(Adds company background, comment by SoftBank executive, other details)By Heather SomervilleSAN FRANCISCO, Jan 18 (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.The deal includes a large purchase of shares...Read More
Yields on U.S. Treasuries have leaped recently. It will wreck the yellow metal. Or maybe not.Yields reach new heights. Breakthrough for gold?Last week, we wrote that concerns emerged that China could stop or slow buying the U.S. Treasuries. The U.S. bond yields reacted strongly. We noted that in theory it should sink gold, but the usual "correlation between bullion and Treasury yields broke down t...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.9 pct, CSI300 +0.5 pct, HSI +0.4 pct* HK->Shanghai Connect daily quota used 10.5 pct, Shanghai->HK daily quota used 38 pct* HK->Shenzhen Connect daily quota used 4.9 pct, Shenzhen->HK daily quota used 21.2 pct* CNY official close 6.418 per dollar* FTSE China A50 +1.0 pct, BNY Mellon ADR China Select Index +0.7 pct SHANGHAI, Jan 19 (Reuters) -...Read More
(Adds details on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Jan 18 (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph.The junk bond withdrawals - from both mutual funds and exchange-traded fun...Read More
Jan 19 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 22-JanBelgium OLO auction23-JanUnited States Sale of 2-year notes23-JanSpain Auction of 3- and 9-month Treasury bills23-JanUnited KingdomAuction 0 1/8% Index-linked Treasury Gilt 202623-JanGermany Auction of 2-year Treasury notes24-JanU...Read More
Jan 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 ----------------------------------------------------------- FRIDAY, JANUARY 19 NASHVILLE, United States - Federal Reserve Bank of Boston President Raphael...Read More
Jan 18 (Reuters) - San Francisco Federal Reserve Bank President John Williams is under consideration by the White House for the post of Vice Chair of the Fed Board in Washington, under incoming Fed Chair Jerome Powell, the Wall Street Journal reported on Thursday, citing unnamed people familiar with the matter. A San Francisco Fed spokesman declined to comment. The Wall Street Journal said it was...Read More
(Updates prices)SAO PAULO, Jan 18 (Reuters) - Chile's equities market hit a record intraday high on Thursday, boosted by conglomerate Copec and a better outlook for copper prices, while Argentina's stock index also rose amid heavy interest from international investors. On Wednesday, the Chilean government raised its forecast for the average 2018 price for copper , the nation's most important expor...Read More
Jan 18 (Reuters) - ADT Inc, a provider of security monitoring services, said on Thursday that its initial public offering was priced at $14 per share, below the expected range of $17 to $19.The 105 million share offering raised about $1.47 billion, the company said. Even at the lower valuation, the IPO is likely one of the largest in the first part of 2018.The company's stock is expected to debut...Read More
Candlestick patterns create models which are a visual representation of market sentiment as well as a forward forecasting tool. This technical approach looks at past market moves in an attempt to identify patterns that occur with regularity that can be found during various market scenarios. Continuation PatternsIn one of the pattern types identified, there are two basic classes. The first class of...Read More
Mr. Mike Beckstead reportsKLONDEX CONTINUES TO UNLOCK VALUE AT HATTER GRABENKlondex Mines Ltd. has provided the final results from the 2017 surface exploration drill program at the Hatter Graben target near its Hollister mine. Initial results for the first five holes of the drill program were published on Nov. 20, 2017. Hollister is located in northern Nevada in the United States.Hatter Graben sur...Read More
(This is a repeat of an item issued on Thursday)* Benchmark rate kept at 4.25 pct, its level since Sept* Central bank says to speed change in reserve rules By Nilufar Rizki and Maikel JefriandoJAKARTA, Jan 18 (Reuters) - Indonesia's central bank on Thursday kept its key interest rate unchanged, as expected, but pledged to accelerate planned changes of rules on reserve requirements, to give banks...Read More
By Andrea HopkinsOTTAWA, Jan 18 (Reuters) - It will take longer than expected for Canadian rate hikes to discourage consumer spending or spark deleveraging as most homeowners are sheltered from mortgage renewal risk until 2019 - and cheap loans are still available, economists said on Thursday.The Bank of Canada raised interest rates on Wednesday, taking borrowing costs to their highest level since...Read More
NEW YORK, Jan 18 (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph.The withdrawals - from mutual funds and exchange-traded funds during the week ended Wednesday - mark the largest of any week since November, accor...Read More
(Adds details, updates prices to close)* TSX ends down 42.23 points, or 0.26 percent, at 16,284.47* Half of the TSX's 10 main groups move lower* Energy stocks down 1.4 pct, materials group off 1.2 pct TORONTO, Jan 18 (Reuters) - Canada's main stock index slipped on Thursday, weighed by gold miners and energy stocks including Husky Energy Inc and Barrick Gold Corp , which were both hit by sanctio...Read More
(Adds details on results, analysts estimates, stock move)Jan 18 (Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters and beat analysts' estimates as the company's shift into its focus areas such as cloud computing and security services gains traction.IBM's shares fell 2.7 percent in extended trading on Thursday. In October, the company had flagged a po...Read More
WELLINGTON, Jan 19 (Reuters) - Manufacturing activity in New Zealand grew at its slowest pace in five years in December, a survey showed on Friday.The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) fell to 51.2 from 57.7 the previous month.A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contracti...Read More
After notching a fresh record high out of the gate today, the Dow reversed course -- and was briefly down triple digits -- amid concerns about a possible government shutdown this weekend. Another big loss for General Electric (GE) stock also weighed on the index, overshadowing a solid day for Walmart (WMT) shares. Nevertheless, the Dow managed to maintain a perch atop the 26,000 level. The S&P and...Read More
Jan 19 (Reuters) - Australian shares are likely to edge up on Friday, snapping three straight sessions of losses, with material stocks leading the gains on a jump in base metal prices.Copper climbed on Thursday on a strong performance by China's industrial sector, while Chinese iron ore futures rose as firmer steel prices helped the raw material rebound after a five-day slide, with coke prices als...Read More
* Treasury yields hit highest in 10 months on China data* Wall Street dips as Boeing stalls* Dollar remains soft (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 18 (Reuters) - A gauge of world stock markets slipped on Thursday, pausing after notching a run of record highs, as a decline in Boeing and interest-rate sensitive sectors such as utilities and real...Read More