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41 Organizations Join The Linux Foundation to Support Open Source Communities With Infrastructure and Resources
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Crypto Collectible ‘CryptoPuppies’ Partners with WAX and OPSkins Marketplace (PRNewsfoto/WAX)
Crypto Collectible 'CryptoPuppies' Partners with WAX and OPSkins Marketplace
KHARKOV, Ukraine and GRAND CAYMAN, Cayman Islands, April 26, 2018 /PRNewswire/ -- CryptoPuppies and Worldwide Asset eXchangeâ„¢(WAX) today announced that the company's Crypto Collectiblesâ„¢ will be available on OPSkins, the world's leading marketplace for online video game assets, and will be tradable with WAX Tokens, Bitcoin, ETH, US dollars, Euros and dozens of other currencies. CryptoPuppies is a decentralized game built on smart contracts running on the Ethereum blockchain. Players can buy, sell and breed their virtual creatures, called CryptoPuppies — each of which has a unique name, appearance and attributes. Gameplay revolves around players training and competing with their puppies against other players. "With online gaming, decentralized applications (Dapps), and blockchain technology on the rise, 2018 — The Year of the Dog — is the perfect year to launch CryptoPuppies. We wanted to create a game highly inspired by the new era of crypto-games, with a vibrant economy and fun, addictive gameplay via extendable mini-games," said Valery Kuznetsov, CEO of CryptoPuppies. "We are thrilled to help get people excited about the blockchain with their best friend — a CryptoPuppy!" "Our fascination with collecting begins in childhood. It's a very emotional attachment that we carry throughout our lives. The inception of blockchain-based collectibles presents a new opportunity for the crypto community to get involved, and game developers are taking notice," said Malcolm CasSelle, CIO of OPSkins and President of WAX. "As the popularity of these Crypto Collectibles grows, so does the need for a trustworthy marketplace, which is where WAX and OPSkins come in. Integrating CryptoPuppies to that ecosystem is an exciting move for us and for the blockchain-based gaming community as a whole." With the integration of CryptoPuppies onto the OPSkins platform, WAX Tokens gain additional utility and more players are incentivized to join the ecosystem. OPSkins is rapidly becoming the go-to marketplace to trade these Crypto Collectibles, also known as non-fungible tokens or NFTs. CryptoPuppies is the latest game based on NFTs to be added to OPSkins and tradable with WAX Tokens — the first was CryptoKitties in December 2017, and there are more to come. OPSkins boasts over two million weekly transactions on its platform, has millions of active customers, adds 200,000 new users each month and offers over five million items available for purchase using WAX. WAX allows anyone to create a virtual goods marketplace, onboarding millions of gamers to the growing cryptocurrency space. About CryptoPuppiesCryptoPuppies is a blockchain-based game. Players collect, breed and compete with CryptoPuppies, which are all unique thanks to a digital genome that defines how they look and what attributes they have. Players can compete with their best friends for fun, money or rare prizes. For more information, check out, join their discord or read the medium article. About WAXWAX is a functional utility token that supports a decentralized platform, enabling anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure or payment processing. Developed by the founders of OPSkins, the world's leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect and trade video game assets and Crypto Collectibles. With the inclusion of the WAX simple exchange widget, gamers will have access to a worldwide market with blockchain trust and transaction verification. For more information, please visit and Worldwide Asset eXchangeâ„¢, WAX and Crypto Collectiblesâ„¢ are trademarks and the sole property of Worldwide Asset eXchange. All other registered or unregistered trademarks are the sole property of their respective owners. Media Contact:Jackie   View original content with multimedia: SOURCE WAX
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Nest Wealth Pro Selected by SP Wealth LP to Power Their Digital Wealth Management Services
Fully digital solution enables firm to improve operational efficiency, increase advisor capacity and better engage clients Nest Wealth Pro is a digital wealth platform that incorporates a firm's existing process and infrastructures to more efficiently onboard, engage and manage their clients. SP Wealth LP anticipates the deployment of their fully digital wealth management solution in the third quarter of 2018. Nest Wealth has been chosen by some of Canada's largest wealth management firms and financial institutions, including the National Bank of Canada, to modernize their wealth management platforms. TORONTO, April 25, 2018 /CNW/ - Nest Wealth, North America's leading digital wealth solution provider, is pleased to announce SP Wealth LP has chosen the Nest Wealth Pro platform to elevate the firm's digital advice capabilities and offerings. "We are excited to be working with SP Wealth LP to bring greater convenience to their members and advisors," says Randy Cass, CEO of Nest Wealth. "The wealth management industry is rapidly evolving and Nest Wealth Pro provides industry leading firms with a best-in-class technology-driven solution while also allowing them to control costs and their advisors to better serve clients." Nest Wealth Pro is designed to integrate with a firm's existing infrastructure and increase efficiency by automating tasks like client onboarding, KYC and goal tracking. Advisors are able to monitor, communicate and manage all of their clients in one place giving them more time to focus on their existing clients and growing their business. Firms are able to capture key client behaviour, event or required activity to ensure they are always informed and in position to add value. By combining these advantages firms are able to provide a better client experience while being more efficient resulting in significant growth in revenues. "Nest Wealth brings an unrivaled combination of experience and technology to the table that will help us modernize and accelerate our firm. Being able to substantially reduce the administrative work that doesn't add value to our clients and reallocate that time and energy to serve our clients better will greatly enhance our overall platform," said James Fox, CEO at SP Wealth LP.  "Working with some of Canada's largest firms for years and, being able to take their feedback to evolve our platform has led to great innovation for our clients and better outcomes for both advisors and their Canadian investors," said Cass.  About SP Wealth LP SPWealth is an independent wealth management firm that serves the needs of individuals, families, and foundations who want to build and preserve their wealth. Our mission is to deliver expert guidance, superior long-term returns, and exceptional service to our clients. About Nest Wealth Through leading-edge technology and industry-tested investment rules, Nest Wealth provides investors with a smarter, quicker way to reach their financial goals. Nest Wealth is an automated, low-cost, and transparent direct-to-investor wealth management solution that makes it easier for investors to obtain sophisticated management of their financial portfolio. Nest Wealth Pro offers advisors and investment firms a white label digital wealth management solution to better serve their clients through simple onboarding, greater transparency and fully-integrated back office and compliance functionality. Nest Wealth at Work, a fully-digital group RRSP plan, is the only group RRSP offering developed specifically for small-to-medium-sized businesses to quickly and easily offer their employees a path to financial well-being. Together, Nest Wealth has built a better way to invest. SOURCE Nest Wealth

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LONDON, April 16, 2018 /PRNewswire/ --
Finance Attitude - Technical Analysis EURUSD (2018-03-30)
EURUSD price is now following the uptrend (from the Weekly chart). The price is moving up for a long time. It has broken very strong support become resistance level in the long time frame. Now the pair is on retrenchment. If it gets a bullish sign in the retrenchment area, it might go up to the resistance level we have marked. Besides, the Daily chart shows that the price had created a double top and went down. Now it is again going up. Hopefully, the pair will go up to the next resistance level.  
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VPE Bank First German Bank to Launch Cryptocurrency Trading
MUNICH and BERLIN, April 25, 2018 /PRNewswire/ -- Securities trading bank VPE has launched the first cryptocurrency trading service for institutional investors in Germany, expanding its brokerage offering  VPE WertpapierhandelsBank AG (VPE) has launched regulated cryptocurrency trading services for institutional investors. VPE offers best-in-class technology and possesses a license from German financial regulator BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) to offer its customers secure and regulated cryptocurrency trading services.      (Logo: ) "Cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others have become a promising asset class in recent years. To date, trading digital tokens has been restricted to crypto exchanges and online market places. We are pleased to be the first German bank to offer our customers cryptocurrency trading services," said Katharina Strenski, Public Relations Manager at VPE. As a securities trading bank, VPE has an impressive trading track record and has access to the appropriate networks and technical requirements for processing individual transactions. VPE also meets all necessary KYC (Know your Customer) and AML (Anti-Money-Laundering) requirements. The product, which offers automated cryptocurrency trading, has been developed in partnership with solarisBank, the first banking platform with a full banking license, and with support from leading banking and legal crypto experts. VPE's virtual currency trading account is held in escrow by solarisBank. Customers will also receive access to an individual virtual currency wallet hosted by VPE. This will make trading fast and simple while ensuring the highest security standards. "Until now, institutional investors have faced high entry barriers to crypto trading. Our cryptocurrency trading services offer a much more convenient alternative," Strenski added. Risk Disclosure: Trading and investing in cryptocurrencies involves substantial risk of loss and is not suitable for every investor. About VPE VPE Bank stands for performance - in business and beyond. Working closely with competent partners, we follow clear guidelines and assess outcomes closely to create added value together. We constantly question conventional wisdom and develop bespoke new solutions for all our customers. We're committed to creating lasting value - for our customers, shareholders, and partners. Our mission gives our business model a clear focus. We reconcile customer goals, plans, and needs with what the market has to offer. At the same time, our mission provides guidance and sets benchmarks for all our activities - from our products and services, to employee actions and company communications. Press and Media contact Katharina Strenski PR Manager E-Mail: Tel.: +49-302-575-6736  VPE WertpapierhandelsBank AG
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Southern National Bancorp of Virginia Inc. announces strong earnings of $8.3 million for the quarter ended March 31, 2018 and declares a dividend of $0.08 per share, its twenty-sixth consecutive quarterly dividend.
