WASHINGTON (Reuters) - Dallas Federal Reserve President Robert Kaplan said on Friday that wage pressures are set to rise and that the U.S. central bank should continue to gradually raise interest rates.“My guess is if we look over three to six months, we’ll see some wage pressure,” Kaplan said in an interview with broadcaster CNBC. “I think this may be just a one-month aber...Read More
WASHINGTON (Reuters) - The Federal Reserve should continue to raise interest rates in a gradual way and there appears to be no abrupt rise in inflation on the horizon even as price gains have moved toward the central bank’s target, San Francisco Fed President John Williams said on Friday.Williams, who in June is set to become the head of the New York Fed, seen as the second-most influential...Read More
LONDON (Reuters) - The World Gold Council, owner of the world’s largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter told Reuters.The move is a sign that cost competition among gold ETFs is heating up after a price war in the much larger equities ETF sector slashed mana...Read More
Stephen Wicks, Inland Homes Plc's (LON:INL) chief executive, explains how the builder intends to double the number of houses it builds by targeting partnerships with housing associations.Unlike London, it has not been affected by the slowdown and is seeing good demand for its ?325,000 price bracket properties."We have a nice niche market" says Wicks and the growth opportunity is outstanding. &nbs...Read More
(Reuters) - The Trump administration said on Friday it will end temporary protections for immigrants in the United States from Honduras on Jan. 5, 2010, leaving potentially 57,000 people vulnerable to deportation.It is the latest in a series of decisions by President Donald Trump to shut down temporary protected status (TPS) granted to immigrants after natural disasters or violent conflicts that w...Read More
NEW YORK (Reuters) - New York Federal Reserve President William Dudley said on Friday the U.S. economy is on a solid footing with inflation closing in on the central bank’s 2-percent goal, though he was not yet ready to “declare victory” on inflation.“The U.S. economic outlook looks pretty good,” he said at an event “The Financial Tumult of Our Times” spon...Read More
Tern PLC (LON:TERN) shares climbed 13.4% to 25.8p after revealing that its 'Internet of Things' portfolio company Device Authority had entered into a technology partnership with Franco-Dutch digital security firm Gemalto.Elsewhere, investment group Tekcapital PLC (LON:TEK) following this afternoon's release of financial results that included increased revenue and profit for its year ended November...Read More
Peter Dasler, president of CanAlaska Uranium Ltd (CVE:CVV) caught up with Andrew Scott while in London to present at the Proactive Mining Capital event .As part of a wide-ranging discussion, Dasler discusses recent results from Cameco drilling at the West McArthur project in the Athabasca basin as well as the decision to acquire a third nickel-cobalt project in the Thompson Nickel Belt. Meet...Read More
WASHINGTON (Reuters) - U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that inflation pressures are rapidly building up, likely k...Read More
Video game developer Sumo Group PLC (LON:SUMO) is in expansion mode, says Carl Cavers.Recently listed, underlying trading is great while an acquisition in Newcastle has brought in 34 developers with virtual reality experience in a 'hotbed of video game development'.Sumo is a turnkey video game developer with a top rank clientele that includes some of the world's largest blue chips companies includ...Read More
FLR gapped lower after confessing to a surprise quarterly lossU.S. stocks are soaring this afternoon, as Apple's bullish nod from Warren Buffett creates positive buzz. Looking deeper at individual stocks, three that are making huge intraday moves are drug concern Portola Pharmaceuticals Inc (NASDAQ:PTLA), engineering firm Fluor Corporation (NYSE:FLR), and music streaming name Pandora Media Inc...Read More
PALO ALTO, Calif. (Reuters) - The Federal Reserve should raise interest rates twice more this year, though upside potential from tax cuts and new government spending and a “rosy” economic outlook could require a bit more tightening, Atlanta Fed President Raphael Bostic said on Friday.“I’m pretty firmly a three,” Bostic told Reuters in an interview on the sidelines of...Read More
John Arnold, chief executive of Circle Property PLC (LON:CRC), tells Proactive's Andrew Scott more offices being converted into flats has helped their property values and rental income rise sharply over the past year.Arnold says demand for space in good locations in regional cities remains buoyant. Meet Peninsula Mines Ltd, Silver City Minerals Ltd, Emmerson Resources Ltd, Renegade Explorati...Read More
LONDON (Reuters) - The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter told Reuters.The move is a sign that cost competition among gold ETFs is heating up after a price war in the much larger equities ETF sector slashed management...Read More
TORONTO, May 04, 2018 (GLOBE NEWSWIRE) - Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that it has closed its previously announced non-brokered flow-through financing, including the full amount of the over-allotment option, for aggregate gross proceeds of $19,734,000. A total of 1,150,000 flow-through common shares of the Company, including those pursuant to the exercise of the over-allo...Read More
TORONTO, May 04, 2018 (GLOBE NEWSWIRE) - Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that it has closed its previously announced non-brokered flow-through financing, including the full amount of the over-allotment option, for aggregate gross proceeds of $19,734,000. A total of 1,150,000 flow-through common shares of the Company, including those pursuant to the exercise of the over-allo...Read More
The numbers: The economy generated a solid 164,000 jobs in April to push the unemployment rate below 4% for the first time since Bill Clinton was president, a sign the surging labor market shows no signs ebbing. The increase in hiring fell short of the 188,000 forecast of economists polled by MarketWatch, but the shortfall was cushioned by upward revisions that show the U.S. created more jobs in...Read More
BRUSSELS (Reuters) - EU ambassadors have backed watered-down proposals to tackle unfair competition from foreign airlines following opposition from some member states to the threat of revoking flying rights across the bloc, six people familiar with the matter said.European Union members are considering a legislative proposal that would allow EU governments or airlines to submit complaints to the E...Read More
An earlier version of this column included an incorrect count on the number of weekly losses. Gold futures have now posted declines for three weeks in a row. Shutterstock Gold futures settled with a modest gain, following mixed trading on Friday, but tallied a loss for a third week in a row as investors showed a lukewarm reaction to the monthly U.S. jobs report. The data came in a bit softer than...Read More
An earlier version of this column included an incorrect count on the number of weekly losses. Gold futures have now posted declines for three weeks in a row. Shutterstock Gold futures settled with a modest gain, following mixed trading on Friday, but tallied a loss for a third week in a row as investors showed a lukewarm reaction to the monthly U.S. jobs report. The data came in a bit softer than...Read More