LONDON (Reuters) - Oil prices edged lower on Friday as the dollar rose, but Brent was still headed for a third week of gains amid supply concerns should the United States reimpose sanctions on Iran.Global benchmark Brent crude futures LCOc1 were down 16 cents at $74.58 a barrel at 1049 GMT. This month, Brent hit highs above $75, a level last seen in late 2014.U.S. West Texas Intermediate (WTI) cru...Read More
WASHINGTON (Reuters) - Emboldened by President Trump’s pledge to loosen laws introduced following the 2007-2009 global financial crisis, U.S. banks are pushing to scrap or revise more than a dozen other lesser-known rules they say are outdated, costly and hurt economic growth.Many would have been revised a decade ago, but changes were shelved during the financial crisis and the fierce politi...Read More
(Reuters) - Colgate-Palmolive Co’s (CL.N) quarterly sales just met analysts’ estimates on Friday as demand in emerging markets including Latin America was below its expectations, sending its shares down 3 percent in premarket trading.Growth in organic sales slowed in the first quarter from the previous quarter, even as the company spent more on advertising and cut prices to spur demand...Read More
LONDON, April 27 (Reuters) - Greece’s government bond yields hit a 2-1/2 month low on Friday after as euro zone finance ministers said they are set to decide in June on the future steps to help Greece successfully end its current bailout programme.“The Eurogroup will decide in June all the elements that can help facilitate the Greek exit from the bailout programme,” Mario Centeno...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
SOFIA (Reuters) - The European Central Bank urged Greece to conclude reforms agreed with its euro zone creditors in time to successfully exit its bailout programme in August.Concluding the last batch of reforms on time was of the “utmost priority for Greece,” ECB board member Benoit Coeure told a news conference in Sofia, the Bulgarian capital.Reporting by Francesco Guarascio; editing...Read More
Although the recent pattern ingold has become ugly, there should be a dead-cat bounce in the metal in thenext couple of days. Gold has been in a consolidation pattern for months andonce again the metal is coming down to the bottom end, which suggests a bounce.Even if gold headed lower, whichis expected, a healthy bounce to $1,330-$1,340 is in the cards. Gold has becomevery oversold the last four t...Read More
Although the recent pattern in gold has become ugly, there should be a dead-cat bounce in the metal in the next couple of days. Gold has been in a consolidation pattern for months and once again the metal is coming down to the bottom end, which suggests a bounce. Even if gold headed lower, which is expected, a healthy bounce to $1,330-$1,340 is in the cards. Gold has become very oversold the last...Read More
(Adds details, quotes, context)MOSCOW, April 27 (Reuters) - Russia’s Rusal will be forced to quit the global aluminium market and focus on domestic consumers if the U.S. does not lift sanctions once an independent board is in place, a source familiar with the matter said.Washington this month imposed sanctions on billionaire Oleg Deripaska and several companies in which he is a large shareho...Read More
TOKYO (Reuters) - Japan’s central bank kept policy unchanged on Friday but ditched a timeframe it had set for hitting its inflation target, in a surprise move analysts say is aimed at keeping market expectations for more stimulus in check.Bank of Japan Governor Haruhiko Kuroda warned of downside risks clouding the price outlook, such as companies’ reluctance to raise wages, underscorin...Read More
SEOUL (Reuters) - The leaders of North and South Korea embraced on Friday after pledging to work for the “complete denuclearisation of the Korean peninsula”, on a day of smiles and handshakes at the first inter-Korean summit in more than a decade.The two Koreas announced they would work with the United States and China this year to declare an official end to the 1950s Korean War and se...Read More
Detour Gold Corp. (TSX: DGC) reports a profitable first quarterand announces revised output guidance for 2018. Net earnings for the firstquarter were $9.9 million, or 6 cents per share, up from $6 million, or 3cents, in the same period a year ago. Adjusted net earnings came to $28.2million, or 16 cents, up from $5 million, or 3 cents. Gold production was157,141 ounces during the first quarter, up...Read More
Canada's Cameco (TSX:CCO) (NYSE:CCJ), the world's largest publicly traded uranium producer, swung back into the black in the first three months of the year thanks to improved prices for the commodity and the company's efforts to lower costs.The Saskatchewan-based miner posted Friday net earnings of $55 million, or 14 cents per share, compared with a loss of $18 million, or 5 cents per share, in t...Read More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
There are several "conventional" methods of trading earnings that most option traders are taught... Sponsored by TheoTradeFour times a year, publicly-listed companies are required to step up to the earnings confessional to announce revenue and earnings per share results for the prior quarter and future projections for growth going forward. These are conducted through prepared press releases and co...Read More
Canada's Centerra Gold said on Tuesday it had received an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (CGH) but that it had informed the London-listed company that it was not interested in the offer.Read full newsRead More
* Gold on track for second weekly fall * Silver set for biggest weekly fall in nearly three months * Platinum hits four-month low (Recasts throughout, updates prices; adds comment, secondbyline NEW YORK to dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, April 27 (Reuters) - Gold edged higher onFriday after the dollar and U.S. Treasury yields backed offhighs, but the prospect of a Korea...Read More
* Aluminium falls as supply fears abate * LME/ShFE arb:* GRAPHIC-2018 asset returns: (Updates with closing prices)By Jan HarveyLONDON, April 27 (Reuters) - Aluminium fell on Friday aftersources said sanctions-hit Russian producer Rusal willoverhaul its management structure to restore shipments, furtherdampening fears of a supply shortfall.The metal was set for its biggest weekly drop in seven year...Read More
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...Read full newsRead More