DUBAI, Jan 14 (Reuters) - Banking shares helped Saudi Arabia's stock market rise in early trade on Sunday, while Qatar headed for a seventh straight day of gains as investors bought ahead of annual dividend announcements.The Saudi index was 1.0 percent higher after an hour with all 12 listed banks climbing after Saudi Arabia's central bank lifted the maximum loan-to-value ratio for mortgages taken...Read More
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CAIRO, Jan 14 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 21.92623.3consumerDecemberprices(year-on-year,pct change) CoreinflatioDecember19.8625.53 25.86n (year-on-year,pct change) Foreign December37.02036.72324....Read More
DUBAI, Jan 14 (Reuters) - Gulf stock markets may have a slightly firm tone on Sunday in response to positive trends in the oil price and global equity markets, although there is little fresh news within the region to spur buying.Brent oil rose 61 U.S. cents on Friday to settle at $69.87 a barrel, a new 2-1/2 year high, while the Dow Jones Industrial Average climbed 0.9 percent. After the close on...Read More
ATHENS, Greece (AP) - Greece's Environment Ministry has appealed a court decision annulling a 1.7-million-euro ($2.06 million) fine it had slapped on...Read full newsRead More
Russian gold producer Arlan plansto have doubled gold output from its mine in 2020, expecting theprice for the precious metal to rise further, the firm'sdirector for development said.Read full newsRead More
After a call from a local pawn shop, an Owensboro man was arrested for the recent burglary at The Gold Mine in Henderson.Read full newsRead More
On the website of the Colorado-based Newmont mine, the top page reads in bold letters, "Culture of Zero Harm."Read full newsRead More
While the big car companies with their fancy technology concept cars get all the attention, there are hundreds of cool little items sprinkled throughout the almost 3 million square feet of Las Vegas ...Read full newsRead More
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On Tuesday, I got the chance to ride in a self-driving car — an opportunity only a handful of people in the world have experienced.As I stood outside the Las Vegas Convention Center, home to the Consumer Electronics Show (CES), I hailed a 4.4 mile Lyft to the Aria Hotel.But what started as an ordinary ride soon turned extraordinary with a single pop-up asking if I wanted to try out a self-dr...Read More
It's best to diversify your portfolio across all five sectors of the economy: finance, utilities, consumer, manufacturing and resources. Remember, though, there's danger in loading up on stocks in sectors that we expect to beat the market. That's because investors often bid up the prices of such stocks, making them vulnerable in market setbacks.When you buy stocks in sectors and sub-sectors of the...Read More
Should women be allowed to take off their shirts in public?Men can do it without legal restrictions. And although it may not seem like a big deal, it is one of those lingering inequalities that give fodder to otherwise over-the-top feminist movements.It would be better to fix the few actual inequalities that still exist.Women around the world participate in the “free the nipple” moveme...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride. Now everybody’s asking the same question: Is this finally the start of the long-overdue run at gold’s (and silver’s) 2011 record high, or just a case of futures speculators once again panic-buying themselves into...Read More
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.Now everybody's asking the same question: Is this finally the start of the long-overdue run at gold's (and silver's) 2011 record high, or just a case of futures speculators once again panic-buying themselves into an untenable long p...Read More
It doesn't look like it in the Dow Jones' Bear's Eye View (BEV) chart below, but in the past three weeks the venerable Dow has increased 1,100 points (4.39%). Three Fridays ago the Dow Jones closed with a 24K handle. Two weeks later it has almost blown through 25,000, closing the week at 25,803. When a market series makes ninety-four new all-time highs in only fourteen months, things like this hap...Read More
Both Gold and GDX surged to a new high on Friday, shifting the odds towards a right translated Trading Cycle #1 (TC1). This is not surprising as the first TC of any new Intermediate Cycle never fails by making a lower low. If it does then then by definition it's still part of the previous Intermediate Cycle. My normal TC timing band for Gold is 20-29 days but the first Trading Cycle out of a Y...Read More
"You are listening to WGGW: When Gold Goes Well" ... To state that gold is going well when 'tis trading at half the market value it ought be is a bit of a stretch. In fact, as "bulled up" as gold aficionados appear to be through these first nine trading days of the year, price being +2.5% is actually the second weakest "nine starting days performance" of the past five years. Yet in a positive sens...Read More
RAPAPORT... Alrosa's diamond sales fell in 2017 as an influx of lower-value rough reduced the average price it achieved. Combined rough and polished sales amounted to $4.27 billion for the year, Alrosa said Thursday, leaving the total 5% below the amount reported for 2016. There was pent-up demand for small diamonds at the beginning of 2017 after Indian cutters reduced their...Read More
RAPAPORT... The Gem & Jewellery Export Promotion Council (GJEPC) haselected Pramod Kumar Agarwal as its chairman, and Colin Shah as vice chairmanfor the 2018 to 2020 period, the Indian trade organization announced Friday. Agarwal (pictured) was the Rajasthan regional chairman of the GJEPC,and has been the chairman of the GJEPC's Indian Institute of Gem and Jewellery,Jaipurfor the past five yea...Read More