China's forex reserves rise slightly as U.S. dollar weakness continues

Section:

From Reuters
Saturday, April 7, 2018

BEIJING -- China's foreign exchange reserves rose slightly in March as broad U.S. dollar weakness continued and escalating trade tensions between the world's two largest economies bolstered expectations of a firmer Chinese currency.

Reserves rose $9 billion in March to $3.143 trillion, compared with a drop of $27 billion in February, central bank data showed on Sunday.

Economists polled by Reuters had expected reserves to increase by around $6 billion in March to $3.14 trillion. ...

... For the remainder of the report:

https://www.reuters.com/article/us-china-economy-forex-reserves/china-fo...



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Cobalt Blockchain Announces Supply Agreement
for Cobalt Concentrate from DRC Artisanal Mines Co-op

Company Announcement
Friday, April 6, 2018

TORONTO -- Cobalt Blockchain Inc. (TSXV:COBC) announced today that it has successfully negotiated a supply agreement with one of the largest local mining cooperatives in the Lualaba province of the Democratic Republic of the Congo.

Commencing in June 2018, the company will be supplied with a minimum of 40,000 tonnes of cobalt concentrate per year, with a minimum grade of 1 percent cobalt.

"This is a significant milestone in our strategy to generate near-term cash flow," noted Lance Hooper, Cobalt Blockchain president and chief operating officer. "Supply agreements with established mining cooperatives complement our plans for larger-scale, mechanized production activities on mineral concessions in our property portfolio." ...

... For the remainder of the announcement:

https://www.newswire.ca/news-releases/cobalt-blockchain-announces-supply...



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