Recent News

Atlas Iron reveals strategy to weather storm of discounts

February 27, 2018 / www.mining.com

Atlas Iron (ASX: AGO) announced today that, despite high discounts for lower grade iron ore, it is still on track to meet its fiscal 2017-2018 shipment volume and cost guidance,which management set last August in 9 million-10 million wet tonnes, having shipped 5.2 million wet tonnes in the first-half to December 2017.In a media statement issued Tuesday, Australia's fifth largest iron ore producer...Read More

CANADA STOCKS-TSX declines with shares of mining, energy companies

February 27, 2018 / www.kitco.com

(Updates prices to close)TORONTO, Feb 27 (Reuters) - Canada's main stock index fell on Tuesday as weakness in the prices of gold, silver and oil weighed on shares of mining and energy companies.* The Toronto Stock Exchange's S&P/TSX composite index closed down 43.51 points, or 0.28 percent, at 15,671.15.* The TSX posted 6 new 52-week highs and 8 new lows. Across all Canadian issues there were...Read More

RPT-Canada cuts bond issuance as market demands T-bills

February 27, 2018 / www.kitco.com

(Repeats to add story link with no change to text)By Fergal SmithOTTAWA, Feb 27 (Reuters) - Canada is cutting down issuance of bonds in the 2018-19 fiscal year by 17 percent as the government runs a smaller budget deficit and market participants demand greater supply of more liquid T-bills.Bond issuance had increased by as much as 48 percent since 2015-16 as the Liberal government under Prime Min...Read More

NanoGraphene using technology to commercially produce "green" graphene

February 27, 2018 / www.proactiveinvestors.com

Stephen Hunt from Brooklyn based NanoGraphene tells Proactive Investors the newly created graphene production company is producing the material with distilled water without acid or chemicals to aid the process.Hunt says NanoGraphene will look to publicly list towards the end of the year.  Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommunities Plc at our event,...Read More

Mexico's Femsa sees profits down 70 pct on Venezuela hit

February 27, 2018 / www.kitco.com

MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday said net profit fell more than 70 percent in the fourth quarter, hit by the revaluation of assets in its Venezuelan Coca-Cola bottling operation.Net profit in the October to December period was more than 1.83 billion pesos ($93 million), down from nearly 6.7 billion pesos in the same period o...Read More

EMERGING MARKETS-Latin America stocks, currencies fall broadly on Fed remarks

February 27, 2018 / www.kitco.com

(Adds analyst comment)By Miguel GutierrezMEXICO CITY, Feb 27 (Reuters) - Equities and currencies fell across Latin America on Tuesday after new Federal Reserve Chairman Jerome Powell said his personal outlook for the U.S. economy had strengthened since December.In remarks to the U.S. House of Representatives Financial Services Committee, newly appointed Powell added that recent data had increased...Read More

2DLayer produces their material to industry level scale

February 27, 2018 / www.proactiveinvestors.com

Director of Operations William Douglas from 2D Layer tells Proactive Investors at the Graphene for U.S. 2018 Conference in New York that they have produced their atomically thin semi conducting material to industry scale level.Douglas says 2DLayer is looking for their second round of investment of $15 - $20 mln in the near future for further production.  Meet Scancell Holdings Plc, Advanced B...Read More

CANADA FX DEBT-Loonie swoons against dollar on budget release

February 27, 2018 / www.kitco.com

* Canadian dollar at C$1.277* The price of oil falls 1.6 percent(Updates quotes, prices, news)By Kate DuguidNEW YORK, Feb 27 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday as the greenback rose on the release of testimony that showed new U.S. Federal Reserve Chairman Jerome Powell will continue on the gradual monetary rate path pursued by his predecessor Janet Yel...Read More

Rate-Hike Jitters Send Stocks Spiraling

February 27, 2018 / www.schaeffersresearch.com

All eyes were on Fed Chair Jerome Powell today for his first congressional testimony, and stocks tumbled as a result. Powell sparked a risk-off approach from investors by suggesting the central bank could raise interest rates more than three times this year, if necessary. He also said recent economic data gives him more confidence inflation will increase going forward. This resulted in rising bond...Read More

UPDATE 1-Asia Morning Call-Global Markets

February 27, 2018 / www.kitco.com

Feb 28 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,056.90014.723NZX 50**8,356.37 -4.01DJIA**25,410.03-299.24 NIKKEI**22,389.86236.23Nasdaq**7,330.354-91.11FTSE**7,282.45 -7.13S&P 500** 2,744.28 -35.32Hang Seng** 31,268.66-229.94SPI 200 Fut 6,001-35.00STI** 3,540.39 -15.46SSEC**3,291.5253 -38.05KOSPI** 2,456.14 -1.51-------------------------------------------------...Read More

