SINGAPORE (Reuters) - U.S. President Donald Trump said on Monday his historic summit with North Korean leader Kim Jong Un in Singapore could “work out very nicely” as officials from both countries sought to narrow differences on how to end a nuclear stand-off on the Korean peninsula.Kim, one of the world’s most reclusive leaders, made an evening tour of sites on Singapore’s...Read More
(Reuters) - U.S. and European stocks edged up on Monday as investors shook off the weekend’s chaotic G7 summit ahead of a week packed with diplomatic events, while a pair of U.S. Treasury Department auctions met with strong demand.Bullishness on the part of investors that the historic summit scheduled for Tuesday between U.S. President Donald Trump and North Korean leader Kim Jong Un will go...Read More
Paul Carrel, Michael NienaberBERLIN (Reuters) - International Monetary Fund chief Christine Lagarde led an attack by global economic organizations on U.S. President Donald Trump’s “America First” trade policy on Monday, warning that clouds over the global economy “are getting darker by the day”.Trump backed out of a joint communique agreed by Group of Seven leaders in...Read More
(Kitco News) - Texans can now store their gold right in their own home state, as local officials celebrate the opening of the Texas Bullion Depository — the country’s first state-administered precious metals depository.The official opening took place last week in Austin after several years of hard work of putting the plan together.State Rep. Giovanni Capriglione, R-Southlake, created t...Read More
(Kitco News) - Texans can now store their gold right in their own home state, as local officials celebrate the opening of the Texas Bullion Depository — the country’s first state-administered precious metals depository.The official opening took place last week in Austin after several years of hard work of putting the plan together.State Rep. Giovanni Capriglione, R-Southlake, created t...Read More
Dakar, Senegal, 11 June 2018 - The feasibility study on the Massawa gold project in Senegal is nearing finalisation and a development decision is scheduled for the end of this year, Randgold Resources chief executive Mark Bristow said today. Bristow and his executive team are in Senegal to inspect the project and update the Senegalese government on its progress.At a briefing for local media...Read More
Dakar, Senegal, 11 June 2018 - The feasibility study on the Massawa gold project in Senegal is nearing finalisation and a development decision is scheduled for the end of this year, Randgold Resources chief executive Mark Bristow said today. Bristow and his executive team are in Senegal to inspect the project and update the Senegalese government on its progress.At a briefing for local media...Read More
WASHINGTON (Reuters) - The U.S. open internet rules expired on Monday, handing sweeping new powers to internet providers to block, throttle or offer paid “fast lanes” for web traffic, but a court battle remains ahead.The Federal Communications Commission repealed the 2015 Obama administration’s landmark net neutrality rules in December by a 3-2 vote, sparking a firestorm of criti...Read More
NEW YORK (Reuters) - The U.S. dollar and euro on Monday were range-bound ahead of decisive meetings of both central banks this week and President Donald Trump’s summit with North Korean leader Kim Jong Un in Singapore on Tuesday.The greenback was up 0.14 percent against a basket of six currencies during Monday’s session, despite heightened worries about a global trade war following a s...Read More
NEW YORK (Reuters) - The U.S. dollar and euro on Monday were range-bound ahead of decisive meetings of both central banks this week and President Donald Trump’s summit with North Korean leader Kim Jong Un in Singapore on Tuesday.The greenback was up 0.14 percent against a basket of six currencies during Monday’s session, despite heightened worries about a global trade war following a s...Read More
One company announced the immediate departure of its CEO todayStocks are pushing modestly higher this afternoon, as investors take a cautious approach to tomorrow's U.S.-North Korea summit. However, some individual stocks making big moves today include car manufacturer Adient PLC (NYSE:ADNT), data storage concern Seagate Technology PLC (NASDAQ:STX), and exercise name Planet Fitness Inc (NYSE:...Read More
NEW YORK (Reuters) - Wall Street stocks gained some ground on Monday as investors shrugged off the weekend’s contentious meeting of the Group of 7 nations and focused on the historic United States-North Korea summit Tuesday morning in Singapore.President Donald Trump announced the United States was withdrawing from the G7’s joint communique following a series of tweets aimed at Prime M...Read More
The noted short seller set a whopping $15 price target on FITFitbit Inc (NYSE:FIT) is surging today, after noted short seller Citron Research waxed optimistic on the wearable tech name. FIT stock was last seen up 14.5% at $7.27 -- pacing for its best day since last August -- and options traders are betting on even more upside in the near term.Taking a closer look at that Citron Research note, the...Read More
There had been unusual call activity on BSX over the past 10 daysMedical device stock Boston Scientific Corporation (NYSE:BSX) is trading up 9.5% at $34.99 after earlier being halted and then topping out at a 13-year high of $37.30, thanks to a Wall Street Journal report that sector peer Stryker (SYK) has approached the company with a takeover offer. This news is likely benefiting recent BSX optio...Read More
BERLIN (Reuters) - The clouds over the global economy have darkened, especially since the divisive summit of leaders from the Group of Seven economic powers at the weekend, International Monetary Fund Managing Director Christine Lagarde said on Monday.Lagarde, speaking at a joint news conference in Berlin with the chiefs of other leading economic organizations and German Chancellor Angela Merkel,...Read More
"Big day for #nickel industry: Vale proceeding with Voisey's Bay underground development. Capital approx. US$2 billion for 40ktpa nickel production over a projected 15-year mine life https://t.co/6CTpXgvNlp"Read full newsRead More
TORONTO, June 11, 2018 (GLOBE NEWSWIRE) - Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 18,675 ounces of gold in May bringing the total for the first five months of 2018 to 87,465 ounces, up 27% compared to the first five months of 2017. This brings the Company's trailing 12-months' total gold production to 192,461 ounces, up 11% from 2017's annual production of 17...Read More
Wheaton Precious Metals and Cobalt 27 will acquire a fixed percentage of cobalt production from Vale's Voisey's Bay mine for US$690 million.Both companies will make a combined purchase of finished cobalt equal to 75% of Voisey's Bay cobalt production commencing January 1, 2021. Wheaton will be entitled to receive from Vale an amount of cobalt equal to 42.4% of the Voisey's Bay mine cobalt producti...Read More
Big-time customer Amazon won't contribute much to Q3 sales, the analyst warnedAfter starting the month higher on hopes for the recentagreement between the U.S. and China's ZTE Corp., the shares of Applied Optoelectronics Inc (NASDAQ:AAOI) are getting drilled today. A Rosenblatt Securities analyst initiated coverage on AAOI stock with a "sell" recommendation and a $30 price target -- representing a...Read More
Gold futures finished with a modest gain on Monday, holding to a tight trading range, with an overall a wait-and-see mood taking hold ahead of the much-touted meeting over North Korea's denuclearization and a bevy of major central bank gatherings in the coming week. "Gold is range bound at present until after the FOMC meeting concludes and the market absorbs the statement and signals for next int...Read More