NEW YORK (Reuters) - Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance on OPEC production cuts, and persistent concern related to the Iran nuclear deal.Brent crude futures LCOc1 rose $2.05, or 3 percent, to settle at $69.47, nearly a 7-week high.U.S. West Texas Intermediate (WTI) crude futures CLc1 ga...Read More
WASHINGTON (Reuters) - A leading U.S. House of Representatives member has privately urged banks to push Senate Democrats to agree to further easing of financial rules in a bid to end a stalemate over the first rewrite of regulations since the 2007-2009 financial crisis, sources said on Tuesday.Representative Jeb Hensarling, who is leading House discussions on the first rewrite of the 2010 Dodd-Fra...Read More
Richard Cowan, Amanda BeckerWASHINGTON (Reuters) - President Donald Trump in a discussion with congressional leaders on Wednesday backed a $1.3 trillion U.S. spending bill, which aides said will include new funds for border security, the Pentagon, infrastructure and fighting Russian election hacking.The White House said in a statement that Trump, Senate Republican leader Mitch McConnell and House...Read More
"There has been sort of the perfect storm of factors tightening financial conditions...Banks do have tremendous liquidity still, but it's at a higher price...Read full newsRead More
Beijing has decided to increase the cost of oil storage to discourage pure-play speculators from flooding in the market and unleashing price volatility that could spell doom for the brand-new contracts...Read full newsRead More
WASHINGTON (Reuters) - U.S. President Donald Trump spoke with House Speaker Paul Ryan and Senate Republican leader Mitch McConnell on Wednesday about a $1.3 trillion spending bill being considered by Congress and indicated his support for the measure, the White House said.“The President and the leaders discussed their support for the bill, which includes more funds to rebuild the military, s...Read More
The numbers: Existing-home sales ran at a seasonally adjusted annual pace of 5.54 million in February, the National Association of Realtors said Wednesday. What happened: Sales of previously-owned homes snapped a two-month losing streak, jumping 3.0% from January. They were 1.1% higher than in February of 2017, and the rate was higher than 2017's full year total of 5.51 million, a sign that...Read More
Mcx Zinc Target Call – Zinc BUY Call 1d8 given at price 208.50 Achieved 1st 209.90 & 2nd Target 210.50. CMP 210.90. Profit of 2 Point x 2 lot = 4 PointsTIPS ID 1d8 : Free Zinc Tips Today - BUY 2 lot Mcx Zinc March at CMP 208.50 for Target 209.90 - 210.50 with SL below price 207.40AFTER POST CONTENT Read More
NEW YORK (Reuters) - U.S. stocks rose on Wednesday, building on earlier gains after the U.S. Federal Reserve raised interest rates as expected and a recovery on Facebook shares.The Federal Reserve raised interest rates and forecast at least two more hikes for 2018, signaling growing confidence that U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressi...Read More
Shares in Modern Water PLC (LON:MWG) slid 9% in mid-afternoon trading to 9.7p after the water treatment company said it expected revenue and operating profits for the year to be below market expectations.The company said the expected underperformance was primarily due to a shortfall in anticipated revenue from its monitoring division in China as the result of a 2017 change of its product sale...Read More
Fed chairman says FOMC is committed to clear communicationPowell says he has made no final decision on the topicFed Chair Jerome Powell discusses the possibility of more frequent news conferences following FOMC decisions.Federal Reserve Chairman Jerome Powell said that he is “going to be carefully considering” adding more policy-meeting press conferences to the current calendar of fo...Read More
Sean Smith, chief executive of Eden Research PLC, explains the technology behind its range of naturally-derived pesticides and why winegrowers in France, Spain and Italy are giving rave reviews to Mevalone, its grape fungicide.Work is already underway to get approval in the US as well as Australia New Zealand and South Africa, he says.Another product, Cedroz meanwhile is under development to...Read More
WASHINGTON/NEW YORK (Reuters) - Tech start-ups that issue digital tokens to raise funds are falling in line with U.S. securities laws or seeking legal ways to skirt them after the Securities and Exchange Commission (SEC) said it planned to regulate the market.The issuers are increasingly filing their ‘initial coin offerings (ICOs)’ with the SEC, adding customer checks, barring U.S. inv...Read More
ALGOLD RESOURCES LTD.(TSXV:ALG) ("Algold" or the "Corporation") is pleased to announce the appointment of Benoit La Salle as Chief Executive Officer. Mr. La Salle will continue to serve as Chairman of the Board of Algold, a position that he has occupied since early 2013.Read full newsRead More
Needham upgraded ARNA shares to "buy"The Dow is exploding higher this afternoon after the Fed raised rates -- as expected -- and upped its forecast for U.S. economic growth. Three stocks making notable moves are drugmakers Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) and Alder Biopharmaceuticals Inc (NASDAQ:ALDR), as well as electric automaker Tesla Inc (NASDAQ:TSLA). Let's take a closer look at wha...Read More
WTI/RBOB extended yesterday's gains this morning, after bullish API data, and continued higher after DOE data confirmed the surprise crude build and decent sized product draws. Production rose to a new record high.Read full newsRead More
Renforth Resources Inc. (CSE - RFR) ("Renforth" or the "Company") is pleased to announce that ongoing definition drilling has resumed on our Parbec resource property, located on the Cadillac Break, tied on to the Canadian Malartic Mine in Malartic, Quebec.Read full newsRead More
The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution.Read full newsRead More
A 25bp rate hike is priced in by the market as the focus is on the dot-plot. Gold bulls attempt to break $1320 ahead of FOMC. Gold is trading at around 1319.50 up 0.64% on Wednesday so far as the market is awaiting the end of the two-day FOMC meeting which will likely provide the market with the confirmation of a 25 bp rate hike. The market will pay attention if whether or not the FOMC st...Read More
Jonathan Spicer, Jason LangeWASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, signaling growing confidence U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening.In its first policy meeting under new Fed chief Jerome Powell, the U.S. central bank indicated th...Read More