Recent price action in gold suggests that the precious yellow metal might be forming a base at just above $1300 per ounce. The most recent rally, which began in mid-December, took pricing from $1238 to $1327 before finding resistance. Since Friday of last week, gold has been trading in a narrow and defined range with intraday lows coming in above $1305 and intraday highs falling below $1324.When f...Read More
Recent price action in gold suggests that the precious yellow metal might be forming a base at just above $1300 per ounce. The most recent rally, which began in mid-December, took pricing from $1238 to $1327 before finding resistance. Since Friday of last week, gold has been trading in a narrow and defined range with intraday lows coming in above $1305 and intraday highs falling below $1324.When f...Read More
FTSE 100 closes at new highRBS gains on Morgan Stanley upgradeTaylor Wimpey shares decline after trading updateUK manufacturing data surprises to the upside FTSE 100 closed at a new record high on Wednesday, bolstered by the banking sector, and a weaker pound.The UK's top tier index closed the day over 17 points ahead at 7,748 with RBS (LON:RBS) the biggest gainer, up 4.60% to 293.40p after a...Read More
Falco Resources Ltd. (TSX VENTURE: FPC) ('Falco' or the 'Company') is pleased to provide the following update on its development of the Horne 5 Project (the 'Project'), exploration and corporate activities.Read full newsRead More
(Adds comments from Caisse's Sabia)TORONTO, Jan 10 (Reuters) - Caisse de Depot et Placement du Quebec's chief executive said he believes that if U.S. President Donald Trump abandons the North American Free Trade Agreement with Canada and Mexico, the United States would then negotiate a new deal with Canada.Canada is increasingly convinced that Trump will soon announce the United States intends to...Read More
In some Northeast cities, temperatures will top 60 degrees on FridayRead full newsRead More
(Corrects to make clear in paragraph 5 that lost output figure is Reuters calculation based on Bullard's 4.6 percent gap comment)ST. LOUIS, Jan 10 (Reuters) - Sub-par inflation over the past five years has caused a shortfall in the United States economy versus its potential growth path, St Louis Fed President James Bullard said on Wednesday as he fleshed out a proposal for a more dynamic system o...Read More
Together with Ecuador's Ministry of Mines, Canadian Lundin Gold (TSE:LUG) officially inaugurated two tunnels at its Fruta del Norte gold-silver project, located in the southeastern province of Zamora Chinchipe. The tunnels were named Kuri, which means gold in the Indigenous language Shuar, and K'isa, which means fruit in Quechua.Following the completion of soft tunneling in December 2017, mine dev...Read More
Together with Ecuador's Ministry of Mines, Canadian Lundin Gold (TSE:LUG) officially inaugurated two tunnels at its Fruta del Norte gold-silver project, located in the southeastern province of Zamora Chinchipe. The tunnels were named Kuri, which means gold in the Indigenous language Shuar, and K'isa, which means fruit in Quechua.Following the completion of soft tunneling in December 2017, mine dev...Read More
This year may be anything but staid for the oil market as Citigroup Inc. predicts wildcards including war, Middle East tensions, Donald Trump and Kim Jong Un driving crude toward $80 a barrel.Read full newsRead More
By Bruno Federowski and Anthony EspositoSAO PAULO/MEXICO CITY, Jan 10 (Reuters) - Mexico's currency weakened against the dollar on Wednesday and stocks extended losses after Reuters reported that Canada increasingly believes that U.S. President Donald Trump will soon announce his intention to withdraw from NAFTA.Two government sources told Reuters they expected Trump to pull the plug at about the...Read More
Canada's Pancontinental Gold Corporation (TSXV: PUC), a company whose focus is on the Jefferson gold project in South Carolina, wants to expand its presence in the market for key battery metals.The Toronto-based firm announced today that it has entered into an option agreement with 2522962 Ontario Incorporated to acquire a 100% interest in the Montcalm West Nickel-Copper-Cobalt Project, located 65...Read More
Canada's Pancontinental Gold Corporation (TSXV: PUC), a company whose focus is on the Jefferson gold project in South Carolina, wants to expand its presence in the market for key battery metals.The Toronto-based firm announced today that it has entered into an option agreement with 2522962 Ontario Incorporated to acquire a 100% interest in the Montcalm West Nickel-Copper-Cobalt Project, located 65...Read More
Canada's Pancontinental Gold Corporation (TSXV: PUC), a company whose focus is on the Jefferson gold project in South Carolina, wants to expand its presence in the market for key battery metals.The Toronto-based firm announced today that it has entered into an option agreement with 2522962 Ontario Incorporated to acquire a 100% interest in the Montcalm West Nickel-Copper-Cobalt Project, located 65...Read More
(Corrects to 'increasingly' from 'increasing' in first paragraph)* TSX ends down 71.29 points, or 0.44 percent, at 16,247.95* Nine of index's 10 main sectors fall TORONTO, Jan 10 (Reuters) - Canada's main stock index fell on Wednesday, with the broad retreat accelerating in afternoon trade after Reuters reported that Canada is increasingly convinced the United States will withdraw from the North...Read More
(Adds analyst comment, update shares)By Joseph White and Aishwarya VenugopalJan 10 (Reuters) - Nvidia Corp is updating the software for its graphics processors in response to the Spectre security threat, but its chief executive said on Wednesday its chips were not subject to the same risks as those from Intel and other companies."Our GPUs are immune," Nvidia CEO Jensen Huang said during...Read More
Stocks ended their winning streaks, finishing the day in the red, though the major market indexes settled well off their session lows. The Dow was down triple digits in early trading, amid reports that China will scale backbuying U.S. bonds. A rally in bank stocks helped the blue-chip index creep north of breakeven for a short time, but growing concerns that President Trump will pull out of the No...Read More
Jan 11 (Reuters) - Australian shares are expected to open lower on Thursday, reflecting weak sentiment on Wall Street on worries that China would slow U.S. government bond purchases.Wall Street's major stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China, the world's biggest holder of U.S. Treasuries, would slow U.S. government bond purchases. Stren...Read More
Bango plc (LON:BGO), the mobile payments company, has partnered with Netflix to launch carrier billing for subscriptions in Mexico. Customers who sign up to Netflix, the media streaming giant, can now charge the monthly subscription cost to their pre- or post-paid mobile phone bill. Ray Anderson, Bango CEO tells Proactive the direct carrier billing platform is proving very popular with Mexico's 12...Read More
(Adds details on open letter, central bank chief Goldfajn comments)By Bruno FederowskiSAO PAULO, Jan 10 (Reuters) - Brazil's 2017 inflation rate topped analysts' expectations but missed the official target range for the first time, setting the stage for interest rates to remain at all-time lows.The benchmark IPCA index rose 2.95 percent last year, the lowest annual rate since 1998 and below the g...Read More