The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time.Roll forward to 2018 and there's been a near-universal shift in sentiment as strong and synchronized global economic growth drives demand f...Read More
The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time.Roll forward to 2018 and there's been a near-universal shift in sentiment as strong and synchronized global economic growth drives demand f...Read More
Copper mining deals are off to the best start in at least 12 years - and more money could be pouring into the sector this year.More than $500 million in transactions are pending or were completed so far this month, the most recorded for January in Bloomberg data going back 12 years. Merger interest is picking up after years of under-investment limited mining companies' capacity to meet rising dema...Read More
CAIRO, Jan 28 (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 slipped to 18.006 percent from 18.362 at the last sale, while yields on the 266-day bills also eased to 17.080 percent from 17.563 percent. (Reporting by Nadine Awadalla; Editing by Catherine Evans) Disclaimer: The views expres...Read More
(Adds more comments)AMSTERDAM, Jan 28 (Reuters) - The European Central Bank (ECB) should make it clear how it will end its asset purchases as soon as possible after the current bond buying programme ends in September, Dutch central bank president Klaas Knot told Dutch current affairs programme Buitenhof on Sunday."There is no reason whatsoever to continue the programme", Knot said. &quo...Read More
By Tom ArnoldDUBAI, Jan 28 (Reuters) - Commercial Bank of Qatar (CBQ), the Gulf state's third-largest lender by assets, is in talks with banks about a syndicated loan of up to $500 million, two sources familiar with the matter told Reuters.Raising money through a loan was one option open to the bank, which was also considering bonds as part of its normal funding pattern, one of the sources said.Qa...Read More
AMSTERDAM, Jan 28 (Reuters) - The European Central Bank (ECB) should end its asset purchases as soon as possible after its current bond buying programme ends in September, Dutch central bank president Klaas Knot told Dutch current affairs programme Buitenhof on Sunday."There is no reason whatsoever to continue the programme", Knot said. "I feel that we need to be clear about this.&q...Read More
Interview syndicated from Frank Holme's Frank TalkLast week the U.S. Global Investors office was visited by a living legend in the junior mining industry, billionaire founder and executive chairman of Ivanhoe Mines, Robert Friedland. In case you don't know, back in the mid-1970s, Robert was caretaker of an apple orchard south of Portland that one of his buddies from Reed College would often visit....Read More
DUBAI, Jan 28 (Reuters) - Shares in Saudi Arabia's Kingdom Holding soared in early trade on Sunday after owner Prince Alwaleed bin Talal was released from detention, but top petrochemical producer Saudi Basic Industries fell on weak fourth-quarter earnings.The Saudi stock index was flat after an hour but rising stocks outnumbered losers in a ratio of about two to one.The release of Prince Alwaleed...Read More
Local inhabitants have long taken advantage of these riches. They pan for gold in Asosa's streams and also extract the precious metal directly from outcropping rocks.Read full newsRead More
DUBAI, Jan 28 (Reuters) - Shares in Riyadh-listed international investment company Kingdom Holding soared at the opening on Sunday after the company's owner, Prince Alwaleed bin Talal, was released after being detained for over two months in a corruption probe.The stock immediately jumped its 10 percent daily limit to 10.04 riyals in unusually active trade. Shares in Saudi fashion retailer Fawaz A...Read More
By Devidutta Tripathy and Manoj KumarMUMBAI/NEW DELHI, Jan 28 (Reuters) - India's government may look to raise as much as a record 1 trillion rupees ($15.7 billion) from the sale of state assets in the next fiscal year to help meet tough fiscal deficit limits while giving it room to boost spending and woo voters before general elections that must be called by early 2019.Investment bankers and econ...Read More
CAIRO, Jan 28 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 21.92623.3consumerDecemberprices(year-on-year,pct change) CoreinflatioDecember19.8625.53 25.86n (year-on-year,pct change) Foreign December37.02036.72324....Read More
From Chris Kimble: The past 11 and 7 years respectively have not been kind to the Euro and Gold, as each has created a series of lower highs and lower lows forRead full newsRead More
“This must be the most Instagrammed greenhouse in the world”, Clark Moorten, the 74-year-old owner of Moorten Botanical Garden says, leading me to a rather ramshackle structure that possesses another sign:Read full newsRead More
Ron Struthers of Struthers Resource Stock Report discusses the downfall of cryptocurrencies and the rise of gold, and presents four gold companies he is adding to his selection list.Read full newsRead More
JUNEAU - The U.S. Environmental Protection Agency on Friday halted plans to withdraw proposed restrictions on mining activity near a major Alaska salmon fishery, drawing praise from opponents of theRead full newsRead More
Scott Pruitt's decision maintains the Obama-era stance that the operation could harm world's largest sockeye salmon fishery.Read full newsRead More
VANCOUVER - Quarterly gold production at SSR Mining Inc.'s Nevada mine rose in the fourth quarter of 2017, the company reported in results released mid-January. Overall, SSR met or exceededRead full newsRead More
While its 8.4% yield will certainly draw the attention of income seekers, its bargain-basement price could make value investors a mint.Read full newsRead More