CASABLANCA, Morocco, Jan 10 (Reuters) - Morocco's economic growth will slow to 2.8 percent this year, down from 4 percent in 2017, officials forecast on Wednesday, blaming a decline in agricultural production.A lack of rainfall will cause farming output to fall by 1.3 percent this year after a 13.6 percent gain last year due to better weather conditions, officials told reporters.Annual inflation w...Read More
TORONTO, Jan 10 (Reuters) - Canadian railway, pipeline and other trade-sensitive stocks weighed on the country's main index on Wednesday as two government sources said Canada is increasingly convinced the United States plans to pull out of the North American Free Trade Agreement. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 71.29 points, or 0.44 percent, at 16,...Read More
* Dollar index down 0.23 pct* Dollar down more than 1 pct vs yen (Updates prices, market activity, adds comments)By Saqib Iqbal AhmedNEW YORK, Jan 10 (Reuters) - The U.S. dollar fell to a more than six-week low against the Japanese yen and weakened against a basket of major currencies on Wednesday after a report that China was ready to slow or halt its U.S. Treasury purchases.Officials reviewing C...Read More
WELLINGTON, Jan 11 (Reuters) - Job advertisements in New Zealand slipped 0.3 percent for the second month in a row in December, a survey by ANZ Bank showed on Thursday.The result suggested that the country's robust demand for labour, driven by a strong economy and skill shortages, had peaked."The number of job ads being placed is very high, and both data and anecdote suggest the labour market...Read More
NEW YORK, Jan 10 (Reuters) - Wall Street's major stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key U.S. trade agreement.The Dow Jones Industrial Average fell 16.67 points, or 0.07 percent, to 25,369.13, the S&P 500 lost 3.06 points, or 0.11 percent,...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------0830/1330: The Labor Dept. issues weekly Jobless Claims; issues Producer Price Index for December.0830/1330: The USDA releases weekly Export Sales.1000/1500: Freddie Mac issues weekly U.S. mortgage rates.1030/1530: EIA issues weekly U.S. underground natural gas stocks.1100/1600: The Treasury Dept. makes weekly announcement...Read More
(Adds Nestle, SS&C, Bayer, Galeries Lafayette, Intesa SanPaolo, Henri Selmer Paris; Updates Twenty-First Century Fox Inc)Jan 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:** Huawei Technologies Co Ltd's planned deal with U.S. carrier AT&T Inc to sell its smartphones in the United States has collapsed at the 11th hour because...Read More
Part of the attractiveness of Thor Mining's (LON: THR) new reserve upgrade is that it allows for the extension of the mine life at the Molyhil tungsten-molybdenum project by 17% to seven years. CEO Mick Billing tells Proactive about the grade of the reserves and gives us an idea of volumes as well as bringing us up to date on Thor cost cutting and profitability aspirations. Also word here on congl...Read More
(Recasts first paragraph, adds comment)NEW YORK, Jan 10 (Reuters) - Strong demand at a $20 billion U.S. 10-year government note sale on Wednesday stabilized a bond market that was rattled by a Bloomberg report that said China may pare or stop buying Treasuries because it sees them as unattractive amid rising U.S.-China trade tension.China is the biggest foreigner holder of U.S. government debt, to...Read More
BUENOS AIRES, Jan 10 (Reuters) - Argentina refinanced $1 billion in expiring Treasury notes after receiving orders worth $2.9 billion, the finance ministry said in a statement on Wednesday.The ministry said the sale was split between $500 million in 196-day notes expiring in July, which received $1.9 billion in orders, and $500 million in 364-day notes expiring next January, which received $976 mi...Read More
CEO of Ceres Power(LON:CWR) Phil Caldwell tells Proactive how he sees fuel cell technology completely taking over from combustion engine driven energy...he says a revolution is happening and Ceres is at the forefront of that. Ceres has signed another joint development agreement with an original equipment manufacturer (OEM).Ceres and the unnamed new partner will work together to develop prototype m...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Deere & Company (NYSE:DE) turned in a strong annual return in 2017. However, the stock could have more fuel in the tank. Although DE stock was last seen down 0.6% at $164.54, the shares hit a record high of $168.44 earlier after receiving some bullish analyst attention, and just flashed a familiar buy signal. Deere & Co stock was upgraded to "outperform" from "sector perform" at RBC this morning,...Read More
As the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) stare down their first loss of 2018, several stocks are proving to be resilient in the risk-off session. Among them are cancer specialist Epizyme Inc (NASDAQ:EPZM), MoviePass owner Helios and Matheson Analytics Inc (NASDAQ:HMNY), and da Vinci Surgical System parent Intuitive Surgical, Inc. (NASDAQ:ISRG). Here's a quick look at what has shares...Read More
(Corrects seventh graph to show market reaction after auction)* China may slow or halt U.S. bond purchases -report* Ten-year yields highest since March* Treasury sells 10-year notes at highest yield since August By Karen Brettell and Kate DuguidNEW YORK, Jan 10 (Reuters) - U.S. Treasury yields jumped to 10-month highs on Wednesday after Bloomberg News reported that Chinese officials have recommen...Read More
By Devidutta Tripathy and Abhirup RoyMUMBAI, Jan 11 (Reuters) - India's capital market regulator late on Wednesday barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India's biggest corporate scandal.Ramalinga Raju, founder and former chairman of the erstwhile s...Read More
Ceres Power Holdings PLC (LON:CWR) shares climbed 4% to 14.95p after the solid oxide fuel cell developer announced that it signed a new joint development agreement with an undisclosed "significant" European-based original equipment manufacturer.Ceres and the new partner will work together to develop prototype multi-kilowatt power systems for several potential applications. It marks the fifth agree...Read More
LONDON, Ontario (Reuters) - Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said on Wednesday.The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January...Read More
LONDON, Ontario (Reuters) - Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said on Wednesday.The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January...Read More