HARARE, Jan 15 (Reuters) - Zimbabwe's consumer price inflation quickened to 3.46 percent year-on-year in December from 2.97 percent in November, data from the national statistics agency showed on Monday.On a month-on-month basis, prices rose by 0.53 percent in December after rising 0.74 percent previously, Zimstats said. (Reporting by MacDonald Dzirutwe; Editing by Alison Williams) Disclaimer: Th...Read More
KHARTOUM, Jan 15 (Reuters) - The Sudanese pound weakened on the black market on Monday amid a foreign currency shortage that has crippled the economy as Khartoum pursues reforms aimed at boosting growth. The pound traded at 34 to the U.S. dollar on Monday, down from about 30 last week, traders said. Sudan devalued its currency to 18 pounds per U.S. dollar from 6.7 previously earlier this month, ho...Read More
JERUSALEM, Jan 15 (Reuters) - Israel's year-on-year inflation rate rose for the fourth straight month in December, data from the Central Bureau of Statistics showed on Monday.The consumer price index showed prices gained 0.4 percent from a year earlier versus a 0.3 percent increase in November. Analysts polled by Reuters had predicted a 0.3 percent rise.Inflation for 2017 as a whole was also 0.4 p...Read More
By Emma Rumney, Ben Martin and Alasdair PalLONDON, Jan 15 (Reuters) - Leading British lenders including Barclays , the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion's collapse on Monday. Along with 10 other banks, they arranged a 790 million pound($1.1 billion) revolving credit facility for Caril...Read More
(Kitco News)- The gold market is taking full advantage of a quietholiday Monday by pushing to key resistance levels as the U.S. Dollar indexdrops to its lowest level in three years.While American equity markets are closed for MartinLuther King Jr. Day, futures continue to trade through electronic platforms.February gold futures were last at $1.341.30 an ounce, up 0.48% on the day, whichis slightly...Read More
LONDON, Jan 15 (Reuters) - The euro briefly extended gains and German benchmark bond yields hit the day's high after European Central Bank rate-setter Ardo Hansson said the central bank could end its bond purchase scheme in one go after September if the economy and inflation develop as expected.Minutes of the ECB's December meeting published on Thursday suggested growing appetite for revising the...Read More
* To raise about 100 mln euros in fresh capital* Owner to sell some shares* Targets free float of 25 pct* To be valued at 1.5-1.75 bln euros after IPO (Adds details on full IPO pipeline expected this year)FRANKFURT, Jan 15 (Reuters) - German drugmaker Dermapharm is preparing for an initial public offering (IPO), probably stealing a march on much larger Siemens' healthcare unit Healthineers as the...Read More
(Adds details on specific stocks, updates prices)* TSX up 47.11 points, or 0.29 percent, at 16,355.29* Eight of the TSX's 10 main groups move higher TORONTO, Jan 15 (Reuters) - Canada's main stock index rose in morning trade on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high.* At 10:20 a.m. EST (1520 GMT), t...Read More
VIENNA, Jan 15 (Reuters) - Czech-based lottery and gaming group Sazka Group, which is considering a stock market listing in London, has increased its stake in Casinos Austria, it said on Monday.Sazka, owned by Czech investors Karel Komarek's KKCG group and Jiri Smejc's EMMA Capital, got approval from Casinos Austria's shareholders to increase its stake to 34 percent from 11.3 percent after buying...Read More
FRANKFURT, Jan 15 (Reuters) - Any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community, a director at Germany's central bank said on Monday.National authorities across the globe, and particularly in Asia, have attempted to put the brakes on a global boom in the trading of Bitcoin and...Read More
By Claire RuckinLONDON, Jan 15 (Reuters) - UK petrol station operator EG Group is set to launch an approximate 3.5bn-equivalent leveraged loan to back acquisitions and refinance existing debt, banking sources said.Bank of America Merrill Lynch, Barclays and Goldman Sachs are leading the jumbo financing alongside Credit Suisse, Deutsche Bank, ING, Lloyds, Rabobank, RBC and UBS, the sources said.The...Read More
Monday, January 15th is Martin Luther King Jr. day and the U.S. equity markets are closed. However, most of the futures markets are open electronically and trading much higher. The DOW Futures are up huge, oil is flat, while the dollar is getting hammered.The big story is the continuation of the gold breakout. The last week’s rally finished well above the $1,330 resistance level and now look...Read More
CAIRO, Jan 15 (Reuters) - Average yields on Egypt's five- and 10-year treasury bonds fell at an auction on Monday, central bank data showed.The average yield on the five-year bond fell to 15.441 percent from 15.856 percent at the last similar auction. The average yield on the 10-year bond fell to 15.306 percent from 16.025 percent. (Reporting by Arwa Gaballa; Editing by Catherine Evans) Disclaime...Read More
(Kitco News)- A weaker U.S. dollar and ongoing weak inflation concernscontinue to prompt hedge funds into gold, pushing prices to their highestlevels since September.While gold futures saw its most substantial inflows sinceAugust last week, the U.S. dollar saw shorts increase to highest levels sinceAugust, according to Ole Hansen, head of commodity strategy at Saxo Bank. Headded that the U.S. doll...Read More
OSLO, Jan 15 (Reuters) - Norway's central bank has awarded 3 billion Norwegian crowns($379.67 million) in an F-deposit for Jan 15-18, with a highest rate of 0.49 percent, it said on Monday.Overall demand in the auction was for 16.84 billion crowns.Allocation at the highest rate was 60.42 percent, the central bank added.($1 = 7.9016 Norwegian crowns) (Reporting by Oslo newsroom) Disclaimer: The vi...Read More
* Euro extends gains after breaking through $1.22* Dollar pinned at three-year low against basket of currencies* Yen buoyed by BoJ comments on economic recovery* Graphic: World FX rates in 2017 By Tommy WilkesLONDON, Jan 15 (Reuters) - The euro climbed to a three-year high to the dollar on Monday, nearing the $1.23 line as investors ramped up bets in the backdrop of growing economic optimism in th...Read More
TORONTO, Jan 15 (Reuters) - Canada's main stock index moved higher in early trade on Monday, boosted by gold miners as bullion prices hit a four-month high and by heavy equipment company Finning International Inc , after CIBC raised its view on the stock.The Toronto Stock Exchange's S&P/TSX composite index was up 36.06 points, or 0.22 percent, at 16,344.24 shortly after the open. (Reporting by...Read More
BRUSSELS, Jan 15 (Reuters) - Belgium has cancelled its bond auction scheduled for January 22 in favour of a syndicated sale of a new 10-year benchmark, the country's debt agency said on Monday.The country will sell a bond expiring on June 22, 2018 in the near future, the debt agency added.It appointed BNP Paribas Fortis, Citi, NatWest Markets and SG CIB as joint book runners. (Reporting by Robert-...Read More
(Adds detail, comment from report)OTTAWA, Jan 15 (Reuters) - Resales of Canadian homes rose 4.5 percent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday.The industry group said actual sales, not seasonally adjusted, rose 4.1 percent from Dec...Read More
(Kitco News) - As gold prices continue to make their way higher this week, the yellow metal could test its “ultimate target for bulls,” which is currently set at $1,357 — September’s high, says MKS PAMP trader Sam Laughlin. “We are likely to see further short squeezes over the near-term as the metal edges toward USD $1,350 and above this the September 2017 high around...Read More