(Adds details from conference call, background, updates share price)By Vibhuti SharmaFeb 16 (Reuters) - Tater Tots-maker Kraft Heinz Co's muted quarterly results echoed those of rival Campbell Soup Co as more Americans opted for healthier meals, a trend that has pressured shares of processed food makers for several quarters now.Kraft Heinz, owner of brands such as Velveeta cheese and Heinz ketchu...Read More
The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.Since the end of the B...Read More
The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.Since the end of the B...Read More
Ahmet Dik, chief executive of Victoria Oil & Gas plc (LON:VOG), tells Proactive's Andrew Scott fourth quarter gas sales were up just short of 19% from the preceding three months.Gross sales amounted to 726mln cubic feet in the fourth quarter, which also represents an 11% increase in the year-on-year comparative.Dik says they're giving top priority to solving the ENEO issue and management are c...Read More
MILAN, Feb 16 (Reuters) - Credit Agricole has kicked off the sale of a portfolio of non-performing Italian loans worth around 6 billion euros ($7.5 billion), a source close to the matter said on Friday.The portfolio comprises consumer credit loans and loans to small and medium sized companies, the source said, adding 1.3 billion euros of the total were secured loans."We never comment on rumou...Read More
U.S. stocks are climbing today, and at last check, all three benchmarks are headed for some impressive win streaks. Among stocks making notable moves today, drugmaker Pacira Pharmaceuticals Inc (NASDAQ:PCRX) is struggling, while fellow pharmaceutical stocks Calithera Biosciences Inc (NASDAQ:CALA) and Acer Therapeutics (NASDAQ:ACER) are surging higher. Here's a closer look at what shares of PC...Read More
Bill Morgan, CFO at Anglo Asian Mining Plc (LON:AAZ), talks through their recent debt refinancing as well as production targets for 2018.The refinancing will releasing US$8.4mln of capital to accelerate 2018 expansion and optimisation plans, as the principal required for repayment this year will drop to just US$5.1mln from the previous US$13.5mln. Meet Medusa Mining, Cora Gold, Group Eleven...Read More
(Kitco News)- As the old trading saying goes: “The trend is yourfriend,” and some analysts think that gold will continue to trend higher on theback of a weaker U.S. dollar during the shortened trading week.The gold market found new momentum last week as the U.S.dollar was unable to break above key resistance levels and eventually pushed toa new three-year low early Friday. According to...Read More
It will be a bumper time for corporate earnings in the coming week, with over 15% of the FTSE 100 reporting results, though the main focus will be squarely on the banking sector.HSBC PLC (LON:HSBA), Barclays PLC (LON:BARC), Lloyds Banking Group PLC (LON:LLOY), and Royal Bank of Scotland PLC (LON:RBS) will also report numbers, with Laith Khalaf, senior analyst at Hargreaves Lansdown expecting a mix...Read More
(Kitco News) - As the old trading saying goes: “The trend is your friend,” and some analysts think that gold will continue to trend higher on the back of a weaker U.S. dollar during the shortened trading week.The gold market found new momentum last week as the U.S. dollar was unable to break above key resistance levels and eventually pushed to a new three-year low early Friday. Accordi...Read More
• A goodish USD rebound prompts some profit-taking. • Risk-on mood adds to the downward pressure. • US economic data eyed for some fresh trading impetus. Gold surrendered a major part of its early gains to 3-week tops and has now retreated to $1355 level ahead of the US economic data. A goodish US Dollar rebound from...Read More
Steel stocks are skyrocketing this afternoon, after the Commerce Department recommended the Trump administration impose steep tariffs and quotas on imports of steel and aluminum.Against this backdrop, options volume is skyrocketing on a handful of domestic steel producers, including Steel Dynamics, Inc. (NASDAQ:STLD) and United States Steel Corporation (NYSE:X).STLD Attracts Eleventh-Hour Option B...Read More
Mining Capital's Alastair Ford discusses the appointment of former prominent South African mining figure Cyril Ramaphosa as the country's new president.Ford says it's important for the country to know they'll be lead by people who have the economy at the centre of their minds.''Overall the global investment community seems to like this appointment'', he adds. Meet Medusa Mining, Cora Gold, G...Read More
* German 10-year bond yields drops to 0.699 percent* Euro zone bond yields still set to end week higher* U.S. 2-year yields set for biggest weekly rise in almost a year* Euro zone periphery govt bond yields - (Adds in German 10-year Bund yield low)By Dhara Ranasinghe and Fanny PotkinLONDON, Feb 16 (Reuters) - Euro area borrowing costs fell on Friday, with Germany's 10-year yield dropping to a one-...Read More
By Michelle SierraNEW YORK, Feb 16 (LPC) - Broadcom's US$100m loan package backing its proposed US$121bn acquisition of Qualcomm, is set to become the biggest-ever syndicated loan globally if the hostile deal goes ahead.US bankers are eagerly anticipating the mega financing, which breaches psychological barriers as the loan market moves to the next level, as well as potentially setting more record...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistSince the invention of the internal combustion engine, there have been many incredible innovations made in the auto industry.Manufacturers created new body styles and market segments, automatic transmissions and power steering were introduced, and safety features such as airbags made passengers much safer. Computers were even added into cars to...Read More
Diversified miner replaces Canadian civil servant-turned business leader with the sameRead full newsRead More
LONDON, Feb 16 (Reuters) - Gold miner Acacia Mining confirmed on Friday it had begun to value its Tanzanian operations for a potential sale after expressions of interest from Chinese buyers."The Company is engaging with a small number of potential investors, the process remains at a very early stage and there can be no certainty that an agreement will be reached," the London-listed miner...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Adds details, updates prices)LONDON, Feb 16 (Reuters) - The pound fell on Friday against a stronger dollar but rose versus the euro, with traders watching for any positive signs from a visit to Berlin by Prime Minister Theresa May.May is visiting German leader Angela Merkel, hoping to make progress on overcomin...Read More
* Merkel says Nord Stream 2 no threat to diversification* Says wants Ukraine to still have gas transit traffic* Poland fears increased dependence on Russian gas* Polish PM: Nord Stream 2 menaces Ukraine's existence (Adds quotes from Polish PM)By Joseph Nasr and Noah Barkin BERLIN, Feb 16 (Reuters) - The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's en...Read More