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UPDATE 1-Dutch energy company Eneco to be privatised after boards, owners agree

February 16, 2018 / www.kitco.com

* Sales process to begin quickly, but no time frame given* Condition of sale that company retain its "green" profile* Boards, shareholders both satisfied with arbitration (Updates with details, background)By Toby SterlingAMSTERDAM, Feb 16 (Reuters) - Dutch energy company Eneco, valued at up to 4 billion euros ($5 billion), will be privatised after its municipal shareholders and managemen...Read More

NioCorp's product suite at its Elk Creek superalloy metals mine proposed as "critical minerals" under Trump initiative

February 16, 2018 / www.mining.com

CENTENNIAL, Colo., Feb. 16, 2018 (GLOBE NEWSWIRE) - NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) today praised the Trump Administration for proposing that NioCorp's entire planned product suite of three superalloy metals - niobium, scandium, and titanium - be considered as "Critical Minerals" under President Trump's December 20, 2017 Executive Order a...Read More

UPDATE 1-Mexican broadcaster Televisa to sell stake in Spanish media group

February 16, 2018 / www.kitco.com

(Adds share price)MEXICO CITY, Feb 16 (Reuters) - Shares of Mexican broadcaster Televisa surged on Friday after the company announced it had reached an agreement to sell its 19 percent stake in Imagina, a Spanish media group, for 284 million euros (6.558 billion pesos).Televisa, the biggest producer of content in Spanish, said it plans to sell certain operations that are no longer strategic to fo...Read More

UPDATE 1-South African rand's Ramaphosa rally pauses ahead of key speech

February 16, 2018 / www.kitco.com

* Rand eases slightly on profit-taking ahead of speech* Stocks fall amid profit taking (Adds latest prices)JOHANNESBURG, Feb 16 (Reuters) - South Africa's rand surrendered some gains on Friday but remained near its three-year best ahead of Cyril Ramaphosa's maiden state of the nation address after he was sworn in as the country's president. Stocks fell on Friday amid profit-taking after the main i...Read More

Daily forecast from February 16: EURUSD, Gold, Oil, Gas

February 16, 2018 / www.fxstreet.com

EURUSD An downtrend will start as soon, as the market drops below support level 1.2490, which will be followed by a move down to support level 1.2450 and 1.2378.An uptrend will start as soon as the market rises above resistance level 1.2550, which will be followed by a move up to resistance level 1.2640. GOLD The market is trading along an uptrend with target on 1365, that may be expected to cont...Read More

Analyst Predicts More Record Highs for Nike Stock

February 16, 2018 / www.schaeffersresearch.com

Nike Inc (NYSE:NKE) stock is up 0.9% to trade at $68.88, and earlier tagged a new record high of $68.98, after the shoe giant received a price-target hike to $80 from $74 at Stifel -- a roughly 16% premium to its current perch. Nike shares are now up 4.9% week-to-date, and on track for their best weekly performance since Dec. 15. This positive price action is just more of the same for NKE stock,...Read More

TREASURIES-Prices rise after selloff, in line with foreign bonds

February 16, 2018 / www.kitco.com

(Recasts, adds analyst comment, table, byline, updates prices in text)By Gertrude Chavez-DreyfussNEW YORK, Feb 16 (Reuters) - U.S. Treasury prices rose on Friday, as investors bought back bonds after a selloff earlier in the week spurred by robust U.S. inflation data that raised the possibility the Federal Reserve may hike interest rates at a faster pace than expected.U.S. benchmark 10-year yields...Read More

US STOCKS-Wall St see-saws as momentum slows after 5-day rally

February 16, 2018 / www.kitco.com

* Jan. homebuilding data jump to more than 1-year high* Indexes up: Dow 0.13 pct, S&P 0.02 pct, Nasdaq 0.02 pct* So far this week: Dow, S&P up over 4 pct, Nasdaq 5.6 pct* Healthcare stocks lead gainers on S&P, Dow (Updates to open)By Sruthi ShankarFeb 16 (Reuters) - U.S. stocks swung between losses and gains on Friday as lower U.S. crude oil prices and disappointing earnings reports fr...Read More

RT @zerohedge: Russia Is Taking Over Syria's Oil And Gas

February 16, 2018 / www.zerohedge.com

In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria.Read full newsRead More

CANADA STOCKS-TSX little changed as energy companies tempered by gold sector

February 16, 2018 / www.kitco.com

(Adds details, stocks, updates prices)Feb 16 (Reuters) - Canada's main stock index was little changed on Friday as a boost from the heavyweight energy sector was offset by a decline in gold and natural resource companies, as well as cannabis producers.* At 10:08 a.m. EST (1508 GMT), the Toronto Stock Exchange's S&P/TSX composite index was off 1.3 points, or 0.01 percent, at 15,406.36.* The en...Read More

