LONDON, Jan 24 (Reuters) - Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana, considered by miners as a safe African jurisdiction seeking to diversify its economy from its reliance on diamonds.Formerly known as Alecto Minerals, which ceased trading last July, Cradle Arc was renamed and relaunched on London's AIM market for small companies with...Read More

Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices.In a research report consultants Wood Mackenzie said the combination of scheduled mine closures, top producer Glencore's strategic cuts and the impact of environmenta...Read More

(Updates with ISS quotes)By Ben MartinLONDON, Jan 24 (Reuters) - Cineworld's attempt to buy U.S. rival Regal Entertainment has been dealt a blow after advisory group Institutional Shareholder Services told investors to oppose the $3.6 billion deal because it posed "significant financial and operation risks."London-listed Cineworld agreed to buy Regal last month through a reverse takeove...Read More

(Bloomberg) - Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar. Volume soared in the futures market, with trading more than double the daily average.Gold for April delivery climbed 1.5 percent to settle at $1,361.40 an ounce at 1:37 p.m. on the Comex in New York. Holdings in exchange-traded funds backed by the metal climbed to t...Read More

(Adds background, details)By Alana WiseJan 24 (Reuters) - Shares of United Continental Holdings Inc plummeted in Wednesday morning trading, triggering a drop in shares across the sector, after it promised to increase capacity and compete head-to-head with budget carriers, stirring fears of a deepening industry price war.United shares fell 12.65 percent to $68.15 in midday trading as investors rea...Read More

LONDON, Jan 24 (Reuters) - The Presidents Club, a British charity, said on Wednesday it would shut down and hold no further fundraising events after the Financial Times reported female hostesses were groped and harassed at a men-only gala it organised last week."The trustees have decided that the Presidents Club will not host any further fundraising events. Remaining funds will be distributed...Read More

Another strong round of corporate earnings helped lift the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) to record highs this morning. While the latter two have since erased these earlier gains, the Dow is holding higher thanks to a rally in financial stocks -- with Goldman Sachs (GS) and JPMorgan Chase (JPM) some of the best performing blue chips so far. Gol...Read More

* Indexes up: Dow 0.25 pct, S&P flat, Nasdaq off 0.46 pct (Updates to early afternoon)By Sruthi ShankarJan 24 (Reuters) - U.S. stocks pared gains on Wednesday after Commerce Secretary Wilbur Ross called China's 2025 technology strategy a "direct threat" and hinted at action against Beijing, stirring fears of a tit-for-tat trade war. Speaking at the World Economic Forum in Davos, Ross...Read More

   •  Heavy USD selling remains supportive of the up-move.   •  Reviving safe-haven demand provides an additional boost. Gold continued gained bullish traction through the mid-European session and rose to its strongest level in more than 4-months.  A broadly weaker US Dollar, which extended its downward spiral after the US Treasury Secretary Steven Mnuc...Read More

PARIS, Jan 24 (Reuters) - France's jobless total dipped in December by 2,700 to the lowest level in more than three years, Labour Ministry data showed on Wednesday in further evidence of a job market recovery.The number of people registered as out of work in mainland France fell to 3.451 million, down 0.1 percent over one month and 0.5 percent over one year. The decrease brought the total to its l...Read More

(Bloomberg) - For South African gold miners, it's both the best and worst of times.The metal started the year with a bang, rising 4 percent so far and trading near the highest since August 2016. But an equally impressive rally in the rand means that South Africa-focused producers are likely to miss out on the party.Because mining companies pay most of their expenses in local currency, a stronger...Read More

The numbers: Existing-home sales hit a 5.57 million seasonally adjusted annual rate in December, the National Association of Realtors said Wednesday. The consensus forecast among economists surveyed by MarketWatch was for a 5.73 million annual rate. What happened: Sales of previously owned homes tumbled in December as an ongoing inventory crunch worsened. Existing-home sales were down 3.6% for...Read More

(corrects figure to 'billion', from 'million', paragraph 2)By Loucoumane CoulibalyABIDJAN, Jan 24 (Reuters) - Ivory Coast's mining sector turnover rose by 11.5 percent in 2017, an increase achieved mainly via exports of gold, manganese and nickel, the government spokesman said on Wednesday."The mining sector announced a sales revenue of 539 billion CFA francs($1.02 billion) in 2017, compared...Read More

MILAN, Jan 24 (Reuters) - Italy's Treasury said on Wednesday it would offer 6.5 billion euros in 6-month bills at auction on January 29.6-mth BOT billsAUCTION DATE Jan. 29SETTLEMENT DATEJan. 31MATURITYJuly 31, 2018AMOUNT OFFERED 6.5 blnEXPIRING AMOUNT6.5 bln(Reporting by Milan Newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Meta...Read More

VANCOUVER, Jan 23 (Reuters) - Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday, after Leagold Mining Corp unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc.Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain wary of big purchase...Read More

It's officially earnings season, with a handful of blue chips and big-cap stocks reporting this week. What's more, there are still hundreds of notable companies still on deck to report soon. Against this backdrop, we decided to take a look at some stocks that could make big moves on the charts, if past is prologue -- including Nucor Corporation (NYSE:NUE) and Nvidia Corporation (NASDAQ:NVDA) -- an...Read More

Gold continues to hit new highs for the year. At a good $1350 per troy ounce, the precious metal is trading at its best level since 8th September 2017. This was the day when gold formed its high at $1357 last year, before dropping $120 or 8.8% to $1237 by 12th December 2017. But fast forward a month and a bit, and gold is now threatening to break above last year’s high. Will it be able to do...Read More

MILAN, Jan 24 (Reuters) - A special purpose acquisition company (SPAC) promoted by Italian merchant bank Mediobanca and other investors will be listed on the Milan bourse in early February, two market sources said on Wednesday.The SPAC has already drawn 100 million euros in contributions and aims to use proceeds of its initial public offering to acquire a stake in one or more industrial companies,...Read More

Kevin Van Wouw, Cradle Arc PLC's (LON:CRA)  chief executive, tells Proactive that production at the Botswana-based copper mine will be 12,000 tonnes per year with an upgrade programme to increase this to 20,000tpa.Copper prices are also rising and the miner will take advantage of this to build the resources at Mowana.in Zambia, the Matala gold project is ready to begin development and Cradle...Read More

* Bank stocks lead gains for main indexes* Airline stocks down after United Continental's report* Mnuchin's remarks spark declines in dollar* Indexes up: Dow 0.41 pct, S&P 0.26 pct, Nasdaq 0.16 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 24 (Reuters) - U.S. stocks rose on Wednesday, driven by gains in bank stocks, while shares in General Electric fell after the comp...Read More