LJUBLJANA (Reuters) - Slovenia’s parliament on Tuesday rejected Primoz Dolenc as the official candidate to head its central bank after most parties gave him the thumbs-down in a debate.Dolenc, the bank’s deputy governor since 2016, was nominated for the top job last month by President Borut Pahor but only received support from 30 parliamentary members with 39 voting against him.Sloveni...Read More
WASHINGTON (Reuters) - The U.S. ambassador to the United Nations, Nikki Haley, announced on Tuesday she is resigning, and immediately denied she was preparing to challenge President Donald Trump in the 2020 presidential election.Sitting beside Trump in the Oval Office, Haley said her 18-month stint at the United Nations had been “an honor of a lifetime” and said she would stay on until...Read More
OSLO, Oct 9 (Reuters) - Norsk Hydro has won permits from Brazilian authorities to restart half the capacity of its Alunorte alumina refinery, the world's largest, the metals maker said in a statement on Tuesday. Hydro continues its dialog with all relevant authorities to bring Alunorte back to full production and normalize its operations in Brazil.The company last week said it would shut the pla...Read More
Granada Gold Mine Inc. (TSXV:GGM;OTCPK:GBBFF;FRA:B6D) (Read full newsRead More
LUXEMBOURG (Reuters) - European Union nations, voicing worries over a U.N. report on global warming, were haggling on Tuesday over how ambitious to be in cutting vehicle emissions, with Germany warning that overly-challenging targets risked harming industry and jobs.Torn between reducing pollution and preserving industry competitiveness, EU environment ministers meeting in Luxembourg are seeking a...Read More
Nikki Haley announced plans to resign as U.S. ambassador to the U.N.It's another volatile session on Wall Street today, with the Dow Jones Industrial Average (DJI) exploring a more than 200-point range on both sides of breakeven. At last check, the Dow was trading in positive territory alongside the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), putting the latter two indexes on track to snap...Read More
GLASGOW, Scotland (Reuters) - The only solution to Scotland’s Brexit problem is to split from the United Kingdom, Nicola Sturgeon told her Scottish National Party (SNP) on Tuesday.Britain’s 52-48 percent 2016 vote to leave the European Union has put the four-nation United Kingdom at loggerheads; England and Wales voted to leave but Scotland and Northern Ireland voted to stay.Sturgeon,...Read More
(Reuters) - The S&P 500 and the Nasdaq rose on Tuesday, boosted by a rebound in technology stocks, but gains, including on the blue-chip Dow Jones Industrial Average, were kept in check by concerns on slowing global growth.The International Monetary Fund lowered its global economic growth forecasts for 2018 and 2019, and its 2019 estimates for U.S. and China, saying the two countries would fee...Read More
VIENNA, Oct 9 (Reuters) - The United States has granted more than half of the exemptions to its steel import tariffs that Austrian steelmaker Voestalpine and its customers applied for, the company said on Tuesday.Washington in May announced tariffs of 25 percent on steel imports and 10 percent on aluminium from the European Union, Canada and Mexico.Of the 4,300 product exemptions that the compan...Read More
• The ongoing upsurge in the US bond yields continues to weigh. • Resurgent USD demand exerts some additional downward pressure. • Risk-off mood does little to lend any support and stall the downfall. Gold struggled to build on its early uptick to $1192 are and has now moved within striking distance of over one-week lows touched...Read More
LONDON, Oct 9 (Reuters) - South Africa dollar-denominated debt trimmed losses across the curve on Tuesday after President Cyril Ramaphosa appointed former central bank governor Tito Mboweni as finance minister.The 2044 and 2041 issues traded around 0.5 cents lower, after having lost nearly 0.8 cents earlier in the day, according to Tradeweb data. Shorter-dated bonds erased nearly all their losses...Read More
Mr.Guy Goulet reportsCLOSING OF THE MERGER WITH CERRO DE PASCO, THE SPIN-OFF, THE PRIVATE PLACEMENT AND RELATED TRANSACTIONS AND CHANGE OF NAMEGenius Properties Ltd. and Genius Metals Inc. (SpinCo) have closed a series of transactions involving: The spinoff of substantially all of the assets and liabilities of Genius to SpinCo and the distribution of the shares of SpinCo to shareholders of Genius;...Read More
Mr.Guy Goulet reportsCLOSING OF THE MERGER WITH CERRO DE PASCO, THE SPIN-OFF, THE PRIVATE PLACEMENT AND RELATED TRANSACTIONS AND CHANGE OF NAMEGenius Properties Ltd. and Genius Metals Inc. (SpinCo) have closed a series of transactions involving: The spinoff of substantially all of the assets and liabilities of Genius to SpinCo and the distribution of the shares of SpinCo to shareholders of Genius;...Read More
(Kitco News) - As gold struggles to get back above the $1,200-an-ounce level following a major sell-off, HSBC sees all future gold rallies capped below the $1,400 mark unless there is a “real change” in the financial markets.“That is a nice top end [$1,400/oz] where you would have to see some real change in the financial markets [to generate that kind of rally], and a weaker doll...Read More
While it’s open to debate whether President Donald Trump made America great, the 2016 election did produce one undeniable result: it laid the foundation for cannabis-related businesses, thereby dramatically improving profitability potential for marijuana penny stocks.During the general election, a record number of states voted for marijuana legalization to varying degrees. Of those voting st...Read More
NEW YORK (Reuters) - U.S. inflation expectations for both one and three years into the future were unchanged last month, according to a Federal Reserve Bank of New York survey that painted a picture of price stability among consumers.The September survey found median expectations over both time frames were for 3 percent inflation, identical to the August readings. Expectations have remained largel...Read More
PRGO has had a rough year on the chartsShares of Perrigo Company Plc (NYSE:PRGO) are notably lower in midday trading, down 3.6% at $70.17, after the company announced the departure of CEO Uwe Roehrhoff and named former Lorillard CEO Murray S. Kessler as his replacement. Roehrhoff, who served as CEO for roughly 10 months, is stepping down from his role as president and board member, as well. Whil...Read More
NEW YORK (Reuters) - The recent jump in U.S. bond yields suggests “conflicting factors,” including a proposed new North America trade agreement, is clouding overall uncertainty among investors over future economic growth prospects, Federal Reserve Bank of Dallas President Robert Kaplan said on Tuesday.The 10-year Treasury yield, which reached a fresh multi-year high on Tuesday, shows &...Read More
LONDON (Reuters) - U.S. cable company Comcast took control of Sky on Tuesday after it acquired the 39 percent of the company owned by Twenty-First Century Fox, the rival it defeated with a $40 billion knock-out bid for the European pay-TV group last month.Comcast said it held nearly 77 percent of Sky’s shares, making its takeover wholly unconditional.Brian L. Roberts, chairman and CEO of Com...Read More
The stock is trading near a bullish trendline Footwear stock Crocs, Inc. (NASDAQ:CROX) sports an impressive 12-month advance of nearly 100%, climbing to multi-year highs in the process. Following a slight pullback in recent weeks, the shares are hovering near familiar support in the form of the 80-day moving average. Considering sentiment is still quite bearish, CROX could rally from this bullish...Read More