Gold Report: Newmont Mining Poised for growth in Gold Sector

Gold Silver Reports – Gold Report: Newmont Mining Poised for growth in Gold Sector — Newmont Mining Corp laid out plans Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world’s largest bullion producer in 2018.

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Barclays Reports £1.9bn Loss Amid Trump Tax Changes

Gold Silver Reports – Barclays reports £1.9bn loss amid Trump tax changes — Hefty charges related to Donald Trump’s corporate tax changes, the cost of exiting Africa, the collapse of Carillion and legal battles pushed Barclays nearly £2bn into the red last year. Chief executive Jes Staley, who hailed a year of “considerable strategic progress,” collected a pay package of £3.9m, down from £4.2m, with his annual bonus cut to £1.07m from £1.3m and benefits also down, while his salary stayed at £2.4m.

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Gold Reverses

Jewellery Stocks Down, Gitanjali Gems Shares Tank 60% – PNB Fraud

Gold Silver Reports – Jewellery Stocks Down, Gitanjali Gems Shares Tank 60% – PNB Fraud — While Mehul Choksi-promoted Gitanjali Gems Ltd has lost around Rs435.91 crore or nearly 60% of its market value ever since the fraud at Punjab National Bank (PNB) came to light, the steep erosion has hammered other jewellery stocks as well.

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Axis Bank asks CIO Amit Sethi to Resign

Axis Bank asks CIO Amit Sethi to Resign, Goldman Neal Bhai Reports INDIA

Gold Silver Reports – Axis Bank asks CIO Amit Sethi to Resign — Axis BankBSE -0.08 % has asked its president and chief information officer Amit Sethi to resign. Sethi’s exit from the country’s third-largest lender followed a complaint from a whistleblower regarding the functioning of the bank’s technology department, which he headed, said two sources familiar with the development.

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