CHICAGO, Jan 16 (Reuters) - Minnesota Governor Mark Dayton on Tuesday proposed $1.54 billion of capital projects funded largely through the sale of highly rated general obligation bonds, although the state's ratings have come under a cloud due to a fight over the legislature's budget.The Democratic governor's plan allocates $542 million for state universities and $998 million for state buildings,...Read More
NEW YORK, January 16, 2018 /PRNewswire/ --The lithium industry could be in for a big M&A consolidation in 2018....Read full newsRead More
Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) retreated slightly in after hours trade on Tuesday after the company announced full year production that came in at the lower end of production guidance.Barrick, the world's top producer of gold, is up 5% since the start of the year in line with a stronger gold price which set fresh 4-month highs around $1,340 an ounce on Tuesday. The Toronto-...Read More
Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) retreated slightly in after hours trade on Tuesday after the company announced full year production that came in at the lower end of production guidance.Barrick, the world's top producer of gold, is up 5% since the start of the year in line with a stronger gold price which set fresh 4-month highs around $1,340 an ounce on Tuesday. The Toronto-...Read More
* Dow tops 26,000 but Wall Street gives up gains* Dollar holds near three-year lows* Oil, copper drop after rally (Updates with European market close)By Chuck MikolajczakNEW YORK, Jan 16 (Reuters) - World stock markets edged lower on Tuesday, giving back earlier gains as Wall Street retreated from initial highs as a decline in oil and metals weighed on the energy and materials sectors. Wall Street...Read More
In the same way that the automobile was a big unknown in the days of horse-drawn carriages, cryptocurrencies are unknown in today's world of cash, gold, and credit cards. But it would be a grave mistake for government regulators to overreach and delay this innovation from reaching its potential. Bitcoin BTCUSD, +5.12% prices tumbled last week after reports that South Korea would ban cryptocur...Read More
(Kitco News) - Silver remains an overlooked asset, but in 2018 things could change, as prices are projected to rise based on recovering industrial and investor demand, according to HSBC’s latest silver outlook.“We expect silver to move moderately higher in 2018 and 2019 based on strong industrial demand and limited supply,” said James Steel, chief precious metals analyst at HSBC....Read More
(Kitco News) - Silver remains an overlooked asset, but in 2018 things could change, as prices are projected to rise based on recovering industrial and investor demand, according to HSBC’s latest silver outlook.“We expect silver to move moderately higher in 2018 and 2019 based on strong industrial demand and limited supply,” said James Steel, chief precious metals analyst at HSBC....Read More
Haris Chaudhry, executive chairman of InnovaDerma PLC (LON:IDP), tells Proactive's Andrew Scott he's confident of meeting market expectations for the year and that they've got much greater visibility on revenues for the second half than they've had in the past.Turnover in the six months to December grew by 31% on a constant currency basis to ?4.2mln. Meet Netscientific PLC, discoverIE Group...Read More
(Kitco News)- Unlike for gold, it has not been a good start to the yearfor crypto currencies, especially for bitcoin, which lost significant traction asprices trade around $11,000 an ounce.Tuesday has been a particularly disappointing day forbitcoin investors, as the digital currency has dropped almost 20% during thetrading session. Kitco.com’saggregated markets show bitcoin last traded at $...Read More
2:30pm: Speculators keep GKN Plc shares higher, FTSE 100 miners under fireGKN Plc (LON:GKN) remained one of London's most traded stocks on Tuesday, along with the FTSE 100 natural resource stocks.The engineering firm's shares were up 1.5%, changing hands at 444.1p, as traders continue to speculate around the possibility of a transaction with Melrose Industries Plc (LON:MRO).Rio Tinto Plc (LON:RIO)...Read More
(Adds Greenlight 2017 performance, Einhorn comments on tech, industrials, gold)BOSTON, Jan 16 (Reuters) - Hedge fund manager David Einhorn told investors on Tuesday that he made a "large" bet on insurer Brighthouse Financial late last year, and had made money on General Motors but lost by shorting Amazon and Tesla .Einhorn's Greenlight Capital bought into Brighthouse, MetLife's former U...Read More
(Adds Raiffeisen CEO comment, more detail)WARSAW, Jan 16 (Reuters) - Poland's financial market regulator said on Tuesday it would not approve a plan by Austrian bank Raiffeisen Bank International to set up a new bank in Poland.RBI wanted to create the new bank to take on a batch of mainly Swiss franc-denominated loans from its existing Polish bank Raiffeisen Bank Polska.RBI was due to list Raiffe...Read More
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.Read full newsRead More
The Libyan capital's only working international airport remained closed to flights on Tuesday, the airport said, a day after fighting killed at least 20 people and damaged several planes.Read full newsRead More
* Dollar recovers a day after hitting three-year low* Palladium slips below Monday's record high* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and analyst comments, adds second byline and NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Jan 16 (Reuters) - Gold slipped on Tuesday from the previous day's four-month high, reflecting losses across the...Read More
The list, due in two weeks on January 29, must include "indices of corruption with respect to those individualsRead full newsRead More
U.S. stocks have been crushing it in 2018, with the major market indexes assailing new heights at a crazy clip, sending stock market inflows and Wall Street optimism skyrocketing. In fact, the Dow Jones Industrial Average (DJI) has already added more than 1,000 points in the first 10 trading sessions of the year, and is pacing for its biggest monthly percentage gain since November 2016. But can th...Read More
Gold is quiet at the start of the week as investors prefer risk-on trades.Speculators were bullish gold over Jan. 2-9, the CFTC shows.ETF investors took some profit over Jan 5-12, according to FastMarkets' estimates.The global macro backdrop is gold-positive. Brief analysis of the dollar and US real rates.I am long GLD. Introduction Welcome to my Gold Weekly. In this report, I wish to discuss mai...Read More
BRASILIA, Jan 16 (Reuters) - The Brazilian central bank has called for all vice presidents of state lender Caixa Econ??mica Federal to step down following the investigation of alleged corruption at the bank, a person with knowledge of the matter told Reuters on Tuesday.The central bank's request follows similar demands by federal prosecutors last month which the government initially ignored, sourc...Read More