Vancouver-based Regency Gold (NEX: RAU.H) announced it has entered into a definitive agreement with Vanadium North Resources to acquire all of its issued and outstanding common shares, the main interest behind the buyout being the Valley of Vanadium project in the Northwest Territories.In a press release, the companies said that Vanadium North holds an option to acquire 100% of the Valley of Vanad...Read More
The "Call of Duty" stock has struggled on the charts since OctoberShares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 6.5% at $44.39 this morning, after the company reported fourth-quarter earnings and announced plans to cut up to 8% of its workforce -- confirming layoff rumors from earlier this week. The "Call of Duty" maker also unveiled a new buyback program of up to $1.5 billion, and iss...Read More
BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico, including additional oil in the Atlantis field. BP said the total cost of developing...Read More
South Africa's biggest labor group staged a nationwide protest against job losses Wednesday, the latest setback for an economy reeling from four days of rolling power cuts. The rand fell the most against the dollar among major currencies.The double blow comes at a terrible time for President Cyril Ramaphosa, who is gearing up to contest elections in May, is seeking to lure $100 billion in new inve...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Exelixis reported fourth-quarter earnings and revenue that exceeded analyst expectationsThe shares of Exelixis Inc. (NASDAQ:EXEL) shot higher out of the gate this morning, but were last seen down 0.7% at $21.53, even though the company reported fourth-quarter earnings and revenue that beat analysts' forecasts. The biopharmaceutical company cited strong sales of its cancer drug Cabometyx for the be...Read More
SNC-Lavalin Group Inc. bonds dropped after S&P Global Ratings cut the company's credit rating to the cusp of junk, the latest blow for the Canadian engineering firm at the center of a controversy that's ensnared Prime Minister Justin Trudeau.Risk premiums for the company's bonds due 2023, or the extra yield they pay compared with Canadian benchmark government securities, were quoted at more than 2...Read More
SNC-Lavalin Group Inc. bonds dropped after S&P Global Ratings cut the company's credit rating to the cusp of junk, the latest blow for the Canadian engineering firm at the center of a controversy that's ensnared Prime Minister Justin Trudeau.Risk premiums for the company's bonds due 2023, or the extra yield they pay compared with Canadian benchmark government securities, were quoted at more than 2...Read More
Brazil's government intends to make the mining giant Vale "private again" by selling its shares and pushing out quasi-state pension funds, a senior official said. Shares rose."Vale is a state company. Pension funds controlled by the government control Vale," Privatization Secretary Salim Mattar said on Wednesday at an event in Brasilia. "We're here to reprivatize Vale." "Vale is a state company....Read More
The drugmaker cited generic competition for CopaxoneThe shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) have plunged 10% out of the gate to trade at $17.17, after the generic drugmaker reported a fourth-quarter adjusted profit miss of 53 cents per share. And while revenue of $4.6 billion was slightly more than expected, the figure was 16% lower year-over-year due to increased generic comp...Read More
* Flooding likely to disrupt rail for at least a month -analyst* Glencore's Mt Isa zinc, lead transportation affected* Around 40 percent of Australia's zinc exported from TownsvilleFloods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday.T...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
* Palladium market had 29,000 oz shortfall in 2018* Platinum market surplus was 498,000 oz last year (Adds detail)A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday.The company, a leading autocatalyst manufacturer, said the shortfall in the r...Read More
Chinese President Xi Jinping will reportedly meet with U.S. delegates this FridayDow Jones Industrial Average (DJI) futures are trading more than 100 points above fair value this morning, with traders optimistic about U.S.-China trade talks. Specifically, a report from The South China Morning Post said that a meeting between Chinese President Xi Jinping and U.S. delegates is scheduled for Friday....Read More
The stock is pacing for a roughly 15-year highThe shares of programmable device maker Lattice Semiconductor Corp (NASDAQ:LSCC) had already been barreling higher since hovering around $5.50 from late October to early November, closing Tuesday at $8.18, suffering just one negative week since Christmas. Now, LSCC stock is set to open near 15-year-high territory.Specifically, the security is trading u...Read More
"Good morning from #Germany, where inflation expectations have collapsed. 10y inflation expectations measured by inflation linked bonds have dropped to 0.94%, lowest since 2016 and way below #ECB's inflation goal of near 2%."Read full newsRead More
Petrol and diesel vehicles cost more over four years in UK and four other European nationsRead full newsRead More
Colombia's coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019.The Andean nation is the world's fifth-largest exporter of coal. Fitch Solutions reduced its Colombian coal production growth forecast from 4.5 percent to 0 percent in January due to price declinesOverall Colombia producti...Read More