(Adds details on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Jan 25 (Reuters) - U.S. technology stock funds took in more cash in the week ended Jan. 24 than in any week since the turn-of-the-century bubble, Lipper said on Thursday, offering further evidence that investors' wariness about markets has given way to exuberance.Tech mutual funds and exchange-traded funds (ETFs) bas...Read More
SEOUL, Jan 26 (Reuters) - South Korean department store operator Shinsegae and its supermarket affiliate said they have signed a preliminary deal for more than 1 trillion won ($940 million) in investment from private equity firms for a planned online business company.Affinity Equity Partners and BRV Capital Management will make the investment, Shinsegae said. Shinsegae and its supermarket affiliat...Read More
Jan 26 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 26-JanItaly Zero-coupon/BTPi auction29-JanItaly Bills auction30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany...Read More
"The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump tells CNBC. A day earlier, Treasury Secretary Steven Mnuchin said he welcomed a weaker U.S. dollar. Mnuchin's comments kicked off a 2 percent decline in the dollar index. Fred Imbert| @foimbert Published 6 Hours AgoUpdated6 Hours AgoCNBC.com show chapters President Trump: Ultimately I want to...Read More
Jan 26 (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.** Indicates new events ----------------------------------------------------------- MONDAY, JANUARY 29 MARRAKECH, Morocco - Top Arab cen...Read More
Jan 26 (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 ----------------------------------------------------------- FRIDAY, JANUARY 26 DAVOS, Switzerland - Riksbank Deputy Governor Cecilia Skingsley attends the...Read More
(Kitco News) - Expectations around which way the precious metals will be heading in 2018 have changed for the better, according to an informal survey conducted by nonprofit Professional Numismatists Guild (PNG).Gold is projected to go up to at least $1,460 an ounce by the end of the year, while silver is estimated to hit $40 and platinum to reach $1,150, said members of the Guild’s Accredite...Read More
TOKYO, Jan 26 (Reuters) - Some Bank of Japan board members said the central bank should consider raising interest rates or slow purchases of risky assets if the economic recovery continued, minutes of their December policy meeting showed on Friday.Most of the nine-member board agreed it was appropriate to maintain the BOJ's current "powerful" monetary easing with inflation distant from i...Read More
TOKYO, Jan 26 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said there was a shared agreement among Group of Seven advanced economies that currency rates should move stably reflecting economic fundamentals, Kyodo news agency reported.Kuroda's remarks were made to reporters in Davos on Thursday, when asked about U.S. Treasury Secretary Steven Mnuchin's comments that a weak dollar was good for...Read More
Traders and investors were taken on a roller coaster ride in terms of price swings in both the dollar and gold markets during today’s trading session. Gold had been trading higher for the better part of the morning session, posting gains as it still had momentum from the previous day's rally.In fact, gold futures traded to a new yearly record high, taking prices to $1365.40 an ounce in early...Read More
(Attaches to additional alert)TOKYO, Jan 26 (Reuters) - Japan's core consumer prices rose 0.9 percent in December from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.9 percent annual gain.Stripping away the effect of fresh food and energy, consumer prices r...Read More
(Updates prices, adds Trump comments)By Rodrigo CamposNEW YORK, Jan 25 (Reuters) - Mexico's peso seesawed against the dollar on Thursday as U.S. officials sent mixed signals on the greenback, while Argentina's Merval stock index broke the 35,000-point mark for the first time.Several emerging currencies hit multi-year highs against the greenback, with the dollar index languishing at more than three...Read More
By Aditya SoniJan 26 (Reuters) - New Zealand shares saw broad-based losses on Friday, with healthcare stocks leading the fall, in a thin trading environment with Australian stock markets closed for a holiday.Six out of seven major sectors traded in the red, with the benchmark S&P/NZX 50 index falling 0.3 percent or 26.5 points to 8343.28 by 2251 GMT, having risen 0.6 percent on Thursday. The b...Read More
Prior to the European Central Bank’s press conference earlier today, many people were expecting ECB President Mario Draghi to talk down the euro. He didn’t. In fact, his comments were quite optimistic and this helped to underpin the euro, lifting the main EUR/USD exchange rate to above 1.25. As the euro rose, the German DAX and other European stocks indices started to head lower. This...Read More
By Alex DobuzinskisJan 25 (Reuters) - New York's Guggenheim Museum offered to lend an 18-karat gold toilet to President Donald Trump after the White House asked to borrow a painting by Vincent Van Gogh, the Washington Post reported on Thursday.The museum's chief curator offered to loan the toilet, which had been used by tens of thousands of visitors, in a Sept. 15 email to a Trump administration o...Read More
(Adds details throughout on market activity; updates prices)* TSX falls 80.2 points, or 0.49 percent, at 16,204.01* Five of the index's 10 main groups decline* Energy falls 1 percent, materials down 1.4 percent* Enbridge falls 2.4 percent, TransCanada declines 2.6 percent TORONTO, Jan 25 (Reuters) - Canada's main stock index suffered its biggest drop since mid-December on Thursday as pipeline ope...Read More
Mr. Marc Prefontains reportsORLA ACQUIRES MONITOR GOLD EXPLORATION PROJECT IN CENTRAL NEVADA Orla Mining Ltd. has entered into an agreement to acquire up to a 100-per-cent interest in the Monitor Gold exploration project, consisting of 340 claims covering approximately 2,800 hectares in central Nevada.The project covers zones with silicification and samples with anomalous gold in both Paleozoic ca...Read More
NEW YORK, Jan 25 (Reuters) - U.S. fund investors piled into technology stocks during the latest week, pouring the most money into the market than in any week since March 2000, Lipper said on Thursday.The funds pulled in $1.7 billion during the week ended Jan. 24, according to the research service. (Reporting by Trevor Hunnicutt; Editing by James Dalgleish) Disclaimer: The views expressed in this...Read More
(Adds estimates, share movement)Jan 25 (Reuters) - Western Digital Corp reported a slightly better-than-expected 9.2 percent jump in quarterly revenue on Thursday, as it benefited from healthy pricing for NAND memory chips and strong demand for memory chips used in PCs and smartphones.The company's revenue rose to $5.34 billion in its second quarter ended Dec. 29 from $4.89 billion a year earlier...Read More
Mr. Brian Morris reports KLONDEX CONTINUES TO EXTEND HIGH GRADE MINERALIZATION AT FIRE CREEK'S ZEUS TARGET, INCLUDING 1.65 OPT AU OVER 35.0 FT; COMPANY SCHEDULES ANNOUNCEMENT OF 2017 OPERATING RESULTS AND 2018 GUIDANCEKlondex Mines Ltd. has provided the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek mine located in northern Nevada, United States.Su...Read More