Recent News

Destination Europe for Italian high-speed rail upstart

January 23, 2018 / www.kitco.com

* Italo aims to export business model to Europe* Spain, Germany and France among possible targets* But faces long, costly task against state rivals* Co-founder tells Reuters about IPO plans: By Agnieszka Flak ROME, Jan 23 (Reuters) - Italian high-speed rail group Italo plans to export its flexible business model to other European countries such as Spain, Germany and France following its planned st...Read More

Cello Group eyeing further US healthcare expansion in 2018

January 23, 2018 / www.proactiveinvestors.co.uk

Mark Scott, chief executive of Cello Group plc (LON:CLL) caught up with Proactive Investors to discuss their 2017 update.Scott says the group traded well in the period with continued strong growth from their Cello Health division.The group successfully integrated two US acquisitions into Cello Health, which augmented like-for-like growth, as a result of which the group expects to report a full-yea...Read More

METALS-Copper slides to one-month low as inventories surge

January 23, 2018 / www.kitco.com

* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Updates with closing prices)By Eric OnstadLONDON, Jan 23 (Reuters) - Copper prices fell to their lowest in a month on Tuesday after rising inventories showed healthy supplies of refined metal.Lead, however, climbed to the highest since 2011 after stocks declined.On-warrant copper stocks - metal not earmarked for delivery from warehouses and available...Read More

Genius target Cerro de Pasco acquires El Metalurgista

January 23, 2018 / www.stockwatch.com

Mr. Guy Goulet reportsGENIUS PROPERTIES LTD.: ACQUISITION BY CERRO DE PASCO RESOURCES S.A. OF A 100% INTEREST IN EL METALURGISTA CONCESSION On Jan. 12, 2018, Genius Properties Ltd. target Cerro de Pasco Resources S.A. exercised its option to acquire a 100-per-cent interest in the El Metalurgista concession located in Peru (where the so-called Quiulacocha tailings and Excelsior stockpile are locate...Read More

Genius target Cerro de Pasco acquires El Metalurgista

January 23, 2018 / www.stockwatch.com

Mr. Guy Goulet reportsGENIUS PROPERTIES LTD.: ACQUISITION BY CERRO DE PASCO RESOURCES S.A. OF A 100% INTEREST IN EL METALURGISTA CONCESSION On Jan. 12, 2018, Genius Properties Ltd. target Cerro de Pasco Resources S.A. exercised its option to acquire a 100-per-cent interest in the El Metalurgista concession located in Peru (where the so-called Quiulacocha tailings and Excelsior stockpile are locate...Read More

GLOBAL MARKETS-Upbeat earnings lift stock markets; dollar at 3-year low

January 23, 2018 / www.kitco.com

* U.S. stocks edge higher in midday trading* World stocks hits record again* Treasury yields fall in line with Japanese govt bond yields (Updates with U.S. markets activity, changes byline, dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, Jan 23 (Reuters) - World stock markets broadly edged higher on Tuesday, with the U.S. market getting a lift from upbeat earnings from companies such a...Read More

Fed rejects effort to overturn industry ban for forex trader

January 23, 2018 / www.kitco.com

By Pete SchroederWASHINGTON, Jan 23 (Reuters) - The Federal Reserve announced Tuesday it had rejected a motion to void a $1.2 million fine and industry ban on a former Barclays Plc trader.The central bank banned and fined Christopher Ashton, the bank's former global head of foreign exchange spot trading, in May. Ashton had been penalized for his role in connection with manipulation of FX pricing b...Read More

Dow Reverses Course After Early Record High

January 23, 2018 / www.schaeffersresearch.com

U.S. stocks are mixed at midday, though the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all reached record highs earlier in the session. Netflix earnings have stolen the show today, as the well-received report provides tailwinds for the broader stock market. Comments from hedge fund legend Ray Dalio likely helped to spark a risk-on attitude, as well, after...Read More

MaxCyte Inc gearing up for phase I study of potential cancer breakthrough

January 23, 2018 / www.proactiveinvestors.co.uk

Doug Doerfler, chief executive of MaxCyte Inc (LON:MXCT), tells Proactive they're in a strong financial position as they prepare for the launch of a phase I clinical trial of a cancer treatment which helps to deploy the body's own immune defences to combat strains of the killer disease.Doerfler adds they're in active discussions with the US Food & Drug Administration to begin the study later t...Read More

German prosecutors extend Wirecard investigation

January 23, 2018 / www.kitco.com

BERLIN, Jan 23 (Reuters) - Munich prosecutors are extending an investigation into suspected market manipulation after a report criticised an acquisition by German payment processor Wirecard , sending its shares tumbling on Tuesday.A spokeswoman for the prosecutor's office said a new phase of the investigation was being opened over the report by the Southern Investigative Reporting Foundation (SIRF...Read More

