Recent News

FOREX-Dollar finds traction after steep fall, holds above 3-yr lows

February 18, 2018 / www.kitco.com

* Dollar manages to hold above 3-yr lows after Friday's bounce* Greenback finds bids after last week's rapid, sharp decline By Shinichi SaoshiroTOKYO, Feb 19 (Reuters) - The dollar found some traction on Monday following last week's steep fall and managed to hold above a three-year low against a basket of currencies.The dollar index against a group of six major peers was mostly steady at 89.081 a...Read More

DIARY-Government Debt Auctions to March 30

February 18, 2018 / www.kitco.com

Feb 19 (Reuters ) - For other diaries, please see:Top Economic Events[M/DIARY ]Polling Unit Diary [POLL/DI ARY]Today in Washingt on [WASH/DI ARY]Politica l and General News [POL/DIA RY] DATECOUNTRY AUCTION DETAILS 19-FebNetherlands DTC auction20-FebGermany Auction of 2-year Treasury notes20-FebSpain Auction of 3- and 9-month Treasury bills20-FebUnited States Sale of 2-year notes21-FebUnited State...Read More

DIARY-Emerging Markets Economic Events to March 29

February 18, 2018 / www.kitco.com

Feb 19 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily -----------------------------------------------------------MONDAY, FEBRUARY 19SYDNEY - Speech by Michele Bullock, RBA Assistant Governor...Read More

DIARY-Top Economic Events to March 27

February 18, 2018 / www.kitco.com

Feb 19 (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 -----------------------------------------------------------MONDAY, FEBRUARY 19BRUSSELS - Eurogroup meeting.TUESDAY, FEBRUARY 20** BRUSSELS - ECB Vice Presid...Read More

New shaft will extend EU's largest gold mine to 2035

February 18, 2018 / www.mining.com

The biggest gold mine in the European Union is getting a new lease on life, thanks to a shaft sinking project that will increase throughput.Reporting its fourth-quarter and full-year results last Thursday, Agnico Eagle Mines (TSX,NYSE:AEM) said it will invest 160 million euros on expanding its Kittil?? gold mine in Lapland, northern Finland, including the construction of a kilometre-deep mine sha...Read More

New shaft will extend EU's largest gold mine to 2035

February 18, 2018 / www.mining.com

The biggest gold mine in the European Union is getting a new lease on life, thanks to a shaft sinking project that will increase throughput.Reporting its fourth-quarter and full-year results last Thursday, Agnico Eagle Mines (TSX,NYSE:AEM) said it will invest 160 million euros on expanding its Kittil?? gold mine in Lapland, northern Finland, including the construction of a kilometre-deep mine sha...Read More

Japan manufacturers' mood worsens as yen rises - Reuters Tankan

February 18, 2018 / www.kitco.com

* Feb manufacturers' sentiment index +29 vs +35 in Jan* Service-sector index +33 in Feb, unchanged from Jan* Manufacturers' mood seen up ahead, service sector down* Reuters Tankan closely correlates with BOJ tankan By Tetsushi Kajimoto and Izumi NakagawaTOKYO, Feb 19 (Reuters) - Confidence among Japanese manufacturers worsened significantly in February from January's strong reading, the Reuters T...Read More

UPDATE 2-May launches review of high UK university fees, promising fairer deal

February 18, 2018 / www.kitco.com

(Adds Prime Minister quotes)By Paul Sandle and David MillikenLONDON, Feb 18 (Reuters) - Britain could reduce the burden of university fees on students and bring back grants for their living expenses, Prime Minister Theresa May will say on Monday, under pressure to lure younger voters a year after they cost her parliamentary majority.May's predecessor David Cameron, a fellow Conservative, tripled...Read More

UPDATE 1-Australia's Domain Holdings off to shaky start with H12018 loss

February 18, 2018 / www.kitco.com

(Adds background, interim dividend, capex outlook)Feb 19 (Reuters) - Australian property classifieds website Domain Holdings Australia Ltd said on Monday that it made a loss in its first half as a jump in expenses weighed on earnings.The statutory net loss after tax was A$3.4 million ($2.69 million) for the six months to December, the company said in its first earnings update since being spun off...Read More

Australia's Domain Holdings clocks half-year loss as expenses weigh

February 18, 2018 / www.kitco.com

Feb 19 (Reuters) - Australian property classifieds website Domain Holdings Australia Ltd said on Monday that it made a loss in its first half as a jump in expenses weighed on earnings.The statutory net loss after tax was A$3.4 million ($2.69 million) for the six months to Dec. 31, the company said in its first earnings update since being spun off by newspaper publisher Fairfax Media Ltd in Novembe...Read More

