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CALGARY, AB, July 20, 2020 /CNW/ - Touchstone Exploration Inc. ("Touchstone", "we", "our", "us" or the "Company") (TSX: TXP), (LSE: TXP) announces highlights of our independent reserves evaluation of the Cascadura Assessment Area prepared by GLJ Ltd. ("GLJ") with an effective date of June 30, 2020 (the "Cascadura Reserves Report"). The Cascadura Assessment Area is located in the Company's Ortoire exploration block, onshore in the Republic of Trinidad and Tobago (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest)....
(Bloomberg) -- Bullish factors building in the bullion market are set to see prices take out the record set in 2011, according to Citigroup Inc.Prices are benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation, analysts including Ed Morse wrote in the bank’s third-quarter commodities outlook. Gold is expected climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.“Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” the Citigroup analysts said. “It is only a matter of time for fresh” highs in U.S. dollars, they said.Gold has surged 19% this year to the highest in almost nine years as the coronavirus pandemic drove investors to havens, while easier monetary policy and other measures to shore up economies also...
Jul.20 -- The global demand for electric cars, particularly those from Tesla, is boosting a South Korean battery maker that is now the world’s number 1. LG Chem has surged more than 60% this year to a valuation of about $30 billion and is now the sixth largest stock on the Kospi index. Bloomberg’s Heejin Kim reports on “Bloomberg Markets: Asia.”...
Jul.20 -- Japan will start paying its companies to move factories out of China as the Abe government looks to secure supply chains and reduce dependence on manufacturing in the mainland. Bloomberg’s James Mayger reports on “Bloomberg Markets: Asia.”...
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(Bloomberg) -- Asian stocks have outperformed peers in the U.S. and Europe recently, bolstered by optimism toward China’s recovery and a sense that parts of the region have so far managed to keep a lid on the coronavirus pandemic.The MSCI Asia Pacific Index has climbed about 9% since the end of May through last week, compared with roughly 6% gains by both the S&P 500 Index and the Stoxx Europe 600. Tech stocks in Greater China have helped drive the advance in the Asian benchmark, with Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Taiwan Semiconductor Manufacturing Co. accounting for almost a third of the index’s increase.The rebound in Asia has been helped by a perception that governments in the region have done a better job in containing the virus, particularly in China, South Korea and Taiwan -- although questions remain about the scale of testing in Southeast Asia. A bubble...
