* Euro falls as investors take profits* Bitcoin drops as South Korea reviews accounts (Updates prices and market activity to U.S. market open; new byline, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 8 (Reuters) - The dollar hit a more than one-week high against a basket of other major currencies on Monday, helped by a pullback in the euro as investors took profits after the...Read More
(Updates with details)LISBON, Jan 8 (Reuters) - Portugal's IGCP debt agency said on Monday that the government's net borrowing requirement in 2018 is around 10.9 billion euros and that it plans on gross issuance of 15 billion euros worth of bonds.It said bond issuance will be carried out through regular auctions as in previous years, to be held on the second, fourth or fifth Wednesday of every mo...Read More
Gold companies have free cash flow yields at par with global average of 6.2% but not greater than a minus 20% lower limit.Free cash flows of these companies reflect strong performance in production and gearing.Gold prices can influence returns on marginal ounces in the mine plan. Source: Gainesville News Investment Thesis: In our gold universe, we were able to screen for gold stocks. We filtered o...Read More
ASUNCION, Jan 8 (Reuters) - Paraguay plans to sell bonds on the international market in the first half of February, Finance Minister Lea Gimenez said on Monday.She did not give details on the planned issuance but said Paraguay's 2018 budget authorizes up to $600 million in foreign and domestic currency debt. Of that, $300 million is to be used to cover existing obligations and the rest can be used...Read More
* Listing seen end-March -sources* Deal expected to value Healthineers at about 40 bln euros* Strong 2018 pipeline of German IPOs (Adds background on market, other IPOs)By Alexander H? 1/4 bner and Arno SchuetzeMUNICH, Jan 8 (Reuters) - Siemens plans to list its 40 billion euro ($48 billion) healthcare unit Healthineers in March, two people close to the matter said, as the group hopes to execute t...Read More
LISBON, Jan 8 (Reuters) - Portugal's IGCP debt agency said on Monday that the government's net borrowing requirement in 2018 is around 10.9 billion euros and that it plans on gross issuance of 15 billion euros worth of bonds.It said bond issuance will be carried out through regular auctions like in previous years, to be held on the second, fourth or fifth Wednesday of every month. It will also lau...Read More
LISBOA, 8 Jan (Reuters) - Portugal prev?? emitir em termos brutos 15 mil milh?ues de euros (ME) de Obriga???ues do Tesouro (OT) em 2018, combinando sindicatos e leil?ues, em emiss?ues mensais, disse o IGCP-Ag??ncia de Gest??o da Tesouraria e da D?-vida P??blica.Adiantou que "o montante das necessidades de financiamento l?-quidas do Estado no ano de 2018 dever?? situar-se em cerca de 10,9 mil...Read More
WASHINGTON, Jan 8 (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 s...Read More
Dear Fellow Star-Gazers Happy New Year and Happy Spectacular Full Moon! This Full Moon is a Super Moon (where the Moon is closest to Earth). It also aligns with the Fixed star, Sirius. That’s quite a start to 2018! The ancients suggested that those born with Sirius prominent in their chart were destined for big things and often, highly fortunate. The movement of the planets sug...Read More
(Adds Lourenco comments on state spending)LUANDA, Jan 8 (Reuters) - Angola's kwanza is set for a big fall on Tuesday when the central bank abandons its dollar peg, the latest in a string of policy and personnel changes by President Joao Lorenco since he came to power in Africa's number two oil producer in September.Two banking sources said the Central Bank of Angola (BNA) would hold a foreign exc...Read More
LONDON, Jan 8 (Reuters) - Foreign investors poured $235 billion into emerging markets as they rallied strongly last year, the Institute of International Finance said on Monday, adding that the countries themselves had added more than $130 billion in hard currency reserves.Foreign portfolio flows in 2016 had amounted to $152 billion, the IIF's data showed.Data from the respected flow tracker also s...Read More
* Workers strike at firms including Porsche, MAN* More than 15,000 have taken part in stoppages so far* IG Metall union plans further strikes on Tuesday* Next round of talks with employers start on Thursday* German economy buoyant, record numbers in work (Adds employers' association head, more strike participants)DUESSELDORF/HAMBURG, Jan 8 (Reuters) - Thousands of German workers staged strikes at...Read More
Retailers have been releasing holiday sales data over the past week. While recent results from the likes of Macy's (NYSE:M) and L Brands (NYSE:LB) sent the retail stocks tumbling, Kohl's Corporation (NYSE:KSS) and Lululemon Athletica Inc. (NASDAQ:LULU) are trading higher after the department store chain and yoga apparel maker both reported upbeat numbers for the November-December period. Here's a...Read More
Payment services stock The Western Union Company (NYSE:WU) is rallying today, thanks to an upgrade to "neutral" from "negative" at Susquehanna, along with a price-target hike to $21 from $17. This positive analyst attention is based on reports that WU could be partnering with cryptocurrency concern Ripple Labs to implement blockchain technology into its portfolio. WU shares are up 4% at $21.42 i...Read More
(Kitco News)- Hedgefunds continued to pile into silver and gold in the first few days of the newtrading year, according to the latest trade data from the Commodity FuturesTrading Commission.Analystsnoted that the precious metals market looks attractive to fund managers as theU.S. dollar continued its sharp decline into 2018. Ole Hansen, head ofcommodity strategy at Saxo Bank, said that the U.S. do...Read More
Shares of chemical company Albemarle Corporation (NYSE:ALB) had a huge year in 2017, rising nearly 49%. Of course, this outperformance was nothing new for shareholders, who watched ALB stock surge 53.7% back in 2016. This year is shaping up to be no different, with the equity jumping almost 3% on the first trading day of 2018, and more analysts are starting to take notice.Just this morning, Citigr...Read More
NVIDIA Corporation (NASDAQ:NVDA) stock turned in its best week since July last week, capitalizing on Intel's (INTC) controversial chip issues. Then, at the Consumer Electronics Show (CES) this weekend, NVIDIA announced it ispartnering with Uber, Volkswagen, and Baidu, to provide graphics chips for artificial intelligence (AI) in driverless cars. The big news has NVDA stock up another 2.7% to trade...Read More
Mr. Marc Prefontaine reportsORLA INTERSECTS 102.5 METRES GRADING 0.46 G/T AU AND 1.21% CU AT THE CERRO QUEMA PROJECT, PANAMA Orla Mining Ltd. is providing new results from the 2017 drill program at its wholly owned Cerro Quema project in Panama.Highlights are from the last two holes drilled in the Caballito copper-gold zone.Hole CQDH17-148 intersected 102.5 metres grading 0.46 gram per tonne gold...Read More
Gold & Silver Spot Gold higher again to the next target of 1325/26 as we look for 1330/31 & 1334/35. I am concerned about severely overbought conditions but no sell signal so shorts are out of the question. Watch first support at 1316/15. Below here risks a slide to 1310/09 then a buying opportunity at 1306/04. Stop below 1300. Silver Spot key to direction is resistance at 1718/20 of cours...Read More
After posting their strongest first week in years, U.S. stocks are set to open slightly lower this morning. The Fed will be in focus amid a relatively light economic and earnings docket, with Boston Fed President Eric Rosengren, Atlanta Fed President Raphael Bostic, and San Francisco Fed President John Williams all slated to speak. Traders will be looking for any insight on the potential timeline...Read More