Recent News

FOREX-Dollar holds ground as euro comes under pressure

February 07, 2018 / www.kitco.com

* 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

UK firms raise starting salaries by most since June 2015 - REC

February 07, 2018 / www.kitco.com

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

Caution to investors looking to uranium

February 07, 2018 / www.mining.com

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

RT @BNN: Barrick Gold to take US$429M charge at stalled gold project

February 07, 2018 / fw.to

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

Fed Won't Overreact To Good Economic News, Williams Says

February 07, 2018 / www.kitco.com

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

China Stocks-Factors to watch on Thursday

February 07, 2018 / www.kitco.com

* 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

Feb 8 Uranium Participation Corporation (U,TSX) Reports Estimated Net Asset Value at January 31, 2018 and Sale of Conversion Services

February 07, 2018 / www.marketwired.com

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

Japan Regulator To Inspect More Cryptocurrency Exchanges: Jiji

February 07, 2018 / www.kitco.com

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

Canada PM Says No NAFTA Deal Might Be Better For Us Than A Bad One

February 07, 2018 / www.kitco.com

(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

New Relationship Spotted Between Bitcoin And Gold

February 07, 2018 / www.kitco.com

(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

New Relationship Spotted Between Bitcoin And Gold

February 07, 2018 / www.kitco.com

(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

DIARY-Government Debt Auctions to Mar 30

February 07, 2018 / www.kitco.com

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

DIARY-Emerging Markets Economic Events to March 29

February 07, 2018 / www.kitco.com

Feb 8 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, FEBRUARY 8 LIMA - Central bank of Peru anno...Read More

Bank of England to send new rates message in last year before Brexit

February 07, 2018 / www.kitco.com

By William SchombergLONDON, Feb 8 (Reuters) - The Bank of England is expected to say on Thursday that another interest rate increase could be nearing as Britain's economy grows faster than expected ahead of its departure from the European Union in just over a year's time.The BoE raised borrowing costs for the first time in more than a decade in November, reversing a cut made in 2016 as the country...Read More

DIARY-Top Economic Events to March 27

February 07, 2018 / www.kitco.com

Feb 8 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, FEBRUARY 8** WASHINGTON - Senate Banking Committee meets in executive session to vote...Read More

UPDATE 2-New Zealand's central bank holds rates, says volatility a warning

February 07, 2018 / www.kitco.com

* RBNZ says equity market swings did not alter forecasts* Says markets have settled, sees no long term effect* Sees volatility as nerves over rate normalisation (Adds detail, commentary)By Charlotte Greenfield and John MairWELLINGTON, Feb 8 (Reuters) - New Zealand's central bank kept interest rates steady at a record low on Thursday and said volatility in equity markets this week was a warning sig...Read More

UPDATE 1-Italo shareholders accept GIP's improved takeover offer, scrap IPO plans

February 07, 2018 / www.kitco.com

(Recasts after statement, adds details)By Agnieszka Flak MILAN, Feb 7 (Reuters) - The shareholders of Italian railways group Italo have accepted a 1.98 billion euro ($2.43 billion) takeover offer by Global Infrastructure Partners (GIP) and scrapped plans for listing the company on the Milan bourse.The U.S.-based infrastructure fund raised its offer for all of Italo late on Wednesday from an initi...Read More

Straight Talk About Gold

February 07, 2018 / www.kitco.com

Say what you will about the underlying causes moving gold lower or higher, but the bottom line and the real truth is that dollar weakness or dollar strength is an unremovable component of gold pricing, not an outside market.While it is an entirely fair statement to say that there are external markets that are influencing gold prices, one of the most significant factors both during the last rally a...Read More

Straight Talk About Gold

February 07, 2018 / www.kitco.com

Say what you will about the underlying causes moving gold lower or higher, but the bottom line and the real truth is that dollar weakness or dollar strength is an unremovable component of gold pricing, not an outside market.While it is an entirely fair statement to say that there are external markets that are influencing gold prices, one of the most significant factors both during the last rally a...Read More

UPDATE 2-Australia's AMP more than doubles FY profit as wealth protection arm recovers

February 07, 2018 / www.kitco.com

* AMP reports full-year underlying earnings of A$1.04 bln* AMP expects to update on outcome of insurance unit review by May (Adds update for insurance unit, share price)By Paulina DuranSYDNEY, Feb 8 (Reuters) - Australia's AMP Ltd more than doubled its full-year underlying earnings, boosted by growth in its Australian wealth protection business and AMP Bank.Australia's largest wealth manager also...Read More

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