PARIS (Reuters) - French prosecutors argued in a Paris court on Thursday for Swiss bank UBS AG (UBSG.S) to be fined 3.7 billion euros for helping wealthy French people evade taxes.After a seven-year investigation and aborted settlement negotiations, UBS faces accusations of laundering the proceeds of tax fraud and illegally soliciting clients in France.“Tax evasion is nothing more than theft...Read More

(This Nov. 7 story corrects paragraph 8 to read “Brian Nick, chief investment strategist for Nuveen in New York,” instead of “Nuveen Asset Management”)By Sin?(C)ad CarewNEW YORK (Reuters) - Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a div...Read More

WMT stock has historically done well during the holiday seasonEarnings season is in full swing, which is big for retail names because it runs right into the upcoming holiday season. Retail giant Walmart Inc (NYSE:WMT) is already putting in the work, announcing its earliest Black Friday opening in history. What's more, the company will report third-quarter earnings before the open next Thursday, No...Read More

(Kitco News) - The Bank of England (BoE) is reportedly refusing to release gold bars worth just over $550 million to President Nicolas Maduro, who fears that U.S. sanctions against Venezuela would restrict access to that gold in the future, according to media reports.Maduro is attempting to repatriate at least 14 tonnes of gold the BoE is currently storing, the British newspaper The Times and Reut...Read More

(Kitco News) - The Bank of England (BoE) is reportedly refusing to release gold bars worth just over $550 million to President Nicolas Maduro, who fears that U.S. sanctions against Venezuela would restrict access to that gold in the future, according to media reports.Maduro is attempting to repatriate at least 14 tonnes of gold the BoE is currently storing, the British newspaper The Times and Reut...Read More

The Fed isn't expected to raise rates this afternoonThe U.S. stock market is mixed ahead of this afternoon's policy update from the Fed, due at 2 p.m. ET. Although no action is anticipated this time around, Wall Street will be looking for hints of an expected December rate hike and the central bank's 2019 policy timeline. Oil prices are also in focus, with December-dated crude futures down 0.9% at...Read More

(Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Thursday it settled charges against Zachary Coburn, the founder of cryptocurrency token trading platform EtherDelta, over operating an unregistered securities exchange.EtherDelta users executed more than 3.6 million orders for ERC20 tokens over a period of 18 months, including tokens that are securities under the Federal Securit...Read More

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.The electric car, known as “MEB entry” is being readied for a production volume of 200,000 vehicles, while a mid s...Read More

One private company has been minting millionaires, and it's about to go public.Sensitive details about a potential new IPO have been "leaked" from this secure facility in Pittsburgh, PA...40 of the world's top researchers are working on a breakthrough that could be worth $15 TRILLION. So for anyone who missed out on Google, Facebook or even Alibaba - this is thebest chance to cash in right now....Read More

The first exploration program in over 25 years at Integra Resource Corp.'s (TSXV: ITR) DeLamar project in southern Idaho is turning up some high-grade results.The company is drilling more than 20,000 metres this year at the project's DeLamar and Florida Mountain gold and silver deposits, which sit about 5 km apart in the historic Oowyhee County mining district about 80 km south of Boise, the stat...Read More

The first exploration program in over 25 years at Integra Resource Corp.'s (TSXV: ITR) DeLamar project in southern Idaho is turning up some high-grade results.The company is drilling more than 20,000 metres this year at the project's DeLamar and Florida Mountain gold and silver deposits, which sit about 5 km apart in the historic Oowyhee County mining district about 80 km south of Boise, the stat...Read More

BEIJING (Reuters) - China wants to resolve problems with the United States through talks but it must respect China’s choice of development path and interests, President Xi Jinping said on Thursday ahead of a meeting with the U.S. leader in Argentina.China and the United States have put tariffs on hundreds of billions of dollars of each other’s goods and U.S. President Donald Trump has...Read More

WASHINGTON (Reuters) - President Donald Trump forced out his attorney general on Wednesday and threatened to fight back if Democrats use their new majority in the U.S. House of Representatives to launch investigations into his administration and finances.Trump came out swinging a day after his Republicans lost control of the House, and followed through on repeated threats to remove Attorney Genera...Read More

The Federal Reserve appears on track to raise interest rates once more this year.The central bank will likely hold off on any action when its latest policy meeting ends Thursday.Investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be rethinking its probable pace of credit tightening in the coming months. So far this year, the central bank has rais...Read More

Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More

The World Gold Council today launched Goldhub, a market-leading source of data, insights and analytical tools aimed at helping investors understand gold's value as a strategic asset.Goldhub will arm investors with a wide range of data that is necessary when making informed decisions in relation to gold investment. In addition, for the first-time, investors will now also have access to interactive...Read More

DUBLIN (Reuters) - European Central Bank President Mario Draghi downplayed a recent string is weak economic data, arguing on Thursday that the euro zone’s broad-based expansion is set to continue.“While some sector-specific data and selected survey results have been somewhat weaker than expected, the latest incoming information overall suggests that the broad-based expansion in the eur...Read More

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) and an independent monitoring team still have “a lot of work to do” before he can certify changes required under a U.S. Justice Department settlement, Larry Thompson, an independent compliance auditor, told a conference in a video recording on Thursday.But Thompson, a former deputy U.S. attorney general, said VW was making good progress on impr...Read More

The company is scheduled to report earnings next weekUrogen Pharma Ltd (NASDAQ:URGN) is trading up 4.5% at $48.49, after Jefferies boosted its price target on the urology expert to $77 -- territory never before explored, and nearly 60% above current levels. URGN shares traded as high as $69.57 back in late May, and has struggled to regain the momentum it had early in the year. Of course, the secur...Read More

NEW YORK (Reuters) - The U.S. dollar pulled out of its post-election slump, rising modestly on Thursday morning ahead of a Federal Reserve policy meeting at which it is widely expected to hold interest rates steady.Against a basket of six rival currencies, the dollar index was up 0.15 percent from late Wednesday .DXY. The index had fallen in the wake of the U.S. midterm elections, which split powe...Read More