MOSCOW (Reuters) - Karen Karapetyan, Armenia's first deputy prime minister, will become acting prime minister after incumbent Serzh Sarksyan said earlier on Monday he would resign, the RIA news agency cited the government press service as saying.Karapetyan, an ally of Sarksyan's, previously served as prime minister from September 2016 to April 2018.Reporting by Polina Ivanova; Writing by Polina Ni...Read More
(Reuters) - U.S. stocks were little changed on Monday, with gains in industrial and healthcare stocks offseting the impact from falling oil prices, as investors kept an eye on rising U.S. bond yields.The yield on 10-year U.S. Treasuries US10YT=RJR, the benchmark for global borrowing costs, hit 2.998 percent, its highest since January 2014. The U.S. five-year inflation swap, a key market gauge of l...Read More
* U.S. could give Rusal sanctions relief if Deripaska cedescontrol* Treasury yields near 3 pct rattle stocks, boost dollar (Recasts, updates prices, adds details)By Maytaal AngelLONDON, April 23 (Reuters) - Palladium sank 5 percent onMonday amid U.S. hints it might relieve sanctions on Russia'sRusal , while gold hit a two-week low as investorspiled into the dollar with U.S. Treasury yields approac...Read More
Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it its Democratic Republic of the Congo mine to achieve full production guidance this year, following the commissioning of its underground operation's automated material handling system.The company, which has five operating gold mines across west and central Africa, said Kibali is expected to generate 730,000 ounces of gold th...Read More
Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it its Democratic Republic of the Congo mine to achieve full production guidance this year, following the commissioning of its underground operation's automated material handling system.The company, which has five operating gold mines across west and central Africa, said Kibali is expected to generate 730,000 ounces of gold th...Read More
Goldman Sachs added the Dow stock to its "Americas Conviction List"A number of Dow stocks are getting upgraded this morning, including Merck & Co., Inc. (NYSE:MRK). Specifically, Goldman Sachs lifted its rating on MRK to "buy" from "neutral," and added the pharmaceutical name to its "Americas Conviction List." The brokerage firm waxed optimistic about Merck's lung cancer drug Keytruda, saying the...Read More
* U.S.-German bond yield spread hits widest in 29 years* Oil prices are squeezing investors out of government bonds* Easing North Korea tensions lessen safety bid for bonds* Treasury yields hove in on 3 pct, euro zone yields up 2-4 bps* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds background, updates prices)By Abhinav RamnarayanLONDON, April 23 (Reuters) - Investors sold euro zon...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold prices extended their losses slightly Monday after areport showing that March sales of previously owned U.S. homes rose by 1.1% toa seasonally adjusted and annualized pace of 5.6 million.Consensusexpectations compiled by various news organizations called for sales to bearound 5.51 million to 5.52 million. Febru...Read More
Doubts about the deal first emerged in late FebruaryAkorn, Inc. (NASDAQ:AKRX) stock is down 35% to trade at $12.79,and fresh off a new five-year low of $12.40. AKRX stock is among the worst on the Nasdaq so far today, after Germany's Fresenius pulled out of its planned $4.75 billion acquisition of Akorn, citing evidence of misconduct in reporting drug developments to the Food and Drug Administrat...Read More
LONDON (Reuters) - The U.S. dollar rallied to a seven-week high on Monday after a rise in the 10-year U.S. Treasury yield to within a whisker of the psychologically important 3-percent level prompted buying of the greenback, leaving the euro and yen sharply lower.Rising U.S. bond yields have not always fed through to a higher dollar in 2018 as U.S. political uncertainty and geopolitical tensions h...Read More
According to metals consultancy GFMS in its latest Silver Survey, silver has now been in supply deficit for five years in a row.World's Top 20 Silver mining nations tabulated.North American silver stock recommendations.Followers of silver will no doubt have noticed that on Wednesday (18th April) the Gold:Silver Ratio (GSR) came down below 80 and at the time of writing was positioned at around...Read More
FRANKFURT/WASHINGTON (Reuters) - The European Central Bank is considering shelving planned rules that would have forced bank to set aside more money against their stock of unpaid loans, after suffering a political backlash.The guidelines, which were expected by March, had been presented as a key plank of the ECB’s plan to bring down a 759 billion euro ($930 billion) pile of soured credit wei...Read More
Bullish buzz has been building around VZ stock in recent weeksAs the telecom company prepares to report earnings before the open tomorrow, Tuesday, April 24, Verizon Communications Inc. (NYSE:VZ) just received its second analyst upgrade in the past month. Barclays this morning lifted its outlook on VZ shares to "overweight" from "equal weight" and set a $56 price target, suggesting unwarranted con...Read More
Caterpillar is expected to report its first-quarter earnings before the open tomorrowShares of heavy machinery maker Caterpillar Inc. (NYSE:CAT) are 1.5% higher in pre-market trading, after the stock received an upgrade from Citigroup to "buy" from "neutral." The brokerage firm said it expects upbeat earnings and construction growth in China to help the Dow stock outperform in the near term. Howev...Read More
LONDON (Reuters) - Oil prices were little changed at around $74 a barrel on Monday on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture for crude remained bullish.Brent crude futures were down 1 cent at $74.05 a barrel by 1145 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 11 cent...Read More
LONDON (Reuters) - Global equities slipped on Monday as U.S. bond yields approached the 3 percent level that has triggered market spasms in the past and investors awaited earnings results from some of the world’s biggest firms.Wall Street looked set to open flat to weaker, S&P500 futures indicated ESc1.Equity markets which have risen for the past two weeks, have come under pressure as oi...Read More
(Reuters) - Netflix Inc said on Monday it planned to raise $1.5 billion in debt, the second time the company is tapping the debt market in less than a year to fuel a rapid expansion in original content.The video streaming pioneer, which raised $1.6 billion in debt last October, has been spending aggressively on original content to drive subscriber growth around the world.Netflix crushed Wall Stree...Read More
WASHINGTON (Reuters) - The United States on Monday opened the door to sanctions relief for Russian aluminum producer United Company Rusal Plc, saying it was considering a company bid to avoid U.S. sanctions and would weigh the impact on American allies and partners.The news sent shares in Rusal, one of the world’s largest aluminum companies, up more than 13 percent.In a statement, the U.S. T...Read More
WASHINGTON/SEOUL (Reuters) - In declaring a unilateral freeze in missile testing, North Korea appears ready to settle for now with an imperfect nuclear arms capability, one good enough to stoke fear in the United States but which can’t promise to strike U.S. targets reliably, experts say.North Korea said on Saturday it no longer needed to conduct nuclear or intercontinental ballistic missile...Read More
The 10-year yield is trading near the key 3% levelDow Jones Industrial Average (DJI) futures are signaling a modestly higher start, as traders keep a cautious eye on the 10-year Treasury yield, which rose as high as 2.995% earlier. The U.S. dollar is also on the rise, pressuring June-dated crude futures down 1.4% to $67.42 per barrel following last week's big gains. And ahead of a busy week of cor...Read More