Recent News

Uruguay says plans to issue $2.7 bln in bonds this year

February 01, 2018 / www.kitco.com

MONTEVIDEO, Feb 1 (Reuters) - Uruguay needs financing of $3.077 billion this year and will help meet that amount through multi-lateral borrowing and issuance of $2.7 billion in bonds, the economy ministry said in its quarterly debt report on Thursday.The country ended 2017 with a fiscal deficit of $2.0 billion, or about 3.5 percent of gross domestic product.Proceeds from the bonds due to be issued...Read More

FOREX-Dollar poised for weekly loss despite higher U.S. yields

February 01, 2018 / www.kitco.com

* Dollar index sags, not far from three-year low* Strong manufacturing survey underpins euro* U.S. jobs report in focus later on Friday By Lisa TwaroniteTOKYO, Feb 2 (Reuters) - The dollar nursed losses against a basket of currencies on Friday, on track for a weekly fall as investors focused on renewed economic strength in the eurozone.The dollar index, which tracks the greenback against a basket...Read More

Klondex produces 189,456 AuEq oz in 2017

February 01, 2018 / www.stockwatch.com

Mr. Paul Huet reports KLONDEX REPORTS 2017 PRODUCTION RESULTS AND PROVIDES 2018 GUIDANCE; ANNOUNCES POSTPONEMENT OF INVESTOR DAY Klondex Mines Ltd. has releasedits preliminary operating results for the fourth quarter and full-year 2017. In addition, the company reported that its investor day, previously scheduled for Feb. 7, 2018, has been postponed as Paul Huet, the president and chief executive...Read More

Klondex produces 189,456 AuEq oz in 2017

February 01, 2018 / www.stockwatch.com

Mr. Paul Huet reports KLONDEX REPORTS 2017 PRODUCTION RESULTS AND PROVIDES 2018 GUIDANCE; ANNOUNCES POSTPONEMENT OF INVESTOR DAY Klondex Mines Ltd. has releasedits preliminary operating results for the fourth quarter and full-year 2017. In addition, the company reported that its investor day, previously scheduled for Feb. 7, 2018, has been postponed as Paul Huet, the president and chief executive...Read More

China Stocks-Factors to watch on Friday

February 01, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -0.7 pct, HSI -0.8 pct* Shanghai->HK daily quota used 17.8 pct* HK->Shenzhen Connect daily quota used 9.3 pct, Shenzhen->HK daily quota used 4.5 pct* CNY official close 6.2965 per dollar* FTSE China A50 +0.4 pct, BNY Mellon ADR China Select Index -1.7 pct SHANGHAI, Feb 2 (Reuters) - Following is a list of recent corporate and polic...Read More

US STOCKS-Wall St shares forfeit early gains as bond yields rise

February 01, 2018 / www.kitco.com

* Bank stocks buoyed by hawkish Fed comments* UPS falls as higher costs hurt profit* Amazon up, Alphabet and Apple down in extended trading after results* Dow up 0.14 pct, S&P 500 down 0.06 pct, Nasdaq down 0.35 pct (Adds Federal Reserve quote on inflation in paragraph 4)By Stephen CulpFeb 1 (Reuters) - Wall Street stocks gave up early gains on Thursday as bond yields rose and technology stock...Read More

DIARY-Government Debt Auctions to Feb 28

February 01, 2018 / www.kitco.com

Feb 2 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 5-FebNetherlands DTC auction 5-FebFranceAuction of BTF Treasury notes 6-FebUnited States Sale of 3-year notes 6-FebBelgium Auction of Treasury bills 7-FebGermany Auction of 10-year Federal bonds 7-FebUnited States Sale of 10-year notes...Read More

DIARY-Emerging Markets Economic Events to March 29

February 01, 2018 / www.kitco.com

Feb 2 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 5SINGAPORE - ASEAN Finance and Centra...Read More

DIARY-Top Economic Events to March 23

February 01, 2018 / www.kitco.com

Feb 2 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- FRIDAY, FEBRUARY 2 AUSTIN - Federal Reserve Bank of Dallas President Robert Kaplan participates...Read More

UPDATE 1-U.S. fund investors 'buy the dip' in stock, bond markets

February 01, 2018 / www.kitco.com

(Adds data on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Feb 1 (Reuters) - U.S. fund investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday.Relatively low-risk money-market funds recorded $26 billion in withdrawals during the week ended Jan. 31, while stock mutual fu...Read More

