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☆ Citi just added these names to its 'high-conviction' list of stocks — giving one over 50% upside
▼ + stars: | 2024-02-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Citi's target price for Mineral Resources: 71 Australian dollars ($46.8), implying nearly 20% upside. Citi's target price for Stockland: AU$5.10, or around 12% potential upside. Citi's target price for Intuitive Surgical: $428, or around 11.5% potential upside. Prosus Citi says Amsterdam-listed investment group Prosus is one of the European stocks most exposed to China and is set to be a "beneficiary of improving sentiment" to China. Citi's target price for Prosus: 42.50 euros ($46.2), implying 52.5% upside.

Persons: Stockland, Prosus, — CNBC's Michael Bloom Organizations: Citi, Mineral Resources Citi, Mineral Resources, Stockland, Prosus Citi Locations: United States, Europe, Asia, Australia, Amsterdam, China

☆ Chile raises alert for Villarrica volcano to amber
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: 1 min

A general view of the Villarrica volcano seen from Villarrica area, Chile, December 1, 2022. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsSept 24 (Reuters) - Chile's National Geology and Mining Service, Sernageomin, on Sunday raised the alert level for the Villarrica volcano from yellow to amber, citing a gradual increase in volcanic activity. One of South America's most active volcanoes, Villarrica has a 200 meter-wide open crater and last erupted in 2015, sparking a mass evacuation but ultimately no injuries. An amber alert means there is a greater probability that an eruption will take place in the coming days or weeks. Reporting by Oliver Griffin in Bogota Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, Oliver Griffin, Matthew Lewis Organizations: REUTERS, Mining Service, Thomson Locations: Chile, Bogota

[1/2] Picketers gather and march downtown as approximately 155,000 public sector union workers with the Public Service Alliance of Canada (PSAC) continue to strike, in Ottawa, Ontario, Canada April 24, 2023. For the 155,000 Public Service Alliance of Canada (PSAC) on strike, the main sticking point is wages. "If they do get the remote work language in the collective agreement, then others will be inspired to do the same." PSAC, which names remote work as its second priority after wages, said on its website that it is time to look to the future "by enshrining remote work protections" into collective agreements. On Tuesday the Treasury Board said remote work remained a sticking point.

April 18 (Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. At the current bitcoin price, these companies' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor. Bitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. "The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said. A rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell.

WASHINGTON, Nov 21 (Reuters) - Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the U.S. Justice Department said on Monday. They also made victims invest in a virtual currency bank called Polybius Bank, which in reality was not a bank and never paid out the promised dividends, the Justice Department said. "The size and scope of the alleged scheme is truly astounding," said Assistant Attorney General Kenneth Polite Jr of the Justice Department's criminal division. "U.S. and Estonian authorities are working to seize and restrain these assets and take the profit out of these crimes." The money laundering conspiracy allegedly involved at least 75 real properties, six luxury vehicles, cryptocurrency wallets, and thousands of cryptocurrency mining machines, according to the department, which said the case was probed by the FBI.

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