Russian gold and silver producer Polymetal has begun construction at its new Nezhda gold mine in eastern Siberia, which will contribute to its dividends in 2022, it said on Monday.The London-listed firm, part-owned by businessman Alexander Nesis, is starting this new project with pre-production capital expenditures estimated at $234 million a few months after it launched its Kyzyl mine in Kazakhst...Read More
PARIS (Reuters) - Canadian intelligence officers have listened to Turkish recordings of what happened to Saudi journalist Jamal Khashoggi, Prime Minister Justin Trudeau said on Monday, adding that he was discussing with allies what next steps should be taken.Khashoggi, a critic of Saudi Crown Prince Mohammed bin Salman, was killed at the kingdom’s Istanbul consulate by a team sent from Riyad...Read More
(Reuters) - Equity traders on Wall Street are expected to take home the biggest bonuses this year as a surge in volatility boosted client activity, but 2019 may not be as rosy, compensation firm Johnson Associates Inc said on Monday.The firm listed a number of challenges, including geopolitical and business challenges, falling fees, and technology disruptions, that could have a major impact on com...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
The drug stock is heavily shortedThe shares of Pain Therapeutics, Inc. (NASDAQ:PTIE) are trading up 5.6% at $1.21, after the biopharm said it is appealing the Food and Drug Administration's (FDA) decision on its pain drug, Remoxy. Back in August, the regulatory agency failed to approve Remoxy, after an advisory panel voted overwhelmingly against the treatment, citing potential abuse risks. A meeti...Read More
LONDON (Reuters) - The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the liquid and high-yielding asset against a backdrop of global growth worries and rising political risk in Italy and Britain.World stocks fell 0.3 percent for a third straight day in the red, receiving no respite from a rise in oil prices, while initial European equ...Read More
LONDON (Reuters) - Prime Minister Theresa May is trying to clinch a Brexit divorce deal with the European Union but the bigger challenge may be to get any agreement approved by the British parliament.With less than five months until the United Kingdom is due to leave the EU on March 29, how might the Brexit finale play out?Following are possible scenarios:1) DISORDERLY BREXIT- DEAL REJECTEDAny dea...Read More
LONDON (Reuters) - Britain’s big banks, long able to shrug off competition from start-ups, have been spooked by an account launched just six weeks ago by Goldman Sachs (GS.N) that pays savers more.One of the banks admitted privately that it has seen a spike in savers switching, while others have launched new accounts or raised rates to try to nip “Marcus” in the bud.British saver...Read More
Mr. Jean Martineau reportsQ3 2018: DYNACOR REPORTS SALES OF US $24.4 M AND NET INCOME OF US $0.7 M Dynacor Gold Mines Inc. has released its unaudited condensed consolidated financial statements and management's discussion and analysis for the three-month and nine-month periods ended Sept. 30, 2018.These documents have been filed electronically with SEDAR atwww.sedar.com and will be available on th...Read More
Mr. Jean Martineau reportsQ3 2018: DYNACOR REPORTS SALES OF US $24.4 M AND NET INCOME OF US $0.7 M Dynacor Gold Mines Inc. has released its unaudited condensed consolidated financial statements and management's discussion and analysis for the three-month and nine-month periods ended Sept. 30, 2018.These documents have been filed electronically with SEDAR atwww.sedar.com and will be available on th...Read More
Home Depot reports earnings tomorrow morningBrokerage firm RBC this morning cut its price target on Home Depot Inc (NYSE:HD) and Lowe's Companies, Inc. (NYSE:LOW) stocks to $208 and $110, respectively, saying there's concern a decline in home prices could weigh on shares of both companies -- though it admitted this threat has yet to materialize. An analyst at J.P. Morgan Securities followed suit b...Read More
Oil futures are set to snap a 10-day losing streakFutures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are lower today, ahead of a likely a low-volume session, with bond markets and banks closed as the U.S. marks Veterans Day. However, investors are still eyeing a rebound in oil prices, after Saudi Arabia announced it would cut its output in Decembe...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: THAILAND SUCCESSFUL APPRAISAL WELL L53-DD2Pan Orient Energy Corp.'s L53-DD2 appraisal well has encountered an interpreted combined approximately 32 metres of net oil pay within four separate sandstone reservoirs between a true vertical depth of 1,044 metresto 1,105 metres. This interpretation was based on conventional open hole wire line logs, hydr...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: THAILAND SUCCESSFUL APPRAISAL WELL L53-DD2Pan Orient Energy Corp.'s L53-DD2 appraisal well has encountered an interpreted combined approximately 32 metres of net oil pay within four separate sandstone reservoirs between a true vertical depth of 1,044 metresto 1,105 metres. This interpretation was based on conventional open hole wire line logs, hydr...Read More
LONDON (Reuters) - Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day.Saudi Arabia, the world’s largest oil exporter, said on Sunday it would cut its shipments by half a million barrels per day in December due to seas...Read More
NEW YORK/HOUSTON (Reuters) - Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.U.S. oil producers ramped up production in the nation's third-largest oilpatch, boosting crude output to a record 1.3 million barrels per day (bpd)...Read More
WASHINGTON (Reuters) - When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat and a congressional a...Read More
LONDON (Reuters) - The pound held near a 10-day low on Monday as the twin forces of a resurgent dollar and reduced expectations of a Brexit deal fuelled a selloff.In volatile trading, sterling fell to a 1-1/2 week low of $1.2827 as negative headlines over the last 48 hours punctured growing optimism last week that an agreement between Britain and the European Commission was imminent.“While s...Read More
* Italian yields edge higher as Banca Carige preps cash call* Italy defiant before Tuesday deadline for revised budget* German bond yields hit new lows on Italy, Brexit uncertainties* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds detail on Banca Carige, industrial output data)By Abhinav RamnarayanLONDON, Nov 12 (Reuters) - Italy’s government bond yields inched up on Monday a...Read More
SINGAPORE/MANILA (Reuters) - China will further open its economy in the face of rising protectionism, Premier Li Keqiang said as he arrived in Singapore on Monday for meetings with Asia-Pacific leaders that will focus on speeding up work on a major new trade pact.Li’s remarks in an article in Singapore’s Straits Times newspaper came as Singapore’s Prime Minister Lee Hsien Loong c...Read More