CAIRO, Feb 11 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 17.128.1consumerJanuary 21.9prices(year-on-year,pct change) CoreinflatioJanuary 14.3519.86 30.86n (year-on-year,pct change) Foreign January 38.20937.020...Read More
HONG KONG, Feb 11 (Reuters) - Chinese state-owned nuclear company CGN Power Co Ltd said Sunday it plans to raise up to $794 million in a domestic listing on the Shenzhen stock exchange.The firm said in a Hong Kong stock exchange filing it plans to offer no more than 5,049,861,100 new shares at 1 yuan ($0.16) per piece for the listing and will use the proceeds for the construction of nuclear power...Read More
(Adds comments on potential crisis areas, context)DUBAI, Feb 11 (Reuters) - Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the managing director of the International Monetary Fund said on Sunday.Christine Lagarde, speaking at a conference on global business and social trends in Dub...Read More
(Adds economist's first name in par 2)LONDON, Feb 11 (Reuters) - The Bank of England is likely to need to raise interest rates again to tackle inflation but will not do so aggressively, the central bank's chief economist said in a newspaper article published on Sunday.Andy Haldane, on a visit to northeast England, referred to the BoE's statement after its policy meeting on Thursday that interest...Read More
DUBAI, Feb 11 (Reuters) - Sharp fluctuations in global equity markets and other markets in the past few days are not worrying, as global economic growth is strong and available financing is ample, International Monetary Fund managing director Christine Lagarde said on Sunday.But Lagarde, speaking at a Dubai conference on global business and social trends, also said regulators and governments neede...Read More
DUBAI, Feb 11 (Reuters) - Petrochemical shares pulled down Saudi Arabia's stock index in early trade on Sunday but most Gulf markets moved little in response to the latest volatility in global bourses and oil prices at the end of last week.The Saudi index sank 0.9 percent in the first 90 minutes as all 14 petrochemical shares fell, after Brent crude , which two weeks ago was trading around $70 a b...Read More
Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More
LONDON, Feb 11 (Reuters) - The Bank of England is likely to need to raise interest rates to tackle inflation but will not do so in a hasty manner, the central bank's chief economist said in a newspaper article published on Sunday.Haldane, on a visit to northeast England, referred to the BoE's statement after its policy meeting on Thursday that interest rates were likely to need to rise somewhat fa...Read More
(Refiles to clarify date of publication of Japanese media, paragraphs 1 and 5)TOKYO, Feb 11 (Reuters) - Japan's government is considering promoting Bank of Japan's Executive Director Masayoshi Amamiya to one of the bank's two deputy governors, Jiji news agency reported, citing unidentified sources.The government has decided to nominate Haruhiko Kuroda for a rare second term as governor of the cen...Read More
Multiple suspects tried their hand at using a Russian supercomputer to mine cryptocurrency - and it didn't go well.Read full newsRead More
ROUYN NORANDA, QC, Feb. 9, 2018 /CNW/ - Granada Gold Mine Inc. (TSX-V: GGM) (OTCPK: GBBFF) (Frankfurt: B6D) (the 'Company' or 'Granada') announces that it i...Read full newsRead More
VANCOUVER, British Columbia, Feb. 09, 2018-- Sabina Gold & Silver Corp, is pleased to announce the appointment of Mr. Leo Zhao to the Company' s Board of Directors. Zhao joins the Board as Zhaojin International ...Read full newsRead More
But Bitcoin could be so much more than digital gold.Read full newsRead More
BEIJING, Feb 11 (Reuters) - The China Securities Regulatory Commission (CSRC) has started checks on how major shareholders of listed firms are using stock as collateral, part of a broader effort to limit the risks of equity pledges, state-owned Securities Times reported on Sunday.Local CSRC offices in the provinces of Hubei, Sichuan, Anhui and Henan have undertaken checks, the report said, in orde...Read More
DUBAI, Feb 11 (Reuters) - The volatility of global stock markets and oil looks likely to weigh on Gulf bourses on Sunday, with the United Arab Emirates, Qatar and Egypt at risk of foreign fund outflows.The Dow Jones Industrial Average rose 0.4 percent on Friday, but that did not come close to regaining all of Thursday's sharp losses.Meanwhile, Brent oil , which two weeks ago was trading around $70...Read More
To understand the risk of contagion, you can think of the marlin in Hemingway's Old Man and the Sea. The marlin started out as a prize catch lashed to the side of the fisherman Santiago's boat.But, once there was blood in the water, every shark within miles descended on the marlin and devoured it. By the time Santiago got to shore, there was nothing left of the marlin but the bill, the tail and so...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Friday was a disappointing 54-105-131. The TSX Venture Exchange fell five points to 813 while polished diamond prices jumped 0.5 per cent. Tim Fernback's Lico Energy Metals Inc. (LIC) dropped one...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for March delivery lost $1.95 to $59.20 on the New York Merc, while Brent for April lost $2.02 to $62.79 (all figures in this para U.S.). Western Canadian Select traded at a discount of $30.70 to WTI ($28...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $2.60 to $1,315.70 on Friday. The TSX Venture Exchange slid 5.80 points to 813.38 while the TSX Gold Index dropped 3.38 points to 178.36. Most Canadian gold miners lost ground today. Eldorado Gold Corp. (ELD), n...Read More
Jim Rogers stated in an interview with Bloomberg that "the next bear market will be worst in my lifetime," adding that he didn't know when that bear market would occur. The stock market has become insanely overvalued. Before last week, several market-top "bells" were ringing loudly. The stock market could easily drop 50% and, by historical metrics, still be overvalued.Gold, silver and the mining s...Read More