(Kitco News) - Despite avoiding an imminent trade war with the U.S. over steel and aluminum tariffs, Canada should not be breathing easier, this according to Shark Tank star Kevin O’Leary. “I don’t think the long-term outcome of the negotiations is going to be better for Canada,” O’Leary told Kitco News. “For example, on steel, what will probably end up in the...Read More
Eira Thomas, chief executive and co-founder of Lucara Diamonds (TSE:LUC), tells Proactive that recent blockchain purchase Clara Diamonds will modernise the way that rough diamonds are sold. She explained: "Clara could be very lucrative for us in the longer term, and could be a significant revenue generator for us going out several years."Clara should be selling rough diamonds on its platform...Read More
Timothy Gardner, Valerie Volcovici(Reuters) - The main U.S. coal miners’ union is set to endorse two Democrats running for Congress in West Virginia, two sources familiar with the matter said on Thursday - a boost for Democrats trying to win over a constituency that voted heavily for Republican Donald Trump in 2016.The United Mine Workers of America on Friday will endorse Richard Ojeda for U...Read More
BOSTON (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Thursday sovereign country balance sheets look risky to him as deficits become a larger percentage of their gross domestic product.“The sovereigns look risky,” Blankfein said at a luncheon hosted by the Boston College Chief Executives Club.He said much of the banking industry’s problems have been s...Read More
NEW YORK (Reuters) - The Federal Reserve bought $2.498 billion of agency mortgage-backed securities in the week from Mar. 15 to Mar. 21, compared with $3.195 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agen...Read More
Tom MilesGENEVA (Reuters) - China is preparing a range of responses to planned U.S. tariffs and will stand up to protectionism, but still hopes for dialogue, Beijing’s ambassador to the World Trade Organization (WTO) said on Thursday.Zhang Xiangchen said China was considering a WTO complaint against the package of tariffs that President Donald Trump was expected to announce later on Thursday...Read More
David RandallNEW YORK (Reuters) - The threat of a global trade war pushed benchmark equity indexes in the United States and Europe deep into the red on Thursday and cut into commodity prices, a day after the Federal Reserve raised interest rates as expected.U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China....Read More
Odyssey Marine Exploration has more than doubled todayThe Dow is sharply lower today following the White House's announcement of tariffs on China. Three stocks making notable moves are shipwreck discovery specialist Odyssey Marine Exploration Inc (NASDAQ:OMEX), Chinese tech issue Baidu Inc (NASDAQ:BIDU), and Humira parent AbbVie Inc (NYSE:ABBV). Let's take a closer look at what's moving shares of...Read More
Xeros Technology Group PLC (LON:XSG) saw its shares leap 11.5% in mid-afternoon trading to 164p after expanding its US coverage by acquiring Gloves Inc.The cleaning product developer said Gloves, a firefighter equipment maintenance company, was acquired for a cash consideration of US$800,000 with a further US$300,000 contingent on growth targets.Xeros said the acquisition, combined with its previo...Read More
Huw Jones, Emma RumneyLONDON (Reuters) - Britain announced a task force on Thursday to exploit the technology underpinning cryptoassets, such as bitcoin and other cryptocurrencies, as part of new plans to help fintech companies find more customers.British finance minister Philip Hammond said he was committed to helping fintech grow and flourish by taking a series of domestic steps and forging link...Read More
LONDON (Reuters) - Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan, Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed.U.S.-based investment bank Goldman has been among the top three since Coalition started compiling the figures in 2010, having a longstanding reputation for generat...Read More
Richard CowanWASHINGTON (Reuters) - The U.S. House of Representatives on Thursday approved a $1.3 trillion spending bill to avert a government shutdown and fund federal agencies through Sept. 30, despite a revolt by fiscal conservatives worried about what they called runaway spending.The Republican-led chamber backed the measure 256-167, sending it to the Senate ahead of a midnight Friday deadline...Read More
(Reuters) - U.S. stocks slid on Thursday, but were off session lows, after President Donald Trump said he planned to impose tariffs on up to $60 billion of Chinese imports, but his action was far removed from threats that could have ignited a global trade war.Trump, according to a presidential memorandum he signed, will target the imports only after a consultation period. China will also have spac...Read More
GENEVA (Reuters) - China is preparing a range of responses to planned U.S. tariffs and will stand up to protectionism, but still hopes for dialogue, Beijing’s ambassador to the World Trade Organization (WTO) said on Thursday.Zhang Xiangchen said China was considering a WTO complaint against the package of tariffs that President Donald Trump was expected to announce later on Thursday.“T...Read More
Firesteel Resources Inc. (TSX.V:FTR) ('FTR') today announced that it has appointed Vern Langdale as Mine Manager of the Laiva Mine in Finland. The mine is expected to start production in the third quarter of 2018. The team at Laiva will benefit from Vern's extensive international mining and project management experience.Read full newsRead More
Velocity Minerals Ltd. (TSXV:VLC) ("Velocity" or the "Company") announces a non-brokered private placement (the 'Financing') of up to 17,500,000 units (the 'Units') priced at $0.20 per Unit to raise total gross proceeds of up to $3.5 million.Read full newsRead More
Gold futures climbed Thursday to settle at their highest in more than two weeks, as the precious metal tracked a dollar hemmed in by signs the Federal Reserve would adhere to a more-conservative script with interest-rate policy this year. Prices for the yellow metal briefly tapped a session low as a benchmark dollar index found modest support after President Donald Trump signed tariffs against Chi...Read More
The Fed dovish hike is weighing on the USD. Trump should announce tariffs on China this Thursday. Gold is trading at around the 1330 mark, virtually unchanged so far on the day. On Wednesday the Fed failed to surprise the market. As a matter of fact, the market was surprised to see only two more rate hikes in 2018 as opposed to three. The market reaction was one-sided across the board: sell USD....Read More
Blackrock Gold Corporation (TSXV: BRC) (the 'Company') is pleased to announce that it has received final acceptance from the TSX Venture Exchange (the 'Exchange') for the Silver Cloud project in Elko, Nevada, details of which were announced in the Company's news release dated October 31, 2017.Read full newsRead More
Following the collapse of Europe's Composite PMI (to 14-month lows), US Composite PMI slipped notably from one-year highs. So much for the 'global synchronous recovery' narrative.Read full newsRead More