Mr. Eric Fier reports SILVERCREST ANNOUNCES LAS CHISPAS MAIDEN RESOURCE ESTIMATE: 3.4 MILLION TONNES @ 3.66 GPT AU AND 297 GPT AG OR 572 GPT AGEQ FOR 63 MILLION OZ AGEQTetra Tech Canada Inc. has completed its independent mineral resource estimation for Silvercrest Metals Inc.'s Las Chispas property, located in Sonora, Mexico. Inferred Mineral Resources are estimated at 3.4 million tonnes grading 3...Read More
SHANGHAI, Feb 27 (Reuters) - China's central bank said it will skip open market operations on Tuesday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will neither drain nor inject any funds into the market for the day as there are no reverse repos due to mature on Tuesday.The PBOC injected a net 580 billion yuan ($91.90 b...Read More
(Repeats Feb 26 column; no changes to text)By Jamie McGeeverLONDON, Feb 26 (Reuters) - Hedge funds and other speculators are making their biggest ever short-term bet on higher U.S. interest rates, a clear sign that the "vol-mageddon" bout of market turbulence earlier this month has almost completely fizzled out.Speculators are also slowly beginning to rebuild their bets on lower U.S. st...Read More
SEOUL, Feb 27 (Reuters) - The Bank of Korea left its key interest rate unchanged on Tuesday, as expected, taking note of muted inflationary pressure and showing caution ahead of any further monetary tightening in the United States. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May 1999:- - - -Nov. 30, 2017Up 25 bp to...Read More
SEOUL, Feb 27 (Reuters) - The Bank of Korea left its key interest rate unchanged on Tuesday, as expected, taking note of muted inflationary pressure and showing caution ahead of any further monetary tightening in the United States. A Bank of Korea media official did not elaborate on the monetary policy committee's decision to keep the base rate at 1.50 percent. Governor Lee Ju-yeol is due to hold...Read More
Feb 27 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 27-FebJapan Auction of 2-year government bonds 27-FebItaly Medium-long term auction 27-FebBelgium Auction of Treasury bills 28-FebGermany Auction of 10-year Federal bonds 28-Fe...Read More
Feb 27 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------TUESDAY, FEBRUARY 27 ** NEW DELHI -I...Read More
LONDON, Feb 27 (Reuters) - Sales expectations among small and medium-sized British factories hit an almost three-year high last month, boosted by a strong global economy, adding to positive signals from the manufacturing sector, a survey showed on Tuesday.Some 72 percent of manufacturers expect sales to increase over the next six months, up from 59 percent three months ago, according to the quarte...Read More
Feb 27 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, FEBRUARY 27 ** WELLINGTON...Read More
(Recasts with peso losses)By Sheky EspejoMEXICO CITY, Feb 26 (Reuters) - Mexico's peso sank on Monday, hurt by worries over the future of the country's free trade deal with the United States, while Chilean equities fell on losses in a lithium miner and the forestry sector.The Mexican pesoshed 0.8 percent as renewed signs of tension between Mexico and U.S. President Donald Trump over his planned bo...Read More
Although trading well off of highs achieved earlier in the trading session, gold is moderately higher as traders await Jerome Powell’s first testimony to the House and Senate committees this week.As of 3:45 PM Eastern standard time, gold futures (April Comex contract) are trading up $4.50 (+0.34%) at $1,334 80. Gold traded to $1,342.90 overseas last night but has softened as a strong risk-on...Read More
(Kitco News) - Gold investors should not be disappointed this year, as the yellow metal is doing exactly what it is supposed to, which is to serve as a portfolio hedge, said BlackRock’s investment strategist.“Gold as a portfolio hedge and as hedge in terms of signs of stress is doing exactly as advertised. It's delivering that diversification benefit, and it has done that, especially t...Read More
Almost exactly two years ago, the Venezuelan government signed a decree creating the Mining Arc of the Orinoco River National Development Strategic Zone, a project that outlined a 111,843 Sq.Km concession area (12.2 per cent of the country's landmass) for mining gold, diamond, iron ore, copper, bauxite, coltan, among other resources.Twenty-four months later, environmentalists say that the idea of...Read More
(Adds company filed notice of appeal)By Michael O'Boyle and Christine MurrayMEXICO CITY, Feb 26 (Reuters) - Mexico's securities regulator has imposed one of its biggest fines ever for market manipulation on steel company Industrias CH, owned by billionaire Rufino Vigil Gonzalez, government data showed.Industrias CH was fined 2.96 million pesos ($159,764) at the end of November for making "pr...Read More
(Adds context, background)By Carolina MandlSAO PAULO, Feb 26 (Reuters) - Brazilian healthcare insurer Notre Dame Interm?(C)dica Participa???ues SA filed for an initial public offering on the Sao Paulo stock exchange on Monday, according to documents filed with Brazil's securities regulator CVM.The offering will have a primary portion, in which the company will issue new shares, and a secondary po...Read More
HOLLYWOOD, Fla., Feb 26 (Reuters) - FMC Corp is planning a $500 million initial public offering of a stake in its lithium business on the New York Stock Exchange this fall, its chief financial officer said on Monday, an avenue for investors to gain exposure to the booming electric vehicle market. U.S.-based FMC, which is primarily a pesticides maker, is planning to sell off around 15 percent of it...Read More
Howard SchneiderWASHINGTON (Reuters) - Freed from economic crisis and aligned with the party in power, new Federal Reserve Chairman Jerome Powell makes his first appearance before Congress on Tuesday in what is widely expected to mark a reset of sorts in relations between the central bank and elected lawmakers.After a decade of arguably strained ties, dating to the Fed’s politically controve...Read More
WASHINGTON (Reuters) - There are some upside risks to the U.S. economic outlook but the degree to which it would affect monetary policy depends on whether the potential capacity of the nation’s economy is also raised, Federal Reserve Governor Randal Quarles said on Monday.“There is a real possibility that some of the factors that have been holding back growth in recent years could shif...Read More
(Adds settlement winning preliminary approval, updated Facebook share price and market value)By Jonathan StempelFeb 26 (Reuters) - Facebook Inc and Chief Executive Mark Zuckerberg have reached a $35 million settlement of class-action litigation accusing them of hiding worries about the social media company's growth prior to its May 2012 initial public offering.The settlement was filed on Monday i...Read More
(Updates prices to close)TORONTO, Feb 26 (Reuters) - Canada's main stock index rose on Monday to a three-week high as gains in the prices of commodities such as gold and silver helped drive up shares of mining companies. The Toronto Stock Exchange's S&P/TSX composite index closed up 76.21 points, or 0.49 percent, at 15,714.66, its highest since Feb. 2.* Nine of the 10 main sectors on the inde...Read More