(Kitco News) - Goldprices have lost some of their modest early gains during morningU.S. trading action Friday. A rebound in the U.S. dollar index after it dropped to a three-year low overnight is slightly pressuring theyellow metal. Also, some mild profit-taking from this week's big gains, headinginto a three-day U.S. holiday weekend, is also featured in gold. The U.S. stockmarket is coming under...Read More
(Kitco News) - Gold prices have lost some of their modest early gains during morning U.S. trading action Friday. A rebound in the U.S. dollar index after it dropped to a three-year low overnight is slightly pressuring the yellow metal. Also, some mild profit-taking from this week's big gains, heading into a three-day U.S. holiday weekend, is also featured in gold. The U.S. stock market is coming...Read More
Feb 16 (Reuters) - Canada's main stock index edged up on Friday as gains in the heavyweight energy sector offset declines among natural resource and gold producers.*Shortly after the opening bell, the Toronto Stock Exchange's S&P/TSX composite index was up 11.45 points, or 0.07 percent, at 15,419.11. (Reporting by Leah Schnurr Editing by Chizu Nomiyama) Disclaimer: The views expressed in this...Read More
In last week’s missive, I mentioned the probability of a near-term bounce in gold stocks, based on how over-sold the sector had become during “panic week” in the global marketplace. A few hours after the article was posted and with the GDX down a further 3% last Friday, the last fifteen minutes of trade in the major miner ETF was bought heavily back to unchanged on the day. The l...Read More
* Annual capital spending will pass prior peak by 2023* Irish PM says plan will help insulate economy from Brexit* New regeneration agency set up to boost housing supply By Graham FahyDUBLIN, Feb 16 (Reuters) - Ireland unveiled a 10-year capital investment programme on Friday that will continue to ramp up spending to ease bottlenecks in housing, health and transport and keep pace with the fastest...Read More
Brio Gold Inc. (TSX: BRIO)says it has agreed to an increased offer to be bought in an all-stock deal byLeagold Mining Corp. (TSX: LMC).Leagold announced an intention to make a takeover bid for Brio last month. Thecombined company will be an intermediate gold producer, with four operatingmines and an advanced-stage development project, which are located in Mexicoand Brazil. The merged company...Read More
Brio Gold Inc. (TSX: BRIO) says it has agreed to an increased offer to be bought in an all-stock deal by Leagold Mining Corp. (TSX: LMC). Leagold announced an intention to make a takeover bid for Brio last month. The combined company will be an intermediate gold producer, with four operating mines and an advanced-stage development project, which are located in Mexico and Brazil. The merged co...Read More
Feb 16 (Reuters) - Wall Street's main indexes opened lower on Friday, led by losses in financial and technology stocks, but are on course to end with strong weekly gains as they rebound from last week's sell-off.The Dow Jones Industrial Average fell 51.11 points, or 0.2 percent, to 25,149.26. The S&P 500 lost 6.09 points, or 0.22 percent, to 2,725.11. The Nasdaq Composite dropped 20.97 points,...Read More
AMSTERDAM, Feb 16 (Reuters) - The municipal shareholders and supervisory board of Dutch energy company Eneco have reached an agreement on the conditions under which the company may be sold, according to a joint statement published on Friday.Eneco's owners - a group of 53 cities with Rotterdam holding the largest stake - had been demanding a sale of the company, which is valued at around 4 billion...Read More
The Coca-Cola Co (NYSE:KO) stock has shot 2.4% higher in electronic trading, after the beverage giant reported fourth-quarter adjusted earnings of 39 cents per share on $7.5 billion in revenue -- better than analysts were expecting. This marks the eighth quarter in a row Coke has beat on the top and bottom lines, with the latest results reflecting higher sales of teas, coffees, and vitamin waters....Read More
Sam Spring, president and chief executive of Kincora Copper Ltd (CVE:KCC), discusses with Proactive's Andrew Scott the first phase results from their 22-hole drilling programme at three targets in the Southern Gobi, Mongolia.The review of the West Kasulu prospect at the flagship Bronze Fox asset supported an exploration target of 416mln to 428mln tonnes, grading 0.26% to 0.30% copper for up to 2,4...Read More
Dow Jones Industrial Average (DJI) futures are trading modestly above fair value, and hinting at their sixth straight daily win, with the blue chips eyeing their best weekly percentage gain since November 2016 -- the first week of the "Trump rally." S&P 500 Index (SPX) futures are also pointing to a positive session, and another advance today would mark the index's longest winning streak since t...Read More
* Coca-Cola, Deere gain after strong results* Jan. homebuilding data jump to more than 1-year high* Futures dip: Dow 10 pts, S&P 1.25 pts, Nasdaq 1.25 pts* So far this week: Dow, S&P up over 4 pct, Nasdaq 5.6 pct (Adds comment, details, updates prices)By Sruthi ShankarFeb 16 (Reuters) - Wall Street was set to open little changed on Friday, but is on course to end with strong weekly gains,...Read More
LONDON, Feb 16 (Reuters) - Zambia's dollar-denominated bonds fell broadly across the curve on Friday after the International Monetary Fund (IMF) rejected the country's latest borrowing plans. The 2027 bond lost 2.5 cents to trade at 105 cents, its lowest level since July, according to Thomson Reuters data.Zambia had hoped to have a $1.3 billion loan agreement with the IMF completed early this year...Read More
Shares of San Diego-based Apricus Biosciences Inc (NASDAQ:APRI) are getting hammered this morning, after the U.S. Food and Drug Administration (FDA) once again declined to approve its Vitaros erectile dysfunction cream. Regulators cited safety concerns regarding an ingredient in the drug known as DDAIP.HCI, and also pointed to "deficiencies related to Chemistry, Manufacturing and Control," per a c...Read More
Michael Masterman, chairman of W Resources PLC (LON:WRES), tells Proactive they've secured a US$35mln loan which fully funds the La Parrilla mine development.BlackRock Financial Management is providing the loan, which will have a five year schedule term (with the option for early repayment) and it has an average interest rate of 12.6%.The lender will also receive an upfront fee as well as share wa...Read More
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STOCKHOLM, Feb 16 (Reuters) - Swedish banking group Nordea's lowered its estimate on Friday of the cost savings from moving its headquarters to Finland from Sweden.Nordea, the Nordic region's biggest bank and one of the biggest in Europe, decided last year to move its headquarters to Finland after Sweden announced plans for a bank tax and because it wanted a level playing field with rivals supervi...Read More
U.S. equities are trying fortheir sixth consecutive up day, cutting the panic losses in half. This rally isabout a phony as one can be, with the fear of missing out driving this markethigher. The debt is mounting, as is the U.S. dollar manipulation, which islending support to some of the commodities, especially gold.Overnight gold attempted to breakout above the recent highs but failed. Gold is on...Read More
U.S. equities are trying for their sixth consecutive up day, cutting the panic losses in half. This rally is about a phony as one can be, with the fear of missing out driving this market higher. The debt is mounting, as is the U.S. dollar manipulation, which is lending support to some of the commodities, especially gold. Overnight gold attempted to break out above the recent highs but failed. Gold...Read More