Platinum's lesser-known cousin keeps going from strength to strength.Palladium, once considered an unattractive byproduct of platinum mining until the rise of catalytic converters in the 1970s, is hitting new records. Spot metal peaked at an all-time high $1,344.41 a troy ounce Wednesday. Over the past month, it's been more costly than gold, which hasn't happened since 2002. From a point a decade...Read More
* China premiums rise slightly to $6-$9 an ounce* Indian demand expected to rise in wedding season* Singapore and Hong Kong premiums mostly unchanged* Spot gold on track for fourth straight weekly gainBENGALURU/MUMBAI - Physical gold premiums rose in China this week as investment demand firmed on worries over global growth and a softening dollar, though Indian buyers remained on the sidelines ahea...Read More
Meanwhile, Cowen likes Domino's for 2019Yum! Brands, Inc. (NYSE:YUM) is trading down 1.6% at $90.30 after Goldman Sachs downgraded the stock to "sell" from "neutral," and lowered its price target to $76 from $83. The firm said it prefers names like Texas Roadhouse (TXRH) and McDonald's (MCD) from the restaurant space, and also questioned the strength of the company's Pizza Hut and Taco Bell busine...Read More
J.P. Morgan Securities cut its rating on WTW stockto "neutral" The shares of Weight Watchers International, Inc. (NASDAQ:WTW) are down 7.2% at $32.58 in early trading -- and touched a new annual low of $32.32 out of the gate -- on a downgrade from J.P. Morgan Securities. The analyst nearly halved its price target to $37 from $70, and downshifted to "neutral" from "overweight." The analyst is "thro...Read More
The company is selling its chemistry technologies business to ADMHouston-based chemical company Flotek Industries Inc (NYSE:FTK) said it is selling its consumer and industrial chemistry technologies business, Florida Chemical Company, to Archer Daniels Midland (ADM) for $175 million -- more than double the company's market cap of 80.42 million at last night's close. As such, FTK shares have more t...Read More
* China's Tsingshan Group and partners including GEM Co Ltd on Friday announced the start of work on a $700 million battery chemicals project in Indonesia.* A GEM spokesman said piling work began on Friday, while a joint statement said construction would start "as soon as possible after obtaining relevant approvals".* A joint venture agreement on the project, situated in the Morowali Industrial Pa...Read More
Both companies and the fund managers that invest in them are under pressure to pay more attention to environmental, social and governance issues. For the former group, that requires delivering increased transparency on an ever-expanding range of metrics. For the investment crowd, tailoring strategies to address the new demands means increased spending on data - at a time when fees are slowly but s...Read More
Both companies and the fund managers that invest in them are under pressure to pay more attention to environmental, social and governance issues. For the former group, that requires delivering increased transparency on an ever-expanding range of metrics. For the investment crowd, tailoring strategies to address the new demands means increased spending on data - at a time when fees are slowly but s...Read More
Both companies and the fund managers that invest in them are under pressure to pay more attention to environmental, social and governance issues. For the former group, that requires delivering increased transparency on an ever-expanding range of metrics. For the investment crowd, tailoring strategies to address the new demands means increased spending on data - at a time when fees are slowly but s...Read More
CRBP is heading toward its third straight weekly gain of 10% or moreThe shares of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) are up 1% to trade at $7.86 today, after Canaccord Genuity raised its price target on the drugmaker to $38 from $36 while maintaining its "overweight" rating. The analyst in coverage is bullish on Corbus Pharmaceuticals' recent pact with Kaken Pharmaceutical to devel...Read More
Energy Resources of Australia (ERA) is reviewing "all funding options" to pay for the full closure and rehabilitating of its Ranger uranium mine, after studies showed the cost would be almost A$300 million (about $213m) higher than previous estimates.Delivering is fourth quarter results, the company said the rise in costs was largely due to expenditures associated with additional water treatment,...Read More
Energy Resources of Australia (ERA) is reviewing "all funding options" to pay for the full closure and rehabilitating of its Ranger uranium mine, after studies showed the cost would be almost A$300 million (about $213m) higher than previous estimates.Delivering is fourth quarter results, the company said the rise in costs was largely due to expenditures associated with additional water treatment,...Read More
Stocks will try to overcome pre-market losses for a second straight dayDow Jones Industrial Average (DJI) futures are trading below fair value, with stocks set to snap a five-day winning streak. Investors this morning are digesting the latest inflation data, with the consumer price index (CPI) for December matching expectations, dipping 0.1% for the month. But even if the pre-market losses hold, a...Read More
"We're seeing a bump [in filings], and in some provinces that bump is significant..." Read full newsRead More
Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has increased its stake in its Ity gold mine in Ivory Coast to 85% from 80% by buying shares in the operation from a local company owned by former soccer star.DYD International Holdings was founded by Didier Drogba, an ex Chelsea Football Club striker who also represented Ivory Coast's national team, received about one million shares in Endeavour...Read More
Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has increased its stake in its Ity gold mine in Ivory Coast to 85% from 80% by buying shares in the operation from a local company owned by former soccer star.DYD International Holdings was founded by Didier Drogba, an ex Chelsea Football Club striker who also represented Ivory Coast's national team, received about one million shares in Endeavour...Read More
Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has increased its stake in its Ity gold mine in Ivory Coast to 85% from 80% by buying shares in the operation from a local company owned by former soccer star.DYD International Holdings was founded by Didier Drogba, an ex Chelsea Football Club striker who also represented Ivory Coast's national team, received about one million shares in Endeavour...Read More
Orestone Mining (TSXV: ORS) is staking an additional Cu-Au porphyry target at its Captain property in north-central British Columbia, Canada.In a press release, the company revealed that the new Cu-Au porphyry target, called Max, is located 7 kilometres northwest of its main East Admiral Au-Cu porphyry target."The Max Extension claims cover 2,834 hectares and cover a phyllic altered felsic intrusi...Read More
• Dovish Fed expectations keep the USD bulls on the defensive and helped regain traction. • Bulls seemed rather unaffected by fresh US-China trade optimism/risk-on mood. • Market participants now eye US consumer inflation figures for some fresh impetus. Gold regained positive traction on the last trading day of the week and has...Read More
Orestone Mining (TSXV: ORS) is staking an additional Cu-Au porphyry target at its Captain property in north-central British Columbia, Canada.In a press release, the company revealed that the new Cu-Au porphyry target, called Max, is located 7 kilometres northwest of its main East Admiral Au-Cu porphyry target."The Max Extension claims cover 2,834 hectares and cover a phyllic altered felsic intrusi...Read More