(Reuters) - The Dow Jones Industrial Average added more than 200 points on Thursday as industrial stocks gained after the White House trade adviser sought to play down chances of a trade war due to protectionist policies.President Donald Trump’s tough approach to global trade, including new tariffs on metals imports, will not necessarily provoke retaliation from trading partners, Peter Navar...Read More
CARACAS, March 15 (Reuters) - Gold held by Venezuela'scentral bank fell 14 percent in value in 2017 compared with theprevious year, according to the bank's financial statement.Gold represents just under 70 percent of the bank'sinternational reserves, which at the end of 2017 totaled $9.665billion.The value of Venezuela's monetary gold stood at $6.626billion as of December 2017, according to the mo...Read More
Trade war fears have weighed on the sector, but this pair could bounceIndustrial stocks have taken a hit recently, amid concerns about a global trade war. While Boeing (BA) has been the primary target of speculation about Chinese retaliation, several other stocks in the sector have moved lower in recent sessions. However, if history is any indicator, traders should consider buying the dip on indus...Read More
(Bloomberg) - RioZim Ltd., a Zimbabwean diamond, nickel and gold miner, wants to more than double output of gemstones at its Murowa mine. The problem is the expansion depends on attracting $125 million in investment against a backdrop of high royalties and ownership laws that scare investors.President Emmerson Mnangagwa, who replaced President Robert Mugabe after military intervention in November...Read More
WASHINGTON (Reuters) - The lawmaker behind a landmark congressional torture report on Thursday demanded the release of classified documents on past CIA interrogations before the U.S. Senate considers President Donald Trump’s nomination of Gina Haspel to lead the spy agency.Trump nominated Haspel, the Central Intelligence Agency’s deputy director, on Tuesday to become director. The anno...Read More
(Bloomberg) - U.K. investigators raided the London home of a former investment banker to look for evidence connected with a bribery investigation into mining giant Rio Tinto Group, according to two people with knowledge of the matter.The Serious Fraud Office led the raid on Francois de Combret's home late last year, said the people, who asked not to be named because the details of the probe aren'...Read More
WASHINGTON (Reuters) - The U.S. International Trade Commission said on Thursday it had made a final finding that imports of aluminum foil from China hurt U.S. producers, a move that locks in place hefty duties of up to 188 percent on Chinese exporters.The “final phase” finding came in an anti-dumping and anti-subsidy case brought by the Aluminum Association Trade Enforcement Working Gr...Read More
(Kitco News) - Goldandsilver prices were ending the U.S. day session lower and near their daily lowsThursday. Both futures markets were poised to close at two-week low closestoday. A stronger U.S. dollar on this day and still-keen investor risk appetitearound the globe kept buyers of the safe-haven metals on the sidelines. April Comex gold futures were last down $8.80 an ounce at $1,316.90. May Co...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session lower and near their daily lows Thursday. Both futures markets were poised to close at two-week low closes today. A stronger U.S. dollar on this day and still-keen investor risk appetite around the globe kept buyers of the safe-haven metals on the sidelines. April Comex gold futures were last down $8.80 an ounce at $1,316.90. M...Read More
Tlou Energy Ltd's (LON:TLOU) Tony Gilby updates Proactive's Andrew Scott on the re-tendering process with the government in Botswana.Gilby adds the company is 'critical' to the development of greener energy and energy security in the country.He mentions the company is also looking toward combining some solar energy generation in addition to its gas operations in the country. Meet AusCann Gro...Read More
Pub chain JD Wetherspoon (LON:JDW) is set to reveal it had a solid first half when it publishes its interim results on Friday.In a trading update in January, the company said like-for-like sales rose by 6% and total sales increased 4.3% in the first six months of the year.Thanks to the robust sales growth, Wetherspoon said the year-to-date underlying profit before tax was "slightly ahead" of its e...Read More
Amryt Pharma PLC's (LON:AMYT) Joe Wiley catches up with Proactive to discuss the company's 'major' new licensing deal with University College Dublin for a gene therapy asset.He says the company is seeing encouraging early data and is planning to conduct pre-clinical studies in the coming months. Meet AusCann Group Holdings Ltd, Pacific American Coal Ltd, Kasbah Resources, Hazer Group Ltd and...Read More
(Kitco News)- Gold is truly a gift from the heavens, especially in eastern Russia after gold bars fell from a cargo plane Thursday.According to Russian media reports, about 3 tons of gold fell from a plane and on to the runway as it was taking off in the eastern city of Yakutsk. The gold belonged to Chukotka Mining and Geological Company, a subsidary of Kinross Gold.The cargo plane was carrying a...Read More
STX shares found support just above their 2017 highSubscribers to Schaeffer's Weekend Trader Alert service recently scored a 101% profit with Seagate Technology PLC (NASDAQ:STX) June 48-strike call. We're going to take a look back to see why we were initially bullish on STX when we recommended the call, and how the options trade unfolded. We entered our bullish STX position on Tuesday, Jan. 16, a...Read More
Stocks extended their short-term losses on Wednesday, as they retraced most of last week's Friday's rally. The broad stock market failed to continue its rebound from February 9 low despite technology stocks reaching new record highs. Investors' sentiment worsened again following economic news, trade war fears. There are still two possible future scenarios. Or maybe three, but the third one is the...Read More
MOSCOW, March 15 (Reuters) - Russian billionaire Vladimir Potanin's Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle.Abramovich struck a provisional deal last week that allowed him to sell a 4 percent stake in Norilsk to fellow shareholders Potanin and aluminium producer Rusal,...Read More
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter.Other data on Thursday showed a rise in the prices of imported goods in February amid U.S. dollar weakness, bolstering expectations that inflation will pick up this year. Labor market strength...Read More
SAO PAULO (Reuters) - Mexico and Canada should be ready to continue with a version of the North American Free Trade Agreement (NAFTA) without the United States, the Mexican economy minister said on Thursday.“You have to be ready to live with a NAFTA without the U.S.” Economy Minister Ildefonso Guajardo said at the World Economic Forum on Latin America in Sao Paulo.“NAFTA at risk...Read More
Bango plc's (LON:BGO) Ray Anderson tells Proactive that end-user spending on the company's mobile payments platform has doubled for the third year running.He also says 2017 has seen several international growth deals such as the launch of carrier billing in Japan in partnership with Amazon as well as a collaboration with Amazon and AirTel to launch Amazon Prime Video in India. Meet AusCann G...Read More
MOSCOW, March 15 (Reuters) - Russian diamond producer Alrosa suffered a sharp fall in core profit last year, hit by lower prices for its gems.The world's largest producer of rough diamonds said that earnings before interest, taxation, depreciation and amortisation (EBITDA) fell 28 percent to 126.9 billion roubles ($2.2 billion), broadly meeting analyst expectations, on revenues of 275.4 billion ro...Read More