BERLIN, Oct 25 (Reuters) - The German government's tax revenues this year should be 2.5 billion euros ($2.86 billion) higher than previously thought, estimates released by Finance Minister Olaf Scholz on Thursday showed.The estimates showed the federal government expects tax revenues of 321.3 billion this year, which will rise gradually in each of the next four years to reach almost 368 billion eu...Read More
Oct 25 (Reuters) - Diversified Canadian miner Teck Resources Ltd. reported a near 23 percent drop in third-quarter adjusted earnings on Thursday, as prices for the company's main products fell in the quarter.Teck, the world's second-biggest exporter of steel-making coal, said adjusted profit fell to C$466 million ($357.6 million), or C0.81 per share, during July-September, from C$605 million, or C...Read More
MADISON, Wisconsin/ST. CLAUDE, Manitoba (Reuters) - Minnesota farmer Paul Fritsche can no longer afford health insurance as he struggles to sustain a dairy farm that has been in his family for nearly a century.With U.S. milk prices in the fourth year of a slump due to chronic oversupply, Fritsche, 58, is unsure whether he will be able to pass his 30-cow farm onto his sons and grandsons.“Do y...Read More
(Kitco News) - European Central Bank President Mario Draghi cautioned markets following the central bank’s rate announcement, promising that even if the asset purchase programme (APP) ends at the end of the year, the monetary policy will still remain “very accommodative.”The ECB left interest rates unchanged on Thursday, noting that it was still planning to end its monthly asset...Read More
BEIJING (Reuters) - China’s foreign ministry has some suggestions for the Trump administration if they are worried about foreign eavesdropping on the U.S. president’s iPhone: use a Huawei handset instead.Or just sever ties with the outside world completely.The riposte came after a New York Times report that Chinese and Russian spies often secretly listened in on President Donald Trump...Read More
(Kitco News) - European Central Bank President Mario Draghi cautioned markets following the central bank’s rate announcement, promising that even if the asset purchase programme (APP) ends at the end of the year, the monetary policy will still remain “very accommodative.”The ECB left interest rates unchanged on Thursday, noting that it was still planning to end its monthly asset...Read More
WASHINGTON/NEW YORK (Reuters) - Authorities discovered another wave of suspicious packages on Thursday targeting high-profile Democrats and critics of U.S. President Donald Trump as a manhunt intensified for a serial bomber less than two weeks ahead of elections.None of the nine devices went off and no injuries were reported, but some top Democrats called the threats a symptom of a coarsening bran...Read More
OceanaGold Corp.(TSX, ASX: OGC) reported a net profit for the third quarter of $21.7 million,or 4 cents a share, which was the same as in the third quarter of 2017. Thecompany lists production of 138,034 ounces of gold, up from around 136,000 inthe year-ago period. All-in sustaining costs were $761 an ounce. The averagegold price fell to $1,202 from $1,276. OceanaGold also produced 4,310 tonnes of...Read More
OceanaGold Corp. (TSX, ASX: OGC) reported a net profit for the third quarter of $21.7 million, or 4 cents a share, which was the same as in the third quarter of 2017. The company lists production of 138,034 ounces of gold, up from around 136,000 in the year-ago period. All-in sustaining costs were $761 an ounce. The average gold price fell to $1,202 from $1,276. OceanaGold also produced 4,310 tonn...Read More
The tech company reported fiscal 4Q profit and revenue beatsThe shares of F5 Networks, Inc. (NASDAQ:FFIV) are set for a higher open, after the software application specialist reported fiscal fourth-quarter earnings of $2.90 per share on $562.7 million in revenue -- more than analysts were expecting. A round of bullish brokerage notes is only adding to the buzz, with FFIV stock up 1.4% in electroni...Read More
The discounts mean that the oil industry in Alberta is losing around $100 million per day...Read full newsRead More
It's one of the biggest earnings days of the yearDow Jones Industrial Average (DJI) futures are trading comfortably above fair value ahead of one of the biggest earnings days of the year. Blue chip Microsoft (MSFT) is pointed higherafter an upbeat earnings release, setting the tone ahead of quarterly results from fellow tech names Intel (INTC), Amazon.com (AMZN), and Alphabet (GOOGL) later in the...Read More
BEIJING, Oct 25 (Reuters) - Aluminum Corp of China Ltd ,, known as Chalco, said on Thursday that net profit rose by 6.8 percent year-on-year in the third quarter despite lower revenues after it reduced operating costs.The listed arm of Chinalco, China's biggest state-run aluminium producer, posted net income of 640.9 million yuan ($92.31 million) for July-September, versus 600.3 million yuan in th...Read More
BEIJING (Reuters) - China and Japan should safeguard free trade and anchor global growth, Chinese Premier Li Keqiang said on Thursday, as Japan’s prime minister arrived in Beijing on a visit against a backdrop of trade friction with the United States.Shinzo Abe’s three-day visit is expected to carve out new scope for cooperation between Asia’s two biggest economies. It is also ex...Read More
"This week, $VAST Resources shareholders voted to expand the company's equity raising rights. We spoke to Andrew Prelea about what he wants to do with the cash ($) | https://t.co/V88O2l7twv #AIM #gold #copper #zinc"Read full newsRead More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
(Kitco News) - Newmont Mining Corp. (NYSE: NEM) Thursday reported a modest decline froma year ago in third-quarter adjusted net income due to lower metals prices andoutput.The company listedadjusted income of $175 million, or 33 cents per share, compared to $184million, or 34 cents, in the same period a year ago. This beat forecasts centeredaround 19 cents a share, according to news reports.On a n...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
(Kitco News) - Newmont Mining Corp. (NYSE: NEM) Thursday reported a modest decline from a year ago in third-quarter adjusted net income due to lower metals prices and output.The company listed adjusted income of $175 million, or 33 cents per share, compared to $184 million, or 34 cents, in the same period a year ago. This beat forecasts centered around 19 cents a share, according to news reports.O...Read More