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
(Adds comments by debt management chief, context)DUBAI, Jan 21 (Reuters) - Saudi Arabia has asked banks for proposals to refinance its $10 billion international syndicated loan and to help the sovereign raise funds through other means, the country's debt management office said on Sunday. In addition to the request for proposals (RFP) on the loan refinancing, the government has issued RFPs coverin...Read More
DUBAI, Jan 21 (Reuters) - Saudi Arabia has asked banks for proposals to refinance its $10 billion international syndicated loan and to help the sovereign raise funds through other means, the country's debt management office said on Sunday.In addition to the request for proposals (RFP) on the loan refinancing, the government has issued RFPs covering further U.S. dollar debt capital market issuance...Read More
WASHINGTON (Reuters) - Republicans and Democrats appeared to harden their positions on Sunday as both sides hunkered down for what could be a prolonged fight, with a U.S. government shutdown in its second day.Democrats demanded that U.S. President Donald Trump negotiate on immigration issues as part of any agreement to resume government funding and accused him of reneging on an earlier accord to p...Read More
Gold fast approaching pivotal September 2017 high.How gold price reacts to this level will determine the interim outlook.The bulls should eventually prevail, based on momentum factors.Gold is fast approaching an important benchmark, namely the $1,355 level. This was the closing high from Sept. 8, 2017 as can be seen in the February gold futures chart below. As I'll explain here, gold's reaction to...Read More
Jan 22 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,005.80 -8.80 NZX 50**8,289.96 17.29DJIA26,071.7253.91 NIKKEI**23,808.0644.69Nasdaq7,336.38 40.33 FTSE**7,730.79 29.83S&P 500 2,810.312.27 Hang Seng** 32,254.89132.95SPI 200 Fut 5,980.030.0STI** 3,550.36 29.05SSEC**3,489.11 14.35 KOSPI** 2,520.26 4.45-----------------------------------------------------------------...Read More
WASHINGTON, Jan 21 (Reuters) - U.S. House Speaker Paul Ryan said on Sunday that the House of Representatives would accept a bill funding the government through Feb. 8 and ending the current shutdown of federal agencies if the Senate can pass the measure.“We’ve agreed that we would accept that in the House,” Ryan said on CBS’s Face the Nation. “So we will see sometime...Read More
Tahoe Resources (TSX, NYSE:THO) is denying a media report issued on Thursday that its Shahuindo mine in Peru has contaminated local water supplies.The story (in Spanish) by Cajabamba Peru, stated that heavy rains caused a leaching pit to overflow and flooded a nearby village."The heavy rains that have occurred that in the early hours of today, one of the waste pits of this company overflowed and...Read More
CAIRO, Jan 21 (Reuters) - Average yields on Egypt's three- and nine-month treasury bills dipped slightly at an auction on Sunday, central bank data showed.Yields on the 91-day bills dipped to 18.362 percent from 18.394 at the last sale, while yields on the 273-day bills also eased, to 17.563 percent from 17.659 percent. (Reporting by Arwa Gaballa, Editing by William Maclean) Disclaimer: The views...Read More
* Shekel up nearly 13 pct vs dollar since start of 2017* Central bank: Will intervene to fight shekel strength* Foreign players boosting currency trade by 40 pct* Bank of Israel monitoring foreign currency conversion deals By Steven ScheerJERUSALEM, Jan 21 (Reuters) - The Bank of Israel on Sunday said currency trading driven by computer models has jumped and is helping to keep the shekel overvalu...Read More
(Adds details, background)By Kane WuHONG KONG, Jan 21 (Reuters) - Chinese sportswear retailer Pou Sheng International (Holdings) Ltd has received a proposal from Pou Chen Corp to be taken private that values it at around $11 billion ($1.4 billion), it said in a stock exchange filing on Sunday.Pou Chen Corp has offered Pou Sheng International a cancellation price of HK$2.03 per share, which repres...Read More
(Adds details from stock exchange statement)JERUSALEM, Jan 21 (Reuters) - Shareholders in the Tel Aviv Stock Exchange have agreed to sell back a total stake of 71.7 percent ahead of the bourse's planned initial public offering.The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at...Read More
(Adds details, background)By Ehab FaroukCAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The flotations will be the first batch in a programme to float stakes in dozens of state-owned companies over the next t...Read More
CAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The government is launching an IPO programme that will offer shares in dozens of state-owned companies over the next three to five years in areas including oil,...Read More