Recent News

CORRECTED-Asia Graphics-South Korea, HK stocks top May gains in Asia-Pacific

June 06, 2017 / www.kitco.com

(Corrects links)June 6 (Reuters) - South Korean and Hong Kong stocks led the Asia-Pacific region in May with gains of 6.44 percent and 4.25 percent, respectively. Buoyed by Moon Jae-in's presidential election win in May and inflows of near $8 billion this year, South Korean equities surged 26.35 percent year-to-date in dollar terms, followed by Indian equities which rose 24.81 percent in the same...Read More

SE Asia Stocks-Malaysia posts 2-yr closing high; Philippines down

June 06, 2017 / www.kitco.com

By Chris ThomasJune 6 (Reuters) - Philippine shares fell on Tuesday, dragged down by losses in index heavyweights SM Investments Corp and SM Prime Holdings , while Malaysian shares extended gains into a third session to close at a two-year high.Broader Asian markets were subdued as escalating tensions in the Middle East, the impending testimony of the former FBI director, British elections and a E...Read More

Ireland to raise 1 billion euros in dual bond auction

June 06, 2017 / www.kitco.com

DUBLIN, June 6 (Reuters) - Ireland will seek to raise 1 billion euros in a dual bond auction on Thursday that, if successful, will have covered its minimum funding needs for the year in less than six months. Ireland will raise the debt through the sale of nine- and 28-year bonds, the country's debt agency said on Tuesday, further replenishing the scarce pool of Irish debt eligible for the European...Read More

Shares of AAC Technologies to resume after short-seller report

June 06, 2017 / www.kitco.com

HONG KONG, June 6 (Reuters) - Trading in shares of AAC Technologies will resume on Wednesday, nearly three weeks after the Apple Inc supplier sought a suspension when its stock fell following a short-seller report that accused it of dubious accounting. Shenzhen-based AAC Technologies, a maker of miniaturised acoustic components including speaker boxes, speakers, receivers and microphones, reiterat...Read More

Jun 6 Denison (DML,TSX) Announces Active Summer Plans for Wheeler River and Pipeline Projects

June 06, 2017 / www.marketwired.com

TORONTO, ONTARIO--(Marketwired - June 6, 2017) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to announce the specifics of its summer plans for its 60% owned Wheeler River project and its other Athabasca Basin pipeline projects. Wheeler River A total of 18,000 metres of drilling is planned in approximately 40 holes. The program, which is entirely focused in a...Read More

S&P says Veneto Banca's rating would be "CCC" without state aid prospect

June 06, 2017 / www.kitco.com

MILAN, June 6 (Reuters) - Standard & Poor's rating on Italian troubled lender Veneto Banca's debt would be in the "CCC" region rather than the actual "B" level if it did not take into account the potential for state aid, S&P analyst Mirko Sanna said on Tuesday."Veneto Banca has a negative outlook and a 'B' rating that takes into account potential state support. Without that support the rating toda...Read More

RBS settles landmark lawsuit over 2008 cash call - sources

June 06, 2017 / www.kitco.com

LONDON, June 6 (Reuters) - Royal Bank of Scotland has reached an out-of-court deal to settle a costly and embarrassing lawsuit alleging it misled investors during a 12 billion pound ($16 billion) cash call launched just before its near collapse in 2008, sources said.Sources familiar with the situation said a majority of shareholders in the group look set to accept an offer after days of intense ta...Read More

UPDATE 1-Croatia central bank buys 188 million euros from banks to tame kuna gains

June 06, 2017 / www.kitco.com

(Adds dealer's comment, details)ZAGREB, June 6 (Reuters) - Croatia's central bank said on Tuesday it had bought 188 million euros ($211 million) from commercial banks, intervening to ease firming pressures on the kuna currency.It bought the euros in an auction at an average rate of 7.4163 kuna per euro.The kuna was quoted at 7.4110 at 0950 GMT, down from 7.3810 before the intervention.It is the fi...Read More

South Africa's mining charter to become law next week - minister

June 06, 2017 / www.kitco.com

JOHANNESBURG, June 6 (Reuters) - South Africa's new mining charter, which sets industry targets for black ownership and participation in the sector, will be gazetted and become law next week, Mineral Resources Minister Mosebenzi Zwane said on Tuesday.The mining industry has complained that it has not been consulted enough about the revisions and that South Africa's mining industry is losing invest...Read More

UPDATE 1-South Africa tumbles into recession as manufacturing, trade slump

June 06, 2017 / www.kitco.com

(Adds more details, quotes, rand)PRETORIA, June 6 (Reuters) - South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday, after the economy contracted in the first quarter, led by weak manufacturing and trade.The economy contracted by 0.7 percent in the first three months of the year after shrinking by 0.3 percent in the fourth quarte...Read More

