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Thu 3:52 pm

U.S. shares drops as Ukraine tension overshadow upbeat data

U.S. stocks dropped after the latest flare of tensions between Ukraine and Russian forces overshadowed the latest batch of U.S. economic data. The S&P 500 inched down 0.1 percent at 3:37 p.m. in New York. The Dow Jones Industrial Average decreased 0.2 percent, and the Nasdaq Composite surrendered 0.2 percent. 

Breaking News

Thursday, August 28, 3:27 pm

Gold rises 0.5%; oil settles above $94

Gold futures rose to the highest in in more than a week as escalating tension in Ukraine spurred haven demand. Silver advanced. Gold futures for December delivery rose 0.5 percent to settle at $1,...


11:00 pm

Silver Lake Resources’ Mount Monger generates cashflow of $61M

Mount Monger Operations near Kalgoorlie generated positive cashflow of $61 million on the back of full year gold sales of 172,838 ounces.  Silver Lake Resources had $34.0 million of cash & bullion, no bank de...


  • TSX extends losses amid Ukraine tension; CIBC declines

    Canadian shares extended retreat for a second day as the conflict in Ukraine exacerbated and banks dropped after quarterly results. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 0.2 percent to 15,567.60 at 12:51 p.m. in New York. Three shares declined for every two stocks that gained.

  • Madalena Energy reports oil & gas revenue more than doubles in second quarter

    Madalena Energy Inc. (CVE:MVN) (OTCMKTS:MDLNF), an independent upstream oil and gas company focused on Argentina and Western Canada, reported oil and gas revenue more than doubled in the second quarter. Oil and gas revenue rose to $9.1 million in the three months ended June 30 from $3.9 million in the year-earlier period, the Calgary, Alberta-based company said in a statement today.

  • Tim Hortons agrees to be sold to Burger King for $11 bln

    Tim Hortons (TSE:THI) (NYSE:THI), Canada's largest quick-service chain, agreed to be bought by Burger King Worldwide (NYSE:BKW) for about $11 billion. The company would become the third-largest fast food company in the world with more than 18,000 restaurants in 100 countries and $22 billion in system sales.

  • NioCorp obtains extra high-grade niobium assays at Elk Creek; shares hit 16-week high

    NioCorp Developments (CVE:NB) (OTCMKTS:NIOBF) (FRA:BR3), a niobium explorer, rose to the highest in more than three months after receiving additional assays from the ongoing drilling and advancement operations at Elk Creek, Nebraska. Shares advanced to 78 Canadian cents, the highest intraday price since May 6, before trading at 74 Canadian cents, up 5.7 percent, at 1:12 p.m. in Toronto.

  • Energizer Resources initiated with positive recommendation at Stormcrow

    Energizer Resources (TSE:EGZ) (OTCMKTS:ENZR) rose in morning trades after Stormcrow Capital Ltd. initiated coverage on the the owner of the Madagascar's Molo Graphite project with a positive recommendation. Shares were up 3.5 percent at 15 Canadian cents at 9:41 a.m. in Toronto, extending this year's gains to 15 percent.

  • Burger King, Tim Hortons surge amid merger talks

    Burger King Worldwide (NYSE:BKW) and Tim Hortons (NYSE:THI) surged after the second-largest U.S. burger chain confirmed it's in talks to buy Canada's biggest coffee and doughnuts and to and move its headquarters to Canada, becoming the latest American company seeking to relocate to a lower-tax country.

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