Natural resource investor Paternoster Resources plc (LON:PRS)  shares zipped up over 10% to 0.155p as it issued a strategic update.It reckons its corporate costs can be reduced, particularly in personnel and infrastructure, following its co-investment agreement with finance provider RiverFort Global Capital earlier this month."The board is focused on rapidly implementing the company's enhance...Read More

* Spot gold set for sixth weekly gain in seven weeks* Dollar resumes decline after late Thursday bounce* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and comments; adds second byline and NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Jan 26 (Reuters) - Gold rose on Friday, climbing back toward the previous day's 17-month peak as a report of slow...Read More

(Adds details, comment)By Valentina ZaMILAN, Jan 26 (Reuters) - Veteran Italian banker and former Industry Minister Corrado Passera topped expectations by raising 600 million euros ($746 million) from investors with the aim of acquiring a small bank.Passera, chief executive of Intesa Sanpaolo from 2002 to 2011, raised the funds by launching a special purpose acquisition company (SPAC), a vehicle...Read More

Gold fell sharply on Friday, but held on to a weekly gain, on the heels of conflicting comments from the Trump administration on dollar policy. Prices began to fall in electronic trading on Thursday after CNBC reported that President Donald Trump said he wanted to see a stronger dollar and expressed optimism that the battered U.S. currency would strengthen. On Friday, February gold GCG8, -1.04%...Read More

Glyn Edwards, chief executive of Summit Therapeutics PLC (LON:SUMM,NASDAQ:SMMT), adds a bit of extra detail to their announcement this week around the interim data for their treatment for Duchenne Muscular Dystrophy (DMD).The interim results for the PhaseOut study revealed a "statistically significant and meaningful" reduction in muscle damage in patients taking the company's treatment, ezutromid....Read More

* Q4 advance GDP estimate 2.6 pct vs est. 3 pct growth* Intel jumps after strong earnings, bullish forecast* Starbucks falls after weak-holiday qtr sales* Indexes up: Dow 0.35 pct, S&P 0.56 pct, Nasdaq 0.62 pct (Updates to early afternoon)By Sruthi ShankarJan 26 (Reuters) - The S&P and the Dow scaled new highs on Friday, driven by strong earnings from Intel and drugmaker AbbVie as well as...Read More

* Kwek's CDL is already majority owner of M&C* Shareholders had forced Kwek to raise his offer* Investors say bid undervalued M&C's properties (Updates with comment from M&C's independent directors)By Ben MartinLONDON, Jan 26 (Reuters) - An attempt by Singaporean billionaire Kwek Leng Beng to take full control of Millennium & Copthorne Hotels (M&C) in a deal valuing the busines...Read More

The agenda for the coming week is fairly light on quantity but the quality is certainly improving, with updates due from blue chip stalwarts such as AstraZeneca PLC (LON:AZN), BT Group plc (LON:BT.A), Royal Dutch Shell PLC (LON:RDSA), and Unilever plc (LON:ULVR), plus a Federal Reserve meeting and the January US jobs report.As Unilever moves closer to establishing a single corporate structure as p...Read More

The shares of casino concern Wynn Resorts, Limited (NASDAQ:WYNN) are plummeting in afternoon trading, after The Wall Street Journal reported allegations of sexual misconduct by CEO Steve Wynn (subscription required). The billionaire has denied the rumors -- which include accusations that he forced employees to engage in sex acts -- blaming ex-wife Elaine Wynn, "with whom I am involved in a terribl...Read More

* Sets IPO price range at 26-30 euros/share* Says shares expected to start trading on Feb. 9* Free float to come to around 25 pct after IPO* Dermapharm IPO to be first listing in Germany in 2018 (Adds details on proceeds, banks)FRANKFURT, Jan 26 (Reuters) - German drugmaker Dermapharm said it would sell shares worth up to around 400 million euros ($497 million) in an initial public offering and li...Read More

Rearguard action in Bitcoin may be too little too late - the cryptocurrency could well see another 50% decline or more!Gold and gold stocks would probably be the best investments in a general economic collapse if it occurs.Governments are unlikely to remain on the sidelines and are likely to regulate bitcoin given its increasing use by criminals and in tax avoidance.I'm sure it won't have passed...Read More

Michael Hunt, CFO at ReNeuron Group Plc (LON:RENE) tells Proactive positive long-term data on their CTX cell therapy for stroke has been presented at the American Heart Association International Stroke Conference in Los Angeles.Professor Keith Muir, of the Queen Elizabeth University Hospital, Glasgow and Principal Investigator for ReNeuron's PISCES II study, told the audience that upper limb funct...Read More

Mining Capital's Alastair Ford gives his take on coal and currency wars, specifically his analysis on how coal mining companies Minergy (MIN:BT) and Anglo Pacific Goup PLC (APF:LSE) are faring.Ford says there is an increasing demand on coal, and believes Minergy will be one of the few coal companies listed on AIM with significant prospects.Ford says Anglo Pacific Group is benefiting from...Read More

BRASILIA, Jan 26 (Reuters) - Brazil's 2017 central government primary budget deficit came in around 30 billion reais ($9.5 billion) smaller than the official target due to rising tax revenue, a government source told Reuters on Friday.Brazil's central government - comprised of the National Treasury, the central bank and the pension system - targets a 159 billion real budget deficit for 2017, not t...Read More

ACCRA, Jan 26 (Reuters) - The Bank of Ghana said the yield on its weekly 91-day bill rose to 13.35 percent at an auction on Friday from 13.32 percent at the last such sale, on Jan 19.The bank said it had accepted all 417.92 million cedis ($92.4 million) worth of bids tendered for the bills, which will be issued on Monday.Ghana's treasury bill yields have fallen to around 13 percent in the past six...Read More

(Bloomberg) - A metal that's in demand for batteries is surging, and it's not the one everyone's talking about.Vanadium has soared more than 130 percent in the past year, outperforming better-known battery components like cobalt, lithium and nickel. It's an obscure metal, silvery-blue in color and named for Vanadis, the Nordic goddess of beauty.What's driving prices is tightening supply and stron...Read More

(Kitco News)- While gold prices are off their 1.5-year highs seenmid-week, the market is still holding on to strong gains and many analysts havesaid that they still see the potential for higher prices, even if there is amodest consolidation period.The gold market is looking to end the week in positiveterritory as it hovers around the critical psychological level. February goldfutures last traded a...Read More

* MSCI world stocks index extends winning streak* Dollar buckles again* U.S. stocks hit record highs early (Updates with late morning U.S. markets activity, changes byline, dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, Jan 26 (Reuters) - A key world stock market index extended gains on Friday, putting it on track for its longest weekly winning streak since 1999, while Intel's results...Read More

* Pound extends gains after GDP suprises to the upside* Sterling enjoying strong start to 2018* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Adds new quotes, updates prices, adds details)By Tommy Wilkes and Jemima KellyLONDON, Jan 26 (Reuters) - The pound climbed further against the dollar on Friday after enjoying its best week since September and its sixth...Read More

(Adds graphic, updates market move)By Sinead CarewJan 26 (Reuters) - Anybody hoping for a replay of the stock market advance that followed U.S. President Donald Trump's first address to Congress may be disappointed. This time around, shares could suffer if Trump does not tread carefully on hot-button issues. The S&P 500 jumped 1.4 percent the day after Trump's speech last February, as an unexp...Read More