Trade war and protectionism across the world should be bullish for gold, silver and other safe havens. US President Donald Trump slapped tariffs on imported solar panels and washing machines, his first major trade move. Chinese solar companies will be the looser. India had also imposed anti-dumping duty on Chinese solar panels. Every nation is following a "protectionism policy" under the garb of...Read More
* KOSPI index up 0.17 pct, foreigners buy* Korean won weaker versus U.S. dollar SEOUL, Jan 24 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Wednesday. The Korean won fell while bond yields were flat ** At 00:40 GMT, the KOSPI was up 4.34 points or 0.17 percent at 2,540.94. ** The won was quoted at 1,071.7 per dollar on the onshore settlement pl...Read More
(Recasts with offering size, adds details throughout)SAO PAULO, Jan 23 (Reuters) - Brazilian credit card processing firm PagSeguro Digital Ltd's initial public offering raised $2.7 billion on Tuesday, one person with direct knowledge of the matter said, as investor optimism over Brazil's economic recovery gathers pace. PagSeguro priced its shares at $21.50, above the set price range of $17.50 to...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +1.3 pct, CSI300 +1.1 pct, HSI +1.7 pct* HK->Shanghai Connect daily quota used 19.3 pct, Shanghai->HK daily quota used 38.2 pct* HK->Shenzhen Connect daily quota used 2.7 pct, Shenzhen->HK daily quota used 21.6 pct* CNY official close 6.4084 per dollar* FTSE China A50 +1.7 pct, BNY Mellon ADR China Select Index +0.4 pct SHANGHAI, Jan 24 (Reuters...Read More
(Adds detail)* Dec exports +9.3 pct yr/yr vs forecast +10.1 pct* Imports +14.9 pct yr/yr vs forecast +12.3 pct* Trade balance +359.0 bln yen vs forecast +530.0 bln yen* Policymakers hope export-led growth stokes investment, spending By Tetsushi KajimotoTOKYO, Jan 24 (Reuters) - Japan's exports grew for a 13th straight month in December, led by record demand from China and Asia as a whole, raising...Read More
Jan 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesSandRidge rebuffs Icahn proposals Senate confirms Jay Powell as Federal Reserve chair May rejects Johnson's call for 5 bln pounds health booster U.S. attorney-general questioned in Russia inquiry Overview- U.S. shale oil producer SandRid...Read More
By Nicole MordantVANCOUVER, Jan 23 (Reuters) - Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday, after Leagold Mining Corp unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc . Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain w...Read More
By Greg RoumeliotisJan 23 (Reuters) - Microsemi Corp , the largest U.S. commercial supplier of military and aerospace semiconductor equipment, is exploring its options, including a possible sale, after it received a takeover approach, a person familiar with the matter said on Tuesday.The move comes amid a new wave of consolidation in the semiconductor industry that has included Broadcom Ltd unveil...Read More
By Nicole MordantVANCOUVER, Jan 23 (Reuters) - Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday, after Leagold Mining Corp unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc . Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain...Read More
(Updates with change in vote tally, second and final paragraphs)By Howard SchneiderWASHINGTON, Jan 23 (Reuters) - The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight. The Republican-controlled Senate...Read More
Jan 24 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 24-JanUnited States Sale of 2-year floating rate notes24-JanUnited States Sale of 5-year notes24-JanSwedenAuction of government bonds25-JanUnited States Sale of 7-year notes25-JanJapan 3-month discount bill auction25-JanJapan Auction of...Read More
Jan 24 (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, if any -----------------------------------------------------------WEDNESDAY, JANUARY 24 SINGAPORE - 1st Meeting...Read More
Jan 24 (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 -----------------------------------------------------------WEDNESDAY, JANUARY 24STOCKHOLM - Riksbank Deputy Governor Martin Floden to discuss current monet...Read More
By Jonathan StempelNEW YORK, Jan 23 (Reuters) - The top U.S. securities regulator on Tuesday rejected arguments by Rio Tinto Plc and two former top executives that its civil lawsuit claiming they concealed the plunging value of coal assets owned by the big Anglo-Australian mining company should be dismissed.In letters filed with the U.S. District Court in Manhattan, the Securities and Exchange Co...Read More
(Adds details on capacity increase)By Alana WiseNEW YORK, Jan 23 (Reuters) - United Continental Holdings Inc shares fell more than 6 percent in after-hours trading on Tuesday as the airline said it plans to increase capacity, likely threatening its profit margin as it is locked in a price war with low-cost carriers. "The best way to compete with low-cost carriers is to match their prices,&qu...Read More
SINGAPORE, Jan 24 (Reuters) - The dollar slipped to a four-month low against the yen on Wednesday, pressured by simmering concerns that the U.S. currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus.The dollar touched a low of 110.06 yen at one point, its lowest level since Sept. 15, and was last trading at 110.16 yen, down 0.1 percent f...Read More
SAO PAULO, Jan 23 (Reuters) - Brazilian credit card processing firm PagSeguro Digital Ltd priced its initial public offering at $21.50 per share, above the set price range, according to a source with direct knowledge of the matter.Strong demand led underwriters to increase the size of the offering, the source added, asking for anonymity because no authorization had been given to discuss the matter...Read More
WASHINGTON (Reuters) - A majority of the U.S. Senate on Tuesday voted to confirm Federal Reserve Governor Jerome Powell as the next head of the central bank, likely ensuring continuity in monetary policy.Powell, who was seen as an uncontroversial pick with views closely aligned with current Fed Chair Janet Yellen‘s, is a lawyer and former investment banker. He has served on the Fed’s B...Read More
In September of 2017 gold prices topped out at $1363 per ounce. This marked the conclusion of a dynamic rally, which began in July 2017 when gold was trading just above $1200. This $163 rally contained the largest single price move of any rally last year.What would follow would be a sustained and multi-month correction in which gold prices toppled first to $1262 in October of last year and then, a...Read More
RIO DE JANEIRO, Jan 23 (Reuters) - Anglo American PLC said on Tuesday it expects to receive long-awaited licenses on Friday which will pave the way for the mining company to boost its Brazilian iron ore production capacity by about 56 percent.Anglo American plans to invest 1 billion reais ($308.94 million) to expand its iron ore extraction capacity at Minas-Rio mine in Minas Gerais state to 26.5...Read More