Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the 'Company' or 'Nautilus') is pleased to announce that the Government of Papua New Guinea has granted a two year Exploration License to Nautilus which will allow the Company to conduct exploration activities on this area within the southeast Bismarck Sea.Read full newsRead More
(Adds attempt to contact LJM, background on market action)By Trevor HunnicuttNEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Leon...Read More
* Indexes gain over 1 percent Friday after big swings* Technology the day's best-performing group* S&P 500 falls 5.2 percent for week (Adds comments, context)By Lewis KrauskopfFeb 9 (Reuters) - U.S. stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading d...Read More
It's A Mad, Mad, Mad WorldI have been an active trader and was licensed as a commodity broker in 1984, which means that I was present for the equities meltdown and crash of 1987. I was also in the industry in 2008 when the US stock market crashed following the banking crisis which resulted in a multiyear recession. Having said that, this week's meltdown in equities contained extremely wild price s...Read More
It's A Mad, Mad, Mad WorldI have been an active trader and was licensed as a commodity broker in 1984, which means that I was present for the equities meltdown and crash of 1987. I was also in the industry in 2008 when the US stock market crashed following the banking crisis which resulted in a multiyear recession. Having said that, this week's meltdown in equities contained extremely wild price s...Read More
(Updates throughout with closing prices)TORONTO, Feb 9 (Reuters) - Canada's main stock index fell on Friday, closing at its lowest level in five months, reflecting weakness in mining stocks as gold futures and copper prices declined.* The Toronto Stock Exchange's S&P/TSX composite index closed down 31.08 points, or 0.21 percent, to 15,034.53.* Of the index's 10 main industry groups, seven ende...Read More
FTSE 100 slumps 78 points after US rally quickly runs out of fizzStellar day for Stellar DiamondsInvestors high on the Hogg Robinson takeover offerThe US revival did not last long, prompting the FTSE 100 to stage a late swoon.The top shares index closed at 7,092, down 78 points.Despite the shake-out there some bright spots, most notably Stellar Diamonds PLC (LON:STEL), which soared more than 50% a...Read More
(Adds details, table, bitcoin details, paragraphs 4-11)By Gertrude Chavez-DreyfussFeb 9 (Reuters) - Speculators' net short U.S. dollar bets declined for the first time in six weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market speculators i...Read More
NEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in recent market turmoil.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Leonard Sokolow said he owned shares of LJM Preservation and Growth Fund , a o...Read More
Stock market volatility was the name of the game yet again today, with the Dow exploring a range of more than 1,000 points on both sides of breakeven, before ultimately finishing in the black. It's a trend we've seen all week, with the index trading in a massive range of more than 2,100 points since Monday's open, but ultimately suffering its steepest weekly loss since January 2016. The S&P 500 an...Read More
WASHINGTON, Feb 9 (Reuters) - The White House budget proposal projects U.S. economic growth of3.2 percent next year, before declining to 3 percent in 2021 and 2.8 percent in 2026, the Wall Street Journal reported on Friday, citing a preview of the plan.The budget, which is due to be released on Monday, assumes the 10-year Treasury yield will average 2.6 percent this year and 3.1 percent next year...Read More
* S&P still posts worst week since Jan 2016* Indexes end up over 1 pct after day of big swings* S&P, Dow confirmed correction territory on Thurs (Updates with close of U.S. market)By Lewis KrauskopfFeb 9 (Reuters) - Wall Street's main stock indexes climbed more than 1 percent on Friday, giving investors some solace after a week of huge swings that shook the market out of months of calm.Eve...Read More
TORONTO, Feb 9 (Reuters) - 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.At 4:03PM EST (2103 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 31.08 points, or 0.21 percent, to 15,034.53. (Reporting by Matt Scuffham; editing by Diane Craft) Disclaimer: The view...Read More
Steve Langkamp and Pete Mills from Jobhawk introduce the app to Proactive Investors.''It's the first UK digital marketplace for construction labour'', CEO Langkamp says.''We make it possible for major subcontractors to get self-employed labour instantly for their projects''Co-founder Pete Mills adds: ''There's a huge need [for an app like this].''''The movement of labour between jobs in Lond...Read More
Feb 9 (Reuters) - Speculators' net short U.S. dollar bets declined for the first time in six weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, w...Read More
Direct Line Group PLC (LON:DLG) was a late afternoon gainer, adding 2.6% at 377.9p after the blue chip insurance group issued a brief trading update saying it is on course for operating profits of ?610mln and profit before tax of ?540mln, up from ?403.5mln and ?353mln respectively in 2016. Nicholas Hyett, equity analyst, Hargreaves Lansdown commented: "An unscheduled trading update on a F...Read More
* Indexes again mark day of big swings* S&P, Dow confirmed correction territory on Thurs (Updates with late afternoon trade)By Lewis KrauskopfFeb 9 (Reuters) - U.S. stocks held modest gains on Friday in another volatile session during a week of huge swings that shook the market out of months of calm.During Friday's session alone, the S&P 500 swung from as high as up 1.5 percent to down 1.9...Read More
* Wall Street was set for busiest IPO week in 2 1/2 years* Of 7 listings this week, 4 traded below IPO price Friday* IPO market now entering mid-February lull By Joshua FranklinNEW YORK, Feb 9 (Reuters) - Wide swings in the U.S. stock market has blunted initial public offering (IPO) activity on Wall Street in what was set to be the busiest week for new listings in more than two-and-a-half years....Read More
(Kitco News)- Valentine’sDay is quickly approaching and if you are struggling for the perfect gift, you can’tgo wrong with jewelry as that appears to be the hot item this year.Accordingto the National Retail Federation, U.S. consumers are expected to spending anear-record $19.6 billion on Valentine’s Day gifts, up from $18.6 billion spentlast year. On average consumers are planni...Read More
(Kitco News) - Valentine’s Day is quickly approaching and if you are struggling for the perfect gift, you can’t go wrong with jewelry as that appears to be the hot item this year.According to the National Retail Federation, U.S. consumers are expected to spending a near-record $19.6 billion on Valentine’s Day gifts, up from $18.6 billion spent last year. On average consumers are...Read More