Ontario is helping communities create jobs and boost economic growth by supporting projects that will revitalize, expand and increase accessibility in the province's Northern tourism sector.Bill Mauro, MPP for Thunder Bay-Atikokan, was in Thunder Bay today on behalf of Michael Gravelle, Minister of Northern Development and Mines, to announce new provincial funding for tourism projects across the N...Read More
SYDNEY, April 19 (Reuters) - Australia's South32 Ltd , the world No. 1 manganese producer, on Thursday raised its output guidance for the steelmaking ingredient amid strong demand and high prices related to U.S. sanctions against Russia, sending its shares to an all-time high.The company, spun off from mining giant BHP Billiton Ltd in 2015, said Australian manganese output rose nearly a sixth in t...Read More
Upgrades could push the shares even higherAmerican Express (NYSE:AXP) stock is up 6.6% to trade at $101.44, the top Dow stock out of the gate, after the blue chip reported first-quarter earnings and revenue that surpassed analyst expectations. The company attributed the upbeat numbers to a record high investment in credit-card rewards and a healthy economy that spurred higher customer spending. In...Read More
BERLIN (Reuters) - Chancellor Angela Merkel called for a spirit of compromise on reforming the euro zone at a meeting on Thursday with French President Emmanuel Macron, who pressed for solidarity among members of the currency union.Before starting talks, the two leaders said they would present a united front at June meeting of European Union leaders on reforming the 19-member euro zone, which Merk...Read More
AMD is falling in sync with other semiconductor stocksChip concern Advanced Micro Devices, Inc. (NASDAQ:AMD) has dropped in early trading after receiving a price-target cut from Barclays to $9 from $10. AMD is far from the only tech issue trading lower this morning, however, as a weak outlook from Taiwan Semiconductor Manufacturing (TSM) is weighing on a number of high-profile names, including Ap...Read More
SHANGHAI, April 19 (Reuters) - Pilbara Minerals Ltd aims to ship the first cargo of spodumene concentrate from its Pilgangoora lithium-tantalum development in Australia to China in August, its managing director said on Thursday.Spodumene is a mineral mined as a source of lithium, a key ingredient in electric vehicle batteries, for which China is the world's biggest market."We haven't made any prom...Read More
Mr. Derek White reportsOTC MARKETS GROUP WELCOMES ASCOT RESOURCES LTD. TO OTCQX Ascot Resources Ltd. has qualified to trade on the OTCQX Best Market.Ascot upgraded to the OTCQX from the Pink Market (formerly ASOLF). Ascot begins trading on the OTCQX Best Market on April 19, 2018, under the symbol AOTVF.U.S. investors can find current financial disclosure and real-time Level 2 quotes for Ascot on...Read More
Mr. Derek White reportsOTC MARKETS GROUP WELCOMES ASCOT RESOURCES LTD. TO OTCQX Ascot Resources Ltd. has qualified to trade on the OTCQX Best Market.Ascot upgraded to the OTCQX from the Pink Market (formerly ASOLF). Ascot begins trading on the OTCQX Best Market on April 19, 2018, under the symbol AOTVF.U.S. investors can find current financial disclosure and real-time Level 2 quotes for Ascot on...Read More
(Kitco News) - First Majestic SilverCorp. (NYSE: AG; TSX: FR) reported Thursdaythat silver-equivalent output eased in the first quarter, but silver output isexpected to rise this year, with most of the increase in the second half.The companysaid its six operating silver mines churned out 3.9 million silver-equivalentounces. Total production consisted of 2.2 million ounces of silver, 15,887ou...Read More
Joyce Lee, Stephanie NebehaySEOUL/GENEVA (Reuters) - North Korea has expressed its commitment to “complete denuclearisation” of the Korean peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain “maximum pressure” on Pyongyang.Moon said big-picture agreements about denuclearisation, establishing a...Read More
(Kitco News) - First Majestic Silver Corp. (NYSE: AG; TSX: FR) reported Thursday that silver-equivalent output eased in the first quarter, but silver output is expected to rise this year, with most of the increase in the second half.The company said its six operating silver mines churned out 3.9 million silver-equivalent ounces. Total production consisted of 2.2 million ounces of silver, 15,...Read More
(Reuters) - U.S. stock index futures edged lower on Thursday, as the effect of higher oil prices was offset by declines in chipmakers, following a weak forecast from Taiwan Semiconductor, the world’s largest contract chipmaker.Shares of Apple (AAPL.O) were also off 1.3 percent in premarket trading. Brokerage Mizuho Securities USA said weak demand for iPhone 8 models could dent the company&rs...Read More
BEIJING (Reuters) - China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country’s reliance on imported chips.Senior Chinese officials have held meetings this week with industry bodies, regulators and the country’s powerful chip f...Read More
Oil prices, on the other hand, continue to riseDow Jones Industrial Average (DJI) futures are below fair value, pressured by a negative earnings reaction for Procter & Gamble (PG) and pre-market downside for Apple (AAPL). Shares of the iPhone maker are 1.8% lower ahead of the bell, after Taiwan Semiconductor (TSM) pointed to weak smartphone demand in its dreary full-year revenue forecast. TSM also...Read More
BloombergSunoco Inc.'s Philadelphia refinery sits on the banks of the Schuylkill River. The numbers: The Philadelphia Fed's manufacturing index edged up 1 point to 23.2 in April. Any reading above zero indicates expansion. Economists at Econoday were looking for a reading of 20.1. The index for future activity dropped to 40.7 in April from 47.9 in March. Any reading above zero indicates improvin...Read More
SEMAFO Inc.(TSX, OMX: SMF) says that construction of the Boungou Mine in BurkinaFaso is 91% complete. Officials say commissioning activities are advancingwell, with 10% already completed at the end of March, with the crushing circuitequipment and water services tested and commissioned. The reclaim and grindingcircuits, reagent and oxygen plants are also undergoing testing. “We are stillin li...Read More
LONDON (Reuters) - Takeda Pharmaceutical (4502.T) has made a bid for Shire (SHP.L) that values the London-listed drugmaker at around $61 billion, two sources with direct knowledge of the matter told Reuters.The Japanese company’s indicative cash-and-stock takeover proposal is worth about 46.50 pounds per share, the sources said.The moves comes ahead of an April 25 deadline for Takeda to make...Read More
(Reuters) - Procter & Gamble Co (PG.N) reported better-than-expected quarterly results on Thursday, boosted by strong demand for skincare products Olay and SK-II, as well as fabric and home care products such as Febreze.Earlier in the day, P&G agreed to buy the consumer health business of Merck KGaA (MRCG.DE) for about 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seve...Read More
LONDON (Reuters) - The euro briefly flirted with $1.24 on Thursday but a rise in long-term U.S. bond yields supported the dollar and pushed the single currency further back into its recent trading range.Given the scale of gains in the 10-year Treasury note yield US10YT=RR, which climbed more than 5 basis points overnight for its biggest one-day surge since March 2, the dollar’s strength was...Read More
LONDON, April 19 (Reuters) - Acacia Mining on Thursday posted a fall in first quarter earnings after reducing operations at its flagship gold mine but stuck to its full-year production and costs targets.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the three months to March 31 fell to $44 million from $82 million a year earlier.Acacia, a unit of Canada's Barr...Read More