Nickel Tips – BUY Nickel at CMP 940 for Target Small at 946 – 951 with Small SL below price 933.50. Trade with 2 lotsAFTER POST CONTENT Read More
Written by Dennis Wamsted and Seth FeasterThe Energy Information Administration, the federal agency responsible for national energy data compilation and analysis, has been historically out of sync on its U.S. coal-industry projections and seems every bit as off the mark as ever these days.It's as if the EIA can't quit going rogue from reality.In a "Today in Energy" article published on the EI...Read More
MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) is expected to reappoint Amos Genish as its chief executive on Monday, as the phone group enters a new phase after activist fund Elliott wrestled board control from top shareholder Vivendi (VIV.PA).Elliott pulled off a boardroom coup at the former state monopoly on Friday, winning a shareholder vote to appoint 10 independent directors - or two-third...Read More
LONDON (Reuters) - Oil prices hit their highest since late 2014 on Monday, driven by a deepening economic crisis in Venezuela and worries that the Unites States could re-impose sanctions on Iran, while stocks firmed and the dollar surged to another 2018 high.With trading thinned by a holiday closure in London, European shares opened higher, boosted by energy stocks as well as encouraging earnings...Read More
NEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it.Likening bitcoin demand to the tulip mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway Inc (BRKa.N), said the mystique behin...Read More
MOSCOW, May 7 (Reuters) - Rosneft Chief Executive Igor Sechin said on Monday he welcomed Qatar as a direct shareholder in Rosneft, as the Qatari sovereign investment fund prepared to become the sole owner of a major stake in the Russian energy company."The consortium presented by Qatar and Glencore was already a shareholder and now they have decided upon direct ownership (by Qatar)... We welcome t...Read More
MOSCOW, May 7 (Reuters) - Rosneft Chief Executive Igor Sechin said on Monday he welcomed Qatar as a direct shareholder in Rosneft, as the Qatari sovereign investment fund prepared to become the sole owner of a major stake in the Russian energy company."The consortium presented by Qatar and Glencore was already a shareholder and now they have decided upon direct ownership (by Qatar)... We welcome t...Read More
Sarepta stock has nearly tripled in the past yearShares of InVitae Corp (NYSE:NVTA) and Sarepta Therapeutics Inc (NASDAQ:SRPT) are pointed higher this morning, after the two companies expanded their partnership in clinical research for Duchenne Muscular Dystrophy (DMD) treatments. The collaboration takes advantage of NVTA's genetic testing to find patients who may benefit from SRPT's clinical tr...Read More
TORONTO (Reuters) - Canadian department store owner Hudson’s Bay Co (HBC.TO) and joint venture partner RioCan REIT (REI_u.TO) have signed a conditional agreement to sell HBC’s flagship store in downtown Vancouver for about C$675 million ($524.4 million) to an Asian buyer, a person familiar with the matter told Reuters.The buyer, who owns a closely held real estate company, is seeking t...Read More
Intraday Zinc – BUY Zinc at CMP 206.70 for Target 207.60 – 208.20 with SL below price 205.80AFTER POST CONTENT Read More
The stock touched a record high of $100.73 on May 2Yoga apparel concern Lululemon Athletica Inc. (NASDAQ:LULU)stock is trading higher this morning, after receiving a price-target raise to $104 from $96 from Deutsche Bank -- in uncharted territory. LULU shares are now poised to close back above their 20-day moving average, after pulling back from record highs on Friday. Lululemon stock was up 1% a...Read More
Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More
LUSAKA, May 7 (Reuters) - Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with a tax bill of over 76.5 billion Zambian kwacha ($8 billion), its revenue authority said on Monday.First Quantum, which owns two copper mines in Zambia, said in March that Zambia's tax agency had demanded the taxes, saying they were on import duties, pena...Read More
Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More
Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More
LUSAKA, May 7 (Reuters) - Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with a tax bill of over 76.5 billion Zambian kwacha ($8 billion), its revenue authority said on Monday.First Quantum, which owns two copper mines in Zambia, said in March that Zambia's tax agency had demanded the taxes, saying they were on import duties, pena...Read More
The FDA approved PLENVU, which is partially developed by the VRX subsidiaryShares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are up 2.6% to trade at $18.49, after the Canada-based drugmaker said the Food and Drug Administration (FDA) had approved PLENVU -- a bowel cleanser used to prep patients for colonoscopies -- which is jointly developed by VRX subsidiary Salix Pharmaceuticals and Norgine....Read More
Photo: Agreement signing attended by (from left) Ivanplats Managing Director Dr. Patricia Makhesha (standing); Ivanhoe Chief Financial Officer Marna Cloete (seated); Municipal Technical Director William Nkuna; Acting Municipal Manager Marcus Mthombeni; and Mogalakwena Mayor Andrina Matsemela. (Image from Ivanhoe Mines Ltd.)MOKOPANE, South Africa, May 07, 2018 (GLOBE NEWSWIRE) - Robert Friedland,...Read More
Photo: Agreement signing attended by (from left) Ivanplats Managing Director Dr. Patricia Makhesha (standing); Ivanhoe Chief Financial Officer Marna Cloete (seated); Municipal Technical Director William Nkuna; Acting Municipal Manager Marcus Mthombeni; and Mogalakwena Mayor Andrina Matsemela. (Image from Ivanhoe Mines Ltd.)MOKOPANE, South Africa, May 07, 2018 (GLOBE NEWSWIRE) - Robert Friedland,...Read More
Photo: Agreement signing attended by (from left) Ivanplats Managing Director Dr. Patricia Makhesha (standing); Ivanhoe Chief Financial Officer Marna Cloete (seated); Municipal Technical Director William Nkuna; Acting Municipal Manager Marcus Mthombeni; and Mogalakwena Mayor Andrina Matsemela. (Image from Ivanhoe Mines Ltd.)MOKOPANE, South Africa, May 07, 2018 (GLOBE NEWSWIRE) - Robert Friedland,...Read More