European stocks subdued as investors flee risk, healthcare stocks weigh

June 06, 2017 / www.kitco.com

* STOXX 600 down 0.4 pct* Arab-Qatar rift hits oil, Norsk Hydro* Roche falls as Aphinity study results disappoint* Vestas Wind jumps on new wind turbine launch* Stronger euro to weigh on European equities - MS (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)By Helen ReidLONDON, June 6 (Reuters) - E...Read More

Indian shares end lower after shedding early gains

June 06, 2017 / www.kitco.com

June 6 (Reuters) - Indian shares ended lower on Tuesday, reversing course from record highs hit in early session as markets paused ahead of the central bank's policy meeting.The benchmark BSE index closed down 0.38 percent at 31,190.56, after hitting a record high of 31,430.32. The broader NSE index ended 0.39 percent lower at 9,637.15. The index breached 9,700 points for the first time early in t...Read More

GLOBAL MARKETS-Investors flee to gold, German bonds as political worries rise

June 06, 2017 / www.kitco.com

* Gold, German bunds hit six-week highs as safe assets thrive* World stocks edge away from record highs, European shares hit* Sterling stays steady as polls narrow ahead of UK election* Graphic: World FX rates in 2017 By Abhinav RamnarayanLONDON, June 6 (Reuters) - World stocks fell while safe-haven gold and German government bonds were in demand on Tuesday as tension in the Middle East, an electi...Read More

London Attack: Attacker Known to Authorities As PM's Record Called Into Question - TheStreet

June 06, 2017 / www.thestreet.com

London's Metropolitan Police have released the names of two of the perpetrators of Saturday evening's terrorist attack, as polls show the U.K.'s governing party is losing ground in Thursday's general election. Khuram Shazad Butt and Rachid Redouane were named on Monday as the attackers. The third attacker is yet to be named. Butt, who was 27 years old, was a British citizen born in Pakistan. He w...Read More

Qatari commodity export costs to rise as UAE port ban disrupts trading

June 06, 2017 / www.kitco.com

* Region's largest bunkering hub shuns Qatari vessels* Affected shippers may face delays, higher costs* Norsk Hydro says aluminium shipments blocked from UAE port By Roslan KhasawnehSINGAPORE, June 6 (Reuters) - The costs of Qatari energy and commodity exports are likely to rise as the United Arab Emirates' ban on Qatari vessels cuts the ships off from the region's main refuelling port, forcing s...Read More

UPDATE 1-Norway's housing prices down in May as market cools off

June 06, 2017 / www.kitco.com

(Adds quote, detail)OSLO, June 6 (Reuters) - Norwegian seasonally adjusted housing prices fell by 0.7 percent in May from April in a further sign the market was cooling off from a rapid rise in recent years, a real estate industry association said on Tuesday.On a year-on-year basis, prices rose by 8.3 percent in May, down from 10.7 percent in April and from a decade-high 13 percent in February, R...Read More

EMERGING MARKETS-Emerging stocks, FX suffer from softer oil, Qatar rift

June 06, 2017 / www.kitco.com

By Karin StroheckerLONDON, June 6 (Reuters) - Emerging stocks inched lower and currencies softened on Tuesday, as lower oil and commodity prices and political tensions over a rift between Qatar and fellow Arab nations dampened risk appetite. MSCI's emerging market equity benchmark snapped a three-day winning streak to fall 0.2 percent, with bourses weakening in Asia, Africa and emerging Europe .Cu...Read More

South Africa slips into recession as economy shrinks in Q1

June 06, 2017 / www.kitco.com

PRETORIA, June 6 (Reuters) - South Africa slipped into technical recession for the first time since 2009 after the economy contracted in the first quarter, led by weak manufacturing and trade sectors, Statistics South Africa said on Tuesday.Africa's most developed economy contracted by 0.7 percent in the first quarter after shrinking by 0.3 percent in the fourth quarter of last year, the statistic...Read More

South Africa's gross spending down 0.8 in first quarter of 2017 - stats agency

June 06, 2017 / www.kitco.com

PRETORIA, June 6 (Reuters) - South Africa's real gross domestic expenditure contracted by 0.8 percent in the first quarter of 2017 after contracting by a 0.1 percent in the final quarter of 2016, the statistics agency said on Tuesday.Household expenditure decreased by 1.4 percent in the first three months of the year after an increase of 1.3 percent in the previous three months. Government expendi...Read More

S.Africa's deputy finance minister dismisses report of graft

June 06, 2017 / www.kitco.com

JOHANNESBURG, June 6 (Reuters) - South Africa's Deputy Finance Minister Sfiso Buthelezi said on Tuesday he was dismayed by a media report alleging he improperly benefited from tenders during his time as chairman of the state-owned rail services company.Allegations of government corruption have escalated this week after local media began reporting on more than 100,000 leaked emails they say show in...Read More

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