New Zealand service activity edges down to 55.8 in January - BNZ

February 18, 2018 / www.kitco.com

WELLINGTON, Feb 19 (Reuters) - Growth in New Zealand's services sector eased in January and new orders fell to their lowest in 10 months, a survey showed on Monday.The Bank of New Zealand-Business NZ's seasonally adjusted performance of services index (PSI) edged down to 55.8 from 56 in the previous month. A reading above 50 indicates expansion in activity.The sub-index measuring new orders and bu...Read More

Australia shares set to slip; NZ falls slightly

February 18, 2018 / www.kitco.com

Feb 19 (Reuters) - Australian shares are set to slip mildly at Monday's open, extending a loss incurred on Friday. Australian share price index futures fell about 0.1 percent, or 7 points, to 5,850, a 54-point discount to the underlying S&P/ASX 200 index close. The benchmark lost 0.1 percent on Friday.Meanwhile, New Zealand's benchmark S&P/NZX 50 index fell 0.1 percent in early trade, weig...Read More

2017 gold deposits boasting the highest-grade drill intersections

February 18, 2018 / www.mining.com

Story developed using data from Mining Intelligence. Learn more and schedule a demo.Drill results are important indicators not only for mining and exploration companies, but nearly all stakeholders involved, including existing shareholders and potential investors.While high-grade drill intersects are generally exciting and promising news, a conservative and very rigorous approach is recommended...Read More

UPDATE 1-Asia Morning Call-Global Markets

February 18, 2018 / www.kitco.com

Feb 19 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,904-4.99 NZX 50**8,125.31 61.98DJIA**25,219.3819.01 NIKKEI**21,720.25255.27Nasdaq**7,239.465-16.965 FTSE**7,294.759.89S&P 500** 2,732.22 1.02Hang Seng** 31,115.43599.83SPI 200 Fut 5,850-7.00 STI** 3,443.51 40.65SSEC**3,199.4757 14.52 KOSPI** 2,421.83 26.64-----------------------------------------------------------...Read More

Jittery U.S. bond market braces for supply wave

February 18, 2018 / www.kitco.com

* U.S. to sell $151 bln in bills, $107 bln in notes* U.S. T-bill, two-year yields hover at highest since 2008* U.S. 5-year yield highest in nearly eight years* Tax cuts, budget deal stoke rise in federal debt issuance By Richard LeongNEW YORK, Feb 18 (Reuters) - Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their wo...Read More

Billion Dollar Diamond Fraud Case Puts India's State Banks In Focus

February 18, 2018 / www.kitco.com

Krishna N. Das, Aditya Kalra, Devidutta Tripathy, Tom LasseterNEW DELHI/MUMBAI (Reuters) - The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical center of one of the world’s fastest growing major economies.The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case...Read More

U.S. Charges Russians With 2016 U.S. Election Tampering To boost Trump

February 18, 2018 / www.kitco.com

Warren Strobel, Dustin Volz, Jonathan LandayWASHINGTON (Reuters) - A Russian propaganda arm oversaw a criminal and espionage conspiracy to tamper in the 2016 U.S. presidential campaign to support Donald Trump and disparage Hillary Clinton, said an indictment released on Friday that revealed more details than previously known about Moscow’s purported effort to interfere.The office of U.S. Spe...Read More

Stock Volatility: Back With A Bang And Here To Stay

February 18, 2018 / www.kitco.com

Saqib Iqbal AhmedNEW YORK (Reuters) - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.Stock market volatility spiked to a multi-year high in the selloff and some products that flourished in low volatility collapsed. A...Read More

IMF Chief Says 'Why Not?' To European Monetary Fund Plan: Paper

February 18, 2018 / www.kitco.com

VIENNA (Reuters) - International Monetary Fund chief Christine Lagarde has no objection to plans to turn the euro zone’s bailout fund into a European Monetary Fund, she said in comments published on Saturday.The European Commission has suggested transforming the role of the government-controlled European Stability Mechanism (ESM) into a full-blown European Monetary Fund under parliamentary c...Read More

Here Is What Chinese New Year Has In Store For Gold

February 18, 2018 / www.kitco.com

(Kitco News) - Analysts are optimistic when it comes to Chinese gold demandfor the Lunar New Year, stating that they expect to see strong growth despitehigher gold prices. China is already seeing an improvement in gold demand ahead ofthe Lunar celebrations, which will usher in the year of the Dog on Feb. 16. The occasion has historically been a key gold-buying opportunity for consumers in acount...Read More

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