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UPDATE 3-Berlusconi says Italy can't leave euro; coalition ally disagrees

January 09, 2018 / www.kitco.com

* Euro views underline policy differences in centre-right* Centre-right bloc seen winning most seats in March 4 vote* 5-Star says leaving the euro is no longer party policy (Adds comments from 5-Star leader)By Gavin JonesROME, Jan 9 (Reuters) - Silvio Berlusconi said on Tuesday that Italy must not leave the euro but his main coalition partner immediately disagreed, underlining policy differences i...Read More

UPDATE 1-Polish insurer PZU raises 2020 return on equity target

January 09, 2018 / www.kitco.com

(Adds more details and background)Jan 9 (Reuters) - Poland's biggest insurer PZU SA has raised its return on equity (ROE) target for 2020 to more than 22 percent from 18 percent previously, it said in a strategy update on Tuesday.The company said it expected to achieve benefits from changing the way it works with clients, such as by using artificial intelligence and improving its use of databases...Read More

Continental says in early talks about structural overhaul

January 09, 2018 / www.kitco.com

BERLIN, Jan 9 (Reuters) - German auto parts and tyre maker Continental said on Tuesday it was in "early stages" of talks about a structural overhaul to become more nimble amid the car industry's transition to electric and self-driving vehicles, confirming media reports.A source told Reuters on Tuesday that Continental was continuing to ponder all options for its future corporate structur...Read More

UPDATE 2-Royal Bank of Canada boss sees greater chance NAFTA may be scrapped

January 09, 2018 / www.kitco.com

* RBC CEO says agrees no deal is better than a bad deal* RBC CEO says bank spending C$3 bln annually on technology* CIBC CEO says bank pursuing possible IPO of FirstCaribbean (Adds comments from other bank chiefs on tech spending, paragraphs 7-11)By Matt ScuffhamTORONTO, Jan 9 (Reuters) - Royal Bank of Canada's Chief Executive Dave McKay said on Tuesday he believes there is now a greater chance th...Read More

Turkey borrows $2 bln at 5.2 pct in 2028 bond - bankers

January 09, 2018 / www.kitco.com

ANKARA, Jan 9 (Reuters) - Turkey's Treasury has borrowed $2 billion in a dollar-denominated eurobond maturing in 2028 at a yield of 5.2 percent, bankers said on Tuesday.Demand for the issuance was in excess of $6 billion, they said. (Reporting by Nevzat Devranoglu; Writing by David Dolan, Editing by William Maclean) Disclaimer: The views expressed in this article are those of the author and may n...Read More

RT @mdubowitz: Good. Keep it coming. Saudi women will be able to attend football matches for first time from Friday

January 09, 2018 / www.alaraby.co.uk

Saudi Arabia has long barred women from sports arenas, due to strict...Read full newsRead More

METALS-Tumbling stocks, deficits power zinc's rally to 2007 levels

January 09, 2018 / www.kitco.com

* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Adds closing prices, trader comment)By Pratima DesaiLONDON, Jan 9 (Reuters) - Zinc prices hit their highest in more than a decade on Tuesday as investors anticipating another year of shortages and falling inventories bought the metal used to galvanise steel.Traders said funds taking profits on long positions -- bets on higher prices -- weighed on pric...Read More

RT @business: Brent crude's relentless rally has put $70 a barrel on the radar for the first time since 2014

January 09, 2018 / bloom.bg

Brent crude's relentless rally has put $70 a barrel on the radar for the first time since 2014. Monthly average prices for the global benchmark increased every month since July, the longest such advance in almost seven years. The positive momentum, extreme bullish speculation, and recent pipeline halts in North America and the North Sea have all helped Brent's strong start to 2018.Read full newsRead More

EMERGING MARKETS-LatAm currencies weaken as U.S. dollar rebounds from sell-off

January 09, 2018 / www.kitco.com

By Bruno FederowskiSAO PAULO, Jan 9 (Reuters) - Latin American currencies weakened on Tuesday as the U.S. dollar rebounded from an early 2018 sell-off that drove it to the lowest in more than three months.Emerging market currencies kicked off the year with a rally as solid economic growth figures drove investors away from the greenback and toward riskier assets.That move faded in recent days as ex...Read More

RT @AFParchives: 1978 in Iran. The first sparks fly in the Iranian Revolution

January 09, 2018 / u.afp.com

As a child 40 years ago, Mohammad Hassan Sharifzadeh saw the opening salvos of the Islamic revolution in Iran, starting with a particularly strange scene in a mosque in the holy city of Qom.Read full newsRead More

