LJUBLJANA, Jan 15 (Reuters) - Slovenian tax inflows reached 15.5 billion euros ($19 billion) in 2017 compared with 14.6 billion a year before according to preliminary figures, Slovenia's Financial Administration, in charge of tax collection, said on Monday.The collected taxes on companies' income rose by 27.8 percent while the collected value-added-tax was 6.8 percent higher, the administration sa...Read More
(Adds comments on Brexit)By David MillikenLONDON, Jan 15 (Reuters) - The Bank of England probably has "ample time" before it needs to consider raising interest rates again after its first hike in more than a decade in November, BoE policymaker Silvana Tenreyro said on Monday.Tenreyro said she felt comfortable at last month's rate-setting meeting to keep on monitoring the impact of the 2...Read More
By Jonathan Stempel and Matt ScuffhamNEW YORK/TORONTO, Jan 15 (Reuters) - Nine large banks, including six from Canada, have been accused in a lawsuit of conspiring to rig a Canadian rate benchmark to improve profits from derivatives trading.The complaint, filed by a Colorado pension fund in U.S. District Court in Manhattan late on Friday, accused Royal Bank of Canada , Toronto-Dominion Bank , Bank...Read More
LONDON, Jan 15 (Reuters) - Wage growth alone is too crude a gauge to judge when the Bank of England should next raise interest rates, and instead the central bank needs to consider productivity trends and other factors, BoE policymaker Silvana Tenreyro said on Monday.Tenreyro, speaking after a lecture at Queen Mary University of London, also said there were "huge" problems measuring the...Read More
BUCHAREST, Jan 15 (Reuters) - Romania's Prime Minister Mihai Tudose resigned on Monday, after his ruling Social Democrat Party (PSD) leaders withdrew political backing for him in an overwhelming vote, the second premier to be ousted by his party in less than seven months."The vote was overwhelming, to dismiss Prime Minister Tudose," one member of the PSD's leadership told Reuters by tele...Read More
(Kitco News)- McEwen mining saw total gold and silver production growby 4.7% in 2017, a year described by CEO Rob McEwen as one of growth andacquisition.Image courtsey of McEwening Mining: Black Fox MineMonday, in its fourth-quarter and full year production report,McEwen Mining (NYSE: MUX, TSX: MUX) said it produced 109,947 ounces of gold in 2017, in line withcompany guidelines and up from 101,481...Read More
(Corrects typo in "scheduling" in paragraph 6)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...Read More
Susan TaylorTORONTO, Jan 15 (Reuters) - RNC Minerals is in talks with commodity traders, mine operators and financiers to help secure $1 billion to build the world’s biggest nickel and cobalt project next year, the Canadian miner said.A global battery boom, driven by growing demand for electric cars, is pushing prices higher for such key ingredients as nickel and cobalt and encouraging miner...Read More
Philip Blenkinsop, Noah BarkinBRUSSELS (Reuters) - The European Union’s trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU’s message to the U.S. president will be.America is shooting itself in the foot by withdrawing from global leadership on trade, Cecilia Malmstrom, the 49-year-old Swede who has...Read More
David LjunggrenVANCOUVER (Reuters) - Foreign ministers from around 20 nations gather on Tuesday to discuss how to curb North Korea’s nuclear ambitions through diplomatic and financial pressure, but China, seen as a key player in any long-term solution, will be absent.The Vancouver meeting, co-hosted by Canada and the United States, comes amid signs that tensions on the peninsula have eased,...Read More
The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver right behind. The greatest traders say the move comes first and then the reason later. When it comes to Gold we are always analyzing the reason behind the moves so we can distinguish between reac...Read More
PARIS, Jan 15 (Reuters) - The Bank of France said on Monday it already held some currency reserves in yuan, hours after the German central bank said it was looking to move some of its reserves into the Chinese currency."Currency reserves remain in their vast majority invested in U.S. dollar, with a diversification towards a limited number of international currencies such as the Chinese renmin...Read More
LONDON, Jan 15 (Reuters) - The Bank of England probably has "ample time" before it needs to consider raising interest rates again after its first rate hike in more than a decade in November, BoE policymaker Silvana Tenreyro said on Monday.Tenreyro said in a speech that she felt comfortable at last month's rate-setting meeting to keep on monitoring the impact of the 25 basis-point increas...Read More
(Bloomberg) - Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlook for demand. Palladium rallied to a new record as all precious metals climbed.Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange. Al...Read More
BUENOS AIRES, Jan 15 (Reuters) - Argentina will allow short-selling in its capital markets, according to a resolution published by the securities regulator in the country's official gazette on Monday, part of PresidentMauricio Macri's efforts to open the country to investment."Short-selling, in normal market conditions, plays an important role in ensuring financial markets function correctly,...Read More
SAO PAULO, Jan 15 (Reuters) - Brazilian digital bank Intermedium SA has hired banks for an initial public offering that should take place in the second quarter of the year, one source with knowledge of the matter said on Monday.Intermedium, known as Inter, hired the investment banking units of Banco Bradesco SA SA>, Morgan Stanley , Citigroup Inc and Banco do Brasil SA as advisers in the transa...Read More
LAGOS, Jan 15 (Reuters) - Nigeria's central bank said on Monday that it had injected $210 million into the interbank foreign exchange market as part of its attempt to boost liquidity and alleviate dollar shortages.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses, and $55 million for certain dollar expenses such as school...Read More
(Kitco News) - The U.S. Dollar Index plunged to three-year lows Monday, giving a boost to the precious metals sector, but some analysts warn that the weakness could be short-lived.The Dollar Index was last at 90.43, down 0.52% on the day, marking the weakest level since January 2015, according to Kitco.com.Analysts are keeping a close eye on the possibility of the U.S. government shutdown this wee...Read More
JOHANNESBURG, Jan 15 (Reuters) - Acacia Mining said on Monday said fourth-quarter production fell by a third on the previous year due to a ban on exports of gold and copper concentrates in Tanzania.The London-listed miner said production in the three months to December fell 30 percent to 148,477 ounces compared with a year ago and 22 percent from the previous quarter. This brought 2017 gold to 767...Read More
(Adds data, comments, table)JERUSALEM, Jan 15 (Reuters) - Israel's year-on-year inflation rate rose for the fourth straight month in December, to 0.4 percent, data from the Central Bureau of Statistics showed on Monday.The consumer price index had risen 0.3 percent increase in November. Analysts polled by Reuters had predicted the same rise for December.Inflation for 2017 as a whole was also 0.4 p...Read More