By Lesley Wroughton and Girish GuptaWASHINGTON/CARACAS, Jan 16 (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the soon-to-be-launched token.Venezuelan President Nicolas Maduro this month said his government...Read More
Great Bear Resources (TSXV:GBR) (the 'Company' or 'Great Bear') today announced completion of drill hole planning and preparation for a Phase 2 drill program at the Dixie Lake gold project, located in the Red Lake district of Ontario.Read full newsRead More
SAO PAULO, Jan 16 (Reuters) - Brazilian food retailer Carrefour Brasil said on Tuesday its fourth quarter gross sales rose 5.3 percent from last year to 13.63 billion reais ($4.23 billion).The company said gross sales for full-year 2017 jumped 7.2 percent, to 49.65 billion reais. Same-store sales, a measure of revenue from stores open at least 12 months, rose 1.4 percent in the fourth quarter. ($...Read More
Golden Predator Mining Corp. today reported results of 43 Grade Control drill holes at the 3 Aces Project in southeast Yukon, including the highest gold assays returned to date from drilling on the project.Read full newsRead More
Amid the bogs and forests of northern Alberta, in the heart of the Canadian oil patch, lie some of the largest waste dumps of the global energy business.Read full newsRead More
A call between President Donald Trump and Qatar's ruler on Monday was notable for what it didn't include -- a reference to the escalation in the long-running dispute between U.S. allies in the Gulf.Read full newsRead More
A strong start to earnings season helped the Dow topple 26,000 for the first time ever earlier and the S&P 500 Index (SPX) taking its inaugural trek north of 2,800, though stock markets have erased these gains amid fears of a possible government shutdown. While Chinese energy firm Recon Technology, Ltd. (NASDAQ:RCON) and casino name Wynn Resorts, Limited (NASDAQ:WYNN) are holding higher at last ch...Read More
Not since October 2016 has Goldman Sachs Group Inc (NYSE:GS) finished positive in the session after earnings. Following the last four earnings releases, the shares have one-day losses of 2.6%, 2.6%, 4.7%, and 0.6%. Despite this, options traders have been buying calls ahead of the bank's fourth-quarter earnings unveil tomorrow morning. Data from the International Securities Exchange (ISE), Chicago...Read More
CHICAGO, Jan 16 (Reuters) - Minnesota Governor Mark Dayton on Tuesday proposed $1.54 billion of capital projects funded largely through the sale of highly rated general obligation bonds, although the state's ratings have come under a cloud due to a fight over the legislature's budget.The Democratic governor's plan allocates $542 million for state universities and $998 million for state buildings,...Read More
NEW YORK, January 16, 2018 /PRNewswire/ --The lithium industry could be in for a big M&A consolidation in 2018....Read full newsRead More
Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) retreated slightly in after hours trade on Tuesday after the company announced full year production that came in at the lower end of production guidance.Barrick, the world's top producer of gold, is up 5% since the start of the year in line with a stronger gold price which set fresh 4-month highs around $1,340 an ounce on Tuesday. The Toronto-...Read More
Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) retreated slightly in after hours trade on Tuesday after the company announced full year production that came in at the lower end of production guidance.Barrick, the world's top producer of gold, is up 5% since the start of the year in line with a stronger gold price which set fresh 4-month highs around $1,340 an ounce on Tuesday. The Toronto-...Read More
* Dow tops 26,000 but Wall Street gives up gains* Dollar holds near three-year lows* Oil, copper drop after rally (Updates with European market close)By Chuck MikolajczakNEW YORK, Jan 16 (Reuters) - World stock markets edged lower on Tuesday, giving back earlier gains as Wall Street retreated from initial highs as a decline in oil and metals weighed on the energy and materials sectors. Wall Street...Read More
In the same way that the automobile was a big unknown in the days of horse-drawn carriages, cryptocurrencies are unknown in today's world of cash, gold, and credit cards. But it would be a grave mistake for government regulators to overreach and delay this innovation from reaching its potential. Bitcoin BTCUSD, +5.12% prices tumbled last week after reports that South Korea would ban cryptocur...Read More
(Kitco News) - Silver remains an overlooked asset, but in 2018 things could change, as prices are projected to rise based on recovering industrial and investor demand, according to HSBC’s latest silver outlook.“We expect silver to move moderately higher in 2018 and 2019 based on strong industrial demand and limited supply,” said James Steel, chief precious metals analyst at HSBC....Read More
(Kitco News) - Silver remains an overlooked asset, but in 2018 things could change, as prices are projected to rise based on recovering industrial and investor demand, according to HSBC’s latest silver outlook.“We expect silver to move moderately higher in 2018 and 2019 based on strong industrial demand and limited supply,” said James Steel, chief precious metals analyst at HSBC....Read More
Haris Chaudhry, executive chairman of InnovaDerma PLC (LON:IDP), tells Proactive's Andrew Scott he's confident of meeting market expectations for the year and that they've got much greater visibility on revenues for the second half than they've had in the past.Turnover in the six months to December grew by 31% on a constant currency basis to ?4.2mln. Meet Netscientific PLC, discoverIE Group...Read More
(Kitco News)- Unlike for gold, it has not been a good start to the yearfor crypto currencies, especially for bitcoin, which lost significant traction asprices trade around $11,000 an ounce.Tuesday has been a particularly disappointing day forbitcoin investors, as the digital currency has dropped almost 20% during thetrading session. Kitco.com’saggregated markets show bitcoin last traded at $...Read More
2:30pm: Speculators keep GKN Plc shares higher, FTSE 100 miners under fireGKN Plc (LON:GKN) remained one of London's most traded stocks on Tuesday, along with the FTSE 100 natural resource stocks.The engineering firm's shares were up 1.5%, changing hands at 444.1p, as traders continue to speculate around the possibility of a transaction with Melrose Industries Plc (LON:MRO).Rio Tinto Plc (LON:RIO)...Read More
(Adds Greenlight 2017 performance, Einhorn comments on tech, industrials, gold)BOSTON, Jan 16 (Reuters) - Hedge fund manager David Einhorn told investors on Tuesday that he made a "large" bet on insurer Brighthouse Financial late last year, and had made money on General Motors but lost by shorting Amazon and Tesla .Einhorn's Greenlight Capital bought into Brighthouse, MetLife's former U...Read More