SEOUL (Reuters) - A U.S. think tank said on Monday it had identified at least 13 of an estimated 20 undeclared missile operating bases inside North Korea, underscoring the challenge for American negotiators hoping to persuade Pyongyang to give up its nuclear weapons and long-range missiles.In reports released by the Washington, D.C.-based Center for Strategic and International Studies, researcher...Read More
Oil prices are in their worst slump in over 30 years The United States Oil Fund (USO) has been in a freefall amid the collapse of oil prices in recent weeks. After slowly giving back gains throughout the day, December-dated crude futures fell 0.4% to trade at $59.93 per barrel, marking their 11th straight loss -- the longest losing streak in over 30 years. As far as the exchange-traded fund (ETF...Read More
Ann SaphirIDAHO FALLS, Idaho (Reuters) - With the U.S. economy at or beyond full employment and inflation likely to rise slightly above a 2 percent goal over the next year, the Federal Reserve should continue to raise rates gradually, its newest policymaker said Monday — but not necessarily next month.“My modal forecast is for two to three (rate hikes) over the next period of time, wit...Read More
EUR & Gold down, USD & Oil up – EURUSD dove to a 16-month low on broad Dollar strength; Oil prices up, breaking run of 10 down days. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument. Read More
"Check whos ready for the #Drink #Market!! CROP Corp is developing Cannadrink with Naturally Splendid! https://t.co/TbPtpgqTeV And who'd they bring on??Former Coca-Cola branding executive Arashdeep Singh!$NSP #Marijuana #Cannabis #edibles #weed $WEED $ACB $CROP #cola"Read full newsRead More
SOFIA (Reuters) - European Central Bank (ECB) will conduct a comprehensive assessment of six Bulgarian banks as part of the Balkan country’s bid to join the European Union’s banking union, Bulgaria’s central bank said on Monday.In July Bulgaria, who joined the EU in 2007, applied to join the banking union, a step toward the Black Sea state’s aim to enter the “waiting...Read More
"AREV BRANDS INTERNATIONAL LTD. ANNOUNCES ASSET PURCHASE AGREEMENT COMPLETED TO BARE TOPICALS FROM ALTERNATIVE EXTRACTS INC. -- #AREV #ArevInternationalBrands #momentumstocks $AREV $AREV.CA #ACMPR #SmallCaps #MarijuanaStocks --Read the News Release here: https://t.co/eugrPb0TY8"Read full newsRead More
NEW YORK (Reuters) - U.S. crude prices turned negative, reversing course as U.S. President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.U.S. benchmark West Texas Intermediate crude CLc1 fell 17 cents a barrel to trade at $60.02 a barrel by 1:24 p.m. EST (1824 GMT). If the contract...Read More
NEW YORK (Reuters) - U.S. crude prices turned negative, reversing course as U.S. President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.U.S. benchmark West Texas Intermediate crude CLc1 fell 17 cents a barrel to trade at $60.02 a barrel by 1:24 p.m. EST (1824 GMT). If the contract...Read More
Gold prices on Monday settled lower for a third straight session as a popular gauge of the dollar strengthened to its highest level in more than 17 months, weighing on demand for the precious metal. December gold GCZ8, +0.09% lost $5.10, or 0.4%, to settle at $1,203.50 an ounce, after posting a drop of 2% last week, falling nearly 1.4% on Friday alone. Monday marked the lowest finish for a most-...Read More
PG&E stock is eyeing its worst month since 2001California's "Camp Fire" is already the state's most devastating wildfire on record, and combined with the "Woolsey Fire," has killed more than 30 people and left more than 220 more missing. As such, the shares of California power providers PG&E Corporation (NYSE:PCG) and Edison International (NYSE:EIX) are getting destroyed today, with Morgan Stanley...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting oil supply next year, citing softening demand.“Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!” Trump wrote on Twitter, referring to the Organization...Read More
LONDON (Reuters) - Banks, law firms and other advisers stand to earn up to $963 million in fees from Takeda Pharmaceutical’s (4502.T) $62 billion takeover of drugmaker Shire (SHP.L), according to documents for the deal published on Monday.The deal will be the largest-ever overseas acquisition by a Japanese company and will lead to big payments to advisers working on both sides of the transac...Read More
Rio Tinto completed the lease and sale of a wharf and land in Kitimat to LNG Canada for a consideration of $576 million (about CAD$760 million). LNG has also agreed to build a replacement wharf for Rio's export shipments of aluminum from the B.C. Works smelter.LNG Canada is a joint venture of Shell, Petronas, PetroChina, Mitsubishi and Kogas. Discussions of the various options for the wharf bega...Read More
Rio Tinto completed the lease and sale of a wharf and land in Kitimat to LNG Canada for a consideration of $576 million (about CAD$760 million). LNG has also agreed to build a replacement wharf for Rio's export shipments of aluminum from the B.C. Works smelter.LNG Canada is a joint venture of Shell, Petronas, PetroChina, Mitsubishi and Kogas. Discussions of the various options for the wharf bega...Read More
ALK and AAL both just received "buy" recommendationsAlaska Air Group, Inc. (NYSE:ALK) and American Airlines Group Inc (NASDAQ:AAL) are in focus today, after Goldman Sachs initiated coverage on the stocks with "buy" ratings and respective price targets of $81 and $44. The brokerage firm is bullish in general on shares of U.S. airlines, as it sees strong revenue trends and an industry focus on cost...Read More
LafargeHolcim is selling its Indonesian business to Semen Indonesia as it reviews its portfolio to improve its financial strength, the world's largest cement maker said in a statement on Monday.LafargeHolcim signed an agreement with state-owned Semen Indonesia to divest its 80.6 percent in Holcim Indonesia for an enterprise value of $1.75 billion on a 100 percent basis, the company said.The assets...Read More
LafargeHolcim is selling its Indonesian business to Semen Indonesia as it reviews its portfolio to improve its financial strength, the world's largest cement maker said in a statement on Monday.LafargeHolcim signed an agreement with state-owned Semen Indonesia to divest its 80.6 percent in Holcim Indonesia for an enterprise value of $1.75 billion on a 100 percent basis, the company said.The assets...Read More
(Kitco News)- While allcommodities are suffering under the boot heel of a surging U.S. dollar, onejunior explorer CEO sees the potential for gold and silver to shine as thecurrent environment is unsustainable.Thomas Smeenk, CEO of Broadway Gold MiningMonday, theU.S. dollar rose to its highest level in 16 months, while gold fell to aone-month low and is in striking distance of testing psychological...Read More
(Reuters) - The Nasdaq Composite index fell about 2.5 percent on Monday, hit by a slump in Apple Inc (AAPL.O) shares after two suppliers cut their forecasts, sparking a selloff in other iPhone component makers and weighing on technology stocks in general.Apple shares (AAPL.O) fell 4.7 percent to $209.67, their lowest since July 27, after Lumentum Holdings Inc (LITE.O), the main supplier for Face I...Read More