Feb 27 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,042.20 42.4NZX 50**8,340.53 38.81DJIA**25,709.27399.28NIKKEI**22,153.63260.85Nasdaq**7,421.46484.074FTSE**7,289.58 45.17S&P 500** 2,779.60 32.30 Hang Seng** 31,498.6 231.43SPI 200 Fut 6,04429STI** 3,555.85 22.63SSEC**3,330.2506 41.23 KOSPI** 2,457.65 6.13------------------------------------------------------------...Read More
Feb 26 (Reuters) - Palo Alto Networks Inc reported a smaller quarterly loss as the cyber security company added more customers to its cloud-based security services.The company's net loss narrowed to $34.9 million, or 38 cents per share, in the second quarter ended Jan. 31, from $60.6 million, or 67 cents per share, a year earlier. Revenue rose to $542.4 million from $422.6 million. (Reporting by L...Read More
(Adds further quote, background)WASHINGTON, Feb 26 (Reuters) - There are some upside risks to the U.S. economic outlook but the degree to which it would affect monetary policy depends on whether the potential capacity of the nation's economy is also raised, Federal Reserve Governor Randal Quarles said on Monday."There is a real possibility that some of the factors that have been holding back...Read More
Africa-focused Caledonia Mining Corp. (TSE:CAL) revealed Monday that one person died on February 23, following an accident at its Blanket gold mine in southwestern Zimbabwe.The fatality occurred in the Blanket Quartz Reef area of the mine, where production has been stopped. Management said they will not provide further details about the incident, as it should first be investigated by the Inspector...Read More
Africa-focused Caledonia Mining Corp. (TSE:CAL) revealed Monday that one person died on February 23, following an accident at its Blanket gold mine in southwestern Zimbabwe.The fatality occurred in the Blanket Quartz Reef area of the mine, where production has been stopped. Management said they will not provide further details about the incident, as it should first be investigated by the Inspector...Read More
Feb 27 (Reuters) - Australian shares are expected to open higher on Tuesday as risk appetite may remain supported by a strong performance on Wall Street overnight.The local share price index futures rose 0.5 percent, or 35 points, to 6,050, a 7.8-point premium to the underlying S&P/ASX 200 index close. The benchmark ended Monday up 0.7 percent.New Zealand's benchmark S&P/NZX 50 index rose...Read More
SAO PAULO, Feb 26 (Reuters) - Brazilian healthcare insurer Notre Dame Interm?(C)dica Participa???ues SA filed on Monday for an initial public offering on the Sao Paulo stock exchange, according to documents filed with the Brazil's securities regulator CVM.The offering will have a primary portion, in which the company will issue new shares, and a secondary portion, in which controlling shareholder...Read More
Dr Cath O'Neill, chief executive of SkinBioTherapeutics PLC (LON:SBTX), caught up with Proactive's Andrew Scott following the release of the skin-health specialist's interim results.She says they remain on track with the development of their three flagship programmes - in particular the upcoming first human study for the cosmetic application of the compound which is planned for the third quarter o...Read More
Miner plans to reduce debt, buy more equipment for mineRead full newsRead More
NEW YORK, Feb 26 (Reuters) - U.S. stocks rose to more than three-week highs on Monday, with major indexes rising over 1 percent, as a decline in Treasury debt yields assuaged investors' concerns about rising interest rates and refocused attention on economic growth.The Dow Jones Industrial Average rose 399.01 points, or 1.58 percent, to 25,709, the S&P 500 gained 32.3 points, or 1.18 percent,...Read More
Algold Resources Ltd. (TSXV:ALG) (the "Corporation") today announced an updated mineral Resource Estimate, prepared in accordance with the reporting guidelines as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ('NI 43-101') as required by the Canadian Securities Administrators, for its Tijirit Property ("Tijirit" or "the Property") in Mauritania.Read...Read More
* Traders await clues from Fed's Powell testimony before Congress* U.S. 10-year yield holds below 4-year peak* Fed's Bullard worry about further U.S. rate increases* U.S. new home sales hit 5-month lows (Updates market action, adds quote)By Richard LeongNEW YORK, Feb 26 (Reuters) - U.S. Treasury yields fell on Monday as traders reduced their bearish bond positions in advance of new Federal Reserve...Read More
WASHINGTON, Feb 26 (Reuters) - The White House said on Monday it was up to China to decide whether to do away with presidential term limits after the country's ruling Communist Party made a proposal on Sunday that would allow President Xi Jinping to stay in office indefinitely."That's a decision for China to make about what's best for their country," White House spokeswoman Sarah Sanders...Read More
* Powell testimony, central banker speeches keep markets edgy* Traders brace for German, Italian political developments (Adds comment, updates table, prices in text)By Gertrude Chavez-DreyfussNEW YORK, Feb 26 (Reuters) - The dollar rose against most currencies, except the euro, in choppy trading on Monday ahead of a slew of U.S. economic data and events this week, including Federal Reserve Chairma...Read More
Nigel Forrester, chairman and managing director at Mount Burgess Mining NL (ASX: MTB) runs Proactive through their two key deposits in Botswana - Kihabe and Nxuu.Forrester says the Kihabe deposit is partially oxidised in the top portion and is about 2.4 kilometres long.He adds the bottom section is sulphide so they'll have two different processes of treatment there.''The Nxuu deposit which is seve...Read More
Gold is also supported by weakness in the US Dollar. The US Federal Reserve is likely to remain upbeat on the outlook for both the economy and inflation. Gold is now trading around $1,335 in New York session, edging up by 0.35% on renewed concern about the US inflation and a weaker US dollar on Monday. Gold rose to1,341earlier on Monday but was sold after the optimistic comments by St. Lou...Read More
STOCKHOLM, Feb 26 (Reuters) - The owners of Latvia's ABLV Bank, accused by U.S. authorities of large-scale money laundering, have decided to liquidate the lender after the European Central Bank said on Saturday it would be wound up, ABLV told Reuters on Monday. Main owners Ernests Bernis and Olegs Fins, who each hold stakes of 43.5 percent, believe liquidation is the best way ensure the protection...Read More
German bank Berenberg has slashed its target price for roadside recovery outfit AA plc (LON:AA) from 100p to 65p.The rating was already 'sell' so there is no change there and the bank offers little prospect of change in the near-term, either, in a research note headed "a long road to recovery"."When the AA went public in 2014, its investment case focused on reversing declines in paid personal memb...Read More
Steelmaking raw materials made strong gains on Monday as Chinese mills, responsible for half the world's steel output, on the back of speculations that the certain provinces may extend steel supply curbs beyond the winter.The Northern China import price of 62% Fe content ore gained just under 1% to the highest since April trading at $79.95 per dry metric tonne according to data supplied by The Ste...Read More
Mobile payment device concern Square Inc (NYSE:SQ) is set to report fourth-quarter earnings after the close on tomorrow. SQ stock has had a stellar year on the charts, picking up over 160%. At last check, shares of the payment concern were trading up 4% at $46.48 -- a mere stone's throw from a fresh record high. What's more, Square stock has ended higher the day after earnings in five of the past...Read More