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Tucson, Arizona, February 7, 2018 - Modular Mining Systems announced today that it will install its DISPATCH (R) Fleet Management system (FMS) at two affiliated iron ore mines in Brazil, replacing the Hexagon/Devex system in use at both locations.The DISPATCH FMS will supersede the systems on more than 100 pieces of equipment, including 34 trucks, 32 auxiliary units, and 19 shovels.The DISPATCH s...Read More
CloseGain/LossGold $1315.30-$6.40Silver$16.33-$0.27XAU80.54-1.90%HUI179.84-1.11%GDM609.88-1.60%JSE Gold1174.79-18.33USD90.35+0.64Euro122.71-1.06Yen91.38+0.04Oil$61.79-$1.6010-Year2.841%+0.039T-Bond144.59375-1.4375Dow24893.35-0.08%Nasdaq7051.98-0.90%S&P2681.66-0.50% The Metals: Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midaft...Read More
- Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000- Top 50 crypto currencies lost over 50% of value in 24 hours- Over $60 billion wiped off entire crypto currency market in 24 hours- Markets concerned about increased regulation, manipulation & country-wide bans- 'Growing global unease about risks virtual currencies pose to investors and financial system' - SEC- Gold acting...Read More
CloseGain/LossGold $1315.30-$6.40Silver$16.33-$0.27XAU80.54-1.90%HUI179.84-1.11%GDM609.88-1.60%JSE Gold1174.79-18.33USD90.35+0.64Euro122.71-1.06Yen91.38+0.04Oil$61.79-$1.6010-Year2.841%+0.039T-Bond144.59375-1.4375Dow24893.35-0.08%Nasdaq7051.98-0.90%S&P2681.66-0.50% The Metals: Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midaft...Read More
- Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000- Top 50 crypto currencies lost over 50% of value in 24 hours- Over $60 billion wiped off entire crypto currency market in 24 hours- Markets concerned about increased regulation, manipulation & country-wide bans- 'Growing global unease about risks virtual currencies pose to investors and financial system' - SEC- Gold acting...Read More
SHANGHAI, Feb 8 (Reuters) - China's central bank said it will skip open market operations for the 11th straight trading day on Thursday as liquidity levels in the banking system were "relatively high".On a net basis, the People's Bank of China (PBOC) will not inject nor drain any funds from the money market for the day, as there are no reverse repos due to mature on Thrusday.The PBOC dra...Read More
* U.S. oil production climbs to 10.25 million bpd* U.S. crude inventories also rise -EIA* Forties pipeline outage in North Sea provides some price-support* The U.S. shale revolution: By Henning GloysteinSINGAPORE, Feb 8 (Reuters) - Oil prices on Thursday were close to their lowest levels this year, with soaring U.S. output undermining OPEC's efforts to tighten markets and prop up prices.Brent crud...Read More
* Higher U.S. Treasury yields underpin dollar* Dollar index trades around two-week highs* New Zealand dollar skids as RBNZ holds steady By Lisa TwaroniteTOKYO, Feb 8 (Reuters) - The dollar was off recent lows against major rivals on Thursday, benefiting from the euro's weakness and higher U.S. yields but capped by concerns about recent equity market volatility.Against a basket of six major rival...Read More
LONDON, Feb 8 (Reuters) - British companies are raising the salaries they offer to new permanent staff at the fastest rate since June 2015 due to a shortage of good-quality staff, recruiters said in a survey published on Thursday.The Recruitment and Employment Confederation said businesses were hiring staff at the joint-fastest rate since April 2015, and running into skills shortages."This in...Read More
Investor, Modern Energy Expert & Author of 'My Electrician Drives a Porsche?', Gianni Kovacevic cautions investors looking to uranium.Mr Kovacevic - speaking ahead of his appearance at Mines and Money Asia in Hong Kong this April - said it is becoming more and more difficult to see serious long-term demand for the commodity."There are 447 nuclear reactors and investors are always told about the 60...Read More
Barrick Gold Corp expects to record a pre-tax charge of around US$429 million at its stalled Pascua-Lama project in South America in the fourth quarter due to reclassifying its gold reserves.Read full newsRead More
Ann SaphirHONOLULU (Reuters) - The Federal Reserve will stick to its plan for “steady, gradual” interest-rate increases even though recent U.S. economic data has been stronger than some have expected and the labor market has tightened, a Fed policymaker said Wednesday.“I am going to try to dispel you of the myth that the Federal Reserve is going to overreact or somehow undermine...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -1.8 pct, CSI300 -2.4 pct, HSI -0.9 pct* HK->Shenzhen Connect daily quota used 15.1 pct* CNY official close 6.283 per dollar* FTSE China A50 -3.4 pct, BNY Mellon ADR China Select Index -2.8 pct SHANGHAI, Feb 8 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets.Po...Read More
TORONTO, ONTARIO--(Marketwired - Feb. 7, 2018) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at January 31, 2018 was CAD$459.3 million or CAD$3.47 per share. As at January 31, 2018, UPC's uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts)Quantity Fair ValueInvestments in Uranium: Ura...Read More
TOKYO (Reuters) - Japan’s financial regulator is planning to conduct on-site inspections this week on several cryptocurrency exchange operators that may be vulnerable to cyber-attacks, Jiji Press reported on Thursday.The Financial Services Agency (FSA) last Friday swooped on Coincheck Inc for surprise checks of its systems after the Tokyo-based operator had $530 million in digital money stol...Read More
(Reuters) - Canada “might very well be better off” not signing up to an updated version of the NAFTA trade pact rather than accepting a bad deal, Canadian Prime Minister Justin Trudeau said on Wednesday.Trudeau, speaking at the University of Chicago, said in a televised address he expected a good deal from negotiations to modernize the $1.2 trillion North American Free Trade Agreement....Read More
(Kitco News) - The beginning stages of a new relationship between bitcoin and gold have been discovered by RBC Capital Markets.The correlation is described as a “marginal[ly] negative” one by Christopher Louney, commodity strategist at RBC Capital Markets.“When we saw interest in bitcoin peak [in December], as measured by Google Trends, that is when we noticed this marginal negat...Read More
(Kitco News) - The beginning stages of a new relationship between bitcoin and gold have been discovered by RBC Capital Markets.The correlation is described as a “marginal[ly] negative” one by Christopher Louney, commodity strategist at RBC Capital Markets.“When we saw interest in bitcoin peak [in December], as measured by Google Trends, that is when we noticed this marginal negat...Read More
Feb 8 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS8-FebUnited States Sale of 30-year bond8-FebJapan 3-month discount bill auction8-FebJapan Auction of 30-year government bonds12-FebNorwayAuction of Treasury bills12-FebItaly Bills auction13-FebItaly Medium-long term auction13-FebSpain Auct...Read More