WASHINGTON, Feb 26 (Reuters) - The White House said on Monday it was up to China to decide whether to do away with presidential term limits after the country's ruling Communist Party made a proposal on Sunday that would allow President Xi Jinping to stay in office indefinitely."That's a decision for China to make about what's best for their country," White House spokeswoman Sarah Sanders...Read More
* Powell testimony, central banker speeches keep markets edgy* Traders brace for German, Italian political developments (Adds comment, updates table, prices in text)By Gertrude Chavez-DreyfussNEW YORK, Feb 26 (Reuters) - The dollar rose against most currencies, except the euro, in choppy trading on Monday ahead of a slew of U.S. economic data and events this week, including Federal Reserve Chairma...Read More
Nigel Forrester, chairman and managing director at Mount Burgess Mining NL (ASX: MTB) runs Proactive through their two key deposits in Botswana - Kihabe and Nxuu.Forrester says the Kihabe deposit is partially oxidised in the top portion and is about 2.4 kilometres long.He adds the bottom section is sulphide so they'll have two different processes of treatment there.''The Nxuu deposit which is seve...Read More
Gold is also supported by weakness in the US Dollar. The US Federal Reserve is likely to remain upbeat on the outlook for both the economy and inflation. Gold is now trading around $1,335 in New York session, edging up by 0.35% on renewed concern about the US inflation and a weaker US dollar on Monday. Gold rose to1,341earlier on Monday but was sold after the optimistic comments by St. Lou...Read More
STOCKHOLM, Feb 26 (Reuters) - The owners of Latvia's ABLV Bank, accused by U.S. authorities of large-scale money laundering, have decided to liquidate the lender after the European Central Bank said on Saturday it would be wound up, ABLV told Reuters on Monday. Main owners Ernests Bernis and Olegs Fins, who each hold stakes of 43.5 percent, believe liquidation is the best way ensure the protection...Read More
German bank Berenberg has slashed its target price for roadside recovery outfit AA plc (LON:AA) from 100p to 65p.The rating was already 'sell' so there is no change there and the bank offers little prospect of change in the near-term, either, in a research note headed "a long road to recovery"."When the AA went public in 2014, its investment case focused on reversing declines in paid personal memb...Read More
Steelmaking raw materials made strong gains on Monday as Chinese mills, responsible for half the world's steel output, on the back of speculations that the certain provinces may extend steel supply curbs beyond the winter.The Northern China import price of 62% Fe content ore gained just under 1% to the highest since April trading at $79.95 per dry metric tonne according to data supplied by The Ste...Read More
Mobile payment device concern Square Inc (NYSE:SQ) is set to report fourth-quarter earnings after the close on tomorrow. SQ stock has had a stellar year on the charts, picking up over 160%. At last check, shares of the payment concern were trading up 4% at $46.48 -- a mere stone's throw from a fresh record high. What's more, Square stock has ended higher the day after earnings in five of the past...Read More
U.S. stocks have steadily climbed today, as the Dow heads for another huge gain. Among the equities making noise, biotech MiMedx Group Inc (NASDAQ:MDXG) and laser maker Iridex Corporation (NASDAQ:IRIX) stocks are sinking, while airline name JetBlue Airways Corporation (NASDAQ:JBLU) is higher. Here's a closer look at what shares of MDXG, IRIX, and JBLU are reacting to today.Federal Probe Guts MiM...Read More
Russ Buckland from Lincoln Strategic Inc.Lincoln Strategic Inc. announced today the addition of Russ Buckland, Erik Buckland and Joel Donato to further develop LSI's suite of executive search, technical recruitment and management consulting services.Russ Buckland founded Bedford Resources where, over the past 30 years, he successfully executed over 2,000 leadership and C-suite search projects in t...Read More
Steel stocks have been enjoying tailwinds as the Trump administration mulls placing tariffs on imported steel, with Bloomberg reporting the president is considering the stiffest tax possible. This has meant big gains for Steel Dynamics, Inc. (NASDAQ:STLD) and United States Steel Corporation (NYSE:X), and the price action has not been missed on options traders, as volume has stayed very hot in re...Read More
By Jonathan StempelFeb 26 (Reuters) - Facebook Inc and Chief Executive Mark Zuckerberg have reached a $35 million settlement of class-action litigation accusing them of hiding worries about the social media company's growth prior to its May 2012 initial public offering.The preliminary settlement filed on Monday with the U.S. District Court in Manhattan requires a judge's approval.It amounts to a s...Read More
February has been an unusually volatile month for U.S. stocks, with the major market indexes experiencing both their best and worst weeks in over a year. While the stock market has recouped much of the correction from earlier this month, the indexes are still set to snap a jaw-dropping 10-month winning streak. Looking ahead to March, we decided to dig up some historical stock and sector winners th...Read More
It's been a volatile four weeks for the U.S. stock market. In recent sessions, the S&P 500 Index (SPX) has pared a portion of its February losses, but is comfortably on track to snap its 10-month losing streak. And though the S&P has averaged a March return of 0.6% since its inception, according to data from Schaeffer's Quantitative Analyst Chris Prybal, it's not time to press the buy button on ju...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES CLOSING OF $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has closed its previously announced brokered private placement for gross proceeds of $21,495,000. Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES CLOSING OF $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has closed its previously announced brokered private placement for gross proceeds of $21,495,000. Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and...Read More
Feb 27 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,042.20 42.40 NZX 50**8,340.53 38.81DJIA25,652.37342.38NIKKEI**22,153.63260.85Nasdaq7,401.18263.792FTSE**7,289.58 45.17S&P 500 2,772.32 25.02 Hang Seng** 31,498.6 231.43SPI 200 Fut 6,043.00 28.00 STI** 3,555.85 22.63SSEC**3,330.25 41.23 KOSPI** 2,457.65 6.13----------------------------------------------------------...Read More
* Dollar slides 0.1 pct against a currency basket* Focus on Fed chief Powell's congressional appearance* GRAPHIC-2018 asset returns: (Recasts throughout, updates price; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 26 (Reuters) - Gold prices rose on Monday as a softer U.S. dollar helped the metal rebound from its biggest weekly loss this year, but moves w...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More