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Investors left in the lurch as Carillion goes into liquidation

January 15, 2018 / www.proactiveinvestors.co.uk

ETX Capital's senior market analyst Neil Wilson gives his view on the collapse of Carillion PLC (LON:CLLN).The construction company confirmed its collapse today after the failure of talks with key financial and other stakeholders, including the UK government over the course of the weekend and has taken steps to enter into compulsory liquidation with immediate effect.  Meet Netscientific PLC,...Read More

Acacia Mining's Q4 output down on Tanzania export ban

January 15, 2018 / www.mining.com

JOHANNESBURG, Jan 15 (Reuters) - Acacia Mining said on Monday said fourth-quarter production fell by a third on the previous year due to a ban on exports of gold and copper concentrates in Tanzania.The London-listed miner said production in the three months to December fell 30 percent to 148,477 ounces compared with a year ago and 22 percent from the previous quarter. This brought 2017 gold to 767...Read More

Acacia Mining's Q4 output down on Tanzania export ban

January 15, 2018 / www.mining.com

JOHANNESBURG, Jan 15 (Reuters) - Acacia Mining said on Monday said fourth-quarter production fell by a third on the previous year due to a ban on exports of gold and copper concentrates in Tanzania.The London-listed miner said production in the three months to December fell 30 percent to 148,477 ounces compared with a year ago and 22 percent from the previous quarter. This brought 2017 gold to 767...Read More

UPDATE 1-Israel 2017 inflation 0.4 pct vs -0.2 pct in 2016

January 15, 2018 / www.kitco.com

(Adds data, comments, table)JERUSALEM, Jan 15 (Reuters) - Israel's year-on-year inflation rate rose for the fourth straight month in December, to 0.4 percent, data from the Central Bureau of Statistics showed on Monday.The consumer price index had risen 0.3 percent increase in November. Analysts polled by Reuters had predicted the same rise for December.Inflation for 2017 as a whole was also 0.4 p...Read More

Zimbabwe December inflation quickens to 3.46 percent y/y - Zimstats

January 15, 2018 / www.kitco.com

HARARE, Jan 15 (Reuters) - Zimbabwe's consumer price inflation quickened to 3.46 percent year-on-year in December from 2.97 percent in November, data from the national statistics agency showed on Monday.On a month-on-month basis, prices rose by 0.53 percent in December after rising 0.74 percent previously, Zimstats said. (Reporting by MacDonald Dzirutwe; Editing by Alison Williams) Disclaimer: Th...Read More

Sudanese pound weakens on black market amid dollar shortage

January 15, 2018 / www.kitco.com

KHARTOUM, Jan 15 (Reuters) - The Sudanese pound weakened on the black market on Monday amid a foreign currency shortage that has crippled the economy as Khartoum pursues reforms aimed at boosting growth. The pound traded at 34 to the U.S. dollar on Monday, down from about 30 last week, traders said. Sudan devalued its currency to 18 pounds per U.S. dollar from 6.7 previously earlier this month, ho...Read More

Israel 2017 inflation 0.4 pct vs -0.2 pct in 2016

January 15, 2018 / www.kitco.com

JERUSALEM, Jan 15 (Reuters) - Israel's year-on-year inflation rate rose for the fourth straight month in December, data from the Central Bureau of Statistics showed on Monday.The consumer price index showed prices gained 0.4 percent from a year earlier versus a 0.3 percent increase in November. Analysts polled by Reuters had predicted a 0.3 percent rise.Inflation for 2017 as a whole was also 0.4 p...Read More

Carillion collapse hits banks and investors, boosts short sellers

January 15, 2018 / www.kitco.com

By Emma Rumney, Ben Martin and Alasdair PalLONDON, Jan 15 (Reuters) - Leading British lenders including Barclays , the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion's collapse on Monday. Along with 10 other banks, they arranged a 790 million pound($1.1 billion) revolving credit facility for Caril...Read More

Gold Prices Have Room To Run; Watch $1,357 - Saxo Bank

January 15, 2018 / www.kitco.com

(Kitco News)- The gold market is taking full advantage of a quietholiday Monday by pushing to key resistance levels as the U.S. Dollar indexdrops to its lowest level in three years.While American equity markets are closed for MartinLuther King Jr. Day, futures continue to trade through electronic platforms.February gold futures were last at $1.341.30 an ounce, up 0.48% on the day, whichis slightly...Read More

Euro briefly rises, German yields up after ECB's Hansson's comments

January 15, 2018 / www.kitco.com

LONDON, Jan 15 (Reuters) - The euro briefly extended gains and German benchmark bond yields hit the day's high after European Central Bank rate-setter Ardo Hansson said the central bank could end its bond purchase scheme in one go after September if the economy and inflation develop as expected.Minutes of the ECB's December meeting published on Thursday suggested growing appetite for revising the...Read More