Johnson & Johnson Lifts Dow to Another Record High

January 09, 2018 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are trading at record highs once again, putting the latter two indexes on pace for a sixth straight win. Bank shares continue to rally ahead of fourth-quarter earnings season, while a raft of positive analyst attention for high-profile stocks -- including today's top Dow gainer, Johnson & Johnson (JNJ) -- and...Read More

East China Sea oil tanker burns for third day as winds, high waves lash rescuers | Article [AMP] | Reuters

January 09, 2018 / www.google.com

Strong winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea and to extinguish a fire that has burned for the past three days on the ship.Read full newsRead More

Newrange Finds New Host Rock Units With Deep Drilling At Pamlico Gold Project, Nevada

January 09, 2018 / www.stockwatch.com

Mr. Robert Carrington reportsNEWRANGE FINDS NEW HOST ROCK UNITS WITH DEEP DRILLING AT PAMLICO GOLD PROJECT, NEVADA Newrange Gold Corp. has identified multiple new rock units favourable for hosting gold mineralizationin the Merritt target area at the company's 100-per-cent-controlled Pamlico project in western Nevada. In particular, the company has now verified quartz veining and silicification in...Read More

Newrange Finds New Host Rock Units With Deep Drilling At Pamlico Gold Project, Nevada

January 09, 2018 / www.stockwatch.com

Mr. Robert Carrington reportsNEWRANGE FINDS NEW HOST ROCK UNITS WITH DEEP DRILLING AT PAMLICO GOLD PROJECT, NEVADA Newrange Gold Corp. has identified multiple new rock units favourable for hosting gold mineralizationin the Merritt target area at the company's 100-per-cent-controlled Pamlico project in western Nevada. In particular, the company has now verified quartz veining and silicification in...Read More

J Sainsbury expected to report sluggish like-for-like sales growth for final quarter of 2017

January 09, 2018 / www.proactiveinvestors.co.uk

Morrisons has thrown down the gauntlet to supermarkets and we'll see on Wednesday whether J Sainsbury PLC picks it up.Of course, Morrisons and Sainsbury's operate in different strands of the supermarket spectrum, plus the latter now includes Argos within the group, but even so, Morrisons' 2.8% year-on-year growth in like-for-like (LFL) sales (excluding fuel) in the 10 weeks to 7 January has s...Read More

US STOCKS-Wall St edges higher as healthcare, bank stocks gain

January 09, 2018 / www.kitco.com

* Target joins retailers that recorded strong holiday sales* Microsoft halts some AMD chip Meltdown patches after PCs freeze* Healthcare, bank stock lead S&P gainers* Indexes up: Dow 0.43 pct, S&P 0.35 pct, Nasdaq 0.22 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 9 (Reuters) - Wall Street's main indexes edged higher on Tuesday as healthcare and bank stocks gained...Read More

REFILE-Transition period has priority over ultimate Brexit, British ministers write

January 09, 2018 / www.kitco.com

(Refiles to add Brexit minister's first name)BERLIN, Jan 9 (Reuters) - British finance minister Philip Hammond and Brexit minister David Davis wrote in a German newspaper that they wanted to give German business leaders the message that a transition period took priority over Britain's final exit from the European Union.The ministers, who are due to begin a visit to Germany on Wednesday, wrote in...Read More

Silver To Underperform Gold In 2018 - Capital Economics

January 09, 2018 / www.kitco.com

(Kitco News)- One key theme among precious metals analysts, as the newyear started, was that silver, which had a dismal 2017, would outshine gold;however, one research firm is taking a contrarian view.In a report Tuesday, Simona Gambarini, commoditieseconomist at Capital Economics, said that she is expecting silver prices tounderperform gold, a continuation of the trend from last year.The U.K-base...Read More

Italy's 5-Star says it is no longer time to leave the euro

January 09, 2018 / www.kitco.com

ROME, Jan 9 (Reuters) - The leader of Italy's anti-establishment 5-Star Movement which leads opinion polls ahead of a March 4 election said on Tuesday that pulling Italy out of the euro zone was no longer a goal of his party.5-Star has steadily rowed back on a previous commitment to hold a referendum on Italy's euro zone membership as it tries to reassure voters and investors that it can be truste...Read More

Boeing shares have more room to fly in 2018 - analysts

January 09, 2018 / www.kitco.com

By Rachit VatsJan 9 (Reuters) - Rising demand for jet sales pushed Boeing Co's stock to the top of the Dow Jones Industrial Average in 2017, and record cash flow to fuel projects, sustain dividends and buy back shares could give it another bumper year, analysts said.After a resurgence in jet sales driven by a solid global economy and with most of its production issues behind it, Boeing has found i...Read More

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