Recent News

Here Is Why Gold Bulls Should Be Eyeing $1,375 Level

February 25, 2018 / www.kitco.com

(Kitco News) - Many experts are wondering why gold hasn’t broken out yet, especially in light of rising inflation fears, but one analyst says the $1,375 level is what it’s all about.The key resistance this year has been the $1,375 target, said Matt Maley, equity strategist at Miller Tabak, adding that gold has been testing this level during the last couple of years, but was unable to s...Read More

CORRECTED-PRESS DIGEST- British Business - Feb 26

February 25, 2018 / www.kitco.com

(Corrects to remove old news item)Feb 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Rolls-Royce Holdings Plc was in a battle for survival during the depths of its financial crisis in 2015 and 2016 with revelations about long-running corruption that led to record...Read More

RPT-UPDATE 2-China's Jan home prices rise even as top cities register decline

February 25, 2018 / www.kitco.com

(288)* China's Jan average new home prices rise 5 pct y/y* Jan new home prices +0.3 pct m/m - Reuters calculations* Beijing's prices +0.2 pct m/m, Shanghai and Guangzhou -0.4 pct* Tier-one cities' prices decline, first drop in more than 2 years By Josephine Mason and Pei LiBEIJING, Feb 24 (Reuters) - China's new home prices grew in January although major cities saw early signs of softening, as t...Read More

China Stocks-Factors to watch on Monday

February 25, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC +0.6 pct, CSI300 +0.5 pct, HSI +1.0 pct* HK->Shanghai Connect daily quota used 9.5 pct, Shanghai->HK daily quota used 18.2 pct* HK->Shenzhen Connect daily quota used 5.3 pct, Shenzhen->HK daily quota used 13.2 pct* CNY official close 6.3379 per dollar* FTSE China A50 +0.8 pct, BNY Mellon ADR China Select Index +1.6 pct SHANGHAI, Feb 26 (Reuters)...Read More

DIARY-Government Debt Auctions to March 30

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 26-FebItaly Bills auction 27-FebJapan Auction of 2-year government bonds 27-FebItaly Medium-long term auction 27-FebBelgium Auction of Treasury bills 28-FebGermany Auction of 1...Read More

DIARY-Emerging Markets Economic Events to April 30

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------TUESDAY, FEBRUARY 27 YEREVAN, Armeni...Read More

UK services businesses enjoy first profit rise in in 2 years-CBI

February 25, 2018 / www.kitco.com

LONDON, Feb 26 (Reuters) - Businesses in Britain's dominant services sector reported the first rise in profits in more than two years during the past quarter, industry figures showed on Monday, in a contrast with downbeat official data released last week.The Confederation of British Industry said volumes in the services sector as a whole grew at the fastest pace since August 2015 in the three mont...Read More

DIARY-Top Economic Events to April 26

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 26 BRUSSELS - ECB Pr...Read More

UPDATE 1-Shareholders in Brazilian meatpacker BRF seek management shake-up

February 25, 2018 / www.kitco.com

(Adds statement by Previ pension fund, paragraph 8)SAO PAULO, Feb 25 (Reuters) - The two largest shareholders in Brazilian food processing company BRF SA called on Sunday for an extraordinary shareholders meeting to replace the firm's entire board of directors, following its worst annual results ever.Pension funds Petros and Previ said in statements that they asked the board chaired by Abilio Din...Read More

Australia's Newcrest Mining Buys Stake In Canada's Lundin Gold For $250 Mln

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc.Newcrest said the total $400 million to be raised by Lundin Gold would be used to develop Lundin’s Fruta del Norte gold mine in Ecuador.Newcrest also said it signed a joint venture with Lundin to earn up to 50 percent direct interest in eight Ecuadoran...Read More

UPDATE 2-Australia's Newcrest buys stake in Canada's Lundin Gold for $250 mln

February 25, 2018 / www.kitco.com

* Newcrest raises exposure in Ecuador* Miner to buy 27.1 pct stake in Lundin for $250 million* Deal includes JV to tap Ecuador explorers (Adds analyst comment, detail)MELBOURNE, Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth.The stake...Read More

