(Adds details, background)By Kane WuHONG KONG, Jan 21 (Reuters) - Chinese sportswear retailer Pou Sheng International (Holdings) Ltd has received a proposal from Pou Chen Corp to be taken private that values it at around $11 billion ($1.4 billion), it said in a stock exchange filing on Sunday.Pou Chen Corp has offered Pou Sheng International a cancellation price of HK$2.03 per share, which repres...Read More
(Adds details from stock exchange statement)JERUSALEM, Jan 21 (Reuters) - Shareholders in the Tel Aviv Stock Exchange have agreed to sell back a total stake of 71.7 percent ahead of the bourse's planned initial public offering.The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at...Read More
(Adds details, background)By Ehab FaroukCAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The flotations will be the first batch in a programme to float stakes in dozens of state-owned companies over the next t...Read More
CAIRO, Jan 21 (Reuters) - Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.The government is launching an IPO programme that will offer shares in dozens of state-owned companies over the next three to five years in areas including oil,...Read More
DUBAI, Jan 21 (Reuters) - Gulf stock markets mostly edged down on Sunday with Saudi Arabia pulling further away from a major resistance level, although a surge by fuel distributor ADNOC Distribution buoyed Abu Dhabi.The Saudi index slipped 0.3 percent to 7,518 points in the first hour, pulling away from the July peak of 7,586 points.Dairy company Almarai dropped 1.9 percent after reporting fourth-...Read More
* Annual gathering of global elite runs from Jan. 23-26* Trump to be first U.S. president to attend in 18 years* Macron and Merkel to lead robust European pushback By Noah Barkin DAVOS, Switzerland, Jan 21 (Reuters) - European leaders will be out in force at the World Economic Forum in Davos this week to defend multilateralism before U.S. President Donald Trump arrives to deliver his "Americ...Read More
JERUSALEM, Jan 21 (Reuters) - Three of Israel's leading banks have agreed to sell back shares in the Tel Aviv Stock Exchange ahead of the bourse's planned initial public offering.The exchange had offered to buy out its shareholders, comprised of commercial and investment banks, before it lists on its own market next year, valuing the total shares at 500 million shekels ($146 million). Bank Leumi ,...Read More
CAIRO, Jan 21 (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
Bob Moriarty of 321 Gold sees a lot of potential in this company's Nova Scotia and Newfoundland projects.Read full newsRead More
When it comes to acquiring this piece of Southern Nevada real estate, there's nothing wrong with getting the shaft.Read full newsRead More
One report claimed that a leaching pit had overflowed at Tahoe's Shahuindo mine site, flooding a nearby village with toxic materialsRead full newsRead More
Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world's major gold producers have cut way back on mining dealsRead full newsRead More
Gold mining stocks lagged behind the performance in prices for the precious metal last year, but they could surpass gold's rise in 2018.Read full newsRead More
Think it's time for the rocking chair when you're in your 70s? Dakota Fred Hurt talks to us about the thrills and dangers of extreme mining on Gold Rush: White Water!Read full newsRead More
Gold Mining Stock Outlook - January 2018Read full newsRead More
DUBAI, Jan 21 (Reuters) - Gulf stock markets looks set to consolidate on Sunday with Saudi Arabia facing major technical resistance.The Saudi index last closed at 7,539 points, near the July peak of 7,586 points - a natural place for the rally of the past two months to pause.Dairy company Almarai reported fourth-quarter net profit of 513 million riyals ($136.8 million), down from 536 million riyal...Read More
Dear Friend of GATA and Gold:Cast your bread upon the waters, the Bible says somewhere, and pray that something comes back besides overweight seagulls.GATA does a lot of casting, usually without result, but you never know when and where someone will pick up on it, and this week a teacher and writer in Pakistan, Taha Ali, did. Ali, who writes for Pakistan's national English-language newspaper, th...Read More
Dear Friend of GATA and Gold:Cast your bread upon the waters, the Bible says somewhere, and pray that something comes back besides overweight seagulls.GATA does a lot of casting, usually without result, but you never know when and where someone will pick up on it, and this week a teacher and writer in Pakistan, Taha Ali, did. Ali, who writes for Pakistan's national English-language newspaper, th...Read More