Investors see few silver linings in Carillion collapse

January 15, 2018 / www.4-traders.com

Investors struggled to find buying opportunities after the collapse of British construction and support services company Carillion on Monday, underscoring how risks have piled up for the whole industry.Calculating the implications of one of the biggest UK corporate failures of recent years is a challenge because of the wide scope of Carillion's operations. Companies from Serco to Interserve, Balfo...Read More

UPDATE 2-Drugmaker Dermapharm gears up for likely first German IPO of 2018

January 15, 2018 / www.kitco.com

* To raise about 100 mln euros in fresh capital* Owner to sell some shares* Targets free float of 25 pct* To be valued at 1.5-1.75 bln euros after IPO (Adds details on full IPO pipeline expected this year)FRANKFURT, Jan 15 (Reuters) - German drugmaker Dermapharm is preparing for an initial public offering (IPO), probably stealing a march on much larger Siemens' healthcare unit Healthineers as the...Read More

CANADA STOCKS-TSX rises with gold miners and pot producers

January 15, 2018 / www.kitco.com

(Adds details on specific stocks, updates prices)* TSX up 47.11 points, or 0.29 percent, at 16,355.29* Eight of the TSX's 10 main groups move higher TORONTO, Jan 15 (Reuters) - Canada's main stock index rose in morning trade on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high.* At 10:20 a.m. EST (1520 GMT), t...Read More

Lottery operator Sazka Group raises stake in Casinos Austria

January 15, 2018 / www.kitco.com

VIENNA, Jan 15 (Reuters) - Czech-based lottery and gaming group Sazka Group, which is considering a stock market listing in London, has increased its stake in Casinos Austria, it said on Monday.Sazka, owned by Czech investors Karel Komarek's KKCG group and Jiri Smejc's EMMA Capital, got approval from Casinos Austria's shareholders to increase its stake to 34 percent from 11.3 percent after buying...Read More

Any rule on Bitcoin must be global, Germany's central bank says

January 15, 2018 / www.kitco.com

FRANKFURT, Jan 15 (Reuters) - Any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community, a director at Germany's central bank said on Monday.National authorities across the globe, and particularly in Asia, have attempted to put the brakes on a global boom in the trading of Bitcoin and...Read More

LPC-EG Group set to launch 3.5bn loan

January 15, 2018 / www.kitco.com

By Claire RuckinLONDON, Jan 15 (Reuters) - UK petrol station operator EG Group is set to launch an approximate 3.5bn-equivalent leveraged loan to back acquisitions and refinance existing debt, banking sources said.Bank of America Merrill Lynch, Barclays and Goldman Sachs are leading the jumbo financing alongside Credit Suisse, Deutsche Bank, ING, Lloyds, Rabobank, RBC and UBS, the sources said.The...Read More

U.S. Equities Closed But Futures Are Open And Up Big

January 15, 2018 / www.kitco.com

Monday, January 15th is Martin Luther King Jr. day and the U.S. equity markets are closed. However, most of the futures markets are open electronically and trading much higher. The DOW Futures are up huge, oil is flat, while the dollar is getting hammered.The big story is the continuation of the gold breakout. The last week’s rally finished well above the $1,330 resistance level and now look...Read More

Average yields fall on Egypt's five- and 10-year T-bonds

January 15, 2018 / www.kitco.com

CAIRO, Jan 15 (Reuters) - Average yields on Egypt's five- and 10-year treasury bonds fell at an auction on Monday, central bank data showed.The average yield on the five-year bond fell to 15.441 percent from 15.856 percent at the last similar auction. The average yield on the 10-year bond fell to 15.306 percent from 16.025 percent. (Reporting by Arwa Gaballa; Editing by Catherine Evans) Disclaime...Read More

Hedge Funds Continue To Pile Into Gold, Silver As USD Struggles

January 15, 2018 / www.kitco.com

(Kitco News)- A weaker U.S. dollar and ongoing weak inflation concernscontinue to prompt hedge funds into gold, pushing prices to their highestlevels since September.While gold futures saw its most substantial inflows sinceAugust last week, the U.S. dollar saw shorts increase to highest levels sinceAugust, according to Ole Hansen, head of commodity strategy at Saxo Bank. Headded that the U.S. doll...Read More

Norway central bank awards NOK 3 bln in F-deposits

January 15, 2018 / www.kitco.com

OSLO, Jan 15 (Reuters) - Norway's central bank has awarded 3 billion Norwegian crowns($379.67 million) in an F-deposit for Jan 15-18, with a highest rate of 0.49 percent, it said on Monday.Overall demand in the auction was for 16.84 billion crowns.Allocation at the highest rate was 60.42 percent, the central bank added.($1 = 7.9016 Norwegian crowns) (Reporting by Oslo newsroom) Disclaimer: The vi...Read More

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