By Natalia Zinets and AlessandraPrenticeKIEV, Jan 9 (Reuters) - A Dutch court has issued a provisional order to freeze the Netherlands-based companies of the flagship business group owned by Ukraine's richest man in connection with a long-running $820 million lawsuit.Systems Capital Management (SCM) is owned by Rinat Akhmetov, who has amassed a multi-billion dollar fortune through his conglomerate...Read More
MOSCOW, Jan 9 (Reuters) - Russia's Finance Ministry said on Tuesday it would offer 40 billion roubles ($701.2 million) worth of OFZ treasury bonds at two auctions on Wednesday.The ministry said it would offer 20 billion roubles of OFZs maturing in 2021 and 20 billion roubles of OFZs maturing in 2028 .($1 = 57.0420 roubles) (Reporting by Yelena Orekhova; Writing by Jack Stubbs; Editing by Vladimir...Read More
We've been recounting some of our top stock picks of 2017, last week looking back on our winning short position on Chipotle (CMG). On the long side, our traders also nailed a massive move in industrial stock Trinity Industries Inc (NYSE:TRN), which closed the year up nearly 35%. Here's a closer look at why we were bullish on TRN stock in 2017 and how its strong performance unfolded. What initially...Read More
(Adds detail from report)By Andrea HopkinsOTTAWA, Jan 9 (Reuters) - Canadian housing starts fell in December, as expected, as a sharp decline in multiple unit urban starts outweighed a rise in single-detached starts, data from the Canada Mortgage and Housing Corporation showed on Tuesday.December's decline bucked a strong year for homebuilding, with total urban starts up 6.2 percent from 2016 as...Read More
Gold’s technical picture remainsconstructive even though a bounce in the U.S. dollar has pressured the preciousmetal lately, says Lukman Otunuga, research analyst at FXTM. “Gold found itself underpressure during Tuesday’s trading, amid renewed market expectations of higherU.S. interest rates this year,” the analyst says. Otunuga later adds: “Althoughgold may witness f...Read More
After years of pessimism, in 2017 I wrote an article about why I thought there were a few reasons to be positive about the mining industry (find it here), and I was really pleased with the reception it had, and conversations I had following on from it! So, to follow on from that, I wanted to take a look ahead at 2018, and the technologies I think are really disrupting the industry at the moment.Th...Read More
Mr. Jean Martineau reports DYNACOR ANNOUNCES DEBT-FREE STATUS AFTER EARLY REPAYMENT OF LONG-TERM CREDIT FACILITY Dynacor Gold Mines Inc. is now debt free. The final payments, on its long-term senior secured credit facilities, amounting to $1.9-million, were done in the last week of December, 2017. (All amounts refer to U.S. dollars.) During the last five months of 2017, Dynacor has made aggregate...Read More
Mr. Jean Martineau reports DYNACOR ANNOUNCES DEBT-FREE STATUS AFTER EARLY REPAYMENT OF LONG-TERM CREDIT FACILITY Dynacor Gold Mines Inc. is now debt free. The final payments, on its long-term senior secured credit facilities, amounting to $1.9-million, were done in the last week of December, 2017. (All amounts refer to U.S. dollars.) During the last five months of 2017, Dynacor has made aggregate...Read More
Watching the mortgage market over the last few years has been like watching paint dry but things are about to get interesting...new customers coming to market, interest rate changes and massive overhauls in technology are all reasons why investors are now watching closely. Peter Brodnicki of the Mortagage Advice Bureau (LON:MAB1) tells Proactive why intermediaries...or brokers...are now perfectly...Read More
(Kitco News) - Gold and silver, after a few attempts, were both unable to break up through their respective resistance levels of $1,322 and $17.22. The break-down of the euro/dollar trade through the 1.20 level initiated some profit taking in both metals yesterday. The 30-year U.S. bond broke above the 2% level yesterday, adding further pressure to the metals complex. The metals have remained resi...Read More
(Kitco News) - Gold and silver, after afew attempts, were both unable to break upthrough their respective resistance levels of $1,322 and $17.22. The break-downof the euro/dollar trade through the 1.20 level initiated some profit taking inboth metals yesterday. The 30-year U.S. bond broke above the 2% level yesterday, adding further pressure to the metals complex.The metals have remained resilient...Read More
OTTAWA, Jan 9 (Reuters) - Canadian housing starts fell in December, as expected, as a sharp decline in multiple unit urban starts outweighed a rise in single-detached starts, data from the Canada Mortgage and Housing Corporation showed on Tuesday.The seasonally adjusted annual rate of starts declined to216,980 in December from November's downwardly revised 251,675. Economists had expected a declin...Read More
* Yen rises after Bank of Japan trims JGB purchases* Crude oil futures rise to highest since May 2015* Samsung's guidance disappoints, weighing on tech sector* Nikkei probes highest levels since November 1991* Europe helps world stocks extend flying start to year* Graphic: World FX rates in 2018 By Marc JonesLONDON, Jan 9 (Reuters) - A tweak to the Bank of Japan's bond-buying programme shunted the...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE REVIEWS 2017 AND PROVIDES OUTLOOK FOR 2018Northern Empire Resources Corp. has summarized the progress of the company in 2017 and provided plans for the first half of 2018.Michael G. Allen, president, chief executive officer and director, stated: "On behalf of the board and management, I would like to thank our shareholders for your support during this trans...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE REVIEWS 2017 AND PROVIDES OUTLOOK FOR 2018Northern Empire Resources Corp. has summarized the progress of the company in 2017 and provided plans for the first half of 2018.Michael G. Allen, president, chief executive officer and director, stated: "On behalf of the board and management, I would like to thank our shareholders for your support during this trans...Read More
(Kitco News) - Gold and silver prices are weaker in early U.S. trading Tuesday. A rebound in theU.S. dollar index early this week is providing downside price pressure on thegold and silver markets. Some normal profit-taking and chart consolidation arealso featured after gold prices hit a 3.5-month high last week. February Comex gold was last down $5.50 an ounce at $1,314.90. March Comex silver was...Read More
JOHANNESBURG, Jan 9 (Reuters) - South Africa's new vehicle sales fell 2.4 percent year-on-year to 40,636 units in December, data from the trade and industry department showed on Tuesday.Exports however fell 7.1 percent to 17,374 units compared with the same month a year earlier, the department said. (Reporting by Mfuneko Toyana; Editing by Ed Stoddard) Disclaimer: The views expressed in this art...Read More
* Yen hits five-day high after BoJ trims buying in long-dated JGBs* Euro below $1.20 on profit-taking after record long positions* Dollar index hits 11-day high* Graphic: World FX rates in 2017 By Jemima KellyLONDON, Jan 9 (Reuters) - The yen reached a five-day high on Tuesday, after the Bank of Japan trimmed its purchases of long-dated government bonds in market operations, stoking speculation th...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More