Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
How do you invest in gold and silver mid-tier stocks? Watch as Grant Williams, Senior Advisor at Vulpes Investment Mgmt, discusses with Megan Brown from Leagold Mining Corp. (TSX: LMC), W. John DeCooman from SSR Mining Inc. (TSX: SSRM) and Rob McEwen from McEwen Mining Inc. (TSX: MUX). Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investm...Read More
China's ferrous futures tanked after morning open on Tuesday November 6, with losses narrowed later for contracts except rebar, amid stronger expectations that the country's winter steelmaking restrictions would be lighter than those a year earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,973 yuan ($575) per tonne, down 79 yuan per tonne January hot-rolle...Read More
A gold explorer in Nevada is using a novel technology to find gold. Can water help explorers find gold? That's the path that Nevada Exploration Inc. (NGE:TSX.V) is taking in Nevada.Geophysics (such as airborne surveys) and trench sampling can help track gold in places where there isn't any groundcover, but what about valleys that are covered and offer no exposure to the rock surface? According to...Read More
This activity signals the advancement of this multimillion-ounce project in Nevada. District Map of Terraco's Royalty OwnershipDrilling started at the Spring Valley gold project in Nevada, on which Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) owns various royalty assets. Waterton Global Resource Management, a private equity firm, is conducting the drilling, currently using two rigs.Spring Valley h...Read More
(Reuters) - CVS Health Corp’s (CVS.N) third-quarter profit beat analysts’ estimates on Tuesday, as it benefited from higher sales of prescription drugs as well as consumer health and beauty products.Quarterly same-store sales at front-end stores rose 0.8 percent in contrast to analysts’ expectation of a 0.8 percent drop despite brick-and-mortar drugstore chains like CVS coming un...Read More
GENEVA/LONDON (Reuters) - Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S. pressure, but urged European countries that oppose the U.S. sanctions to do more to shield Iran.The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action to stop what Washington called its “outlaw”...Read More
The price of rebar imported into the United Arab Emirates fell in the week to Tuesday November 6, on continuing limited demand.The billet import market was also slow because mills in the UAE have enough billet in stock to last for more than two months, sources told Fastmarkets.Domestic rebarLocal producers were still offering rebar at 2,016 dirhams ($549) per tonne ex-works this week.And Fastmarke...Read More
(Reuters) - Eli Lilly and Co (LLY.N) recorded higher sales of its newer drugs Trulicity and Taltz in the third quarter, helping the diabetes specialist top Wall Street profit estimates and raise its yearly earnings target on Tuesday.Shares of Lilly jumped 4 percent in premarket trading following the news.Lilly is relying on new drugs to drive growth after it took its animal health unit public in S...Read More
LONDON (Reuters) - Euro zone business growth slumped to a two-year low in October as growing trade tensions and tariffs, alongside rising political uncertainty, put a dent in exports and optimism, a survey showed on Tuesday.However, while survey and official figures on Tuesday showed the slowdown is relatively widespread, the clouds over the euro zone are not as dark as recently feared.Any positiv...Read More
Fastmarkets proposes to change the publication time of the CIS export steel billet index, fob Black Sea ports, from 2pm to 4pm London time each day.The proposed change will allow the capture of a larger number of transactions during the day and therefore will help to increase the liquidity of the index.The deadline for data submissions to the CIS Billet Index will be changed from 1.30pm to 3p...Read More
China's domestic rebar prices kept their downward trend on Tuesday November 6 following the sharp decrease in futures. Domestic Eastern China (Shanghai): 4,590-4,640 yuan ($663-671) per tonne, down 20-40 yuan per tonneNorthern China (Beijing): 4,420-4,460 yuan per tonne, down 20-30 yuan per tonneRebar futures dropped sharply in early trading hours on Tuesday after the steelmaking hub of Tangshan r...Read More
CHICAGO (Reuters) - Daniel Loeb’s Third Point LLC criticized Campbell Soup Co’s (CPB.N) board on Monday for allowing the grandchildren of the company’s former chairman to quietly build voting power through the soup maker’s share buybacks in recent decades.Third Point, which owns 7 percent of Campbell’s stock, has been campaigning to oust its entire board at a sharehol...Read More
By SaadSayeedISLAMABAD, Nov 6 (Reuters) - Pakistan begins nearly twoweeks of talks with the International Monetary Fund on Wednesdayover what would be the South Asian country's 13th IMF bailoutsince the 1980s to help it end a spiralling current accountcrisis. Finance Minister Asad Umer says $12 billion is requiredimmediately, a large chunk of which is expected to be drawn fromthe IMF."The ini...Read More
There were broad gains throughout the tech sectorU.S. stocks managed gains today, as Wall Street kept a close eye on the start of U.S. midterm elections. Powered by a rally in IBM shares, it was a steady climb higher for the Dow, with the index rallying into the close to grab a second straight win. The Nasdaq and S&P 500 also had solid sessions, thanks mostly to broad strength out of the tech sect...Read More
Chinese ferro-silicon prices dropped in the week ended Friday November 2 due to slow buying interest and a weak yuan versus the dollar, while the European market also succumbed to quiet demand, causing suppliers to cut their offer prices to garner buying interest. Chinese market drops in line with demand Weaker yuan exacerbates downward trend European suppliers cut offer prices ...Read More
AMD stock is also rallying todayTech stocks are boosting the broader stock market on Election Day. Among individual names making notable moves are chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), and cybersecurity names Symantec Corporation (NASDAQ:SYMC) and FireEye Inc (NASDAQ:FEYE). Here's a quick look at what's moving shares of AMD, SYMC, and FEYE.AMD Stock Pops on EPYC Processor AWS Availa...Read More
* Government supporters to press RBI at board meeting onNov. 19 * Government wants its economic priorities to be accepted byRBI * Govt officials prepared to risk RBI governor'sdeparture-sources * If Patel departs it is likely to roil financialmarkets-traders * Struggle will be a test of the powers of the RBIboard-sources By Manoj Kumar and Suvashree ChoudhuryNEW DELHI/MUMBAI, Nov 6 (Reuters) - The...Read More
Cowen cheered Calix's recent earnings reportThe shares of Calix Inc (NYSE:CALX) are up 23.6% to trade at $9.25, near the top of the New York Stock Exchange (NYSE) today. Powering the surge is the company's better-than-expected third-quarter earnings release, which came through last evening. Also helping is an upgrade out of Cowen to "outperform" from "market perform" anda price-target hike to $14...Read More
Low-grade manganese ore prices got a boost in the week ended Friday November 2 after buyers were caught between the end of November's offers and the start of December's. Low-grade manganese ore prices rise in China amid a lack of offersHigh-grade manganese ore index slidesChinese manganese alloy prices largely steadySilico-manganese quotation drops in EuropeUS alloy price holds in quiet marketLow...Read More