Previous pullbacks to its 200-day moving average have preceded ralliesApple suppliers will continue to grab headlines leading up to Apple's WWDC event in two weeks. However, there are other semiconductor stocks out there to target in the meantime. Cypress Semiconductor Corporation (NASDAQ:CY) stock is throwing up a significant bullish signal, in fact, and options are attractively priced to boot.C...Read More
President Trump released a public letter to the North Korean leader earlier todayStocks aretrading significantly lower at midday, after President Donald Trump announced that the June 12 summit with North Korea is canceled. In a letter to Kim Jong Un, Trump stated,"based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate... to have this...Read More
PURCHASE, N.Y. (Reuters) - Morgan Stanley shareholders sided with the company's board on all votes taken at their annual meeting on Thursday, electing the slate of directors and endorsing the company's compensation of top executives.All of the board nominees received at least 98 percent of votes cast and some 96 percent approved of executive pay, according to preliminary results announced at the e...Read More
The iShares MSCI Turkey ETF is down almost 29% in 2018Turkey's economy has been grappling with rising inflation and a rapid decline in the lira. As such, Turkey's central bank on Wednesday stepped in and dramatically raised interest rates at an emergency meeting -- but the lira has only continued to fall. All this uncertainty has dragged down the iShares MSCI Turkey ETF (TUR), which yesterday hit...Read More
TORONTO (Reuters) - Royal Bank of Canada (RY.TO) and Toronto-Dominion Bank (TD.TO), Canada’s two biggest lenders, reported second-quarter earnings that exceeded market expectations on Thursday, shrugging off concerns over slowing mortgage growth.Shares in TD, which had the strongest beat of the two banks, hit an all-time high at C$76.81, up 1.7 percent, in early trading. Shares in RBC were d...Read More
(Reuters) - U.S. stocks dropped on Thursday after President Donald Trump canceled a planned summit with North Korean leader Kim Jong Un, while a slide in oil prices and bank stocks also weighed as investors grappled with fresh U.S. protectionist plans.Trump said he canceled a June 12 summit “based on the tremendous anger and open hostility” in Kim’s recent statement.The move came...Read More
Mr. John Watson reports NV GOLD PROVIDES UPDATE OF EXPLORATION AT ITS ATV GOLD PROJECT, NEVADANV Gold Corp.has recently completed follow-up drilling and received analyses from its second diamond core hole ARC-6C at its 100-per-cent-controlled Across-the-Valley (ATV) gold project in north-central Nevada. As reported by the company in news releases dated March 1, 2018, hole ARC-6C intercepted a sequ...Read More
Mr. John Watson reports NV GOLD PROVIDES UPDATE OF EXPLORATION AT ITS ATV GOLD PROJECT, NEVADANV Gold Corp.has recently completed follow-up drilling and received analyses from its second diamond core hole ARC-6C at its 100-per-cent-controlled Across-the-Valley (ATV) gold project in north-central Nevada. As reported by the company in news releases dated March 1, 2018, hole ARC-6C intercepted a sequ...Read More
ST PETERSBURG, Russia/MOSCOW, May 24 (Reuters) - Russian aluminium producer Rusal has asked the Russian government to purchase some of its output, a government source said on Thursday, in an effort to alleviate the pain inflicted by U.S. sanctions.Rusal, the world's second largest aluminium producer, also announced that its chief executive and seven board members had quit - part of a strategy it h...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday rejected a push by moderate congressional Republicans for a “Dreamer” immigration deal, saying he would only back sweeping immigration legislation that met all of his demands, including a U.S-Mexico border wall.“Unless it includes a wall, and I mean a wall, a real wall, and unless it includes very strong border securi...Read More
SANTIAGO, May 23 (Reuters) - Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday.Salar Blanco, 50 percent-owned by Australia's Lithium Power International, with smaller stakes held by Canada's B...Read More
LONDON, May 24 (Reuters) - Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.A dividend would set Anglo Asian apart from many London-listed junior miners, which typically are busy exploring and need to raise money rather than to hand it out."T...Read More
LONDON, May 24 (Reuters) - Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.A dividend would set Anglo Asian apart from many London-listed junior miners, which typically are busy exploring and need to raise money rather than to hand it out."T...Read More
LONDON, May 24 (Reuters) - Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.A dividend would set Anglo Asian apart from many London-listed junior miners, which typically are busy exploring and need to raise money rather than to hand it out."T...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)LONDON, May 24 (Reuters) - NioCorp Developments, which is in the process of raising financing for a minerals project in Nebraska, has just seen its Toronto-listed shares surge from C$0.52 to $0.70 in the space of two days thanks to the U.S. government.NioCorp's planned mine and processing facility at Elk Creek will prod...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)LONDON, May 24 (Reuters) - NioCorp Developments, which is in the process of raising financing for a minerals project in Nebraska, has just seen its Toronto-listed shares surge from C$0.52 to $0.70 in the space of two days thanks to the U.S. government.NioCorp's planned mine and processing facility at Elk Creek will prod...Read More
(Kitco News) -Standard Chartered Bank figuresany pullbacks in gold prices to $1,250 an ounce would be buying opportunities.So far Thursday, the metal ishigher, rallying since Wednesday’s release of minutes of the May Federal OpenMarket Committee meeting did not seem to suggest policymakers would beaccelerating their pace of monetary tightening. The market received an added boostin safe-haven...Read More
(Kitco News) - Standard Chartered Bank figures any pullbacks in gold prices to $1,250 an ounce would be buying opportunities.So far Thursday, the metal is higher, rallying since Wednesday’s release of minutes of the May Federal Open Market Committee meeting did not seem to suggest policymakers would be accelerating their pace of monetary tightening. The market received an added boost in saf...Read More
BRUSSELS (Reuters) - The European Commission proposed on Thursday new rules to force asset managers, insurers and pension funds to disclose how they take into account environmental risks in their investments and abide by clearer criteria when they claim “green” credentials.The plan is meant to spur green investment and to curb “greenwashing”, a practice whereby companies an...Read More
LONDON, May 24 (Reuters) - Mining firm Petra Diamonds said it aims to raise $178 million to help cut its debt burden, and warned it could run low on working capital and breach its debt covenants if shareholders do not back the proposed rights issue.Petra, which last month finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for...Read More