Australia shares seen set for a lower start; NZ down

February 27, 2018 / www.kitco.com

Feb 28 (Reuters) - Australian shares are seen opening lower on Wednesday following a weak lead from Wall Street overnight, and as material and energy stocks may face some pressure from falling iron ore and oil prices.The local share price index futures fell 0.6 percent, or 35 points to 6,001, a 55.9-point discount to the underlying S&P/ASX 200 index close. The benchmark closed 0.2 percent lowe...Read More

CANADA STOCKS-TSX ends lower as natural resources shares weigh

February 27, 2018 / www.kitco.com

TORONTO, Feb 27 (Reuters) - Canada's main stock index fell on Tuesday as weakness in the prices of gold, silver and oil weighed on shares of mining and energy companies.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 43.51 points, or 0.28 percent, at 15,671.15. (Reporting by John Tilak Editing by James Dalgleish)Keywords: CANADA STOCKS/CLOSE Disclaimer: The views...Read More

Gold plunges to three-week lows on Fed Powell's optimism

February 27, 2018 / www.fxstreet.com

Fed's Powell testimony lift hopes for a fourth rate hike this year. Spot gold challenging a three-week low. Fed head Powell's testimony is giving the greenback a nice boost against all of its major rivals, with gold breaking below $1,320.00 a troy ounce, currently at 1,316.80, challenging a three-week low and pressuring the 38.2% retracement of its December/January rally. The American doll...Read More

FOREX-Dollar hits 3-week high as remarks by Fed's Powell suggest less dovish bent

February 27, 2018 / www.kitco.com

* Fed's Powell strikes hawkish tone in 1st testimony* Traders brace for German, Italian political developments (Recasts lead; adds comment and FX table; updates prices)By Saqib Iqbal Ahmed and Gertrude Chavez-DreyfussNEW YORK, Feb 27 (Reuters) - The dollar hit a three-week peak on Tuesday after Federal Reserve Chairman Jerome Powell's remarks before U.S. lawmakers suggested a willingness to adopt...Read More

US STOCKS SNAPSHOT-Fed chair testimony triggers Wall St slide

February 27, 2018 / www.kitco.com

NEW YORK, Feb 27 (Reuters) - U.S. stocks suffered their biggest daily drops since the sell-off almost three weeks ago after comments from Federal Reserve Chairman Jerome Powell on Tuesday sparked concerns about more interest-rate increases than expected this year.The Dow Jones Industrial Average fell 299.24 points, or 1.16 percent, to 25,410.03, the S&P 500 lost 35.32 points, or 1.27 percent,...Read More

S.Korea March manufacturers' business sentiment index flat versus Feb

February 27, 2018 / www.kitco.com

SEOUL, Feb 28 (Reuters) - South Korean manufacturers' business confidence weakened a bit for March, a central bank survey showed on Wednesday.The Bank of Korea's manufacturing business survey index (BSI) for March stood at 79 on a seasonally adjusted basis, down marginally from 80 in February. But a March reading that was not adjusted for seasonal factors rose 82 from 77 a month earlier, clouding...Read More

TREASURIES-Powell's upbeat economic view flattens U.S. yield curve

February 27, 2018 / www.kitco.com

* Powell sees U.S. economy strengthening since December* Powell downplays risk signaled by a flattening yield curve* Powell sticks to Fed's gradual rate-hike stance* U.S. durable goods fall again, consumer mood hits 17-year high (Updates market action, adds quote)By Richard LeongNEW YORK, Feb 27 (Reuters) - The margin between U.S. shorter- and longer-dated yields narrowed on Tuesday after Federal...Read More

Brazil's federal police chief replaced in fallout over interview -ministry

February 27, 2018 / www.kitco.com

BRASILIA, Feb 27 (Reuters) - Fernando Segovia, the director general of Brazil's federal police who spearhead the country's sprawling corruption cases, was replaced on Tuesday, the press office of the newly created Public Security Ministry said. Segovia, who took office in November, came under pressure from prosecutors, federal police investigators and media after he told Reuters in an interview ea...Read More

Eureka Announces Proposed Acquisition of Kore Mining

February 27, 2018 / bit.ly

Eureka Resources (TSXV:EUK) ('Eureka' or the 'Company') is pleased to announce that it has signed an amalgamation agreement dated February 24, 2018 (the 'Agreement') with Kore Mining Ltd.Read full newsRead More

2 Stocks Sinking on M&A Doubts

February 27, 2018 / www.schaeffersresearch.com

U.S. stocks have struggled today, as markets digest new Fed Chair Jerome Powell's latest comments in Washington, D.C. Among specific equities trading lower are drug store stock Walgreens Boots Alliance Inc (NASDAQ:WBA), generic drugmaker Akorn, Inc. (NASDAQ:AKRX), and health products retailer Vitamin Shoppe Inc (NYSE:VSI), Here's a closer look at what shares of WAG, AKRX, and VSI are reacting to...Read More

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