US STOCKS-S&P, Nasdaq lifted by strong earnings from Netflix

January 23, 2018 / www.kitco.com

* Netflix at record high on upbeat Q4 subscriptions* P&G, J&J weigh on Dow* Trump slaps import tariffs on washing machines, solar panels* Indexes: Dow down 0.03 pct, S&P up 0.20 pct, Nasdaq up 0.57 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 23 (Reuters) - The S&P and the Nasdaq rose on Tuesday as upbeat earnings from Netflix spurred gains for the highly...Read More

Italy to offer up to 3.75 bln euros over 3 bonds at Jan. 26 auction

January 23, 2018 / www.kitco.com

MILAN, Jan 23 (Reuters) - Italy's Treasury said on Tuesday it would offer up to 3.75 billion euros over three bonds at auction on January 26.BOND TYPE CTZ 5-YR BTPEI15-YR BTPEIMATURITY Oct. 30, 2019 May 15, 2022Sept. 15, 2032TRANCHE 7th14th 16thCOUPON - 0.10 pct 1.25 pctAMOUNT OFFERED1.5-2.0 1.25-1.75(bln euros)SETTLEMENT DATEJan. 30(Milan Newsroom) Disclaimer: The views expressed in this article...Read More

Plastics maker Novares back on track with IPO - sources

January 23, 2018 / www.kitco.com

PARIS, Jan 23 (Reuters/IFR) - French plastics maker Novares will re-launch its initial public offering (IPO) on the Paris stock exchange in the coming days or weeks after postponing it last November, two sources familiar with the matter said.Novares has said it plans to raise 130-150 million euros via new shares. Its website says the company is seeking to use the IPO proceeds to finance new growth...Read More

UPDATE 1-South African rand drifts lower; stocks at record high

January 23, 2018 / www.kitco.com

(Updates to reflect afternoon trading)JOHANNESBURG, Jan 23 (Reuters) - South Africa's rand drifted lower on Tuesday as investors waited for more clues from the new leader of the ruling African National Congress on how he plans to rejuvenate the economy and when President Jacob Zuma might step down.At 1620 GMT, the rand was down 0.2 percent at 12.0800 per dollar, eating into gains of around one pe...Read More

UPDATE 1-Euro zone Jan consumer confidence jumps to 17-yr high

January 23, 2018 / www.kitco.com

(Adds economist comment, background)BRUSSELS, Jan 23 (Reuters) - Euro zone consumer confidence jumped much more than expected in January, a flash estimate from the European Commission showed on Tuesday, further underlining the momentum in the economy that is growing at its fastest in a decade.The Commission said consumer confidence in the 19 countries sharing the euro in January rose to 1.3 point...Read More

FOREX-Dollar slips vs euro after strong euro zone consumer confidence data

January 23, 2018 / www.kitco.com

* Dollar index hits fresh three-year low* Euro zone consumer confidence jumps more than expected in Jan* Dollar slips vs yen after BoJ meet (Updates prices and market activity to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 23 (Reuters) - The dollar slipped to a fresh three-year low against a basket of currencies on Tuesday after data showed euro zone consu...Read More

Gold Rallies To Daily High As U.S. Dollar Slumps

January 23, 2018 / www.kitco.com

(Kitco News) - Gold prices are moderately higher and have hit newsession highs in late-morning action Tuesday. After some light selling pressuredropped gold prices from their overnight highs, there were traders ready tostep in to "buy the dip." The rally in the gold market also coincidedwith a solid drop in the U.S. dollar index to a new three-year low today.Februarygold was las up $5.40...Read More

Italy centre-right divisions widen as League beats anti-euro drum

January 23, 2018 / www.kitco.com

By Massimiliano Di GiorgioROME, Jan 23 (Reuters) - The leader of Italy's far-right Northern League on Tuesday called the euro "a failed experiment" and presented outspoken anti-euro economists among his election candidates, widening divisions with his ally Silvio Berlusconi.The four-times prime minister Berlusconi is presenting himself as a moderate, pro-European figure ahead of the Marc...Read More

GoPro Stock Sinks Again On Morgan Stanley Downgrade

January 23, 2018 / www.schaeffersresearch.com

It's been rough sledding in the new year for GoPro Inc (NASDAQ:GPRO), and today is no different. This morning, Morgan Stanley downgraded the camera maker to "underweight" from "equal weight," while issuing a price-target cut to $5 from $9.50. Analysts at the firm noted that the company's camera usability is not improving fast enough, and that software development is critical for a rebound in 2018...Read More

Pretium shares tank after Brucejack ramp up disappoints

January 23, 2018 / www.mining.com

Shares in Pretium Resources Inc (NYSE:PVG) tanked on Tuesday after the company announced disappointing production and cost forecasts from its Brucejack gold-silver mine in British Columbia.During lunchtime trade the Vancouver-based producer was exchanging hands for $7.95 a share, down 26.3% on the New York Stock Exchange, in massive volumes of more than 10m shares traded. Pretium is now worth $1.9...Read More

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