CAIRO, Feb 4 (Reuters) - Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said on Sunday.Egypt sold $7 billion in five-, 10- and 30-year bonds last year as it begins its return to international markets after turmoil following the ousting of president Hosni Mubarak in 2011. (Reporting by Momen Saeed Attallah and Ehab Farouk; Ed...Read More
DUBAI, Feb 4 (Reuters) - Gulf stock markets sank early on Sunday in response to Friday's tumble on Wall Street, after U.S. data showed the strongest annual wage growth since 2009 and raised the risk of more interest rate hikes than expected this year. The Saudi index dropped 0.6 percent in the first hour with falling shares outnumbering gainers by a ratio of about two to one. Al Rajhi Bank , which...Read More
(Add context)DHAKA, Feb 4 (Reuters) - Bangladesh's foreign exchange reserves fell to $32.69 billion as at the end of January from $33.23 billion the previous month, but were up nearly 3 percent from a year earlier, the central bank said on Sunday.The monthly decline was fuelled by a rise in imports, a senior central bank official said, adding the reserves were sufficient to cover about 10 months'...Read More
DHAKA, Feb 4 (Reuters) - Bangladesh's foreign exchange reserves fell to $32.69 billion as at the end of January from $33.23 billion the previous month, but were up nearly 3 percent from a year earlier, the central bank said on Sunday.The monthly decline was fuelled by a rise in imports, a senior central bank official said, adding the reserves were sufficient to cover about 10 months' worth of impo...Read More
BETHEL, Alaska (AP) - The comments from industry groups and native corporations in support of the waste and wastewater plans of a proposed mine in western Alaska have contrasted the opposition voiced by area residents.KYUK-AM reports the industry groups and native corporations gave public comments that expressed trust and support for the Donlin Gold mine project during a hearing with state regulat...Read More
Technical analyst Clive Maund charts a company developing a gold mine on Fiji.Read full newsRead More
Marlin Gold Mining Ltd (TSXV:MLN), a metals and mining company based in Canada, received a lot of attention from a substantial price increase on the TSXV over the last fewRead More...Read full newsRead More
The South African workers had been stuck since Wednesday, when a power cut stopped the lifts.Read full newsRead More
All of the nearly 1000 miners trapped in the Sibanye-Stillwater's Beatrix gold mine in South Africa due to a power outage were brought back to the surface.Read full newsRead More
The rescue team faced the difficult task of bringing up hundreds of workers one at a time from the 700-meter deep mine. The workers had been trapped in the mine since Wednesday evening.Read full newsRead More
The optimistic outlook for gold makes now the time to acquire mining junior Seabridge Gold Inc. (TSX:SEA)(NYSE:SA).Read full newsRead More
DUBAI, Feb 4 (Reuters) - Middle Eastern stock markets look likely to be dampened on Sunday by Friday's sharp fall on Wall Street, after U.S. data showed the strongest annual wage growth since 2009 and raised the risk of more interest rate hikes than expected this year.The Dow Jones Industrial Average sank 2.5 percent on Friday, its biggest single-day percentage decline since June 2016. The prospec...Read More
As I keep saying: the status quo has locked the working and middle classes out of today's economic benefits.The reason why the status quo has failed and is fragmenting is demonstrated in wages, employment and assets: wage earners (labor) are in a rowboat trying to catch the yacht of those who own assets (capital).Wages of those employed full time are up a gargantuan $4/week in the 18 years since 2...Read More
The tail is now where the head was generations ago, said 19th-century British historian Thomas Macaulay.Today, the American "tail" wallows in opulence once reserved for the "head" of society.The late political scientist James Q. Wilson:The poorest Americans today live a better life than all but the richest persons 100 years ago.Before air conditioning, for example, even the industrial titan hemorr...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 an abysmal 36-138-116. The TSX Venture Exchange fell another 32 points to 811, having now completely wiped out its rocket-like rise from 810 to 939 of late December and early January....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 35 cents to $65.45 on the New York Merc, while Brent for April lost $1.07 to $68.58 (all figures in this para U.S.). Western Canadian Select traded at a discount of $27.70 to WTI (...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 $16.40 to $1,331.90 on Friday. The TSX Venture Exchange slid 32.03 points to 811.68 while the TSX Gold Index lost 5.29 points to 188.74. Canadian golds moved sharply lower today, led by Klondex Mines Ltd. (KDX),...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 ReporterThe TSX Venture Exchange continued to plummet, losing 32.03 points to 811.68 Friday and ending the week down 79.12 points. A former Ron Schmeichel shell target now plans to go public through another shell. That target, HLS Therapeutics...Read More
Featured GuestsCharles Nenner & John ScurciShow HighlightsJohn Scurci, head of Corona Associates Capital Management, outlines his view on the financial markets in 2018. The US Greenback struggled throughout 2017; investors should expect the theme to persist in the new year with profound implications for investors. US equities are priced for a perfect world scenario, which may lead to considerabl...Read More
By John MauldinY2K ReliefFederal CompulsionsRewind the Tape to 1987Correction Odds RisingSonoma, San Diego and SIC, and ElsewhereIf you travel as much as I do, you come to value nonstop flights. Connections introduce uncertainty and potential delays, not to mention what often feels like wasted time; but sometimes connections are just unavoidable. But you don't want them to be too tight. Those fi...Read More