Europa Oil And Gas PLC's (LON:EOG) Hugh Mackay tells Proactive's Andrew Scott that the Inishkea prospects are now the company's 'flagship' project in Ireland.He says a 2019 drilling date is possible, with the lower geological risks of the area a compelling reason to pursue the project.Mackay adds that the project could also help reduce the reliance of Ireland on gas imports from countries such as...Read More
Signet Jewelers Ltd. (NYSE:SIG) has a history of making volatile post-earnings swings, and today's action is no different. But despite the retailer being one of the best stocks to own on the S&P 500 Index (SPX) in March over the past decade, SIG shares have plummeted 16% out of the gate to $40.09, hitting a six-year low of $4.02 earlier, after the jewelry specialist reported earnings this morning....Read More
Nvidia Corporation (NASDAQ:NVDA) stock has been on a tear lately, and analysts are taking notice. This morning, RBC upped its price target on the chip stock to $285 from $280. While the covering analyst expects cryptocurrency tailwinds to slow, continued growth in spending on data centers and gaming should fuel demand for the company's chips. Still, NVDA stock is down 0.3% at $247 so far today....Read More
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) stock is trading up 5.4% at $16.95, as the shares try to recover from last month's earnings bear gap. Boosting VRX stock this morning is news the company's plaque psoriasis treatment, Siliq, has been approved in Canada. Valeant expects to begin marketing efforts in the country later this year.Also helping Valeant stock today are Securities and Exchange C...Read More
WASHINGTON (Reuters) - U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, pointing to a slowdown in economic growth in the first quarter.Other data on Wednesday showed underlying producer prices increasing solidly in February amid strong gains in the cost of services such as hotel accommodation, airline fa...Read More
BERLIN (Reuters) - Germany's Angela Merkel will head to France on Friday, the first foreign trip of her fourth term as chancellor, to discuss bilateral, European and international topics with French President Emmanuel Macron, a German government spokesman said.Earlier on Wednesday, German lawmakers re-elected Merkel as chancellor of Europe's biggest economy, almost six months after a federal elect...Read More
(Kitco News) - Gold prices have slipped from near unchanged seen in early U.S.trading, to modestly lower levels in late-morning action Wednesday. A firmerU.S. dollar index and more gains in the U.S. stock indexes are putting somedownside price pressure on the safe-haven metal. Aprilgold was last down $3.10an ounce at $1,323.80.By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.ki...Read More
Range-boundgold may draw support from fears about a trade war but at the same time be heldback by expectations for Federal Reserve interest-rate hikes, says TDSecurities. “Rex Tillerson's departure from the White House [as secretary ofstate] provided a bid, but we expect that it will be short-lived as is typicalof similar event-driven rallies,” TDS says. “Meanwhile, increasing ch...Read More
Range-bound gold may draw support from fears about a trade war but at the same time be held back by expectations for Federal Reserve interest-rate hikes, says TD Securities. “Rex Tillerson's departure from the White House [as secretary of state] provided a bid, but we expect that it will be short-lived as is typical of similar event-driven rallies,” TDS says. “Meanwhile, increasi...Read More
Getty ImagesSales at U.S. retailers fell in February for the third month in a row, but the declines were small and unlikely a sign of trouble for the broader economy. The numbers: Sales at U.S. retailers fell in February for the third month in a row - the first time that's happened since 2012 - but the declines were small and unlikely a sign of trouble for the broader economy. The monthly decline...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) jumped as much as 6.5% on Wednesday after the miner revealed it had dug up yet another big rock at its flagship Let??eng mine in Lesotho.The 169-carat, top white colour, Type IIa rock is seventh diamond of over 100 carats the company has recovered so far this year at the mine, the world's highest dollar per carat.The finding comes barely a day af...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) jumped as much as 6.5% on Wednesday after the miner revealed it had dug up yet another big rock at its flagship Let??eng mine in Lesotho.The 169-carat, top white colour, Type IIa rock is seventh diamond of over 100 carats the company has recovered so far this year at the mine, the world's highest dollar per carat.The finding comes barely a day af...Read More
Kate Hiscox, President of Venzee Technologies Inc. (TSX-V: VENZ) was chosen in BCBusiness as one of Vancouver's most promising fintech stars, using technology in innovative ways. Grouped in with several multi hundred million plus dollar companies, this continues to demonstrate the innovative solution Venzee has brought to the e-commerce business.Matrix: Vancouver's Money MakeoverBy Nathan Cadd...Read More
Dow Jones Industrial Average (DJI) futures are trading above fair value, as stocks try to recover from yesterday's politically driven pullback. Concerns surrounding trade and tariffs could linger today, however, after CNBC reported the White House is considering placing indefinite tariffs on China, on top of other restrictions. Traders are also considering another big round of economic data. Namel...Read More
SACRAMENTO/WASHINGTON (Reuters) - Republican state senators in California gathered in Sacramento late last month for what amounted to an intervention.A leading Washington, D.C. polling firm warned the senators in no uncertain terms that intense Democratic antipathy toward President Donald Trump could spur that party’s voters to turn out in record numbers, jeopardizing safe Republican distric...Read More
(Reuters) - U.S. stock index futures signaled a rebound for Wall Street on Wednesday, a day after the main indexes fell more than half a percent on fears of political and trade uncertainties.By 6:53 a.m. ET, Dow e-minis 1YMc1 were up 84 points. S&P 500 e-minis ESc1 rose 7.5 points and Nasdaq 100 e-minis NQc1 gained 30 points.Singapore-based Broadcom Ltd (AVGO.O) withdrew its $117 billion bid t...Read More
LONDON (Reuters) - Talks on Britain’s withdrawal of the European Union pose the biggest short-term risk to European financial markets, BlackRock’s deputy chief investment officer for fixed income Scott Thiel said on Wednesday.Britain is in the middle of negotiations with the European Union to try to agree the terms of a transition deal to cover the period after it leaves the bloc.&ldqu...Read More
(Kitco News) - Gold prices arenear steady in early U.S. trading Wednesday. The yellow metal is so farignoring a batch of U.S. economic data, including a producer price index reportthat was a bit hotter on inflation than expected. April Comex gold futures werelast up $1.20 an ounce at $1,328.20. May Comex silver was last up $0.023 at $16.650an ounce.Thekey economic data points of the day Wednesday...Read More
(Kitco News)- The gold pricesare modestly higher following weaker than expected retail sales and slightlystronger than expected pipeline inflation pressures.Wednesday, the Labor Department saidits Producer Price Index (PPI) rose 0.2% last month following an increase of0.4% in January. According to consensus forecasts, economists were expecting toan increase of 0.1%.Coreinflation, which strips out...Read More
Editor's Note: Updating earlier story with more details from report and comment from economist.(Kitco News) - Gold futures ticked modestly higher aftera Commerce Department report Wednesday showing that February U.S. retail salesdecreased by 0.1% to $492 billion, when economists had been expecting a riseinstead. This was the third straight monthlydecline in overall retail sales. Meanwhile, sales e...Read More