JOHANNESBURG - A court has found that a strike by a union representing just under half of all workers at Sibanye-Stillwater's South African gold operations is legal, despite the company declaring otherwise last week.South Africa's Association of Mineworkers and Construction Union (AMCU) said on Friday that the court disagreed with Sibanye's reason for judging the strike unprotected, and ordered Si...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
The shares are trading near a historically bearish trendlineThe shares of Abercrombie & Fitch Co. (NYSE:ANF) gapped dramatically higher on Nov. 29 in reaction to the retailer's blowout earnings report. The positive momentum quickly cooled as the stock ran into its 80-day moving average. ANF is trading near this trendline once again, suggesting the retail shares could be headed on their next leg lo...Read More
Acquisition accelerates Seequent's growth in mining, civil engineering, energy, government and environmental sectors.CHRISTCHURCH, NZ, 21 December, 2018 - Seequent, a world leader in visual data science software, today announced it has completed the acquisition of Geosoft, a Canadian geoscience software company.The acquisition accelerates Seequent's growth in mining, civil engineering, energy, gov...Read More
Nike stock is leading the Dow higher after its Q2 earnings beatShares of Nike Inc (NYSE:NKE) are up nearly 9% at $73.48 in early trading, after the company announced its fiscal second-quarter earnings results last night. The Dow component reported strong online sales in North America, as well as quarterly revenue and profit that beat analyst expectations. J.P. Morgan Securities and Pivotal Researc...Read More
NEW DELHI - An Indian court on Friday said Vedanta cannot reopen its South Indian copper smelter until its hears a case challenging an order by the country's environment court which provided relief to the conglomerate, the petitioner in the case said.The smelter was ordered shut permanently by the Tamil Nadu state government in May following violent protests against its operation, killing 13 and i...Read More
NEW DELHI - An Indian court on Friday said Vedanta cannot reopen its South Indian copper smelter until its hears a case challenging an order by the country's environment court which provided relief to the conglomerate, the petitioner in the case said.The smelter was ordered shut permanently by the Tamil Nadu state government in May following violent protests against its operation, killing 13 and i...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has completed a non-brokered private placement of 4,623,800 units (each, a "Unit"), at a price of $0.45 per unit, for gross proceeds of $2,080,710.00. Each Unit consists of one common share of the Company, and one common share purchase warrant (a "Warrant"). Each Warr...Read More
* Gold discounts narrow in India* Activity quiet in China, Singapore, Hong Kong* Prices in Japan on par with benchmark gold for 14th weekMUMBAI/BENGALURU - Demand for physical gold was tepid across major buying centres in Asia this week as higher prices curbed purchases, with buying also impacted by the arrival of the year-end holiday season.Benchmark spot gold scaled a near six-month peak on Thur...Read More
DZ Bank downgraded FB stock to "sell"In the latest Facebook, Inc. (NASDAQ:FB) news cycle, the company, along with rival Twitter (TWTR), said it's removing fake news sites in Bangladesh ahead of elections there. Bloomberg has also reported that the tech giant is working on a cryptocurrency to be used in its WhatsApp application. Meanwhile, back on Wall Street, FB stock was just hit with a downgrade...Read More
Ontario's Government for the People is supporting Nipissing's film and television industry by investing more than $5.6 million in five local productions.Vic Fedeli, MPP for Nipissing, made the announcement today at Canadore College's post production facility. The investments include: $3.605 million for Collingwood TV Productions (II) Inc. to produce season two of the television series Carter $960...Read More
JOHANNESBURG - South Africa's Transnet hopes to re-open on Saturday one of two closed coal export lines linking mines to the Richards Bay export terminal after it was closed following a train derailment, the state-run freight company said on Friday.A preliminary investigation into the cause of the derailment points to sabotage, after the railway line was cut in half by a blow torch, Transnet Freig...Read More
Where in the world is Peter Schiff, as the stock market entered an apparent unraveling phase? Find the chief executive of Euro Pacific Capital, a longtime market pundit and well-known gold bug, on a beach in Puerto Rico, where he's taken up residence as he watches the equity market get rocked. "I'm watching the U.S. economy implode from the beach," Schiff told MarketWatch during a recent phone in...Read More
The used car retailer said comparable store unit sales slumped in the third quarter, thoughThe shares of CarMax, Inc (NYSE:KMX) were lower in premarket action, after the used car retailer said unit sales slumped 1.2% on a comparable store sales basis in the third quarter. However, the company also said total unit sales rose 2.3% over the three-month period, and reported a third-quarter earnings be...Read More
JAKARTA - A special mining permit given to Freeport McMoRan unit PT Freeport Indonesia on Friday is valid up to 2031, and could be extended to 2041, an energy ministry official said.* Copper ore output from Freeport's Grasberg mine is expected to decline in 2019 once open pit mining ends this year, Freeport Indonesia chief executive Tony Wenas said* Output from the mine is expected to increase onc...Read More
JAKARTA - A special mining permit given to Freeport McMoRan unit PT Freeport Indonesia on Friday is valid up to 2031, and could be extended to 2041, an energy ministry official said.* Copper ore output from Freeport's Grasberg mine is expected to decline in 2019 once open pit mining ends this year, Freeport Indonesia chief executive Tony Wenas said* Output from the mine is expected to increase onc...Read More
A shift in sentiment could spark more headwinds for the struggling tobacco nameThe shares of Altria Group Inc (NYSE:MO) are down 3.1% in early trading at $48.89, after Citigroup downgraded the stock to "sell" from "neutral," while trimming its price target $45 from $47. In addition, Independent Research downgraded MO to "sell" from "hold" and slashed its price target to $47 from $59, and Stifel ch...Read More
Australia's Lucapa Diamond (ASX:LOM) has locked in 100 million rand (about $7m) in development funding from South Africa's Industrial Development Corporation (IDC) for its 70%-owned Mothae diamond plant, in Lesotho.Commercial production at the mine, which the Perth-based company acquired in early 2017, began earlier this month via a new 1.1 million tonne-per-year plant that is progressively rampin...Read More
Australia's Lucapa Diamond (ASX:LOM) has locked in 100 million rand (about $7m) in development funding from South Africa's Industrial Development Corporation (IDC) for its 70%-owned Mothae diamond plant, in Lesotho.Commercial production at the mine, which the Perth-based company acquired in early 2017, began earlier this month via a new 1.1 million tonne-per-year plant that is progressively rampin...Read More
Australia's Lucapa Diamond (ASX:LOM) has locked in 100 million rand (about $7m) in development funding from South Africa's Industrial Development Corporation (IDC) for its 70%-owned Mothae diamond plant, in Lesotho.Commercial production at the mine, which the Perth-based company acquired in early 2017, began earlier this month via a new 1.1 million tonne-per-year plant that is progressively rampin...Read More