Russia Classifies Import/Export Data Publications to Prevent Speculation
Russia’s customs service has decided to temporarily stop releasing import and export data in an effort to prevent the West from speculating on the impact of sanctions on the country. According to Reuters, the Federal Customs Service suspended the publishing of trade balance data to make it more difficult for Washington and the European Union […]
Stellantis Names Leadership Team Focusing On Hydrogen Fuel Cell
Stellantis NV (NYSE: STLA) seems to be bolstering its hydrogen fuel cell division. The automaker announced today the appointment of select executive leadership team members specifically for the development of the emerging division. Former Naval Group and Renault Group executive Jean-Michel Billig is joining the firm as Chief Technology Officer specifically for hydrogen fuel cell […]
Bank of Canada Open to 75 Basis Point Rate Hike in Face of Surging Inflation
The Bank of Canada signaled it is prepared to unleash a bout of even more aggressive monetary policy action, and potentially hike borrowing costs by as much 75 basis points. During meetings with the IMF and World Bank in Washington on Thursday, Bank of Canada Governor Tiff Macklem said he was “not going to rule […]
London Metal Exchange To Cease Trading In Gold, Silver
The London Metal Exchange is exiting the precious metals business. The exchange today indicated that it will be ending its LMEprecious market due to low trading volumes in both gold and silver contracts. The move comes just five years after the firm attempted to break into the precious metals space, taking on industry giant the […]
Will We See A 75 Basis Point Rate Hike? – The Daily Dive
Closing out the week on the Daily Dive this week is Danielle DiMartino Booth, CEO of Quill Intelligence. We start the interview off with Danielle discussing the potential for a 75 point rate hike, where rates may go in the near term, and what impact monetary policy has had on participation rates. Also covered is […]
PureGold’s “Operational Turnaround” Started With Layoffs, Biweekly Mill Schedule, 4-Month CEO
For Pure Gold Mining Inc. (TSXV: PGM), the year 2022 began with a promise of “operational excellence.” Four months into the year, the firm just replaced its 4-month-old CEO, reduced 20% of the workforce, transitioned to a biweekly milling schedule, and has constantly been facing cash problems. From where is the firm’s operational turnaround turning […]
Libero Copper Sees Judge Halt Exploration On Concession At Mocoa
Libero Copper & Gold Corp (TSXV: LBC) appears to be facing some headwinds just days after posting an impressive partial assay of 0.75% copper over 251 metres. The firm is evidently facing some issues related to the exploration of the Mocoa property, the same property where that assay was intersected. As it turns out, as […]
Scotiabank: Bank of Canada Could Unleash Goliath-Sized Full Percentage Point Hike at Next Meeting
Time to brace for impact: according to one Canadian bank, the Bank of Canada may hike rates by a full percentage point come its next meeting, in face of the hottest inflation in over 30 years. Scotiabank Capital Markets Economics head Derek Holt warned there is a “solid case” for the central bank to embark […]
Augusta Gold Drops US$45 Million On “Shovel Ready” Oxide Gold Project In Nevada
Augusta Gold (TSX: G) this morning announced it’ll be opening up its pocketbook to acquire a new property. The property, referred to as the Reward Project, is found just seven miles from the firms Bullfrog Project in Nevada. On a combined basis, the project is to be acquired for $45.0 million in both cash and […]
CloudMD Sees Chair Of The Board Resign Effective Immediately, No Replacement Named
Management continues to exit en masse from CloudMD Software and Services (TSXV: DOC) as tailwinds leave the healthcare tech sector. The firm this morning saw another resignation of a key member of management, this time the Chair of the Board. The latest member to resign from their role with the company is Mark Kohler, whom […]