Although the amount of silver used in solar cells has been decreasing 5-6 percent per year, that's offset by the overall growth in the market of around 20 percent a year. Continue...Read More
LONDON, 2 January 2018 - London's financial newspaper CityAM today reports how BullionVault saw a surge of gold investment demand to mark the end of last year."Data from [the] online gold platform showed private investors' gold demand hitting a 13-month high in December to end 2017 with a bang," says the paper online."This was the heaviest net demand since November 2016, when Donald Trump won the...Read More
Eric Griffin takes your top questions to ITM Trading's Chief Market Analyst Lynette Zang.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes st...Read More
(Recasts, adds details, background)* Singapore Q4 GDP +2.8 pct q/q annualised; +3.1 pct y/y* Median forecasts: +2.9 pct q/q; +2.7 pct y/y* Full-year 2017 growth 3.5 pct, fastest since 2014 SINGAPORE, Jan 2 (Reuters) - Singapore's economic growth slowed in the fourth quarter as manufacturing lost steam, weighing on a pickup in services sector activity, although full-year growth for 2017 was the f...Read More
SINGAPORE, Jan 2 (Reuters) - Singapore's private home prices rose 0.7 percent in the fourth quarter and edged up 1.0 percent for the whole of 2017, recording the first annual rise in four years, adding to nascent signs of a recovery in the city-state's property market.The Urban Redevelopment Authority on Tuesday released flash estimates for the change in Singapore private home prices during the fo...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.3 pct, CSI300 +0.3 pct, HSI +0.2 pct* HK->Shanghai Connect daily quota used 6.7 pct, Shanghai->HK daily quota used 22.4 pct* HK->Shenzhen Connect daily quota used 5.9 pct, Shenzhen->HK daily quota used 12.8 pct* CNY official close 6.5069 per dollar* FTSE China A50 +0.0 pct, BNY Mellon ADR China Select Index -0.4 pct SHANGHAI, Jan 2 (Reuters)...Read More
Jan 2 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS4-JanSpain Bond auction5-JanJapan 3-month discount bill auction8-JanFranceAuction of BTF Treasury notes8-JanNetherlands DTC auction9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherl...Read More
Jan 2 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is fileddaily.----------------------------------------------------------- WEDNESDAY, JANUARY 3 WASHINGTON - U.S. Federal Reserve's Federal Open Market Committee (FOMC) will release the minutes fro...Read More
SINGAPORE, Jan 2 (Reuters) - Singapore's economy grew 3.1 percent in the fourth quarter compared with a year earlier, with growth moderating from the third quarter's strong pace.The median forecast in a Reuters poll was for growth of 2.7 percent year-on-year. GDP grew 2.8 percent in the October-December quarter from the previous quarter, on an annualised and seasonally adjusted basis, according to...Read More
SYDNEY, Jan 2 (Reuters) - Home prices across Australia's major cities fell in December as the once red-hot Sydney market continued to cool in the face of tighter rules on investment lending, a relief to regulators but a potential drag on consumer spending power.Property consultant CoreLogic said its index of home prices for the combined capital cities dipped 0.4 percent in December from November.A...Read More
Jan 2 (Reuters) - Australian shares are seen logging a soft start to 2018 on Tuesday, tracking a weak finish on Wall Street in the previous session, with thin trading expected in the absence of cues as financial markets worldwide remained shut for the New Year's holiday.U.S. stocks closed out their best year since 2013 on a down note on Friday, with losses in technology and financial stocks keepin...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------1100/1600: The USDA releases weekly U.S. export inspections for grains and oilseeds. (Delayed from Monday due to the New Year's Day federal holiday)1130/1630: The Treasury Dept holds weekly sale of 3-, 6-month bills. (Delayed from Monday due to the New Year's Day federal holiday)1300/1800: The Treasury Dept. sells 4- and 5...Read More
Jan 2 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,065.10 -23.00NZX 50**8,398.08 -10.45DJIA24,719.22-118.29 NIKKEI**22,764.94-19.04Nasdaq6,903.389-46.771 FTSE**7,687.77 64.89S&P 500 2,673.61 -13.93Hang Seng** 29,919.1555.44SPI 200 Fut 6019.0 -27 STI** 3,402.92 3.82SSEC**3,307.1721 10.78740KOSPI** 2,467.49 30.82-------------------------------------------------------...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
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
(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
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