Press Release – iPredict

Bashar al-Assad will survive the month as President of Syria, trading by the 6000 traders on New Zealand’s online prediction market, iPredict, suggests. Contracts predicting whether or not he will survive in March, April and May have been launched … Read more »

Press Release – IG Markets

In US trade, there was cautious consolidation ahead of an expected resolution on major issues regarding Greece and ahead of the key US non-farm payroll data later today. Some encouragement came from better-than-expected US jobless claims data and … Read more »

Press Release – IG Markets

Across Asia, markets are struggling as investors exercise caution ahead of the European summit. Despite a fairly flat open, markets in the region have succumbed to uncertainty surrounding a deal between Greece and private bond holders. Over the weekend, Germany … Read more »

Press Release – IG Markets

In US trade, the FOMC surprised markets by first pledging to leave rates on hold until late 2014, and secondly committing to an explicit inflation target. With the FOMC sending out a strong signal that monetary policy is likely to remain accommodative … Read more »

Press Release – IG Markets

Overnight, US markets edged higher in thin trade on the back of two successful European debt auctions, though despite some disappointing US economic data. Among the major averages, the Dow Jones Industrial Average added 0.2% to close at 12471, the S&P … Read more »

Press Release – CMC Markets

With market volatility continuing, precious metals remain a good diversifying safe haven for storing wealth in 2012. However the latest CMC Markets Precious Metals Pulse urges investors to fully understand the cycles of each metal and to actively … Read more »

Press Release – IG Markets

Across Asia, regional markets are weaker after picking up a negative lead from the US and Europe. It was a night of clear risk aversion, with traders simply fearing slower economic growth globally. With no key dates to get excited about, hope seems … Read more »

Article – BusinessDesk

Dec. 5 (BusinessDesk) – West Australian rare earths and precious metals explorer Strategic Elements says its exclusive concession in dense West Coast forest represents “practically a virgin area untouched by modern exploration” with enormous mineral … Read more »

Article – BusinessDesk

Dec. 5 (BusinessDesk) – OceanaGold Corp’s Frasers Underground mine in Otago will be open for at least another three years, until 2017, based on a substantial increase in gold reserves following further exploration. Read more »

Press Release – IG Markets

Global markets rallied overnight after six central banks led by the Federal Reserve moved to ease the flow of funds to financial institutions and China cut the amount of cash that its banks must set aside as reserves. The Fed coordinated the move with … Read more »

Press Release – IG Markets

Across Asia, regional markets are weaker after S&P reduced its credit ratings on several big banks in the United States and Europe on Tuesday as the result of a sweeping overhaul of its ratings criteria. The news saw US markets pull back into the close … Read more »

Press Release – Coromandel Watchdog of Hauraki

Local residents and anti-mining group Coromandel Watchdog today blocked Newmont mining activities in forestry and conservation land in the Kauaeranga Valley near Thames and then escorted them from the valley. Read more »

Press Release – New Zealand Mint

Gold has had a year of ups and downs, surging to record prices in both USD$1921 and NZD$2325 before pulling back and trading within a range for the last 2 months. Key price influences during the year have been a mix of the predictable – for example … Read more »

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Gold explorer Glass Earth Gold lost C$670,000 (NZ$855,246) in the three months ended Sept. 30, taking its loss for the first nine months of its year to C$993,000, down from a loss of C$1.1 million in the same nine months … Read more »

Article – BusinessDesk

Nov. 18 (BusinessDesk) – New Zealand stocks fell, paced by Cavalier Corp after the carpet maker slashed its forecast earnings for the full year due to tepid consumer demand and surging wool prices. Read more »

Press Release – IG Markets

Across Asia, regional markets are enjoying mild gains after picking up some positive leads from overnight trading. There is a slight improvement in sentiment after some positive news out of the US and Europe. However, traders remain cautious ahead of … Read more »

Press Release – IG Markets

Global markets slid overnight as Italian debt yields escalated to euro-era record levels. The 10-year Italian bond yields topped 7% for the first time in the euro-era, completely erasing the optimism we had seen in the previous session. The spike in … Read more »

Press Release – IG Markets

Across Asia, regional markets are weaker as Greece moved to name a new leader after Prime Minister George Papandreou agreed to step down. Uncertainty has now gripped markets as many investors opt to wait for a new leader to be named with the frontrunners … Read more »

Article – BusinessDesk

Nov. 4 (BusinessDesk) – Perth-based junior gold explorer Peel Mining said it has been awarded two exploration permits covering the Rise and Shine gold project near Cromwell in Central Otago. Read more »

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Record world prices for gold offset higher costs, adverse exchange rate movements and reduced extraction rates at its two South Island mining sites for OceanaGold Corporation in the three months to Sept. 30. Read more »