Global Cobalt’s Karakul project “a perfect storm”, says CEO

Articles

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  9:08 am

  FedEx Q4 profit drops 45% as customers opt for cheaper service

  FedEx Corp. (NYSE:FDX), the world's largest shipping airline, said profit in the fiscal fourth-quarter dropped 45 percent as customers shifted to cheaper delivery options and the company restructures parts of its business amid weak economic growth. Shares declined in premarket.

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  8:39 am

  Wall Street braces for Bernanke

  U.S. stock futures were skittish on Wednesday ahead of the main event, as investors got nervous waiting for the Federal Open Market Committee's monetary policy decision and press conference from Fed chairman Ben Bernanke later this afternoon. 

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  3:59 am

  Lydian International to uncover Amulsar’s deep secrets

  This year’s drilling comes amid a busy period for Lydian as it pushes towards the development of the known deposit. It is working to complete an updated feasibility study, including a new mine layout, and that is on-track for completion early in the third quarter.

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  Tue 12:40 pm

  Canada stocks stretch gains on upbeat U.S. data, Tim Hortons

  Canadian shares stretched gains for a second day on Tuesday, after stronger economic data from the U.S. bolstered energy producers, and as investors await news from a two-day U.S. Federal Reserve meeting. Tim Hortons' jump paced gains.

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  Tue 11:48 am

  Fed meeting casts dark cloud on gold

  Even the whiff of a scaling back of stimulus measures had a chilling effect on the market for gold futures, sending the price of the yellow metal to week-long lows on the Comex today. Gold, which has already seen a bull run of more than a decade upended in the last few months, would lose its lustre even further in a market less afeared of inflationary threats.

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  Tue 10:15 am

  Klondex Mines reports grades as high as 869 g/t gold from new area at Fire Creek, with upcoming resource to include latest results

  Klondex Mines (TSE:KDX) (OTCQX:KLNDF) has reported more drill results from its Fire Creek gold project in Nevada ahead of initial production projected for later this year, with such high grades in new, unexplored areas prompting the gold developer to delay its resource update. 

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  Tue 7:14 am

  Tethys Petroleum confirms Tajik tie up with Total and China

  "We believe the Bokhtar PSC is a world class asset with enormous potential,” Tethys president Dr David Robson said.

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  Mon 1:16 pm

  Apple a laggard in Q2's underperforming tech sector

  Apple (NASDAQ:AAPL) is a deadweight, at least when it comes to earnings growth amongst technology stocks. According to research bank FactSet, Apple's influence is so big that it will double the sector's earnings shrinkage in the second quarter of 2013.