FRANKFURT, Jan 27 (Reuters) - Deutsche Bank will hike annual bonus payments to more than 1 billion euros ($1.2 billion) despite posting its third consecutive annual loss in 2017, a German newspaper reported.The move comes amid concern another year of low bonuses could prompt investment bankers to defect to more generous competitors, German weekly Frankfurter Allgemeine Sonntagszeitung said on Satu...Read More
(Refiles JAN 25 story to clarify Swissport description in headline and first paragraph)ZURICH, Jan 25 (Reuters) - Chinese conglomerate HNA Group is planning to float its Swissport unit on the Swiss exchange later this year, the airport ground services and cargo handling business said on Thursday, confirming an earlier report from Reuters.Swissport said the decision to list in its home country und...Read More
It may not have been the top mover on AIM, but Summit Therapeutics is more than worthy of kicking off this week's column.The drug developer took another step towards finding a treatment for Duchenne Muscular Dystrophy - one of the most devastating diseases around.What makes DMD - a severe muscle wasting disease - quite so disturbing is that it only affects young boys, usually from around four year...Read More
A South African businessman now living in Canada wants to sell a unique collection of solid gold items intimately associated to Nelson Mandela, including the world's only gold cast hand belonging to the anti-apartheid revolutionary and political leader, who died in 2013.Malcolm Duncan worked alongside Madiba opening a breast cancer clinic back in 2000. He confesses that, while he didn't like Mande...Read More
BEIJING, Jan 27 (Reuters) - China's securities regulator on Friday approved three initial public offering applications, which combined will raise as much as 4.9 billion yuan ($775 million). Jiangsu Financial Leasing and Tianjin 712 Communication Broadcast will be listed on the Shanghai Stock Exchange, and a Guizhou-based tech firm will be traded on the NASDAQ-style board ChiNext, the China Securit...Read More
ASHGABAT, Jan 27 (Reuters) - The economy of ex-Soviet republic of Turkmenistan grew by 6.5 percent last year, accelerating from a 6.2 percent increase in 2016, Turkmen President Kurbanguly Berdymukhamedov said at a televised government meeting on Saturday.He said growth was achieved thanks to rising volumes of exports, which grew by 6.6 percent last year. Turkmenistan exports natural gas to China,...Read More
JUNEAU, Alaska (AP) - The U.S. Environmental Protection Agency on Friday halted plans to withdraw proposed restrictions on mining activity near a major Alaska salmon fishery, drawing praise from opponents of the Pebble Mine project. Last year, in settling a...Read full newsRead More
Scott Pruitt's decision maintains the Obama-era stance that the operation could harm world's largest sockeye salmon fishery.Read full newsRead More
The Trump administration is reviving a controversial Obama administration proposal to block a massive gold mine proposed in Alaska after previously saying it wouldRead full newsRead More
VANCOUVER - Quarterly gold production at SSR Mining Inc.'s Nevada mine rose in the fourth quarter of 2017, the company reported in results released mid-January. Overall, SSR met or exceededRead full newsRead More
Illegal gold miners in the Peruvian Amazon use mercury to process the precious metal that's exported to the United States. But researchers are finding that the mercury is harming the health of people - particularly children - far removed from the mining camps.Read full newsRead More
Check out this short video, where Director of Research Matthew Warder tells you what gold companies to look for and how to invest in them today...Read full newsRead More
Jan 26 (Reuters) - Hengxing Gold Holding Co Ltd: * ?EUR?GROUP'S GOLD MOUNTAIN MINE CRUSHED AND PROCESSED 1.39 MILLION TONNES OF ORE AND PRODUCED 17,265 OUNCES OF GOLD DURING Q4 OF 2017?EUR< Source text for Eikon: ...Read full newsRead More
The U.S.’s merchandise-trade deficit unexpectedly grew to $71.6 billion in December from a revised $70 billion the prior month, marking the widest gap since July 2008, preliminary figures from the Commerce Department showed Friday. The median estimate of economists in a Bloomberg survey forecast a deficit of $68.9 billion. America’s shortfall with the world has be...Read More
Consumer spending, business investment signal solid momentumDemand, inflation data likely keep Fed on track for rate hikesU.S. GDP Grows Below-Expectations at 2.6% in 4QThe U.S. economy expanded at a slower-than-projected pace in the fourth quarter on drags from trade and inventories, offsetting strength in consumer spending and business investment that signals solid momentum entering 2018.Gross d...Read More
Orders placed with U.S. factories fordurable goods increased in December by the most in six months,providing more evidence of a bustling industrial sector. Bookings for goods meant to last at least three yearsincreased 2.9 percent after a 1.7 percent advance in Novemberthat was larger than previously reported, data from the CommerceDepartment showed Friday. While orders for non-military capital go...Read More
Gold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings."Confidence in too many things is too high," Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "gold does well when people are afraid of other stuff." Rule is more upbeat on gold miners, despite miners having lagged physical gold last year. ...Read More
A rapidly increasing price level for gold may not be beneficial to investors, said best-selling author, Jim Rickards. $10,000 an ounce is "approximately the implied non-deflationary price of gold in a gold-backed monetary system," Rickards told Kitco News on the sidelines of the Vancouver Resource Investment Conference. Rickards noted, however, that gold at $10,000 levels may imply an increase...Read More
Adam HamiltonArchivesJan 26, 2018 Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout...Read More
The Dow Jones Industrial Average and the S&P 500 hit intraday highs on Friday, Jan. 26, after Donald Trump told CEOs and world leaders gathered in Davos, Switzerland, that the U.S. was "open for business and we are competitive once again." Trump, in his keynote address Friday at the World Economic Forum, said the U.S. supported free trade "but it needs to be fair and it needs t...Read More