Top Story

Thu 4:05 pm

Dow closes up 421 pts on dovish Fed, even as oil price plunges 4.2%

U.S. stocks extended strong gains Thursday after the Fed signalled patience with its planned rate hikes yesterday, with the Dow closing up over 400 points, the biggest gain since November 2011.

Breaking News

Thursday, December 18, 3:50 pm

WTI falls 4.2% to end at $54.11; gold up 0.1% at $1,194

Crude oil declined to the lowest level in more than five years on concern a supply glut will worsen. West Texas Intermediate for January delivery fell 4.2 percent to settle at $54.11 a barrel on t...

International

2:48 am

ASX200 on a roll, but which oil play rocketed 100%?

Resources stocks and banks are leading the way today with the ASX200 rising 2.5% to 5,338.6 points.Despite the slump in oil prices, shares in this Texas-focused oil and gas company doubled today.Find out which company!

Articles

  • Coeur deviates from M&A focus, Paramount deal dilutive to NAV, says Dundee Capital

    Coeur Mining (NYSE:CDE) is paying the price for medium term business improvement with its proposed acquisition of Paramount Gold and Silver (TSE:PZG), according to analysts at Dundee Capital Markets. 

  • TSX rises as Fed rate policy offsets oil decline; Enerplus gains

    Canadian shares advanced as a rally in global equities on the U.S. Federal Reserve’s pledge to be patient on boosting rates overpowered a drop in oil prices. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.5 percent to 14,288.09 at 12:32 p.m. in Toronto. More than two shares advanced for every stock that declined as 8 out of 10 major industries gaining. The index is up 4.4 percent for the year.


  • Barrick Gold to suspend Zambian copper mine after royalty hike

    Barrick Gold (TSE:ABX) (NYSE:ABX), the world’s biggest producer of the metal, said it will take steps to stop production at its Zambian operation after the southern African country increased mining royalties. The new tax plan, expected to go into effect on Jan. 1, eliminates corporate income tax, but imposes a 20 percent gross royalty on revenue without considering profitability, the Toronto-based company said in a statement today.

  • CTT Pharmaceuticals to unleash faster, easier and safer way to take drugs orally

    The company’s drug delivery system is comprised of a thin film wafer, which is placed on the top floor of the tongue, and is retained at the site of application, rapidly releasing a variety of opioids such as morphine and codeine, as well as narcotics such as marijuana.

  • Caza Oil & Gas hails 'excellent' results from two latest New Mexico wells

    Caza Oil & Gas (LON:CAZA) (TSE:CAZ) unveiled ‘excellent’ results from its two latest wells in Lea County, New Mexico. The first, on the Marathon Road property, flowed 1,928 barrels of oil equivalent over 24 hours, of which 1,698 barrels was oil and 1.38mln cubic feet was gas. Caza’s interest is 14.7%.

  • Whitecap remains top pick in dividend paying space, says Dundee Capital

    Whitecap Resources (TSE:WCP) had its top pick status reiterated by Dundee Capital Markets Wednesday, as the Canadian light oil producer lowered its capital budget for next year and deferred its planned dividend increase.

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