FRANKFURT (Reuters) - U.S. buyout group Advent has agreed to buy General Electric’s (GE) (GE.N) distributed power operations for $3.25 billion, the companies said on Monday.GE had put the unit, which includes the reciprocating gas engine brands GE Jenbacher and Waukesha up for sale, to bolster its finances.The deal values the company at about 9.7 times its 2018 earnings before interest, tax,...Read More

(Kitco News) - Gold prices edged up, but were largely unchanged, after the U.S. new home sales rose more than expected in May. New home sales rose 6.7% last month to a seasonally adjusted annualized rate of 689,000 homes, the U.S. Commerce Department said on Monday. April’s sales were downwardly revised to a rate of 646,000 units from 662,000 units.Market consensus for May projected a 1.5% r...Read More

(Kitco News) - Gold prices edged up, but were largely unchanged, after the U.S. new home sales rose more than expected in May. New home sales rose 6.7% last month to a seasonally adjusted annualized rate of 689,000 homes, the U.S. Commerce Department said on Monday. April’s sales were downwardly revised to a rate of 646,000 units from 662,000 units.Market consensus for May projected a 1.5% r...Read More

Mr. Ivan Bebek reports AURYN ACQUIRES GOOD LUCKY PROSPECT AND DISCOVERS NEW PROSPECTS AT SOMBRERO Auryn Resources Inc. has acquired the rights to the Mollecruz concessions, which are key claims in the northern area of the Sombrero project, located in southern Peru. The Mollecruz concessions include the Good Lucky prospect, which is located five kilometres from the Sombrero project, where Auryn rec...Read More

Mr. Ivan Bebek reports AURYN ACQUIRES GOOD LUCKY PROSPECT AND DISCOVERS NEW PROSPECTS AT SOMBRERO Auryn Resources Inc. has acquired the rights to the Mollecruz concessions, which are key claims in the northern area of the Sombrero project, located in southern Peru. The Mollecruz concessions include the Good Lucky prospect, which is located five kilometres from the Sombrero project, where Auryn rec...Read More

The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-shuttered mine owned by AngloGold Ashanti. Nor has he found work in other gold mines around the town, home to the wo...Read More

Mainstream media is all aglow over the alleged end of the Greek economic crisis. Mainstream media is wrong...Read full newsRead More

(Reuters) - The world’s biggest oil and gas players are gathering for a summit in Washington D.C. this week that will be overshadowed by the specter of shifting trade patterns due to a trade dispute between the United States and China.The uncertainty comes at a historic moment for the United States, which has become the world’s biggest natural gas producer, one of the top crude oil pro...Read More

WASHINGTON (Reuters) - President Donald Trump said on Sunday that people who enter the United States illegally should be sent back immediately to where they came from without any judicial process, likening them to invaders who are trying to “break into” the country.His proposal drew immediate criticism from legal analysts and immigrant rights advocates who said it would violate the U.S...Read More

ASX-listed Artemis Resources and JV partner, TSX-V listed Novo Resources, will shortly commence an aggressive $5.4m exploration program at their shared conglomerate and paleoplacer gold projects near Karratha, in the west Pilbara of W.A.Initially the program will focus on bulk sampling, diamond drilling and costeaning activities, primarily at the emerging Purdy's Reward exploration lease.Continue...Read More

CPB shares just broke past a key trendlineCampbell Soup Company (NYSE:CPB) stock is up 8.6% to trade at $41.95, after the New York Post reported that Kraft Heinz (KHC) is interested in buying the packaged food maker. The report also cited General Mills (GIS) as a possible suitor for Campbell, which earlier this month expressed openness to exploring strategic options. The news was followed by a pr...Read More

(Reuters) - Wall Street was set to start the week lower on Monday, as a move to check Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.The U.S. Treasury Department was set to be drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant techno...Read More

Shares of Quest Diagnostics just notched their highest close in over a yearAbout a month ago, we highlighted the growing bullish bias toward healthcare stock Quest Diagnostics Inc (NYSE:DGX), and that trend is continuing this morning. DGX shareswere just upgraded to "overweight" from "equal weight" at Barclays, which also hiked its price target to $130 from $120 -- representing all-time-high terri...Read More

KIEV (Reuters) - The United States and Canada said on Monday they were horrified by an attack on a Roma camp in Western Ukraine in which one man was killed and several wounded, including a ten-year-old boy.Police have detained ten teenagers suspected of involvement in the violence, which saw a 24-year-old Roma man stabbed to death and four others wounded at a camp on the outskirts of the city of L...Read More

Trump continued to escalate his trade rhetoric over Twitter this weekendFutures on the Dow Jones Industrial Average (DJI) are pointed sharply lower on renewed trade tensions. Following last week's threat of steep duties on European auto imports, U.S. President Donald Trumpinsisted via a Sunday tweet that "all countries that have placed artificial Trade Barriers and Tariffs on goods going into thei...Read More

The White House is also reportedly considering limiting Chinese investment into U.S. tech firmsIt could be a rough day for chip stocks, following reports the Trump administration is considering banning the purchase of U.S. technology firms by companies with at least 25% Chinese ownership, as well as limiting more tech exports to China. Exacerbating these sector headwinds for Intel Corporation (NAS...Read More

Mr. Quinton Hennigh reportsNOVO REPORTS PILBARA EXPLORATION BUDGET FOR UPCOMING 12 MONTHSNovo Resources Corp. has agreed to a $5.4-million (Australian) exploration budget for the year beginning July 1, 2018, with its 50/50 joint venture partner, Australian Securities Exchange-listed Artemis Resources Ltd., on joint venture tenure in the Karratha region of Western Australia.During the first four mo...Read More

Mr. Quinton Hennigh reportsNOVO REPORTS PILBARA EXPLORATION BUDGET FOR UPCOMING 12 MONTHSNovo Resources Corp. has agreed to a $5.4-million (Australian) exploration budget for the year beginning July 1, 2018, with its 50/50 joint venture partner, Australian Securities Exchange-listed Artemis Resources Ltd., on joint venture tenure in the Karratha region of Western Australia.During the first four mo...Read More

The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-shuttered mine owned by AngloGold Ashanti. Nor has he found work in other gold mines around the town, home to the wo...Read More

LONDON (Reuters) - Ewen Stevenson, currently chief financial officer of the Royal Bank of Scotland (RBS.L), is to become finance director of Britain’s HSBC (HSBA.L), HSBC said on Monday.Stevenson will replace Iain Mackay who is retiring. HSBC CEO John Flint described Stevenson as a “strategic thinker” and “accomplished expert” in his field.“He brings a wealth of...Read More