(Corrects format error)SEOUL, Jan 22 (Reuters) - South Korea is "positively considering" issuing a 50-year treasury bond and will review the matter after studying market demand, the finance minister on Monday."I've heard that there is market demand for 50-year treasury bonds and am quite positively considering the issuance," Finance MinisterKim Dong-yeon said in response to a...Read More
* Company cannot pay $30 mln put option price* Slide in to administration follows short-seller attack* Shares not traded since May (Adds Glaucus comments and short-selling details)By Tom WestbrookSYDNEY, Jan 22 (Reuters) - Australia's largest sandalwood forest company, Quintis Ltd , has called in administrators after it was unable to pay one of its bondholders A$37 million ($30 million), the compa...Read More
(Corrects market cap to A$115 mln from A$390 mln in final paragraph)MELBOURNE, Jan 22 (Reuters) - Australia's largest sandalwood forest company, Quintis Ltd , has called in administrators after one of its bondholders forced the firm to pay out A$37 million ($30 million), a spokesman for the administrators, KordaMentha, said on Monday.Quintis has been trying to raise new financing over the past ni...Read More
Susan Cornwell, Ginger GibsonWASHINGTON (Reuters) - Republican and Democratic leaders of the U.S. Senate held talks on Sunday seeking to break an impasse that has kept the U.S. government shut down for two days, but it was unclear if a deal could be struck to reopen federal agencies by the start of the work week.The high-level meeting followed discussions among a bipartisan group of moderate senat...Read More
(Reuters) - U.S. lawmakers struggled on Sunday to reach a breakthrough during the second day of a government shutdown.If Republicans and Democrats are unable to resolve their differences, federal agencies could remain partially closed when the work week begins on Monday.During shutdowns, non-essential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essentia...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.3 pct, HSI +0.4 pct* HK->Shanghai Connect daily quota used 2.9 pct, Shanghai->HK daily quota used 41.9 pct* HK->Shenzhen Connect daily quota used 6.5 pct, Shenzhen->HK daily quota used 17.6 pct* CNY official close 6.403 per dollar* FTSE China A50 +0.2 pct, BNY Mellon ADR China Select Index +0.1 pct SHANGHAI, Jan 22 (Reuters)...Read More
* Dollar sags but manages to hold above 3-year lows* US govt shutdown seen to have been priced in* Treasury yields at 3-1/2-yr highs, helps limit USD losses By Shinichi SaoshiroTOKYO, Jan 22 (Reuters) - The dollar sagged against its peers on Monday as a U.S. government shutdown dented sentiment, although losses were limited for now as investors took a wait-and-see stance on developments in Washin...Read More
(Adds quote)NEW YORK, Jan 21 (Reuters) - Bond investors mostly shrugged off the second day of a government shutdown in the United States on Sunday, with prices of U.S. Treasury debt futures easing as the market bet that the political impasse would be brief.Democrats and Republicans, locked in a bitter dispute over immigration, failed to agree on a last-minute deal to fund government operations, c...Read More
Jan 22 (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, JANUARY 22** BRUSSELS - ECB President Mario Draghi and executive board member Benoit Coe...Read More
(Kitco News) - Gold edged up in its initial reaction to the U.S. government shutdown as Asian markets opened on Monday.Spot gold on Kitco.com was last at $1,334.10, up 0.26% on the day. Markets were digesting the latest headlines as U.S. Republican and Democratic Senators were holding talks on Sunday to break the political stalemate.The Senate is scheduled to vote on the proposed bill to exte...Read More
ABUJA, Jan 22 (Reuters) - Nigeria's central bank said on Monday a key interest rate setting meeting intended for January 22-23 will not be held due to an inability to form a quorum, adding that the benchmark rate will be maintained at 14 percent.The decision comes because there are not enough members of the Central Bank of Nigeria's (CBN's) Monetary Policy Committee (MPC) to form a quorum, the len...Read More
* Jan manufacturers' sentiment index +35 vs +27 in Dec* Service-sector index +33 in Jan vs +34 in Dec* Manufacturers' mood seen steady ahead, service sector down* Reuters Tankan backs BOJ Kuroda's optimistic economic view By Tetsushi Kajimoto and Izumi NakagawaTOKYO, Jan 22 (Reuters) - Confidence among Japanese manufacturers jumped in January to an 11-year high, the Reuters Tankan poll showed on...Read More
A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.Radio Free Europe reported on Thursday that around 30 illegal gold miners managed to escape after the cave-in in Sarmarkand - located in the country's southeast. About 20 could not make it back up to surface. The mine used to be run by state-owned Navoiy Mining and Metallurgy Combine bu...Read More
By Svea Herbst-BaylissBOSTON, Jan 21 (Reuters) - Hedge funds managers who bet on stocks scored some of the industry's biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers. The annual list, released on Sunday, shows Steve Mandel's Lone Pine Capital, John Armitage's Egerton Capital, Andreas Halvorsen's Vik...Read More
MELBOURNE, Jan 22 (Reuters) - Australia's largest sandalwood forest company, Quintis Ltd , has called in administrators after one of its bondholders forced the firm to pay out A$37 million ($30 million), a spokesman for the administrators, KordaMentha, said on Monday.Quintis has been trying to raise new financing over the past nine months, but none of the recapitalisation strategies, including a b...Read More
Jan 22 (Reuters) - Australian shares are set to open higher on Monday, snapping four straight sessions of losses, following record highs on Wall Street.Wall Street rose on Friday, led by gains in consumer stocks, with the S&P 500 and the Nasdaq hitting record closing highs. Material stocks are expected to buoy the market, with metal prices hitting multi-year highs. The local share price index...Read More
Jan 22 (Reuters) - Stock Markets Net ChngStock MarketsNet ChngS&P/ASX 200** 6,005.80-8.80 NZX 50**8,289.96 17.29DJIA**26,071.72 53.91 NIKKEI**23,808.0644.69Nasdaq**7,336.3840.33 FTSE**7,730.79 29.83S&P 500** 2,810.3012.27 Hang Seng** 32,254.89132.95SPI 200 Fut 5,980.0 30.0STI** 3,550.36 29.05SSEC**3,489.1114.35 KOSPI** 2,520.26 4.45----------------------------------------------------------...Read More
(Updates to include U.S. federal government shutdown Friday night)By Noel RandewichSAN FRANCISCO, Jan 21 (Reuters) - Netflix Inc's quarterly results on Monday may offer a preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering.Wall Street on Friday shrugged off the then looming U.S. government shutdow...Read More
Perseus Mining (ASX,TSX:PRU) will soon start pouring gold from its Sissingu?(C) gold mine in C??te d'Ivoire, having delivered the first crushed ore to the mill and processing plant earlier this month.Dual-listed Perseus already has a producing mine, the Edikan gold mine in Ghana, which comprises a group of large gold deposits located in the Ashanti gold belt. The Sissingu?(C) mine would be the...Read More
Perseus Mining (ASX,TSX:PRU) will soon start pouring gold from its Sissingu?(C) gold mine in C??te d'Ivoire, having delivered the first crushed ore to the mill and processing plant earlier this month.Dual-listed Perseus already has a producing mine, the Edikan gold mine in Ghana, which comprises a group of large gold deposits located in the Ashanti gold belt. The Sissingu?(C) mine would be the co...Read More