(Amends story after SocGen corrects its statement that it mademarkets only in gold)By Peter HobsonLONDON, April 30 (Reuters) - The London Bullion MarketAssociation (LBMA) said Societe Generale had resignedas a market maker for gold and silver, as France's third-largestbank pushes ahead with a downsizing of its commodities business.SocGen said this month it would cut 1,600 jobs to boostprofits afte...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 30 (Reuters) - Copper prices rose on Tuesdayas investors bet that top consumer China would respond to weakfactory data by implementing fresh stimulus measures.Zinc also gained more than 1 percent as surging premiums forcash metal on the London Metal Exchange (LME) pointed to ashortage of nearby supply.Benchmark LME copper on the LME closed...Read More
As Tokyo traders go on holiday, EWJ just rallied into a potentially formidable layer of chart resistanceJapanese stocks were a remarkably hot commodity among investors last week, according to the latest fund flows data (via Bank of America-Merrill Lynch). BAML reports inflows of $5.4 billion into Japanese equity funds during the week ended April 24, yielding their biggest one-week take since March...Read More
Analysts estimate the company will report a $0.06 loss per share, but that doesn't mean it can't glimmer in other ways.Read full newsRead More
(Adds Breakingviews link, closing share price)By Alwyn Scott and Rachit VatsApril 30 (Reuters) - General Electric Co said onTuesday it generated more profit and lost less cash thanexpected in the first quarter, suggesting an improving outlookunder its new leader that sent its shares and bonds higher.New Chief Executive Larry Culp cautioned, however, that theresults stemmed largely from the timing...Read More
A bitter battle for control of Canada's Guyana Goldfields (TSX: GUY) between the miner and dissent shareholders led by founder and ousted chairman, Patrick Sheridan, has been finally settled this week, costing the company's head his job.As part of the agreement, the Toronto-based miner is appointing two new independent directors to the board - Alan Pangbourne and Allen Palmiere - with other two...Read More
A bitter battle for control of Canada's Guyana Goldfields (TSX: GUY) between the miner and dissent shareholders led by founder and ousted chairman, Patrick Sheridan, has been finally settled this week, costing the company's head his job.As part of the agreement, the Toronto-based miner is appointing two new independent directors to the board - Alan Pangbourne and Allen Palmiere - with other two...Read More
Tower Resources (TSXV: TWR) announced this week that its team of geologists started an exploration program on the Nechako property, located in the western Canadian province of British Columbia.In a press release, Tower said the campaign will begin with infill reverse circulation or RC drilling at the head of the Nechako dispersal train.In the current RC drilling program, six to eight infill holes...Read More
Tower Resources (TSXV: TWR) announced this week that its team of geologists started an exploration program on the Nechako property, located in the western Canadian province of British Columbia.In a press release, Tower said the campaign will begin with infill reverse circulation or RC drilling at the head of the Nechako dispersal train.In the current RC drilling program, six to eight infill holes...Read More
Tower Resources (TSXV: TWR) announced this week that its team of geologists started an exploration program on the Nechako property, located in the western Canadian province of British Columbia.In a press release, Tower said the campaign will begin with infill reverse circulation or RC drilling at the head of the Nechako dispersal train.In the current RC drilling program, six to eight infill holes...Read More
American Battery Metals (CSE: ABC) announced this week that it has entered into a non-binding letter of intent to acquire a 90% interest in Ontario-based E.U. Energy Corp. and its 100%-owned Viken project in Sweden.In a media statement, the North Vancouver-based company said the letter of intent stipulates that American Battery Metals has to issue 20 million shares in exchange for 90% of the issue...Read More
In the latest Canadian Insider Insights we provide our best take on when markets may peak this year. Click here to read our weekly newsletter.Read More
Sirius Minerals (LON:SXX), the British company building a huge fertilizer mine beneath a national park, has signed up Wall Street giant JPMorgan to provide financing in the form of bonds and credit up to about $3.8 billion.The bank is underwriting a $400 million share placement, launched on Tuesday, at a price between 15p to 18p per share. It is also using its balance sheet to provide a $2.5 bi...Read More
Sirius Minerals (LON:SXX), the British company building a huge fertilizer mine beneath a national park, has signed up Wall Street giant JPMorgan to provide financing in the form of bonds and credit up to about $3.8 billion.The bank is underwriting a $400 million share placement, launched on Tuesday, at a price between 15p to 18p per share. It is also using its balance sheet to provide a $2.5 bi...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), today announced its audited financial results for the twelve months ended December 31, 2018 ("FY2018"). On January 9, 2018 the Company changed its fiscal year-end from February 28 to December 31. As required in such cases, FY2018 is being compared to the ten months ended December 31, 2017 (the "Comparati...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 and the Nasdaq closed at record highs again Monday as earnings season continues and a meeting of the Federal Reserve looms later in the week. Walt Disney (DIS - Get Report) shares traded slightly lower as its film - "Avengers: Endgame" - broke a box office record over the weekend with $1.2 billion in ticket sa...Read More
Warehouse operator Access World has significantly increased its London Metal Exchange warehouse presence in Port Klang, Malaysia, by listing 25 new LME-registered warehouses there over the past two weeks.Nineteen Access World-owned warehouses in Port Klang were listed on Monday April 29, according to an LME notice. Six had previously been listed on April 17 in Port Klang. Before the mass listing o...Read More
Aluminium's three-month price on the London Metal Exchange fell by more than 1% at the close of trading on Monday April 29, reaching its lowest level since January amid fresh inflows of more than 50,000 tonnes. The light metal closed at $1,828 per tonne this afternoon, with volumes traded leading the complex, with more than 12,400 lots changing hands by the close, while open interest has climbed b...Read More
Treatment charges (TCs) paid for zinc concentrates on the spot market declined in April, with Chinese smelters and traders actively acquiring tonnages at lower levels than before.Fastmarkets monthly assessment for zinc concentrate spot TCs, cif Asia Pacific, was at $260-290 per tonne on April 26, down from $270-305 per tonne on March 29.The drop marks a break in the uptrend for sharply rising zinc...Read More
Treatment charges (TCs) paid for zinc concentrates on the spot market declined in April, with Chinese smelters and traders actively acquiring tonnages at lower levels than before.Fastmarkets monthly assessment for zinc concentrate spot TCs, cif Asia Pacific, was at $260-290 per tonne on April 26, down from $270-305 per tonne on March 29.The drop marks a break in the uptrend for sharply rising zinc...Read More