Recent News

South Korea Launches WTO Trade Challenge Against U.S. Duties

February 20, 2018 / www.kitco.com

Tom MilesGENEVA (Reuters) - South Korea has launched a wide-ranging complaint at the World Trade Organization to challenge the U.S. use of anti-subsidy and anti-dumping duties, citing their use on steel and transformers, a WTO filing showed on Tuesday.The United States has 60 days to settle the issue, after which time South Korea could ask the WTO to adjudicate.The complaint targets U.S. trade law...Read More

Relax And Invest, Saudi Prince Tells Investors After Corruption Crackdown

February 20, 2018 / www.kitco.com

Stephen Kalin, Marwa Rashad, Tom ArnoldRIYADH/DUBAI (Reuters) - Three months after Saudi Arabia detained scores of people in a crackdown on corruption, its rulers are trying to reassure investors that the kingdom remains open for business.Foreign and local investors have long complained about corruption, and confronting it is an important part of reforms unveiled by Crown Prince Mohammed bin Salma...Read More

Dow, S&P Win Streaks Snapped; Gold Slides

February 20, 2018 / www.schaeffersresearch.com

The Dow was pressured lower today mainly due to poorly received earnings from blue chip Walmart (WMT), resulting in the index's first loss in seven sessions. It was a similar setup for the S&P 500, while the Nasdaq failed to benefit from a strong rally in tech stocks -- with chipmakers fueling the sector-wide charge after Qualcomm (QCOM) upped its bid for NXP Semiconductors (NXPI). Rising Treasury...Read More

UPDATE 1-Asia Morning Call-Global Markets

February 20, 2018 / www.kitco.com

Feb 21 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,940.90.700 NZX 50**8,098.27 -16.98DJIA**24,964.75-254.63 NIKKEI**21,925.1 -224.11Nasdaq**236.544-2.922FTSE**7,246.77 -0.89S&P 500** 2,717.30 -14.92Hang Seng** 30,873.63-241.80SPI 200 Fut 5,877-28.00STI** 3,476.53 -11.35SSEC**3,199.4757 14.52 KOSPI** 2,415.12 -27.70--------------------------------------------------...Read More

UPDATE 1-Sweden's Jan inflation "disappointingly" weak - cbank's Floden

February 20, 2018 / www.kitco.com

(Adds comment, background)NEW YORK, Feb 20 (Reuters) - Sweden's inflation data for January was "disappointingly" weak, one of the central bank's deputy governors said on Tuesday, as policymakers weigh up a possible first hike in interest rates since 2011.Data released earlier on Tuesday showed annual inflation in Sweden last month stood at 1.7 percent, lower than forecast by both policy...Read More

Telson Featured on J Taylor's Gold, Energy & Tech Stocks

February 20, 2018 / bit.ly

Telson Resources Inc (TSXV:TSN, OTCBB:SOHFF) recently got featured in the monthly publication J Taylor's Gold, Energy & Tech Stocks.Read full newsRead More

Australia shares set to fall; NZ ticks up

February 20, 2018 / www.kitco.com

Feb 21 (Reuters) - Australian shares are expected to slip at Wednesday's open as metal prices on the London Metal Exchange continued to weaken.Copper edged down 0.4 percent on Tuesday, while aluminium fell 1.3 percent.Australian share price index futures fell about 0.5 percent, or 28 points, to 5,877, a 63.9-point discount to the underlying S&P/ASX 200 index close. The benchmark was flat on Tu...Read More

UPDATE 1-Ireland could consider boosting borrower protections in loan sales

February 20, 2018 / www.kitco.com

* Opposition party seeks to extend regulation on loan sales* Government says changes must be in line with cutting NPLs* 3.7 bln euro portfolio includes 14,000 homeowner loans (Adds PTSB details on loan sale)By Padraic HalpinDUBLIN, Feb 20 (Reuters) - Ireland could consider boosting protection for borrowers whose loans are sold to unregulated funds, Prime Minister Leo Varadkar said on Tuesday, amid...Read More

US STOCKS SNAPSHOT-Wall St winning streak ends as Walmart drags on Dow, S&P

February 20, 2018 / www.kitco.com

NEW YORK, Feb 20 (Reuters) - The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq hold near the unchanged mark.The Dow Jones Industrial Average fell 256.62 points, or 1.02 percent, to 24,962.76, the S&P 500 lost 15.98 points, or 0.58 percent, to 2,716.24 and the Nasdaq C...Read More

Bitcoin Nearly Doubles In Value From Year's Low Hit In Early February

February 20, 2018 / www.kitco.com

Gertrude Chavez-DreyfussNEW YORK (Reuters) - Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea’s financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exchanges.Analysts cited South Korean news agency Yonhap, which reported Choe He...Read More

