Recent News

DIARY-Government Debt Auctions to Feb 28

February 01, 2018 / www.kitco.com

Feb 2 (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

DIARY-Emerging Markets Economic Events to March 29

February 01, 2018 / www.kitco.com

Feb 2 (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. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 5SINGAPORE - ASEAN Finance and Centra...Read More

DIARY-Top Economic Events to March 23

February 01, 2018 / www.kitco.com

Feb 2 (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 ----------------------------------------------------------- FRIDAY, FEBRUARY 2 AUSTIN - Federal Reserve Bank of Dallas President Robert Kaplan participates...Read More

UPDATE 1-U.S. fund investors 'buy the dip' in stock, bond markets

February 01, 2018 / www.kitco.com

(Adds data on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Feb 1 (Reuters) - U.S. fund investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday.Relatively low-risk money-market funds recorded $26 billion in withdrawals during the week ended Jan. 31, while stock mutual fu...Read More

Japan regulator conducting on-site inspection of Coincheck -Aso

February 01, 2018 / www.kitco.com

TOKYO, Feb 2 (Reuters) - Japanese Finance Minister Taro Aso said on Friday that financial regulators were conducting an on-site inspection of Coincheck, after hackers last week stole more than $500 million from the cryptocurrency exchange.Aso, speaking to reporters after a regular cabinet meeting, said the decision was made based on the need to protect users. (Reporting by Tetsushi Kajimoto; Edit...Read More

U.S. Dollar At A Critical Price Point

February 01, 2018 / www.kitco.com

The U.S. dollar continues to trade under pressure and is now at a critical support level. The dollar index has lost almost half of a percentage in value today and is currently fixed at 88.54. If the dollar continues to trade at this level, it will mark the eighth consecutive week in which it has closed below its opening price on Monday.Beginning in mid-December of last year, the dollar went into a...Read More

U.S. Dollar At A Critical Price Point

February 01, 2018 / www.kitco.com

The U.S. dollar continues to trade under pressure and is now at a critical support level. The dollar index has lost almost half of a percentage in value today and is currently fixed at 88.54. If the dollar continues to trade at this level, it will mark the eighth consecutive week in which it has closed below its opening price on Monday.Beginning in mid-December of last year, the dollar went into a...Read More

Globe CA appointed as preferred training partner to Claycrete Zambia

February 01, 2018 / www.mining.com

Globe Competency Assurance hosted a delegation from Claycrete Zambia and the Zambian National Service in Perth, WA today to support a large-scale 'Road Rehabilitation Project' commencing shortly in rural Zambia. The project, to be partially funded by the World Bank and African Development Bank, seeks to rehabilitate 10,000 km of rural road by 2021 using an Australian patented road improvement sys...Read More

Expect Gold Prices To Drop Below $1,300 In The Next Few Weeks - ABN Amro

February 01, 2018 / www.kitco.com

(Kitco News) - The excitement in the gold market space might not last, with ABN Amro warning of a looming drop in prices in the next few weeks.“Gold prices are toppish at current levels and we expect prices to move below USD 1,300 in the coming weeks,” the Dutch bank said in its Precious Watch report published on Thursday.Gold is already up 3% since the start of 2018, but this does not...Read More

Expect Gold Prices To Drop Below $1,300 In The Next Few Weeks - ABN Amro

February 01, 2018 / www.kitco.com

(Kitco News) - The excitement in the gold market space might not last, with ABN Amro warning of a looming drop in prices in the next few weeks.“Gold prices are toppish at current levels and we expect prices to move below USD 1,300 in the coming weeks,” the Dutch bank said in its Precious Watch report published on Thursday.Gold is already up 3% since the start of 2018, but this does not...Read More

UPDATE 3-Lazard Q4 beats estimates, tax changes complicate conversion plans

February 01, 2018 / www.kitco.com

(Recasts lead paragraph)By Catherine Ngai and Aparajita SaxenaNEW YORK Feb 1 (Reuters) - Asset manager and advisory firm Lazard Ltd said on Thursday that it is reviewing whether to convert into a "C Corporation" from its current status as a public partnership after changes to the U.S. tax code mean such a conversion could raise its effective tax rate by about 10 percentage points.The ov...Read More

