier dollar weighed, while oil fell as Brent crude oil shed some of its recent gains.The local share price index futures fel...Read More
NEW YORK, Jan 16 (Reuters) - Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.The Dow Jones Industrial Average fell 10.33 points, or 0.04 percent, to 25,792.86, the S&P 500 lost 9.82 points, or 0.35 percent, to 2,776.42 and the Nasdaq Composite dropped 37.38 points, or 0.51 percent, to 7,223.69....Read More
ALL TIMES IN EST/GMT -------------------------------------------------------0700/1200: The USDA issues weekly world rice price.0915/1415: The Federal Reserve issues Industrial Production for December.No set time: The Association of American Railroads issues Weekly Traffic of Major Railroads.1400/1900: The Federal Reserve issues the Beige Book on economic conditions.1600/2100: The Treasury Dept. is...Read More
* ECB seen sticking to its policy message next week -Reuters* Signs of Merkel's struggle to govern puts euro on back foot* Bitcoin, other cryptocurrencies plunge on crackdown fears* Yen, Swiss franc gain as U.S. stocks retreat (Updates market action, adds quote)By Richard LeongNEW YORK, Jan 16 (Reuters) - The euro held close to a three-year high against the dollar on Tuesday, as the common currenc...Read More
BAKU, Jan 17 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining , said on Tuesday its annual output had fallen 1.2 percent in 2017 to 71,461 ounces, still within its target range of 64,000 to 72,000 ounces.The London-listed firm said copper production rose 2.6 percent to 1,991 tonnes, and silver output rose 4.7 percent to 172,853 ounces.Anglo Asian started a significant exploration pro...Read More
* Treasury yields fell Tuesday morning on ECB bond report* 5-year, 30-year spread hits lowest point in a decade By Gertrude Chavez-Dreyfuss and Kate DuguidNEW YORK, Jan 16 (Reuters) - U.S. long-dated Treasury yields fell on Tuesday morning along with those of European bonds, after a Reuters report said the European Central Bank was not quite ready to end its bond-buying scheme at next week's meet...Read More