TREASURIES-U.S. Treasury yields increase on supply worries

February 20, 2018 / www.kitco.com

* U.S. sells $28 bln 2-year notes to lukewarm demand* U.S. 5-year yield hits near 8-year peak before supply* Traders await Fed Jan 30-31 minutes on rate-hike clues* Wall Street losses stoke safe-haven bids for bonds (Updates late market action on Wall Street losses)By Richard LeongNEW YORK, Feb 20 (Reuters) - U.S. Treasury yields rose on Tuesday with the benchmark 10-year yield hovering near a fou...Read More

FOREX-Dollar extends recovery from three-year lows as yields rise

February 20, 2018 / www.kitco.com

* Dollar index hits six-day high* U.S. Treasury auctions seen as test of investors' appetite (Updates prices, market activity; adds comment)By Saqib Iqbal AhmedNEW YORK, Feb 20 (Reuters) - The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, helped by rising U.S. Treasury yields and as some traders trimmed overstret...Read More

Knick's Active Talks Ongoing

February 20, 2018 / bit.ly

Knick Exploration Inc. (TSXV:KNX) wishes to inform its shareholders that although things seem quiet, they are not. At present, potential business deals are under discussion on the company's main assets.Read full newsRead More

TREASURIES-U.S. Treasury yields rise on supply worries

February 20, 2018 / www.kitco.com

* U.S. sells $28 bln 2-year notes to lukewarm demand* U.S. 5-year yield hits near 8-year peak before supply* Traders await Fed Jan 30-31 minutes on rate-hike clues (Updates market action, adds quote)By Richard LeongNEW YORK, Feb 20 (Reuters) - U.S. Treasury yields rose on Tuesday with the benchmark 10-year yield hovering near a four-year peak as investors made room for this week's deluge of $258 b...Read More

Puerto Rico utility gets $300 mln after truce with creditors

February 20, 2018 / www.kitco.com

By Jim ChristieFeb 20 (Reuters) - Puerto Rico's beleaguered electric utility has received court approval to borrow $300 million to help pay expenses, well below the $1.3 billion initially sought but enough to avert power outages it had warned about.On Monday, U.S. District Court Judge Laura Taylor Swain approved the loan which had been opposed by creditors of the U.S. commonwealth and its utility,...Read More

High-Profile Partnership Sends Voyager Therapeutics Stock to Top of Nasdaq

February 20, 2018 / www.schaeffersresearch.com

U.S. stocks are struggling today, with the S&P 500's winning streak in jeopardy. Among individual names, pharmaceutical stock Adamas Pharmaceuticals Inc (NASDAQ:ADMS) is sinking, while drugmaker Voyager Therapeutics Inc (NASDAQ:VYGR) and integrated circuit specialist Analog Devices, Inc. (NASDAQ:ADI) are surging higher. Here's a closer look at what shares of ADMS, VYGR, and ADI are reacting to...Read More

BriaCell reports positive clinical data for breast cancer targeted immunotherapy

February 20, 2018 / www.proactiveinvestors.com

Bill Williams, President and CEO of BriaCell Therapeutics (CVE: BCT) tells Proactive Investors they believe they will literally "change the face of cancer immunotherapy."Williams says BriaCell's approach is unique in that they have a personalized "off the shelf" approach to immunotherapy for cancer, targeting advanced breast cancer.  Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd.,...Read More

Denying bribery claim, central bank head says crisis a key moment for Latvia

February 20, 2018 / www.kitco.com

RIGA, Feb 20 (Reuters) - Latvian central bank governor Ilmars Rimsevics on Tuesday reaffirmed his denial of a bribery allegation made against him by the Russian owner of a local bank, and said he would not resign.The crisis unleashed on Latvia's financial sector by the allegation and a money laundering inquiry against its third biggest lender marked "a very important moment" for the coun...Read More

Argentina posts January primary fiscal surplus of 3.9 bln pesos

February 20, 2018 / www.kitco.com

BUENOS AIRES, Feb 20 (Reuters) - Argentina's government posted a primary fiscal surplus of 3.9 billion pesos ($200 million) in January, up 10 percent from January 2017 when it had collected unusually high revenues due to a tax amnesty program, the Treasury Ministry said on Tuesday.President Mauricio Macri is aiming to cut the primary deficit to 3.2 percent of gross domestic product this year.Inclu...Read More

Swedish cbank's Floden: change in Feb statement wording "unproblematic"

February 20, 2018 / www.kitco.com

NEW YORK, Feb 20 (Reuters) - Swedish central bank Deputy Governor Martin Floden said on Tuesday a decision at the latest policy meeting to tweak guidance for the next rate hike had not been difficult.The Riksbank last week kept rates unchanged and said it expected a cycle of hikes to kick off "during the second half of the year", against earlier guidance for the middle of the year. "...Read More

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