By Trevor HunnicuttNEW YORK, Jan 17 (Reuters) - U.S. fund investors stampeded into bonds and world stocks during the latest week, ignoring warning signs about stretched prices, according to the Investment Company Institute (ICI).During the week, nearly $17 billion poured into equities, the most in any week since June. Bonds took in even more cash, $19 billion, the most on records that date to 2013...Read More
Gold price is feeding off a growing number of investor worries.Bitcoin's latest setback is also increasing gold demand.Gold has plenty of safety concerns to continue fueling rally.Gold is slowly working its way back into the spotlight as more and more investors become nervous over the possibility that the coming weeks could witness a long-anticipated stock market correction. There is also a be...Read More
BUENOS AIRES, Jan 17 (Reuters) - Argentine thermal and renewable energy producer Genneia SA will consider an initial public offering on the local or international stock market, the company said in a letter to the Buenos Aires stock exchange on Wednesday. The proposal will be discussed at a shareholders meeting on Feb. 7, said the letter from the company, which currently is privately owned.Genneia...Read More
WELLINGTON, Jan 18 (Reuters) - New Zealand house prices posted solid growth in December though the number of sales remained muted, the Real Estate Institute of New Zealand (REINZ) said on Thursday.Nationwide, median house house values rose 1.7 percent compared to the previous month on a seasonally adjusted basis, according to REINZ. Prices were up 5.9 percent anually.The market had made a steady r...Read More
3:00pm: Interserve shares fall on govt scrutiny, but broker says it is not the next CarillionInterserve Plc (LON:IRV) shares are under pressure in the wake of Carillion's collapse, on Wednesday the share was down 1.65% at 119p.It comes amid reports of government scrutiny over the financial health of contractors.The UK Cabinet Office has set up a team of officials to keep an eye on the outsourcer,...Read More
* Boeing shares jump after announcing JV to make aircraft seats* Goldman Sachs slips on trading revenue weakness* Indexes up: Dow 1 pct, S&P 0.9 pct, Nasdaq 1 pct (Updates to late afternoon, changes byline, adds dateline NEW YORK)By April JoynerNEW YORK, Jan 17 (Reuters) - Wall Street's main indexes rose on Wednesday as investors' expectations for higher earnings lifted stocks across sectors.T...Read More
By Karen PierogCHICAGO, Jan 17 (Reuters) - Chicago on Wednesday postponed an $898 million bond sale until next week at the earliest, citing weaker market conditions and the possibility of restructuring the deal to include taxable debt.The revenue bond issue, which topped this week's $3.45 billion supply calendar in the U.S. municipal market, was aimed at refinancing some of Chicago's outstanding g...Read More
At the beginning of every year, we update what's typically one of our most popular pages, the Periodic Table of Commodity Returns. I encourage you to explore 10 years' worth of data on basic materials such as aluminum, zinc and everything in between. A word of warning, though-the interactive feature makes the table highly addictive. Please feel free to share it with friends and family!It was a p...Read More
U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector.Read full newsRead More
Gold futures notched a fifth session gain and another four-month high on Wednesday, with the dollar-denominated yellow metal getting a boost as the U.S. dollar failed to see much of a bounce back from recent lows. Prices for the yellow metal eased back a bit from the settlement shortly after the release of the Federal Reserve's Beige Book. February gold GCG8, -0.87% rose $2.10, or nearly 0.2%, t...Read More
Gold futures notched a fifth session gain and another four-month high on Wednesday, with the dollar-denominated yellow metal getting a boost as the U.S. dollar failed to see much of a bounce back from recent lows. Prices for the yellow metal eased back a bit from the settlement shortly after the release of the Federal Reserve's Beige Book. February gold GCG8, -0.79% rose $2.10, or nearly 0.2%, t...Read More
Amid the wild Bitcoin ride that's wiped more than 40 percent off the cryptocurrency's price in a month, a pattern may be emerging: sellers are switching out of digital gold and into the real thing.Read full newsRead More
Steve HollandWASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday Russia is helping North Korea get supplies in violation of international sanctions and that Pyongyang is getting “closer every day” to being able to deliver a long-range missile to the United States.“Russia is not helping us at all with North Korea,” Trump said during an Oval Office interview...Read More
Bitcoin's recent wobbles have given fresh urgency to a question that's gripped market observers for much of the past year: Will the cryptocurrency go down as one of history's most infamous bubbles, alongside tulipmania and the dot-com craze?Read full newsRead More
David LawderWASHINGTON (Reuters) - The U.S. economy and inflation expanded at a modest-to-moderate pace from late November through the end of 2017, while wages continued to push higher, the Federal Reserve said on Wednesday.“Most districts said that wages increased at a modest pace,” the U.S. central bank said in its periodic Beige Book report on the economy. “A few districts obs...Read More
(New throughout, updates prices and market activity, adds comment and details on funding bill)* Five-year, 30-year spread hits lowest point in over a decade* Two-year yields highest since 2008 By Kate DuguidNEW YORK, Jan 17 - The U.S. yield curve flattened to a decade-low spread between 5-year and 30-year yields and two-year Treasury yields hit a nine-year high on Wednesday on expectations the Fe...Read More
Tim Coughlin, president and chief executive of Royal Road Minerals Ltd (CVE:RYR), updates Proactive on their current drill programme in Nicaragua.Coughlin says they're up to hole number four with the initial two drill holes sitting in the laboratory - results on those are due in the next couple of weeks.Another six holes in the programme are yet to be drilled. Meet Netscientific PLC, discove...Read More
(Adds Beige Book, updates markets)* Industrial production increases 0.9 percent in December* Manufacturing output gains 0.1 percent* Utilities production rises 5.6 percent; mining up 1.6 percent By Lucia MutikaniWASHINGTON, Jan 17 (Reuters) - U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but ma...Read More
* Tech shares lead Wall St higher but Goldman, Bank of America lag* Dollar loses steam after early gains* Oil edges up ahead of inventory data (Updates with European market close)By Chuck MikolajczakNEW YORK, Jan 17 (Reuters) - World shares inched higher on Wednesday as a rebound in technology shares lifted Wall Street, while the dollar relinquished early gains to trade lower after a report sugges...Read More
* U.S. Treasury monitoring more than 100 platforms* U.S. to push other countries for tougher rules* Bitcoin price slumps to half its December peak By Michelle PriceWASHINGTON, Jan 17 (Reuters) - Financial crime fighters at the U.S. Treasury are "aggressively" pursuing virtual currency platforms that lack strong internal safeguards against money laundering, a top official told a Senate p...Read More