REG-Lucara Announces Board and Management Changes LUC.TO

February 25, 2018 / www.kitco.com

For best results when printing this announcement, please click on link below: Vancouver, Feb. 25, 2018 (GLOBE NEWSWIRE) --Lucara Diamond Corp. ("Lucara" or the "Company") wishes to announcethat effective today, William Lamb will be retiring as Lucara's ChiefExecutive Officer and stepping down from the Board of Directors. Eira Thomas,a founder and director of the Company will be assuming the...Read More

UPDATE 2-Australia's Newcrest buys stake in Canada's Lundin Gold for $250 mln

February 25, 2018 / www.kitco.com

* Newcrest raises exposure in Ecuador* Miner to buy 27.1 pct stake in Lundin for $250 million* Deal includes JV to tap Ecuador explorers (Adds analyst comment, detail)MELBOURNE, Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth. The sta...Read More

REG-Lucara Diamond Announces Acquistion of Clara Diamond Solutions Corporation LUC.TO

February 25, 2018 / www.kitco.com

For best results when printing this announcement, please click on link below: Vancouver, Feb. 25, 2018 (GLOBE NEWSWIRE) --Lucara Diamond Corp. ("Lucara" or the "Company") wishes to announcethe acquisition of Clara Diamond Solutions Corp. ("Clara"), a companywhose primary asset is a secure, digital sales platform that will transformhow rough diamonds are sold, unlocking value for diamond producers...Read More

UPDATE 1-Asia Morning Call-Global Markets

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,999.80 45.919NZX 50**8,331.90 30.18DJIA**25,309.99347.51NIKKEI**21,892.78156.34Nasdaq**7,337.390127.304 FTSE**7,244.41 -7.98S&P 500** 2,747.343.34 Hang Seng** 31,267.17301.49SPI 200 Fut 6,00431.00 STI** 3,533.22 44.76SSEC**3,289.0241 20.4652 KOSPI** 2,451.52 37.24---------------------------------------------------...Read More

Australia's Newcrest Mining buys stake in Canada's Lundin Gold for $250 mln

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc . Newcrest said the total $400 million to be raised by Lundin Gold would be used to develop Lundin's Fruta del Norte gold mine in Ecuador.Newcrest also said it signed a joint venture with Lundin to earn up to 50 percent direct interest in eight Ecuadoran ex...Read More

Australia's Newcrest Mining buys stake in Canada's Lundin Gold for $250 mln

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc . Newcrest said the total $400 million to be raised by Lundin Gold would be used to develop Lundin's Fruta del Norte gold mine in Ecuador.Newcrest also said it signed a joint venture with Lundin to earn up to 50 percent direct interest in eight Ecuadoran exp...Read More

Australia shares poised to open higher; NZ up

February 25, 2018 / www.kitco.com

Feb 26 (Reuters) - Australian shares are seen opening higher on Monday, tracking a recovery on Wall Street as worries over a possible quickening of interest rate hikes dissipated. The local share price index futures rose 0.5 percent or 31 points to 6,004, a 4.2-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.8 percent on Friday.New Zealand's benchmark S&P/NZX...Read More

Shareholders in Brazilian meatpacker BRF seek management shake-up

February 25, 2018 / www.kitco.com

SAO PAULO, Feb 25 (Reuters) - Petros pension fund said on Sunday it was calling on Brazilian food processing company BRF SA to hold an extraordinary shareholders meeting to dismiss the firm's entire board of directors following its worst annual results ever.Petros said in a statement that along with the Previ pension fund and other shareholders, it asked the board chaired by Abilio Diniz to call t...Read More

White House: Talks With North Korea Must Lead To Ending Nuclear Program

February 25, 2018 / www.kitco.com

Yuna Park, Roberta RamptonSEOUL/WASHINGTON (Reuters) - The White House said any talks with North Korea must lead to an end to its nuclear program after senior officials from Pyongyang visiting South Korea said on Sunday their government was open to talks with the United States.The North Korean delegation, in Pyeongchang for the closing ceremony of the Winter Olympics, met at an undisclosed locatio...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok