* U.S. sells $28 bln 2-year notes to lukewarm demand* U.S. 5-year yield hits near 8-year peak before supply* Traders await Fed Jan 30-31 minutes on rate-hike clues* Wall Street losses stoke safe-haven bids for bonds (Updates late market action on Wall Street losses)By Richard LeongNEW YORK, Feb 20 (Reuters) - U.S. Treasury yields rose on Tuesday with the benchmark 10-year yield hovering near a fou...Read More
* Dollar index hits six-day high* U.S. Treasury auctions seen as test of investors' appetite (Updates prices, market activity; adds comment)By Saqib Iqbal AhmedNEW YORK, Feb 20 (Reuters) - The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, helped by rising U.S. Treasury yields and as some traders trimmed overstret...Read More
Knick Exploration Inc. (TSXV:KNX) wishes to inform its shareholders that although things seem quiet, they are not. At present, potential business deals are under discussion on the company's main assets.Read full newsRead More
* U.S. sells $28 bln 2-year notes to lukewarm demand* U.S. 5-year yield hits near 8-year peak before supply* Traders await Fed Jan 30-31 minutes on rate-hike clues (Updates market action, adds quote)By Richard LeongNEW YORK, Feb 20 (Reuters) - U.S. Treasury yields rose on Tuesday with the benchmark 10-year yield hovering near a four-year peak as investors made room for this week's deluge of $258 b...Read More
By Jim ChristieFeb 20 (Reuters) - Puerto Rico's beleaguered electric utility has received court approval to borrow $300 million to help pay expenses, well below the $1.3 billion initially sought but enough to avert power outages it had warned about.On Monday, U.S. District Court Judge Laura Taylor Swain approved the loan which had been opposed by creditors of the U.S. commonwealth and its utility,...Read More
U.S. stocks are struggling today, with the S&P 500's winning streak in jeopardy. Among individual names, pharmaceutical stock Adamas Pharmaceuticals Inc (NASDAQ:ADMS) is sinking, while drugmaker Voyager Therapeutics Inc (NASDAQ:VYGR) and integrated circuit specialist Analog Devices, Inc. (NASDAQ:ADI) are surging higher. Here's a closer look at what shares of ADMS, VYGR, and ADI are reacting to...Read More
Bill Williams, President and CEO of BriaCell Therapeutics (CVE: BCT) tells Proactive Investors they believe they will literally "change the face of cancer immunotherapy."Williams says BriaCell's approach is unique in that they have a personalized "off the shelf" approach to immunotherapy for cancer, targeting advanced breast cancer. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd.,...Read More
RIGA, Feb 20 (Reuters) - Latvian central bank governor Ilmars Rimsevics on Tuesday reaffirmed his denial of a bribery allegation made against him by the Russian owner of a local bank, and said he would not resign.The crisis unleashed on Latvia's financial sector by the allegation and a money laundering inquiry against its third biggest lender marked "a very important moment" for the coun...Read More
BUENOS AIRES, Feb 20 (Reuters) - Argentina's government posted a primary fiscal surplus of 3.9 billion pesos ($200 million) in January, up 10 percent from January 2017 when it had collected unusually high revenues due to a tax amnesty program, the Treasury Ministry said on Tuesday.President Mauricio Macri is aiming to cut the primary deficit to 3.2 percent of gross domestic product this year.Inclu...Read More
NEW YORK, Feb 20 (Reuters) - Swedish central bank Deputy Governor Martin Floden said on Tuesday a decision at the latest policy meeting to tweak guidance for the next rate hike had not been difficult.The Riksbank last week kept rates unchanged and said it expected a cycle of hikes to kick off "during the second half of the year", against earlier guidance for the middle of the year. "...Read More
This week's earnings calendar will feature Pandora Media Inc (NYSE:P), with the streaming music service slated to unveil its quarterly results after the market closes tomorrow, Feb. 21. Options traders have been blasting P stock in recent sessions, and even though the shares have a dismal history of post-earnings price action, most of the speculation has been of the bullish variety.Drilling down o...Read More
Gold under pressure on broad recovery in USD. All eyes may be now on US Treasury auctions for USD trajectory. Gold is now trading around $1343, in pre-New York session, slumped by almost 1% on a broader recovery in the US dollar amid higher US bond yields ahead of a deluge of US Treasury auctions later in the day. The US Dollar was boosted on Tuesday by higher US bond yields as US Treasury is s...Read More
Brand Finance, a business valuation consultancy based in the UK, released its annual ranking of the most valuable mining, iron, and steel brands which highlighted the rebranding efforts of Australian mining company BHP. Its brand value increased by 29% to a hefty $5.1 billion in 2018. Other companies did not fare as well - Glencore, Vale, and Thyssenkrup took a significant hit to its brand value t...Read More
(Kitco News)- Gold investors are taking profits Tuesday, as the U.S.dollar found some traction, bouncing off fresh three year lows, but one fundmanager says that gold will be the asset to own in 2018 as the risk ofstagflation in the U.S. economy rise.In a recent interview with Kitco News, Ronald-PeterStoeferle, fund manager at Incrementum AG and author of the annual In Gold WeTrust report, said he...Read More
(Kitco News) - Gold investors are taking profits Tuesday, as the U.S. dollar found some traction, bouncing off fresh three year lows, but one fund manager says that gold will be the asset to own in 2018 as the risk of stagflation in the U.S. economy rise.In a recent interview with Kitco News, Ronald-Peter Stoeferle, fund manager at Incrementum AG and author of the annual In Gold We Trust report, s...Read More
(Kitco News) - Gold pricesended the U.S. day session sharply down and near the daily low Tuesday.Heavy profit-taking pressure from recent gains and a solid daily rally in theU.S. dollar index hit the gold and silver markets today. Higher worldgovernment bond yields also worked against the precious metals market bullstoday. April Comex gold futures were last down $24.30 an ounce at $1,331.90.March...Read More
(Kitco News) - Gold prices ended the U.S. day session sharply down and near the daily low Tuesday. Heavy profit-taking pressure from recent gains and a solid daily rally in the U.S. dollar index hit the gold and silver markets today. Higher world government bond yields also worked against the precious metals market bulls today. April Comex gold futures were last down $24.30 an ounce at $1,331.90....Read More
The shares of India-based movie company Eros International (NYSE:EROS) are higher today, thanks to a new high-profile investor just ahead of earnings. Meanwhile, shares of American movie theater titan IMAX Corp (NYSE:IMAX) are rallying thanks to a huge box-office debut for "Black Panther" and a big weekend in China. What's more, both EROS and IMAX stocks could enjoy a short squeeze.Ample Fuel for...Read More
After making huge post-earnings moves in the past two quarters, volatility expectations are surging on Advance Auto Parts, Inc. (NYSE:AAP) ahead of the company's earnings release tomorrow morning. Specifically, AAP jumped 16.3% in the session after earnings last quarter, though this followed a one-day post-earnings slide of 20.3% back in August. Implied volatility (IV) data suggests the options ma...Read More
Feb 21 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,940.90 -0.70 NZX 50**8,098.27 -16.98DJIA25,072.43-146.95 NIKKEI**21,925.1 -224.11Nasdaq7,278.81739.35 FTSE**7,246.77 -0.89S&P 500 2,729.22 -3.00 Hang Seng** 30,873.63-241.80SPI 200 Fut 5,883.00 -22.00STI** 3,476.53 -11.35SSEC**3,199.48 14.52 KOSPI** 2,415.12 -27.70--------------------------------------------------...Read More