Together with Ecuador's Ministry of Mines, Canadian Lundin Gold (TSE:LUG) officially inaugurated two tunnels at its Fruta del Norte gold-silver project, located in the southeastern province of Zamora Chinchipe. The tunnels were named Kuri, which means gold in the Indigenous language Shuar, and K'isa, which means fruit in Quechua.Following the completion of soft tunneling in December 2017, mine dev...Read More
By Bruno Federowski and Anthony EspositoSAO PAULO/MEXICO CITY, Jan 10 (Reuters) - Mexico's currency weakened against the dollar on Wednesday and stocks extended losses after Reuters reported that Canada increasingly believes that U.S. President Donald Trump will soon announce his intention to withdraw from NAFTA.Two government sources told Reuters they expected Trump to pull the plug at about the...Read More
Canada's Pancontinental Gold Corporation (TSXV: PUC), a company whose focus is on the Jefferson gold project in South Carolina, wants to expand its presence in the market for key battery metals.The Toronto-based firm announced today that it has entered into an option agreement with 2522962 Ontario Incorporated to acquire a 100% interest in the Montcalm West Nickel-Copper-Cobalt Project, located 65...Read More
(Corrects to 'increasingly' from 'increasing' in first paragraph)* TSX ends down 71.29 points, or 0.44 percent, at 16,247.95* Nine of index's 10 main sectors fall TORONTO, Jan 10 (Reuters) - Canada's main stock index fell on Wednesday, with the broad retreat accelerating in afternoon trade after Reuters reported that Canada is increasingly convinced the United States will withdraw from the North...Read More
(Adds analyst comment, update shares)By Joseph White and Aishwarya VenugopalJan 10 (Reuters) - Nvidia Corp is updating the software for its graphics processors in response to the Spectre security threat, but its chief executive said on Wednesday its chips were not subject to the same risks as those from Intel and other companies."Our GPUs are immune," Nvidia CEO Jensen Huang said during...Read More
Stocks ended their winning streaks, finishing the day in the red, though the major market indexes settled well off their session lows. The Dow was down triple digits in early trading, amid reports that China will scale backbuying U.S. bonds. A rally in bank stocks helped the blue-chip index creep north of breakeven for a short time, but growing concerns that President Trump will pull out of the No...Read More
Jan 11 (Reuters) - Australian shares are expected to open lower on Thursday, reflecting weak sentiment on Wall Street on worries that China would slow U.S. government bond purchases.Wall Street's major stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China, the world's biggest holder of U.S. Treasuries, would slow U.S. government bond purchases. Stren...Read More
(Adds details on open letter, central bank chief Goldfajn comments)By Bruno FederowskiSAO PAULO, Jan 10 (Reuters) - Brazil's 2017 inflation rate topped analysts' expectations but missed the official target range for the first time, setting the stage for interest rates to remain at all-time lows.The benchmark IPCA index rose 2.95 percent last year, the lowest annual rate since 1998 and below the g...Read More
CASABLANCA, Morocco, Jan 10 (Reuters) - Morocco's economic growth will slow to 2.8 percent this year, down from 4 percent in 2017, officials forecast on Wednesday, blaming a decline in agricultural production.A lack of rainfall will cause farming output to fall by 1.3 percent this year after a 13.6 percent gain last year due to better weather conditions, officials told reporters.Annual inflation w...Read More
TORONTO, Jan 10 (Reuters) - Canadian railway, pipeline and other trade-sensitive stocks weighed on the country's main index on Wednesday as two government sources said Canada is increasingly convinced the United States plans to pull out of the North American Free Trade Agreement. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 71.29 points, or 0.44 percent, at 16,...Read More
* Dollar index down 0.23 pct* Dollar down more than 1 pct vs yen (Updates prices, market activity, adds comments)By Saqib Iqbal AhmedNEW YORK, Jan 10 (Reuters) - The U.S. dollar fell to a more than six-week low against the Japanese yen and weakened against a basket of major currencies on Wednesday after a report that China was ready to slow or halt its U.S. Treasury purchases.Officials reviewing C...Read More
WELLINGTON, Jan 11 (Reuters) - Job advertisements in New Zealand slipped 0.3 percent for the second month in a row in December, a survey by ANZ Bank showed on Thursday.The result suggested that the country's robust demand for labour, driven by a strong economy and skill shortages, had peaked."The number of job ads being placed is very high, and both data and anecdote suggest the labour market...Read More
NEW YORK, Jan 10 (Reuters) - Wall Street's major stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key U.S. trade agreement.The Dow Jones Industrial Average fell 16.67 points, or 0.07 percent, to 25,369.13, the S&P 500 lost 3.06 points, or 0.11 percent,...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------0830/1330: The Labor Dept. issues weekly Jobless Claims; issues Producer Price Index for December.0830/1330: The USDA releases weekly Export Sales.1000/1500: Freddie Mac issues weekly U.S. mortgage rates.1030/1530: EIA issues weekly U.S. underground natural gas stocks.1100/1600: The Treasury Dept. makes weekly announcement...Read More
(Recasts first paragraph, adds comment)NEW YORK, Jan 10 (Reuters) - Strong demand at a $20 billion U.S. 10-year government note sale on Wednesday stabilized a bond market that was rattled by a Bloomberg report that said China may pare or stop buying Treasuries because it sees them as unattractive amid rising U.S.-China trade tension.China is the biggest foreigner holder of U.S. government debt, to...Read More
BUENOS AIRES, Jan 10 (Reuters) - Argentina refinanced $1 billion in expiring Treasury notes after receiving orders worth $2.9 billion, the finance ministry said in a statement on Wednesday.The ministry said the sale was split between $500 million in 196-day notes expiring in July, which received $1.9 billion in orders, and $500 million in 364-day notes expiring next January, which received $976 mi...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
Deere & Company (NYSE:DE) turned in a strong annual return in 2017. However, the stock could have more fuel in the tank. Although DE stock was last seen down 0.6% at $164.54, the shares hit a record high of $168.44 earlier after receiving some bullish analyst attention, and just flashed a familiar buy signal. Deere & Co stock was upgraded to "outperform" from "sector perform" at RBC this morning,...Read More
As the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) stare down their first loss of 2018, several stocks are proving to be resilient in the risk-off session. Among them are cancer specialist Epizyme Inc (NASDAQ:EPZM), MoviePass owner Helios and Matheson Analytics Inc (NASDAQ:HMNY), and da Vinci Surgical System parent Intuitive Surgical, Inc. (NASDAQ:ISRG). Here's a quick look at what has shares...Read More
(Corrects seventh graph to show market reaction after auction)* China may slow or halt U.S. bond purchases -report* Ten-year yields highest since March* Treasury sells 10-year notes at highest yield since August By Karen Brettell and Kate DuguidNEW YORK, Jan 10 (Reuters) - U.S. Treasury yields jumped to 10-month highs on Wednesday after Bloomberg News reported that Chinese officials have recommen...Read More