JOHANNESBURG, Jan 18 (Reuters) - The governor of South Africa's central bank, Lesetja Kganyago, has been appointed head of the International Monetary Fund's Monetary and Financial Committee, the global lender said on Thursday.Kganyago, governor of the South African Reserve Bank since 2014, will serve a three-year term on the IMF committee, beginning immediately.He replaces former governor of the M...Read More
Europa Oil & Gas Plc (LON:EOG) alongside Union Jack Oil PLC (LON:UJO) and project operator Egdon Resources Plc (LON:EDR) have told investors they'll now be making a new planning application to the North Lincolnshire council seeking consent for the Wressle field development.It comes after the planning inspectorate earlier this month rejected appeals made by Egdon and its partners following prio...Read More
Coffee concern Starbucks Corporation (NASDAQ:SBUX) is on the radar today, after the Seattle-based beverage chain received positive analyst attention ahead of its fiscal first-quarter earnings report, which is expected to drop a week from today, after the stock market closes. The note came from Credit Suisse, after the brokerage firm raised its price target to $57 from $54 on SBUX -- though this s...Read More
Cybersecurity stocks had a strong start to the year amid news of security flaws in Intel chips. And while Next-Generation Firewall parent Palo Alto Networks Inc (NYSE:PANW) has extended this momentum, Norton antivirus maker Symantec Corporation (NASDAQ:SYMC) has faltered. These trends are continuing today following a fresh round of analyst attention. Here's a closer look at how shares of PANW and...Read More
Health and wellness retailer GNC Holdings Inc (NYSE:GNC) is up 41.8% this morning at $4.89, after the company said it's expecting an increase in same-store sales for the fourth quarter. It also forecast earnings-per-share for the period at 24 cents to 25 cents, compared to the 7 cents per share it posted last year in the same period. This is a much-needed boost for GNC stock, which had been flound...Read More
Waxing optimistic on higher consumer spending and wage growth following the Republican tax bill, Goldman Sachs this morning added Wal-Mart Stores Inc (NYSE:WMT) stock to its "Conviction Buy" list. In fact, Walmart just recently announced plans to lift its own minimum wage for hourly employees in the wake of tax reform. In light of the upgrade from "neutral" to "buy," WMT stock is flirting with rec...Read More
Mr. Sean Roosen reportsOSISKO ANNOUNCES RECORD 2017 GOLD EQUIVALENT OUNCES Osisko Gold Royalties Ltd. has provided information on its preliminary 2017 gold equivalent ounces (GEOs).Record gold equivalent ounces earned in 2017 The company's portfolio of royalties, streams and other interests delivered a record number of GEOs during the fourth quarter and for 2017. The company received 58,933 GEOs...Read More
Mr. Sean Roosen reportsOSISKO ANNOUNCES RECORD 2017 GOLD EQUIVALENT OUNCES Osisko Gold Royalties Ltd. has provided information on its preliminary 2017 gold equivalent ounces (GEOs).Record gold equivalent ounces earned in 2017 The company's portfolio of royalties, streams and other interests delivered a record number of GEOs during the fourth quarter and for 2017. The company received 58,933 GEOs...Read More
OSLO, Jan 18 (Reuters) - Norway's central bank has awarded 24 billion Norwegian crowns($3.07 billion) in an F-deposit for Jan 18-23, with a highest rate of 0.48 percent, it said on Thursday.Overall demand in the auction was for 46.05 billion crowns.Allocation at the highest rate was 94.09 percent, the central bank added.($1 = 7.8237 Norwegian crowns) (Reporting by Oslo newsroom) Disclaimer: The v...Read More
PARIS, Jan 18 (Reuters) - France and Germany want to reach a joint position on euro zone reform, including tax convergence, the capital markets union and the banking union, between March and June this year, French Finance Minister Bruno Le Maire said on Thursday."We have ... an immediate priority which is the completion of the banking union, the completion of the capital markets union and tax...Read More
ELKO, Nev., Jan. 18, 2018 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") USAU, -19.35% a gold exploration and development company, announced today that it agreed to sell $5 million of shares of its Series E convertible preferred stock in a non-brokered registered direct offering. The shares of Series E convertible preferred stock have an offering price equal to...Read More
ELKO, Nev., Jan. 18, 2018 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") (NASDAQ: USAU), a gold exploration and development company, announced today that it agreed to sell $5 million of shares of its Series E convertible preferred stock in a non-brokered registered direct offering. The shares of Series E convertible preferred stock have an offering price equal to their stated valu...Read More
ELKO, Nev., Jan. 18, 2018 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") (NASDAQ: USAU), a gold exploration and development company, announced today that it agreed to sell $5 million of shares of its Series E convertible preferred stock in a non-brokered registered direct offering. The shares of Series E convertible preferred stock have an offering price equal to their stated valu...Read More
On Tuesday and Wednesday gold failed to breakout and is now under selling pressure, holding onto the $1,330level by its fingernails. With interest rates rising, although the FED is doingeverything it can to stop that, the offset of the weaker dollar is puttingweight on gold, stalling the drive higher. Coupled with some profit taking and yousee selling pressure on the metals.Factors that will push...Read More
After barreling to new record highs on Wednesday, the U.S. stock market looks set for a slow start. Blue chips appear ready to continue this week's outperformance, though, with futures on the Dow Jones Industrial Average (DJI) trading above fair value. And while the S&P 500 Index (SPX) is modestly higher in pre-market trading on a positive earnings reaction for Morgan Stanley (MS), the tech sector...Read More
TransCanada Corp. (TSX, NYSE:TRP) said Thursday it had gathered strong commercial support for its $8 billion Keystone XL Pipeline, adding it would continue to secure additional long-term contracts before it decides when it will start work on the project.The Calgary-based company added that after finishing an open season that allowed shippers to commit to space in the proposed pipeline, it secure...Read More
BRASILIA, Jan 18 (Reuters) - Brazil on Thursday offered an initial $1 billion worth of 2047 dollar bonds in the first sovereign debt transaction of the year, a source with direct knowledge of the matter told Reuters.In a statement, the National Treasury said it had hired Citigroup Inc , HSBC Holdings Plc and Morgan Stanley to underwrite the reopening of its 5.625 percent Global 2047 bond. There we...Read More
LONDON, Jan 18 (Reuters) - Platinum miner Lonminhas received a further waiver on its debt agreements from its lenders, preventing a default, the South Africa-focused company said on Thursday.London-listed Lonmin, which is being bought by Sibanye-Stillwater , has been battling liquidity issues caused by combination of low platinum prices, a strengthening local currency and soaring costs.Lonmin's le...Read More
Wood Mackenzie sees copper demand increasing significatively over global supply in the next decade and, together with it, miners' need for reliable sources of water."As constant and high demand for copper leads to resources running out, copper grades will progressively diminish. As a result, water demand will increase because it will be necessary to process more material to obtain the same amount...Read More
Wood Mackenzie sees copper demand increasing significatively over global supply in the next decade and, together with it, miners' need for reliable sources of water."As constant and high demand for copper leads to resources running out, copper grades will progressively diminish. As a result, water demand will increase because it will be necessary to process more material to obtain the same amount...Read More