ISTANBUL, April 5 (Reuters) - Koza Ltd, whose founder had to abandon his Turkish gold assets, is expanding its operations in Britain with a $1 million programme to drill for gold in Ayrshire, Scotland, together with a venture partner, the company said on Thursday.Founder Akin Ipek built a multi-billion-dollar fortune in Turkey based on gold mining, but left the country in 2015 after relations betw...Read More
(Bloomberg) - Vedanta Ltd.'s plan to expand a copper smelter in India as part of an $8 billion drive to boost its national production capacity for metals is being dogged by movie stars and local protesters.Stars-turned-politicians Rajinikanth and Kamal Haasan are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns. Vedanta is workin...Read More
(Bloomberg) - Vedanta Ltd.'s plan to expand a copper smelter in India as part of an $8 billion drive to boost its national production capacity for metals is being dogged by movie stars and local protesters.Stars-turned-politicians Rajinikanth and Kamal Haasan are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns. Vedanta is workin...Read More
Making the case for a LULU rally up to $105We've got nothing much to add to the facts repeatedly offered up to anyone with an interest in Lululemon Athletica Inc. (NASDAQ:LULU) over this past week -- namely, that LULU reported a solid earnings/revenue beat on Tuesday for its most recent quarter, along with an appropriately favorable earnings outlook. But those facts are an input (actually, one of...Read More
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, is seeking permission to extend the lifespan of its Jwaneng mine again by digging deeper.Jwaneng, which began operations in 1982, is currently 650 metres deep, but its owners want to deepen the pit to 830 meters (2,700 feet), which will allow continuing operations for another 11 year...Read More
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, is seeking permission to extend the lifespan of its Jwaneng mine again by digging deeper.Jwaneng, which began operations in 1982, is currently 650 metres deep, but its owners want to deepen the pit to 830 meters (2,700 feet), which will allow continuing operations for another 11 year...Read More
BEIJING/WASHINGTON (Reuters) - China has never surrendered to external pressure and it will win any trade war with the United States, the nation’s state media stressed in the hours after the world’s two top economies targeted each other with planned steep tariffs.In Washington, U.S. administration officials continued to seek to allay market fears of a trade war, and expressed a willing...Read More
UBS started MU and TXN off with "sell" ratingsChip stocks Micron Technology, Inc. (NASDAQ:MU) and Texas Instruments Incorporated (NASDAQ:TXN) are both sitting out the broad-market rally after receiving bearish brokerage notes to start the day. Specifically, UBS initiated coverage on the two semiconductor stocks with "sell" ratings, as well as price targets of $35 and $85, respectively. Majority...Read More
Lowe's stock's 200-day moving average has been supportive recentlyShares of homebuilding retailer Lowe's Companies, Inc. (NYSE:LOW) are on the rise, after UBS put the stock on its "most preferred" list. An extensive amount of catalysts have been cited as the reason behind the firm's bullish outlook, including Lowe's impending change in CEO, and a good consumer spending environment, which is being...Read More
(Reuters) - U.S. stocks opened higher on Thursday, helped by gains in Amazon and Facebook, amid easing fears of a trade war between the United States and China.The Dow Jones Industrial Average .DJI rose 109.7 points, or 0.45 percent, to 24,374. The S&P 500 .SPX gained 14.19 points, or 0.536547 percent, to 2,658.88. The Nasdaq Composite .IXIC added 54.70 points, or 0.78 percent, to 7,096....Read More
Barclays doesn't see any near-term catalysts for BIIB sharesAnalysts have long been a fan of biotech stock Biogen Inc (NASDAQ:BIIB). Of the 23 brokerage firms that have coverage on BIIB, 16 say to buy it, and there are zero "sell" ratings. The equity also boasts a 12-month price target of $375.10, which represents a 37% premium to the Wednesday close of $272.40. But with the shares coming off an a...Read More
Both Canaccord Genuity and Stifel waxed optimistic on the Wall Street newcomerShares of Spotify Technology (NYSE:SPOT) are trading higher this morning, after the streaming music service received a pair of bullish brokerage notes. Canaccord Genuity initiated coverage on the Wall Street newcomer with a "buy" rating. What's more, the brokerage firm said SPOT stock deserves "premium valuation" and set...Read More
STR/AFP/Getty ImagesThe large U.S. trade deficit has become a flashpoint between President Trump and China. Worsening trade tensions are making U.S. investors very nervous. The numbers: The U.S. trade deficit rose 1.6% in February to reach nearly a 10-year high, underscoring the seemingly near impossible task of the Trump administration to dramatically reduce the gap as the president has vowed....Read More
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Thursday that a second phase to overhauling the U.S. tax system is not likely to be immediate, adding that he expected to see more concrete details on the plan next year.It was possible for U.S. economic growth to reach 5 percent for at least a short period of time, Kudlow said in an interview with Fox Business Network. The U...Read More
MENDOZA, Argentina (Reuters) - As the trade dispute between the United States and China was gaining steam last month, a half-dozen Chinese dancers and a person in a panda bear suit paraded across a stage inside a hotel lobby in the heart of Argentina’s wine country.The March 24 ceremony celebrated the Washington-based Inter-American Development Bank’s (IDB) choice to hold its next annu...Read More
Ontario is helping seniors in Marathon and across the Northwest access the care they need by investing in the Marathon Seniors' Complex and making prescription drugs free for everyone 65 and over. Michael Gravelle, Minister of Northern Development and Mines, was at Marathon Town Hall to announce the province's support for the new Marathon Seniors' Complex, which will benefit from new common areas...Read More
PARIS (Reuters) - Emmanuel Macron’s prime minister said on Thursday the government would not back down in a shake-up of France’s state-owned SNCF railways, prompting accusations of arrogance from unions who said further strikes would go ahead as planned.Rail services were crippled over the past two days as unions launched three months of rolling stoppages, marking the toughest test yet...Read More
The blue-chip index is poised to open the session up triple digitsFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value -- signaling a third straight day of gains, following yesterday's volatile session. Lifting investor sentiment are easing fears of a possible trade war between the U.S. and China, with officials from both sides signaling support for negotiations befo...Read More
Mr. John Watson reportsNV GOLD COMPLETES HOLE ARC-6C AT ATV --ADDITIONAL DRILLING TO COMMENCE SHORTLY NV Gold Corp.'s diamond drill hole, ARC-6C, has recently been completed to a depth of 859.5 metres and is being logged, split and sampled at its 100-per-cent-controlled Across the Valley (ATV) gold project in north-central Nevada. Preparations are being made to drill two additional holes to follow...Read More
Mr. Ioannis Tsitos reportsGOLDSOURCE OPTIONS STRATEGIC LAND POSITION IN GUYANAGoldsource Mines Inc., through its subsidiary and with its local joint venture partner in Guyana, Kilroy Mining Inc., executed a definitive agreement with a local Guyanese individual for the option to explore and purchase a 100-per-cent interest in the Bishop Growler property.As announced on Feb. 1, 2018, Bishop Growler...Read More