Rio Tinto Group has dropped out of the bidding for a stake in Soc. Quimica & Minera de Chile SA, one of the world's top lithium producers, as it pursues other ways to capitalize on the electric-car boom, people familiar with the matter said.Read full newsRead More
View Sumitomo Corporation's news, Impact of Cyclone AVA on Ambatovy Joint VentureRead full newsRead More
OPEC may get the credit for the longest winter decline in U.S. crude stockpiles in a decade, but other factors are also at play, including strong refining margins, frigid weather and robust foreign demand.Read full newsRead More
U.S. stock indexes are bouncing back in a big way after a rare setback on Wednesday. The Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) have both hit record peaks, and the S&P 500 Index (SPX) is within striking distance of a fresh high, as well. The energy sector is a major reason for today's gains, with oil stock Chevron (CVX) providing the biggest boost to the Dow, as February c...Read More
By JanWolfeJan 11 (Reuters) - Tivo Corp has again accused cable operator Comcast Corp of using its patented interactive programming technology without authorization, the latest salvo in the companies' long-running royalty dispute.Tivo filed lawsuits in Boston and Los Angeles on Wednesday, saying Comcast's X1 video recording system infringed on patents describing functionality like pausing and resu...Read More
China may slow down its U.S. debt buying. Will gold rally or plunge, then?Dragons love hoarding gold and not onlyDragons love gold. In Greek mythology, dragons were set by the gods to guard golden treasures. It makes perfect sense, since it would be rather difficult to find better guards. Everybody who watched The Hobbit series knows that this is true - the powerful Smaug hoarded a lot and was rea...Read More
(Adds offer closing date, market value)LAGOS, Jan 11 (Reuters) - Flour Mills of Nigeria plans to start marketing a share sale to existing investors aimed at raising 39.86 billion naira ($130 million) on Jan. 15, the bourse said on Thursday, after granting approval.The flour and pasta maker will offer 1.47 billion shares at 27 naira apiece, an 18.2 percent discount to Thursday's market price of 33...Read More
(Refiles Jan 10 story to say in paragraph 9 that Tradeweb is majority-owned by Thomson Reuters, not owned by Thomson Reuters)By Abhinav RamnarayanLONDON, Jan 10 (Reuters) - Bonds and interest rate swaps trading on Tradeweb's multi-dealer platform have surged in early January as investors flock to electronic platforms to meet new, stricter regulations.In the first five days of trading under the se...Read More
(Bloomberg) - The global power needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growth driver for renewable energy producers from the U.S. to China.Miners of bitcoin and other cryptocurrencies could require up to 140 terawatt-hours of electricity in 2018, about 0.6 percent of the global total, Morgan Stanley analysts led by Nicholas...Read More
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") herein provides preliminary fourth quarter and full year production results for 2017. The Company is also pleased to report on construction activities at its Cerro Moro project in Argentina.Fourth quarter and 2017 operational highlightsStrong production momentum continued into the fourth quarter and for the full year 2017. Preliminar...Read More
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") herein provides preliminary fourth quarter and full year production results for 2017. The Company is also pleased to report on construction activities at its Cerro Moro project in Argentina.Fourth quarter and 2017 operational highlightsStrong production momentum continued into the fourth quarter and for the full year 2017. Preliminar...Read More
* U.S. crude jumps above $64/barrel, tagging along energy stocks* Xerox rises on deal talks with Japan's Fujifilm* U.S. producer prices dip 0.1 pct in Dec. vs est. of 0.2 pct rise* Indexes up: Dow 0.41 pct, S&P 0.30 pct, Nasdaq 0.31 pct (Changes comment, updates price, adds details)By Sruthi ShankarJan 11 (Reuters) - U.S. stocks rose on Thursday as a jump in oil prices lifted energy stocks to...Read More
Mr. Greg Smith of Calibre reportsCALIBRE AND CENTERRA GOLD DRILL 77.8 METRES GRADING 1.1 G/T AU AT THE CERRO AEROPUERTO GOLD DEPOSIT, NORTHEASTERN NICARAGUACalibre Mining Corp. has provided an update as the company and Centerra Gold Inc. continue to advance the Siuna project, Borosi Concessions, Northeast Nicaragua.Centerra can earn a 70-per-cent interest in the project by investing $7-million in...Read More
Mr. Greg Smith of Calibre reportsCALIBRE AND CENTERRA GOLD DRILL 77.8 METRES GRADING 1.1 G/T AU AT THE CERRO AEROPUERTO GOLD DEPOSIT, NORTHEASTERN NICARAGUACalibre Mining Corp. has provided an update as the company and Centerra Gold Inc. continue to advance the Siuna project, Borosi Concessions, Northeast Nicaragua.Centerra can earn a 70-per-cent interest in the project by investing $7-million in...Read More
LAGOS, Jan 11 (Reuters) - Flour Mills of Nigeria plans to start marketing a share sale to existing investors aimed at raising 39.86 billion naira ($130 million) on Jan. 15, the bourse said on Thursday, after granting approval.The flour manufacturer will offer 1.47 billion ordinary shares at 27 naira apiece, a 18.2 percent discount to Thursday's market price of 33 naira. It will offer nine new shar...Read More
By JEFF DESJARDINS on January 10, 2018Courtesy of: Visual CapitalistRecords for renewable energy consumption were smashed around the world in 2017.Looking at national and state grids, progress has been extremely impressive. In Costa Rica, for example, renewable energy supplied five million people with all of their electricity needs for a stretch of 300 consecutive days. Meanwhile, the U.K. broke...Read More
By Sujata RaoLONDON, Jan 11 (Reuters) - Concerns that Japan could exit stimulus sooner than expected have jolted world markets this week, including emerging economies where a stronger yen could persuade Japanese funds to dial back their slowly rising overseas allocations.The yen's surge after the Bank of Japan reduced its bond purchases on Monday lifted global bond yields and hit emerging currenci...Read More
By JEFF DESJARDINS on January 10, 2018Courtesy of: Visual CapitalistRecords for renewable energy consumption were smashed around the world in 2017.Looking at national and state grids, progress has been extremely impressive. In Costa Rica, for example, renewable energy supplied five million people with all of their electricity needs for a stretch of 300 consecutive days. Meanwhile, the U.K. broke...Read More
WASHINGTON, Jan 11 (Reuters) - For details of the U.S. Treasury's auction of 10-year Treasury Inflation Protected Securities next week, see: Keywords: USA DEBT/TIPS Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. no...Read More
WASHINGTON, Jan 11 (Reuters) - For details of the U.S. Treasury's auctions of 4-week, 13-week and 26-week bills next week, see:4-week bills 13-week bills 26-week bills (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; how...Read More