TORONTO, May 8, 2018 /CNW/ - The Green Ontario Fund has announced details of the much-anticipated rebate program for solar PV and energy storage installations. This program will provide qualifying businesses $0.75 per watt for solar panel installations up to 500 kW (AC). Commercial and industrial buildings, which account for nearly 25 per cent of the province's greenhouse gas emissions, can now be...Read More
LONDON (Reuters) - The dollar surged to a 2018 high against its rivals on Tuesday as a rout of the euro prompted traders to buy the greenback despite some concerns its rally may have been too quick.Against a basket of rivals, the dollar .DXY has surged about 4.5 percent in three weeks as expectations that other major central banks would follow the U.S. Federal Reserve in normalizing monetary polic...Read More
RKDA shares have given back their huge gains from MarchAgricultural biotech Arcadia Biosciences Inc (NASDAQ:RKDA) is set to jump 27.7% this morning, thanks to news that rice grown with the company's proprietary traits showed promising results in a field trial from the past two crop seasons. Arcadia CEO Raj Ketkar added, "These results show that our agricultural productivity traits hold significant...Read More
(Bloomberg) - AngloGold Ashanti Ltd. remains upbeat on its African assets even as new mining rules threaten profits at two of the company's key mines.The world's third-largest gold producer is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries, where AngloGold gets the bulk of its African metal from. Still, th...Read More
Mr. Jeff Husseyof Osisko Metals reportsOSISKO METALS INTERSECTS 8.45 % ZINC+LEAD OVER 8.25 METRES AT PINE POINTOsisko Metals Inc. has released assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05 per cent zinc and 1.40 per cent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36, which was reported previ...Read More
Mr. Jeff Husseyof Osisko Metals reportsOSISKO METALS INTERSECTS 8.45 % ZINC+LEAD OVER 8.25 METRES AT PINE POINTOsisko Metals Inc. has released assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05 per cent zinc and 1.40 per cent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36, which was reported previ...Read More
The monthly JOLTS report is also due out later todayDow Jones Industrial Average (DJI) futures are signaling alower start this morning, as caution sets in ahead of this afternoon's 2 p.m. ET announcement from President Donald Trump, who is expected to give his decision on the Iran nuclear deal. Ahead of the highly anticipated event, oil prices are churning near the $70-per-barrel mark, with Jun...Read More
Gold is under pressure due to an appreciating U.S. dollar, says Lukman Otunuga, research analyst atFXTM. As of 9:09 a.m. EDT, spot metal was down $4 to $1,309.60 an ounce. The loss,despite U.S. President Donald Trump’s planned announcement on the Iran nucleardeal Tuesday afternoon, highlights a lack of buying sentiment at the moment,the analyst says. “There is a suspicion that market e...Read More
Gold is under pressure due to an appreciating U.S. dollar, says Lukman Otunuga, research analyst at FXTM. As of 9:09 a.m. EDT, spot metal was down $4 to $1,309.60 an ounce. The loss, despite U.S. President Donald Trump’s planned announcement on the Iran nuclear deal Tuesday afternoon, highlights a lack of buying sentiment at the moment, the analyst says. “There is a suspicion that mark...Read More
(Reuters) - U.S. stock indexes were on track to open lower on Tuesday as investors braced for President Donald Trump’s decision on whether to withdraw from the Iran nuclear deal.A U.S. withdrawal would tighten economic sanctions on Iran, curtailing the country’s output that could bolster this year’s 13 percent oil rally.Crude prices were down about 1 percent - easing from 2014 hi...Read More
HARARE, May 8 (Reuters) - Former President Robert Mugabe will not appear before Zimbabwe's parliament as scheduled on Wednesday to answer questions on diamond mining operations, a legislator said.Temba Mliswa, who leads the parliamentary committee on mines, said the clerk of parliament hadn't written to Mugabe to invite him to appear."It has been delayed but that resolution still stands," Mliswa s...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump will request a package of $15 billion in spending cuts from Congress on Tuesday, including some $7 billion from the Children’s Health Insurance Program championed by Democrats, senior administration officials said on Monday.The proposal comes as the White House and conservative Republicans in the U.S. Congress were edging away from a threat...Read More
(Reuters) - U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for the media assets that Twenty-First Century Fox Inc has agreed to sell to Walt Disney Co for $52 billion, three people familiar with the matter said on Monday.Comcast Chief Executive Brian Roberts only plans to proceed with th...Read More
Royal Dutch Shell (LON:RDSA) is selling its entire stake in Canadian Natural Resources (TSX:CNQ) for about $3.3 billion, as part of a planned exit from Canada's oil sands sector.The Dutch giant, the world's second largest publicly traded oil company, said it would use proceeds of the sale of almost 98 million shares - about 8% of CNR - to pay down debt.Shell obtained its stake in CNR last yea...Read More
Teranga GoldCorp. (TSX: TGZ) announces the first drawdown, under the secured developmentfinance facility with Taurus Funds Management Pty Ltd., for construction of itssecond mine - the Wahgnion gold project. The facility totals $165 million, andthe first drawdown was for $70 million, $15 million of which was used to closeout a revolving credit facility with Soci?(C)t?(C) G?(C)n?(C)rale, Teranga sa...Read More
Teranga Gold Corp. (TSX: TGZ) announces the first drawdown, under the secured development finance facility with Taurus Funds Management Pty Ltd., for construction of its second mine - the Wahgnion gold project. The facility totals $165 million, and the first drawdown was for $70 million, $15 million of which was used to close out a revolving credit facility with Soci?(C)t?(C) G?(C)n?(C)rale, Teran...Read More
May 8 (Reuters) - Futures for Canada's main stock exchange were little changed on Tuesday, as investors awaited an announcement by U.S. President Donald Trump later in the day on whether the United States will reimpose sanctions on Iran.Trump will announce whether he will pull out of the Iran nuclear deal or stay in and work with European allies who have struggled to persuade him that it has succe...Read More
* Italian yields jump 8 bps with early election possible* Other South European yields higher 5 bps* Strong German data pushes up euro zone yields* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds quotes, additional detail)By Abhinav RamnarayanLONDON, May 8 (Reuters) - Italian government bond yield rose sharply on Tuesday, lifting southern European peers, as the possibility of an earl...Read More
(Reuters) - Oil and gas company Energen Corp (EGN.N) reported higher-than-expected first-quarter profit on Tuesday and raised its production guidance for the year as it seeks to reap the benefits of $70-a-barrel crude.For the year, the company said it now expects annual production in the range of 92,000-99,000 barrels of oil equivalent per day (boe/d) up from the 91,500-98,500 it forecast along wi...Read More
(Reuters) - Valeant Pharmaceuticals International Inc (VRX.TO) (VRX.N) on Tuesday decided to take the name of its best performing optical products unit as part of a turnaround plan and raised its 2018 revenue forecast.Valeant will become Bausch Health Companies Inc from July as Chief Executive Officer Joseph Papa works to restore investor confidence after several investigations into the company&rs...Read More