Oct 17 (Reuters) - Glencore Plc said its chairman Tony Hayward will no longer be attending the Future Investment Initiative conference in Saudi Arabia, confirming a report in the Financial Times.He is the latest top executive to pull out of next week's high profile conference, amid widespread concern about the fate of journalist Jamal Khashoggi.Khashoggi, a U.S. resident and Washington Post column...Read More
"BTU Acquires Two Strategic Properties Contiguous to Great Bear's Dixie Project, Red Lake District, Canada @BTUMetalsCorp https://t.co/WOIXdK6usJ"Read full newsRead More
Nordic Gold Corp. (TSXV:NOR) (Read full newsRead More
Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF) ("Signature" or the "Company") announces the extension of its previously-announced non-brokered private placement of non-flow-through units, flow-through shares, and flow-through units for aggregate gross proceeds of up to $1,500,000 (the "Offering") until November 15, 2018.Read full newsRead More
Options traders are expecting a bigger-than-normal post-earnings move from NUENucor Corporation (NYSE:NUE) reports earnings before the open tomorrow, Oct. 18, and the stock has been selling off ahead of the event. NUE shares were last seen down 0.6% at $58.62, setting them up for the lowest close of 2018. The equity fell through long-term support at the 320-day moving average earlier this month, a...Read More
BRUSSELS (Reuters) - The United States demanded rapid results on Wednesday from its trade talks with the European Union and complained that the bloc was stalling progress.“Our purpose in the meeting was to stress the need for speed and of getting to near-term deliverables, including both tariff relief and standards,” U.S. Commerce Secretary Wilbur Ross told a briefing in Brussels.&ldqu...Read More
LUSAKA, Oct 17 (Reuters) - Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday.Mwanakatwe told parliament that even with the proposed taxes, we are confident that mining companies will be able to meet their operational costs.Zambia plans to introduce new...Read More
LUSAKA, Oct 17 (Reuters) - Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday.Mwanakatwe told parliament that even with the proposed taxes, we are confident that mining companies will be able to meet their operational costs.Zambia plans to introduce new...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (Read full newsRead More
Pacton Gold Inc. (TSXV:PAC,OTC: PACXF, FSE: 2NKN) (theRead full newsRead More
(Kitco News) - The International Monetary Fund’s (IMF) economic report of higher risks and slower global economic growth, highlights gold’s relevance in investors’ portfolios, said the World Gold Council (WGC).“The IMF signaled in its 2018 Global Financial Stability Report, an increase in commonly used metrics of risk highlight the relevance of including gold in a portfolio...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our...Read More
WASHINGTON (Reuters) - The U.S. economy sits atop of the World Economic Forum’s annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said on Tuesday.In its closely-watched annual Global Competitiveness Report, the WEF said the U.S. is the country closest to the “frontier of comp...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our...Read More
WASHINGTON (Reuters) - President Donald Trump on Wednesday said he will ask every cabinet secretary for proposals to cut their budgets 5 percent.As a candidate in the 2016 presidential election, Trump pledged to slash government spending and regulation, and many fellow Republicans going into November congressional elections have picked up the theme in their own campaign promises.Reporting by Steve...Read More
(Kitco News) - Miners have to just wait out the cannabis frenzy until thebubble pops for investor capital to flow back into the metals space, thisaccording to mining executives and fund managers.Marijuana stocks are approaching pre-2001 Nasdaq levels ofovervaluation, and it's not a matter of "if," as much as it is amatter of "when" the cannabis space collapses on the same scale...Read More
(Kitco News) - Miners have to just wait out the cannabis frenzy until the bubble pops for investor capital to flow back into the metals space, this according to mining executives and fund managers.Marijuana stocks are approaching pre-2001 Nasdaq levels of overvaluation, and it's not a matter of "if," as much as it is a matter of "when" the cannabis space collapses on the same s...Read More
Netflix is bucking the broad-market downturn after upbeat earningsThe Dow Jones Industrial Average (DJI) is down at midday, pressured by lackluster IBM Corp (IBM) earnings. Investors are also warily eyeing housing starts for September, which fell by a larger-than-expected margin and put added pressure on newly downgraded blue-chip Home Depot (HD). The S&P 500 Index (SPX) and Nasdaq Composite (IXI...Read More
(Reuters) - U.S. stocks fell on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting.Shares of IBM dropped 6.3 percent after the company’s quarterly revenue fell more than expected, pointing to a bumpy recovery for the member of t...Read More
(Reuters) - Banks, including underwriters of SoftBank Group’s (9984.T) initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter.Reuters reported earlier this month that SoftBank had picked up five investment banks, including units of Nomura Holdings Inc (8604.T) and Goldm...Read More