The health of the high street will be the main focus on Friday, with official UK retail sales data due for release at the end of a week that saw UK inflation remain stubbornly higher.On Tuesday, the Office for National Statistics reported that the consumer price index in January remained at 3.0%, stalling at December's level after a slip back from 3.1% in November.But with inflation expected to fa...Read More
Feb 15 (Reuters) - The Japanese government is considering nominating economist Masazumi Wakatabe as one of the deputy governors at the Bank of Japan, Nikkei reported on Thursday, citing sources.Wakatabe, a professor at Waseda University and an advocate of bolder monetary easing, would fill one of the two deputy governor seats that will fall vacant next month, Nikkei reported. The potential choice...Read More
David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), updates Proactive's Andrew Scott on their planned work programmes for 2018."High impact" drilling is slated for the Biscathorpe and Holmwood projects and they're also expecting a new planning application to be made for the stalled Wressle oil field development project. The new documents are due to be submitted to the authorities i...Read More
Mr. Marc Prefontaine reports ORLA ANNOUNCES CLOSING OF BOUGHT DEAL FINANCINGOrla Mining Ltd. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' overallotment option. A total of 17.58 million units of Orla were sold at a price of $1.75 per unit, for aggregate gross proceeds of $30.76-million. Each unit consists of one common share of Orla...Read More
Mr. Marc Prefontaine reports ORLA ANNOUNCES CLOSING OF BOUGHT DEAL FINANCINGOrla Mining Ltd. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' overallotment option. A total of 17.58 million units of Orla were sold at a price of $1.75 per unit, for aggregate gross proceeds of $30.76-million. Each unit consists of one common share of Orla...Read More
Cliff Holloway, chief executive of Scancell Holdings Plc (LON:SCLP), spoke to Proactive soon after taking over as CEO at the immuno-oncology company.Holloway says generating clinical data's a big focus for them in the near-term.''Over the next two years we expect to see clinical readouts from two of our programmes - SCIB1 and Modi-1''.''We'll be extending our pipeline particularly around Moditope...Read More
(Corrects to 250,000 bpd from 200,000 bpd)CARACAS, Feb 15 (Reuters) - Venezuela's president, Nicolas Maduro, said on Thursday the country's oil output was up 250,000 barrels per day at the beginning of 2018.The socialist leader, who is up for re-election in April, also said that a process of bond renegotiation and restructuring was "impeccable."Venezuela is undergoing an economic crisis...Read More
* Zinc hits highest since 2007, nickel a near 3-year high* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Releads, updates with closing prices)By Jan HarveyLONDON, Feb 15 (Reuters) - Copper rose on Thursday as the dollar fell and concerns over inflation prompted a move into hard assets, sparking an early rally across base metals that also saw zinc hit its highest in more than a decade and nickel a n...Read More
Gold skyrocketed yesterday after the US dollar came under massive selling interest. The precious metal broke three resistance (now turned into support) barrier in a row, before eventually stopping at the 1357 hurdle, marked by the peak of the 26th of January. Then, it retreated somewhat. The price is trading above the prior downside resistance line taken from the high of the 25th of January and th...Read More
(Adds detail on sectors)BOGOTA, Feb 15 (Reuters) - Colombia's economy expanded more than the market expected in 2017 compared with the previous year, even as growth remains tepid in Latin America's fourth largest economy, the government said on Thursday. Gross domestic product rose 1.8 percent last year - the lowest in eight years - versus 2 percent during 2016, the government's DANE statistics a...Read More
(Adds industrial production data, analyst comments, updates markets)* Producer price index increases 0.4 percent in January* PPI excluding food, energy, trade rises 0.4 percent* Weekly jobless claims increase 7,000 to 230,000* Industrial production falls 0.1 percent in January By Lucia MutikaniWASHINGTON, Feb 15 (Reuters) - U.S. producer prices accelerated in January, boosted by strong gains in...Read More
MUNICH/FRANKFURT, Feb 15 (Reuters) - Major shareholders in online classified-ads firm Scout24 are selling about 340 million euros ($424 million) worth of stock, bookrunner JP Morgan said on Thursday, accounting for 8.6 percent of the group's total stock.As part of the sale of about 9.25 million shares, U.S. investor Hellman & Friedman would fully exit the company after having listed it about t...Read More
(Kitco News)- Ray Dalio has waded deeper into the gold market as his hedgefund, Bridgewater Associates, increased its position in two of the world’slargest gold-backed exchange traded funds in the fourth quarter, according tofiling with the Securities and Exchange Commission.The filings show that the Hedge fund, which manages about$150 billion in global assets, increased its holdings in SPRD...Read More
(Kitco News) - Don’t expect a strong U.S. dollar this year, said Capital Economics, adding that a reversal in greenback’s expectations will work in favor of higher gold prices.“We have recently decided to abandon our forecast of a stronger dollar this year,” Simona Gambarini, commodities economist at Capital Economics, said in a note published on Thursday. “We now exp...Read More
(Kitco News) - Don’t expect a strong U.S. dollar this year, said Capital Economics, adding that a reversal in greenback’s expectations will work in favor of higher gold prices.“We have recently decided to abandon our forecast of a stronger dollar this year,” Simona Gambarini, commodities economist at Capital Economics, said in a note published on Thursday. “We now exp...Read More
Dr. John-Mark Staude of Riverside reportsRIVERSIDE PROVIDES UPDATE ON EXPLORATION AND DRILLING IN SONORA, MEXICO Riverside Resources Inc. recently completed a partner-financed diamond drilling campaign at the Puerto Alamo target at the 36-square-kilometre Glor gold project. The exploration and drilling work was financed by partner Centerra Gold Inc., as part of its option to earn a 70-per-cent int...Read More
Dr. John-Mark Staude of Riverside reportsRIVERSIDE PROVIDES UPDATE ON EXPLORATION AND DRILLING IN SONORA, MEXICO Riverside Resources Inc. recently completed a partner-financed diamond drilling campaign at the Puerto Alamo target at the 36-square-kilometre Glor gold project. The exploration and drilling work was financed by partner Centerra Gold Inc., as part of its option to earn a 70-per-cent int...Read More
It's been a volatile day of trading on Wall Street following this morning's latest inflation update, with the Dow Jones Industrial Average (DJI) exploring a 311-point range on both sides of breakeven so far. At last check, the blue-chip index was in positive territory, and earlier traded north of 25,000 for the first time since Feb. 7, thanks to a positive earnings reaction for Cisco (CSCO) stock....Read More
Gervaise Heddle, chief executive at Greatland Gold plc (LON:GGP) discusses with Proactive their plans to start a drill programme at the Havieron licence in April.Heddle says they're expecting to encounter a potentially large mineralised system, based on the results of detailed aeromagnetic and ground gravity data. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd., Harvest Minerals L...Read More
* Emerging recovery for segments of global shipping industry* Hedge funds making bets on multiple shipping stocks* Nordic American Tanker and Dryships Inc among popular stocks (Updates with Greywolf background, quote)By Maiya Keidan and Jonathan SaulLONDON, Feb 15 (Reuters) - Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million...Read More