Recent News

RT @JavierBlas2: #Oil Spill at Sea From Burned Iranian Tanker off China Spreads "Noticeably" -- #OOTT

January 16, 2018 / www.bloomberg.com

The oil slick caused by the stricken Iranian tanker in the East China Sea has spread "noticeably," raising the prospect for wider environmental damage from what could be the worst spill in decades.Read full newsRead More

GLOBAL MARKETS-Stocks retreat from early gains as oil, copper lag

January 16, 2018 / www.kitco.com

* Dow tops 26,000 but Wall Street gives up gains* Dollar holds near three-year lows* Oil, copper drop after rally (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 16 (Reuters) - World stock markets slipped on Tuesday, giving back early gains as Wall Street pulled back from initial highs after a decline in oil and metals dragged energy and materials stocks lo...Read More

U.S. companies list blockchain ETFs as bitcoin proposals languish

January 16, 2018 / www.kitco.com

By Trevor HunnicuttNEW YORK, Jan 16 (Reuters) - Investors looking to profit from excitement surrounding bitcoin technology will get a new opportunity this week.Funds coming to market on Wednesday will purchase shares of companies, such as Hitachi Ltd , Accenture plc and Overstock.com Inc , that may benefit from the digital asset's underlying technology. Rather than buying wild-trading "crypto...Read More

CANADA STOCKS-TSX falls as commodity prices weigh on resource shares

January 16, 2018 / www.kitco.com

TORONTO, Jan 16 (Reuters) - Canada's main stock index fell on Tuesday as a drop in commodity prices weighed on the shares of materials and energy companies.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 72.93 points, or 0.45 percent, at 16,298.88. Eight of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Leslie Adler) Disclaimer: Th...Read More

Australia shares set to slide on soft commodity prices; NZ climbs

January 16, 2018 / www.kitco.com

Jan 17 (Reuters) - Australian shares are set to slide for a second straight session on Wednesday, with material and energy stocks leading the losses on a drop in base metal and oil prices. Base metals slipped on Tuesday with copper and nickel hitting multi-week lows as a steadier dollar weighed, while oil fell as Brent crude oil shed some of its recent gains.The local share price index futures fel...Read More

BB Healthcare Trust's Paul Major anticipating another bumper year

January 16, 2018 / www.proactiveinvestors.co.uk

BB Healthcare Trust PLC's (LON:BBH) Paul Major tells Proactive's Andrew Scott he's very much looking forward to the coming 12 months where's he's hoping it'll see a return to fundamentals and the focus will again be much more on stock-picking.''The main issues around healthcare reform and tax reform are done'', Major says.''The main things people are looking forward to this year are much less Dona...Read More

US STOCKS SNAPSHOT-Wall Street indexes fall with oil prices, General Electric

January 16, 2018 / www.kitco.com

NEW YORK, Jan 16 (Reuters) - Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.The Dow Jones Industrial Average fell 10.33 points, or 0.04 percent, to 25,792.86, the S&P 500 lost 9.82 points, or 0.35 percent, to 2,776.42 and the Nasdaq Composite dropped 37.38 points, or 0.51 percent, to 7,223.69....Read More

DIARY - Today in Washington - Jan 17

January 16, 2018 / www.kitco.com

ALL TIMES IN EST/GMT -------------------------------------------------------0700/1200: The USDA issues weekly world rice price.0915/1415: The Federal Reserve issues Industrial Production for December.No set time: The Association of American Railroads issues Weekly Traffic of Major Railroads.1400/1900: The Federal Reserve issues the Beige Book on economic conditions.1600/2100: The Treasury Dept. is...Read More

FOREX-Euro hovers near three-year high, bitcoin tumbles

January 16, 2018 / www.kitco.com

* ECB seen sticking to its policy message next week -Reuters* Signs of Merkel's struggle to govern puts euro on back foot* Bitcoin, other cryptocurrencies plunge on crackdown fears* Yen, Swiss franc gain as U.S. stocks retreat (Updates market action, adds quote)By Richard LeongNEW YORK, Jan 16 (Reuters) - The euro held close to a three-year high against the dollar on Tuesday, as the common currenc...Read More

Anglo Asian's Azerbaijan gold output fell 1.2 pct yr/yr in 2017

January 16, 2018 / www.kitco.com

BAKU, Jan 17 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining , said on Tuesday its annual output had fallen 1.2 percent in 2017 to 71,461 ounces, still within its target range of 64,000 to 72,000 ounces.The London-listed firm said copper production rose 2.6 percent to 1,991 tonnes, and silver output rose 4.7 percent to 172,853 ounces.Anglo Asian started a significant exploration pro...Read More

