Recent News

Deutsche Boerse creates index using algorithm to track AI leaders like Apple

January 22, 2018 / www.kitco.com

FRANKFURT, Jan 22 (Reuters) - Deutsche Boerse has launched an index that tracks companies that are leaders in artificial intelligence (AI) by using an algorithm to identify early adopters of the technology.Companies in the index include Apple , Deutsche Telekom , Bank of America and Facebook , the German stock exchange operator said on Monday.It said it had found a way to identify AI-related paten...Read More

UPDATE 1-Instone Real Estate plans Frankfurt listing

January 22, 2018 / www.kitco.com

* Instone seen valued at more than 1 bln eur -sources* Instone to issue new shares worth 150 mln eur* Two thirds of proceeds for investments in new projects (Adds deal value)FRANKFURT, Jan 22 (Reuters) - Instone Real Estate Group, a German residential property developer, said on Monday it planned to list its shares on the Frankfurt Stock Exchange this year.The company is expected to be valued at m...Read More

Stock Futures Slump as Government Shutdown Continues

January 22, 2018 / www.schaeffersresearch.com

U.S. stock futures are trading below fair value, as the government shutdown extends to a third day. The Senate failed to pass a short-term spending bill over the weekend, though Majority Leader Mitch McConnell has scheduled a vote for 12 p.m. ET today for a stopgap bill that would fund the federal government through Feb. 8. Among individual stocks, Netflix (NFLX) will likely be in focus ahead of t...Read More

Randgold's Kibali mine in DRC to achieve full production this year

January 22, 2018 / www.mining.com

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it expected its Democratic Republic of the Congo mine to achieve full production this year, following the commissioning of its underground operation's automated ore handling and hoisting system.Mine is on track to produce its target of 700,000 ounces of gold in 2018.The company, which has five operating gold mines across west...Read More

Randgold's Kibali mine in DRC to achieve full production this year

January 22, 2018 / www.mining.com

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it expected its Democratic Republic of the Congo mine to achieve full production this year, following the commissioning of its underground operation's automated ore handling and hoisting system.Mine is on track to produce its target of 700,000 ounces of gold in 2018.The company, which has five operating gold mines across west...Read More

Randgold's Kibali mine in DRC to achieve full production this year

January 22, 2018 / www.mining.com

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it expected its Democratic Republic of the Congo mine to achieve full production this year, following the commissioning of its underground operation's automated ore handling and hoisting system.Mine is on track to produce its target of 700,000 ounces of gold in 2018.The company, which has five operating gold mines across west...Read More

Profit and cash well ahead of expectations for Learning Technologies

January 22, 2018 / www.proactiveinvestors.co.uk

Jonathan Satchell, chief executive of Learning Technologies Group PLC (LON:LTG) tells Proactive's Andrew Scott profit and cash generation in 2017 were significantly ahead of expectations.Satchell says they're expecting group revenues for 2017 to be not less than ?51.8mln, up from ?28.3mln in 2016.The strong performance was driven by organic revenue growth of more than 20% (excluding the Civil Se...Read More

Lagarde says bullish economic outlook masks risks

January 22, 2018 / www.kitco.com

DAVOS, Switzerland, Jan 22 (Reuters) - Global growth will continue to strengthen this year and next, but a buildup of debt poses risks and policymakers must avoid complacency, IMF Managing Director Christine Lagarde said on Monday in Davos."Global growth has been accelerating since 2016 and all signs point to a continuous strengthening of that growth, this year in 2018 and next year in 2019,&...Read More

US STOCKS-Wall St on track to open lower as U.S. shutdown enters third day

January 22, 2018 / www.kitco.com

* Juno Therapeutics jumps after Celgene's $9 bln deal* AIG to buy reinsurer Validus for $5.6 bln* Senate to vote on extending U.S. funding at noon* Futures down: Dow 49 pts, S&P 0.75 pts, Nasdaq flat (Adds comment, updates prices, details)By Sruthi ShankarJan 22 (Reuters) - Wall Street was set to start the week slightly lower as a U.S. government shutdown entered its third day, while investors...Read More

Franco-Nevada Adds Additional Cobre Panama Metals Stream

January 22, 2018 / www.kitco.com

Franco-NevadaCorp. (TSX, NYSE: FNV) says subsidiary Franco-Nevada (Barbados) Corp. hasagreed to acquire a precious-metals stream on Korea Resources Corp.’s (KORES)10% indirect interest in the Cobre Panama project for $178 million. Terms arethe same as the $178 million stream announced in September in connection withthe First Quantum Minerals Ltd. acquisition of a separate 10% interest fromLS...Read More

