RIMOUSKI, Quebec, March 02, 2018 (GLOBE NEWSWIRE) - Puma Exploration Inc. (the "Company" or "Puma") (TSX-V:PUMA) is pleased to announce the signature of a non-binding Letter of Intent (LOI) with Trevali Mining Corporation (TSX:TV) setting the terms of a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouch...Read More
* BOJ may consider exit strategy if inflation goal isreached* Bond yields pressured by expected huge corporate bondsupply* Safe-haven bond holdings pared in wake of Trump's tariffplan* Traders eye weekend elections in Germany, Italy (Updates market action, adds quote)By Richard LeongNEW YORK, March 2 (Reuters) - U.S. Treasury yields rose onFriday, with the 10-year yield bouncing back from a three-...Read More
Cleaning up on Friday afternoon was REACT Group plc (LON: REAT) as shares added over 16% in London to 0.525p as the firm unveiled an additional contract with a major London hospital.Its subsidiary, REACT Specialist Cleaning Ltd (RSCL) inked the deal.The 18 month deal covers both deep cleaning and RSCL has been appointed as preferred supplier for other ad hoc work and is for a major fac...Read More
Cobus Loots, chief executive of Pan African Resources plc (LON:PAF), tells Proactive they've begun to increase production again at the Barberton mine complex in South Africa after reaching a new high-grade gold zone.Barberton, which comprises the Fairview, Sheba and Consort mines, has seen a rise in average grades to 11.5g/t in February from 8.7g/t during July - December. Meet Scancell Holdi...Read More
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) gapped 8.7% higher on Jan. 22, after the casino concern reported earnings. And while the stock has sold off since then after sexual misconduct allegations prompted Steve Wynn to step down as CEO, one options trader today appears to be betting on another positive earnings reaction. Specifically, the May 170 call is WYNN's most active option so far today...Read More
U.S. stocks are dragging again today following President Donald Trump's tariff tweet. As for some of today's most notable movers, drug stocks Zosano Pharma Corp (NASDAQ:ZSAN), Conatus Pharmaceuticals Inc (NASDAQ:CNAT), and Verona Pharma (NASDAQ:VRNA) are three names we're tracking today. Let's take a closer look at what's moving shares of ZSAN, CNAT, and VRNA. Patent News Lifts ZSAN StockZosano s...Read More
Alternative energy concern JinkoSolar Holding Co., Ltd. (NYSE:JKS) is expected to report fourth-quarter earnings on Monday. Overall, JinkoSolar stock has had underwhelming year on the charts, already shedding 24% in 2018. At last check, shares of the solar concern were trading up 1% at $18.20 -- but running into resistance around their 20-day moving average. In terms of earnings reactions, JinkoS...Read More
On Sunday, March 4, members of Germany's Social Democrats (SPD) will unveil the results of a vote on a "grand coalition" with Chancellor Angela Merkel's more conservative Christian Democrats (CDU). Ahead of the reveal -- and with European stocks in a tizzy on trade war fears -- the iShares MSCI Germany ETF (EWG) is pacing for its lowest close in nearly six months. However, if history is any in...Read More
** Concerns that recent biotech deals will weigh on cos suchas Catalent Inc , Medidata Solutions Inc ,Charles River Laboratories and IQVIA Holdings that provide tech, research services to drugmakers areexaggerated - George Hill, market analyst at RBC Capital** Changes to U.S. tax law have spawned big deals amongbiotechs as large drugmakers snap up promising assets fromsmaller rivals to help revive...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistChina's staggering demand for commodities>50% of all steel, cement, nickel, and copper goes thereThe Chart of the Week is a weekly Visual Capitalist feature on Fridays.It's said that in China, a new skyscraper is built every five days.China is building often, and they are building higher. In fact, just last year, China completed 77 of the wor...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistChina's staggering demand for commodities>50% of all steel, cement, nickel, and copper goes thereThe Chart of the Week is a weekly Visual Capitalist feature on Fridays.It's said that in China, a new skyscraper is built every five days.China is building often, and they are building higher. In fact, just last year, China completed 77 of the wor...Read More
By Sin?(C)ad Carew and April JoynerMarch 2 (Reuters) - Shares in big U.S. steel companies andmanufacturers were under pressure on Friday on uncertainty overthe effects of U.S. President Donald Trump's announcement of aplan to impose tariffs on steel and aluminum.Steel stocks were volatile and some erased part of theprevious day's gains, as investors worried threats ofretaliation from overseas trad...Read More
March 2 (Reuters) - * Dentsply Sirona Increported quarterly adjusted earnings of 82 cents per share.The mean expectation of 14 analysts for the quarter endedDecember 31 was for earnings of 81 cents per share.* Revenue rose 9.6 percent to $1.09 billion from a year ago;analysts expected $1.06 billion.* Dentsply Sirona Inc's Reported EPS for the quarter was a lossof $2.95.* The mean earnings estimate...Read More
March 2 (Reuters) - * Perrigo Company PLCreported quarterly adjusted earnings of $1.28 per share. The mean expectationof 18 analysts for the quarter ended December 31 was for earnings of $1.25 pershare.* Revenue rose 20.5 percent to $1.28 billion from a year ago; analysts expected$1.25 billion.* Perrigo Company PLC's Reported EPS for the quarter was 52 cents.* The mean earnings estimate of analyst...Read More
MEXICO CITY, March 2 (Reuters) - U.S. President Donald Trump's threats to unleash a trade war over steel crushed hopes of substantial progress in the latest talks to rework NAFTA, heightening fears for the trade deal's future.Trump said on Thursday that a plan for protectionist tariffs of 25 percent on steel imports and 10 percent on aluminum goods would be announced next week, following up on Twi...Read More
The Federal Reserve digested the Trump administration's massive tax cuts and plan to boostspending with barely a hiccup, but Washington's sudden push for steep tariffs on steel andaluminum imports could saddle the U.S. central bank with the worst of both worlds - risinginflation and a slowing global economy.The combination of fiscal stimulus, which Fed officials viewed as hardly a game-changer for...Read More
Gold still under short-term pressure as stock market weakness weighs.Once panic mentality recedes, however, gold should bottom.Yellow metal stands to benefit from increasing fear factors.After breaking its pivotal short-term support earlier this week, gold and the leading gold ETFs showed additional weakness on Thursday as investors' concerns over President Trump's latest trade policy plans create...Read More
** Shares of gun makers rebounding for a second day on Fri, evenafter Smith & Wesson-owner American Outdoor Brands gives weak qtrly outlook** AOBC up 1.9 pct, and rival Sturm Ruger & Company jumping 5 pct** Blackrock Inc said it has started asking gunmakers tough questions about use of their firearms in massshootings; Index fund operator BLK is largest shareholder inAOBC and RGR ** Blackro...Read More
* Trump's tariffs announcement poses headache for Fed* Markets still betting on U.S. interest rate hike in MarchBy Howard Schneider and Ann SaphirWASHINGTON, March 2 (Reuters) - The Federal Reserve digestedthe Trump administration's massive tax cuts and plan to boostspending with barely a hiccup, but Washington's sudden push forsteep tariffs on steel and aluminum imports could saddle theU.S. centr...Read More
FRANKFURT, March 2 (Reuters) - Swiss investor Martin Ebneris in talks to buy Swiss-German United Grinding, as otherbidders have dropped out of the race for the machine tool maker,two people close to the matter said. China Jianyin Investment (JIC), which had been keen to buyBern-based UGG, is no longer in the running, one of them said.Switzerland's Oerlikon has also dropped out of theauction for th...Read More