Bamako, Mali, 29 January 2018 - Randgold Resources' Loulo-Gounkoto gold mining complex is on track to improve on its record performance in 2018, with last year's production expected to reach a new peak and at lower cash costs of production, Chiaka Berthe, the company's general manager of its West African operations, said today.Speaking at the quarterly update for local media, Berthe said this...Read More
(Adds context, analyst quote)MOSCOW, Jan 29 (Reuters) - U.S. steel pipes producer IPSCO Tubulars and its owner, Russia's TMK aim to raise between $465 million and $535 million from IPSCO's initial public offering (IPO) on the New York Stock Exchange, it said on Monday.IPSCO announced a price range for the deal amid market expectations that Washington would release reports detailing the possibilit...Read More
2017 settlement agreement provides clear path for project review and permittingVANCOUVER, Jan. 26, 2018 /PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") confirms the Environmental Impact Statement ("EIS") permitting process for Southwest Alaska's Pebble Project continues to advance under the guidance of lead federal agency, the US Army C...Read More
(Kitco News) - Gold pricess are trading solidly lower in late-morningdealings Monday. A daily rally in the U.S. dollar index has promptedprofit-taking pressure in the gold and silver markets, after both had scored4.5-month highs last week. A sell-off in the U.S. stock market is so far nothelping out the precious metals market bulls. However, such could limit thedownside in gold and silver as the s...Read More
NEW YORK, Jan 29 (Reuters) - U.S. pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month-end in the wake of strong gains in the stock market in January, Wells Fargo strategists said on Monday.Retirement plans may need to add $16 billion in fixed income and to reduce up to $20 billion in equities for their month-end asset-allocation rebalancing...Read More
(Kitco News)- Hedge funds continued to buy goldfor the sixth consecutive week, according to the latest trade data from theCommodity Futures Trading Commission, but analysts note that momentum isslowing.The data shows that hedge fundsbought gold last week at the slowest pace since mid-December, when they wereactively selling the precious metal.The Commodity Futures TradingCommission’s disaggr...Read More
* Berlin warning highlights bonus bind for Deutsche* Germans wary of Wall Street business and pay* Deutsche set to report 3rd loss for 2017 on Friday (Adds details, background)By Tom SimsFRANKFURT/BERLIN, Jan 29 (Reuters) - Berlin took aim at Deutsche Bank on Monday over a report it plans to pay out more than 1 billion euros ($1.24 billion) in bonuses, telling the loss-making German lender to cons...Read More
WASHINGTON, Jan 29 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee...Read More
* Dollar rises but set to decline 3 percent on a monthly basis* Traders face Fed meeting, jobs report later in week* Euro, pound broadly down (Updates to U.S. market open; changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Jan 29 (Reuters) - The dollar rose on Monday against a basket of currencies as U.S. bond yields climbed and traders waited for a Federal Reserve meeting and...Read More
(Adds details, background)By Orhan Coskun and Ebru TuncayISTANBUL, Jan 29 (Reuters) - Russia's Sberbank is evaluating opportunities to sell its Turkish unit Denizbank , five sources close to the matter told Reuters.Banks from Gulf countries and China had expressed interest in buying Sberbank's 99.85 percent holding in the Turkish lender, three of the sources said.Sberbank, Russia's biggest bank b...Read More
(Updates to reflect afternoon trading)JOHANNESBURG, Jan 29 (Reuters) - South Africa's rand weakened on Monday as the dollar recovered and government bonds sold off, while investors waited anxiously for a results announcement by cash-strapped power utility Eskom on Tuesday.At 1533 GMT, the rand traded at 11.9325 per dollar, down 0.65 percent on the day. It gained over 2 percent against the dollar...Read More
Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are both scheduled to report earnings on Thursday, the former after the market closes, the latter before the open. The stocks have benefited greatly from the broad-market rally, sporting year-over-year gains of 50% and 55%, respectively, while both are trading in record-high territory. As such, Wall Street is extremely bullish on V and MA ahead of ea...Read More
(Adds stocks and sectors, updates prices)Jan 29 (Reuters) - Canada's main stock index fell on Monday, hitting its lowest level in a month as energy and other resource shares declined alongside the price of oil.* At 10:24 a.m. ET (15:24 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 78.5 points, or 0.48 percent, at 16,160.72.* The index hit a session low of 16,150.88, its...Read More
(via TheNewswire)Vancouver, British Columbia /TheNewswire /January 29, 2018-Adamera Minerals Corp. (TSX-V: ADZ)announces that the US Forest Service (USFS) has approved a Plan of Operation allowing Adamera to drill test a number of high priority targets on the Cooke Mountain Project in Washington State. Targets under the Plan of Operation include SE-01, Key West Central and Key West North. Drilling...Read More
The U.S. stock market is pacing for a down day, but not all of the action among individual equities is negative. In fact, FAANG stocks Alphabet Inc (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) hit record highs out of the gate, after analysts waxed optimistic ahead of the key quarterly earnings reports. Here's a closer look at the brokerage notes shares of GOOGL and AMZN are reacting to.Alphab...Read More
By Arno Schuetze and Dasha AfanasievaFRANKFURT/LONDON, Jan 29 (Reuters) - U.S. buyout firm Bain is moving ahead with preparations for the initial float of French vehicle spare parts distributor Autodis , which could take place in March or April, sources familiar with the matter said. BNP Paribas and Goldman Sachs are organising the deal as so called global coordinators, with Citi , HSBC and Natixi...Read More
Mr. Matther Hornor reportsMAPLE GOLD SIGNS CONTRACT FOR TOP-OF-BEDROCK DRILLING AND SECURES ADDITIONAL DIAMOND-CORE RIGS FOR WINTER CAMPAIGNMaple Gold Mines Ltd. has signed a contract with Overburden Drilling Management, which will oversee the reverse circulation top-of-bedrock drilling, with SES Inc. providing the initial RC drill rig. Maple Gold has also finalized an agreement with Forage Hebert...Read More
NEW YORK (Project Syndicate) - The financial-services industry has been undergoing a revolution. But the driving force is not overhyped blockchain applications such as bitcoin. It is a revolution built on artificial intelligence, big data, and the internet of things. Already, thousands of real businesses are using these technologies to disrupt every aspect of financial intermediation. Dozens of on...Read More
Chinese e-commerce concern Alibaba Group Holding Ltd. (NYSE:BABA) is seeing an increase of analyst attention this week, just ahead of the company's fiscal third-quarter earnings, scheduled for before Thursday's market open. Also, it was just announced that Alibaba Cloud will be used to monitor and analyze traffic patterns in Malaysia's capital, Kuala Lumpur. Plus, investors are digesting headlines...Read More
Lockheed Martin Corporation (NYSE:LMT) stock is buzzing this morning, after the defense company reported an impressive fourth-quarter revenue beat. The upbeat figures were fueled by higher sales from Lockheed's F-35 fighter jet program. Further, the firm forecast rising profits in 2018. In response, LMT stock is up 2.1% to trade at $352.03, and just off a new record high of $352.57.Lockheed Martin...Read More