• Great Panther Reports Fiscal Year 2019 Financial Results

    GREAT PANTHER MINING LIMITED (NYSE American: GPL; TSX: GPR) ("Great Panther", the "Company") today reported financial results for the Company's year ended December 31, 2019 from its Tucano Gold Mine ("Tucano") in Brazil, and two Mexican mining operations: the Topia Mine ("Topia") and the Guanajuato Mine Complex ("GMC"), which includes the San Ignacio Mine, the Guanajuato Mine, and the Cata processing plant. All financial information is prepared in accordance with International Financial Reporting Standards ("IFRS"), except as noted in the Non-GAAP Measures section of the Company's Management's Discussion and Analysis ("MD&A;"). All dollar amounts are expressed in US dollars ("USD"), unless otherwise noted.


  • Coronavirus: Trump says US in good shape to meet 'peak'

    The US president says he is confident American hospitals will have enough ventilators to cope.


  • U.S. Futures Rise With Asia Stocks; Yen Retreats: Markets Wrap

    (Bloomberg) -- U.S. stock futures saw modest gains and most Asian shares were higher on Tuesday, adding to signs that global risk assets might have seen their lows for the coronavirus, at least for now.S&P 500 futures edged higher, hitting their highs Tuesday morning after a stronger-than-anticipated China manufacturing index. The U.S. gauge rose for the fourth time in five sessions Monday. Hong Kong stocks opened higher, and Australian and Korean shares rose, while Japan’s Topix dipped. Crude stabilized after tumbling in New York Monday. The yen sank as the end of Japan’s fiscal year brought positioning adjustments.“Certainly we are seeing bottoming in the equity market,” Jun Bei Liu, Tribeca Investment Partners portfolio manager, said on Bloomberg TV. Still “it’s very hard to see equities rally away, on the basis that the infections are still getting worse and the employment numbers continue to track lower,” she said.Global equities are on track to round out their worst quarter since the last three months of 2008 as investors grapple with the economic impact of the coronavirus spread. Meanwhile, President Donald Trump heeded advice from the government’s top doctors that re-opening the U.S. in two weeks risks greater loss of life and more U.S. states issued stay-at-home orders.Traders continued to look for bright spots, such as in health-care companies that could produce products that help curb the outbreak. Johnson & Johnson jumped after the company said it would begin a $1 billion-plus effort with the U.S. government to make a vaccine against the virus.In China, in a sign the world’s second-largest economy is restarting amid a growing threat from slumping external demand, the official purchasing managers’ index rose to 52.0 this month. That’s up from a record low of 35.7 in February and above the 50 mark which signals improving conditions.These are the main moves in markets:StocksS&P 500 futures rose 0.5% as of 10:25 a.m. in Tokyo. The S&P 500 Index climbed 3.4% Monday.Topix index fell 0.2%.Australia’s S&P/ASX 200 Index added 2.8%.South Korea’s Kospi index rose 1.6%.Hong Kong’s Hang Seng Index climbed 1.9% earlier.Shanghai Composite Index rose 0.7%.CurrenciesThe yen dipped 0.7% to 108.53 per dollar.The offshore yuan was little changed at 7.1076 per dollar.The euro was at $1.1012, down 0.3%.BondsThe yield on 10-year Treasuries fell more than one basis point to 0.71%.Australia’s 10-year bond yield rose about four basis points to 0.82%.CommoditiesWest Texas Intermediate crude rose 3.6% to $20.83 a barrel. It fell 5.7% in the previous session.Gold slipped 0.4% to $1,616.15 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


  • In California: The 3D industry, retirees and students respond to the pandemic

    Retirees and students can now join the ranks of those fighting coronavirus, part of an initiative unveiled Monday by Gov. Gavin Newsom. And I talk with Dave Gaylord of MatterHackers on the company's efforts to connect health professionals in need of equipment with those in the 3D printing industry.


