MEXICO CITY (Reuters) - Canada and Mexico on Monday pushed back against President Donald Trump’s suggestion that steel and aluminum tariffs could be waived if they signed a new and“fair” NAFTA deal, setting the stage for a tense end to the latest talks to update the trade pact.The two U.S. trading partners have threatened retaliation unless they are exempted from the planned tari...Read More
The Dow Jones Industrial Average (DJI) was down more than 150 points at its session low, but has since erased these earlier losses at it looks to avoid a fifth straight drop -- which would mark its longest daily losing streak since last March. Traders have been spooked by concerns over a potential trade war, with recent tweets from President Donald Trump only adding to the uncertainty. However, b...Read More
WASHINGTON (Reuters) - U.S. services sector activity slowed modestly in February, held back by a sharp pull back in hiring, but a surge in new orders to a 12-1/2-year high pointed to underlying strength.The Institute for Supply Management (ISM) said on Monday its non-manufacturing activity index slipped 0.4 point to a reading of 59.5 last month. A reading above 50 indicates expansion in the sector...Read More
(Kitco News)- The mining and commodity sector is seeing investor sentimentpick up, but the focus is more on growing momentum in base metals with littleinterest in precious metals, according to the latest comments during the 2018Prospectors & Developers Association of Canada (PDAC) convention.While presentations were standing room only duringpresentations on commodities like zinc, copper and co...Read More
PARIS (Reuters) - French Foreign Minister Jean-Yves Le Drian said on Monday there remained“much work to do” with Iran over its ballistic missile programme and its role in regional conflicts.Le Drian said after a day of tough talks in Tehran that France would continue discussions with Iran, adding that it was imperative to find a way to bring stability to region.Le Drian was in Tehran o...Read More
(Reuters) - The Dow Jones Industrial Average fell for the fifth straight day on Monday as concerns about a global trade war following President Donald Trump’s threat to impose hefty tariffs kept investors on the edge.Trump on Monday appeared to suggest that Canada and Mexico could win exemptions to the planned sweeping tariffs on steel and aluminum if the two countries sign a new NAFTA trade...Read More
S&P Global Market Intelligence predicts that exploration efforts will continue to expand over the course of this yearGlobal spending on the search for nonferrous metals rose to an estimated US$8.4 billion in 2017, compared with US$7.3 billion in 2016, representing the first annual increase in exploration spending after four consecutive years of declining investment in this area, according to the W...Read More
HONG KONG (Reuters) - China may allow its offshore-listed tech giants to sell a form of shares on the mainland, people with knowledge of the plan said, in a move that would pit Shanghai and Shenzhen against Hong Kong in the battle to host the country’s tech giants.While China is home to some of the world’s biggest tech companies, most are listed offshore, including Alibaba Group Holdin...Read More
AMSTERDAM (Reuters) - The Dutch government said on Monday it would appoint Stef Blok as foreign minister, replacing Halbe Zijlstra, who resigned last month after admitting he had lied about a meeting with Russian President Vladimir Putin.Blok, who had intended to leave politics after serving as justice minister in the previous cabinet, is a member of Prime Minister Mark Rutte's governing VVD Party...Read More
(Reuters) - A U.S. national security panel on Sunday ordered Qualcomm Inc (QCOM.O) to put off its March 6 annual shareholder meeting by a month, delaying a long awaited showdown in the company’s attempt to fend off a takeover by Singapore-based Broadcom Ltd (AVGO.O).The order adds to signs that Broadcom’s promise to move its official base back to the United States before it completes t...Read More
VIENNA (Reuters) - A collapse of the Iran nuclear deal would be a“great loss”, the U.N. atomic watchdog’s chief warned U.S. President Donald Trump on Monday, giving a wide-ranging defense of the accord and his agency’s work under it.Trump has threatened to withdraw the United States from the accord between Tehran and six world powers, signed in 2015 before he took office, u...Read More
Mr. Josh Crumb reportsGOLDMONEY INC. ANNOUNCES NORMAL COURSE ISSUER BIDThe Toronto Stock Exchange has accepted Goldmoney Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation three million common shares of Goldmoney, representing 3.9 per cent of the issued and outstanding common shares as at March 2, 2018.As of March 2, 2018, Goldmoney had 76,779,427 common sha...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Mr. Eric Edwards reportsTRIMETALS MINING INC. CLOSES FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT, RAISING AN AGGREGATE OF $1,654,250 Trimetals Mining Inc. closed on March 2, 2018, the second and final tranche of its non-brokered private placement, raising gross proceeds of $442,500 from the sale of 2.95 million units priced at 15 cents per unit.In aggregate, the company sold 11,028,333 uni...Read More
BERLIN (Reuters) - Chancellor Angela Merkel said on Monday she would work with France to tackle pressing issues such as trade policy, the war in Syria and competition with China after the Social Democrats (SPD) approved joining a coalition with her conservatives.Merkel welcomed the vote by a clear majority of SPD members that ended more than five months of political deadlock after an inconclusive...Read More
(Kitco News)- Gold prices were largely unchanged following strong-than-expectedmomentum in the U.S. service sector, according to the latest data from theInstitute of Supply Management (ISM).Monday, the ISM said its Non-manufacturing PurchasingManagers Index showed a reading of 59.5% in February, down only slightly fromJanuary's reading of 59.9%. The drop was above expectations as consensusforecast...Read More
Kroger Co (NYSE:KR) stock isup 1.1% to trade at $27.66, after receiving a price-target hike from Deutsche Bank to $28 from $26. The upbeat analyst attention comes ahead of the company's fourth-quarter earnings report, due before the open on Thursday. After surging from an Oct. 2 three-year low of $19.70 to a Jan. 30 annual high of $31.45, Kroger stock pulled back along with the broader stock mar...Read More
LONDON (Reuters) - U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the United States, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday.A landmark deal in 2017 between OPEC and rivals including Russia to curb output to reduce global oversupply materially improved th...Read More
Shares of Clearside Biomedical Inc (NASDAQ:CLSD) are trading up 64.3% at $12.85 -- fresh off a 15-month high of $13.25, and on track for their biggest one-day gain ever. The drugmaker released positive topline data for its treatment on patients with macular edema associated with non-infectious uveitis, which is a build-up of fluid in the eye that negatively impacts vision.Heading into today's trad...Read More
Monster Beverage Corporation (NASDAQ:MNST) stock suffered a major pullback last week due to the company's poorly received fourth-quarter earnings results. The shares fell from $63.37 at the close on Wednesday to $54.16 by week's end, breaching the 200-day moving average for the first time in almost a year in the process. Deutsche Bank sees the weakness in MNST stock as a buying opportunity, howeve...Read More