Weight Watchers International, Inc. (NYSE:WTW) will report fourth-quarter earnings after tonight's close, and ahead of the event, the stock is trading down 2.7% at $69.69 on negative earnings reactions for sector peers NutriSystem (NTRI) and Vitamin Shoppe (VSI). WTW shares have a positive history of post-earnings price action, though, having closed higher the next day in six of the past eight qua...Read More
Feb 28 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,056.90 14.70 NZX 50**8,360.38 19.85DJIA25,642.81-66.46NIKKEI**22,389.86236.23Nasdaq7375.22-46.244 FTSE**7,282.45 -7.13S&P 500 2,766.03 -13.57Hang Seng** 31,268.66-229.94SPI 200 Fut 6,021.00 -15.00STI** 3,540.39 -15.46SSEC**3,291.53 -38.05KOSPI** 2,456.14 -1.51-------------------------------------------------------...Read More
Volatility stormed back into the stock market in a big way in February, with the major market indexes kicking the month off with a correction. Of course, stocks have since rebounded from those lows, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) back within striking distance of all-time highs. Nevertheless, the pair of indexes are on pace to snap lengthy monthly win streaks --...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
(In headline and throughout, corrects to surplus from deficit)BRASILIA, Feb 27 (Reuters) - Brazil's central government primary budget surplus widened more than expected in January, Treasury data showed on Tuesday, setting a record for any month since records began in 1997.The central government, which includes federal ministries, the social security system and the central bank, posted a primary b...Read More
* Macy's jumps after reporting upbeat Q4 same-store sales* Comcast offers to buy Sky for $31 bln * Indexes down: Dow 0.42 pct, S&P 0.63 pct, Nasdaq 0.84 pct(Updates to early afternoon)By Sruthi ShankarFeb 27 (Reuters) - U.S. stocks fell sharply on Tuesday after Federal ReserveChairman Jerome Powell's comments on strengthening economy and inflation boosted bets the central bank would squeeze in...Read More
(Bloomberg) - Billionaire hedge-fund manager John Paulson is right to press top gold producers to avoid repeating their bad deal-making habits as prices press higher after notching up their biggest annual gain since 2010, according to Australia's second-largest supplier."I have a lot of empathy for what Paulson has been saying," Evolution Mining Ltd. Executive Chairman Jake Klein said in an inter...Read More
By Ben MartinLONDON, Feb 27 (Reuters) - British subprime lender Amigo Loans is preparing for a stock market float in London that could value the consumer credit firm at more than $700 million.The company, which offers high interest loans and focuses on borrowers who have weak credit histories, has hired JPMorgan and RBC Capital Markets to examine the potential flotation, according to a person with...Read More
Ray Gibbs, CEO of Haydale Graphene Industries PLC (LON: HAYD) tells Proactive Investors at the Graphene for U.S. Conference in New York, that America is trying to catch up with graphene commercialization, while the Asian graphene market pushes for the material.Haydale's Taiwan-based inks arm has agreed a deal to supply Japanese firm Graphene Platform (GPC), and will initially target Japan's electr...Read More
(Bloomberg) - Agnico Eagle Mines Ltd. is dusting off cobalt assets in Ontario for potential sale as a global search for the rechargeable-battery ingredient expands amid surging demand.The gold producer is doing an analysis of its Canadian cobalt holdings after receiving five or six inquiries, Chief Executive Officer Sean Boyd said Monday in a Bloomberg TV interview at the annual BMO mining confe...Read More
(Bloomberg) - Agnico Eagle Mines Ltd. is dusting off cobalt assets in Ontario for potential sale as a global search for the rechargeable-battery ingredient expands amid surging demand.The gold producer is doing an analysis of its Canadian cobalt holdings after receiving five or six inquiries, Chief Executive Officer Sean Boyd said Monday in a Bloomberg TV interview at the annual BMO mining confe...Read More
SAO PAULO, Feb 27 (Reuters) - Brazilian healthcare insurer Hapvida Participa???ues e Investimentos SA filed for an initial public offering on the Sao Paulo stock exchange on Monday, according to a securities filing.The offering will have a primary portion, in which the company will issue new shares, and a secondary portion, in which the controlling shareholder will sell part of its stake. Hapvida...Read More
Zambia, Africa's second largest copper producer, will begin enforcing a law that requires miners to transport 30% of their cargo by train, in a move aimed at boosting the country's rail sector.Mining companies have expressed their concerns about the rail system capacity, warning that the government has not properly considered the potential impact on the network.Transport Minister Brian Mushimba sa...Read More
* Dollar index hits two-week high after Powell testimony* LME/ShFE arb: * GRAPHIC-2018 asset returns: (Updates with closing prices)By Jan HarveyLONDON, Feb 27 (Reuters) - Copper fell more than 1 percent on Tuesday as the dollar rose after Federal Reserve Chairman Jerome Powell pledged to stick with gradual increases in U.S. interest rates despite the added stimulus of tax cuts and government spend...Read More
SANTIAGO, Feb 27 (Reuters) - The board of Chile's Bci bank , the third largest private financial institution in the country, said on Tuesday it will propose a $575 million equity issuance in its next shareholders meeting.In a letter to Chile's market regulator, Bci did not detail what the additional funds would be used for. The proposal comes after a string of acquisitions last December, including...Read More
By Kwasi KpodoACCRA, Feb 27 (Reuters) - Ghana will certify the value of gold exports as part of efforts to tighten controls on the sector to ensure the state receives the revenues it is due, the vice president said on Tuesday.Ghana, Africa's second largest gold miner after South Africa, earned $5.78 billion from exports of the metal last year, up 17.6 percent on 2016, central bank data showed.Vice...Read More
* US, European bond yields rise after Fed chief's comments* Powell says economy, inflation strengthening* Italy-Germany bond yield spread tightens* Euro zone periphery govt bond yields (Recasts with market reaction to Powell)By Dhara Ranasinghe and Fanny PotkinLONDON, Feb 27 (Reuters) - Euro zone government bond yields rose on Wednesday after new Federal Reserve chief Jerome Powell said the U.S. e...Read More
Mr. Nigel Lees reportsSAGE IDENTIFIES NEW VEIN STRUCTURES AT CLAVOSSage Gold Inc. has identified new vein systems at the Clavos property. The company is currently updating its mineral resource estimate, adding several hundred historical and recent drill hole composites from the definition and exploration drilling completed over the past few years.The new resource modelling, which factors in a high...Read More
Mr. Nigel Lees reportsSAGE IDENTIFIES NEW VEIN STRUCTURES AT CLAVOSSage Gold Inc. has identified new vein systems at the Clavos property. The company is currently updating its mineral resource estimate, adding several hundred historical and recent drill hole composites from the definition and exploration drilling completed over the past few years.The new resource modelling, which factors in a high...Read More