(Adds details on financing plans, issuance)BUENOS AIRES, Jan 4 (Reuters) - Argentina sold $9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America's third largest economy sold $1.75 billion in five-year bonds at a yield of 4.625 percent, $4.25 billion of 10-year bonds at 6...Read More
The yellow metal fell quickly to $1,308.20 per ounce after the latest Fed minutes were released at 2:00 p.m. EST on Wednesday.Read full newsRead More
The Trump administration unveiled a controversial proposal Thursday to permit drilling in most U.S. continental-shelf waters, including protected areas of the Arctic and the Atlantic, where oil and gas exploration is opposed by governors from New Jersey to Florida, nearly a dozen attorneys general, more than 100 U.S. lawmakers and the Defense Department. Under the proposal, only one [...]Read f...Read More
FTSE 100 closes at 7,695Blue chip index briefly broke through 6,700FTSE 250 up 76 at 20,820Dow Jones breaks through 25,000 for first timeFTSE 100 finished just shy of the 7,700 level at 7,695 as Wall Street strength permeated through the markets.The Footsie closed Thursday up around 24 points, or 0.32% to 7,695, while in the US, major benchmarks reached new highs, with the Dow Jones up over 25,000...Read More
The number to focus on today is the number 10. Gold traders are witnessing a run on the precious yellow metal, now in its 10th day for consecutive price gains. The last time traders witnessed ten consecutive trading days resulting in higher prices was back in 2011. In fact, that rally resulted in a total of 13 consecutive higher trading days, one of the longest consecutive daily price advances in...Read More
The number to focus on today is the number 10. Gold traders are witnessing a run on the precious yellow metal, now in its 10th day for consecutive price gains. The last time traders witnessed ten consecutive trading days resulting in higher prices was back in 2011. In fact, that rally resulted in a total of 13 consecutive higher trading days, one of the longest consecutive daily price advances in...Read More
Yesterday, the minutes of the FOMC December meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market? The Fed Is Divided over Number of Hikes in 2018 At the December meeting, the U.S. central bank increased the federal funds rate by a quarter percentage point to a range 1.25-1.50 percent. The move was widely expected by investors, but there was...Read More
BUENOS AIRES, Jan 4 (Reuters) - Argentina covered nearly a third of its expected 2018 financing needs by selling $9 billion in dollar bonds on Thursday, after receiving offers for $21.4 billion, the finance ministry said in a statement.Argentina sold $1.75 billion in five-year bonds at a yield of 4.625 percent, $4.25 billion of 10-year bonds at 6 percent and $3 billion in 30-year bonds at 7 percen...Read More
NEW YORK, Jan 4 (Reuters) - U.S. fund investors pulled $8.4 billion from stocks and funneled $3.3 billion into taxable bonds during the most recent week, responding to a strong year of market gains defensively, Lipper data showed on Thursday.The data covers cash that moved into and out of U.S.-based mutual funds and exchange-traded funds during the seven days through Wednesday. (Reporting by Trevo...Read More
A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019."We have updated our lithium production forecasts for Chile and Argentina to reflect a relatively slower-moving project pipeline due to regulatory hurdles in the former and growing exploration efforts boosting lon...Read More
A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019."We have updated our lithium production forecasts for Chile and Argentina to reflect a relatively slower-moving project pipeline due to regulatory hurdles in the former and growing exploration efforts boosting lon...Read More
Subscribers to Schaeffer's Weekly Options Countdown service doubled their money earlier this week on our FedEx Corporation (NYSE:FDX) weekly 1/5 245-strike call recommendation. Here's a closer look at what put FDX stock on our bullish radar for the first week of 2018, and how the options trade we recommended last Sunday, Dec. 31, unfolded.On Tuesday, Dec. 19, FedEx reported blowout fiscal second-q...Read More
Roxgold Inc. (TSX:ROXG) announced that the Ministry of Environment and Sustainable Development of Burkina Faso has granted the company permitting approval to develop the Bagassi South project, located within its high-grade Yaramoko gold mine in the Hound?(C) greenstone region of the West African country."The approval of the Environmental and Social Impact Assessment for Bagassi South allows us to...Read More
Roxgold Inc. (TSX:ROXG) announced that the Ministry of Environment and Sustainable Development of Burkina Faso has granted the company permitting approval to develop the Bagassi South project, located within its high-grade Yaramoko gold mine in the Hound?(C) greenstone region of the West African country."The approval of the Environmental and Social Impact Assessment for Bagassi South allows us to...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ('Wallbridge') is pleased to announce the appointment of Dr. Attila Pentek as Vice President, Exploration effective January 1, 2018, subject to TSX approval.Read full newsRead More
U.S. stocks had another stellar day, with the Dow topping the 25,000 mark for the first time in history. A solid day for financial stocks helped the blue-chip index higher, overshadowing losses from Intel (INTC). Likewise, the S&P and Nasdaq also touched fresh record highs, as Wall Street applauded encouraging data on private-sector payrolls ahead of tomorrow's monthly jobs report. Commodities al...Read More
WASHINGTON (Reuters) - The Federal Reserve proposed new guidance Thursday that would clarify the regulator’s expectations for how senior managers at large banks handle risk at their respective institutions.The proposed guidance would identify core principles for effective day-to-day management of a bank, ensuring risk is adequately managed. The Fed also proposed guidance outlining its expect...Read More
It could be the sharp urban-rural divide, worries about a breakdown in authority or scars from the 2009 uprising. But whatever the cause, residents of the capital are sitting this one out.Read full newsRead More
TORONTO, Jan 4 (Reuters) - Canada's main stock index rose on Thursday, adding to its record high, as the financials and materials sectors climbed, while shares of energy and marijuana producers pared some recent gains.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 41.39 points, or 0.25 percent, at 16,412.94. Five of the index's 10 main groups ended higher. (Reporti...Read More
NEW YORK/LONDON, Jan 4 (Reuters) - A severe winter stormfroze pipes and disrupted services at refineries on the U.S.Atlantic coast on Thursday, sending fuel prices higher as heavysnowfall and high winds caused electricity outages for almost80,000 homes and businesses.The only nuclear plantRead full newsRead More