AMSTERDAM, Feb 16 (Reuters) - The municipal shareholders and supervisory board of Dutch energy company Eneco have reached an agreement on the conditions under which the company may be sold, according to a joint statement published on Friday.Eneco's owners - a group of 53 cities with Rotterdam holding the largest stake - had been demanding a sale of the company, which is valued at around 4 billion...Read More
The Coca-Cola Co (NYSE:KO) stock has shot 2.4% higher in electronic trading, after the beverage giant reported fourth-quarter adjusted earnings of 39 cents per share on $7.5 billion in revenue -- better than analysts were expecting. This marks the eighth quarter in a row Coke has beat on the top and bottom lines, with the latest results reflecting higher sales of teas, coffees, and vitamin waters....Read More
Dow Jones Industrial Average (DJI) futures are trading modestly above fair value, and hinting at their sixth straight daily win, with the blue chips eyeing their best weekly percentage gain since November 2016 -- the first week of the "Trump rally." S&P 500 Index (SPX) futures are also pointing to a positive session, and another advance today would mark the index's longest winning streak since t...Read More
* Coca-Cola, Deere gain after strong results* Jan. homebuilding data jump to more than 1-year high* Futures dip: Dow 10 pts, S&P 1.25 pts, Nasdaq 1.25 pts* So far this week: Dow, S&P up over 4 pct, Nasdaq 5.6 pct (Adds comment, details, updates prices)By Sruthi ShankarFeb 16 (Reuters) - Wall Street was set to open little changed on Friday, but is on course to end with strong weekly gains,...Read More
LONDON, Feb 16 (Reuters) - Zambia's dollar-denominated bonds fell broadly across the curve on Friday after the International Monetary Fund (IMF) rejected the country's latest borrowing plans. The 2027 bond lost 2.5 cents to trade at 105 cents, its lowest level since July, according to Thomson Reuters data.Zambia had hoped to have a $1.3 billion loan agreement with the IMF completed early this year...Read More
Shares of San Diego-based Apricus Biosciences Inc (NASDAQ:APRI) are getting hammered this morning, after the U.S. Food and Drug Administration (FDA) once again declined to approve its Vitaros erectile dysfunction cream. Regulators cited safety concerns regarding an ingredient in the drug known as DDAIP.HCI, and also pointed to "deficiencies related to Chemistry, Manufacturing and Control," per a c...Read More
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STOCKHOLM, Feb 16 (Reuters) - Swedish banking group Nordea's lowered its estimate on Friday of the cost savings from moving its headquarters to Finland from Sweden.Nordea, the Nordic region's biggest bank and one of the biggest in Europe, decided last year to move its headquarters to Finland after Sweden announced plans for a bank tax and because it wanted a level playing field with rivals supervi...Read More
U.S. equities are trying fortheir sixth consecutive up day, cutting the panic losses in half. This rally isabout a phony as one can be, with the fear of missing out driving this markethigher. The debt is mounting, as is the U.S. dollar manipulation, which islending support to some of the commodities, especially gold.Overnight gold attempted to breakout above the recent highs but failed. Gold is on...Read More
(Kitco News) -Yamana Gold Inc. (TSX:YRI; NYSE: AUY) late Thursday reported a net loss for the fourth quarter, dueto a large impairment charge, and listed guidance calling for higher goldoutput over the next three years.The company posted afourth-quarter net loss from continuing operations, attributable toshareholders, of $191 million, or 20 cents per share. This compares to a lossof $367.6 million...Read More
(Kitco News)- While off this highs, gold prices are holding near last month's 1.5-month highs; the market is ignoring stronger-than-expected housing construction data.Friday, the Commerce Department said housing starts increased 9.7% to a seasonally adjusted annual rate of 1.326 million units, up from December's starts of 1.19 million units. Economists were expecting new home construction to remai...Read More
OTTAWA, Feb 16 (Reuters) - Foreign investment in Canadian securities slipped slightly in December after five strong months but international demand over the year was high enough to set an annual record, Statistics Canada said on Friday.Non-resident investors sold a net C$1.97 billion ($1.58 billion) in Canadian securities after acquiring C$19.20 billion in November. For 2017 as a whole, foreigners...Read More
(Adds details of release, background)OTTAWA, Feb 16 (Reuters) - Canadian factory sales slipped in December after recording a huge jump in November, pulled down by weakness in petroleum and coal products as well as food manufacturing, Statistics Canada said on Friday.Analysts in a Reuters poll had forecast a 0.2 percent gain. Statscan revised November's gain to 3.8 percent, the biggest advance sin...Read More
NEW YORK, Feb 16 (Reuters) - U.S. Treasury yields rose from their lows on Friday after data showed stronger-than-expected housing starts and import prices, suggesting that inflation was on the rise and the economy on a stable growth path.The reports backed a growing belief that the Federal Reserve could hike interest rates at a faster-than-expected pace this year.Data showed on Friday that housing...Read More
• A broadly weaker USD continues aiding sentiment. • Further benefits from growing demand as a hedge against inflation. Gold continued gaining positive traction for the fifth consecutive session on Friday and moved within striking distance of multi-month tops, set in January. Despite stronger incoming US economic data, the US Dollar langui...Read More
JOHANNESBURG, Feb 16 (Reuters) - Nearly 6,000 workers at Clicks Group will share a 1.26 billion rand ($108 million) windfall from a share ownership scheme launched seven years ago as part of the South African retailer's efforts to meet quotas on black ownership.On Friday, employees from cashiers and pharmacists tomanagers at the drug store chain sold 7.6 million shares at 166 rand each -- locking...Read More
(Repeats to additional subscribers)* Dollar index on track for worst weekly fall since May* Breakdown in correlation between dollar and Treasury yields* Japanese govt reappoints Kuroda as BOJ governor as expected* Graphic: World FX rates in 2018 By Jemima KellyLONDON, Feb 16 (Reuters) - The dollar limped up from a three-year low against a basket of currencies on Friday and was headed for its bigg...Read More
* Dollar index on track for worst weekly fall since May* Breakdown in correlation between dollar and Treasury yields* Japanese govt reappoints Kuroda as BOJ governor as expected* Graphic: World FX rates in 2018 By Jemima KellyLONDON, Feb 16 (Reuters) - The dollar limped up from a three-year low against a basket of currencies on Friday and was headed for its biggest weekly loss in nine months, as n...Read More
LONDON, Feb 16 (Reuters) - A London court judge, Stephen Phillips, said on Friday he would allow parties involved in the case related to Russia's Norilsk Nickel (Nornickel) to delay the injunction hearing until the week beginning March 5.Russian businessman Vladimir Potanin offered to buy a stake in Nornickel from Roman Abramovich. Rusal , which also owns a stake in Nornickel and is controlled by...Read More
(Kitco News) - Gold looks a little tired here after moving to our firstpivot target of $1,357. With the start of the Chinese Lunar New Year, volumeswill drop dramatically and traders will want to watch the dollar, particularlyagainst the euro, where overnight the rate broke up through 1.25 euro/dollarbut has subsequently settled back below the figure. Prefer to take profits onthe recent run and re...Read More