Calgary, Alberta (February 5, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that as of February 1, 2018 Michael McPhie, a Director of the Company, has stepped into the President and CEO position while Feisal Somji has taken on the Executive Chairman role. The Company issued to Michael 600,000 stock options with an ex...Read More
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(Kitco News) - India’s newly released budget for the upcoming fiscal year does not do enough “to offset lower” countrywide gold demand, according to Capital Economics.Even though some measures might help boost demand for gold jewelry, the cost of importing the yellow metal increased, Simona Gambarini, commodities economist at Capital Economics, said in the latest Precious Metals...Read More
SHANGHAI, Feb 5 (Reuters) - China's central bank said it will skip open market operations for the eighth straight trading day on Monday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will drain 40 billion yuan ($6.35 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Monday....Read More
* Dollar index steadies after Friday's robust US jobs report* Dollar dips vs yen, however, amid broad equity market weakness By Shinichi SaoshiroTOKYO, Feb 5 (Reuters) - The dollar steadied on Monday after rallying on upbeat U.S. jobs data, which sent bond yields surging on the prospects of increasing inflation and hammered equities.The dollar index against a basket of six major currencies stood...Read More
SYDNEY, Feb 5 (Reuters) - Australian new vehicle sales hit another record for a January month as sports utilities flew off the lots, while strong demand for commercial vehicles spoke of solid business spending.The Australian Federal Chamber of Automotive Industries' VFACTS report on Monday showed 88,551 new vehicles were sold in January, up a healthy 4.3 percent on the same month of last year. Jan...Read More
(Repeats with no changes to text. The opinions expressed here are those of the author, a columnist for Reuters.)* China's steel exports: * China steel and real estate: By Andy HomeLONDON, Feb 2 (Reuters) - Global production of crude steel rose by 5.3 percent last year, according to the World Steel Association (WSA). As remarkable as the pace of growth was the geographical spread. Only two of the...Read More
(Kitco News) - Gold will be keeping January’s gains throughout the first half of 2018, according to BNP Paribas, but will face downward pressure in the second part of the year as the Federal Reserve proceeds with normalization of monetary policy.“Rising inflation expectations and a weak dollar, as long as they last, provide the support for gold’s current trading levels,” Ha...Read More
(Kitco News) - Gold will be keeping January’s gains throughout the first half of 2018, according to BNP Paribas, but will face downward pressure in the second part of the year as the Federal Reserve proceeds with normalization of monetary policy.“Rising inflation expectations and a weak dollar, as long as they last, provide the support for gold’s current trading levels,” Ha...Read More
Feb 5 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesBoE deputy warns against 'bonfire of the regulations' after Brexit China's ecommerce giant JD.com to take on Amazon in Europe British Airways owner calls for break-up of Heathrow monopoly OverviewThe UK's top banking supervisor has warned...Read More
SYDNEY, Feb 5 (Reuters) - Australian job advertisements in newspapers and on the internet surged by the most in a decade in January, pointing to still-healthy demand for labour despite months of rapid employment growth. A monthly survey by Australia and New Zealand Banking Group out on Monday showed total job advertisements jumped 6.2 percent in January from December when they fell 2.7 percent. Th...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.6 pct, HSI -0.1 pct* Shanghai->HK daily quota used 40.1 pct* HK->Shenzhen Connect daily quota used 9 pct, Shenzhen->HK daily quota used 11.3 pct* CNY official close 6.299 per dollar* FTSE China A50 +0.3 pct, BNY Mellon ADR China Select Index -1.2 pct SHANGHAI, Feb 5 (Reuters) - Following is a list of recent corporate and policy...Read More
Feb 5 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 5-FebNetherlands DTC auction 5-FebFranceAuction of BTF Treasury notes 6-FebUnited States Sale of 3-year notes 6-FebBelgium Auction of Treasury bills 7-FebGermany Auction of 10-year Federal bonds 7-FebUnited States Sale of 10-year notes...Read More
Feb 5 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.-----------------------------------------------------------MONDAY, FEBRUARY 5SINGAPORE - ASEAN Finance and Central Bank Working Group Meet...Read More
LONDON, Feb 5 (Reuters) - Average rents for residential properties in Britain grew at their slowest pace since 2013 last year, a survey showed on Monday, a latest sign of how uncertainty about Brexit is weighing on the economy.The 1.6 percent increase in rents was also the first below-inflation rise since 2013, according to the index compiled by the Deposit Protection Service which runs a deposit...Read More
Feb 5 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- SATURDAY, FEBRUARY 3 COVENTRY, United Kingdom - Riksbank Deputy Governor Cecilia Skingsley will...Read More
WELLINGTON, Feb 5 (Reuters) - Prices for New Zealand's main commodities rose in January, pushed up by higher milk prices, ANZ Bank's commodity price index showed on Monday.The index edged up 0.7 percent for the month, compared with a 1.9 percent fall in the previous month.On an annual basis the index was 4.1 percent higher, compared with a 3.2 percent jump the month before.Whole milk powder, the c...Read More
(Updates with statement from Lloyds Bank)Feb 4 (Reuters) - Lloyds Banking Group Plc said on Sunday it would ban its credit card customers from buying Bitcoin and other cryptocurrencies."Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept credit card transactions involving the purchase of cryptocurrencies," a company spokeswoman said in an email.Britain's biggest mor...Read More
(Adds context on deal, prior bids)Feb 5 (Reuters) - Japan's Mitsui & Co won a three-way bidding war to take over Australia's AWE Ltd , after rival bidder Mineral Resources failed to match Mitsui's offer.The Australian gas producer said in a statement that it had entered into a bid implementation deed with Mitsui for its proposed $480 million dollar takeover. AWE on Monday recommended that sh...Read More
By Jennifer AblanNEW YORK, Feb 4 (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, says "it is hard to love bonds at even 3 percent" yield, given the backdrop for accelerating economic growth in the U.S."It seems the tradable buy on bonds will need a flight-to-safety bid on a wave of fear washing over risk markets," Gundlach told Reuters late on Saturday....Read More