TREASURIES-U.S. yields fall with Europe, curve flattest in 10 years

January 16, 2018 / www.kitco.com

* Treasury yields fell Tuesday morning on ECB bond report* 5-year, 30-year spread hits lowest point in a decade By Gertrude Chavez-Dreyfuss and Kate DuguidNEW YORK, Jan 16 (Reuters) - U.S. long-dated Treasury yields fell on Tuesday morning along with those of European bonds, after a Reuters report said the European Central Bank was not quite ready to end its bond-buying scheme at next week's meet...Read More

Brazil's JHSF eyes mall unit IPO after restructuring

January 16, 2018 / www.kitco.com

SAO PAULO, Jan 16 (Reuters) - Brazilian real estate group JHSF Participatipa???ues SA is studying a possible initial public offering of its shopping mall unit after an ongoing restructuring, the company said in a securities filing on Tuesday. (Reporting by Aluisio Alves; Writing by Carolina Mandl; Editing by Marguerita Choy) Disclaimer: The views expressed in this article are those of the author...Read More

WRAPUP 1-U.S. warns investors over Venezuela's 'petro' cryptocurrency

January 16, 2018 / www.kitco.com

By Lesley Wroughton and Girish GuptaWASHINGTON/CARACAS, Jan 16 (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the soon-to-be-launched token.Venezuelan President Nicolas Maduro this month said his government...Read More

Great Bear Provides Drill Program Update

January 16, 2018 / bit.ly

Great Bear Resources (TSXV:GBR) (the 'Company' or 'Great Bear') today announced completion of drill hole planning and preparation for a Phase 2 drill program at the Dixie Lake gold project, located in the Red Lake district of Ontario.Read full newsRead More

Sales at retailer Carrefour Brasil rise 5.3 pct in fourth quarter

January 16, 2018 / www.kitco.com

SAO PAULO, Jan 16 (Reuters) - Brazilian food retailer Carrefour Brasil said on Tuesday its fourth quarter gross sales rose 5.3 percent from last year to 13.63 billion reais ($4.23 billion).The company said gross sales for full-year 2017 jumped 7.2 percent, to 49.65 billion reais. Same-store sales, a measure of revenue from stores open at least 12 months, rose 1.4 percent in the fourth quarter. ($...Read More

Golden Predator Reports Additional High-Grade Drill Results from 3 Aces Project

January 16, 2018 / bit.ly

Golden Predator Mining Corp. today reported results of 43 Grade Control drill holes at the 3 Aces Project in southeast Yukon, including the highest gold assays returned to date from drilling on the project.Read full newsRead More

RT @business: The battle over how to clean up 340 billion gallons of Canadian oil-sands sludge is heating up again

January 16, 2018 / bloom.bg

Amid the bogs and forests of northern Alberta, in the heart of the Canadian oil patch, lie some of the largest waste dumps of the global energy business.Read full newsRead More

RT @BloombergAsia: Trump sidesteps escalating Gulf tensions in call praising Qatar

January 16, 2018 / bloom.bg

A call between President Donald Trump and Qatar's ruler on Monday was notable for what it didn't include -- a reference to the escalation in the long-running dispute between U.S. allies in the Gulf.Read full newsRead More

Chinese Tech Stock Doubles on Blockchain Technology Deal

January 16, 2018 / www.schaeffersresearch.com

A strong start to earnings season helped the Dow topple 26,000 for the first time ever earlier and the S&P 500 Index (SPX) taking its inaugural trek north of 2,800, though stock markets have erased these gains amid fears of a possible government shutdown. While Chinese energy firm Recon Technology, Ltd. (NASDAQ:RCON) and casino name Wynn Resorts, Limited (NASDAQ:WYNN) are holding higher at last ch...Read More

Options Traders Buy Calls On Goldman Sachs Before Earnings

January 16, 2018 / www.schaeffersresearch.com

Not since October 2016 has Goldman Sachs Group Inc (NYSE:GS) finished positive in the session after earnings. Following the last four earnings releases, the shares have one-day losses of 2.6%, 2.6%, 4.7%, and 0.6%. Despite this, options traders have been buying calls ahead of the bank's fourth-quarter earnings unveil tomorrow morning. Data from the International Securities Exchange (ISE), Chicago...Read More

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