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SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of The Finish Line, Inc. - FINL
NEW YORK, April 26, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating The Finish Line, Inc. ("Finish Line" or the "Company") (NASDAQ: FINL) relating to the sale of the Company to JD Sports Fashion Plc. As a result of the merger, Finish Line shareholders are only anticipated to receive $13.50 in cash in exchange for each share of Finish Line. Click here for more information:  It is free and there is no cost or obligation to you. The investigation focuses on whether Finish Line and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting. Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.  Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer. If you own common stock in Finish Line and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at or by telephone at (212) 971-1341. Contact:Juan E. Monteverde, Esq.MONTEVERDE & ASSOCIATES PCThe Empire State Building350 Fifth Ave. Suite 4405New York, NY 10118United States of Tel: (212) 971-1341 Attorney Advertising. (C) 2018 Monteverde & Associates PC.  The law firm responsible for this advertisement is Monteverde & Associates PC (  Prior results do not guarantee a similar outcome with respect to any future matter. View original content with multimedia: SOURCE Monteverde & Associates PC
LONDON--(BUSINESS WIRE)-- SpendEdge, a global procurement intelligence advisory firm, has announced the release of their ‘Wellhead Equipment Market Procurement Research Report.’ Th
Freedom CNG Metro Station - Houston, Texas. Freedom CNG currently operates and supplies four stations with a NEW station at Greenshadow Dr and Texas 8 Beltway opening soon. (PRNewsfoto/Freedom CNG)
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LONDON--(BUSINESS WIRE)-- Technavio market research analysts forecast the global shale oil market to grow at a CAGR of over 5% during the period 2018-2022, according to their lates
Detour Gold (CNW Group/Detour Gold)
Detour Gold Reports First Quarter 2018 Results and Provides Update on Mine Plan Assessment with Guidance Revisions for 2018
TORONTO, April 26, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") reports its operational and financial results for the first quarter of 2018 and provides an update on its assessment of a revised mine plan with guidance revisions for 2018. This release should be read in conjunction with the Company's first quarter 2018 Financial Statements and MD&A on the Company's website or on SEDAR. All amounts are in U.S. dollars unless otherwise indicated. All references to non-IFRS measures are denoted with the superscript "o" and are discussed at the end of this news release. Q1 2018 Highlights Gold production of 157,141 ounces Mill throughput of 50,860 tpd and mining rate of 249,780 tpd Total cash costso of $744 per ounce sold and all-in sustaining costso ("AISC") of $1,072 per ounce sold Revenues of $201.4 million on gold sales of 151,060 ounces at an average realized priceo of $1,330 per ounce Earnings from mine operations of $51.0 million Net earnings of $9.9 million ($0.06 per basic share) and adjusted net earningso of $28.2 million ($0.16 per basic share) Cash and cash equivalents increase to $152.5 million at March 31, 2018 after repaying $10 million of debt 2018 Guidance Revisions  2018 gold production and AISC revised to reflect anticipated mine sequencing changes for the revised life of mine plan (see below) and projected lower mill throughput, and actual and anticipated higher operating costs and additional capital expenditures 2018 Guidance Revised Previous Gold production (oz) 595,000-635,000 600,000-650,000 Total cash costso ($/oz sold) $700-$750 $670-$730 AISCo ($/oz sold) $1,200-$1,280 $1,050-$1,150   2018 free cash flow before financing activitieso estimated at $55 million compared to $115 million in prior guidance Update on Mine Plan Assessment As previously disclosed, the Company has been evaluating the opportunity to improve the near-term gold production and cash flow profile of the Detour Lake operation by accelerating access to the higher grades scheduled to be processed in 2021 and 2022 under the life of mine plan issued in March 2017 ("2017 LOM plan"). Based on the Company's assessment, the revised mine plan increases gold production in 2019 and 2020 by approximately 50,000 ounces each year, thereby smoothing the projected gold production over the period 2019-23 to an average of approximately 600,000 ounces per year and substantially reducing the large variation in production under the 2017 LOM plan. Despite achieving the primary objective of this assessment, the benefits are diminished as a result of two factors: During the review of the cost