(Adds total investment, background)By Ehab FaroukCAIRO, Jan 13 (Reuters) - Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent from 4.8 percent previously, the planning minister said on Saturday.Hala al-Saeed said gross domestic product was expected to have grown 5.2 to 5.3 percent in the second quarter that ended in December, adding that...Read More
* IDFC Bank seeks retail lending boost with Capital First buy* IDFC Bank to offer 139 shares for every 10 held in Capital First* Deal at a premium to Capital First's Friday closing price (Adds details, calculated deal value)By Devidutta Tripathy and Suvashree ChoudhuryMUMBAI, Jan 13 (Reuters) - IDFC Bank Ltd , one of India's two newest banks, will acquire non-bank financial firm Capital First Ltd...Read More
MUMBAI, Jan 13 (Reuters) - IDFC Bank Ltd , one of India's two newest banks, said on Saturday its board has approved a takeover of non-bank financial firm Capital First Ltd in a share swap deal.Shareholders in Capital First will receive 139 shares of the bank for every 10 shares held, the lender said in a stock exchange filing. The deal is conditional on central bank and other regulatory approvals....Read More
(Repeats to additional subscribers)MUMBAI, Jan 13 (Reuters) - India's Housing Development Finance Corp Ltd plans to raise about 111 billion rupees ($1.75 billion) from a preferential share sale to investors including affiliates of Singapore state investor GIC and private equity KKR & Co. LP .A committee of directors of the mortgage lender on Saturday approved selling 64.3 million shares at 17...Read More
MUMBAI, Jan 13 (Reuters) - India's Housing Development Finance Corp Ltd plans to raise about 111 billion rupees ($1.75 billion) from a preferential share sale to investors including affiliates of Singapore state investor GIC and private equity KKR & Co. LP .A committee of directors of the mortgage lender on Saturday approved selling 64.3 million shares at 1726.05 rupees a piece to the investor...Read More
JAKARTA, Jan 13 (Reuters) - Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of p...Read More
Iran has violated a UN arms embargo by failing to block supplies to Yemen's Houthi militias ofRead full newsRead More
The yellow metal has been rallying since mid-December on the back of a weak US dollar. Silver and copper are down, while oil is also up.Read full newsRead More
Russian gold producer Arlan plansto have doubled gold output from its mine in 2020, expecting theprice for the precious metal to rise further, the firm'sdirector for development said.Read full newsRead More
TORONTO, Jan. 12, 2018 /PRNewswire/ - Superior Gold Inc. ('Superior Gold' or the 'Company') (TSX.V:SGI) today announced that management will be attending an...Read full newsRead More
On the website of the Colorado-based Newmont mine, the top page reads in bold letters, "Culture of Zero Harm."Read full newsRead More
LONDON, UK / ACCESSWIRE / January 11, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Trevali Mining, Yamana Gold, ...Read full newsRead More
Anaconda Mining Inc:Read full newsRead More
Investor expectations increase for Fed rate hike in MarchRetail sales data indicate robust holiday-shopping seasonSteven Ricchiuto, of Mizuho Securities, discusses U.S. inflation unexpectedly accelerating in December.The underlying pace of U.S. inflation unexpectedly accelerated in December amid increased housing costs, reinforcing the outlook for the Federal Reserve to raise interest rates severa...Read More
U.S. Inflation Unexpectedly Picks Up in DecemberU.S. retail sales increased in December for a fourth month, indicating strong consumer demand throughout the holiday season, according to Commerce Department figures released Friday.Highlights of Retail Sales (December)Overall sales rose 0.4% (est. 0.5%) after a revised 0.9% November gain (prev. 0.8%)Sales excluding motor-vehicle dealers also increas...Read More
ProphetsCryptocurrencies Steal Volatility Away From StocksEarnings drive fluctuations in equities, but there are no such yardsticks for bitcoin -- only the waxing and waning of enthusiasm for a potentially revolutionary asset class.by Dean CurnuttMore stories by Dean CurnuttRead More
Adam HamiltonArchivesJan 12, 2018 The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold in...Read More
(Kitco News) While the gold market has its issues, it still surpasses bitcoin in may ways, according to a veteran trader. "Bitcoin has no intrinsic value," said Carley Garner, president of DeCarley Trading, in an interview with Kitco News, "Bitcoin is more of an idea than an asset at this point, in my opinion." Turning to gold, Garner said the yellow metal has room to move $30 higher due to seaso...Read More
Stocks traded higher Friday, Jan. 12, and the three major equity indexes reached intraday records as big U.S. banks kicked off the fourth-quarter earnings season. The Dow Jones Industrial Average rose 187 points, or 0.73%, the S&P 500 rose 0.52%, and the Nasdaq gained 0.48%. Leading the Dow higher were Home Depot Inc. (HD) , Merck & Co. (MRK) and Boeing Co. (BA) . JPMorgan &...Read More
U.S. stocks looked set to test further record highs Friday as corporate earnings surprised to the upside and helped lift markets to their best start to a year in at least three decades. Futures contracts tied to the Dow Jones Industrial Average gained around 100 points from their record close Thursday, indicating fresh all-time highs for the benchmark at the opening bell following stronger-than-...Read More