Recent News

BATM Advanced Communications expecting continued strong growth in cyber and networking

February 19, 2018 / www.proactiveinvestors.co.uk

Zvi Marom, chief executive of BATM Advanced Communications Limited (LON:BVC), tells Proactive they're now reaping the rewards of sustained investment and product launches.A strong second half performance in 2017's prompted them to advise the market to raise its expectations in terms of revenue and underlying earnings (EBITDA).The group said it expects revenue for 2017 to be around US$106mln, which...Read More

WideCells Group strengthens board; launches Wideacademy

February 19, 2018 / www.proactiveinvestors.co.uk

Joao Andrade, chief executive of WideCells Group PLC (LON:WDC) as well as chairman Peter Presland discuss with Proactive's Andrew Scott the official launch of the first stage of Wideacademy -the firm's 100%-owned education and training division.The newly launched platform provides content for both the public and medical professionals to raise the profile of stem cell technologies and support the d...Read More

Nigerian central bank injects $210 mln into currency market

February 19, 2018 / www.kitco.com

ABUJA, Feb 19 (Reuters) - Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as...Read More

Brazilian minister says pension reform bill halted in Congress

February 19, 2018 / www.kitco.com

BRASILIA, Feb 19 (Reuters) - Brazil's political affairs minister Carlos Marun said on Monday that passage through Congress of a bill to overhaul the country's costly social security system has effectively been halted and would not be put to a vote.Marun spoke to reporters after the head of the Senate, Eunicio Oliveira, said the federal government's military intervention in Rio de Janeiro would, by...Read More

Europa Oil & Gas welcomes support for Holmwood from Environment Agency

February 19, 2018 / www.proactiveinvestors.co.uk

Hugh Mackay, chief executive of Europa Oil & Gas Plc (LON:EOG), tells Proactive the UK Environment Agency has indicated in a draft decision advertisement that it is inclined to award a bespoke environmental permit for drilling and testing for the Holmwood exploration well.There will now be a four week public consultation process, taking place between February 15 to March 15.  Meet Medusa...Read More

Capital Flows Out Of Gold Mining Into Cobalt, Steel, Lithium

February 19, 2018 / www.kitco.com

(Kitco News)- The gold sector could see asupply crunch on the horizon as investment capital flows into other metals,according to a report from EY.The report from the researchfirm shows that value of merger and acquisitions in the mining sector increased15% in 2017; however, the number of transactions declined by 6% last years.“Last year we saw fewer dealsbut at better values. In 2018, we exp...Read More

Capital Flows Out Of Gold Mining Into Cobalt, Steel, Lithium

February 19, 2018 / www.kitco.com

(Kitco News) - The gold sector could see a supply crunch on the horizon as investment capital flows into other metals, according to a report from EY.The report from the research firm shows that value of merger and acquisitions in the mining sector increased 15% in 2017; however, the number of transactions declined by 6% last years.“Last year we saw fewer deals but at better values. In 2018,...Read More

UPDATE 1-BoE's Carney says Bitcoin has "pretty much failed" as currency

February 19, 2018 / www.kitco.com

(Adds detail on Brexit)By David MillikenLONDON, Feb 19 (Reuters) - Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday."It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody us...Read More

Kin slumps as share suspension looms, elsewhere another 'shell' soars after getting deals done

February 19, 2018 / www.proactiveinvestors.co.uk

2:30pm - Kin Group slumps as share suspension loomsKin Group Plc (LON:KIN) shares sunk as the cash-shell confirmed its shares are set to be suspended in March.The team running the cash-shell has been checking out an array of potential acquisitions including messaging apps, online property services, VR, eSports and blockchain technology - and it says talks are ongoing - but, it won't have a deal in...Read More

UPDATE 2-Russia's Prokhorov sells 6 pct stake in Rusal to Vekselberg

February 19, 2018 / www.kitco.com

* Prokhorov sells 6 pct of Rusal to Vekselberg and partners* Sale will reduce Prokhorov's stake in Rusal to zero* Vekselberg, partners to boost stake in Rusal to 26.5 pct (Adds details, context)By Polina DevittMOSCOW, Feb 19 (Reuters) - Russian businessman Mikhail Prokhorov has agreed to sell a 6 percent stake in Russian aluminium giant Rusal to a consortium of investors led by billionaire Viktor...Read More

BoE's Carney says Bitcoin has "pretty much failed" as currency

February 19, 2018 / www.kitco.com

LONDON, Feb 19 (Reuters) - Bitcoin has failed as a currency measured by the traditional benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday."It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,&quo...Read More

