PARIS/WASHINGTON/BRUSSELS (Reuters) - U.S. officials are touring the globe to pressure countries to shun trade with Iran following Washington’s withdrawal from a nuclear deal between Tehran and world powers, a move that undermines European efforts to save the accord, sources said.U.S. State and Treasury Department officials have traveled to Japan and this week U.S. diplomats are in eastern E...Read More
LONDON (Reuters) - Amazon.com Inc (AMZN.O) will add over 2,500 permanent jobs in Britain this year, taking the U.S. retail giant’s UK workforce to nearly 28,000, it said on Wednesday.The company said the jobs will be in head office, research and development, web services and operations roles.Apart from nationwide goods deliveries, Amazon’s services include video streaming and a digital...Read More
Gold slipped back below $1,300 an ounce on Wednesday and is now trading flat for 2018, but investors in gold-backed exchange traded funds continue to see opportunity in the yellow metal.New data from the World Gold Council show retail and institutional investors in gold ETFs poured a net $771.3m into global funds in May, despite a pullback in the US, the largest market.Global vaults now hold aroun...Read More
Gold slipped back below $1,300 an ounce on Wednesday and is now trading flat for 2018, but investors in gold-backed exchange traded funds continue to see opportunity in the yellow metal.New data from the World Gold Council show retail and institutional investors in gold ETFs poured a net $771.3m into global funds in May, despite a pullback in the US, the largest market.Global vaults now hold aroun...Read More
One name has more than doubled in today's tradingThe stock market is ripping higher today, with the tech sector continuing to climb. Biotechs are on the rise, too with the SPDR S&P Biotech ETF (XBI) fresh off a record high. Among individual names to watch are penny stocks Axovant Sciences Ltd (NASDAQ:AXON), Cellectar Biosciences Inc (NASDAQ:CLRB), and Vascular Biogenics Ltd (NASDAQ:VBLT).Axovant S...Read More
(Reuters) - Under pressure from U.S. lawmakers in farming states, President Donald Trump has abandoned an overhaul of biofuels policy aimed at reducing costs for the oil industry, sending U.S. renewable fuel credit prices soaring more than 40 percent on Wednesday.The White House had been poised to announce proposed changes to the U.S. Renewable Fuel Standard (RFS) this week after hosting months of...Read More
LONDON (Reuters) - Bank of England policymaker Ian McCafferty said on Wednesday that the central bank was in no rush to wind down its stockpile of government bonds amassed under its quantitative easing stimulus program for Britain’s economy.“What we have said is that we are in no hurry to turn round on QE,” McCafferty said on LBC radio.“We would like to get interest rates u...Read More
(Reuters) - Blockchain-based payment startup Circle Internet Financial Ltd said it held preliminary talks with U.S. regulators to seek a banking license and provide more financial services to customers.The Goldman Sachs-backed company told Bloomberg it intends to seek registrations as a brokerage and trading venue with the Securities and Exchange Commission to enable clients buy and sell securitie...Read More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD. WILL RESUME TRADING ON THE CANADIAN SECURITIES EXCHANGE ON JUNE 7, 2018, PROVIDES UPDATE ON PROPOSED TRANSACTION, ANNOUNCES APPOINTMENT OF NEW CFO AND CLARIFIES INFORMATION PREVIOUSLY DISCLOSEDGenius Properties Ltd. has received the conditional approval of the Canadian Securities Exchange in connection with the proposed transaction with Cerro de Pasco R...Read More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD. WILL RESUME TRADING ON THE CANADIAN SECURITIES EXCHANGE ON JUNE 7, 2018, PROVIDES UPDATE ON PROPOSED TRANSACTION, ANNOUNCES APPOINTMENT OF NEW CFO AND CLARIFIES INFORMATION PREVIOUSLY DISCLOSEDGenius Properties Ltd. has received the conditional approval of the Canadian Securities Exchange in connection with the proposed transaction with Cerro de Pasco R...Read More
JPMorgan shares are having a big dayThe Dow Jones Industrial Average (DJI) is pushing higher today, knocking on the door of the 25,000 level. Boosting the blue-chip index are big gains from Boeing (BA) and JPMorgan Chase (JPM), with the latter benefiting from a broader rally in financial stocks. The Nasdaq Composite (IXIC), meanwhile, managed another record high, while the S&P 500 Index (SPX) is a...Read More
Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday's close in higher than usual volume for a market capitalization of $714m before paring some of those gains.The latest in a string of resul...Read More
Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday's close in higher than usual volume for a market capitalization of $714m before paring some of those gains.The latest in a string of resul...Read More
Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday's close in higher than usual volume for a market capitalization of $714m before paring some of those gains.The latest in a string of resul...Read More
WASHINGTON (Reuters) - U.S. House of Representatives Speaker Paul Ryan, asked on Wednesday about the prospects for House passage of legislation to enable a renegotiated NAFTA trade deal, indicated there was not much time left for the current Congress to do so.He told reporters it was “pretty far into the deadline” for Congress to consider a new North American Free Trade Agreement. Nego...Read More
BERLIN/PARIS (Reuters) - France wants a more ambitious reform of the euro zone than the one sketched out by Angela Merkel and will press the German chancellor for additional concessions on a euro zone budget and banking union in the weeks ahead, French officials say.After months of silence and mounting criticism, Merkel offered a detailed response to French President Emmanuel Macron’s calls...Read More
(Kitco News)- Competition in the gold space is heating up as the newestexchange-traded product saw inflows of $145 million in less than a week.Last Friday GranitShares Gold Trust (NYSE: BAR) goldholdings were valued at $15 million, explained Will Rhind, CEO of the ETF firm,in an interview with Kitco News. By Monday, he said that BAR’s assets undermanagement increased by $145 million, totalin...Read More
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) is targeting reducing global headcount to below 93,000 by year-end and achieve a return on tangible equity of more than 4 percent next year, the lender said in slides prepared for a conference.“Our lack of profitability is still holding us back,” Chief Financial Officer James von Moltke said at the conference on Wednesday.Last month, Deuts...Read More
ROME (Reuters) - Italy’s new government will review the previous administration’s shake up of mutual and co-operative banks, Prime Minister Giuseppe Conte told parliament on Wednesday, without giving any details.Conte, who heads a coalition that unites the far-right League and anti-establishment 5-Star Movement, also confirmed that his government would look into separating investment b...Read More
(Reuters) - Gains for Amazon and Tesla helped the Nasdaq open at a record high on Wednesday, before the index fell slightly as Facebook led a decline in the technology sector.Tesla Inc jumped 5 percent after billionaire Chief Executive Officer Elon Musk reassured shareholders that building 5,000 of its mass-market Model 3 cars per week by the end of June was “quite likely”.The Nasdaq h...Read More