NEW YORK, Jan 4 (Reuters) - U.S. fund investors pulled $8.4 billion from stocks and funneled $3.3 billion into taxable bonds during the most recent week, responding to a strong year of market gains defensively, Lipper data showed on Thursday.The data covers cash that moved into and out of U.S.-based mutual funds and exchange-traded funds during the seven days through Wednesday. (Reporting by Trevo...Read More
A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019."We have updated our lithium production forecasts for Chile and Argentina to reflect a relatively slower-moving project pipeline due to regulatory hurdles in the former and growing exploration efforts boosting lon...Read More
A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019."We have updated our lithium production forecasts for Chile and Argentina to reflect a relatively slower-moving project pipeline due to regulatory hurdles in the former and growing exploration efforts boosting lon...Read More
Subscribers to Schaeffer's Weekly Options Countdown service doubled their money earlier this week on our FedEx Corporation (NYSE:FDX) weekly 1/5 245-strike call recommendation. Here's a closer look at what put FDX stock on our bullish radar for the first week of 2018, and how the options trade we recommended last Sunday, Dec. 31, unfolded.On Tuesday, Dec. 19, FedEx reported blowout fiscal second-q...Read More
Roxgold Inc. (TSX:ROXG) announced that the Ministry of Environment and Sustainable Development of Burkina Faso has granted the company permitting approval to develop the Bagassi South project, located within its high-grade Yaramoko gold mine in the Hound?(C) greenstone region of the West African country."The approval of the Environmental and Social Impact Assessment for Bagassi South allows us to...Read More
Roxgold Inc. (TSX:ROXG) announced that the Ministry of Environment and Sustainable Development of Burkina Faso has granted the company permitting approval to develop the Bagassi South project, located within its high-grade Yaramoko gold mine in the Hound?(C) greenstone region of the West African country."The approval of the Environmental and Social Impact Assessment for Bagassi South allows us to...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ('Wallbridge') is pleased to announce the appointment of Dr. Attila Pentek as Vice President, Exploration effective January 1, 2018, subject to TSX approval.Read full newsRead More
U.S. stocks had another stellar day, with the Dow topping the 25,000 mark for the first time in history. A solid day for financial stocks helped the blue-chip index higher, overshadowing losses from Intel (INTC). Likewise, the S&P and Nasdaq also touched fresh record highs, as Wall Street applauded encouraging data on private-sector payrolls ahead of tomorrow's monthly jobs report. Commodities al...Read More
WASHINGTON (Reuters) - The Federal Reserve proposed new guidance Thursday that would clarify the regulator’s expectations for how senior managers at large banks handle risk at their respective institutions.The proposed guidance would identify core principles for effective day-to-day management of a bank, ensuring risk is adequately managed. The Fed also proposed guidance outlining its expect...Read More
It could be the sharp urban-rural divide, worries about a breakdown in authority or scars from the 2009 uprising. But whatever the cause, residents of the capital are sitting this one out.Read full newsRead More
TORONTO, Jan 4 (Reuters) - Canada's main stock index rose on Thursday, adding to its record high, as the financials and materials sectors climbed, while shares of energy and marijuana producers pared some recent gains.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 41.39 points, or 0.25 percent, at 16,412.94. Five of the index's 10 main groups ended higher. (Reporti...Read More
NEW YORK/LONDON, Jan 4 (Reuters) - A severe winter stormfroze pipes and disrupted services at refineries on the U.S.Atlantic coast on Thursday, sending fuel prices higher as heavysnowfall and high winds caused electricity outages for almost80,000 homes and businesses.The only nuclear plantRead full newsRead More
PHILADELPHIA (Reuters) - The U.S. tax legislation approved last year is likely to boost growth and investment and is already pushing up equity prices, but should not force the Federal Reserve to raise interest rates any faster than expected, St. Louis Fed President James Bullard said on Thursday.“A lot of good things were done in this tax bill,” said Bullard, who endorsed the alignment...Read More
The U.K. Health and Safety Executive is investigating the causes of a crack in a key North Sea oil pipeline that disrupted production at more than 80 fields for weeks.Read full newsRead More
Both countries have floated plans to create homegrown virtual currencies that would put them outside the global financial and banking system.Read full newsRead More
NEW YORK (Reuters) - The dollar fell on Thursday, failing to hold the previous day’s gains on the back of upbeat U.S. data, as the euro resumed a rally that has taken it near its highest level in three years.A stronger-than-expected U.S. private-sector jobs report briefly helped the dollar pare losses versus the euro and extend gains against the yen. But those moves were short-lived.“T...Read More
(Kitco News) - A Welsh gold mine, which is behind three generations of British royal wedding rings, is planning to reopen after 20 years of inactivity — just in time for the spring royal wedding between Prince Harry and Meghan Markle.The gold from the Clogau St David’s mine, located in Bontddu, Snowdonia, was used in royal weddings for the last 90 years.Wedding rings for the Queen, Pri...Read More
(Kitco News) - A Welsh gold mine, which is behind three generations of British royal wedding rings, is planning to reopen after 20 years of inactivity — just in time for the spring royal wedding between Prince Harry and Meghan Markle.The gold from the Clogau St David’s mine, located in Bontddu, Snowdonia, was used in royal weddings for the last 90 years.Wedding rings for the Queen, Pri...Read More
Sexual intimacy cures have been pedalled for centuries but science is now in the marketplace with, among others, Futura Medical's (LON:FUM) MED2002 gel getting noticed in all the right places.The publication, The Journal of Sexual Medicine, is a bit late to the party given that the headline results were announced back in September 2016 but Futura said it nonetheless shows the growing "level...Read More
NEW YORK (Reuters) - The Dow Jones industrial average rose above the 25,000 level for the first time on Thursday and other major indexes scaled new records, propelled by strong economic data both in the United States and abroad.The 30-member blue-chip index crossed five 1,000-point marks in 2017 on the back of President Donald Trump’s pro-growth agenda and solid corporate earnings.It took le...Read More