Japan regulator conducting on-site inspection of Coincheck -Aso

February 01, 2018 / www.kitco.com

TOKYO, Feb 2 (Reuters) - Japanese Finance Minister Taro Aso said on Friday that financial regulators were conducting an on-site inspection of Coincheck, after hackers last week stole more than $500 million from the cryptocurrency exchange.Aso, speaking to reporters after a regular cabinet meeting, said the decision was made based on the need to protect users. (Reporting by Tetsushi Kajimoto; Edit...Read More

U.S. Dollar At A Critical Price Point

February 01, 2018 / www.kitco.com

The U.S. dollar continues to trade under pressure and is now at a critical support level. The dollar index has lost almost half of a percentage in value today and is currently fixed at 88.54. If the dollar continues to trade at this level, it will mark the eighth consecutive week in which it has closed below its opening price on Monday.Beginning in mid-December of last year, the dollar went into a...Read More

U.S. Dollar At A Critical Price Point

February 01, 2018 / www.kitco.com

The U.S. dollar continues to trade under pressure and is now at a critical support level. The dollar index has lost almost half of a percentage in value today and is currently fixed at 88.54. If the dollar continues to trade at this level, it will mark the eighth consecutive week in which it has closed below its opening price on Monday.Beginning in mid-December of last year, the dollar went into a...Read More

Globe CA appointed as preferred training partner to Claycrete Zambia

February 01, 2018 / www.mining.com

Globe Competency Assurance hosted a delegation from Claycrete Zambia and the Zambian National Service in Perth, WA today to support a large-scale 'Road Rehabilitation Project' commencing shortly in rural Zambia. The project, to be partially funded by the World Bank and African Development Bank, seeks to rehabilitate 10,000 km of rural road by 2021 using an Australian patented road improvement sys...Read More

Expect Gold Prices To Drop Below $1,300 In The Next Few Weeks - ABN Amro

February 01, 2018 / www.kitco.com

(Kitco News) - The excitement in the gold market space might not last, with ABN Amro warning of a looming drop in prices in the next few weeks.“Gold prices are toppish at current levels and we expect prices to move below USD 1,300 in the coming weeks,” the Dutch bank said in its Precious Watch report published on Thursday.Gold is already up 3% since the start of 2018, but this does not...Read More

Expect Gold Prices To Drop Below $1,300 In The Next Few Weeks - ABN Amro

February 01, 2018 / www.kitco.com

(Kitco News) - The excitement in the gold market space might not last, with ABN Amro warning of a looming drop in prices in the next few weeks.“Gold prices are toppish at current levels and we expect prices to move below USD 1,300 in the coming weeks,” the Dutch bank said in its Precious Watch report published on Thursday.Gold is already up 3% since the start of 2018, but this does not...Read More

UPDATE 3-Lazard Q4 beats estimates, tax changes complicate conversion plans

February 01, 2018 / www.kitco.com

(Recasts lead paragraph)By Catherine Ngai and Aparajita SaxenaNEW YORK Feb 1 (Reuters) - Asset manager and advisory firm Lazard Ltd said on Thursday that it is reviewing whether to convert into a "C Corporation" from its current status as a public partnership after changes to the U.S. tax code mean such a conversion could raise its effective tax rate by about 10 percentage points.The ov...Read More

FTSE 100 closes in red but broadcaster ITV shines

February 01, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes down 43  at 7,490Manufacturing output slows unexpectedly in JanuaryCapita shares down again FTSE 100 joined other European indices to close lower on Thursday as traders took risk of the table.Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower -  down around 58 points at 20,185.On that index, outsourcer Capita plc (LON:CPI) weighed again, plu...Read More

EMERGING MARKETS-LatAm currencies up; rally undeterred by hawkish Fed

February 01, 2018 / www.kitco.com

(Updates prices, adds pending pension reform in Brazil and Chile interest rate decision)By Bruno FederowskiSAO PAULO, Feb 1 (Reuters) - Latin American currencies turned mostly higher on Thursday as hawkish remarks from the Federal Reserve failed to derail a month-long rally fueled by investors' appetite for risk.In its policy statement on Wednesday, the Fed left U.S. interest rates unchanged but b...Read More

MOVES-Och Ziff says energy equity MD leaves for fund

February 01, 2018 / www.kitco.com

NEW YORK, Feb 1 (Reuters) - Steve Pattyn, a managing director and U.S. equity analyst for Och-Ziff Capital Management Group LLC, has left the company, a spokesman said in an e-mail on Thursday.Pattyn, who had a focus on the energy and utilities sector, is now a managing member at Yaupon Capital Management, according to his LinkedIn. He started in February.Yaupon will be an energy and utilities foc...Read More

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