Mining Capital's Alastair Ford discusses plans by US President Donald Trump to introduce tariffs on steel and aluminium imports.''There's quite a lot of plates spinning in this equation'', Ford says.''Trump's really playing to his core audience here .. he's got a lot of voters in the industrial heartlands that have suffered from anti-competitive dumping practises from the Chinese''.''If these tari...Read More
* STOXX 600 hits 6-mth low, ends down 2.1 pct* Steelmakers down slightly after Trump tariff planMarch 2 (Reuters) - Welcome to the home for real-time coverage of European equity marketsbrought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him onMessenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: FROSTY WEA...Read More
"Trump Proposes Tax Hike for Millions of Americans. Markets Plunge."Did you catch this headline this morning?You did not, of course.We spun it from the whole cloth.But it may as well be authentic.Details to follow.First the news...The Trump administration proposed a weighty 25% tariff on steel imports yesterday.Aluminum imports must pay a 10% entry fee.The tariff could potentially apply to all nat...Read More
** Credit reporting company's shares up 4 pct at$115.91 on upbeat Q4** EFX beats profit expectations for 8th quarter straight,revenue also tops helped by 15 pct increase in internationalrevenue** Cowen and Co says Q4 results bode well for 2018, expectsco to post positive EPS growth this year** EFX disclosed an additional 2.4 mln people were affectedby the cyber attack on Thursday morning, bringing...Read More
That's not necessarily a bad thing.While we've seen a few big declines across indexes, they've almost all been immediately offset by big rallies the next day.The five-day chart for the North American pot index highlights this perfectly.There's volatility, but it's not favoring one direction over another.That flux is being mirrored in Washington, where the National Governors Association descended t...Read More
Colorado School of Mines is excited to announce that the university is now an official partner of the Kern Entrepreneurial Engineering Network (KEEN). KEEN is a growing network of 30+ undergraduate engineering programs around the United States, including institutions such as Arizona State University, Santa Clara University and Villanova University. The network's mission is to graduate engineers...Read More
** Drugmaker's shares up 16.5 pct at $2.04** To get $5 mln upfront in addition to milestone paymentsand royalties, from licensing agreement with Canada-baseddrugmaker Cipher Pharmaceuticals Inc for itsconstipation treatment, Trulance ** SGYP will manufacture and supply finished product to CPH** Stock had fallen 16 pct YTD (Reporting by Mrinalini Krothapalli) Disclaimer: The views expressed in th...Read More
Today we're going to look at an under-utilized, but hugely advantageous dollar-stretching opportunity - buying used instead of new.When you buy a new car, it loses 10% of its value the first mile you drive it off the lot. A year later, it's gone down 20%."New" has a value, so the first step to successfully buying used is to subtract the "cost of new."3 Rules for Buying UsedRule #1: Start in a rang...Read More
Tom Fedolak from Graphenea tells Proactive Investors they are looking for a strategic partner in the future, as the interest in graphene continues to grow.Fedolak says they will want to work those who are interested in working with graphene in their own products. Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommunities Plc at our event, London, 08 March 2018.Re...Read More
The swamp is leaking into the stock market this week.President Trump announced that the US would begin to implement steel and aluminum tariffs as soon as early as next week. The surprise announcement came as a shock to the markets with the major averages trickling lower on the news. By the end of the day, the Dow Jones Industrial Average had shed 420 points, or 1.7%.The fake news is now hyping up...Read More
William McVicar, President and CEO of Flex Pharma Inc (NASDAQ: FLKS) tells Proactive Investors at the BIO CEO Conference in New York, that Flex Pharma is shaping up to be an exciting year ahead.McVicar says Flex Pharma will have clinical trials reading out in the Q1 as well as in Q3 in ALS, multiple sclerosis, and Charcot-Marie-Tooth disease. Flex Pharma will report Q4 and full year 2017 results o...Read More
By Stephanie KellyNEW YORK, March 2 (Reuters) - The state of California topsthe issuance table next week with $2.1 billion worth of debt, ahighlight for a U.S. municipal market that has had twoconsecutive months of decreasing supply, according to ThomsonReuters data on Friday.U.S. municipal bond and note issuers will sell about $7.94billion of debt, the highest weekly amount since mid-January.Muni...Read More
GETec Microscopy's Stefan Hummel tells Proactive Investors at the U.S. for Graphene 2018 Conference in New York about the commercialization of their atomic microscope used to measure graphene. Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommunities Plc at our event, London, 08 March 2018.Register here >>Read More
* Eikon search string for individual stock moves: * The Day Ahead newsletter: * The Morning News Call newsletter: The Dow industrials fell more than 1 percent for a fourth straight day on Fridayon mounting fears of a global trade war following President Donald Trump'spromise to impose import tariffs on steel and aluminum. At 11:15 ET, the Dow Jones Industrial Average was down 1.34 percentat 24,278...Read More
* Trump tweets: "Trade wars are good, and easy to win"* J.C. Penny slump after disappointing quarter* Wall Street in the red after two weeks of gains* Indexes dip: Dow 1.2 pct, S&P 0.63 pct, Nasdaq 0.49 pct(Changes comment, adds details, updates prices)By Ankur BanerjeeMarch 2 (Reuters) - The Dow industrials fell more than 1percent for a fourth straight day on Friday on mounting fear...Read More
** Shares of Quality Care up 26.2 pct at $15.90 inearly trading, on pace for their best day ever** 2nd-biggest pct gainer among NYSE-listed stocks** QCP to take over main tenant, U.S. nursing home operatorHCR ManorCare, as part of a pre-arranged Chapter 11 bankruptcyfiling that is expected in the coming days ** As part of deal, Quality Care will forgive all claimsagainst ManorCare in exchange for...Read More
BRASILIA, March 2 (Reuters) - Brazilian aluminum producersare concerned that U.S. President Donald Trump is launching intoa trade war with China that will ricochet on the world marketand depress prices if Chinese exporters have to find otherbuyers.Brazil is not a big exporter of aluminum products to theUnited States, but a tariff war between the world's largestimporter and China, its biggest expor...Read More
BRASILIA, March 2 (Reuters) - A potential hike in U.S.tariffs would be "manageable" for Brazilian steel producers andwould not have a "meaningful impact" on the larger steelcompanies, Moody's Investors Service said on Friday in a note toclients.Brazil's largest flat steelmaker, Usiminas ,exports only 15 percent of its output and only a negligible partgoes to the U.S. market. Th...Read More
(Adds DMO comment, details)By Chijioke OhuochaLAGOS, March 2 (Reuters) - Nigeria has paid off about 130billion naira ($413 million) worth of treasury bills maturingthis week instead of rolling over the debt as it has done in thepast, traders said.Patience Oniha, director general of the Debt ManagementOffice (DMO), confirmed the payment on Friday and said atreasury auction calendar for March would...Read More
US President Donald Trump's decision to enact a 10% tariff on aluminium imports is expected to give suppliers stronger grounds to ask for higher premiums for second-quarter aluminium supply to main Japanese ports (MJP), market participants said. Trump confirmed on Thursday March 1 that he will impose a 10% tariff on aluminium imports into the United States as a result of the Section 232 inves...Read More