Uranium spot prices regrouped a bit last week, with TradeTech's weekly spot price adding $0.25 to finish at $19.75. The move higher comes after prices dove in the prior week. According to TradeTech, prices were volatile over the week as buyers were drawn to the market in search of a bargain.The return of buyers is a good signal for uranium prices after it seemed that they were at risk of unravelin...Read More

CHICAGO, June 7 (Reuters) - The Chicago Public Schools (CPS) said it tapped JPMorgan as the winning bidder for an up to $396.5 million note deal aimed at keeping the cash-strapped district afloat.The award of the notes purchase to JPMorgan Chase & Co is subject to final negotiation, according to a CPS statement on Wednesday.The Chicago Board of Education approved the debt sale last month as a way...Read More

(Kitco News) - Gold prices ended the U.S. day session modestly lower on a normal downside technical correction and some profit taking from the shorter-term traders, after hitting a seven-week high Tuesday. A big drop in crude oil prices Wednesday also weighed on the precious metals. Major news events occur Thursday, which are likely to move the metals markets. August Comex gold was last down $4.60...Read More

NEW YORK, June 7 (Reuters) - Ken Griffin, founder and chief executive of hedge fund firm Citadel LLC, said Wednesday that the run-up in the U.S. stock market was not over, but that he was concerned about the ability to address the next downturn. "I think this business cycle has further to go. I think the stock market is going to go with that, but what's worrisome is: the firepower that we have to...Read More

Contrary to the postelection consensus outlook for a stronger dollar for this year, the greenback has slumped since January-and a clue to the potential for continued weakness can be gleaned from gold prices, according to Simon Derrick, chief market strategist at BNY Mellon. In a note to clients on Wednesday, Derrick said that the recent rally by gold GCQ7, -0.39% which is threatening to break out...Read More

* Former FBI director to testify before Congress on Thursday* UK election also in focus* Oil falls over 4 pct after build-up in U.S. crude inventories* Indexes down: Dow 0.06 pct, S&P 0.14 pct, Nasdaq 0.09 pct (Updates to early afternoon)By Tanya AgrawalJune 7 (Reuters) - U.S. stocks slipped in early afternoon trading on Wednesday, weighed down by a fall in oil prices, while caution reigned ahead...Read More

By Trevor HunnicuttNEW YORK, June 7 (Reuters) - U.S.-based stock funds are staging a comeback, attracting the most cash since February during the latest week, Investment Company Institute data showed on Wednesday.The funds brought in $14 billion in cash during the week ended May 31, with the result driven by strong demand for equity exchange-traded funds, according to the trade group.Stock mutual...Read More

ZURICH, June 7 (Reuters) - Credit Suisse said on Wednesday 99.2 percent of the rights had been exercised in its recent rights offering, raising net proceeds of around 4.1 billion Swiss francs ($4.25 billion).The bank said it would have a common equity Tier 1 (CET1) ratio of 13.4 percent and a leverage ratio of 5.1 percent after the capital increase, based on first-quarter reported numbers. The rea...Read More

(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

Intro:By Fay Dress of the Soren K. GroupIt should be pointed out that China has been working on this for decades. If nothing else they are master strategists and long term thinkers. But as a returning professor from Hong Kong and sometime contributor to the SKG writers said to us recently: There are big problems over there.The Chinese lack entrepreneurship,creativity, and creative problem s...Read More

(Kitco News) - Metals consolidate ahead of Thursday's events. The British election, the ECB meeting and former FBI chief Comey's testimony all line up to create a volatile day tomorrow. Gold hit our target of $1,292 and silver managed a print at our $17.75 level. The metals could go either way from here. If Comey's testimony suggests that the President may have obstructed justice in the FBI probe...Read More

By Huw JonesLONDON, June 7 (Reuters) - Next year's stress test of top European Union banks will include tougher accounting for soured loans and a stricter exclusion of funds from asset sales which have not yet been completed, the bloc's banking watchdog said.The theoretical economic and market shocks 49 banks will face will not be published until next year, but the European Banking Authority (EBA)...Read More

June 7 (Reuters) - Online fashion retailer Boohoo.com Plc on Wednesday nudged its full-year sales forecast upwards after a doubling in first-quarter sales on the back of strong demand across all its businesses. The British company, which sells own-brand clothing, shoes and accessories online to a core market of 16-24-year-olds, said it expected group revenue for the year to Feb. 2018 to grow by 60...Read More

* STOXX 600 ends down 0.1 pct* Banks rise, Santander to buy Banco Popular* German utilities gain after court ruling* Energy stocks drop as oil prices plunge* UK election, ECB meeting in focus (Adds details, closing prices)By Kit ReesLONDON, June 7 (Reuters) - Banks and utilities supported European stocks on Wednesday, with relief that Spain's struggling Banco Popular was being rescued by Santander...Read More

(Adds quotes from central bank governor, details)By Pawel Florkiewicz and Marcin GoettigWARSAW, June 7 (Reuters) - Poland's central bank is likely to keep interest rates at record lows until the end of next year because inflation is expected to stabilise, its governor reiterated on Wednesday.Adam Glapinski told a news conference that the central bank was not concerned about the zloty's recent str...Read More

MONTREAL, June 7, 2017 /CNW Telbec/ - BlackRock Metals Inc. (the "Company" or "BlackRock") announces an equity financing of C$40 million led by Orion Mine Finance Group ("Orion"). Proceeds will be used for the completion of technical designs, permitting, the placement of equipment orders, acceleration of early construction work and general working capital requirements. The financing will be disbu...Read More

BERLIN, June 7 (Reuters) - Buyout groups Bain Capital and Cinven have lowered the minimum acceptance threshold for their takeover offer for German drugmaker Stada's shares, they said on Wednesday.The tender offer for the agreed 5.3 billion euro ($5.95 billion) deal runs through June 8 and was conditional on securing 75 percent of Stada's shares. But Bain Capital and Cinven said in a statement on W...Read More

* Worries over early elections, ECB withdrawal hit Italian bonds* Italy-Spain yield spread near its widest since 2012 crisis* Spanish resolution of failing bank contrasts with Italian woes* Euro zone periphery's bond yields (Updates prices, adds quotes )By Abhinav RamnarayanLONDON, June 7 (Reuters) - The difference between Italy's borrowing costs and those of its closest peer neared its widest on...Read More

(Adds details throughout on sectors and stocks; updates prices)* TSX falls 101.49 points, or 0.66 percent, to 15,363.07* Nine of the index's 10 main groups lose ground* Energy falls 2.8 percent TORONTO, June 7 (Reuters) - Canada's main stock index fell on Wednesday as a sharp drop in oil prices put pressure on energy shares, while the financials group was little changed even as an analyst upgrad...Read More

* Zloty retreats and other CEE currencies are mixed* Investors hold breath before British vote and ECB meeting* Romania to scale back wage hikes; leu eases (Recasts with Polish central bank decision and comments)By Sandor PetoBUDAPEST, June 7 (Reuters) - The zloty weakened against the euro on Wednesday as the Polish central bank kept interest rates on hold and its governor reiterated that he did n...Read More