A staggering rally in the shares of Indian graphite electrode producer HEG Ltd. shows no sign of losing steam as global shortages persist amid increasing demand from European steelmakers.Read full newsRead More
* Japan's U.S. bond holdings lowest since June 2013* Falling stakes in U.S. bonds coincide with weak dollar* Notion of dollar's top reserve status seen in question (Recasts lead paragraph, adds background, analyst comments)By Richard LeongNEW YORK, Jan 17 (Reuters) - China and Japan, the two biggest foreign U.S. creditors, reduced their holdings of U.S. government debt in November when the dollar...Read More
* Banker charged over 2011 forex deal* Pleas not guilty, lawyer says he is innocent* Second former forex head to be charged in U.S. (Adds plea and bail from hearing, comment from Bogucki's lawyer)By Lawrence White and Brendan PiersonLONDON/NEW YORK, Jan 17 (Reuters) - The U.S. Department of Justice (DoJ) on Tuesday charged a Barclays foreign exchange trader based in New York over his alleged role...Read More
Gold trading began on a positive note today with prices fractionally higher to trade up $2 to $3 on the day. This trend would continue for the better part of the trading session. Toward the end of the trading session, the dollar index began to strengthen and move out of negative territory. After trading for four consecutive days of higher highs, traders have bid the precious yellow metal lower to...Read More
Gold trading began on a positive note today with prices fractionally higher to trade up $2 to $3 on the day. This trend would continue for the better part of the trading session. Toward the end of the trading session, the dollar index began to strengthen and move out of negative territory. After trading for four consecutive days of higher highs, traders have bid the precious yellow metal lower to...Read More
WASHINGTON, Jan 17 (Reuters) - The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan's Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.The Fed said its most recent 2016 inspection of the Taiwanese bank revealed "significant deficiencies" at its U.S....Read More
If regulatory concerns aren't enough to explain Bitcoin's 50 percent slump from its record high reached last month, how about blaming it on the moon?Read full newsRead More
Canada's Torex Gold Resources (TSX: TXG) announced this week that a team of unionized employees and management has been gradually restarting priority areas of its El Lim??n-Guajes mine, located in the state of Guerrero and one of the richest open-pit gold deposits in Mexico.In an official statement, the Toronto-based miner said that more employees will be called back as additional sections of the...Read More
Canada's Torex Gold Resources (TSX: TXG) announced this week that a team of unionized employees and management has been gradually restarting priority areas of its El Lim??n-Guajes mine, located in the state of Guerrero and one of the richest open-pit gold deposits in Mexico.In an official statement, the Toronto-based miner said that more employees will be called back as additional sections of the...Read More
(Adds detail about Viacom, talks)By Jessica ToonkelJan 17 (Reuters) - Shari Redstone, a controlling shareholder of CBS Corp , has discussed adding new directors to the CBS board as she renews her push to merge the company with Viacom Inc , The Wall Street Journal reported on Wednesday.Shari Redstone and Sumner Redstone, her ailing 94-year-old father, together control both CBS and Viacom Inc throu...Read More
Phivida Activates Distribution Agreement for Washington MarketVANCOUVER, Jan. 17, 2018 /CNW/ - Phivida Holdings Inc. (Read full newsRead More
Gold's breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it's got room to run.Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its 6 percent gain over the past month."I'm always a bit nervous when gold prices rise this much, this fast," said Mark O'Byrne, marketing director of bullion dealer GoldCore Ltd. "But...Read More
(Updates prices)* Canadian dollar at C$1.2427, or 80.47 U.S. cents* Loonie touches its strongest since Jan. 5 at C$1.2362* Bond prices lower across much of the yield curve* Canada-U.S. 2-year spread widens by 1.7 basis points By Fergal SmithTORONTO, Jan 17 (Reuters) - The Canadian dollar changed little against the greenback in a Wednesday's seesaw session after the Bank of Canada hiked interest r...Read More
(Adds details, updates prices to close)* TSX ends up 27.82 points, or 0.17 percent, at 16,326.70* Eight of TSX's 10 main groups move higher TORONTO, Jan 17 (Reuters) - Canada's main stock index ended higher on Wednesday, with financial stocks leading a broad but shallow rally as the Bank of Canada hiked rates, offsetting losses among gold miners as the price of the precious metal slipped.* The T...Read More
(Adds Breakingviews link, updates share price)By Sweta Singh and Elizabeth DiltsJan 17 (Reuters) - Bank of America Corp's quarterly profit was nearly chopped in half by tax-related charges but the lender's management promised the new U.S. tax system would eventually benefit shareholders. The tax overhaul, signed by U.S. President Donald Trump late in December, is taking a chunk out of Wall Street...Read More
Stocks made up for yesterday's losses during today's trading, with the Dow touching a fresh record high to mark its first close above 26,000.The blue-chip index skyrocketed more than 300 points by the closing bell, marking its best session since late November. A big day for Boeing (BA) stock helped the Dow higher, overshadowing a negative earnings reaction for Goldman Sachs (GS). A rally in tech...Read More
* Tech shares lead Wall St higher but Goldman, Bank of America lag* Dollar higher in choppy session* Oil edges up ahead of inventory data (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 17 (Reuters) - World shares advanced on Wednesday to touch a record as Wall Street rallied on a rebound in technology shares while economic reports supported the dollar and...Read More
SANTIAGO, Jan 17 (Reuters) - Output at BHP Billiton PLC's Escondida mine in Chile, the largest copper mine in the world, fell 7.8 percent in 2017 compared to the prior year due to a prolonged strike, the company said in a statement on Wednesday.The decline to 903,000 tonnes came despite the start of operations at a new wing.BHP said production in the second half of the year grew 29 percent to 583,...Read More
Jan 18 (Reuters) - Australian shares are set to rise on Thursday, taking their cue from Wall Street which climbed on higher earnings expectations.Investors' expectations for higher earnings lifted U.S. stocks across sectors on Wednesday, with the main Wall Street indexes all rising about one percent. Australian share price index futures rose 0.2 percent, or 9 points to 5,969, a 46.8-point discount...Read More
(Kitco News)- Selling pressure in gold picked up late in Wednesday’strading session as the U.S. dollar found some new momentum and equities see itsbest day in more than a month.Within a 30-minute period, more than 2 million ounceswere sold, pushing Comex gold futures prices to session lows. However, themarket continues to hold critical support levels, according to some analysts.February Gol...Read More