Recent News

China stocks end firmer, investors await economic data

June 06, 2017 / www.kitco.com

SHANGHAI, June 6 (Reuters) - China stocks ended higher on Tuesday, with consumer and financial shares lending support as investors pondered the impact of new regulations on initial public offerings and ahead of a flurry of economic data.The blue-chip CSI300 index rose 0.7 percent, to 3,492.88 points, while the Shanghai Composite Index gained 0.3 percent to 3,102.13 points. China's economy is likel...Read More

UPDATE 2-Qatar's aluminium exports blocked, Norsk Hydro seeking other routes

June 06, 2017 / www.kitco.com

* UAE's Jebel Ali port closed to Qatar shipments* Norsk Hydro looking at alternative options* Shares in Norsk Hydro down 2 pct (Adds background, analyst, share)By Joachim Dagenborg and Terje SolsvikOSLO, June 6 (Reuters) - Qatar's isolation by top Arab nations has already hit aluminium exports from a plant part-owned by Norway's Norsk Hydro which warned on Tuesday it would take time to restart the...Read More

India seen holding rates steady, RBI expected to sound less hawkish

June 06, 2017 / www.kitco.com

By Rafael Nam and Suvashree ChoudhuryMUMBAI, June 6 (Reuters) - India's central bank will likely strike a less hawkish tone while leaving interest rates unchanged at a policy meeting on Wednesday, according to analysts, as inflation is running well below forecasts, and the economy has slowed more than expected.A Reuters poll showed 56 of 60 analysts expected the Reserve Bank of India's (RBI) monet...Read More

Australia shares close at weakest since February; NZ turns lower

June 06, 2017 / www.kitco.com

(Updates to close)June 6 (Reuters) - Australian shares fell on Tuesday with financial and material stocks leading the decline, while the central bank kept its benchmark interest rate unchanged, as widely expected, at its June policy review.The S&P/ASX 200 index ended 1.52 percent, or 87.367 points, lower at 5,667.5, its lowest close since Feb. 9.Shares in the 'Big 4' banks fell between 1.4 percen...Read More

WRAPUP 1-Australia central bank sticks to upbeat tune as economy underperforms

June 06, 2017 / www.kitco.com

* RBA holds rates at 1.5 pct on optimism for outlook* Q1 economic growth seen around 0.2 pct q/q, 1.6 pct y/y* Current account deficit of A$3.1 bln misses forecasts* Net exports trim 0.7 ppt from Q1 GDP as bad weather hits volumes By Wayne Cole and Swati PandeySYDNEY, June 6 (Reuters) - Australia's central bank held interest rates for a 10th month on Tuesday, taking an optimistic tone on the econ...Read More

EM ASIA FX-Asian currencies inch up amid caution on global risks

June 06, 2017 / www.kitco.com

* Investors cautious ahead of coming major events* Peso falls on benign May inflation data* Baht gains after relaxation of FX measures (Adds text, updates prices)By PatturajaMurugaboopathy June 6 (Reuters) - Most Asian currencies edged up against the dollar on Tuesday, though the same global developments that hurt the greenback also reduced risk appetites for cautious investors. Against the yen ,...Read More

Nikkei falls 1 pct, pressured by stronger yen and Wall St losses

June 06, 2017 / www.kitco.com

TOKYO, June 6 (Reuters) - Japan's Nikkei share average slumped on Tuesday, surrendering the 20,000 level after losses on Wall Street and a stronger yen sapped sentiment.The Nikkei ended down 1 percent at 19,979.90, moving away from Friday's high of 20,239.81, which was its loftiest since August 2015. U.S. stocks edged down on Monday, and a stronger currency also weighed on Japanese shares. The dol...Read More

IAMGOLD Announces Strategic Agreement with Sumitomo Metal Mining for the Development of C??t?(C) Gold - Canada NewsWire (press release)

June 06, 2017 / www.newswire.ca

All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.TORONTO, June 5, 2017 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced that it has entered into an Investment Agreement with Sumitomo Metal Mining Co., Ltd., a Tokyo, Japan-based mining company and a global leader in the development and mining of non-ferrous metals, and a wholly-owned subsidiary...Read More

Shawbrook rejects third buyout offer from private equity groups

June 06, 2017 / www.kitco.com

June 6 (Reuters) - British challenger bank Shawbrook Group Plc said it rejected a raised and final 868 million pounds ($1.12 billion)offer from private equity groups trying to take control of the lender."Independent directors believe that the final offer undervalues Shawbrook and its prospects and therefore advise that shareholders take no action with regards to the final offer," Shawbrook said in...Read More

UPDATE 1-India Grid Trust shares fall on market debut after $350 mln IPO

June 06, 2017 / www.kitco.com

* Shares fall as much as 6.3 pct* Market needs time to understand such instruments - traders* At least $1.3 bln of listings expected from InvITs (Adds quotes, background)By Swati BhatMUMBAI, June 6 (Reuters) - India Grid Trust's shares fell as much as 6.3 percent on their debut on Tuesday, clouding the listing prospect for other infrastructure investment funds after raising 22.5 billionrupees ($34...Read More

