Mr. Ioannis Tsitos reportsGOLDSOURCE MINES PROVIDES PRIVATE PLACEMENT UPDATEGoldsource Mines Inc.'s private placement for $1.0-million announced on Dec. 18, 2017, and increased to $1.8-million as announced on Jan. 5, 2018, has been oversubscribed.As a result, the company has received conditional TSX Venture Exchange approval for a private placement of a total of 36,418,000 units, which is now expe...Read More
SYDNEY, Jan 16 (Reuters) - Australian sales of new vehicles surged by the most since 2012 in December to hit record highs for the month and the year, adding to signs of a pick up in consumer spending after a prolonged soft spell.Tuesday's data from the Australian Bureau of Statistics showed sales jumped 4.5 percent in December to a seasonally adjusted 103,743, a marked step up from November's 0.2...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -0.5 pct, CSI300 +0.0 pct, HSI -0.2 pct* Shanghai->HK daily quota used 11.5 pct* HK->Shenzhen Connect daily quota used 0.1 pct, Shenzhen->HK daily quota used 9.6 pct* CNY official close 6.4363 per dollar* FTSE China A50 +1.3 pct, BNY Mellon ADR China Select Index +0.3 pct SHANGHAI, Jan 16 (Reuters) - Following is a list of recent corporate and poli...Read More
Jan 16 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS16-Jan Japan Auction of 5-year government bonds16-Jan Spain Auction of 6- and 12-month Treasury bills17-Jan Japan 1-year discount bill auction17-Jan Germany Auction of 30-year Federal bonds18-Jan Japan 3-month discount bill auction18-Jan...Read More
Jan 16 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- TUESDAY, JANUARY 16LONDON - Bank of England Deputy Governor Sam Woods speaks at parliament treas...Read More
After an incredible rally during the first week of January, many people arrived in the office last Monday fully prepared for a market breather. Monday provided a slight pause in the action, but the break did not last long. By the end of the week, all the major U.S. equity indexes were higher, and the momentum from the first week of 2018 cruised along into the second week without so much as a hiccu...Read More
Dutch journalist Bram Ebus has just published an entire website dedicated to Venezuela's Mining Arc, a mega project that is at the centre of a national controversy given the devastation to both the natural environment and local communities that it is causing, as well as the innumerable allegations of rampant corruption surrounding it.Ebus spent three months investigating the many different aspects...Read More
By Suleiman Al-KhalidiAMMAN, Jan 16 (Reuters) - Jordan's cabinet announced on Monday a major package of IMF-guided tax hikes it says are crucial to gradually lower record public debt needed to get the economy hit by regional conflict growing again. The package announced on state media includes removing exemptions on general sales tax and unifying low 4 to 8 percent rates on a large number of items...Read More
* Business sentiment at -12 pct in Q4* Most pessimistic result in two years* Firms downbeat on new Labour govt - economist (Adds economist comment, market reaction)By Charlotte GreenfieldWELLINGTON, Jan 16 (Reuters) - New Zealand business sentiment turned negative and sunk to a two-year low in the fourth quarter due to pessimism towards the new centre-left government, a private think tank said on...Read More
By George GeorgiopoulosNICOSIA, Jan 16 (Reuters) - Eurobank will maintain its Balkan footprint in Bulgaria, Serbia and Cyprus after pulling out of Romania, its deputy CEO said on Tuesday, expecting the group's subsidiaries there to double their profitability over the next few years.Greece's third-largest lender by assets clinched a deal in November to sell its Romanian unit Bancpost to Banca Trans...Read More
Commentary courtesy of SRSrocco Report. In this update, Tom Cloud reviewed his calls on for the precious metals market last year and what he sees taking place in 2018. Tom discusses their price targets and the overall precious metals market. For example, Tom's forecast for gold to go up 10% in 2017 actually turned out to be 13.5%. This was due to what he saw as the falling U.S. Dollar Ind...Read More
(Adds quotes from PSD leader, detail)* Tudose is second premier ousted since June* Move strengthens PSD leader Dragnea's grip on power* Party holds comfortable majority in parliament By Radu-Sorin MarinasBUCHAREST, Jan 15 (Reuters) - Romania's Prime Minister Mihai Tudose resigned on Monday after his Social Democrat Party (PSD) withdrew backing for him in an overwhelming vote, becoming the second...Read More
Canada's Gran Colombia Gold (TSX:GCM) announced today that its total gold production for 2017 was 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year which was estimated between 150,000 and 160,000 ounces of gold.Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.Despite the fact that it...Read More
PANAMA CITY, Jan 15 (Reuters) - Consumer prices in Panama were 0.5 percent higher in December compared with the same month a year earlier, the country's national statistics office (CGR) said on Monday.Education prices rose 3.5 percent, while health was up 2.3 percent and transportation prices gained by 1.7 percent, according to CGR data.Consumer prices rose by 0.2 percent in December compared with...Read More
(Adds details on specific stocks, updates prices to close)* TSX ends up 63.63 points, or 0.39 percent, at 16,371.81* Seven of the TSX's 10 main groups move higher TORONTO, Jan 15 (Reuters) - Canada's main stock index gained on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high.* The Toronto Stock Exchange's S&a...Read More
(Updates prices)By Bruno FederowskiSAO PAULO, Jan 15 (Reuters) - The Mexican peso rose to a more than five-week high on Monday on hopes that U.S. President Donald Trump may soften his stance on the North American Free Trade Agreement (NAFTA) after negotiations hit a bumpy patch last week.Renewed worries that Trump would scrap NAFTA had weighed on the peso last week. The talks between the United St...Read More
TORONTO, Jan 15 (Reuters) - Canada's main stock index ended higher on Monday, boosted by sharp jumps for cannabis stocks after a sell-off last week and by gains for major gold miners as the price of the precious metal hit a four-month high.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 63.63 points, or 0.39 percent, at 16,371.81. Seven of its 10 main sectors rose.(...Read More
Jan 16 (Reuters) - Australian shares are poised to edge lower on Tuesday, weighed down by material stocks, as iron ore and coking coal fell.Chinese iron ore futures slipped 2 percent on Monday as stockpiles of the steelmaking commodity at China's ports surged to the highest since at least 2004, with weaker steel prices also adding pressure. The local share price index futures inched down 0.1 perce...Read More
Jan 16 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6077.1 7.0 NZX 50**8,211.37 -30.98DJIA* 25,803.19228.46NIKKEI**23,714.8861.06Nasdaq* 7,261.06249.285FTSE**7,769.14 -9.50S&P 500*2,786.24 18.68 Hang Seng** 31,338.87-73.67SPI 200 Fut 6016.0 -10 STI** 3,536.41 15.85SSEC**3,409.9907 -18.95KOSPI** 2,503.73 7.31------------------------------------------------------------...Read More
(Adds details, quotes, background)By PolinaIvanova and JulieZhuMOSCOW/BEIJING, Jan 15 (Reuters) - Russia's largest gold miner Polyus said on Monday that plans to sell a 10 percent stake to a consortium led by China's Fosun International had been dropped after one of the conditions of the agreement was not met.Russia, the world's third largest gold producer, had been looking for investments from A...Read More