(Adds Breakingviews link)By Liz Hampton, Ernest Scheyder and Dmitry ZhdannikovHOUSTON/LONDON, June 12 (Reuters) - Exxon Mobil Corp is pushing deeper into energy trading, building a global cadreof experienced traders and beefing up risk-management systems tolift profit, according to executive recruiters and peoplefamiliar with the business. The development is a sea change for a company that has sto...Read More
WASHINGTON (Reuters) - U.S. monthly consumer inflation rose moderately in May as gasoline price increases slowed, suggesting the Federal Reserve could continue to gradually raise interest rates this year.The Labor Department’s inflation report was published ahead of the start of the Fed’s two-day policy meeting on Tuesday. Steadily rising inflation and a tightening labor market are see...Read More
(Kitco News) - Gold pricesaremoderately lower and trading right around the psychologically important$1,300.00 level in early-afternoon U.S. trading Tuesday. Gold and silvermarkets did not react significantly to the concluded U.S.-North Korea summitearlier today. August Comex gold futures were last down $2.40 an ounce at $1,300.80.July Comex silver was last down $0.022 at $16.93 an ounce.Theworld m...Read More
The brokerage firm also reiterated its low $15 price targetShares of SeaWorld Entertainment Inc (NYSE:SEAS) are trading down 0.6% at $20.88, after Citi downgraded the leisure stock to "sell" from "neutral," and maintained its $15 price target -- a 28% discount to the security's current price. The brokerage firm cited several risk factors, including increased competition from new Star Wars attracti...Read More
(Kitco News) - Gold prices are moderately lower and trading right around the psychologically important $1,300.00 level in early-afternoon U.S. trading Tuesday. Gold and silver markets did not react significantly to the concluded U.S.-North Korea summit earlier today. August Comex gold futures were last down $2.40 an ounce at $1,300.80. July Comex silver was last down $0.022 at $16.93 an ounce.The...Read More
Firesteel Resources Inc. (TSXV:FTR) (Read full newsRead More
NEW YORK (Reuters) - World stock markets were little changed on Tuesday while the U.S. dollar fell slightly against an index of major currencies, as investors brushed aside a long-awaited U.S.-North Korea summit aimed at denuclearizing the Korean peninsula.U.S. President Donald Trump and North Korean leader Kim Jong Un met in Singapore, pledging to work toward complete denuclearization, while Wash...Read More
ATHENS (Reuters) - Greece and Macedonia have reached a historic accord to resolve a decades-old dispute over the name of the tiny Balkan nation, Greek Prime Minister Alexis Tsipras said on Tuesday.“I have good news .. a while ago we reached an agreement with the Prime Minister of the Former Yugoslav Republic of Macedonia on an issue which has been on our minds for many years,” Tsipras...Read More
The retail name seems overdue for upgradesRetail stocks have been a strong performers recently. One name in particular that's been participating in the sector-wide surge is Crocs, Inc. (NASDAQ:CROX), which touched a six-year high of $19.54 earlier today. The stock could have even more room to run, as CROX just threw up a reliable bullish signal.Looking closer at the charts, CROX stock has nearly t...Read More
SINGAPORE (Reuters) - Donald Trump and North Korean leader Kim Jong Un held a largely symbolic summit on Tuesday, and the U.S. president offered an unexpected concession to the North, saying he would halt joint military exercises with South Korea.The two men smiled and shook hands before pledging at their historic summit to work toward the “denuclearization” of the Korean Peninsula. Th...Read More
(Reuters) - Bank of America Corp’s (BAC.N) co-head of consumer and business banking said on Tuesday he expects the consumer banking unit’s efficiency ratio to remain flat or improve further as it cuts more costs tied to moving physical checks and cash.Speaking at a conference, Dean Athanasia said the closely watched figure measuring expenses per dollar of revenue would remain below 50...Read More
LUSAKA, June 11 (Reuters) - Vedanta Resources plans to double finished copper production at Zambia's Konkola Copper Mines (KCM) to 200,000 tonnes this year, the CEO of its Zambian unit said on Monday.KCM has ploughed more than $3 billion into the southern African country's copper mines since 2004, including a further $1 billion investment package announced last year to revamp and upgrade some mine...Read More
LUSAKA, June 11 (Reuters) - Vedanta Resources plans to double finished copper production at Zambia's Konkola Copper Mines (KCM) to 200,000 tonnes this year, the CEO of its Zambian unit said on Monday.KCM has ploughed more than $3 billion into the southern African country's copper mines since 2004, including a further $1 billion investment package announced last year to revamp and upgrade some mine...Read More
Steve Holland, Soyoung Kim, Jack KimSINGAPORE (Reuters) - U.S. President Donald Trump said North Korean leader Kim Jong Un pledged at a historic summit on Tuesday to move toward complete denuclearization, while the United States promised its old foe security guarantees.The start of negotiations aimed at banishing what Trump described as North Korea’s “very substantial” nuclear ar...Read More
MONTREAL, June 12, 2018 (GLOBE NEWSWIRE) - Midland Exploration inc. ("Midland") (TSX-V:MD) is pleased to announce that exploration work has resumed on its wholly owned James Bay Gold project. The summer exploration campaign will focus on the Lasalle property, located about 35 kilometers south of Hydro-Quebec's LG-3 airport and of the Trans-Ta??ga road.Last fall, a grab sample of a silicified and f...Read More
Trading conditions remain cautious ahead of tomorrow's Fed decisionThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are hovering near breakeven today, though the tech-heavy Nasdaq Composite (IXIC) is pushing higher. For the most part, traders continue to digest the meeting between President Donald Trump and North Korea's Kim Jong-Un, and are taking a wait-and-see approach ahead of to...Read More
LONDON (Reuters) - Britain’s Brexit minister told parliament on Tuesday to back down in a showdown over Prime Minister Theresa May’s plans for leaving the European Union, warning lawmakers they could undermine negotiations with Brussels.Lawmakers began two days of debate on Tuesday on changes to May’s Brexit blueprint, or EU withdrawal bill, after the upper house of parliament, t...Read More
PARIS (Reuters) - France denounced Italy’s refusal to take in more than 600 migrants stranded aboard the rescue ship Aquarius, accusing the government of “cynicism” and asking Rome to reconsider its position.Briefing journalists after a cabinet meeting, government spokesman Benjamin Griveaux said President Emmanuel Macron had made clear that the country with the nearest coastline...Read More
TORONTO, June 12, 2018 (GLOBE NEWSWIRE) - Seabridge Gold Inc (TSX:SEA) (NYSE:SA) announced today that it expects to define drill targets by year end on its 100%-owned Snowstorm Project in Northern Nevada. The 31 square mile Snowstorm Project, purchased by Seabridge in June 2017, sits at the projected intersection of three of Northern Nevada's most prolific gold belts: the Carlin Trend, the Getch...Read More
TORONTO, June 12, 2018 (GLOBE NEWSWIRE) - Seabridge Gold Inc (TSX:SEA) (NYSE:SA) announced today that it expects to define drill targets by year end on its 100%-owned Snowstorm Project in Northern Nevada. The 31 square mile Snowstorm Project, purchased by Seabridge in June 2017, sits at the projected intersection of three of Northern Nevada's most prolific gold belts: the Carlin Trend, the Getch...Read More