MILAN, Feb 22 (Reuters) - Italy's Treasury said on Thursday it would offer up to 7.75 billion euros over three bonds at auction on Feb. 27.BOND TYPE5-YR BTP10-YR BTPCCTEUMATURITY March 1, 2023Feb. 1, 2028April 15, 2025TRANCHE1 39COUPON 0.95 2.00-AMOUNT OFFERED3.0-4.0 1.5-2.0 1.25-1.75(bln euros) SETTLEMENT DATE March 1, 2018 (Reporting by Milan Newsroom) Disclaimer: The views expressed in this ar...Read More
Stocks are soaring today, attempting to pare a portion of Wednesday's sharp sell-off. An early morning speech from St. Louis Fed President James Bullard is helping to boost investor sentiment, after the central banker attempted to ease rate-hike jitters sparked by yesterday's release of the Fed meeting minutes. Additionally, the 10-year Treasury yield is retreating from four-year-high territory ah...Read More
(Updates with statements from Stobart and Flybe)By Ben MartinLONDON, Feb 22 (Reuters) - British infrastructure and support services firm Stobart Group is considering bidding as part of a consortium to acquire struggling regional carrier Flybe .Shares in Flybe soared 26 percent on Thursday on the news to 43.5 pence by 1541 GMT, valuing the carrier at almost 105 million pounds."A number of pot...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, xpert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a rangebound gold price environment. Sign up for Kitco News Weekly Roundup newsletter to receive Horwitz's exclusive report and trade strategy March 10. (Kitco News)- For pr...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, xpert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a rangebound gold price environment. Sign up for Kitco News Weekly Roundup newsletter to receive Horwitz's exclusive report and trade strategy March 10. (Kitco News) - For p...Read More
(Recasts with risks, adds central bank comments)MEXICO CITY, Feb 22 (Reuters) - Most of Mexico's central bank board is concerned about persistent inflation pressures and risks that the peso could be hammered, adding to consumer price pressures, minutes from the bank's latest policy meeting showed on Thursday.Banco de Mexico's governing board unanimously voted to hike the key rate by 25 basis poin...Read More
* Bond yields ease from Wednesday's peak* Energy leads gainers on S&P* U.S. weekly jobless claims fall more than expected* Indexes up: Dow 1.02 pct, S&P 0.75 pct, Nasdaq 0.64 pct (Changes comment, adds details, updates prices)By Sruthi ShankarFeb 22 (Reuters) - Gains in technology and industrial shares helped U.S. stocks rebound from a two-day fall on Thursday as investors shrugged off the...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote LONDON, Feb 22 (Reuters) - Sterling rose from a one-week low on Thursday as the dollar slumped towards a session low, although renewed concerns over the state of play in Brexit negotiations checked the British currency's gains.Despite sterling's weakness this week, it is still up nearly 3 percent against the dol...Read More
(Kitco News)- Lackluster silver prices are not deterring one Canadian silver explorer fromimplementing its exploration plans because the market could be on the cusp of asignificant market rally, according to the company’s top executive.In an interview with Kitco News, Greg Johnson, chief executive officer ofMetallic Minerals, (TSX.V: MMG) said that the company is moving forward with a plan t...Read More
(Kitco News) - Lackluster silver prices are not deterring one Canadian silver explorer from implementing its exploration plans because the market could be on the cusp of a significant market rally, according to the company’s top executive.In an interview with Kitco News, Greg Johnson, chief executive officer of Metallic Minerals, (TSX.V: MMG) said that the company is moving forward with a pl...Read More
CEO David Kalergis from Diffusion Pharmaceuticals (NASDAQ:DFFN) tells Proactive Investors the company is using their technology to move more oxygen into oxygen-deprived tissues for cancer cells, as oxygen deprived cancer cells are three times more resistant to chemotherapy and radiation then normally oxygenated cancer cells.Kalergis says they have opened a phase 3 study for newly diagnosed, inoper...Read More
Are they? As usual, the FOMC minutes provoked diverse interpretations, both dovish and hawkish. Let's analyze them, separating the wheat from the chaff. What do the recent minutes really mean for the gold market?Hawks attack bullionWe have long warned investors about the hawkish treat. For example, as early as in the October edition of the Market Overview, we wrote that the Fed under Powell could...Read More
Are they? As usual, the FOMC minutes provoked diverse interpretations, both dovish and hawkish. Let's analyze them, separating the wheat from the chaff. What do the recent minutes really mean for the gold market?Hawks attack bullionWe have long warned investors about the hawkish treat. For example, as early as in the October edition of the Market Overview, we wrote that the Fed under Powell could...Read More
(Adds background)WASHINGTON, Feb 22 (Reuters) - The U.S. Treasury Department said on Thursday it will sell record amounts of three-month and six-month short-term government debt next Monday and increased the offering size of one-year bills by $2 billion next Tuesday. The government will auction $51 billion and $45 billion of three-month bills and six-month bills, respectively, for a second straig...Read More
2:00 pm: Moneysupermarket slumps as it continues to lag behind the opera singer and the meerkatMoneysupermarket (LON:MONY) shares slumped, down 48.6p or 14.78% changing hands at 280.2p, after financial results fell short of expectations.The price comparison website operator also delivered a cautious outlook, with growth expected to lag its peers. Specifically, Moneysupermarket has struggled to bri...Read More
* Rand barely changed against weaker dollar* Stocks fall led by Sibanye-Stillwater (Updates figures, gives detail, fresh quotes)JOHANNESBURG, Feb 22 (Reuters) - South African stocks fell on Thursday led by precious metals producer Sibanye-Stillwater reporting an annual loss and cutting its dividend, while the rand remained range bound amid risk-on sentiment in emerging assets.On the bourse, the be...Read More
(Bloomberg) - Macquarie Group Ltd. has denied allegations that some of its brokers and wealth advisers manipulated stock prices or failed to act on client instructions regarding the collapse of Cleveland Mining Co. shares.Disgruntled investors and Cleveland Mining executives alleged at a parliamentary hearing in Melbourne on Thursday that some of Macquarie's wealth advisers ran a "pump and dump"...Read More
Mining Capital's Alastair Ford chats through latest developments at Rainbow Rare Earths (LON:RRE), Orosur Mining (LON:OMI) and Wishbone Gold (LON:WSBN).Ford also discusses recent reports that US tech giant Apple Inc (NASDAQ:AAPL) is in talks to buy long-term supplies of cobalt directly from miners for the first time.The US$870mln company is one of the biggest end-users of the metal, which is a key...Read More
(Updates throughout to U.S. market open, changes dateline; previous LONDON)* Dollar Index retreats after hitting 10-day high* Yen rises on safe haven demand By Saqib Iqbal AhmedNEW YORK, Feb 22 (Reuters) - The dollar slipped against a basket of major currencies on Thursday, as its rally from a three-year low last week ran out of steam, and the yen soared as heightened volatility led investors to...Read More
JOHANNESBURG, Feb 22 (Reuters) - Precious metals producer Sibanye-Stillwater cut off the dividend stream that has made it an investor darling after reporting an attributable loss for 2017 on Thursday.Sibanye's share price fell 13 percent, underscoring disappointment among investors who have grown accustomed to hefty dividends from the Gold Fields spin-off."It's the cash flow. There is no cash to p...Read More