(Adds union leader comment)JOHANNESBURG, Feb 1 (Reuters) - Sibanye-Stillwater said on Thursday that over 1,000 miners were stuck underground at its Beatrix gold mine in South Africa after a storm knocked out power, but they were not in danger.Spokesman James Wellsted said the miners were safe and receiving food and water. Power was being restored to the mine but there was not yet enough to bring...Read More
Fresh offthe Super Bowl, economic data is quiet in the first full week of February. Earnings season chugs on, with high-profile names like Twitter Inc (NYSE:TWTR), Snap Inc (SNAP), Tesla Inc (NASDAQ:TSLA), and Nvidia Corporation (NASDAQ:NVDA) ready for their turn in the spotlight. Dow stock Walt Disney Company (NYSE:DIS) is set to report, too. Meanwhile, JOLTS and trade data stand out on the econ...Read More
In January 2018, ALROSA recovered two gem-quality stones weighing 97.92 carats and 85.62 carats, from Yubileynaya pipe at Aikhal Mining and Processing Division.A 97.92 carat rough diamond is a transparent octahedron yellow-hue crystal with small sulfide and olivine inclusions near the surface. The measures are 26 ?... 17 ?... 21 mm.The second rough diamond, a 85.62-carat stone, is also a transpare...Read More
Gold & Silver Spot Gold best support for the day at 1336/35 & again longs need stops below 1332. First resistance at 1347/49 but above here could re-target 1358/60. Sell in to shorts on a bounce to 1361/65. Stop above 1370.Be ready to sell in to shorts on a break below 1331 targeting 1328/27 then 1324/23 & perhaps as far as 1318/16. Silver Spot holding above resistance at 1720/25 targ...Read More
ROSTOV-ON-DON, Russia, Feb 1 (Reuters) - The Russian central bank plans to demand higher provisions from banks if they lend for merger and acquisition deals, Central Bank Governor Elvira Nabiullina told a government meeting in the southern Russian city of Rostov-on-Don on Thursday. She said the central bank was currently discussing the new provisioning requirements with banks, which would allow fo...Read More
(Corrects union estimate of miners still underground to 1,000 not 1,200)JOHANNESBURG, Feb 1 (Reuters) - Sibanye-Stillwater said on Thursday that over 1,000 miners were stuck underground at its Beatrix gold mine in South Africa after a storm knocked out power, but they were not in danger.Spokesman James Wellsted said the miners were safe and receiving food and water. Power was being restored to th...Read More
(Adds numbers, political background)RIO DE JANEIRO, Feb 1 (Reuters) - The overhaul of Brazil's social security system to reduce its burden on the government's overdrawn accounts still does not have enough support for Congressional approval, the cabinet minister in charge of political affairs said on Thursday.The pension reform bill is the cornerstone of President Michel Temer's efforts to reduce...Read More
Take-Two Interactive Software Inc (NASDAQ:TTWO) is up 0.7% to trade at $127.37 this morning, after Morgan Stanley initiated coverage on the video game stock with a "overweight" rating and a price target of $150. The analyst in coverage noted that Take-Two's Grand Theft Auto franchise generates enviable engagement and monetization. In addition to the bullish analyst attention today, the video game...Read More
Facebook Inc (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) are both in focus today, as traders eye the latest quarterly earnings results from the two tech heavyweights. While FB is firmly higher despite a massive drop in time spent on the app, Dow component MSFT is churning around breakeven in the wake of its earnings beat.FB stock is up 3.7% to trade at $193.88,a new all-time high. In after...Read More
* Dollar bounce after Fed meeting short-lived* Greenback pares gains against yen* Euro strengthens (New throughout; updates to U.S. market open, changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Feb 1 (Reuters) - The dollar failed to hold onto its gains against a basket of currencies on Thursday, the day after the Federal Reserve said it expected inflation to rise this year.T...Read More
By Gertrude Chavez-DreyfussNEW YORK, Feb 1 (Reuters) - Bitcoin's popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report on Thursday. "Cybercriminals follow the money and right now they see in the unregulated and la...Read More
Chipmaker Nvidia Corporation (NASDAQ:NVDA) is making headlines after being removed from Goldman Sachs' conviction list, exactly one week before the company is slated to report its fourth-quarter earnings. However, the brokerage firm still has a "buy" rating on the equity and expects the company to announce strong guidance when it reports. Nvidia shares have overcome early losses to trade right nea...Read More
* Central bank delivers third rate hike since August* Governor signals another hike likely later this year* Some analysts had expected faster hike pace* Crown gives up some gains* For TEXT of c.bank statement: (Updates with c.bank, governor comments, market reaction)By Robert Muller and Jan LopatkaPRAGUE, Feb 1 (Reuters) - The Czech National Bank raised interest rates on Thursday for the third tim...Read More
(Kitco News)- The gold market is holding on to positive gains after the manufacturing sector held firm at the start of the year, according to data from the Institute for Supply Management (ISM).Thursday, the ISM said its manufacturing index showed a reading of reading 59.1 for January, well above economists' expectations but down compared to December's reading of 59.7%. Consensus forecasts were...Read More
Ontario is supporting Canadian, independent and international films by investing in the establishment of an independent cinema in downtown Sudbury.Through the Northern Ontario Heritage Fund Corporation (NOHFC), the province is supporting Sudbury Indie Cinema as it renovates the gymnasium of the former St. Louis de Gonzague School into a cinema and multi-use arts venue. This investment will help t...Read More
Following its poorly received earnings release last week, Starbucks Corporation (NASDAQ:SBUX) is seeing bearish analyst attention this morning, while Chipotle Mexican Grill, Inc. (NYSE:CMG) was hit with a downgrade of its own ahead of earnings next Tuesday. We'll quickly check in on shares of SBUX and CMG below to see how the stocks are trading following this round of downbeat attention.More Post-...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More