Four employees at the state-owned Zimbabwe Consolidated Diamond Company were found guilty of conniving to steal diamonds worth half a million dollars while replacing them with fake gems.According to local media, the main perpetrator of the crime, 34-year-old Anesu Dhliwayo, will remain in custody until January 12, following Harare magistrate Rumbidzai Mugwagwa's verdict that identified him as a fl...Read More
Four employees at the state-owned Zimbabwe Consolidated Diamond Company were found guilty of conniving to steal diamonds worth half a million dollars while replacing them with fake gems.According to local media, the main perpetrator of the crime, 34-year-old Anesu Dhliwayo, will remain in custody until January 12, following Harare magistrate Rumbidzai Mugwagwa's verdict that identified him as a fl...Read More
Russian coal and steel producer Mechel said that talks with banks on restructuring a $1 billion syndicated loan had concluded successfully.Mechel, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, had circulated the final draft of a restructuring proposal among its creditors last week. It needed the support of at least 75 per cent of the loan holders - a pre-ex...Read More
London-based Patagonia Gold (AIM:PGD) announced that it has signed a definitive agreement to acquire Pan American Silver's Calcatreu deposit, located 60 km south of the town of Ingeniero Jacobacci, in the Argentinian province of R?-o Negro.To move forward with the deal, Patagonia will acquire all shares of Minera Aquiline Argentina, a wholly-owned subsidiary of Pan American, for a total considerat...Read More
London-based Patagonia Gold (AIM:PGD) announced that it has signed a definitive agreement to acquire Pan American Silver's Calcatreu deposit, located 60 km south of the town of Ingeniero Jacobacci, in the Argentinian province of R?-o Negro.To move forward with the deal, Patagonia will acquire all shares of Minera Aquiline Argentina, a wholly-owned subsidiary of Pan American, for a total considerat...Read More
Scientists at the University of Tokyo's Institute of Industrial Science are using gold ions to understand the behaviour of liquids at the atomic level. This, in turn, would help them determine what are the needed components to design batteries with less volatility and flammability along with better conductivity for more energy efficient devices.In a study published in the past week in Science Adva...Read More
Scientists at the University of Tokyo's Institute of Industrial Science are using gold ions to understand the behaviour of liquids at the atomic level. This, in turn, would help them determine what are the needed components to design batteries with less volatility and flammability along with better conductivity for more energy efficient devices.In a study published in the past week in Science Adva...Read More
(Adds details, analysis)By Andrew TorchiaDUBAI, Jan 1 (Reuters) - Oman's state budget for 2018, approved by ruler Sultan Qaboos on Monday, boosts spending at the expense of running a large deficit, despite increasing concern among credit rating agencies about the health of the country's finances.The budget projects spending of 12.5 billion rials ($32.5 billion) this year, up from 11.7 billion in...Read More
* Gasoline hike came sooner than some had expected* May combine with VAT introduction to hit consumption* Saudi Public Transport shares rise, Budget Saudi falls* Telecommunications firm Mobily jumps* Other major regional bourses closed for holidays By Andrew TorchiaDUBAI, Jan 1 (Reuters) - Saudi Arabia's stock market fell on Monday after the government sharply raised domestic gasoline prices, a s...Read More
December 31, 2017 marked the end of an era for one of Canada's oldest and most prolific gold mines.After 107 years of operations, Porcupine Gold Mines' Dome underground mine in Timmins, Ontario, ceased operations due to aging infrastructure, low productivity and depleted resources. The minelife had been extended for 18 months in July 2016.According to a local news site, the mine's 140 workers had...Read More
December 31, 2017 marked the end of an era for one of Canada's oldest and most prolific gold mines.After 107 years of operations, Porcupine Gold Mines' Dome underground mine in Timmins, Ontario, ceased operations due to aging infrastructure, low productivity and depleted resources. The minelife had been extended for 18 months in July 2016.According to a local news site, the mine's 140 workers had...Read More
Roku (NASDAQ:ROKU), operator of the eponymous (and seemingly ubiquitous) streaming entertainment platform, made its Nasdaq trading debut as recently as Sept. 28, when the stock's initial public offering (IPO) priced at $14 per share. After a big two-day post-IPO rally, it was a tough slog for ROKU over the next month. From their Sept. 29 close at $26.54, the shares went on to shed 29% of their val...Read More
NEW DELHI, Jan 1 (Reuters) - India's annual infrastructure output grew 6.8 percent in November from a year ago, government data showed on Monday.The growth in output compares with an upwardly revised 5.0 percent year-on-year growth in October.During April-November, the annual output growth was 3.9 percent, data showed.Infrastructure output, which comprises eight sectors such as coal, crude oil and...Read More
CAIRO, Jan 1 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 2630.819.4consumerNovemberprices(year-on-year,pct change) CoreinflatioNovember25.5330.53 20.73n (year-on-year,pct change) Foreign November36.72336.70323.0...Read More
Jan 1 (Reuters) - Indian shares ended lower on Monday, recording their biggest daily percentage fall in a month, with financial and IT stocks leading the losses.The benchmark BSE index closed down 0.72 percent at 33,812.75. The broader NSE index ended 0.90 percent lower at 10,435.55.For midday report, click (Reporting by Tanvi Mehta in Bengaluru; Editing by Vyas Mohan) Disclaimer: The views expre...Read More
ISLAMABAD, Jan 1 (Reuters) - Pakistan's annual inflation rate jumped to 4.57 percent in December from 3.97 percent a year earlier, the state Bureau of Statistics said on Monday.On a month-on-month basis, inflation decreased 0.1 percent in December over the previous month, the bureau said.Food items such as tomatoes, onions and pulse mash were the main reasons for the decrease in month-on-month pri...Read More
South Korea's crude oil importsrose 3.0 percent in December from a year earlier to 96.8 millionbarrels, preliminary data from the Ministry of Trade, Industryand Energy showed on Monday.Final data will be released later this month by state-runKorea National Oil Corp (KNOC).Details of preliminary imports and previous actual figuresare as follows:(In millions of barrels) Dec 2017 Nov 2017* Dec 2016*...Read More
Two of Oklahoma's top titans of industry - natural gas and oil, and cattle - have much to look forward to in the new year, but also numerous challenges andRead full newsRead More
Not the place you would think.Read full newsRead More
Shale oil drilling has erased memories of long gas lines in the 1970s.Read full newsRead More