(Kitco News) - Gold prices ended the U.S. day session moderately higher Thursday. The preciousmetal was lifted by a lower U.S. dollar index and by higher crude oil pricesthat hit a three-year high today. Some technical buying is also featured ingold, as the near-term chart posture is getting more bullish. February Comex gold was last up $3.80 an ounce at $1,323.00. March Comex silver was last down...Read More
(Adds statement from Comcast)By JanWolfeJan 11 (Reuters) - Tivo Corp has again sued cable operator Comcast Corp of using its patented interactive programming technology without authorization, the latest salvo in the companies' long-running royalty dispute.Tivo filed lawsuits in Boston and Los Angeles on Wednesday, saying Comcast's X1 video recording system infringed on patents describing function...Read More
Jan 12 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,067.60 -29.10NZX 50**8,250.44 -114.460DJIA25,518.7 149.57NIKKEI**23,710.43-77.77Nasdaq7,202.14748.58 FTSE**7,762.94 14.43S&P 500 2,763.36 15.13 Hang Seng** 31,120.3946.67SPI 200 Fut 6020 7 STI** 3,512.68 -7.77SSEC**3,425.57 3.74KOSPI** 2,487.91 -11.84----------------------------------------------------------------...Read More
(Changes sourcing)Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering, a source close to the matter said on Thursday.The IPO will be led by Goldman Sachs Group Inc and JPMorgan Chase & Co , Bloomberg reported earlier, citing people familiar with the matter.( )Reuters reported in June that the company, valued at almost $10 billion in...Read More
(Corrects para 16 to say jobless claims 'increased', not 'fell', for the fourth straight week)* Oil at 3-year high, lifts energy stocks* Airline stocks rise after Delta's upbeat forecast* Cheaper services weigh on producer prices; jobless claims up* Indexes up: Dow 0.47 pct, S&P 0.37 pct, Nasdaq 0.4 pct By Sruthi ShankarJan 11 (Reuters) - Wall Street surged to fresh highs on Thursday as risi...Read More
Coming off a historical 2017, the U.S. stock market has started 2018 with a bang. In fact, the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each hit new record highs in each of the first six trading sessions of the year -- a first-time feat for the major benchmarks. Against this backdrop, several sentiment indicators are pointing to levels of extreme optimism in the stock market. However,...Read More
NEW YORK, Jan 11 (Reuters) - Indirect bidders, including fund managers and foreign central banks, bought a record share of $12 billion of 30-year government bonds offered by the Treasury Department on Thursday, Treasury data showed.Their purchases, in percentage terms, at the latest 30-year bond auction made up 71.49 percent, resulting in a yield of 2.867 percent, the highest yield at a 30-year au...Read More
LONDON, Jan 11 (Reuters) - The Baltic Exchange is looking into launching a freight index for liquefied natural gas (LNG) and is working with leading ship brokers to explore potential shipping routes that might be used as the LNG market grows, the company said on Thursday.Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates,...Read More
For the second time already this year, Wall Street looks ahead to a holiday-shortened week. However, that's not to say it will be a quiet week, as earnings season begins to rev up. A handful of financial companies will step up to the plate, with the likes of American Express (AXP), Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) headlining the bunch. Dow members IBM (IBM) and Un...Read More
* Union demands 6 pct higher pay, right to shorter hours* Employers reject demand for right to reduced hours* Regional talks in Baden-Wuerttemberg due on Thursday* Union IG Metall has threatened 24-hour strikes* Germany is Europe's economic powerhouse (Adds comments after talks, opinion poll)By Ilona WissenbachBOEBLINGEN, Germany, Jan 11 (Reuters) - German labour bosses and industrial employers ag...Read More
Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in To...Read More
Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering led by Goldman Sachs Group Inc and JPMorgan Chase & Co , Bloomberg reported, citing people familiar with the matter.Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first half of 2018, the report said.The company, valued at a...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Recasts, adds closing prices, details)By Maytaal AngelLONDON, Jan 11 (Reuters) - Nickel fell on Thursday as traders took profits after pushing the metal to its highest level in 2-1/2 years in the previous session, while zinc headed towards its highest in more than a decade amid a supply crunch. Four nickel mines in the Philippines, a key nickel export...Read More
SunPower Corporation (NASDAQ:SPWR) is up 9.6% to trade at $9.31, on track to finish about the $9 level for the first time since Dec. 22. Earlier in the week, however, the solar stock pulled back to within one standard deviation of its 40-day moving average. This SPWR pullback may have marked a buying opportunity,as the trendline has historically had bullish implications.According to Schaeffer's...Read More
U.S. stock indexes are bouncing back in a big way after a rare setback on Wednesday. The Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) have both hit record peaks, and the S&P 500 Index (SPX) is within striking distance of a fresh high, as well. The energy sector is a major reason for today's gains, with oil stock Chevron (CVX) providing the biggest boost to the Dow, as February c...Read More
By JanWolfeJan 11 (Reuters) - Tivo Corp has again accused cable operator Comcast Corp of using its patented interactive programming technology without authorization, the latest salvo in the companies' long-running royalty dispute.Tivo filed lawsuits in Boston and Los Angeles on Wednesday, saying Comcast's X1 video recording system infringed on patents describing functionality like pausing and resu...Read More
China may slow down its U.S. debt buying. Will gold rally or plunge, then?Dragons love hoarding gold and not onlyDragons love gold. In Greek mythology, dragons were set by the gods to guard golden treasures. It makes perfect sense, since it would be rather difficult to find better guards. Everybody who watched The Hobbit series knows that this is true - the powerful Smaug hoarded a lot and was rea...Read More
(Adds offer closing date, market value)LAGOS, Jan 11 (Reuters) - Flour Mills of Nigeria plans to start marketing a share sale to existing investors aimed at raising 39.86 billion naira ($130 million) on Jan. 15, the bourse said on Thursday, after granting approval.The flour and pasta maker will offer 1.47 billion shares at 27 naira apiece, an 18.2 percent discount to Thursday's market price of 33...Read More
(Refiles Jan 10 story to say in paragraph 9 that Tradeweb is majority-owned by Thomson Reuters, not owned by Thomson Reuters)By Abhinav RamnarayanLONDON, Jan 10 (Reuters) - Bonds and interest rate swaps trading on Tradeweb's multi-dealer platform have surged in early January as investors flock to electronic platforms to meet new, stricter regulations.In the first five days of trading under the se...Read More
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") herein provides preliminary fourth quarter and full year production results for 2017. The Company is also pleased to report on construction activities at its Cerro Moro project in Argentina.Fourth quarter and 2017 operational highlightsStrong production momentum continued into the fourth quarter and for the full year 2017. Preliminar...Read More