STOCKHOLM, Feb 12 (Reuters) - Swedish fashion retailer H&M dropped plans to ask shareholders to reinvest their dividend payouts in newly issued shares on Monday, saying the move had proved problematic to carry out.Under the original plan, the retailer was set to make the request to its annual general meeting in May in order to help finance investments in analytics and technology and rekindle g...Read More
Vancouver-based MGX Minerals (CSE: XMG) is known for its unconventional mining methods aimed at recovering lithium, nickel, vanadium, and cobalt mostly from waste material from different extractive industries.Without changing the way it operates, the Canadian miner now wants to set foot in the world's second lithium producing country: Chile. Thus, management announced the opening of a field office...Read More
LONDON, Feb 12 (Reuters) - The Bank of England's expectation that it will raise interest rates again could be knocked off course by the approach of Brexit and its impact on confidence in Britain, BoE interest-rate setter Ian McCafferty said on Monday."Our decisions are going to be based ... on how the economy evolves. We have a good deal of uncertainty at the moment. So far the economy is hol...Read More
(Adds trade body, lawyer comments)By Huw JonesLONDON, Feb 12 (Reuters) - Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain's Financial Conduct Authority (FCA) said on Monday.Algorithmic or high-frequency trading uses computers to automatically place an order in financial markets, without human intervention, and represe...Read More
By Gertrude Chavez-DreyfussNEW YORK, Feb 12 (Reuters) - U.S. Treasury yields rose across most maturities on Monday, with benchmark 10-year yields hitting a four-year high, benefiting from strong U.S. economic growth prospects and global central banks normalizing years of easy monetary policy.U.S. 10-year yields, which move inversely to prices, have risen in three of the last five sessions. Since a...Read More
NEW YORK, Feb 12 (Reuters) - Credit Suisse's U.S. economists said on Monday they now expect the Federal Reserve to raise key U.S. short-term borrowing costs four times in 2018, one more than their earlier view for three rate hikes, following last week's U.S. budget agreement. "The FOMC has already boosted their growth outlook for 2018 in light of the tax bill passed in December and we anticip...Read More
By Kate DuguidNEW YORK, Feb 12 (Reuters) - The dollar fell against the euro on Monday following its best week against the single currency in nearly 15 months, as U.S. stocks recovered a bit from the dramatic selloff that saw the S&P 500's sharpest decline in more than two years. The selloff across asset classes forced investors betting against the U.S. currency to unwind their positions. The d...Read More
NEW YORK, Feb 12 (Reuters) - The yield on U.S. five-year Treasury Inflation Protected Securities rose to its highest since 2009 on Monday as concerns about inflation and a rising U.S. budget deficit have stoked a bond market selloff.Rising bond yields, with the 10-year Treasury yield hitting a four-year peak near 3 percent, have rattled stock markets around the world last week, slashing about $8 t...Read More
David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive ongoing reverse circulation drilling at the Mina do Barroso lithium project in Portugal continues to return significant intersections of lithium mineralisation.The drilling is designed to build upon the existing JORC resource of 32,000t of Li2O already defined at the Reservatorio deposit, one of three targets curren...Read More
* Investors in wait and see mode on Zuma's fate* Rand volatile, briefly touches one pct* Stocks recover from over-sold levels (Adds stocks, trader comment)JOHANNESBURG, Feb 12 (Reuters) - South Africa's rand briefly traded one percent firmer on Monday after local media reported that President Jacob Zuma had agreed to step down, before surrendering those gains after the presidential spokesman dismi...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Adds new quote, details, updates prices)By Jemima Kelly and Tommy WilkesLONDON, Feb 12 (Reuters) - Sterling slipped back towards a three-week low against the dollar on Monday, weighed down by uncertainty among investors over whether Britain would succeed in securing a post-Brexit transition period. The pound sk...Read More
WASHINGTON, Feb 12 (Reuters) - For details of the U.S. Treasury's auction of cash management bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can g...Read More
WASHINGTON, Feb 12 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee...Read More
NEW YORK, Feb 12 (Reuters) - U.S. inflation expectations edged lower last month, dulling a year-end rise, according to a Federal Reserve Bank of New York survey published on Monday as financial markets looked to such price measures for direction after a choppy trading week.The survey of consumer expectations, which the Fed considers among other data as it continues to gradually raise interest rate...Read More
David Price, chief executive of Papua Mining PLC (LON:PML), tells Proactive the real focus for them at the moment is firmly on their Lighthouse project in Queensland, Australia.''We've accumulated ground around us in three different acquisitions recently .. and we're identifying vacant ground that has historical prospects on and we're slowly accumulating that ground holding because we f...Read More
(Kitco News) - Goldprices are trading with double-digit gains in late-morningactivity Monday. The safe-haven metal isseeing increased buying interest as the U.S. stock indexes have backed way offtheir overnight highs, with volatility increasing in the indexes. April Comex gold was last up $10.30 an ounce at $1,326.00. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.kitco.com...Read More
(Kitco News)- The biggest one-day point drop inequity-market history last week wasn’t enough to keep hedge funds intraditional safe-haven assets gold and silver, according to the latest tradedata from the commodity futures trading commission.Analysts have been warning forseveral weeks that a momentum shift was coming in precious metals. Particularlyin gold, the market has been seen as overva...Read More
Mr. Antonio Berlanga reportsTELSON ANNOUNCES CAMPO MORADO MINE 2017 STARTUP OPERATIONAL RESULTS OF 2.4 MONTHS OF DEVELOPMENT, PREPRODUCTION AND INITIAL CONCENTRATE SALESTelson Resources Inc. has successfully startedpreproduction development mining and processing at its 100-per-cent-owned Campo Morado mine in Guerrero, Mexico. Preproduction test milling operations started on Oct. 14, 2017, and the...Read More
Mr. Antonio Berlanga reportsTELSON ANNOUNCES CAMPO MORADO MINE 2017 STARTUP OPERATIONAL RESULTS OF 2.4 MONTHS OF DEVELOPMENT, PREPRODUCTION AND INITIAL CONCENTRATE SALESTelson Resources Inc. has successfully startedpreproduction development mining and processing at its 100-per-cent-owned Campo Morado mine in Guerrero, Mexico. Preproduction test milling operations started on Oct. 14, 2017, and the...Read More
Walt Disney Co (NYSE:DIS) is making headlines today, after entertainment giant said it is raising prices for some of its theme park tickets. The company also announced a licensing deal with Alibaba (BABA), which will provide Disney content to BABA's Youku video streaming platform. At last check, the stock had erased its earlier gains to trade down 0.1% at $102.95.The stock has not had a great ye...Read More