  • Demand explodes for New York food banks

    New York food banks have become inundated with newcomers deprived of income since the near-total halt of business in the United States' economic capital. Sacks of oranges, sweet potatoes and onions are spread over three tables at an open-air market in Washington Heights, a neighborhood in the north of Manhattan. Hundreds of people came over the weekend to restock at the distribution center, one of many run by City Harvest, a major New York-based charity.


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    To the annoyance of some shareholders, SIA Engineering (SGX:S59) shares are down a considerable 32% in the last month...


  • Did You Manage To Avoid Norwest Energy's (ASX:NWE) 33% Share Price Drop?

    Norwest Energy NL (ASX:NWE) shareholders should be happy to see the share price up 20% in the last week. But if you...


  • Los Angeles-based challenger bank HMBradley officially opens its virtual doors

    The Los Angeles-based digital challenger bank, HMBradley, opened its virtual doors to the public today, allowing the thousands of waitlisted would-be users to set up direct deposits and collect their sign-up bonuses. Backed by PayPal founder Max Levchin's HVF Labs, along with Walkabout Ventures, Mucker Capital, Index Ventures, and Accomplice, to the tune of $3.5 million, HMBradley was designed to benefit savers, the company said. Account holders with balances up to $100,000 can receive up to 3% annual percentage yields on their accounts.


  • Working From Home Gives Chipmakers Boost While Others Suffer

    (Bloomberg) -- As the coronavirus prompts talk of an earnings recession for most Asian emerging stocks, there’s an industry that’s holding up: chipmaking.The worldwide lockdowns due to the virus and the ensuing contractions in output have sparked indiscriminate selling across industries, and dismal earnings forecasts for this quarter and beyond -- except for the tech industry.Micron Technology Inc. last week reported adjusted earnings that beat Street estimates by 24% and predicted stronger-than-expected revenue, fueling optimism about other chipmakers’ prospects. With most of the population in major economies worldwide working or learning remotely, online and ecommerce services are booming, stoking demand for cloud storage and a recovery in memory-chip prices.“Definitely, demand for server chips is on the rise as people increasingly go on a shopping spree online and are working remotely with laptops,” said Lee Seung-Hoon, head of equity at DB Asset Management. “For the tech industry, demand for handsets and home appliances has been hit. But this new trend suggests chipmakers could rebound faster than other industries, once virus infections peak.”The earnings season kicks off in April with investors keen to look beyond the abysmal first quarter. Samsung Electronics Co., the world’s largest memory chipmaker, will give a clearer picture of the industry’s outlook in its preliminary earnings release scheduled next week. The company’s shares have been the most sold by foreigners among Kospi members in March.Shares of Samsung Electronics gained as much as 1.4% and peer SK Hynix Inc. as much as 2.2% as of 10:26 a.m. on Tuesday in Seoul.Here are three charts with evidence that global chipmakers have better prospects than most industries this earnings season:Korean ExportsKorea’s preliminary semiconductor exports gained further in March, extending a rebound from a low in late 2019, shrugging off the effects the global coronavirus outbreak.The advance contrasts with a slump in the Bloomberg Asia Semiconductor Index because of concern the virus would disrupt supply chains and destroy demand.Micron’s EarningsMicron Technology’s forecast-topping earnings and optimistic sales outlook bode well for other chipmakers in Asia and elsewhere, offsetting slow demand for smartphones and home appliances.DRAM PricesThe chipmaking industry’s earnings cycle has historically moved in tandem with semiconductor prices.DRAMeXchange has raised its DRAM server chip price forecast for the second quarter to a gain of 20%, up from its earlier forecast for a gain of 15%, citing growing demand from server manufacturers and cloud service providers.(Adds share-price gains in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


  • Why Chongqing Rural Commercial Bank Co., Ltd.'s (HKG:3618) CEO Pay Matters To You

    The CEO of Chongqing Rural Commercial Bank Co., Ltd. (HKG:3618) is Wenhui Xie. This analysis aims first to contrast...


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