(Kitco News) - Gold prices were ending the U.S. day session with moderate gains early Tuesday afternoon. The precious metals saw some safe-haven demand due to increasing concerns about turmoil in the Trump administration. A lower U.S. dollar index on this day also worked in favor of the metals bulls. April Comex gold futures were last up $5.70 an ounce at $1,326.50. May Comex silver was last up $0...Read More
John Nichols, chief executive of H & T Group PLC (LON:HAT), tells Proactive a booming personal loan book and strong sales of luxury second-hand watches and jewellery last year helped to lift the pawnbroker.Group profits jumped 45% to ?14.1mln in 2107, helped by a near doubling of personal lending to ?18.3mln while average impairment charges were also lower. Meet AusCann Group Holdings...Read More
It was 1987. Nobody was putting Baby in the corner. The rhythm was gonna get you. And stocks took the biggest single-day dive ever. On Oct. 19, the Dow Jones Industrial Average DJIA, -0.68% slid 508 points to 1,783 for a historic 22.6% loss. So you can imagine the panic investors endured at the time-enough to earn the name "Black Monday." What triggered the crash? Even in hindsight, it's hard t...Read More
Deep Green Resources (DPG), a seafloor mining start-up partnering with Maersk, the world's largest container shipping company, is about to launch a six-week cruise on April 12-14 from San Diego CA to an area of the Pacific Ocean where it will begin a process that it hopes and fully expects will solve the problem of how to mine the minerals and metals essential for a cleaner, greener world in a fa...Read More
Deep Green Resources (DPG), a seafloor mining start-up partnering with Maersk, the world's largest container shipping company, is about to launch a six-week cruise on April 12-14 from San Diego CA to an area of the Pacific Ocean where it will begin a process that it hopes and fully expects will solve the problem of how to mine the minerals and metals essential for a cleaner, greener world in a fa...Read More
Yelp Inc (NYSE:YELP) shares gapped lower in early February, as traders reacted to a disappointing sales forecast. However, the stock last week took out its pre-earnings close -- a pattern that's led to short-term gains this year. In addition, YELP muscled north of a trendline that connected lower highs since November, and retook the $45 level -- triple its initial public offering (IPO) price and t...Read More
FireEye Inc (NASDAQ:FEYE) stock has been on a tear lately, racing to a two-year high of $18.29 last Thursday. If past is precedent, the software name could be gearing up for an even bigger move in the coming months. FireEye stock is down 1.2% today to trade at $17.59, pulling back after logging a fifth straight weekly win. The shares have tacked on 25% in 2018, guided higher by their rising 10-...Read More
LONDON (Reuters) - Sterling rose to a two-week high on Tuesday as the dollar sold off after data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson.As the dollar began its sell-off, British Finance Minister Philip Hammond gave his half-yearly economic update on the economy.Hammond upgraded his growth forecasts...Read More
LONDON (Reuters) - Saudi Arabia’s proposals of new metrics to determine when the oil market is balanced signals a shift in OPEC’s targets for a pact on supply cuts that has almost achieved the initial aim of reducing bloated inventories.The Organization of the Petroleum Exporting Countries, Russia and nine other producers cut output from January 2017 by 1.8 million barrels per day (bpd...Read More
After starting the day roughly 200 points higher,the Dow Jones Industrial Average (DJI) has pared most of its gains, as traders react to the firing of Secretary of State Rex Tillerson. President Trump nominated CIA Director Mike Pompeo as Tillerson's replacement, and named Gina Haspel the new leader of the spy agency. Meanwhile, despite easing concerns about inflation, the S&P 500 Index (SPX) and...Read More
Interviewed by Vasudha Sharma Kate Hiscox, President of Venzee Technologies Inc. (TSX-V: VENZ) was interviewed by Vasudha Sharma, reporter for SmallCapPower about certain challenges in the retail industry along with a solution from Venzee's technology and a sensational 2018.Vasudha Sharma:Can you give us a example on how your products works?Kate Hiscox:We're starting to work with major retailer...Read More
NEW YORK (Reuters) - A measure of stress in U.S. dollar funding is expected to intensify into the end of first quarter due to a rising supply of Treasury bills and maturing short-term bank debt, Bank of America Merrill Lynch analysts said on Tuesday.The spread on the three-month London interbank offered rate (LIBOR) and three-month overnight indexed swap rate may widen to 50 basis points before gr...Read More
(Reuters) - Wall Street’s main indexes rose on Tuesday as fears of faster interest rate hikes eased after a tepid U.S. consumer prices data and investors shrugged off news of U.S. Secretary of State Rex Tillerson’s ouster.U.S. President Donald Trump fired Tillerson on Tuesday after a series of public rifts over issues including North Korea and Russia, replacing his chief diplomat with...Read More
MOSCOW, March 13 (Reuters) - Russia-focused fertiliser producer Eurochem said it has produced its first potash at its new $2 billion Usolskiy plant in Russia.The project may intensify competition among suppliers of the crop nutrient in the region, traditionally dominated by Russia's monopoly producer Uralkali and Belarusian miner Belaruskali.Privately-held Eurochem, one of the world's largest prod...Read More
• Reviving USD demand prompts some fresh selling on Tuesday. • Rising US bond yields offset cautious sentiment in European markets. • Focus remains on the key US CPI data. Gold maintained its offered tone through the mid-European session and now seems to have entered a bearish consolidation phase. Currently placed at...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said the United States still needed to sort out the facts behind the nerve agent attack in Salisbury, England, that struck down a former spy, and would talk to British Prime Minister Theresa May later on Tuesday.Trump, speaking to reporters at the White House, acknowledged that British authorities have accused Russia in the attack on the former Ru...Read More
Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, ramping up pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3.The world's largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tues...Read More
MOSCOW (Reuters) - Britain’s ambassador in Moscow, Laurie Bristow, said on Tuesday Britain expected an explanation from Russia on how a nerve agent used in an attack on a former double agent came to be in Britain.“I reiterated the points made by Prime Minister May that we expect by the end of today an account from the Russian state as to how this material came to be used in Salisbury,&...Read More
Restructuring took its toll on this year's figures but Ian Jenks, Brady Plc's (LON:BRY) executive chairman, tells Proactive that streamlining is complete and the plan now is to grow sales and re-discover the group's tech mojo.A strong balance sheet will help, as will a rush of consolidation among its rivals. Meet AusCann Group Holdings Ltd, Pacific American Coal Ltd, Kasbah Resources, Hazer...Read More
3-D printing specialist 3D Systems Corporation (NYSE:DDD) has become a favorite stock for options traders due to its volatile trading history. Interest is again picking up with the company set to report earnings after the close on Wednesday, as DDD open interest currently stands in the 81st annual percentile. And not surprisingly, volatility expectations have been surging.Specifically, implied vol...Read More