WASHINGTON (Reuters) - A top U.S. general on Tuesday signaled support for the Iran nuclear deal, saying the agreement, which President Donald Trump has threatened to withdraw from, has played an important role in addressing Iran’s nuclear program.“The JCPOA addresses one of the principle threats that we deal with from Iran, so if the JCPOA goes away then we will have to have another wa...Read More
Things have been looking up a bit of late for Morrisons, which presents its full-year results on Wednesday.The supermarket chain had a strong finish to 2017 and it came out on top alongside market leader Tesco PLC (LON:TSCO) in the latest industry sales figures.Analysts at Jefferies predict sales in 2017 rose by 4% to ?16.3bn and pre-tax profit climbed by 8% to ?366mln.Jefferies recently upgrade...Read More
WASHINGTON (Reuters) - U.S. consumer prices increased marginally in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation likely will be only gradual.Strong inflation numbers in January had sparked fears that price pressures were accelerating, leading financial markets to expect a more aggressi...Read More
(Kitco News) - Gold prices wereending the U.S. day session with moderate gains early Tuesday afternoon. Theprecious metals saw some safe-haven demand due to increasing concerns aboutturmoil in the Trump administration. A lower U.S. dollar index on this day alsoworked in favor of the metals bulls. April Comex gold futures were last up $5.70an ounce at $1,326.50. May Comex silver was last up $0.069...Read More
Richard Wolanski, CFO at Avation PLC (LON:AVAP), caught up with Proactive following the release of their first half update.The fleet is now worth over US$1bn following a spate of purchases in December.Avation started to re-jig its portfolio last June when it sold six ATR turbo-prop planes, which it replaced with its first twin-aisled jet (a Boeing 777-300ER) and three others in December.Four new a...Read More
(Kitco News) - Gold prices were ending the U.S. day session with moderate gains early Tuesday afternoon. The precious metals saw some safe-haven demand due to increasing concerns about turmoil in the Trump administration. A lower U.S. dollar index on this day also worked in favor of the metals bulls. April Comex gold futures were last up $5.70 an ounce at $1,326.50. May Comex silver was last up $0...Read More
John Nichols, chief executive of H & T Group PLC (LON:HAT), tells Proactive a booming personal loan book and strong sales of luxury second-hand watches and jewellery last year helped to lift the pawnbroker.Group profits jumped 45% to ?14.1mln in 2107, helped by a near doubling of personal lending to ?18.3mln while average impairment charges were also lower. Meet AusCann Group Holdings...Read More
It was 1987. Nobody was putting Baby in the corner. The rhythm was gonna get you. And stocks took the biggest single-day dive ever. On Oct. 19, the Dow Jones Industrial Average DJIA, -0.68% slid 508 points to 1,783 for a historic 22.6% loss. So you can imagine the panic investors endured at the time-enough to earn the name "Black Monday." What triggered the crash? Even in hindsight, it's hard t...Read More
Deep Green Resources (DPG), a seafloor mining start-up partnering with Maersk, the world's largest container shipping company, is about to launch a six-week cruise on April 12-14 from San Diego CA to an area of the Pacific Ocean where it will begin a process that it hopes and fully expects will solve the problem of how to mine the minerals and metals essential for a cleaner, greener world in a fa...Read More
Deep Green Resources (DPG), a seafloor mining start-up partnering with Maersk, the world's largest container shipping company, is about to launch a six-week cruise on April 12-14 from San Diego CA to an area of the Pacific Ocean where it will begin a process that it hopes and fully expects will solve the problem of how to mine the minerals and metals essential for a cleaner, greener world in a fa...Read More
Yelp Inc (NYSE:YELP) shares gapped lower in early February, as traders reacted to a disappointing sales forecast. However, the stock last week took out its pre-earnings close -- a pattern that's led to short-term gains this year. In addition, YELP muscled north of a trendline that connected lower highs since November, and retook the $45 level -- triple its initial public offering (IPO) price and t...Read More
FireEye Inc (NASDAQ:FEYE) stock has been on a tear lately, racing to a two-year high of $18.29 last Thursday. If past is precedent, the software name could be gearing up for an even bigger move in the coming months. FireEye stock is down 1.2% today to trade at $17.59, pulling back after logging a fifth straight weekly win. The shares have tacked on 25% in 2018, guided higher by their rising 10-...Read More
LONDON (Reuters) - Sterling rose to a two-week high on Tuesday as the dollar sold off after data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson.As the dollar began its sell-off, British Finance Minister Philip Hammond gave his half-yearly economic update on the economy.Hammond upgraded his growth forecasts...Read More
LONDON (Reuters) - Saudi Arabia’s proposals of new metrics to determine when the oil market is balanced signals a shift in OPEC’s targets for a pact on supply cuts that has almost achieved the initial aim of reducing bloated inventories.The Organization of the Petroleum Exporting Countries, Russia and nine other producers cut output from January 2017 by 1.8 million barrels per day (bpd...Read More
After starting the day roughly 200 points higher,the Dow Jones Industrial Average (DJI) has pared most of its gains, as traders react to the firing of Secretary of State Rex Tillerson. President Trump nominated CIA Director Mike Pompeo as Tillerson's replacement, and named Gina Haspel the new leader of the spy agency. Meanwhile, despite easing concerns about inflation, the S&P 500 Index (SPX) and...Read More
Interviewed by Vasudha Sharma Kate Hiscox, President of Venzee Technologies Inc. (TSX-V: VENZ) was interviewed by Vasudha Sharma, reporter for SmallCapPower about certain challenges in the retail industry along with a solution from Venzee's technology and a sensational 2018.Vasudha Sharma:Can you give us a example on how your products works?Kate Hiscox:We're starting to work with major retailer...Read More
NEW YORK (Reuters) - A measure of stress in U.S. dollar funding is expected to intensify into the end of first quarter due to a rising supply of Treasury bills and maturing short-term bank debt, Bank of America Merrill Lynch analysts said on Tuesday.The spread on the three-month London interbank offered rate (LIBOR) and three-month overnight indexed swap rate may widen to 50 basis points before gr...Read More
(Reuters) - Wall Street’s main indexes rose on Tuesday as fears of faster interest rate hikes eased after a tepid U.S. consumer prices data and investors shrugged off news of U.S. Secretary of State Rex Tillerson’s ouster.U.S. President Donald Trump fired Tillerson on Tuesday after a series of public rifts over issues including North Korea and Russia, replacing his chief diplomat with...Read More
MOSCOW, March 13 (Reuters) - Russia-focused fertiliser producer Eurochem said it has produced its first potash at its new $2 billion Usolskiy plant in Russia.The project may intensify competition among suppliers of the crop nutrient in the region, traditionally dominated by Russia's monopoly producer Uralkali and Belarusian miner Belaruskali.Privately-held Eurochem, one of the world's largest prod...Read More
• Reviving USD demand prompts some fresh selling on Tuesday. • Rising US bond yields offset cautious sentiment in European markets. • Focus remains on the key US CPI data. Gold maintained its offered tone through the mid-European session and now seems to have entered a bearish consolidation phase. Currently placed at...Read More