Feb 19 (Reuters) - Australian property classifieds website Domain Holdings Australia Ltd said on Monday that it made a loss in its first half as a jump in expenses weighed on earnings.The statutory net loss after tax was A$3.4 million ($2.69 million) for the six months to Dec. 31, the company said in its first earnings update since being spun off by newspaper publisher Fairfax Media Ltd in Novembe...Read More
WELLINGTON, Feb 19 (Reuters) - Growth in New Zealand's services sector eased in January and new orders fell to their lowest in 10 months, a survey showed on Monday.The Bank of New Zealand-Business NZ's seasonally adjusted performance of services index (PSI) edged down to 55.8 from 56 in the previous month. A reading above 50 indicates expansion in activity.The sub-index measuring new orders and bu...Read More
Feb 19 (Reuters) - Australian shares are set to slip mildly at Monday's open, extending a loss incurred on Friday. Australian share price index futures fell about 0.1 percent, or 7 points, to 5,850, a 54-point discount to the underlying S&P/ASX 200 index close. The benchmark lost 0.1 percent on Friday.Meanwhile, New Zealand's benchmark S&P/NZX 50 index fell 0.1 percent in early trade, weig...Read More
Story developed using data from Mining Intelligence. Learn more and schedule a demo.Drill results are important indicators not only for mining and exploration companies, but nearly all stakeholders involved, including existing shareholders and potential investors.While high-grade drill intersects are generally exciting and promising news, a conservative and very rigorous approach is recommended...Read More
Feb 19 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,904-4.99 NZX 50**8,125.31 61.98DJIA**25,219.3819.01 NIKKEI**21,720.25255.27Nasdaq**7,239.465-16.965 FTSE**7,294.759.89S&P 500** 2,732.22 1.02Hang Seng** 31,115.43599.83SPI 200 Fut 5,850-7.00 STI** 3,443.51 40.65SSEC**3,199.4757 14.52 KOSPI** 2,421.83 26.64-----------------------------------------------------------...Read More
* U.S. to sell $151 bln in bills, $107 bln in notes* U.S. T-bill, two-year yields hover at highest since 2008* U.S. 5-year yield highest in nearly eight years* Tax cuts, budget deal stoke rise in federal debt issuance By Richard LeongNEW YORK, Feb 18 (Reuters) - Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their wo...Read More
Krishna N. Das, Aditya Kalra, Devidutta Tripathy, Tom LasseterNEW DELHI/MUMBAI (Reuters) - The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical center of one of the world’s fastest growing major economies.The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case...Read More
Warren Strobel, Dustin Volz, Jonathan LandayWASHINGTON (Reuters) - A Russian propaganda arm oversaw a criminal and espionage conspiracy to tamper in the 2016 U.S. presidential campaign to support Donald Trump and disparage Hillary Clinton, said an indictment released on Friday that revealed more details than previously known about Moscow’s purported effort to interfere.The office of U.S. Spe...Read More
Saqib Iqbal AhmedNEW YORK (Reuters) - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.Stock market volatility spiked to a multi-year high in the selloff and some products that flourished in low volatility collapsed. A...Read More
VIENNA (Reuters) - International Monetary Fund chief Christine Lagarde has no objection to plans to turn the euro zone’s bailout fund into a European Monetary Fund, she said in comments published on Saturday.The European Commission has suggested transforming the role of the government-controlled European Stability Mechanism (ESM) into a full-blown European Monetary Fund under parliamentary c...Read More
(Kitco News) - Analysts are optimistic when it comes to Chinese gold demandfor the Lunar New Year, stating that they expect to see strong growth despitehigher gold prices. China is already seeing an improvement in gold demand ahead ofthe Lunar celebrations, which will usher in the year of the Dog on Feb. 16. The occasion has historically been a key gold-buying opportunity for consumers in acount...Read More
* Government does not say why central bank governor detained* Governor Rimsevics also sits on ECB Governing Council* Finance minister urges Rimsevics to step down pending inquiry (Adds background)By Gederts GelzisRIGA, Feb 18 (Reuters) - Latvia's anti-corruption agency has detained central bank Governor Ilmars Rimsevics, prompting calls for him to step aside while he is under investigation.Prime M...Read More
* Cabinet approves bankruptcy law - sources* Modern bankruptcy framework currently absent in kingdom* Passage could provide a lifeline to struggling firms By Tom Arnold, Reem Shamseddine and Katie PaulDUBAI/KHOBAR, Saudi Arabia, Feb 18 (Reuters) - Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom mo...Read More
JOHANNESBURG, Feb 18 (Reuters) - A South African industry group representing mining companies has agreed to postpone a court challenge against new regulations that included a requirement for more black ownership of mines, to allow for negotiations with new President Cyril Ramaphosa.The uncertainty around the new rules has deterred investment into a sector that accounts for 8 percent of South Afric...Read More
RIGA, Feb 18 (Reuters) - Latvia's central bank Governor Ilmars Rimsevics should step down while he is under investigation by the country's anti-corruption agency, its finance minister said on Sunday.Prime Minister Maris Kucinskis said earlier on Sunday that Rimsevics, who is a member of the European Central Bank's Governing Council, had been detained by the anti-corruption agency. "Given that...Read More
(Adds details)JERUSALEM, Feb 18 (Reuters) - Israel's economy ended 2017 on a strong note, growing a more-than-expected annualised 3.6 percent in the fourth quarter, the Central Bureau of Statistics said on Sunday, although it was a slightly slower pace than the prior three months.A Reuters poll of economists had forecast 3.4 percent growth for the October-December quarter.The bureau revised up it...Read More
JERUSALEM, Feb 18 (Reuters) - Israel's economy grew at an annualised 3.6 percent in the fourth quarter, a bit more moderate than the prior three months, the Central Bureau of Statistics said on Sunday, citing slower gains in exports and consumer spending.A Reuters poll of economists had forecast 3.4 percent growth for the October-December quarter.The bureau revised up its third-quarter gross domes...Read More
CAIRO, Feb 18 (Reuters) - Egypt aims to sell Eurobonds worth $3-4 billion in the 2018-2019 fiscal year which begins in July, deputy finance minister Ahmed Kouchouk told the Saudi-owned Al Arabiya television network on Sunday.Egypt raised $4 billion in a dollar-denominated Eurobond sale that closed late on Tuesday, the finance ministry said, in bonds issued in five, 10- and 30-year tenors.The finan...Read More
RIGA, Feb 18 (Reuters) - Latvian central bank governor Ilmars Rimsevics has been detained by the country's anti-corruption agency, the prime minister's office said in a statement on Sunday."The Corruption Prevention and Combating Bureau (KNAB) has applied the status of being detained to the Governor of Bank of Latvia [Ilmars Rimsevics]," Prime Minister Maris Kucinskis said in an emailed...Read More
(Adds details, background)By Tom Arnold and Nadine AwadallaDUBAI/CAIRO, Feb 18 (Reuters) - Qatar National Bank (QNB) , the Middle East's largest lender by assets, said it will sell a 2 percent stake in its Egyptian unit QNB Alahly to comply with Cairo listing rules.A QNB spokesman said the bank had no current plans to further reduce its stake, which will stand at 95 percent after the sale.The sal...Read More