KOLWEZI, Democratic Republic of Congo, Jan. 08, 2018 (GLOBE NEWSWIRE) - Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced today that ongoing upgrading work at the Mwadingusha hydropower plant in the Democratic Republic of Congo (DRC) has almost tripled the plant's interim power output from 11 to 32 megawatts (MW)....Read More
KOLWEZI, Democratic Republic of Congo, Jan. 08, 2018 (GLOBE NEWSWIRE) - Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced today that ongoing upgrading work at the Mwadingusha hydropower plant in the Democratic Republic of Congo (DRC) has almost tripled the plant's interim power output from 11 to 32 megawatts (MW)....Read More
* Euro falls as investors take profits* Bitcoin drops as South Korea reviews accounts (Updates prices and market activity to U.S. market open; new byline, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 8 (Reuters) - The dollar hit a more than one-week high against a basket of other major currencies on Monday, helped by a pullback in the euro as investors took profits after the...Read More
(Updates with details)LISBON, Jan 8 (Reuters) - Portugal's IGCP debt agency said on Monday that the government's net borrowing requirement in 2018 is around 10.9 billion euros and that it plans on gross issuance of 15 billion euros worth of bonds.It said bond issuance will be carried out through regular auctions as in previous years, to be held on the second, fourth or fifth Wednesday of every mo...Read More
Gold companies have free cash flow yields at par with global average of 6.2% but not greater than a minus 20% lower limit.Free cash flows of these companies reflect strong performance in production and gearing.Gold prices can influence returns on marginal ounces in the mine plan. Source: Gainesville News Investment Thesis: In our gold universe, we were able to screen for gold stocks. We filtered o...Read More
ASUNCION, Jan 8 (Reuters) - Paraguay plans to sell bonds on the international market in the first half of February, Finance Minister Lea Gimenez said on Monday.She did not give details on the planned issuance but said Paraguay's 2018 budget authorizes up to $600 million in foreign and domestic currency debt. Of that, $300 million is to be used to cover existing obligations and the rest can be used...Read More
* Listing seen end-March -sources* Deal expected to value Healthineers at about 40 bln euros* Strong 2018 pipeline of German IPOs (Adds background on market, other IPOs)By Alexander H? 1/4 bner and Arno SchuetzeMUNICH, Jan 8 (Reuters) - Siemens plans to list its 40 billion euro ($48 billion) healthcare unit Healthineers in March, two people close to the matter said, as the group hopes to execute t...Read More
DUBAI, Jan 8 (Reuters) - An affiliate of Qatari conglomerate Aamal Co plans to build three factories to produce copper wires, aluminium bars and drums for cables, projects that could make the country more self-reliant in the face of an embargo by other Arab states.The factories will be established by Senyar Industries Qatar Holding, owned 50 percent by Aamal and 50 percent by Egyptian cable maker...Read More
LISBON, Jan 8 (Reuters) - Portugal's IGCP debt agency said on Monday that the government's net borrowing requirement in 2018 is around 10.9 billion euros and that it plans on gross issuance of 15 billion euros worth of bonds.It said bond issuance will be carried out through regular auctions like in previous years, to be held on the second, fourth or fifth Wednesday of every month. It will also lau...Read More
LISBOA, 8 Jan (Reuters) - Portugal prev?? emitir em termos brutos 15 mil milh?ues de euros (ME) de Obriga???ues do Tesouro (OT) em 2018, combinando sindicatos e leil?ues, em emiss?ues mensais, disse o IGCP-Ag??ncia de Gest??o da Tesouraria e da D?-vida P??blica.Adiantou que "o montante das necessidades de financiamento l?-quidas do Estado no ano de 2018 dever?? situar-se em cerca de 10,9 mil...Read More
WASHINGTON, Jan 8 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee s...Read More
Dear Fellow Star-Gazers Happy New Year and Happy Spectacular Full Moon! This Full Moon is a Super Moon (where the Moon is closest to Earth). It also aligns with the Fixed star, Sirius. That’s quite a start to 2018! The ancients suggested that those born with Sirius prominent in their chart were destined for big things and often, highly fortunate. The movement of the planets sug...Read More
(Adds Lourenco comments on state spending)LUANDA, Jan 8 (Reuters) - Angola's kwanza is set for a big fall on Tuesday when the central bank abandons its dollar peg, the latest in a string of policy and personnel changes by President Joao Lorenco since he came to power in Africa's number two oil producer in September.Two banking sources said the Central Bank of Angola (BNA) would hold a foreign exc...Read More
LONDON, Jan 8 (Reuters) - Foreign investors poured $235 billion into emerging markets as they rallied strongly last year, the Institute of International Finance said on Monday, adding that the countries themselves had added more than $130 billion in hard currency reserves.Foreign portfolio flows in 2016 had amounted to $152 billion, the IIF's data showed.Data from the respected flow tracker also s...Read More
* Workers strike at firms including Porsche, MAN* More than 15,000 have taken part in stoppages so far* IG Metall union plans further strikes on Tuesday* Next round of talks with employers start on Thursday* German economy buoyant, record numbers in work (Adds employers' association head, more strike participants)DUESSELDORF/HAMBURG, Jan 8 (Reuters) - Thousands of German workers staged strikes at...Read More
An independent study of the tax rate paid by the Australian minerals industry shows mining paid an effective tax rate of 51 per cent in 2015-16 in company tax and royalties - the second-highest tax ratio recorded since the survey began nine years ago.Deloitte Access Economics' Minerals Industry Tax Survey 2017, based on a survey of 25 Australian mining companies, provides an independent and robust...Read More
BEIJING, Jan 8 (Reuters) - As China tightens restrictions on imports of foreign waste, Chinese metal recyclers and even smelters like Jiangxi Copper Co are increasingly looking to use Southeast Asian countries as an alternative location for the processing of copper scrap.China relies on imports for around half of its scrap copper needs but told the World Trade Organization last year that it would...Read More
Retailers have been releasing holiday sales data over the past week. While recent results from the likes of Macy's (NYSE:M) and L Brands (NYSE:LB) sent the retail stocks tumbling, Kohl's Corporation (NYSE:KSS) and Lululemon Athletica Inc. (NASDAQ:LULU) are trading higher after the department store chain and yoga apparel maker both reported upbeat numbers for the November-December period. Here's a...Read More
Payment services stock The Western Union Company (NYSE:WU) is rallying today, thanks to an upgrade to "neutral" from "negative" at Susquehanna, along with a price-target hike to $21 from $17. This positive analyst attention is based on reports that WU could be partnering with cryptocurrency concern Ripple Labs to implement blockchain technology into its portfolio. WU shares are up 4% at $21.42 i...Read More
(Kitco News)- Hedgefunds continued to pile into silver and gold in the first few days of the newtrading year, according to the latest trade data from the Commodity FuturesTrading Commission.Analystsnoted that the precious metals market looks attractive to fund managers as theU.S. dollar continued its sharp decline into 2018. Ole Hansen, head ofcommodity strategy at Saxo Bank, said that the U.S. do...Read More