BERLIN, Feb 13 (Reuters) - A new German government will not change its policy regarding Britain's looming departure from the European Union, an official said after Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) reached a coalition deal last week.The conservatives and centre-left SPD have agreed they want to renew their 2013-2017 "grand coalition". The SPD's 464,0...Read More
* LME/ShFE arb: * LME tin stocks down 67 percent since Feb last year* Traders watching large holding of LME tin warrants (Adds closing prices)By Pratima DesaiLONDON, Feb 13 (Reuters) - Tin prices rose towards recent one-year peaks on Tuesday, boosted by worries about tighter supplies after data showed falling exports from Indonesia and a weaker dollar, which lifted all base metals on the London Me...Read More
(Bloomberg) - Robert Mugabe's fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner - and former England cricketer - Phil Edmonds.Groves is preparing to relist the pair's Zimbabwe coal, chrome and gold assets in London through the reverse takeover of a cash shell, or dormant company. He sees the ascent to the...Read More
LONDON, Feb 13 (Reuters) - * British wheat exports slowed in December and are running well behind last season's pace, according to customs data.* Exports for the month totalled 24,566 tonnes, down from the prior month's 53,539 tonnes.* Cumulative exports for the season, which started on July 1, 2017, totalled 272,479 tonnes, sharply down from 1.07 million tonnes during the same period a year earli...Read More
NEW YORK, Feb 13 (Reuters) - The U.S. Treasury Department on Tuesday sold $50 billion of one-month debt at a lower interest rate following last week's federal budget agreement that included a suspension of the debt ceiling into March 2019.The Treasury sold the latest one-month bill issue at an interest rate of 1.360 percent, which was below the "high" rate of 1.480 percent at last week's...Read More
After two days of big stock market gains, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) have swung lower today -- though both were off their session lows at last check. The negative session comes as key Fed officials weigh in on interest rates ahead of tomorrow's highly anticipated inflation data. While Fed Chair Jerome Powell said the central bank "will remain alert to any develo...Read More
ULAANBAATAR, Feb 13 (Reuters) - Mongolia will not put a cap on immigration in 2018, authorities said on Tuesday, after lawmakers rejected new policy proposals that set to put tough restrictions on the numbers of foreign workers in the remote north Asian nation.Some members of Mongolia's parliament sought to limit the number of new resident permits granted to foreign or stateless people to 100 per...Read More
Argentina's national government is pressing ahead with its intentions to make of mining one of the pillars of job creation, and it's holding talks with the leaders of the three provinces that declined to sign a 2017 mining act, which harmonizes taxes and regulations in hopes of attracting investment.Mining secretary, Daniel Meil??n, told local paper El Diario that the government wants the leaders...Read More
* Indexes down: Dow 0.39 pct, S&P 0.33 pct, Nasdaq 0.09 pct* U.S. consumer prices and retail sales data due Wednesday* Market rout not impacting economic outlook - Fed's Mester* Under Armour climbs after posting upbeat revenue* AmerisourceBergen jumps on report of takeover approach (Changes comment, updates price, adds details)By Sruthi ShankarFeb 13 (Reuters) - Wall Street's main indexes fell...Read More
(Kitco News)- While theshine has come off Platinum Group Metals in the past month, some analystscontinue to see potential for the precious metals throughout the year.After astellar 2017, palladium has led the selloff in the PGM market, dropping morethan 13% from its all-time highs seen a month ago. March palladium futures lasttraded at $982.30 an ounce. At the same time, the spread has closed betw...Read More
By Kristen HaunssNEW YORK, Feb 13 (Reuters) - Wall Street firms are cheering a court ruling that will exempt Collateralized Loan Obligation (CLO) funds from complying with Dodd-Frank Act rules that require investment managers to hold some of their deals' risk.The US Court of Appeals for the District of Columbia Circuit ruled last Friday that CLO funds, the largest buyer of leveraged loans, will no...Read More
Online discount marketplace Groupon Inc (NASDAQ:GRPN) is set to report fourth-quarter earnings before the market opens this Wednesday, Feb. 14. Analysts, on average, are looking for a profit of 9 cents per share, up from 7 cents in the year-ago quarter -- but judging by widespread pessimism on Wall Street, quite a few bears are looking for GRPN to fall short of the consensus forecast.Bears Bet Aga...Read More
Shares of HCA Healthcare Inc (NYSE:HCA) hit a record high in late January, thanks to a positive reaction to the healthcare company's earnings report. This just mirrored the stock's recent technical tenacity, having broke out above a long-term flag pattern in December. More recently, the security has pulled back to its 2015 highs, making now an opportune time to join HCA on its next leg higher. A...Read More
(Kitco News)- The gold market is regaining some lost ground Tuesday,benefiting from a weaker U.S. dollar as markets continue to digest PresidentDonald Trump’s proposed budget for 2019.April gold futures last traded at $1,331 an ounce, up0.35% on the day. The gains come as the U.S. Dollar index has dropped below thecritical psychological level of 90 points. The USD Index last traded at 89.65p...Read More
By Gertrude Chavez-DreyfussNEW YORK, Feb 13 (Reuters) - U.S. long-dated Treasury yields slipped on Tuesday in quiet trading, tracking the decline in stocks ahead of a crucial U.S. inflation report on Wednesday that could shed more light on the pace of future interest rate increases by the Federal Reserve."We're seeing stocks trading lower and so perhaps the Treasury market is a little bit on...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE IDENTIFIES NUMEROUS NEW BASE METAL SOIL ANOMALIES AT JUAN DE HERRERA PROJECT, DOMINICAN REPUBLICPrecipitate Gold Corp. has released regionally compiled results of its near property-wide soil sampling program conducted on its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.The combination of previously collected soil sampling analyses with...Read More
(Kitco News) - Goldprices briefly slipped below unchanged levels inmid-morning U.S. dealings Tuesday. However, traders quickly stepped in to"buy the dip" in prices, to push gold back above unchanged and totrade modestly up on the day. A slumping U.S. dollar index early this week isworking in favor of the precious metals market bulls. Aprilgold was last up$3.70 an ounce at $1,330.10.By Ji...Read More
Gold is still making higher highs.It seems now to be bouncing out of a daily cycle low.The dollar has also topped. We could have a nice rally on our hands.The gold market (NYSE:GLD) remains a very difficult sector to trade. Gold has actually formed a daily swing low which could mean we have a daily cycle low on our hands. Why? Well the momentum oscillators have reached oversold territory and short...Read More
The S&P 500 Index (SPX) on Monday notched a gain of more than 1%, after rallying on Friday. It marked the index's first back-to-back gains of that magnitude since June 2016. The last time the SPX went at least a year without consecutive gains was in February 2014, four years ago, according to Schaeffer's Senior Quantitative Analyst Rocky White. Here's what that could mean for the stock market in t...Read More
GNC Holdings Inc (NYSE:GNC) stock is at the top of the New York Stock Exchange (NSYE) -- up 25.5% to trade at $5.26 -- afterthe health and wellness retailer announced a joint venture with Harbin Pharmaceutical to make and sell its products in China. The Chinese drumaker will also invest roughly $300 million in GNC, becoming its largest shareholder. The company also reported fourth-quarter earning...Read More