Morning Market Breakdown, April 19: After a Wednesday full of gains for the TSX, it struggled alongside Wall Street to stay in the green on Thursday.Read full newsRead More
AAPL was one of the biggest contributors to the Dow'slossU.S. stocks finished the day in the red, with chip stocks taking a hit following a weak outlook from Taiwan Semiconductor (TSM). Signs of softer smartphone demand weighed on Apple (AAPL) and its suppliers, with the iPhone maker one of the Dow's biggest decliners today. An ugly earnings reaction for Procter & Gamble (PG) also kept the blue-ch...Read More
(This April 18 story corrects to clarify Jacob Frenkel is chairman of JPMorgan Chase International, not JPMorgan)By Francesco CanepaFRANKFURT (Reuters) - European Central Bank President Mario Draghi has decided to remain a member of an opaque club of top figures in finance despite a watchdog’s call to leave it to protect the ECB’s reputation.The Group of 30 is a private forum of financ...Read More
Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany.The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal, coveted by makers of ba...Read More
LONDON (Reuters) - The chairman of the British charity Save the Children resigned on Thursday, eight months before the end of his term, after the non-profit world was rocked by allegations of sexual misconduct and harassment.Alan Parker, the founder of communications group Brunswick, said in a letter to colleagues that he had resigned from the boards of Save the Children Association and Save the C...Read More
WASHINGTON (Reuters) - Democratic U.S. Senator Heidi Heitkamp said on Thursday she would vote in favor of Republican President Donald Trump’s nominee to be secretary of state, Mike Pompeo, making it likely that the CIA director will be confirmed to take the post.A moderate up for re-election this year in North Dakota, a state Trump won easily in 2016, Heitkamp is the first Senate Democrat to...Read More
Asiamet Resources Ltd (LON:ARS) CEO Peter Bird caught up with Proactive's Andrew Scott while in London to meet with investors.The company remains on track to complete its bankable feasibility study at the BKM copper project by mid-year and to further develop the BKZ Polymetallic project - with a resource estimate expected in the coming weeks. Meet Peninsula Mines Ltd and Silver City Minerals...Read More
Group Eleven's (CVE:ZNG) Bart Jaworski explains Stone Park has 1.3bln pounds of zinc/lead, making it the second largest undeveloped deposit in Ireland.Stone Park though has a 30% higher average grade and is a shallower deposit than the nearby and larger Pallasgreen, the largest deposit in Ireland.The plan now is to grow Stonepark's resources laterally and at depth through drilling and by looking u...Read More
MyCelx Technologies Corporation (LON:MYX) shares rose on Thursday as the clean water technology group announced a new purchase order in Saudi Arabia and the sale of equipment in Australia.The new purchase order is for a three-month extension for the rapid response unit that was placed in February 2018 and was secured in collaboration with one of the company's Saudi waste management partners.As for...Read More
(Kitco News) - Silver’s rally this week could be big enough to trigger a price breakout, according to one market analyst.Silver is having a great week after hitting a 2.5-month high on Wednesday. The following day, prices remained steady, with May Comex silver last at $17.24 an ounce, down 0.08% on the day.“Yesterday’s surge in silver finally sprung it free from the congestion it...Read More
(Kitco News) - Silver’s rally this week could be big enough to trigger a price breakout, according to one market analyst.Silver is having a great week after hitting a 2.5-month high on Wednesday. The following day, prices remained steady, with May Comex silver last at $17.24 an ounce, down 0.08% on the day.“Yesterday’s surge in silver finally sprung it free from the congestion it...Read More
A collar is a relatively low-cost way to hedge your sharesEarnings season is here once again, and investors are understandably more on edge. Earnings create volatility -- and for many shareholders, anxiety. Fortunately, there are several options strategies that allow shareholders to protect their profits. The collar is a low-cost hedging strategy that can help nervous traders sleep peacefully at n...Read More
Softcat PLC's (LON:SCT) CFO Graham Charlton tells Proactive business is booming for the IT equipment supplier.Unashamedly a middleman, Softcat supplies everything small and large organisations need IT-wise and posted sales growth in 22% in the year just ended.Growth should continue says Charlton as heavy investment in sales and technical staff will pay off in the long term.The next big...Read More
Mcx Nickel – Nickel SELL Call 646 given at price 4046.50 CMP 1040.50. Low risk taker book 6.0 Points per lot small Profit. RISK Taker Set SL to Cost and Hold646 : Nickel Tips - SELL Nickel at CMP 1046.50 for Target 1030 - 1020 with SL Above price 1061AFTER POST CONTENT Read More
Matthew Idiens, Chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive's Andrew Scott activity continues apace on the ground in Utah's Paradox basin and they're expecting to drill the first well in the project later this year.It comes after Rose increased its footprint in the Paradox basin, and as it continues to earn into a 75% stake in an 80,000 acre area.Idiens says they've assembled...Read More
LIVE LME INVENTORYINVENTORY DATA STOCK REPORT TODAY : 19/04/2018ALUMINIUM : – 8150COPPER : – 4125LEAD : + 125NICKEL : – 1350TIN : + 85ZINC : – 2250AFTER POST CONTENT Read More
Both QCOM and PM are at risk for downgrades, tooThe U.S. stock market is selling off today, as the 10-year Treasury yield trades near 2.93% -- its highest level since late February. Among individual stocks making big moves lower are pharmaceutical ingredients distributor Aceto Corporation (NASDAQ:ACET), semiconductor firm Qualcomm, Inc. (NASDAQ:QCOM), and tobacco titan Philip Morris International...Read More
Nickel Tips – SELL Nickel at CMP 1046.50 for Target 1030 – 1020 with SL Above price 1061AFTER POST CONTENT Read More
WASHINGTON (Reuters) - The Office of the Inspector General at the U.S. Department of Justice has referred its findings on former FBI Deputy Director Andrew McCabe to the U.S. attorney in Washington for possible criminal prosecution, according to a person familiar with the referral on Thursday.Spokesmen for the Justice Department and its inspector general’s office declined to comment to Reute...Read More
Alastair Riddell, chairman of Feedback plc (LON:FDBK), tells Proactive's Andrew Scott they've merged two of their subsidiaries as part of plans to restructure and simplify the business.Feedback snapped up Cambridge Computed Imaging and TexRAD back in 2014 and both have been operating as wholly-owned subsidiaries ever since.But after a strategic review, CCI is to be renamed as Feedback Medical and...Read More