* Union demands 6 pct higher pay, right to shorter hours* Employers reject demand for right to reduced hours* Regional talks in Baden-Wuerttemberg due on Thursday* Union IG Metall has threatened 24-hour strikes* Germany is Europe's economic powerhouse (Adds comments after talks, opinion poll)By Ilona WissenbachBOEBLINGEN, Germany, Jan 11 (Reuters) - German labour bosses and industrial employers ag...Read More
Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in To...Read More
Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering led by Goldman Sachs Group Inc and JPMorgan Chase & Co , Bloomberg reported, citing people familiar with the matter.Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first half of 2018, the report said.The company, valued at a...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Recasts, adds closing prices, details)By Maytaal AngelLONDON, Jan 11 (Reuters) - Nickel fell on Thursday as traders took profits after pushing the metal to its highest level in 2-1/2 years in the previous session, while zinc headed towards its highest in more than a decade amid a supply crunch. Four nickel mines in the Philippines, a key nickel export...Read More
SunPower Corporation (NASDAQ:SPWR) is up 9.6% to trade at $9.31, on track to finish about the $9 level for the first time since Dec. 22. Earlier in the week, however, the solar stock pulled back to within one standard deviation of its 40-day moving average. This SPWR pullback may have marked a buying opportunity,as the trendline has historically had bullish implications.According to Schaeffer's...Read 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
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
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 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
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
Gold’s technical posture on thecharts remains constructive, says Lukman Otunuga, research analyst atFXTM. The metal is modestly higher so far Thursday, helped by a softer U.S.dollar. “With the greenback somewhat shaky and still struggling to gain ground,gold is likely to remain supported moving forward,” Otunuga says. “Taking alook at the technical picture, the metal still...Read More
* Graphic: sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote By Jemima Kelly and Saikat ChatterjeeLONDON, Jan 11 (Reuters) - Sterling slipped to a one-week low against the euro on Thursday, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming...Read More
The U.S. stock market will be closed on Monday, Jan. 15, for Martin Luther King Jr. Day. If past is prologue, the S&P 500 Index (SPX) could be in for a rough holiday week, too. Below, we take a look at how the SPX tends to perform during MLK Week, and why buyers should beware blue-chip stock American Express Company (NYSE:AXP) ahead of earnings.S&P Struggles During MLK WeekSince 1998, the S&P has...Read More