Feb 26 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,999.80 45.919NZX 50**8,331.90 30.18DJIA**25,309.99347.51NIKKEI**21,892.78156.34Nasdaq**7,337.390127.304 FTSE**7,244.41 -7.98S&P 500** 2,747.343.34 Hang Seng** 31,267.17301.49SPI 200 Fut 6,00431.00 STI** 3,533.22 44.76SSEC**3,289.0241 20.4652 KOSPI** 2,451.52 37.24---------------------------------------------------...Read More
Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc . Newcrest said the total $400 million to be raised by Lundin Gold would be used to develop Lundin's Fruta del Norte gold mine in Ecuador.Newcrest also said it signed a joint venture with Lundin to earn up to 50 percent direct interest in eight Ecuadoran exp...Read More
Feb 26 (Reuters) - Australian shares are seen opening higher on Monday, tracking a recovery on Wall Street as worries over a possible quickening of interest rate hikes dissipated. The local share price index futures rose 0.5 percent or 31 points to 6,004, a 4.2-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.8 percent on Friday.New Zealand's benchmark S&P/NZX...Read More
Yuna Park, Roberta RamptonSEOUL/WASHINGTON (Reuters) - The White House said any talks with North Korea must lead to an end to its nuclear program after senior officials from Pyongyang visiting South Korea said on Sunday their government was open to talks with the United States.The North Korean delegation, in Pyeongchang for the closing ceremony of the Winter Olympics, met at an undisclosed locatio...Read More
SAO PAULO, Feb 25 (Reuters) - Petros pension fund said on Sunday it was calling on Brazilian food processing company BRF SA to hold an extraordinary shareholders meeting to dismiss the firm's entire board of directors following its worst annual results ever.Petros said in a statement that along with the Previ pension fund and other shareholders, it asked the board chaired by Abilio Diniz to call t...Read More
(Adds king appoints new police chief)By Suleiman Al-KhalidiAMMAN, Feb 25 (Reuters) - Jordan's Prime Minister Hani Mulki reshuffled his cabinet on Sunday and appointed the king's chief of staff as his special deputy for economic affairs in an apparent bid to soothe widespread anger over rising hardship and flagging growth.Mulki's reshuffle, his sixth since coming to power in May 2016, comes three...Read More
Feb 26 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,999.80 48.90 NZX 50**8,301.72 34.84DJIA25,309.99347.51NIKKEI**21,892.78156.34Nasdaq7,337.390127.304 FTSE**7,244.41 -7.98S&P 500 2,747.343.34 Hang Seng** 31,267.17301.49SPI 200 Fut 6,004.00 31.00 STI** 3,533.22 44.76SSEC**3,289.0241 20.4652 KOSPI** 2,451.52 37.24-----------------------------------------------------...Read More
JOHANNESBURG, Feb 25 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province.The NUM said the company, which has a total workforce of 1,812 people at the mine, informed the union that the job cuts were due to deteriorating and inadequate infrastructure at the mine, hi...Read More
Garibaldi Resources Corp. (TSX-V:GGI), a Vancouver-based explorer with projects in British Columbia and Mexico, topped the TSX Venture Exchange's Top 50 rankings in 2017 with a 2,351% year-over-year gain in market value in 2017.More than 150,000,000 of Garabaldi's shares were traded throughout the year, while its share prices appreciated 1,722% over the course of 2017. The Venture 50 ranking is ba...Read More
SEOUL (Reuters) - Senior officials from Pyongyang visiting South Korea on Sunday said North Korea was open to talks with the United States, hours after it accused Washington of trying to stir up conflict on the peninsula with new sanctions.In Pyeongchang for the closing ceremony of the Winter Olympics, the visiting delegation also said developments in relations between the two Koreas and between N...Read More
NEW YORK (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.Federal Reserve chair Jerome Powell has said little about the sharp fall in Wall Street stocks this month, besides offering the platitude at his swearing-in ceremony last week that “we will remain alert to any developing risks to...Read More
ISTANBUL, Feb 25 (Reuters) - Turkey's Zorlu Holding has signed an agreement with Chinese investment firm GSR Capital for investments in battery production totalling $4.5 billion until 2023, Zorlu's chief executive said on Sunday.In a statement, Zorlu Holding CEO Omer Yungul said Vestel , owned by Zorlu, and GSR Capital would work together to each build 50 percent of a "mega battery factory&qu...Read More
By Suleiman Al-KhalidiAMMAN, Feb 25 (Reuters) - Jordan's Prime Minister Hani Mulki reshuffled his cabinet on Sunday and appointed the king's chief of staff as his special deputy for economic affairs in an apparent bid to soothe widespread anger over rising hardship and flagging growth.Mulki's reshuffle, his sixth since coming to power in May 2016, comes three days after hundreds of protesters in t...Read More
(Bloomberg) - Long-struggling Comstock Mining Inc. may finally have its mother lode.The penny stock gold miner - which hasn't made an annual profit in 13 years as a public company - is selling a 98-acre patch of land next to the Silver Springs Airport outside Reno, Nevada. Located near Tesla Inc.'s gigafactory, the desert runway is seeing more traffic and attention from developers now that the El...Read More
* Inflation boosted by austerity steps to rein in budget deficit* Food and beverage, transport prices soar* Consumer basket change makes comparisons difficult* But analyst estimates inflation under old basket hit 6 percent* Further rises possible in coming months (Adds 6 percent estimate for inflation with old basket)By Andrew TorchiaDUBAI, Feb 25 (Reuters) - Saudi Arabia's annual consumer price i...Read More
(Bloomberg) - Burkina Faso is looking for a new partner to mine the world's largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1 billion project.Pan African Minerals, a unit of Timis Mining Corp., was told to stop production at the Tambao mine in 2015 following a change in leadership in the West African nation. The company then petitioned the Internation...Read More
ABU DHABI, Feb 25 (Reuters) - First Abu Dhabi Bank , the largest bank in the United Arab Emirates, expects to enter Saudi Arabia's banking market in 2018, a senior executive said on Sunday.The bank has applied for a commercial banking licence in the kingdom, Karim Karoui, the bank's group head of subsidiaries, strategy and transformation, told reporters.FAB, created by last year's merger between N...Read More
By Davide BarbusciaDUBAI, Feb 25 (Reuters) - Saudi Arabian real estate developer Dar Al Arkan met fixed income investors last week for a so-called non-deal roadshow, discussions that were not linked to any specific plan for a bond issue, sources familiar with the matter said.Dar Al Arkan , which issued $500 million of Islamic bonds last April, held the meetings to update investors on the company's...Read More
(Repeats Feb 23 item with no change to text)By Trevor HunnicuttNEW YORK, Feb 23 (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.Federal Reserve chair Jerome Powell has said little about the sharp fall in Wall Street stocks this month, besides offering the platitude at his swearing-in ceremon...Read More
DUBAI, Feb 25 (Reuters) - Saudi Arabia's annual consumer price inflation rate jumped to 3.0 percent in January after the government introduced a 5 percent value-added tax and hiked domestic gasoline prices, official data showed on Sunday.The statistics agency changed the base year for the consumer price index to 2013 from 2007 last month and adjusted the basket of goods and services, making direct...Read More