LONDON, March 27 (Thomson Reuters Foundation) - What does the world spend about 25 billion dollars on each year, only to throw it away?The answer is chewing gum. It is a blight on city streets, expensive for local authorities to deal with, and takes a heavy toll on the environment, according to its critics.But one woman in Britain is performing modern-day alchemy on it.“When I started to loo...Read More

Wall Street is shocked, but it shouldn't be: Tariffs targeting China should have been a given, and now the market's tanking on trade war fears as if it just crept up on everyone, but Trump's been very clear on this.Wall Street is known for being short-sighted, though, and allowing itself to get caught up in the euphoria of the day. And now the world's biggest investors are losing hundreds of bil...Read More

GME will report earnings after tomorrow's closeVideo game retailer GameStop Corp. (NYSE:GME) is slated to report fourth-quarter earnings after tomorrow's close. GME has been on a steady decline over the past 12 months, shedding 33%, and staring up at stiff resistance from its 30-day moving average since a mid-January bear gap. GameStop stock more recently touched a 12-year low of $13.50 just last...Read More

TORONTO (Reuters) - The Canadian federal agency charged with protecting privacy rights of individuals said on Tuesday that it has contacted its counterpart in British Columbia to discuss the provincial office’s review of AggregateIQ.“We have been in contact with our provincial counterpart in British Columbia, which has been examining matters related to AggregateIQ,” Valerie Lawto...Read More

LONDON (Reuters) - British Prime Minister Theresa May said on Tuesday that 25 countries have now moved to expel Russian diplomats over Moscow’s suspected involvement in the poisoning of a former Russian spy and his daughter in England.May, speaking to lawmakers in parliament, also noted NATO’s decision to expel seven diplomats from Russia’s mission to the alliance.“I welcom...Read More

In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes-as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation.I forecast then that we could see another "Fed rally" this year following the rate...Read More

PTCT options are attractively priced, from a volatility perspectivePTC Therapeutics, Inc. (NASDAQ:PTCT) stock has been red-hot lately, racing to a three-year high of $33.22 last Wednesday. And if a recent volatility signal is any indication, the biotech name could be gearing up for an even bigger upside move in the coming months. PTC Therapeutics stock is trading at $32.38 at last check, havin...Read More

FRANKFURT (Reuters) - European lawmakers are urging the European Central Bank’s President Mario Draghi to investigate Maltese banks and their supervisors after the arrest of Pilatus Bank’s chairman on charges of breaking U.S. sanctions.Ali Sadr Hashemi Nejad was accused in an indictment filed in a federal court in Manhattan of involvement in a scheme to evade U.S. economic sanctions ag...Read More

GE is bouncing after hitting an eight-year low on MondayIt's a mixed session on Wall Street, after the U.S. stock market logged its best day in two years on Monday. The Dow Jones Industrial Average (DJI) was last seen trading comfortably higher on tailwinds from General Electric (GE), while the S&P 500 Index (SPX) is modestly higher, as traders weigh strong housing data against an unexpected drop...Read More

NEW YORK (Reuters) - Stock markets mostly gained on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors’ appetite for riskier assets.In morning trading, U.S. stock indexes were working to sustain momentum one day after each of the major indexes turned their best day of performance since August 2015.The Dow Jones Industrial Average .DJI...Read More

(Adds comment, updates throughout)By Richard Mably and Yara BayoumyNEW YORK, March 27 (Reuters) - Saudi Arabia and Russia areworking on a historic long-term pact that could extend controlsover world crude supplies by major exporters for many years tocome.Saudi Crown Prince Mohammed bin Salman told Reuters thatRiyadh and Moscow were considering a longer deal to extend ashort-term alliance on oil cu...Read More

Paul Baay, chief executive of Touchstone Exploration Inc (LON:TXP, CVE:TXP), spoke to Proactive's Andrew Scott following the release of their 2017 year-end results.In the year, the company produced an average of 1,375 barrels of crude oil per day which marked a 6% increase from the preceding year.Petroleum revenues increased 33% for the year, at US$32.02mln from the US$24.03mln reported for 2016....Read More

MOSCOW (Reuters) - Moscow will respond appropriately to the U.S. expulsion of Russian diplomats and closure of the Russian consulate in Seattle, Russia's Foreign Ministry said on Tuesday, RIA news agency reported.The United States said on Monday it would expel 60 Russian diplomats, joining governments across Europe in punishing the Kremlin for a nerve agent attack on a former Russian spy in Britai...Read More

Do you hear the military march? The world’s largest economies are flexing their muscles and preparing for war. Will gold win the trade conflict between the United States and China? So It Begins Trade war. This topic dominated the recent days. Last week, President Trump announced plans for tariffs on about $60 billion of Chinese imports. In response, Liu He, China’s vice-prime minister,...Read More

Mr. Claude Dufresne reportsNIOBAY METALS ANNOUNCES PRIVATE PLACEMENT WITH OSISKO GOLD ROYALTIESOsisko Gold Royalties Ltd. has agreed to purchase, by way of a private placement, nine million common shares of Niobay Metals Inc. at a price of 26 cents per share for proceeds of $2.34-million.The financing is expected to close on or about March 28, 2018, following which Osisko will own approximately 19...Read More

Mr. Claude Dufresne reportsNIOBAY METALS ANNOUNCES PRIVATE PLACEMENT WITH OSISKO GOLD ROYALTIESOsisko Gold Royalties Ltd. has agreed to purchase, by way of a private placement, nine million common shares of Niobay Metals Inc. at a price of 26 cents per share for proceeds of $2.34-million.The financing is expected to close on or about March 28, 2018, following which Osisko will own approximately 19...Read More

(Reuters) - The Trump administration is mulling a crackdown on Chinese investments in technologies that the U.S. considers sensitive by employing a law reserved for national emergencies, among other options, Bloomberg reported, citing people familiar with the matter.The International Emergency Economic Powers Act, enacted in 1977, allows the president to declare a national emergency in response to...Read More

NEW YORK (Reuters) - Puerto Rico’s Government Development Bank, the island’s insolvent former fiscal agent now in wind-down mode, has tweaked its $5 billion debt restructuring deal to help keep small towns afloat six months after Hurricane Maria.Governor Ricardo Rossello’s office said in a statement on Tuesday that the bank, known as the GDB, will allow towns to offset any loans...Read More

NEW YORK (Reuters) - Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession.“The changing global monetary policy landscape coupled with long in the...Read More

NEW YORK (Reuters) - Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession.“The changing global monetary policy landscape coupled with long in the...Read More