By Trevor HunnicuttNEW YORK, Jan 12 (Reuters) - BlackRock Inc has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend - the race to build a bitcoin fund.The world's largest asset manager on Friday reported earnings that beat Wall Street expectations, due in no small part to agg...Read More
Macarthur Minerals Limited (TSXV:MMS) is pleased to provide an update to shareholders to highlight a very active year during 2017 with the development of its lithium and gold tenement and claims portfolio within the very prospective regions of the Pilbara (Western Australia) and Railroad Valley (Nevada, USA).Read full newsRead More
(Adds comment from finance minister, analyst)By Bruno FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil has made slower-than-expected progress in cutting government spending ahead of presidential elections, a Standard & Poor's director said on Friday, a day after the agency downgraded the country's rating deeper into junk territory.The agency on Thursday lowered its long-term rating for Brazil s...Read More
The iShares Transportation Average ETF (IYT) has been among the best exchange-traded funds (ETF) in the first quarter, historically. Over the past 10 years, the fund has ended the quarter higher 70% of the time, averaging a healthy gain of 5.02% -- the best of all ETFs we track. The IYT is exceeding its reputation so far in 2018, too, up 9% and just off a record highs, with help from a solid week...Read More
Gold prices marked a fresh four-month high on Friday to tally a fifth week of gains in a row, finding support as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation. Some "momentum and positioning for next week" may have given gold an "extra boost," said Jeff Wright, chief investment officer at Wolfpack Capital. February gold GCG8, +0.32%...Read More
Gold prices marked a fresh four-month high on Friday to tally a fifth week of gains in a row, finding support as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation. Some "momentum and positioning for next week" may have given gold an "extra boost," said Jeff Wright, chief investment officer at Wolfpack Capital. February gold GCG8, +0.30%...Read More
(Refiles to change "expanding" to "expand" in first paragraph)By Liz HamptonHOUSTON, Jan 12 (Reuters) - Oil producers are unlikely to significantly expand drilling budgets this year despite the recent run-up in crude prices, Chris Wright, chief executive of Liberty Oilfield Services Inc, told Reuters in an interview on Friday. "Spending budgets for E&P customers were...Read More
ABUJA, Jan 12 (Reuters) - Nigeria's central bank said on Friday it had injected $262.5million into the interbank foreign exchange market, extending efforts to improve liquidity and alleviate dollar shortages.The bank said in a statement it had released the funds for use by businesses in the agricultural and petroleum sectors as well as airlines.The bank said it would continue to intervene in the f...Read More
Image: GlencoreZinc hit fresh highs above $3,400 a tonne on Friday, the best level since August 2007 as supply worries intensify and the base metal complex finds support from a robust outlook for global growth."From the macro point of view, this is not an environment where you'd want to be shorting metals," Michael Widmer, head of metals research at Bank of America Merrill Lynch, told Bloomberg Ne...Read More
Although bitcoin (BTC)came to the surface nearly a decade ago, the digital currency really burst into the mainstream in late 2017. The fresh surge in demand was evident when bitcoin futures began trading on Cboe Global Markets (CBOE) and CME Group (CME) exchanges, the former of which experienced website outages amid crazy volume. Below we will take a deeper look into the volatile cryptocurrency w...Read More
LONDON, Jan 12 (IFR) - Crown Holdings is looking to issue senior unsecured high-yield bonds to back its acquisition of peer Signode Industrial Group Holdings. The company is looking to issue 335m of five-year, 600m of eight-year and US$750m of eight-year notes, according to a banker on the deal. Citigroup is leading the trade and other banks are involved.The bonds are being issued as part of a bro...Read More
ACCRA, Jan 12 (Reuters) - The Bank of Ghana said the yield on its weekly 91-day bill edged up to 13.36 percent at an auction on Friday from 13.32 percent at the last such sale on Jan 5.The bank said it had accepted 497.89 million cedis ($110 million) worth of bids out of the 498.39 million cedis tendered for the paper, which will be issued on Monday.Ghana's treasury bill yields, which were around...Read More
Spearmint Resources Inc. (TSXV:SRJ) (OTCBB: SPMTF) (FSE: A2AHL5) ('SRJ' or the 'Company') wishes to announce that it has closed the acquisition and now owns 100 percent of the WHY WEST Magnesium project near Rossland, BC, and the BUDDY claims in the Golden Triangle of BC.Read full newsRead More
Discretionary cash is critical to Barrick Gold and Kinross Gold to sustain their growth capex and debt capacity.Barrick Gold wins out in deleveraging using discretionary cash and its strong liquidity.Kinross Gold has adequate discretionary cash thanks to organic growth strategy. Image source: The Balance Investment Thesis: Releveraging of balance sheets is one of the important concerns of most go...Read More
He's "like, really smart."Read full newsRead More
(Adds link to related content)By David LawderWASHINGTON, Jan 12 (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday he believed the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan."We think there will be over $1 trillion in growth, so I do think this wil...Read More
The world simply can't get enough lithium to feed its electric vehicle demand, and China in particular is leading the pack.Read full newsRead More
The world's mining sector is firing on all cylinders again, and one of it's biggest investors can't wait to get paid.Read full newsRead More
* Consumer prices rise 0.3 pct in Dec. vs est. rise of 0.2 pct* Retail sales up 0.4 pct vs est increase of 0.4 pct* Facebook falls after making changes to News Feed* Indexes up: Dow 0.65 pct, S&P 0.50 pct, Nasdaq 0.59 pct (Updates to early afternoon)By Sruthi ShankarJan 12 (Reuters) - Wall Street rose to record highs on Friday as fourth-quarter earnings season kicked off with solid results fro...Read More
Gold has reached the full ATR projection boosted by the positive EUR flow and weaker USD. According to Admiral Correlation Matrix, we see a very positive correlation between EUR/USD and Gold on last 500 H1 bars. At this point we could see a retracement from the top 1333.40 and if the price breaks 1326.70 to the downside, next target might be 1320 zone. However, if the price breaks above 1334 then...Read More