UPDATE 1-Britain's financial watchdog refuses to publish report on RBS

February 16, 2018 / www.kitco.com

(Adds more detail, committee response)By Emma Rumney and Lawrence WhiteLONDON, Feb 16 (Reuters) - Britain's financial watchdog said it would not publish the full report into Royal Bank of Scotland Group's treatment of small businesses, but instead sent a copy of the report to lawmakers on Friday.The cross-party Treasury Select Committee had given the Financial Conduct Authority a deadline of Frid...Read More

Walmart in Focus Amid Flipkart, Earnings Buzz

February 16, 2018 / www.schaeffersresearch.com

Retail behemoth Walmart Inc (NYSE:WMT) will step into the earnings confessional ahead of the opening bell on Tuesday, Feb. 20 -- when U.S. stocks resume trading after the long holiday weekend. In early trading today, WMT shares are in the spotlight amid reports of a bigger-than-expected footprint overseas, as well as upbeat analyst attention. Reuters reported that Walmart is in talks to buy a more...Read More

Buy Signal Says Now's the Time to Trade Seagate Technology Calls

February 16, 2018 / www.schaeffersresearch.com

Shares of data storage specialist Seagate Technology PLC (NASDAQ:STX) pulled back along with the rest of the equities market in early February, but data from Schaeffer's Senior Quantitative Analyst Rocky White suggests you should definitely buy this dip. In fact, STX just sent up a buy signal that has never once failed, according to White.Specifically, he screens for stocks that have pulled back t...Read More

Acacia Mining admits in talks with Chinese over potential sale of Tanzania assets

February 16, 2018 / www.mining.com

Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, which has been hit hard by a long-running dispute with the government of the East African nation, is mulling the sale of stakes in some or all of its operations in that country.In response to media speculation on the matter, the company said it was "engaging with a small number of potential investors" over the potential deal, adding it ad...Read More

Acacia Mining admits in talks with Chinese over potential sale of Tanzania assets

February 16, 2018 / www.mining.com

Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, which has been hit hard by a long-running dispute with the government of the East African nation, is mulling the sale of stakes in some or all of its operations in that country.In response to media speculation on the matter, the company said it was "engaging with a small number of potential investors" over the potential deal, adding it ad...Read More

Acacia Mining admits in talks with Chinese over potential sale of Tanzania assets

February 16, 2018 / www.mining.com

Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, which has been hit hard by a long-running dispute with the government of the East African nation, is mulling the sale of stakes in some or all of its operations in that country.In response to media speculation on the matter, the company said it was "engaging with a small number of potential investors" over the potential deal, adding it ad...Read More

Mining sector unloved as investors find it hard to trust

February 16, 2018 / www.kitco.com

* Assets under management rose in 2016, shrank in 2017* Sustained dividends would build trust* Survey finds investors underweight on mining* GRAPH: Big miners' enterprise value By Clara Deninaand Barbara LewisLONDON, Feb 16 (Reuters) - Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive dev...Read More

UPDATE 3-Co-owners of Russia's Nornickel back in fight for control

February 16, 2018 / www.kitco.com

* Potanin offered to buy Abramovich's stake in Nornickel* Rusal seeks injunction in London court* Nornickel shares fall sharply in Moscow (Adds detail on London hearings, comment from source)By Polina Devitt, Alistair Smout and Peter HobsonMOSCOW/LONDON, Feb 16 (Reuters) - A power struggle over Norilsk Nickel (Nornickel) resurfaced on Friday as billionaire Vladimir Potanin offered to buy Roman Abr...Read More

Gold Stocks Have Some Serious Catching Up To Do

February 16, 2018 / www.kitco.com

In last week’s missive, I mentioned the probability of anear-term bounce in gold stocks, based on how over-sold the sector had becomeduring “panic week” in the global marketplace. A few hours after the articlewas posted and with the GDX down a further 3% last Friday, the last fifteenminutes of trade in the major miner ETF was bought heavily back to unchanged onthe day. The late r...Read More

Britain's financial watchdog refuses to publish report on RBS

February 16, 2018 / www.kitco.com

LONDON, Feb 16 (Reuters) - Britain's financial watchdog said it would not publish the full report into Royal Bank of Scotland Group's treatment of small businesses, but instead sent a copy of the report to lawmakers on Friday.The cross-party Treasury Select Committee had given the Financial Conduct Authority a deadline of Friday to either publish the report, which details RBS's much-criticised tre...Read More

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