By Nichola SaminatherTORONTO, Jan 31 (Reuters) - Canada's main stock index fell on Wednesday, surrendering earlier gains, with energy companies among the biggest decliners. The Toronto Stock Exchange's S&P/TSX composite index was down 37.36 points, or 0.2 percent, at 15,918.15 at 1142 EST (1642 GMT). It earlier rose as much as 0.15 percent. (Reporting By Nichola Saminather; Editing by David Gr...Read More
MOSCOW, Jan 31 (Reuters) - A Russian court has frozen 38.1 percent of the ordinary shares of Vozrozhdenie Bank as part of legal claim by Promsvyazbank, TASS news agency reported on Wednesday, citing court documents.(Reporting by Jack Stubbs; Editing by Susan Fenton) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author ha...Read More
* Dollar set for biggest monthly decline since March 2016* Traders await end of Federal Reserve meeting* Euro strengthens after inflation data (New throughout; updates to U.S. market open, changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Jan 31 (Reuters) - The U.S. dollar was lower on Wednesday ahead of a Federal Reserve policy announcement that was widely expected to leave...Read More
(Kitco News)- The gold market can attribute about half of its gainsfrom a weaker U.S. dollar, a trend that might be unsustainable through 2018according to one British research firm.In a report, Wednesday, Simona Gambarini, commoditieseconomist at Capital Economics said that the recent gains in gold could bereversed as the U.S. dollar finds new momentum from rising interest rates.April gold futures...Read More
(Adds detail on appointment)LONDON, Jan 31 (Reuters) - Britain's finance ministry appointed a woman for the first time as its next chief economist at a time when lawmakers want to increase the number of women appointed to senior economic policy roles.Clare Lombardelli is currently in charge of helping finance minister Philip Hammond draw up his annual budget. She joined the finance ministry in 20...Read More
BUENOS AIRES, Jan 31 (Reuters) - Shares of Argentine gas distributor Metrogas rose 6.72 percent on Wednesday on the Buenos Aires stock exchange ahead ofan increase in natural gas rates forecasted by the government.Argentine utility rates have been on the rise since President Mauricio Macri look office in 2015. He was elected on promises of attracting investment in part by lowering home heating and...Read More
(Refiles to fix typographical error in headline)By Gertrude Chavez-DreyfussNEW YORK, Jan 31 (Reuters) - Online employment company Job.com plans to raise between $30 million and $50 million in a token offering this spring to finance a new blockchain-based platform, the company's co-founder Arran Stewart told Reuters.The new platform will be launched after the token offering, Stewart told Reuters i...Read More
By Claire RuckinLONDON, Jan 31 (Reuters) - Banks have given up some fees on a 310m leveraged loan financing backing UK flower and vegetable supplier Flamingo's merger with rose producer Afriflora, banking sources said. Credit Suisse, Investec and Jefferies are leading the financing that comprises a 280m seven-year term loan B and a 30m six-year revolving credit facility.The deal was altered signif...Read More
* Boeing jumps 6.2 pct after reporting higher core profit* ADP Jan payroll up 234,000 vs 185,000 expected* Fed statement awaited at 2 p.m. ET* Indexes up: Dow 0.60 pct, S&P 0.26 pct, Nasdaq 0.42 pct (Adds details, changes comment, updates prices)By Tanya AgrawalJan 31 (Reuters) - U.S. stocks rose in late morning trading on Wednesday, with the Dow climbing more than 200 points after two days of...Read More
Mr. Robert Willis reportsSAN MARCO ANNOUNCES EXECUTIVE APPOINTMENT AND WARRANT EXERCISESan Marco Resources Inc. has appointed ChristianGrijalva as vice-president of San Marco and San Marco Resources, Mexico SA de CV. Previously, Mr. Grijalva was manager of projects for the company, overseeing all Mexico operations.Robert Willis, San Marco's chief executive officer, stated: "A significant part of b...Read More
