LUANDA (Reuters) - Angola has offered investors diamond exploration licenses that previously belonged to Isabel dos Santos, daughter of the former president, according to a video clip of a closed-door meeting with mining companies seen by Reuters.During the meeting at a mining conference in Cape Town last month, president of state diamond company Endiama, Jos?(C) Manuel Ganga J??nior, said the lic...Read More
Shares of McDonald's Corporation (NYSE:MCD) are down 4.1% this morning at $149.31, as they continue to pull back from their Jan. 29 record high of $178.70. Sparking today's sell-off is a price-target cut to $170 from $190 at RBC, which cited lackluster early sales data for the fast food company's new dollar menu. As such, MCD stock is pacing for its lowest weekly settlement since May, down 8.1% fo...Read More
* Trump's tariff plan on steel risks trade war* Rand falls more than 1 pct* Naspers falls in line with China's Tencent (Adds stocks, updates levels)JOHANNESBURG, March 2 (Reuters) - South African marketsweakened on Friday as investors dropped riskier assets for saferinvestments on the back of the threat of a global trade warsparked by U.S. President Donald Trump's tariff plan on steel.Trump's plan...Read More
Among the stocks moving after earnings are retailers J C Penney Company Inc (NYSE:JCP) and Foot Locker, Inc. (NYSE:FL). Both companies reported lackluster same-store sales, much to the delight of remaining shorts. Below, we will take a look at how the clothing and footwear concerns are faring on the charts.JCP Plummets on Profit ForecastShares of J C Penney stock are trading lower, after the comp...Read More
Mining Capital's Alastair Ford discusses plans by US President Donald Trump to introduce tariffs on steel and aluminium imports.''There's quite a lot of plates spinning in this equation'', Ford says.''Trump's really playing to his core audience here .. he's got a lot of voters in the industrial heartlands that have suffered from anti-competitive dumping practises from the Chinese''.''If these tari...Read More
* Canadian dollar at C$1.2874, or 77.68 U.S. cents* Loonie touches its weakest since Dec. 19 at C$1.2897* Bond prices lower across the yield curve* 10-year yield touches lowest intraday since Jan. 17 By Fergal SmithTORONTO, March 2 (Reuters) - The Canadian dollar weakenedagainst its U.S. counterpart on Friday, adding to 10-week lowsas data showed slower-than-expected growth in the domesticeconomy...Read More
Mr. Stephen Nano reports MIRASOL UPGRADES RESOLUTION TREND AND IDENTIFIES NEW VITTORIA VEIN TREND AT THE NICO SILVER GOLD PROJECT, SANTA CRUZ, ARGENTINA Mirasol Resources Ltd. has made significant developments at the company's 100-per-cent-owned Nico project, Santa Cruz province, Argentina, including: The receipt of additional gold-silver rock chip assay results which upgrade the Resolution Trend...Read More
Mr. Stephen Nano reports MIRASOL UPGRADES RESOLUTION TREND AND IDENTIFIES NEW VITTORIA VEIN TREND AT THE NICO SILVER GOLD PROJECT, SANTA CRUZ, ARGENTINA Mirasol Resources Ltd. has made significant developments at the company's 100-per-cent-owned Nico project, Santa Cruz province, Argentina, including: The receipt of additional gold-silver rock chip assay results which upgrade the Resolution Trend...Read More
OSLO, March 2 (Reuters) - Norway's central bank has awarded9.5 billion Norwegian crowns($1.21 billion) in an F-depositfor March 2-7, with a highest rate of 0.50 percent, it said onFriday.Overall demand in the auction was for 16.5 billion crowns.Allocation at the highest rate was 32 percent, the centralbank added.($1 = 7.8205 Norwegian crowns) (Reporting by Oslo newsroom) Messaging: camilla.knudsen...Read More
Caterpillar Inc. (NYSE:CAT) stock is lower today with the broader market,despite bullish attention from Morgan Stanley. Specifically, analysts there initiated coverage on the Dow component with an "overweight" rating and price target of $185, a 20% increase from the shares' current perch of $147.79.Caterpillar stock carved out an impressive channel of higher highs in 2017 that culminated in a rec...Read More
Chile, the world's No. 1 copper producer and one of the top lithium suppliers, is expected to attract about $60 billion in new mines and expansions over the next 20 years, the country's minister of mining says.According to Aurora Williams, miners with operations in the country currently spend $15 billion on support services a year, so the government has set an ambitious goal of helping locals to...Read More
Chile, the world's No. 1 copper producer and one of the top lithium suppliers, is expected to attract about $60 billion in new mines and expansions over the next 20 years, the country's minister of mining says.According to Aurora Williams, miners with operations in the country currently spend $15 billion on support services a year, so the government has set an ambitious goal of helping locals to...Read More
Mr. Jim Payne reportsDYNACERT PROVIDES INDIA, EUROPE AND CORPORATE UPDATEDynaCERT Inc. has provided the following update.Testing by Automotive Research Association of IndiaThe India trucking industry participants realize that there is a potential performance difference between testing and use of the HydraGEN technology in North America as compared with the environmental and operational conditions...Read More
Mr. Jim Payne reportsDYNACERT PROVIDES INDIA, EUROPE AND CORPORATE UPDATEDynaCERT Inc. has provided the following update.Testing by Automotive Research Association of IndiaThe India trucking industry participants realize that there is a potential performance difference between testing and use of the HydraGEN technology in North America as compared with the environmental and operational conditions...Read More
• Struggles to build on overnight recovery move. • Risk-off mood/weaker USD lending support. • Fed rate hike expectations seemed to cap gains. Gold struggled to build on overnight sharp recovery move from 2-month lows and seesawed between tepid gains/minor losses, within a narrow trading range below $1320 level. A combinat...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Next w...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Next w...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.The in...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Standa...Read More
Futures are signaling another negative session for U.S. stocks, following yesterday's third straight drop of at least 1% for the Dow Jones Industrial Average (DJI) -- the longest such stretch since January 2016. After President Donald Trump announced plans to impose new steel and aluminum tariffs, he tweeted, "When a country (USA) is losing many billions of dollars on trade with virtually every co...Read More