Michelle Martin, Andreas RinkeBERLIN (Reuters) - German Chancellor Angela Merkel said on Sunday that her conservatives faced tough negotiations with the Social Democrats (SPD) as they strive to form a ruling coalition, and it was unclear when they would be able to wrap up the talks.More than four months after a national election, Europe’s largest economy and pre-eminent power broker is in po...Read More
CAIRO, Feb 4 (Reuters) - Average yields on Egypt's three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed.Yields on the 91-day bills dipped to 17.652 percent from 18.006 percent at the last similar sale, and yields on 273-day bills fell to 16.580 percent from 17.080 percent. (Reporting by John Davison; Editing by Kevin Liffey) Disclaimer: The views expressed i...Read More
(Adds remand order)COLOMBO, Feb 4 (Reuters) - Sri Lankan police said on Sunday they had arrested two officials from primary dealer Perpetual Treasuries Ltd, which was named in a report as being involved in an alleged government bond scam in 2015. Police arrested Arjun Aloysius, owner of Perpetual Treasuries which more than half the bonds in a 2015 auction were sold to, and Perpetual CEO Kasun Pal...Read More
Canada's Guyana Goldfields is set to invest $120 million to conduct underground gold mining for the first time in Guyana's history.In an event held Sunday in the South American country, the company's President and CEO, Scott Caldwell, said that by the end of the month he will provide the results of an ongoing feasibility study on underground mining at the Aurora Gold Mine. The project, 100%-owned...Read More
Canada's Guyana Goldfields is set to invest $120 million to conduct underground gold mining for the first time in Guyana's history.In an event held Sunday in the South American country, the company's President and CEO, Scott Caldwell, said that by the end of the month he will provide the results of an ongoing feasibility study on underground mining at the Aurora Gold Mine. The project, 100%-owned...Read More
Miners operating in the Democratic Republic of Congo are pulling out the heavy artillery in their fight against the country's new mining code which, they say, will stifle investment in the copper and cobalt-rich nation.Today, Africa-focused gold producer Randgold Resources (LON:RSS) issued a press release saying its executives are engaging "at the highest level" with the Joseph Kabila government t...Read More
Miners operating in the Democratic Republic of Congo are pulling out the heavy artillery in their fight against the country's new mining code which, they say, will stifle investment in the copper and cobalt-rich nation.Today, Africa-focused gold producer Randgold Resources (LON:RSS) issued a press release saying its executives are engaging "at the highest level" with the Joseph Kabila government t...Read More
Miners operating in the Democratic Republic of Congo are pulling out the heavy artillery in their fight against the country's new mining code which, they say, will stifle investment in the copper and cobalt-rich nation.Today, Africa-focused gold producer Randgold Resources (LON:RSS) issued a press release saying its executives are engaging "at the highest level" with the Joseph Kabila government t...Read More
It looks like a hybrid between a golf cart and Wall.E. Its main function is to move through collapsing, rubble-strewn tunnels at mine sites to map them and analyze pollutants in groundwater.It can do what humans cannot: penetrate thousands of feet into a mountain, creep through very narrow areas with poor air quality and gather data of poorly understood subterranean flows, many of which contain to...Read More
It looks like a hybrid between a golf cart and Wall.E. Its main function is to move through collapsing, rubble-strewn tunnels at mine sites to map them and analyze pollutants in groundwater.It can do what humans cannot: penetrate thousands of feet into a mountain, creep through very narrow areas with poor air quality and gather data of poorly understood subterranean flows, many of which contain to...Read More
(Adds background, quote)CAIRO, Feb 4 (Reuters) - Egypt's foreign reserves registered in January the biggest month-on-month jump since July last year as the country pushed forward with economic reforms aimed at boosting growth.Foreign reserves rose to $38.209 billion at the end of January from $37.020 billion at the end of December, the central bank said on Sunday.It did not immediately provide de...Read More
CAIRO, Feb 4 (Reuters) - Egypt's foreign reserves rose to $38.209 billion at the end of January from $37.020 billion at the end of December, the central bank said on Sunday.Cairo's foreign reserves have been climbing since the country secured a $12 billion, three-year International Monetary Fund loan programme in 2016 in a bid to lure back foreign investors and revive its ailing economy.The countr...Read More
BEIJING, Feb 4 (Reuters) - China's Shanxi Xinghuacun Fen Wine Factory Co Ltd said its controlling shareholder Fen Jiu Group has signed an agreement to sell a 11.45 percent stake to a subsidiary of top beer maker China Resources.The stake sale is worth 5.16 billion yuan ($819.26 million), the state-owned company said in a statement to the Shanghai Stock Exchange on Sunday.The agreement will see the...Read More
COLOMBO, Feb 4 (Reuters) - Sri Lankan police said on Sunday they had arrested two officials from primary dealer Perpetual Treasuries Ltd, which was named in a report as being involved in an alleged government bond scam in 2015. Police arrested Arjun Aloysius, owner of Perpetual Treasuries which more than half the bonds in a 2015 auction were sold to, and Perpetual CEO Kasun Palisena. Aloysius is t...Read More
CAIRO, Feb 4 (Reuters) - Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said on Sunday.Egypt sold $7 billion in five-, 10- and 30-year bonds last year as it begins its return to international markets after turmoil following the ousting of president Hosni Mubarak in 2011. (Reporting by Momen Saeed Attallah and Ehab Farouk; Ed...Read More
DUBAI, Feb 4 (Reuters) - Gulf stock markets sank early on Sunday in response to Friday's tumble on Wall Street, after U.S. data showed the strongest annual wage growth since 2009 and raised the risk of more interest rate hikes than expected this year. The Saudi index dropped 0.6 percent in the first hour with falling shares outnumbering gainers by a ratio of about two to one. Al Rajhi Bank , which...Read More
(Add context)DHAKA, Feb 4 (Reuters) - Bangladesh's foreign exchange reserves fell to $32.69 billion as at the end of January from $33.23 billion the previous month, but were up nearly 3 percent from a year earlier, the central bank said on Sunday.The monthly decline was fuelled by a rise in imports, a senior central bank official said, adding the reserves were sufficient to cover about 10 months'...Read More
DHAKA, Feb 4 (Reuters) - Bangladesh's foreign exchange reserves fell to $32.69 billion as at the end of January from $33.23 billion the previous month, but were up nearly 3 percent from a year earlier, the central bank said on Sunday.The monthly decline was fuelled by a rise in imports, a senior central bank official said, adding the reserves were sufficient to cover about 10 months' worth of impo...Read More
BETHEL, Alaska (AP) - The comments from industry groups and native corporations in support of the waste and wastewater plans of a proposed mine in western Alaska have contrasted the opposition voiced by area residents.KYUK-AM reports the industry groups and native corporations gave public comments that expressed trust and support for the Donlin Gold mine project during a hearing with state regulat...Read More
Technical analyst Clive Maund charts a company developing a gold mine on Fiji.Read full newsRead More