Business

Investors Buy High Volume of Put Options on Kinross Gold (KGC)

Investors Buy High Volume of Put Options on Kinross Gold (KGC)

Royal Bank of Canada reduced their price objective on shares of Kinross Gold to C$5.75 and set an outperform rating for the company in a report on Thursday, March 16th. "(K) Price Target to C$6.50" was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of USA & global copyright & trademark legislation.


Senate passes PIB into law

Senate passes PIB into law

The bill seeks to open up the sector to more and better business opportunities, make the sector more transparent, and ensure better accountability of revenue derived from oil. The PIB is one of 11 Bills which the Senate promised to pass to steer Nigeria out of recession. He added that inefficiency, now associated with the sector, will also be done away with.


Minister McHugh is backing Varadkar for leadership

Minister McHugh is backing Varadkar for leadership

Candidates for the Fine Gael leadership have been warned to sign up to a code of conduct to govern their behaviour in the campaign and they are also obliged to abide by data protection rules governing the use of membership details. "Leo is a person whom I hold in the highest regard, I believe he has the experience, skill and integrity to provide the leadership our country needs and deserves".


G7 finance chiefs in Italy try to gauge Trump's policy plans

G7 finance chiefs in Italy try to gauge Trump's policy plans

The China deal, securing better access to the big Chinese market for U.S. beef, natural gas and some financial services, was welcomed by Mnuchin. The finance ministers and central bank governors from Britain, Canada, France, Germany, Italy, Japan and the United States also pledged to use all policy tools - monetary, fiscal and structural; individually and collectively - to promote sustainable and inclusive growth.


OPEC meets to extend oil cuts for up to one year

OPEC meets to extend oil cuts for up to one year

Ecuador Oil Minister Carlos Perez also confirmed that OPEC and other oil-producing countries would discuss a six- or nine-month extension to output cuts and probably choose the latter. Cuts are likely to be shared among all participants of the deal. But the price rise has spurred growth in the US shale industry, which is not participating in the output deal, thus slowing the market's rebalancing with global stocks still near record highs.



Fed signals it is close to rate hike

At 10:50 a.m. ET the Dow Jones Industrial Average .DJI was up 81.44 points, or 0.39 percent, at 21,093.86. USA stocks are up for the fifth straight day Wednesday morning as materials and real estate companies move higher. US crude prices were up 0.08 percent to $51.51 a barrel. LONDON , May 25 ( Reuters ) - The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback after the Federal Reserve dialled down some expectations that it would hike ...