Global Ports Holdings PLC (LON:GPH) shares jumped 10.2% higher to 435p in late afternoon trading as the world's latest cruise ports operator reported a loss in 2017, but said it expects single-digit growth in revenue and adjusted earnings in 2018.The company - which listed in London last May - swung to a pre-tax loss of US$10.5mln for 2017, from a profit of US$5.3mln in the prior year,...Read More
Hyperinflation is the most prominent factor that makes Venezuela the most miserable country in the world, according to the latest finding from famed economist Steve Hanke.In the latest update of his Misery Index, Hanke, economist at Johns Hopkins University, ranked 98 countries in terms of happiness in relation to their economic conditions."In the sphere of economics, misery tends to flow from hi...Read More
It's been a volatile day for stocks, with the Dow exploring a 282-point range on both sides of breakeven, but lower at last check. Among individual names making notable moves are semiconductor stock Micron Technology, Inc. (NASDAQ:MU), financial giant Goldman Sachs Group Inc (NYSE:GS), and biotech Merrimack Pharmaceuticals Inc (NASDAQ:MACK). Here's a quick look at how shares of MU, GS, and MACK ar...Read More
Gold prices finished modestly lower on Monday, giving back the gains seen in the previous session as investors await U.S. consumer-price index data due Tuesday for the latest clue on the pace of Federal Reserve interest-rate hikes. Global risk-on sentiment, including some gains in the U.S. stock market in early Monday trading, seen after Friday's U.S. jobs report contributed to losses for the yell...Read More
Footwear concern DSW Inc. (NYSE:DSW) is expected to report its fourth-quarter earnings tomorrow before market open. DSW has shed 5.6% year-over-year, and has been trading below newfound resistance of the 50-day moving average since late January. Shares of DSW were last seen up 2.4% at $19.54. History suggests DSW could continue this positive price action tomorrow, considering the stock has had a...Read More
Rock sampling at the Double Event prospect owned by Papua Mining PLC (LON: PML) has delivered high grade gold results.Chief executive David Price says approximately 25% of all rock samples returned assays at above 10 grams per tonne gold.Papua's now planning a reverse circulation drilling campaign to follow up on this work. Meet AusCann Group Holdings Ltd, Pacific American Coal Ltd, Kasbah R...Read More
Asante Gold Corporation (CSE:ASE) (FRANKFURT:1A9) (OTC:ASGOF) ("Asante Gold" or the "Company") announces that it has appointed Kevin Thomson as a consultant and advisor to the Board of Directors.Read full newsRead More
Ely Gold Royalties Inc. (TSXV: ELY) (OTC Pink: ELYGF) ('Ely Gold' or the 'Company') through its wholly owned subsidiary, Nevada Select Royalty, Inc ('Nevada Select') is pleased to announce that it has entered into a definitive purchase agreement with Gold Resource Corporation (NYSE MKT: GORO) 'Gold Resource' whereby Gold Resource has acquired a 100% interest...Read More
Retail earnings have been in the spotlight in recent weeks, and Dick's Sporting Goods, Inc. (NYSE:DKS) is next to take the mic, with its results slated for release before tomorrow's open. Ahead of the event, DKS stock was trading up 2.8% at $32.77, but the shares are running into potential technical resistance, and given their history of negative earnings reactions, today's rally could be short-li...Read More
Ontario is helping Thunder Bay area farmers improve their agricultural land, diversify crops and expand their businesses.Bill Mauro, MPP for Thunder Bay-Atikokan, was in Thunder Bay today to announce funding through the Northern Ontario Heritage Fund Corporation (NOHFC) to install tile drainage on 1,390 acres of land and to undertake land clearing on 354 acres, a project led by the Thunder Bay Ag...Read More
(Kitco News)- Goldand silver prices were ending the U.S. day session modestly weaker Monday. Keenerrisk appetite in the world marketplace at present is keeping the buyers of thesafe-metals squelched. A weaker U.S. dollar index today did allow gold andsilver to move off of their daily lows that were scored in early dealings. AprilComex gold futures were last down $3.90 an ounce at $1,320.20. May Co...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session modestly weaker Monday. Keener risk appetite in the world marketplace at present is keeping the buyers of the safe-metals squelched. A weaker U.S. dollar index today did allow gold and silver to move off of their daily lows that were scored in early dealings. April Comex gold futures were last down $3.90 an ounce at $1,320.20....Read More
WARSAW, March 12 (Reuters) - JSW, the European Union's biggest coking coal producer, said on Monday its 2017 net profit jumped to 2.54 billion zlotys ($745.31 million) from 6.7 million zlotys a year earlier, driven by a 65 percent rise in the average coking coal price.Analysts polled by Reuters had expected state-run JSW to report a net profit of 2.41 billion zlotys for 2017 and 620 million zlotys...Read More
No real surprises are expected from the UK's first-ever Spring Statement, with the Budget now pushed back to the autumn, after the Chancellor of the Exchequer, Philip Hammond announced changes to the age-old economic tradition last November.As he trailed in interviews last weekend, Hammond is expected to keep austerity alive in the statement amid an uncertain UK economic outlook.The statement is,...Read More
LONDON (LPC) - Senior participants are warning that today's market could be as good as it gets, despite a robust global economic backdrop and buoyant mood in the private equity and leveraged loan markets.Comparisons to 2007's pre-crisis conditions are becoming more common and industry figures are debating whether today's robust conditions constitute a bubble, as purchase prices rise, jumbo buyouts...Read More
MONTREAL (Reuters) - Canadian Prime Minister Justin Trudeau on Monday kicked off a tour of the nation's steel and aluminum regions to reassure workers worried that the United States could still introduce tariffs on the imports of the metals.Trudeau's first stop was the province of Quebec, the heart of Canada's aluminum industry, where he will be accompanied by Quebec Premier Philippe Couillard. He...Read More
On Monday copper for delivery in May declined nearly 1% on the Comex market in New York at $3.1095 per pound or $6,855 a tonne amid a general weakness on commodity and financial markets gripped by uncertainty surrounding the Trump administration's trade policies and the strength of demand from China, the globe's number one metals consumer.That's a 2.4 billion pound or $7.6 billion decline from rec...Read More
Francois Martelet, chief executive of NetScientific PLC (LON:NSCI), tells Proactive's Andrew Scott they're starting 2018 in a very strong position.''Out of our five companies, three of them are at an early commercial stage''.As far the broader strategic plan for 2018, he says the main focus is to continue helping the current portfolio to mature'We're also looking at having new investors and the se...Read More
Facebook Inc (NASDAQ:FB) was in the news recently, after inking an exclusive streaming partnership with Major League Baseball last week. Also making headlinesis Microsoft Corporation (NASDAQ:MSFT), in focus after Deutsche Bank raised its price target to $120 from $115. Meanwhile, options volume for both big-cap tech stocks has been hot in recent weeks.Both FB and MSFT stocks landed on Schaeffer's...Read More
Last week's other top-performing resource stocks on the TSX were Nickel Creek Platinum, Alexco Resource, Sherritt International Mining and Red Eagle Mining.Read full newsRead More