* Union demands 6 pct higher pay, right to shorter hours* Employers reject demand for right to reduced hours* Regional talks in Baden-Wuerttemberg due on Thursday* Union IG Metall has threatened 24-hour strikes* Germany is Europe's economic powerhouse (Adds comments after talks, opinion poll)By Ilona WissenbachBOEBLINGEN, Germany, Jan 11 (Reuters) - German labour bosses and industrial employers ag...Read More
Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in To...Read More
Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in To...Read More
Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering led by Goldman Sachs Group Inc and JPMorgan Chase & Co , Bloomberg reported, citing people familiar with the matter.Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first half of 2018, the report said.The company, valued at a...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Recasts, adds closing prices, details)By Maytaal AngelLONDON, Jan 11 (Reuters) - Nickel fell on Thursday as traders took profits after pushing the metal to its highest level in 2-1/2 years in the previous session, while zinc headed towards its highest in more than a decade amid a supply crunch. Four nickel mines in the Philippines, a key nickel export...Read More
SunPower Corporation (NASDAQ:SPWR) is up 9.6% to trade at $9.31, on track to finish about the $9 level for the first time since Dec. 22. Earlier in the week, however, the solar stock pulled back to within one standard deviation of its 40-day moving average. This SPWR pullback may have marked a buying opportunity,as the trendline has historically had bullish implications.According to Schaeffer's...Read More
Oil prices have been grinding higher and higher, spurring forecasters to predict they could hit $80 a barrel this year.Read full newsRead More
Oil prices hit a fresh three-year high on Thursday ahead of a U.S. decision on whether to extend temporary waivers on sanctions against Iran.Read full newsRead More
Tracking the shale boom is getting murkier.Read full newsRead More
China is seeing signs of success in its fight against smog as pollution levels slump dramatically in the capital region Beijing.Read full newsRead More
Rio Tinto Group has dropped out of the bidding for a stake in Soc. Quimica & Minera de Chile SA, one of the world's top lithium producers, as it pursues other ways to capitalize on the electric-car boom, people familiar with the matter said.Read full newsRead More
View Sumitomo Corporation's news, Impact of Cyclone AVA on Ambatovy Joint VentureRead full newsRead More
OPEC may get the credit for the longest winter decline in U.S. crude stockpiles in a decade, but other factors are also at play, including strong refining margins, frigid weather and robust foreign demand.Read full newsRead More
U.S. stock indexes are bouncing back in a big way after a rare setback on Wednesday. The Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) have both hit record peaks, and the S&P 500 Index (SPX) is within striking distance of a fresh high, as well. The energy sector is a major reason for today's gains, with oil stock Chevron (CVX) providing the biggest boost to the Dow, as February c...Read More
By JanWolfeJan 11 (Reuters) - Tivo Corp has again accused cable operator Comcast Corp of using its patented interactive programming technology without authorization, the latest salvo in the companies' long-running royalty dispute.Tivo filed lawsuits in Boston and Los Angeles on Wednesday, saying Comcast's X1 video recording system infringed on patents describing functionality like pausing and resu...Read More
China may slow down its U.S. debt buying. Will gold rally or plunge, then?Dragons love hoarding gold and not onlyDragons love gold. In Greek mythology, dragons were set by the gods to guard golden treasures. It makes perfect sense, since it would be rather difficult to find better guards. Everybody who watched The Hobbit series knows that this is true - the powerful Smaug hoarded a lot and was rea...Read More
(Adds offer closing date, market value)LAGOS, Jan 11 (Reuters) - Flour Mills of Nigeria plans to start marketing a share sale to existing investors aimed at raising 39.86 billion naira ($130 million) on Jan. 15, the bourse said on Thursday, after granting approval.The flour and pasta maker will offer 1.47 billion shares at 27 naira apiece, an 18.2 percent discount to Thursday's market price of 33...Read More
(Refiles Jan 10 story to say in paragraph 9 that Tradeweb is majority-owned by Thomson Reuters, not owned by Thomson Reuters)By Abhinav RamnarayanLONDON, Jan 10 (Reuters) - Bonds and interest rate swaps trading on Tradeweb's multi-dealer platform have surged in early January as investors flock to electronic platforms to meet new, stricter regulations.In the first five days of trading under the se...Read More
(Bloomberg) - The global power needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growth driver for renewable energy producers from the U.S. to China.Miners of bitcoin and other cryptocurrencies could require up to 140 terawatt-hours of electricity in 2018, about 0.6 percent of the global total, Morgan Stanley analysts led by Nicholas...Read More
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") herein provides preliminary fourth quarter and full year production results for 2017. The Company is also pleased to report on construction activities at its Cerro Moro project in Argentina.Fourth quarter and 2017 operational highlightsStrong production momentum continued into the fourth quarter and for the full year 2017. Preliminar...Read More