MILAN, Jan 31 (Reuters) - Italy's Atlantia will consider all options regarding its bid on Abertis once a rival offer launched by Germany's Hochtief on the Spanish company is approved, the Italian group's chief executive said on Wednesday."We will consider every option about Abertis once the (Spanish) regulator approves Hochtief's bid over Abertis," Atlantia's CEO Giovanni Castellucci sai...Read More
Electronic Arts Inc. (NASDAQ:EA) is gapping higher today after the company's earnings release last night, while Advanced Micro Devices, Inc. (NASDAQ:AMD) is enjoying positive price action after earnings, as well. On the flip side, Juniper Networks, Inc. (NYSE:JNPR) is way lower following its quarterly report. We'll take a closer look at EA, AMD, and JNPR stocks below, as Wall Street reacts to the...Read More
Excluding a $1.74 per share boost from tax reform, Boeing Co (NYSE:BA) reported better-than-expected fourth-quarter profit of $3.06 per share, thanks to solid 737 deliveries. The company also gave strong full-year guidance, and forecast a record-setting year for aircraft deliveries.In reaction, BA stock hit a record high of $360.97 out of the gate, and was last seen trading up 6.2% at $358.67. Thi...Read More
TBILISI, Jan 31 (Reuters) - Georgia's economy expanded by 4.8 percent year-on-year in 2017, preliminary official data showed on Wednesday, up from 2.2 percent in 2016.Economic growth accelerated thanks to higher exports and remittances from abroad. The highest growth was registered in the processing industry, services and real estate operations.In December alone, gross domestic product grew by 4.7...Read More
(Kitco News) - Comexsilver warehouse stocks have hit their highest level in 23 years, yetindustrial demand for the metal remains strong, says Metals Focus.As of alate-Tuesday report, the consultancy said that CME Group Comex silver warehouse stocks stood at around 248 million ounces, their highest since late1994. They have risen from some 183 million ounces at the start of 2017.“This inturn...Read More
Despite staring at a second straight month in the red, some bullish analyst attention has Fitbit Inc (NYSE:FIT) stock higher this morning. Stifel upgraded the wearable tech name to "hold" from "sell," while cutting its price-target by 50 cents to $5.50. The analyst in coverage noted fourth-quarter earnings estimates appear achievable, despite concerns about durability of the fitness tracker devi...Read More
Apple supplier and semiconductor stock Broadcom Ltd (NASDAQ:AVGO) is surging this morning, after the company narrowed its fiscal first-quarter guidance. Though not tentatively slated to report until Feb. 27, AVGO said it now expects earnings of $5.10 per share -- versus the consensus estimate of $4.95 per share -- and revenue to range from $5.30 billion and $5.35 billion, with the low end in line...Read More
Mr. Rob Humphryson reportsNOVO BOOSTS EXPLORATION TEAM Novo Resources Corp. has appointed Kas De Luca to its team as senior exploration manager. With a career spanning more than 30 years, including extensive international experience with companies such as Dundee Precious Metals, Placer Dome, KCGM and Goldfields, Ms. De Luca joins the company most recently from Newcrest Mining Ltd., where she held...Read More
After two days of heavy selling, a big earnings beat for Boeing (BA) has Dow futures trading more than 200 points above fair value this morning. Adding to the positive momentum, ADP data showed private employers added a stronger-than-expected 234,000 jobs in December. Traders are also looking ahead to a 2 p.m. policy announcement from the Fed. No changes are expected in Janet Yellen's last meeting...Read More
Mr. Peter Voulgaris reportsVENDETTA REPORTS SHALLOW HIGH GRADE DRILLING RESULTS FROM SURFACE AT THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has released results from zone 1 drilling from the completed 2017 program at the Pegmont lead-zinc project in Queensland, Australia.Zone 1 sulphide highlights:PVRD104:7.1 metres of 11.02 per cent Pb plus Zn (7.10 per cent Pb, 3.93 per cent Zn);PVRD109:...Read More