(Adds estimates, share movement)Jan 25 (Reuters) - Western Digital Corp reported a slightly better-than-expected 9.2 percent jump in quarterly revenue on Thursday, as it benefited from healthy pricing for NAND memory chips and strong demand for memory chips used in PCs and smartphones.The company's revenue rose to $5.34 billion in its second quarter ended Dec. 29 from $4.89 billion a year earlier...Read More
Mr. Brian Morris reports KLONDEX CONTINUES TO EXTEND HIGH GRADE MINERALIZATION AT FIRE CREEK'S ZEUS TARGET, INCLUDING 1.65 OPT AU OVER 35.0 FT; COMPANY SCHEDULES ANNOUNCEMENT OF 2017 OPERATING RESULTS AND 2018 GUIDANCEKlondex Mines Ltd. has provided the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek mine located in northern Nevada, United States.Su...Read More
Mr. Brian Morris reports KLONDEX CONTINUES TO EXTEND HIGH GRADE MINERALIZATION AT FIRE CREEK'S ZEUS TARGET, INCLUDING 1.65 OPT AU OVER 35.0 FT; COMPANY SCHEDULES ANNOUNCEMENT OF 2017 OPERATING RESULTS AND 2018 GUIDANCEKlondex Mines Ltd. has provided the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek mine located in northern Nevada, United States.Su...Read More
* Dollar reverses after Trump comments* Gold drops more than 1 percent (New throughout, updates prices and market activity and comments)By Renita D. Young and Peter HobsonNEW YORK/LONDON, Jan 25 (Reuters) - Gold dropped more than 1 percent on Thursday, retreating after an early rise as the U.S. dollar strengthened when President Donald Trump talked up a stronger greenback.The dollar reversed earli...Read More
* Biogen climbs after earnings* Intel up after bell, Starbucks down* Indexes end: Dow +0.54 pct, S&P 500 +0.06, Nasdaq -0.05 pct (Updates with close of market)By Noel RandewichNEW YORK, Jan 25 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although Wall Street relinquished bigger gains after President Donald Trump said he wants a st...Read More
By Alana WiseNEW YORK, Jan 25 (Reuters) - U.S. airline shares sunk further on Thursday as quarterly reports from American Airlines and Southwest Airlines did nothing to quell investors' fears that carriers' plans to expand capacity will lead to lower fares just as the industry faces rising costs. Fears about the resulting hit to bottom lines sent the NYSE Arca Airline Index down 2.4 percent. It is...Read More
Stocks finished the day mixed, with the S&P ending flat and the Nasdaq erasing early gains, after President Trump said Treasury Secretary Steve Mnuchin's recent comments were taken out of context, and that he expects the greenback to get "stronger and stronger." Before reversing higher on Trump's endorsement, the dollar earlier fell to a three-year low against a basket of its foreign rivals, as tr...Read More
Jan 25 (Reuters) - Western Digital Corp reported a 9.2 percent rise in quarterly revenue on Thursday, as it benefited from healthy NAND pricing and strong demand for its memory chips used in PCs and smartphones.The company's revenue rose to $5.34 billion in the second quarter ended Dec. 29 from $4.89 billion a year earlier.The data-storage device maker posted a net loss of $823 million, or $2.78 p...Read More
TORONTO, Jan 25 (Reuters) - Canada's main stock index fell on Thursday as lower commodity prices pressured energy and materials shares, while shares of financial companies also lost ground.The Toronto Stock Exchange's S&P/TSX composite index closed down 80.2 points, or 0.49 percent, at 16,204.01. Five of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Sandra Male...Read More
Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST), tells Proactive's Andrew Scott they've agreed a conditional refinancing and offtake deal.It's with Mercuria Energy Trading for 100% of the copper and zinc concentrate produced at Vast's Manaila and Baita Plai polymetallic mines in Romania.Should Vast go ahead and accept the offer, Mercuria will make up to US$9.5mln available to the c...Read More
Proactive Investors' editor Ian Lyall reports on the release this afternoon by Summit Therapeutics PLC (LON:SUMM,NASDAQ:SMMT) of encouraging data for its treatment for Duchenne Muscular Dystrophy (DMD).The interim results for the PhaseOut study revealed a "statistically significant and meaningful" reduction in muscle damage in patients taking the company's treatment, ezutromid.Duchenne Muscular Dy...Read More
NEW YORK, Jan 25 (Reuters) - The Dow Jones Industrial Average and S&P 500 hit record highs on Thursday although much of Wall Street relinquished earlier gains after President Donald Trump said he wants a strong dollar.The Dow Jones Industrial Average rose 140.67 points, or 0.54 percent, to 26,392.79, the S&P 500 gained 1.71 points, or 0.06 percent, to 2,839.25 and the Nasdaq Composite drop...Read More
Western Copper and Gold Corporation ("Western" or the "Company")(TSX:WRN, NYSE AMERICAN:WRN) announces that it has amended the terms of the non-brokered private placement announced on January 22, 2018.Read full newsRead More
(Adds details)By Andrea MandalaMILAN, Jan 25 (Reuters) - European Central Bank supervisors want euro zone lenders to reduce the weight of impaired loans so it falls below 10 percent of total debts fairly quickly, the head of Italy's fifth-largest bank UBI said on Thursday.The ECB is pressuring European lenders to tackle a $1 trillion pile of debts that turned sour due to an economic slump. In Ita...Read More
* Greenback recovers after Trump says he wants 'strong dollar'* Oil up on tight supply and weak dollar, Brent passes $71* Wall St surrenders gains after Trump talks up dollar (Updates with reaction to Trump comments on dollar)By Caroline ValetkevitchNEW YORK, Jan 25 (Reuters) - The dollar reversed losses and U.S. stocks relinquished gains after U.S. President Donald Trump backed a strong dollar.Th...Read More
- Bullion retreats from highs around $1,370/oz. - USD weakness remains the sole driver of the upside. - Focus on Trump’s speech at Davos. The upbeat sentiment around the yellow metal stays unabated so far this week, with the ounce troy hovering over the $1,370 area, or multi-month tops. Gold gains capped just below $1,370 The increasing selling pressure around the greenback has been the sole...Read More
(Kitco News) - Bitcoin and cryptocurrencies should not be considered asubstitute for gold, according to the World Gold Council.In a report published Thursday, the WGC said that goldpossesses several characteristics that differentiate it from digitalcurrencies. The most notable factor is that cryptocurrencies have yet to provetheir worth as a strategic component to a portfolio, unlike gold. “...Read More
(Kitco News) - Bitcoin and cryptocurrencies should not be considered a substitute for gold, according to the World Gold Council. In a report published Thursday, the WGC said that gold possesses several characteristics that differentiate it from digital currencies. The most notable factor is that cryptocurrencies have yet to prove their worth as a strategic component to a portfolio, unlike gold. &...Read More
* Dollar reverses losses after Trump comments* ECB keeps ultra-easy policy firmly on hold (Updates prices, market activity, adds comment)By Stephanie KellyNEW YORK, Jan 25 (Reuters) - The U.S. dollar reversed losses on Thursday when President Donald Trump said he wanted a "strong dollar," a day after Treasury Secretary Steven Mnuchin said he welcomed a weaker greenback, which moved the c...Read More
Komet Resources Inc. (TSX VENTURE:KMT) ('Komet' or the 'Company') is pleased to announce that it has closed the first tranche of a non-brokered private placement with accredited investors as well as with a director of Komet (the 'Insider') by issuing 1,600,500 units (the 'Units') at a price of $0.37 per Unit, for total gross proceeds to Komet of $592,585.Rea...Read More