JAKARTA, Jan 9 (Reuters) - Indonesia's retail sales rose 2.5 percent in November from a year earlier, mainly supported by the sales of food, beverages and automotive fuels, a central bank survey showed on Tuesday.On a yearly basis, retail sales growth was 2.2 percent in October, when sales of ready-to-consume foods and tobacco bolstered growth.The survey of 700 retailers in 10 major cities project...Read More
BRUSSELS, Jan 9 (Reuters) - Euro zone unemployment fell to a new nine-year low in November thanks to strong economic growth, data showed on Tuesday, but the jobless rates differ widely across the single currency bloc.The European Union's statistics office Eurostat said the jobless rate in the 19 countries sharing the euro was 8.7 percent in November, down from 8.8 percent in October and the lowest...Read More
By William SchombergLONDON, Jan 9 (Reuters) - Britain is expected to choose a new central bank chief this year to succeed Canadian Mark Carney, who will step down in June 2019, three months after the country's scheduled exit from the European Union.Following is a summary of possible contenders to run the Bank of England (BoE), which oversees the world's sixth-biggest economy and Britain's huge fin...Read More
ISTANBUL, Jan 9 (Reuters) - The Turkish Treasury sold a net 657.8 million lira ($175 million) in a tap of its two-year benchmark bond at an average compound yield of 13.44 percent on Tuesday, central bank data showed.Earlier in non-competitive bids, it sold a net 1.22 billion lira to primary dealers and public institutions, data showed. ($1 = 3.7634 liras) (Writing by Ezgi Erkoyun; Editing by Davi...Read More
STOCKHOLM, Jan 9 (Reuters) - Sweden's bond market is functioning satisfactorily, but further reductions in issuance could worsen already strained liquidity, the Head of Debt Management at the Debt Office said on Tuesday."Naturally, it would not be good if we were forced to reduce borrowing further," Goran Robertsson said. "But .. I don't think that one should make too much of a dram...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)By Jamie McGeeverLONDON, Jan 9 (Reuters) - U.S. and UK interest rates are rising, the European Central Bank is cutting back its bond purchases and even the Bank of Japan is hinting it will turn off the stimulus taps one day. With rates rising and central banks no longer expanding their balance sheets, monetary policy a...Read More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More
European gold-backed exchange-traded funds added more than double the amount of tonnes that North American ones did in 2017, growing their assets by 13.9 percent, the World Gold Council said on Tuesday.Though North America contained more than half the amount of global exchange-traded fund holdings, European funds added the most to their gold-backed ETFs last year. The additional 148.6 tonnes were...Read More
A South African tribal leader has agreed to a more transparent structure for a 175 million rand ($14 million) community trust funded by Anglo American Platinum (Amplats), a move that aims to curb unrest around the firm's most profitable mine.The changes relate to the Mapela Trust, which was set up to fund development projects in communities around Amplats' Mogalakwena operation, the world's larges...Read More
Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting a falling dollar is supportive for metal prices.Read full newsRead More
OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain: the fleet of supertankers that shuttle fuel between continents.Read full newsRead More
Some of the smaller industry players also rose more than 75%. But is there still room to keep growing?Read full newsRead More
(The opinions expressed here are those of the author, a columnist for Reuters)Read full newsRead More
This is the year to invest in gold mining stocks, thanks to the start of a major gold bull market. Here's why, plus the one gold miner to own...Read full newsRead More
Operatives will comb through each episode of every season of 'The Oprah Winfrey Show.'Read full newsRead More
If the cybersecurity provider can address a couple of shortcomings, it could prove to be a growth investor's dream stock.Read full newsRead More
TORONTO, ONTARIO--(Marketwired - Jan. 8, 2018) - Troilus Gold Corp. (TSX VENTURE:TLG) (Read full newsRead More
The gold miners have had two solid years of returns in a row. Despite the strong gains over the last 2 years - and the spirited finish to 2017 - bearishness is still quite high in the gold stock complex. The final part of this consolidation is wrapping up (or has already) and this sector is about to enter Phase 2 of the bull market. This still oversold reading in the gold stocks, in combination wi...Read More