WASHINGTON (Reuters) - Citibank (C.N) will pay more than $38 million to the U.S. Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday.The SEC found that Citibank falsely provided U.S. securities that represent foreign shares, or ADRs, to brokers in thousands of premature transactions. Those brokers and cu...Read More
CARACAS (Reuters) - Venezuela’s consumer prices rose 833,997 percent in the twelve months through October, according to a report by the opposition-controlled Congress published on Wednesday, the latest sign that policy changes in August failed to halt rampant hyperinflation.Monthly inflation decelerated to 148 percent from 233 percent in September, the data showed, but left the OPEC nation o...Read More
Resource and expansion drilling at the Kutcho copper-zinc project in B.C. has extended mineralization down dip of its Main deposit, reports Kutcho Copper Corp. (TSXV: KC; US-OTC: KCCFF).Mineralization was extended 50 metres down dip from previous drilling and beyond the project's existing resource model in drill hole KC18-280, which returned a 5.4 metre intercept from 193 metres down hole grading...Read More
WASHINGTON (Reuters) - President Donald Trump on Wednesday portrayed the midterm election results as “an incredible day” for his Republicans despite a Democratic takeover of the U.S. House of Representatives that will lead to greater restraints on his administration.At a White House news conference, Trump argued that Republicans beat historical odds in Tuesday’s elections, saying...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday said he hopes he can work with Congress to get enough money to build his long-promised border wall but that he would not necessarily force a government shutdown over the issue.“We need the money to build the wall, the whole wall, not pieces of it,” Trump told reporters at a news conference at the White House following Tues...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD REPORTS RESULTS FROM DRILLING OF THE NUCLEUS AU-AG-CU DEPOSIT, FREEGOLD MOUNTAIN PROPERTY, YUKON TERRITORYTriumph Gold Corp.has releasedthe results from 4,159 metres of diamond drilling, in 21 holes, conducted in the Nucleus gold-silver-copper deposit area. Highlights of the 2018 Nucleus drill program include: Four high-grade gold intersections:19.8 grams per...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday praised Interior Secretary Ryan Zinke, who has come under scrutiny for his use of a security detail, chartered flights and a real estate deal, but seemed to leave open the possibility of replacing him.“We’re looking at that, and I do want to study whatever is being said. I think he’s doing an excellent job but we wil...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
B2Gold (TSX: BTO; NYSE: BTG) produced a record 242,020 oz. gold in 2018's third quarter, 78% higher than in the same quarter of the previous year. It attributed its success to strong performances from the Kekola mine in Mali, the Masbate mine in the Philippines and the Otjikoto mine in Namibia.The company reported $324 million in gold revenue, 110% higher than in the same quarter of the previous...Read More
Total mortgage application volume fell 4 percent last week from the previous week.Volume was 16 percent lower than a year ago.Rising interest rates are now weakening affordability further.Diana Olick| @DianaOlickPublished 13 Hours AgoUpdated10 Hours AgoCNBC.com Scott Mlyn | CNBC A man enters a Bank of America branch in New York.Rising interest rates are now clearly taking their toll on potentia...Read More
MOSCOW - Polyus, Russia's largest gold producer, on Wednesday reported third-quarter net profit down 61 percent from a year ago to $144 million due to foreign exchange losses and other non-cash items.The company controlled by Said Kerimov, son of Russian tycoon Suleiman Kerimov, has not been targeted by the U.S. sanctions against Moscow. Washington included Suleiman Kerimov and some other Russian...Read More
Mr. Greg Smith reportsCALIBRE MINING STRENGTHENS MANAGEMENT AND BOARD OF DIRECTORS Calibre Mining Corp. has appointed two seasoned mining professionals to its board of directors. Effectively immediately, Russell Ball has been appointed as executive chair and Raymond Threlkeld joins the board as a director.Concurrent with these appointments, John Reynolds has stepped down from the Calibre board an...Read More
Idaho, Utah, and Nebraska voted to expand Medicaid programsStocks are surging today, as Wall Street reacts positively to the U.S. midterm election results. The Dow Jones Industrial Average (DJI) is deep into triple-digit territory at last check -- pacing for a third straight win -- as insurance giant UnitedHealth (UNH) pops after Idaho, Utah, and Nebraska voted to expand Medicaid programs for low-...Read More
DVA is on pace for its best day of 2018Yesterday's midterm elections have several sectors moving, and dialysis service provider DaVita Inc (NYSE:DVA) is no exception. The shares are on pace for their best day since an M&A-inspired bull gap in early December, after California's Proposition 8 was defeated. The measure would have capped the rates dialysis providers charge insured patients. As such, a...Read More
What it means when S&P stocks achieve a selling climaxThe stock market last week attempted to chip away at its steep October losses, with the S&P 500 Index (SPX) enjoying its best week since March. What's more, over 10% of SPX stocks achieved a "selling climax" -- something we haven't seen since January 2016. For the uninitiated, a selling climax occurs when a stock hits a 52-week low in intraweek...Read More
Gold still has support from equity market and political uncertainty.Rising interest rates are keeping a lid on gold prices, however.Latest show of immediate-term weakness in dollar index is constructive.The return of a "risk-on" stance among equity investors and rising Treasury yields continue to weigh against gold in the immediate term. As we'll discuss in today's report, however, not all the new...Read More
(Kitco News)- A shift in the political landscape following Tuesday’s midtermelections in the U.S. is only having a material impact on gold prices as the U.S.dollar loses some momentum.As many political pundits expected, the Democratic Party regainedcontrol over the House and the Republican Party retained control over theSenate, expanding their majority by five seats. While the U.S. dollar is...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
BERLIN/LONDON (Reuters) - Stymied at home by Democrats determined to subvert his domestic agenda, President Donald Trump could double down on his disruptive foreign policy in the years ahead, with conflicts over trade a particular concern, politicians, diplomats and analysts in Europe said.Democrats wrested control of the U.S. House of Representatives from Trump’s Republicans in midterm elec...Read More
BERLIN (Reuters) - Pitching to succeed Angela Merkel as Christian Democrat (CDU) leader, Annegret Kramp-Karrenbauer promised on Wednesday a new chapter for Germany in which “people feel at home here” after a period of political turmoil marked by the rise of the far-right.Should she secure the CDU leadership, Kramp-Karrenbauer, 56, would be in pole position to succeed Merkel as chancell...Read More