BUENOS AIRES, Jan 24 (Reuters) - Argentina's economic activity expanded 3.9 percent in November, compared with the same month in 2016, government statistics agency Indec said on Wednesday, in line with median expectations in a Reuters poll for 3.9 percent growth. In the 11 months through November 2017, the economy expanded 2.9 percent compared with the same period the prior year. The economy grew...Read More
ABUJA, Jan 24 (Reuters) - Nigeria's lower house of parliament passed a bill on Wednesday that will allow the stock exchange to become a publicly listed company that can issue shares to investors.Oscar Onyema, chief executive of the Nigerian Stock Exchange (NSE), said last week he expected the bill to be signed into law this year .The upper house of parliament passed the bill in December. The bill...Read More
KIEV, Jan 24 (Reuters) - Ukrainian President Petro Poroshenko on Wednesday said he had a constructive and open meeting with International Monetary Fund chief Christine Lagarde on the sidelines of the World Economic Forum in Davos."Ukraine confirms its readiness to continue fruitful cooperation with the International Monetary Fund as an important factor in strengthening macroeconomic stability...Read More
(Removes extraneous text in paragraph 8)* Bank stocks follow Treasury yields higher* GE slips after revealing regulatory probe* Dollar slides on Mnuchin's remarks* Indexes down: Dow 0.01 pct, S&P 0.28 pct, Nasdaq 0.76 pct By Sruthi ShankarJan 24 (Reuters) - U.S. stocks fell on Wednesday after Commerce Secretary Wilbur Ross called China's 2025 technology strategy a "direct threat" a...Read More
(Kitco News) - Gold and silver pricesended the U.S. day session sharply higher and near theirdaily highs Wednesday. Gold scored a 4.5-month high and silver notched anine-week high. A sharply lower U.S. dollar index that slumped to a 3.5-yearlow today, and rallying crude oil prices that hit a 2.5-year high, areproviding the precious metals bulls with rocket fuel. February Comex gold waslast up $20....Read More
(Kitco News) - Gold and silver prices ended the U.S. day session sharply higher and near their daily highs Wednesday. Gold scored a 4.5-month high and silver notched a nine-week high. A sharply lower U.S. dollar index that slumped to a 3.5-year low today, and rallying crude oil prices that hit a 2.5-year high, are providing the precious metals bulls with rocket fuel. February Comex gold was last u...Read More
Jan 25 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,054.70 17.70 NZX 50**8,324.09 16.46DJIA26,157.55-53.26NIKKEI**23,940.78-183.37Nasdaq7,386.642-73.65FTSE**7,643.43 -88.40S&P 500 2,827.66 -11.47Hang Seng** 32,958.6927.99SPI 200 Fut 5,966.0-35.0 STI** 3,609.24 17.16SSEC**3,560.73 14.23 KOSPI** 2,5381.40---------------------------------------------------------------...Read More
BUENOS AIRES, Jan 24 (Reuters) - Argentina's peso currency plunged 1.6 percent on Wednesday to close at a historic low of 19.6525 per dollar, after the central bank slashed its benchmark policy rate to 27.25 percent on Tuesday. That marked the fifth consecutive session of declines for the peso. The central bank has cut interest rates by 150 basis points in the past month, after the government rela...Read More
Toronto, Ontario-(Newsfile Corp. - January 24, 2018) - McLaren Resources Inc. (CSE: MCL) (OTC: MLRNF) (FSE: 3ML) ("McLaren" / the "Company") is pleased to announce that the Company plans to establish a new subsidiary corporation to develop a blockchain platform for mining industry information using a distributed ledger system for the transfer of data, documentation and related information. Mining...Read More
Toronto, Ontario-(Newsfile Corp. - January 24, 2018) - McLaren Resources Inc. (CSE: MCL) (OTC: MLRNF) (FSE: 3ML) ("McLaren" / the "Company") is pleased to announce that the Company plans to establish a new subsidiary corporation to develop a blockchain platform for mining industry information using a distributed ledger system for the transfer of data, documentation and related information. Mining...Read More
Adding to the highly anticipated slate of earnings reports due this week is construction and mining equipment concern Caterpillar Inc. (NYSE:CAT), with the Dow name expected to report fourth-quarter earnings ahead of the bell tomorrow. Below, we will take a look at how CAT stock has been faring on the charts, and how options traders are speculating ahead of tomorrow's report.Looking closer, Caterp...Read More
Many pundits view gold's latest rally as a flash in the pan.They forget that it's a small part of a two-year recovery effort.An improving global economy will bolster gold's longer-term prospects. Despite a strong start to the New Year, many investors - retail and institutional alike - remain unconvinced of the strength behind gold's recovery. More than a few pundits have voiced the opi...Read More
NEW YORK, Jan 24 (Reuters) - The U.S. Treasury Department on Wednesday sold $34 billion of five-year government notes at a yield of 2.434 percent, which was the highest yield at an auction of this debt maturity since April 2010, Treasury data showed.The ratio of bids to the amount of five-year Treasuries offered was 2.48, the strongest reading since September. This measure of overall auction deman...Read More
Michael Rosenberg, non-executive chairman at Starcom Plc (LON:STAR), speaks to Proactive's Andrew Scott following the release of their trading update for the year to the end of December 2017.Rosenberg says they're expecting turnover to be at least $5.5mln.He adds that discussions are ongoing concerning further orders this year with the major European Industrial group they announced an initial cont...Read More
By Peter Hobson and Clara Denina LONDON, Jan 24 (Reuters) - The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia , has narrowed to two, three banking and industry sources said on Wednesday.The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said.The sources said Japanese trading house Sumitomo and Australi...Read More
(Adds share price reaction, 2018 outlook)Jan 24 (Reuters) - British oil rig builder Lamprell sees full-year revenue slipping to the bottom of its guidance range because of stagnant oil sector investment and losses at a windfarm project, it said on Wednesday, sending its shares sharply lower.The company said that total losses on its East Anglia One (EA1) offshore windfarm project would be about $8...Read More
* LME/ShFE arb: (Updates with closing prices)By Peter HobsonLONDON, Jan 24 (Reuters) - A sharply weaker dollar helped copper to rebound on Wednesday from a one-month low despite a second day of rapidly rising inventories that suggested there is plentiful supply of the metal used in power and construction. Nickel, meanwhile, pushed through a key technical level to reach a 2-1/2 year peak and lead a...Read More
MOSCOW, Jan 24 (Reuters) - Russian gold and silver producer Polymetal said on Wednesday its fourth-quarter revenue rose 12 percent on a year earlier to $586 million due to higher gold sales.The London-listed firm, part-owned by businessman Alexander Nesis, also said there would be no special dividend for 2017 due to higher payments of the regular dividend for 2017 and active investments in its key...Read More
Ian Pearson, chairman of EQTEC Plc (LON:EQT) caught up with Proactive's Andrew Scott to update on their pipeline of projects in the UK and Croatia following the deal last year between EQTEC and EQTEC Iberia.''We've got a proven model which works, we've got patented technology and some world-class engineering skills ... and partnerships with contractors that can deliver the projects that I think th...Read More
* Wall St mood cools after Wilbur Ross comments on China* U.S. Treasury prices tumble after Mnuchin endorses weak dollar* Dollar dented by Mnuchin comments, slips vs all major peers (Updates with midday U.S. markets activity)By Caroline ValetkevitchNEW YORK, Jan 24 (Reuters) - The U.S. dollar extended recent weakness, hitting three-year lows again, and U.S. bond prices eased on Wednesday after U.S...Read More