(Updates to say Little was not immediately available for comment)WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinat...Read More
WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinate trades.The action follows a Fed action in May 2015 when official...Read More
PRAGUE, Feb 16 (Reuters) - Betting firm Fortuna Entertainment Group will delist its shares from the Prague and Warsaw stock exchanges, it said on Friday."(An) extraordinary General Meeting of shareholders of Fortuna Entertainment Group held on 15 February 2018 in Amsterdam adopted a proposal to delist the company," Fortuna said in a regulatory filing.In January, Fortuna's majority shareh...Read More
Home Depot Inc (NYSE:HD) is one of the headliners on next week's earnings calendar, with the home improvement retailer set to report alongside fellow blue chip Walmart (WMT) ahead of the open next Tuesday, Feb. 20. With the stock market closed on Monday for Presidents Day, options traders are blasting HD stock today -- and calls continue to be the contracts of choice.At last check, roughly 25,000...Read More
* Gold heads for 2.4 pct weekly rise* Gains more muted in euro and sterling-priced gold* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and comments; adds second byline, NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 16 (Reuters) - Gold prices dipped on Friday, but still hovered near a three-week high, as the U.S. dollar index bounced from a t...Read More
(Corrects first paragraph to "rebound" from "pullback")* Indexes up: Dow 0.31 pct, S&P 0.38 pct, Nasdaq 0.22 pct* Jan homebuilding data jumps to more than 1-year high* S&P, Nasdaq set for best week since December 2011 By Sruthi ShankarFeb 16 (Reuters) - U.S. stocks rose for a sixth straight session on Friday, putting the S&P 500 and the Nasdaq on course for their...Read More
By Valerie VolcoviciWASHINGTON, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on Interior's draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the depar...Read More
On the heels of its worst week in years -- and a brutal start for new Fed Chair Jerome Powell -- the U.S. stock market bounced back, and flashed a rare signal not seen since 2001. As of this writing, the Dow was on track for its best week since the "Trump rally" kicked off in November 2016, while the S&P 500 Index (SPX) and Nasdaq are pacing for their strongest weeks since December 2011. The ben...Read More
CARACAS, Feb 16 (Reuters) - Venezuela's new "petro" cryptocurrency will attract investment from Turkey, Qatar, the United States and Europe, the country's cryptocurrency regulator, Carlos Vargas, told reporters on Friday. The first sale of petros is scheduled for Tuesday. (Reporting by Vivian Sequera; writing by Brian Ellsworth; editing by Jonathan Oatis) Disclaimer: The views expressed...Read More
(Adds details from conference call, background, updates share price)By Vibhuti SharmaFeb 16 (Reuters) - Tater Tots-maker Kraft Heinz Co's muted quarterly results echoed those of rival Campbell Soup Co as more Americans opted for healthier meals, a trend that has pressured shares of processed food makers for several quarters now.Kraft Heinz, owner of brands such as Velveeta cheese and Heinz ketchu...Read More
The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.Since the end of the B...Read More
MILAN, Feb 16 (Reuters) - Credit Agricole has kicked off the sale of a portfolio of non-performing Italian loans worth around 6 billion euros ($7.5 billion), a source close to the matter said on Friday.The portfolio comprises consumer credit loans and loans to small and medium sized companies, the source said, adding 1.3 billion euros of the total were secured loans."We never comment on rumou...Read More
U.S. stocks are climbing today, and at last check, all three benchmarks are headed for some impressive win streaks. Among stocks making notable moves today, drugmaker Pacira Pharmaceuticals Inc (NASDAQ:PCRX) is struggling, while fellow pharmaceutical stocks Calithera Biosciences Inc (NASDAQ:CALA) and Acer Therapeutics (NASDAQ:ACER) are surging higher. Here's a closer look at what shares of PC...Read More
(Kitco News)- As the old trading saying goes: “The trend is yourfriend,” and some analysts think that gold will continue to trend higher on theback of a weaker U.S. dollar during the shortened trading week.The gold market found new momentum last week as the U.S.dollar was unable to break above key resistance levels and eventually pushed toa new three-year low early Friday. According to...Read More
• A goodish USD rebound prompts some profit-taking. • Risk-on mood adds to the downward pressure. • US economic data eyed for some fresh trading impetus. Gold surrendered a major part of its early gains to 3-week tops and has now retreated to $1355 level ahead of the US economic data. A goodish US Dollar rebound from...Read More
Steel stocks are skyrocketing this afternoon, after the Commerce Department recommended the Trump administration impose steep tariffs and quotas on imports of steel and aluminum.Against this backdrop, options volume is skyrocketing on a handful of domestic steel producers, including Steel Dynamics, Inc. (NASDAQ:STLD) and United States Steel Corporation (NYSE:X).STLD Attracts Eleventh-Hour Option B...Read More
* German 10-year bond yields drops to 0.699 percent* Euro zone bond yields still set to end week higher* U.S. 2-year yields set for biggest weekly rise in almost a year* Euro zone periphery govt bond yields - (Adds in German 10-year Bund yield low)By Dhara Ranasinghe and Fanny PotkinLONDON, Feb 16 (Reuters) - Euro area borrowing costs fell on Friday, with Germany's 10-year yield dropping to a one-...Read More
By Michelle SierraNEW YORK, Feb 16 (LPC) - Broadcom's US$100m loan package backing its proposed US$121bn acquisition of Qualcomm, is set to become the biggest-ever syndicated loan globally if the hostile deal goes ahead.US bankers are eagerly anticipating the mega financing, which breaches psychological barriers as the loan market moves to the next level, as well as potentially setting more record...Read More
LONDON, Feb 16 (Reuters) - Gold miner Acacia Mining confirmed on Friday it had begun to value its Tanzanian operations for a potential sale after expressions of interest from Chinese buyers."The Company is engaging with a small number of potential investors, the process remains at a very early stage and there can be no certainty that an agreement will be reached," the London-listed miner...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Adds details, updates prices)LONDON, Feb 16 (Reuters) - The pound fell on Friday against a stronger dollar but rose versus the euro, with traders watching for any positive signs from a visit to Berlin by Prime Minister Theresa May.May is visiting German leader Angela Merkel, hoping to make progress on overcomin...Read More