Asia Morning Call-Global Markets

February 19, 2018 / www.kitco.com

Feb 20 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,941.60 37.60 NZX 50**8,115.25 -10.060DJIA**25,219.3819.01 NIKKEI**22,149.21428.96Nasdaq**7,239.465-16.965 FTSE**7,247.66 -47.04S&P 500** 2,732.22 1.02Hang Seng** 31,115.43599.83SPI 200 Fut 5,864.00 -39.00STI** 3,487.88 44.37SSEC**3,199.48 14.52 KOSPI** 2,442.82 20.99------------------------------------------------...Read More

Leaders need humility, empathy -Bank of England's Carney

February 19, 2018 / www.kitco.com

LONDON, Feb 19 (Reuters) - Successful leaders need to show humility and empathy among other virtues to win the trust of citizens who see globalisation as creating inequality and low wages, Bank of England Governor Mark Carney said on Monday."While you should always marshal your facts, you must engage people's intuitions and win their trust in order to convince them. Do this through empathy,&q...Read More

Russian businessman Prokhorov sells 6 pct Rusal stake to Vekselberg

February 19, 2018 / www.kitco.com

MOSCOW, Feb 19 (Reuters) - Russian businessman Mikhail Prokhorov has agreed to sell a 6 percent stake in Russian aluminium giant Rusal to a consortium of investors led by billionaire Viktor Vekselberg and his partners, the consortium said on Monday.After the deal, Vekselberg and his partners will hold 26.5 percent of Rusal, the consortium said. (Reporting by Polina Devitt; editing by Adrian Croft...Read More

University study sheds light on exploration potential for Shefa Yamim in Israel

February 19, 2018 / www.proactiveinvestors.co.uk

Studies recently carried out by Macquarie University for Shefa Yamim (LON:SEFA), the Israeli gemstone company have provided a clearer understanding of the geology of Mount Carmel, the area in which Shefa Yamim has been able to find a suite of gemstones, including natural moissanite and sapphire.Professor Bill Griffin, Professor of Geochemistry, says the existence of large quantities of moissanite,...Read More

Is Gold On The Way To $1,400?

February 19, 2018 / seekingalpha.com

The US dollar is set to descend into the month of May, before we see any kind of major support fundamentally.Inflationary factors that seem to be surfacing are putting pressure on the Fed to raise interest rates as a consequence.The CPI is a lot stronger than anticipated, and we are seeing more inflationary talk hit the markets, all of which is extremely bullish for gold. October 10, 2017 Report C...Read More

Gold struggles to gain traction, confined in a range below $1350 level

February 19, 2018 / www.fxstreet.com

   •  Subdued USD price-action fails to provide fresh impetus.   •  Rising equities further denting safe-haven demand.  Having faded an early Asian session spike to an intraday high level of $1351.40, gold entered a consolidation phase and is currently placed at the lower end of its daily trading range.  The US Dollar wavered between tepid gains/mi...Read More

UPDATE 3-EU chooses Spain's de Guindos for ECB vice-chair, paving way for German head

February 19, 2018 / www.kitco.com

* De Guindos chosen after Irish rival withdrew* Move increases chances for Germany's Weidmann to replace Draghi* Spain has had no representative at ECB since 2012 (adds De Guindos quotes)By Jan Strupczewski and Francesco GuarascioBRUSSELS, Feb 19 (Reuters) - Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Co...Read More

Russia's Prokhorov sells 6 pct stake in Rusal to Vekselberg

February 19, 2018 / www.mining.com

MOSCOW, Feb 19 (Reuters) - Russian businessman Mikhail Prokhorov has agreed to sell a 6 percent stake in Russian aluminium giant Rusal to a consortium of investors led by billionaire Viktor Vekselberg and his partners, the consortium said on Monday.The sale will close a chapter at the world's second largest aluminium producer. Prokhorov's purchase of a stake in Rusal triggered a long-running battl...Read More

Colombia's Celsia raises $515.2 mln in share issue

February 19, 2018 / www.kitco.com

BOGOTA, Feb 19 (Reuters) - Colombian electricity company Celsia said on Monday it raised 1.47 trillion pesos ($515.2 million) during a share issue, funds it will use to increase its stake in another local company and to reduce debt levels.Celsia issued 330 million shares at 4,480 pesos each after receiving demands for more than 2 trillion pesos.About half of the money will be used to buy an additi...Read More

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