The legalization of recreational marijuana in Canada boosted first-quarter salesThe shares of cannabis concern Tilray Inc (NASDAQ:TLRY) were higher in early trading, after the firm shared its first-quarter results. However, while traders initially cheered the company's biggest revenue beat since going public -- thanks to the legalization of recreational marijuana in Canada last October -- TLRY sha...Read More
A plan to build Zimbabwe's biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions.The African Export-Import Bank has the mandate to raise money for the mine, a joint venture between Russian and Zimbabwean investors. While the bank provided $192 million of it...Read More
AMAT snapped a six-day losing streak yesterdayThe shares of Applied Materials, Inc. (NASDAQ:AMAT) are up 1.8% to trade at $40.73 today, after a big bull note from Susquehanna. The brokerage firm raised its rating on the semiconductor concern to "positive" from "neutral," while upping its price target to $60 from $34 -- a nearly 50% premium to last night's close. The analyst in coverage sees the s...Read More
Ontario's government is working for the people by investing in Manitoulin's local aquaculture industry, creating four full-time jobs."We're helping local businesses create good jobs and do work that supports Manitoulin's growing aquaculture industry," said Greg Rickford, Minister of Energy, Northern Development and Mines. Ontario is investing more than $1.2 million in three businesses: John O Food...Read More
Markets Trade War Oil Bitcoin Gold Markets stable as Trump reassures Wall Street The markets are looking a little flat on Wednesday, with investors soothed by the calming words of Donald Trump who sought to reassure us all that the trade war with China is merely a little squabble. After freaking out at the beginning of the week, investors have quickly settled down and, it would appear,...Read More
Aurubis AG, Europe's largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings.Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall "significantly" by more than 15% compared with the previous year. The copper producer in February had forecast fu...Read More
Aurubis AG, Europe's largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings.Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall "significantly" by more than 15% compared with the previous year. The copper producer in February had forecast fu...Read More
The oversold stock just received another bull noteMKS Instruments, Inc. (NASDAQ:MKSI) received a bull note from Susquehanna this morning that gave the stock a "positive" rating along with a $123 price target. The price target is notable because MKSI shares settled at $80.75 on Tuesday, meaning the brokerage firm is betting on a 52% surge over the next year. However, such upbeat attention isn't rar...Read More
Nutrien, the world's largest fertilizer company says it plans to reduce production capacity at a potash mine west of Saskatoon later this year, a decision that is expected to result in around 80 job losses.The company will cut 20 full-time salaried staff and 60 workers who are paid hourly from its Vanscoy mine in the third quarter of 2019.Continue reading...Read More
The retail shares have struggled over the long term, thoughMacy's Inc (NYSE:M) stock is up 3.4% in electronic trading, after the department store chain reported stronger-than-forecast first-quarter adjusted profit of 44 cents per share on in-line revenue of $5.5 billion. Plus, same-store sales climbed 0.7% in the three-month period -- more than analysts were expecting -- "supported by the Growth50...Read More
Retail sales disappointed in both the U.S. and China Futures on the Dow Jones Industrial Average (DJI) are pointedlower today, down nearly triple digits amid lingering concerns about the global economy. In China, ugly data on industrial production and retail sales fueled stimulus expectations. In the U.S., meanwhile, traders are digesting April retail sales that dropped 0.2%, falling short of the...Read More
The world's top platinum miners are bracing for a fresh round of negotiations with South African workers as a rise in producer profits is likely to provoke higher wage demands from labour unions including the militant AMCU.Higher prices for palladium and rhodium and a weaker rand currency have boosted profits at miners such as Anglo American Platinum (Amplats), Sibanye-Stillwater, Impala Platinum...Read More
"Sirona Biochem Receives Positive Clinical Results of its Skin Lightening Compound TFC-1067 from China -- #SironaBiochem $SBM $SBM.CA $SBM.V @SironaBiochem #health #Skinlightening --Read the News Release here: https://t.co/4GLQorRJX1"Read full newsRead More
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
The Dubai Multi Commodities Centre and the China Gems and Jade Exchange signed a memorandum of understanding to create new trading opportunities between the United Arab Emirates and China.The China Gems and Jade Exchange is a national-level gemstone trading platform approved by the State Council of China.In a press release, the parties explained that the idea is to connect buyers and sellers of g...Read More
The Dubai Multi Commodities Centre and the China Gems and Jade Exchange signed a memorandum of understanding to create new trading opportunities between the United Arab Emirates and China.The China Gems and Jade Exchange is a national-level gemstone trading platform approved by the State Council of China.In a press release, the parties explained that the idea is to connect buyers and sellers of g...Read More
China's crude oil throughput rose in April to match record daily levels, go...Read full newsRead More
Near 17% decline in Chinese car sales in April - the 11th monthly drop in a row - compounds impact of Washington-Beijing trade salvoes.Read full newsRead More