Sound Energy PLC (LON:SOU) has laid out an exploration programme for 2018 that is set to deliver several potential value-adding catalysts.A phased seismic programme is partially complete, and a new drill programme will start in July to test three big targets. At the same time, Sound is working on development funding to take its recent successes into production."We are now moving forward with our e...Read More
China plans to launch its long-awaited crude oil futures contract on March 26, the country's securities regulator said on Friday, a move that could potentially shake up pricing of the world's largest commodity market.Read full newsRead More
MUMBAI, Feb 10 (Reuters) - India will stick to its budgeted fiscal deficit target for the coming fiscal year, Finance Minister Arun Jaitley was quoted on Saturday as saying.Jaitley dismissed concerns that any sharp increase in global oil prices could make it difficult for the government to attain its deficit target for the next fiscal year, which starts in April, Indian daily The Economic Times re...Read More
Bacanora Minerals Ltd. (LON:BCN) has said it intends to re-commence the process of changing the domicile of jurisdiction to the UK from Canada which it thinks will benefit its plans to raise a significant amount of new debt and equity financing to fund its growth.The London and Canadian listed lithium company sought shareholder approval to effect the re-domicile from Canada in September 2016, howe...Read More
By Elvira PollinaVERONA, Italy, Feb 10 (Reuters) - Italy's central bank chief on Saturday appealed to political parties contesting next month's election to pursue responsible policies and not lose sight of the need to cut the huge public debt.Ahead of the March 4 parliamentary election all the main parties, and especially the centre-right coalition leading the polls, have tried to woo voters with...Read More
(Adds foreign holdings of T-bills, comments on inflation and fuel subsidies, context)By Andrew TorchiaDUBAI, Feb 10 (Reuters) - Egypt is considering plans for a Eurobond issue but wants to see more stability in global financial markets before it goes ahead, Egyptian finance minister Amr El Garhy said on Saturday."We want to find the right time and we hope to do this in the next few days,&quo...Read More
VERONA, Feb 10 (Reuters) - Italian lenders set to head two new banking groups being created by merging hundreds of small cooperative banks (BCCs) must be ready to strengthen their capital if needed, the central bank's governor said on Saturday.Italy is forcing its tiny BCC banks to merge and two new groups being formed will undergo an asset check-up this year before moving under the European Centr...Read More
VERONA, Italy, Feb 10 (Reuters) - The European Central Bank is finding it difficult to raise inflation expectations but it will patiently pursue its objective of bringing price increases back up towards 2 percent, Bank of Italy Governor Ignazio Visco said on Saturday."The risk of inflation has been averted but it is proving difficult to push up inflation expectations," Visco, who sits on...Read More
LOVELOCK - An agency that encourages stewardship over prohibition is the Environmental Protection Agency that Administrator Scott Pruitt represented to the Nevada mining industry on Feb. 5.Read full newsRead More
KIGALI, Feb 10 (Reuters) - Rwanda's year-on-year inflation increased to 1.3 percent in January, the statistics office said on Saturday, up from 0.7 percent in December.The monthly inflation increase was 0.2 percent. The increase was mostly due to non-food items like housing, fuels, electricity and gas, the National Institute of Statistics of Rwanda said.(reporting by Clement Uwiringiyimana; editin...Read More
DUBAI, Feb 10 (Reuters) - Egypt is considering plans for a Eurobond issue but wants to see more stability in global financial markets before it goes ahead, Egyptian finance minister Amr El-Garhy said on Saturday."We want to find the right time and we hope to do this in the next few days," Garhy told Reuters on the sidelines of a financial conference in Dubai, when asked if this week's sw...Read 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
Canada's main stock index fell on Friday, closing at its lowest level for five months reflecting weakness in mining stocks as gold futures and copper prices declined.Read full newsRead More
But Bitcoin could be so much more than digital gold.Read full newsRead More
The U.S. tobacco giant has many ways to profit in the year ahead and beyond.Read full newsRead More
15% Increase in Zinc ReservesRead full newsRead More
(Corrects 3rd paragraph to remove extraneous word)BEIJING, Feb 10 (Reuters) - Securities regulators in several provinces of China are investigating the use of shares as collateral for financing activities to curb potential risks, the state-owned Securities Times newspaper reported on Saturday.The provincial regulators have launched an "intensive investigation" into stock-backed borrowin...Read More
Goldman's Currie Says Commodities Worked as Advertised in Equity SelloffIt’s fair to ask why havens haven’t rallied as shares slumped. Gold, for example, is down this week and exchange-traded funds backed by the metal saw heavy selling, with holdings declining the most since July.One possible reason is that ETF investors might be selling gold to offset their stock-market losses, acco...Read More
Adam HamiltonArchivesFeb 09, 2018 The unnaturally-tranquil stock markets suddenly plunged over this past week. Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions. This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don't rally forever. With stock selling unleashed again, herd psychology w...Read More
Friday advance pares S&P 500's weekly plunge to 5.2 percentInterest-rate jitters could return with U.S. inflation reportLiz Ann Sonders of Charles Schwab says the pickup in economic growth contributed to the market selloff.U.S. equities ended their worst week in two years on a positive note, but rate-hike fears that pushed markets into a correction remain as investors await American inflation figu...Read More