Swiss stocks - Factors to watch on June 6

June 06, 2017 / www.kitco.com

ZURICH, June 6 (Reuters) - The Swiss blue-chip SMI was seen opening 0.9 percent lower at 8,963 points on Tuesday, according to premarket indications by bank Julius Baer .Here are some of the main factors expected to affect Swiss stocks:ROCHE A clinical trial combining Roche's newer targeted drug for breast cancer with an older treatment resulted in a modest benefit for women with a specific type o...Read More

FOREX-Dollar hits 6-week low vs yen ahead of UK vote, Comey testimony and ECB outcome

June 06, 2017 / www.kitco.com

* Dollar/yen slips below 110.00, dollar index hits 7-mth low* Caution begins to mount ahead of UK elections, Comey testimony* RBA stands pat on rates as expected, Aussie pares losses (Updates with reaction to RBA's policy decision)By Shinichi SaoshiroTOKYO, June 6 (Reuters) - The dollar hit a six-week low against the safe-haven yen on Tuesday, with investors cautious ahead of Britain's election, a...Read More

MIDEAST STOCKS-Qatar may remain weak on diplomatic tensions but drop should slow

June 06, 2017 / www.kitco.com

DUBAI, June 6 (Reuters) - Qatar's stock market may remain weak on Tuesday after Saudi Arabia, Egypt and the United Arab Emirates severed ties with Doha, but the drop should slow from Monday's 7.3 percent plunge, fund managers said.Monday's panic selling may ease if investors start speculating about the possibility of some kind of negotiated solution, while some traders think Qatari state-linked fu...Read More

JGBs inch lower tracking Treasuries, firm 30-yr sale limits losses

June 06, 2017 / www.kitco.com

TOKYO, June 6 (Reuters) - Japanese government bond prices inched down on Tuesday with the market weighed down by an overnight slip in U.S. Treasuries, although firm demand for new 30-year debt helped contain the losses.The benchmark 10-year JGB yield was half a basis point higher at 0.050 percent. The 20-year yield was unchanged at 0.560 percent.The bid-to-cover ratio, a gauge of demand, at Tuesda...Read More

SE Asia Stocks-Subdued; global factors dampen risk appetite

June 06, 2017 / www.kitco.com

By Chris ThomasJune 6 (Reuters) - Southeast Asian stock markets, except Vietnam, were sluggish on Tuesday, taking a cue from Asian peers that fell as global risk appetite dampened amid escalating tensions in the Middle East and ahead of key events later this week.Asian shares pulled back from a two-year high hit on Monday, with MSCI's broadest index of Asia-Pacific shares outside Japan falling 0.2...Read More

China stocks flat ahead of economic data; Hong Kong up

June 06, 2017 / www.kitco.com

* SSEC -0.2 pct, CSI300 +0.1 pct, HSI +0.4 pct* China May data expected to show stable economic growth* Evergrande shares hit record high after bond redemption plan SHANGHAI, June 6 (Reuters) - China stocks were flat in subdued trade on Tuesday morning, as investors pondered the impact of new regulations on initial public offerings and awaited a flurry of Chinese economic data. The CSI300 index r...Read More

Philippines says Arab-Qatar rift may have repercussions for Filipino workers

June 06, 2017 / www.kitco.com

MANILA, June 6 (Reuters) - The Philippine government expressed concern over several Arab powers breaking off diplomatic ties with Qatar, saying this may have "ripple effects" on Filipinos working overseas."Concerned government agencies are looking at the matter and will extend assistance and other support for OFWs (Overseas Filipino Workers) who may be affected by such action." Ernesto Abella, pre...Read More

Australia central bank holds rates at 1.5 pct

June 06, 2017 / www.kitco.com

SYDNEY, June 6 (Reuters) - Australia's central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signalled a steady outlook for much of the year ahead.The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 68 analysts had found all but one expected a steady outcome this week. (Reporting...Read More

China Shenhua leads weak week

June 06, 2017 / www.mining-journal.com

China Shenhua rose on the back of media reporting noting the company is engaged in talks with fellow energy giant, GD Power (CH:600795) to merge some its existing assets in a move to capitalise on China's burgeoning energy demand. Grupo Mexico (BMV:GMEXICOB) was the worst performing miner as copper's mixed performance did little to provide investors with a sense of optimism for the near term.The...Read More

Great Panther Silver

June 06, 2017 / miningstockreview.com

Great Panther Silver Press Releasesgenerated by Q4Great Panther Silver Completes Commissioning of Topia Processing Plant and Resumes Full ProductionPosted: June 1, 2017, 12:30 pmGreat Panther Silver Provides Information For Annual General and Special Meeting of ShareholdersPosted: May 16, 2017, 12:30 pmGreat Panther Silver Reports First Quarter 2017 Financial ResultsPosted: May 3, 2017, 10:30 pmGr...Read More

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