(Bloomberg Gadfly) - If you're looking to sell something, it's a good idea not to look too desperate.Rio Tinto Group's Australian and New Zealand aluminum smelters have been on the block, on and off, for the past six years or so. The business, dubbed Pacific Aluminium, has got a for-sale sticker on it again: Rio Tinto has hired UBS AG to explore a possible initial public offering on the Austr...Read More
BRUSSELS (Reuters) - Britain and the European Union agreed on Monday to a transition period to avoid a “cliff edge” Brexit next year - though only after London accepted a potential solution for the border with the Irish Republic that may face stiff opposition at home.The pound surged on confirmation that Britain would remain effectively a non-voting EU member for 21 months until the en...Read More
• USD selling reemerges and helps regain some traction. • Reviving safe-haven demand provides an additional boost. • Fed rate hike expectations seemed to cap additional gains. Gold has managed to recover early lost ground to over two-week lows and is currently placed at the top end of its daily trading range. A fresh...Read More
Analysts expect TSLA to fall more than 30% A nasty sell-off in tech stocks is dominating U.S. markets today. Among individual names making notable moves are electric automaker Tesla Inc (NASDAQ:TSLA), drug stock Heron Therapeutics Inc (NASDAQ:HRTX), and software issue Micro Focus International (NYSE:MFGP). Here's a quick look at what's driving shares of TSLA, HRTX, and MFGP. TSLA Stock Breaches...Read More
Alastair Clayton, executive director of Primorus Investments PLC (LON:PRIM), tells Proactive's Andrew Scott his mission is to fund small companies, from a wide range of industries, in a way that's relatively absent in the London market.''We've got a lot of very frustrated CEOs and management teams, companies looking to grow their business and they can't find any pure equity''.''We only have one re...Read More
TODAY ALUMINIUM TIPSToday Aluminium Tips – BUY Aluminium at CMP 134.15 for Target Level 135.55 with SL below price level 133.25. RISK taker trade 2 lotsAFTER POST CONTENT Read More
All three financial stocks sport attractively priced optionsBank stocks could be in focus this week, with the Fed expected to raise interest rates at its meeting. Ahead of the event, a pair of American financial stocks are flashing "buy" signals: Huntington Bancshares Incorporated (NASDAQ:HBAN) and Zions Bancorp (NASDAQ:ZION). What's more, British-backed financial concern Royal Bank of Scotland Gr...Read More
Stocks extended their short-term consolidation on Friday, as investors continued to hesitate following Tuesday-Wednesday move down. The broad stock market failed to continue its rebound from February 9 low last week despite technology stocks reaching new record highs. There are still two possible future scenarios. Or maybe three, but the third one is the worst.The U.S. stock market indexes were mi...Read More
VANCOUVER, British Columbia, March 19, 2018 (GLOBE NEWSWIRE) - Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX:LUG) (Nasdaq Stockholm:LUG) is pleased to announce that it has obtained the approval of and registration with the Swedish Financial Supervisory Authority (the "FSA") of a listing prospectus (the "Swedish Prospectus") for 93,497,140 common shares under the private placement announ...Read More
March 19, 2018John Lee, CFAAt $14.2/lb, vanadium pentoxide's price is up 55% in 2108 and up 280% from the 2017 low of $5/lbVanadium is used in both the cathodes and the anodes of utility grid scale flow batteries that supercharge wind and solar farmsThe global vanadium supply, which is mostly Chinese, will be limited in coming years due to Chinese environmental restrictionsWith a low global inve...Read More
(Reuters) - U.S. stocks slid about 1 percent on Monday, with volatility spiking, as Facebook’s shares sank after reports that its user data was misused led to concerns over broader privacy violations and sparked a selloff in technology stocks.Facebook shares 6 percent and were on track for their worst day in more than three years on reports that a political consultancy that worked on Preside...Read More
Glacier Lake Resources Inc. (TSXV:GLI) ("Glacier" or the"Company") is pleased to announce that it has completed its non-brokered private placement of units (each, a "Unit") at a price of $0.06 per Unit.The placement was oversubscribed and on closing the Company issued 8,843,175 Units for gross proceeds of $530,590.50.Read full newsRead More
WASHINGTON (Reuters) - White House lawyer Ty Cobb said on Sunday that President Donald Trump was not considering or discussing firing Special Counsel Robert Mueller.Cobb’s statement came after Trump earlier in the day criticized Mueller’s probe into Russian meddling in the 2016 presidential election.“In response to media speculation and related questions being posed to the admini...Read More
(Kitco News) - Gold prices weremoderately higher in early-afternoon trading Monday, boosted by a drop in theU.S. dollar index and the U.S. stock market. Gold had seen modest losses inovernight trading, based on some technical selling. April Comex gold futureswere last up $6.00 an ounce at $1,318.30.May Comex silver was last up $0.043at $16.315 an ounce.Worldstock markets were mostly lower Monday....Read More
(Kitco News) - Gold prices were moderately higher in early-afternoon trading Monday, boosted by a drop in the U.S. dollar index and the U.S. stock market. Gold had seen modest losses in overnight trading, based on some technical selling. April Comex gold futures were last up $6.00 an ounce at $1,318.30.May Comex silver was last up $0.043 at $16.315 an ounce.World stock markets were mostly lower Mo...Read More
February UK inflation numbers will be the centre of attention on Tuesday as traders seek clues for when the next Bank of England interest rate hike could be forthcoming ahead of its latest Monetary Policy decision on Thursday.The UK consumer price index has stayed stubbornly high over the past few months, having been widely predicted to fall back towards the end of last year.Instead inflation rose...Read More
By Paul ZimniskyThe discount of gem-quality lab-created diamonds, manufactured for use in jewelry, relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today, according to a survey of prices.For example, a white, 1-carat round diamond that is VS (very-slightly included) in clarity, F-H (near-colorless to colorless) in color, VG-ideal cut, with no-to-low florescence was selling...Read More
(Kitco News)- Gold fever has hit Pennsylvania following news that the FBI,following a tip from a treasure hunting group, scoured the state land over theweekend looking for lost civil war gold bullion.According to reports, dozens of federal agents and membersof the treasure-hunting group Finders Keepers were trekking through the forestnear Dents Run, four hours northeast of Pittsburg, looking for u...Read More
(Bloomberg) - Turns out, it may be easier to strike gold by growing green.Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup public, advisers suggested partnering with Newstrike Resources Inc., a Toronto-based firm that h...Read More
BEIJING (Reuters) - China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt build-up that may pose systemic risks to the world’s second-largest economy.The endorsement of Liu He as a vice premier by the country’s largely rubber-stamp parliament also comes as the United States pres...Read More