ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras accepted the resignation of Foreign Minister Nikos Kotzias on Wednesday and will himself take over the foreign affairs portfolio, Tsipras's office said.Earlier, Greek media reported that Kotzias had clashed with Defence Minister Panos Kammenos over a deal that aims to end a decades-old name dispute with neighboring Macedonia.Kotzias was Athens...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More
LONDON (Reuters) - A recovery by global stocks proved short-lived as warnings over a slowing European auto sector soured an upbeat mood, while Wall Street was set for a slightly lower open after enjoying its best session in eight months the previous day.European stocks, having hit a one-week high in early trade, were back in the red by 1200 GMT, pulled lower by a 1.6 percent fall in an index of au...Read More
(Reuters) - U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels in more than seven years, the Mortgage Bankers Association said on Wednesday.Loan applications for home refinancing tumbled to their lowest level since late 2000, while mortgage requests to buy a home dropped to their weakest level in 20 months, MB...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More
The security has pulled back since touching a record peak on Oct. 1Shares of Abbott Laboratories (NYSE:ABT) are taking a hit in early trading, last seen down 1.7% at $69.74, following the company's third-quarter earnings report. Per-share earnings were in line with estimates, but the healthcare concern cut the top end of its adjusted full-yearforecast. From a longer-term perspective, ABT stock ha...Read More
Oct 17 - Gold and silver miner Hochschild Mining Plc on Wednesday raised its annual output target and forecast lower mining costs, as its Inmaculada mine in Peru produced higher grade ore.The company, which operates three mines in southern Peru and one in southern Argentina, raised its full-year production target to 520,000 gold equivalent ounces from 514,000 gold equivalent ounces.Hochschild also...Read More
MADRID, Oct 17 (Reuters) - Alcoa said on Wednesday it would close two of its three aluminium plants in Spain with a combined annual production of 180,000 metric tonnes, resulting in the lay off of almost 700 workers.The U.S. company said it was starting a consultation process with workers' representatives and was committed to negotiating a social plan with unions.Negotiations begin on Oct. 31 and...Read More
WASHINGTON (Reuters) - A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve.The decision by the Financial Stability Oversight Council could cut regulatory costs at Prudential, which no longer will have to meet enhanced capital and liquidity st...Read More
(Reuters) - Shares of Netflix Inc (NFLX.O) soared 11 percent before the bell on Wednesday, after the company put fears of a slowdown in growth to bed by racking up seven million new subscribers between July and September.The video streaming pioneer shocked Wall Street last quarter by falling short of new subscriber estimates, but Tuesday’s figures put its total customer base at 137 million w...Read More
ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in which it previously held stakes, in order to make its acquisition offer valid for Essar Steel, another debt-ridden Indian steel firm.ArcelorMittal will clear overdue debt of steel firm Uttam Galva Steels and oil and gas pipeline construction services provider KSS Petron, two...Read More
WASHINGTON, (Reuters) - U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.Housing starts fell 5.3 percent to a seasonally adjusted annual rate of 1.201 million units last month, the Commerce Department said on Wednesday. Data for August was revised down to show starts rising...Read More
ROKU has found support near its 80-day moving averageThe shares of Roku Inc (NASDAQ:ROKU) are up 3% ahead of the bell, after a ban on its devices in Mexico was lifted. The ban resulted from a copyright dispute due to hackers and pirated content. The streaming stock is also likely enjoying a halo lift from Netflix (NFLX), following the sector peer's upbeat earnings report. On the charts, Roku sto...Read More
Holdings of gold by exchange-traded funds has now risen for six days ina arrow, the longest run in nearly six months, says commodities brokerage SPAngel. The ETFs track the price of the commodity but trade like a stock, withmetal put into storage to back the shares. ETF holdings climbed to 2,107.2 tonnes on Tuesday, the mostsince Sept. 10, analysts report, citing data compiled by Bloomberg. &ldquo...Read More
Netflix shares are surging in pre-market tradingU.S. stock futures are pointing toward a mixed open this morning. The Dow Jones Industrial Average (DJIA) looks set for a meaningful pullback after yesterday's massive rally, with Dow component IBM (IBM) down pre-market after earnings. On the other hand, Nasdaq-100 (NDX) futures are comfortably above fair value, thanks to impressive Netflix (NFLX) ea...Read More
ROME (Reuters) - Italy’s 2019 budget may be rejected by the European Commission and a credit rating downgrade is also possible, a senior government official said on Wednesday.“Let’s say that the premise is there” for the commission to start an infraction process over the budget, Stefano Buffagni, cabinet undersecretary for regional affairs, said in an interview with Radio C...Read More
There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public.“My biggest threat is the Fed,” he said, according to excerpts released before the interview with “Trish Regan Primetime”...Read More