Gem Diamonds on a roll, now finds 149-carat rock

January 22, 2018 / www.mining.com

Barely a week after finding the world's fifth-biggest diamond in history, Africa-focused Gem Diamonds (LON:GEMD) has unearthed yet another massive rock at its flagship Let??eng mine in Lesotho.The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its prolific mine. Earlier in the month the miner discover...Read More

Gem Diamonds on a roll, now finds 149-carat rock

January 22, 2018 / www.mining.com

Barely a week after finding the world's fifth-biggest diamond in history, Africa-focused Gem Diamonds (LON:GEMD) has unearthed yet another massive rock at its flagship Let??eng mine in Lesotho.The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its prolific mine. Earlier in the month the miner discover...Read More

LOOT to expand product offering & accelerate user growth after ?2.2mln raise

January 22, 2018 / www.proactiveinvestors.co.uk

LOOT CEO and founder Ollie Purdue tells Proactive's Andrew Scott what they offer is a current account and contactless Mastercard card which offers users an insight into their spending with personalised features.Purdue says in the second half of the year they're looking to introduce an overdraft facility and further down the track a wealth management service as well.  Meet Netscientific PLC, d...Read More

UPDATE 1-Kenya central bank holds main lending rate at 10.0 pct

January 22, 2018 / www.kitco.com

(Adds details)NAIROBI, Jan 22 (Reuters) - Kenya's central bank held its benchmark lending rate at 10.0 percent on Monday, saying inflation was within its preferred range and there was increased optimism about the outlook for economic growth.A Reuters poll of 10 analysts had expected policymakers to hold the benchmark rate. The bank's Monetary Policy Committee (MPC) said there was room for "a...Read More

U.S. shutdown seen a threat to economy, not rating - Moody's

January 22, 2018 / www.kitco.com

NEW YORK, Jan 22 (Reuters) - The U.S. government shutdown that began on Saturday is disruptive to the economy, but poses no immediate threat to its top notch Aaa-rating as long as it makes its debt payments on time, Moody's Investors Service said on Monday.The federal shutdown, the first since 2013, would make it likely the issue of raising the statutory borrowing limit would become part of the ne...Read More

Fear of Losing More Sparks Short-Seller Stampede

January 22, 2018 / www.schaeffersresearch.com

"On Wednesday, the RSI moved above 80 for the first time since Feb. 21, 2017. Looking back at data for the SPDR S&P 500 ETF (SPY - 277.92)since 1993, this has happened only eight times. Although it is a limited sample size, when RSI reaches this level, the SPY has historically underperformed over one-week and one-month times. The other big takeaway is that the SPY has outperformed over three-month...Read More

Gold Fails To Break Out; Let The Selling Begin

January 22, 2018 / www.kitco.com

As a long-term gold and silver bull, it's always hard to write negatively about the metals, but being a markettechnician, I also must read the charts and follow the footprints they leave.The metals have had a great move higher and now look to have hit the pausebutton; they are ready to see some profit taking.Investors in the metals should behappy about the next sell-off, which is really going to b...Read More

U.S. Dollar Due For Short-Term Bounce - TD Securities

January 22, 2018 / www.kitco.com

Much of the bad news surrounding the U.S. governmentshutdown has been priced into the U.S. dollar, thus the greenback could be duefor a short-term correction higher, according to foreign-exchange analyst at TDSecurities. However, the bank is maintaining is an overall bearish view of the U.S.dollar, despite the risk of a short-term rally. “As the circus plays out, weexercise caution on chasin...Read More

Gold Prices Slightly Down Amid Chart Consolidation

January 22, 2018 / www.kitco.com

(Kitco News) - Gold prices are modestly lower in early U.S. trading Monday. Some backing andfilling on the charts is featured following recent price gains that pushed goldto a four-month high. February Comex gold was last down $1.70 an ounce at $1,331.40.March Comex silver was last down $0.111 at $17.025 an ounce.TheU.S. government remains shut down for the third day, as U.S. lawmakers cannotagree...Read More

Euro zone awaits expert view on Greek reforms to disburse new loans

January 22, 2018 / www.kitco.com

BRUSSELS, Jan 22 (Reuters) - Euro zone finance ministers will decide on Monday whether Greece is eligible for the next tranche of bailout loans after listening to an expert review of reforms recently adopted by Athens, top euro zone officials said.To pay out 6.7 billion euros ($8.2 billion) of new loans, probably in more than one tranche, international lenders have asked Greece to adopt 110 "...Read More

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