Vancouver-based Secova Metals (TSXV: SEK) announced today that, with the acquisition of 1151640 B.C. Ltd, it has taken over 40 claims or approximately 2,186 hectares in eastern Quebec. The claims are contained within the Muskrat, Boudrais and Peribonka-Begin cobalt projects. Half of those claims, which comprise the Muskrat Cobalt project, are located in the Riviere aux Rats area of Quebec and are...Read More
FTSE 100 closes down 7 at 7,282FTSE 250 up 47 ptsMelrose unimpressed by results from bid target GKNFTSE 100 slipped into the red towards the close and finished down seven points at 7,282 after a fairly lacklustre day.On Wall Street the Dow Jones and Nasdaq have taken a hit after new chair of the Federal Reserve Jerome Powell appeared before Congress and struck a more hawkish tone on the cent...Read More
David ShepardsonWASHINGTON (Reuters) - The U.S. Senate’s second highest-ranking Republican on Tuesday expressed doubt that Congress will pass legislation to increase infrastructure spending this year, citing time constraints.Senator John Cornyn, a Texas Republican, told reporters: “I think it will (be) challenging. I certainly would be happy if we could, but we’ve got a lot of th...Read More
Ray Gibbs, CEO of Haydale Graphene Industries PLC (LON: HAYD) tells Proactive Investors at the Graphene for U.S. Conference in New York, that America is trying to catch up with graphene commercialization, while the Asian graphene market pushes for the material.Haydale's Taiwan-based inks arm has agreed a deal to supply Japanese firm Graphene Platform (GPC), and will initially target Japan's electr...Read More
(adds quotes from Rieder, market action)By Trevor HunnicuttNEW YORK, Feb 27 (Reuters) - The Federal Reserve is in no rush to hike rates, creating an opportunity for risk assets but posing a threat to long-term bonds, top BlackRock Inc portfolio manager Rick Rieder said on Tuesday.Fed Chairman Jerome Powell on Tuesday vowed to prevent the economy overheating while sticking with a plan to gradually...Read More
Atlas Iron (ASX: AGO) announced today that, despite high discounts for lower grade iron ore, it is still on track to meet its fiscal 2017-2018 shipment volume and cost guidance,which management set last August in 9 million-10 million wet tonnes, having shipped 5.2 million wet tonnes in the first-half to December 2017.In a media statement issued Tuesday, Australia's fifth largest iron ore producer...Read More
(Updates prices to close)TORONTO, Feb 27 (Reuters) - Canada's main stock index fell on Tuesday as weakness in the prices of gold, silver and oil weighed on shares of mining and energy companies.* The Toronto Stock Exchange's S&P/TSX composite index closed down 43.51 points, or 0.28 percent, at 15,671.15.* The TSX posted 6 new 52-week highs and 8 new lows. Across all Canadian issues there were...Read More
(Repeats to add story link with no change to text)By Fergal SmithOTTAWA, Feb 27 (Reuters) - Canada is cutting down issuance of bonds in the 2018-19 fiscal year by 17 percent as the government runs a smaller budget deficit and market participants demand greater supply of more liquid T-bills.Bond issuance had increased by as much as 48 percent since 2015-16 as the Liberal government under Prime Min...Read More
Stephen Hunt from Brooklyn based NanoGraphene tells Proactive Investors the newly created graphene production company is producing the material with distilled water without acid or chemicals to aid the process.Hunt says NanoGraphene will look to publicly list towards the end of the year. Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommunities Plc at our event,...Read More
MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday said net profit fell more than 70 percent in the fourth quarter, hit by the revaluation of assets in its Venezuelan Coca-Cola bottling operation.Net profit in the October to December period was more than 1.83 billion pesos ($93 million), down from nearly 6.7 billion pesos in the same period o...Read More
(Adds analyst comment)By Miguel GutierrezMEXICO CITY, Feb 27 (Reuters) - Equities and currencies fell across Latin America on Tuesday after new Federal Reserve Chairman Jerome Powell said his personal outlook for the U.S. economy had strengthened since December.In remarks to the U.S. House of Representatives Financial Services Committee, newly appointed Powell added that recent data had increased...Read More
Director of Operations William Douglas from 2D Layer tells Proactive Investors at the Graphene for U.S. 2018 Conference in New York that they have produced their atomically thin semi conducting material to industry scale level.Douglas says 2DLayer is looking for their second round of investment of $15 - $20 mln in the near future for further production. Meet Scancell Holdings Plc, Advanced B...Read More
* Canadian dollar at C$1.277* The price of oil falls 1.6 percent(Updates quotes, prices, news)By Kate DuguidNEW YORK, Feb 27 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday as the greenback rose on the release of testimony that showed new U.S. Federal Reserve Chairman Jerome Powell will continue on the gradual monetary rate path pursued by his predecessor Janet Yel...Read More
All eyes were on Fed Chair Jerome Powell today for his first congressional testimony, and stocks tumbled as a result. Powell sparked a risk-off approach from investors by suggesting the central bank could raise interest rates more than three times this year, if necessary. He also said recent economic data gives him more confidence inflation will increase going forward. This resulted in rising bond...Read More
Feb 28 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,056.90014.723NZX 50**8,356.37 -4.01DJIA**25,410.03-299.24 NIKKEI**22,389.86236.23Nasdaq**7,330.354-91.11FTSE**7,282.45 -7.13S&P 500** 2,744.28 -35.32Hang Seng** 31,268.66-229.94SPI 200 Fut 6,001-35.00STI** 3,540.39 -15.46SSEC**3,291.5253 -38.05KOSPI** 2,456.14 -1.51-------------------------------------------------...Read More
Feb 28 (Reuters) - Australian shares are seen opening lower on Wednesday following a weak lead from Wall Street overnight, and as material and energy stocks may face some pressure from falling iron ore and oil prices.The local share price index futures fell 0.6 percent, or 35 points to 6,001, a 55.9-point discount to the underlying S&P/ASX 200 index close. The benchmark closed 0.2 percent lowe...Read More
TORONTO, Feb 27 (Reuters) - Canada's main stock index fell on Tuesday as weakness in the prices of gold, silver and oil weighed on shares of mining and energy companies.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 43.51 points, or 0.28 percent, at 15,671.15. (Reporting by John Tilak Editing by James Dalgleish)Keywords: CANADA STOCKS/CLOSE Disclaimer: The views...Read More
Fed's Powell testimony lift hopes for a fourth rate hike this year. Spot gold challenging a three-week low. Fed head Powell's testimony is giving the greenback a nice boost against all of its major rivals, with gold breaking below $1,320.00 a troy ounce, currently at 1,316.80, challenging a three-week low and pressuring the 38.2% retracement of its December/January rally. The American doll...Read More
* Fed's Powell strikes hawkish tone in 1st testimony* Traders brace for German, Italian political developments (Recasts lead; adds comment and FX table; updates prices)By Saqib Iqbal Ahmed and Gertrude Chavez-DreyfussNEW YORK, Feb 27 (Reuters) - The dollar hit a three-week peak on Tuesday after Federal Reserve Chairman Jerome Powell's remarks before U.S. lawmakers suggested a willingness to adopt...Read More
NEW YORK, Feb 27 (Reuters) - U.S. stocks suffered their biggest daily drops since the sell-off almost three weeks ago after comments from Federal Reserve Chairman Jerome Powell on Tuesday sparked concerns about more interest-rate increases than expected this year.The Dow Jones Industrial Average fell 299.24 points, or 1.16 percent, to 25,410.03, the S&P 500 lost 35.32 points, or 1.27 percent,...Read More