FTSE 100 closes in red but broadcaster ITV shines

February 01, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes down 43  at 7,490Manufacturing output slows unexpectedly in JanuaryCapita shares down again FTSE 100 joined other European indices to close lower on Thursday as traders took risk of the table.Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower -  down around 58 points at 20,185.On that index, outsourcer Capita plc (LON:CPI) weighed again, plu...Read More

EMERGING MARKETS-LatAm currencies up; rally undeterred by hawkish Fed

February 01, 2018 / www.kitco.com

(Updates prices, adds pending pension reform in Brazil and Chile interest rate decision)By Bruno FederowskiSAO PAULO, Feb 1 (Reuters) - Latin American currencies turned mostly higher on Thursday as hawkish remarks from the Federal Reserve failed to derail a month-long rally fueled by investors' appetite for risk.In its policy statement on Wednesday, the Fed left U.S. interest rates unchanged but b...Read More

MOVES-Och Ziff says energy equity MD leaves for fund

February 01, 2018 / www.kitco.com

NEW YORK, Feb 1 (Reuters) - Steve Pattyn, a managing director and U.S. equity analyst for Och-Ziff Capital Management Group LLC, has left the company, a spokesman said in an e-mail on Thursday.Pattyn, who had a focus on the energy and utilities sector, is now a managing member at Yaupon Capital Management, according to his LinkedIn. He started in February.Yaupon will be an energy and utilities foc...Read More

CORRECTED-PRECIOUS-Gold prices flat ahead of U.S. jobs data

February 01, 2018 / www.kitco.com

(Corrects location of EverBank in paragraph 5 to Jacksonville, Florida, not St. Louis)* Palladium edges up after hitting lowest since Dec. 18* GRAPHIC-2018 asset returns: By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, Feb 1 (Reuters) - Gold prices were nearly unchanged on Thursday as markets anticipated U.S. jobs data due at the end of the week for guidance on monetary policy for the remai...Read More

U.S. fund investors race into stocks despite sell-off -Lipper

February 01, 2018 / www.kitco.com

NEW YORK, Feb 1 (Reuters) - Investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday.Low-risk money-market funds recorded $26 billion in withdrawals during the week ended Jan. 31, while stock funds took in $16 billion in new money, according to Lipper. (Reporting by Trevor Hunnicutt; Editin...Read More

U.S. municipal market supply drops to $19.57 bln in January

February 01, 2018 / www.kitco.com

Feb 1 (Reuters) - U.S. states, cities, schools and other issuers in the municipal market sold only $19.57 billion of debt in January, the lowest supply for that month since 2014, according to Thomson Reuters data on Thursday. Issuance plummeted after nearly $58.2 billion of debt hit the $3.8 trillion market in December. Fears that federal tax legislation would terminate certain types of tax-exempt...Read More

Newrange Gold Starts Trading Under New Symbol on US OTC Market

February 01, 2018 / bit.ly

(TSXV:NRG) (OTC PINK: NRGOF) (FRANKFURT: X6C) - Newrange Gold Corp.('Newrange' or the 'Company') is pleased to announce its trading symbol on the OTC Pink Market has been changed to NRGOF (from CMBPF) effective at the market open today.Read full newsRead More

UPDATE 1-Airbnb says no listing in 2018, CFO to leave, names first COO

February 01, 2018 / www.kitco.com

(Recasts with CFO departure)By Heather SomervilleSAN FRANCISCO, Feb 1 (Reuters) - Short-term home rental service Airbnb Inc will not go public this year, the company said on Thursday, and it also announced a change in executive leadership with the loss of its chief financial officer and appointment of its first chief operating officer.San Francisco-based Airbnb, a service where homeowners and ren...Read More

UPDATE 1-Chile central bank holds benchmark interest rate steady at 2.5 pct

February 01, 2018 / www.kitco.com

(Adds Central Bank comment, details on inflation target)SANTIAGO, Feb 1 (Reuters) - Chile's central bank voted unanimously to keep its benchmark interest rate unchanged at 2.5 percent at its monthly policy meeting on Thursday, in line with market expectations.The bank said it would leave open the possibility for increased stimulus should inflation continue to lag behind its target rate.Chile's in...Read More

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