Editor's Note: The article was updated to reflect a delayed selloff in gold following the FOMC monetary policy decision.(Kitco News) - In a delayed reaction to the Federal Reserve's rate announcement, gold prices fell into negative territory, unable to withstand rising bond yields, as the central bank emphasized that interest rates will be going up in 2018.As expected, the U.S. central bank kept i...Read More
NEW YORK, Jan 31 (Reuters) - U.S. interest rates futures added modest losses on Wednesday as the Federal Reserve's latest policy statement reinforced bets the U.S. central bank would raise key borrowing costs at its next policy meeting March 20-21. At 2:16 p.m. (1916 GMT), federal funds futures implied traders priced in an 88 percent chance of a quarter point rate increase by the Fed at its March...Read More
By Liana B. BakerJan 31 (Reuters) - Adaptive Insights Inc, a U.S. company that provides financial management software, has hired investment bank Morgan Stanley to lead an initial public offering that could come later this year, according to people familiar with the matter.A spokeswoman for Adaptive Insights, which is based in Palo Alto, said in a statement, that "we continually evaluate oppor...Read More
NEW YORK, Jan 31 (Reuters) - The U.S. yield curve flattened to levels not seen in over decade on Wednesday as traders sold more short-dated Treasuries in anticipation the Federal Reserve may raise rates faster to combat an expected acceleration in domestic inflation in 2018. At 2:21 p.m. EST (1921 GMT), the spread between five-year and 30-year Treasury yields was last at 42.6 basis points after to...Read More
BUENOS AIRES, Jan 31 (Reuters) - Argentina said on Wednesday industrial production in December rose 0.3 percent from a year earlier, resulting in cumulative industrial output growth of 1.8 percent for 2017.(Reporting by Hernan Nessi; Writing by Caroline Stauffer; Editing by Chris Reese) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Meta...Read More
FRANKFURT, Jan 31 (Reuters) - European Central Bank board member Benoit Coeure praised Ireland's candidate to become the ECB's next vice-president on Wednesday, describing Philip Lane as an "outstanding economist" and a "good colleague".The appointment is being closely watched by investors because it could end up influencing the race to replace ECB President Mario Draghi in 201...Read More
Macarthur Minerals Limited (TSXV:MMS) (the "Company" or "Macarthur Minerals") is pleased to announce it has acquired 100% of granted exploration license E45/4685 covering an area of 35 square kilometers in the Pilbara region of Western Australia ("Tenement"), as previously announced on November 6, 2017. The Tenement forms part of the Company's Hillside Gold Project.Read full newsRead More
Michael McNeilly, chief executive of Metal Tiger PLC (LON:MTR) tells Proactive the completed Pre-Feasibility Study on their joint venture project with partner MOD Resources Limited (ASX:MOD) in the Kalahari Copper Belt in Botswana for the T3 Open-Pit looks "very robust".He adds the PFS found that T3 offers a low-risk, low capital pathway to copper production.MOD Resources owns 70% of the Botswana...Read More
Feb 1 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,037.70 14.90 NZX 50**8,442.01 143.43DJIA26,236.17159.28NIKKEI**23,098.29-193.68Nasdaq7,433.25530.77 FTSE**7,533.55 -54.43S&P 500 2,830.72 8.29Hang Seng** 32,887.27279.98SPI 200 Fut 5,999.018.0STI** 3,533.99 -14.75SSEC**3,481.51 -6.50 KOSPI** 2,566.46 -1.28------------------------------------------------------------...Read More
Shares in Canada's Ivanhoe Mines fell sharply on Wednesday after lawmakers in the Democratic Republic of Congo, where Ivanhoe is advancing two major projects, voted in favour of new mining laws that immediately lifts a provision which exempted licence holders from compliance with the new code for 10 years.Ivanhoe Mines, headed by billionaire mining financier Robert Friedland, ended down 11.3% on t...Read More
Shares in Canada's Ivanhoe Mines fell sharply on Wednesday after lawmakers in the Democratic Republic of Congo, where Ivanhoe is advancing two major projects, voted in favour of new mining laws that immediately lifts a provision which exempted licence holders from compliance with the new code for 10 years.Ivanhoe Mines, headed by billionaire mining financier Robert Friedland, ended down 11.3% on t...Read More
By Manoj Kumar and Suvashree ChoudhuryNEW DELHI, Feb 1 (Reuters) - As India's government gets set to unveil its 2018-19 budget on Thursday, all eyes will be on whether the authorities stay the course on containing the fiscal deficit, or whether they throw caution to the wind with a populist set of spending priorities.Facing discontent at home over falling farm incomes and a backlash following poli...Read More
CEO Insights from the Vancouver Resource Investment Conference: Chilean Metals, Golden Predator, Falco Resources, Newrange Gold, Viva GoldRead full newsRead More
Continuing on with earnings season buzz, camera concern GoPro, Inc. (NASDAQ:GPRO) is expected to report its fourth-quarter earnings tomorrow, after market close. Below, we will take a look at how GPRO has performed on the charts recently, and what the options market has been pricing in for the stock's post-earnings action.From a broader perspective, GoPro stock has had a disappointing year on the...Read More
Miners and explorers knew that the Democratic Republic of Congo would be raising taxes and royalties, but were blindsided on Wednesday when lawmakers of the country voted in favour of an immediate lifting of a provision exempting licence holders of compliance with the new code for 10 years.That means mines and projects run by companies including Glencore, Randgold Resources, China Molybdenum, Eura...Read More
Miners and explorers knew that the Democratic Republic of Congo would be raising taxes and royalties, but were blindsided on Wednesday when lawmakers of the country voted in favour of an immediate lifting of a provision exempting licence holders of compliance with the new code for 10 years.That means mines and projects run by companies including Glencore, Randgold Resources, China Molybdenum, Eura...Read More
* Fashion retailer investing in tech, including for shops* Plans to roll out store technology to some partners - CEO* Staff of engineers at Farfetch growing to 1,600 in 2018* CEO Jose Neves declines to comment on IPO plans By Sarah WhiteLONDON, Jan 31 (Reuters) - London-based online fashion retailer Farfetch plans to roll out new technology to revolutionise shopping in stores in the coming months...Read More
ZURICH, Jan 31 (Reuters) - Ground services and cargo handling group Swissport, a unit of cash-strapped Chinese conglomerate HNA Group , has secured a 325 million euro ($403 million) financing commitment from Barclays to support its acquisition of Australian ground handler Aerocare, it said on Wednesday.The deal is now set to complete on March 7, it said.Swissport also said it was proceeding with p...Read More
MOSCOW, Jan 31 (Reuters) - Norilsk Nickel (Nornickel), the world's largest palladium producer, said on Wednesday its production of palladium could decline in 2018, while the output of nickel from Russian raw material would remain flat. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, previously said its production of nickel and platinum group metals would be unch...Read More
* STOXX 600 falls 0.2 pct, up 2.1 pct in January* Ericsson, H&M slump after results* Solid update boosts Electrolux (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON/MILAN, Jan 31 (Reuters) - European shares fell on Wednesday as investors locked in profits at the end of a strong month while results from some of the region's biggest names also weighed.The STOXX 600 index fell...Read More