(Reuters) - Wall Street was lower on Monday as a slide in Apple shares due to demand worries hit the technology sector, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.Shares of Apple Inc fell 2.5 percent after the Wall Street Journal reported the company has cut production orders in recent weeks for all three iPhone models launched in Septemb...Read More
Photo courtesy of kevin brine/Shutterstock.com(Kitco News)- Although the gold market has beenunable to maintain October’s momentum, one Canadian bank is not ready to giveup on the precious metals just yet.Analysts at Scotiabank said thatthey see further potential for the yellow metal as the bank sees a wave of risk-offsentiment sweep through financial markets and inflation pressures rise,acc...Read More
Photo courtesy of kevin brine/Shutterstock.com (Kitco News) - Although the gold market has been unable to maintain October’s momentum, one Canadian bank is not ready to give up on the precious metals just yet.Analysts at Scotiabank said that they see further potential for the yellow metal as the bank sees a wave of risk-off sentiment sweep through financial markets and inflation pressur...Read More
Sibanye Gold Ltd., which received a strike notice from South Africa's Association of Mineworkers and Construction Union, said it won't increase its current wage offer that was signed off on by other labor groups last week."AMCU has decided to go on strike," the union said Sunday on its Twitter feed. Sibanye will be given 48 hours to come back with a better offer, it said. The company said Monday i...Read More
Sibanye Gold Ltd., which received a strike notice from South Africa's Association of Mineworkers and Construction Union, said it won't increase its current wage offer that was signed off on by other labor groups last week."AMCU has decided to go on strike," the union said Sunday on its Twitter feed. Sibanye will be given 48 hours to come back with a better offer, it said. The company said Monday i...Read More
The retailer will report earnings after the close Nov. 20Athletic apparel retailer Foot Locker, Inc. (NYSE:FL) is expected to report third-quarter earnings after the close tomorrow, Nov. 20. Although FL shares gapped lower after earnings in late August, the stock has seasonality on its side this time around. Specifically, Foot Locker has been among the best retail stocks to own in the November-Dec...Read More
(Kitco News) - Large speculators increased theirbearish positioning in gold futures by 67% during the most recent reportingweek for data compiled by the Commodity Futures Trading Commission, whichanalysts say accounts for much of the slide in prices during the early part ofNovember.During the week-long period toNov. 13 covered by the report, Comex December gold fell 2% to $1,201.40 anounce, whi...Read More
WASHINGTON (Reuters) - The U.S. Treasury Department has placed sanctions on Libyan Islamist commander Salah Badi, who Libya's U.N.-backed Government of National Accord has blamed for a May 2017 attack in Tripoli, according to a notice posted to the department's website on Monday.Reporting by Mohammad Zargham; Editing by Susan Heavey Disclaimer: The views expressed in this article are those of the...Read More
(Kitco News) - Large speculators increased their bearish positioning in gold futures by 67% during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, which analysts say accounts for much of the slide in prices during the early part of November. During the week-long period to Nov. 13 covered by the report, Comex December gold fell 2% to $1,201.40 an oun...Read More
(Reuters) - U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday.The NAHB and Wells Fargo housing market index fell to 60 points in November, which was the lowest level since the 59 recorded in August 2016. That comp...Read More
With the second round of bids to secure a piece of Teck Resources Ltd.'s $4.7 billion copper expansion expected in the coming weeks, victory may come down to more than price.Teck, which owns 90 percent of Quebrada Blanca in northern Chile, would like to sell a 30 to 40 percent stake to an outside investor. With the copper market widely forecast to go into deficit as soon as this year and the numbe...Read More
With the second round of bids to secure a piece of Teck Resources Ltd.'s $4.7 billion copper expansion expected in the coming weeks, victory may come down to more than price.Teck, which owns 90 percent of Quebrada Blanca in northern Chile, would like to sell a 30 to 40 percent stake to an outside investor. With the copper market widely forecast to go into deficit as soon as this year and the numbe...Read More
Mr. David Suda reportsTERRAX INCREASES FINANCING TO $2.3 MILLIONTerrax Minerals Inc., due to significant demand, has increased and closed its previously announced non-brokered private placement for $1.5-million to $2.3-million.The placement now consists of 5.88 million units of the company at a price of 40 cents per unit.Each unit shall consist of one common share and one transferable common share...Read More
Mr. David Suda reportsTERRAX INCREASES FINANCING TO $2.3 MILLIONTerrax Minerals Inc., due to significant demand, has increased and closed its previously announced non-brokered private placement for $1.5-million to $2.3-million.The placement now consists of 5.88 million units of the company at a price of 40 cents per unit.Each unit shall consist of one common share and one transferable common share...Read More
The shares are down 29% from their early October peakEnergy stocks have taken a big hit during the recent rout in oil prices. One name that has taken a particularly bruising hit is Rowan Companies PLC (NYSE:RDC), with the shares of the Texas-based offshore drilling firm down 29% from its Oct. 9 nearly two-year high of $20.87 to trade at $14.83. However, RDC is now trading near a trendline that's m...Read More
Mr. Nelson Baker reports MINERAL MOUNTAIN RESOURCES LTD. - WINTER PHASE 2 DRILL PROGRAM FINALIZEDMineral Mountain Resources Ltd. and its wholly owned subsidiary, Mineral Mountain Resources (SD) Inc., have engaged the professional services of Devico AS, a recognized expert in directional core drilling (DCD), to partner with the company's drill contractor, First Drilling, to target over 1,130 metres...Read More
Mr. Nelson Baker reports MINERAL MOUNTAIN RESOURCES LTD. - WINTER PHASE 2 DRILL PROGRAM FINALIZEDMineral Mountain Resources Ltd. and its wholly owned subsidiary, Mineral Mountain Resources (SD) Inc., have engaged the professional services of Devico AS, a recognized expert in directional core drilling (DCD), to partner with the company's drill contractor, First Drilling, to target over 1,130 metres...Read More
Civil rights groups will urge a U.S. judge on Monday to temporarily halt an order by President Donald Trump that bars asylum for migrants who illegally cross the border with Mexico.The groups argued in court papers that Trump’s Nov. 9 order violated administrative and immigration law.The hearing before U.S. District Judge Jon Tigar in San Francisco comes as thousands of Central Americans, in...Read More
LONDON (Reuters) - The dollar drifted lower on Monday after posting its biggest weekly drop in two months as investors pared some long positions after dovish comments by U.S. policymakers last week.Against a basket of its rivals .DXY, the greenback slipped 0.1 percent at 96.38 after falling nearly half a percent last week, its biggest weekly drop since late September.“We are seeing some sign...Read More
MOSCOW - CEFC paid almost 225 million euros ($257 million) in compensation to a consortium of Qatar Investment Authority and Glencore after the Chinese firm's deal to buy a stake in Russian oil firm Rosneft fell through, a document showed.The chief executive of Rosneft, Igor Sechin, said in September 2017 that CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore.The deal w...Read More