model from the 2017 LOM plan, management determined that some of the operating cost and capital expenditure assumptions needed to be increased and the quantum of anticipated operating and maintenance improvements needed to be slightly reduced. These changes reflect new insights derived from recent operational experience, some ongoing relevant benchmark comparisons and the Company not achieving its unit cost objectives for 2017; and As one of the Company's Aboriginal communities has not yet expressed its support of the Environmental Study Report filed in January 2017 for the West Detour project, management has now determined that greater permitting flexibility is appropriate and has therefore rescheduled the North pit development and any impact on Walter Lake to 2026. This delay is resulting in the deferral of approximately 150,000 ounces to beyond the 2019-23 period. The development of the West Detour pit remains in 2025. The Company is in the process of completing its assessment and expects to release a revised life of mine plan in June 2018 ("2018 LOM plan") to reflect the foregoing factors. The areas which remain to be concluded are some of the future life of mine capital assumptions and the rate at which certain operating cost reductions can be realized although management does not anticipate these to have a significant impact on its overall conclusions to date. The planned mill throughput, life of mine strip ratio and assumed mobile equipment and fixed plant productivities are largely unchanged from the assumptions in the 2017 LOM plan. Although work is continuing and more detailed reviews are still required, given the expected changes on the period 2019-23 and on the life of mine, the Company is providing the following preliminary information:     Mine Parameters Period 2019-23 2018 LOM Plan (preliminary) Period 2019-23 2017 LOM Plan Total mined (Mt)  617 639 Ore mined (Mt) 111 114 Strip ratio (waste:ore) 4.5 4.6 Ore milled (Mt)1 114 114 Average gold grade (g/t) 0.90 0.93 Recovery (%) 92.0 92.4 Total recovered gold (M oz) 3.0 3.15 Average annual gold production (oz) 606,000 630,000 (1)  Includes 5.3 Mt of LG Fines and 1.8 Mt of low grade material (0.4-0.5 g/t) processed during that period.   Additional preliminary operational information for the period 2019-2023: Annual mining rate to ramp up to 126 Mt in 2023 Annual plant throughput to increase to 22.5 Mt in 2019 and be maintained at 23.0 Mt starting in 2021 Strip ratio to vary annually from 3.5:1 to 6.6:1 ROM stockpiles are depleted and rebuilt at various times through this period Preliminary financial analysis for the period 2019-2023 and life of mine:   Parameters 2018 LOM Plan2 (preliminary) 2017 LOM Plan1,2 Period 2019-2023 Gold Production (M oz) ~3.0 3.15 Total Site Costs4 (US$/oz sold) $950-$1,0003 $888 Total Site Cash Flows (pre-tax) (C$ Billions) At $1,250/oz & FX rate 1.25 ~1.0 1.4 At $1,300/oz & FX rate 1.25 ~1.2 1.65 Life of Mine (2018-2040) Gold Production (M oz) ~15.0 14.7 Total Site Costs4 (US$/oz sold)  $810-$850 $747 Total Site Cash Flows (pre-tax) (C$ Billions) At $1,250/oz & FX rate 1.25 $7.4-$8.1 $8.9 At $1,300/oz & FX rate 1.25 $8.3-$9.0 $9.85 NPV 5% (after-tax) (C$ Billions) At $1,250/oz & FX rate 1.25 $3.0-$3.2 $3.7 At $1,300/oz & FX rate 1.25 $3.4-$3.6 $4.1 (1) 2017 LOM Plan assumed a gold price of $1,250/oz for all years and FX rate of 1.27 for 2018 and 1.25 for all other years. Year 2017 has been removed from mine plan. (2) The following assumptions from the 2017 LOM plan are unchanged in the 2018 LOM plan: electricity costs at $0.035/kWh to end of 2024 (except $0.03/kWh for 2018) and $0.08/kWh for 2025+; diesel costs at $0.80/L for 2018+. (3) For 2019-20, preliminary total site costs average $1,050-$1,125/oz sold and are expected to gradually decline to below $900/oz sold in 2023. (4) Total site costs are presented on an average annual basis. This non-IFRS measure is discussed at the end of the news release. (5) Number not provided in March 2017 Technical Report.   Q1 2018 Results Operational results Gold production totaled 157,141 ounces in the first quarter, reflecting higher head grades offset by lower mill throughput tonnage. Record head grade of 1.17 grams per tonne (g/t) was above projections for the quarter due to higher grades returned from mining the Campbell pit crown pillar. Mill recoveries were 91.1%, in line with plan. Mill throughput in the first quarter was 4.6 million tonnes (Mt), impacted by additional repairs predominantly to the primary crusher and related conveyor belt damage. The installation of a new redesigned mantle for the primary crusher is scheduled for June 2018. A total of 22.5 Mt (ore and waste) was mined in the first quarter (equivalent to mining rates of 249,780 tpd), well below plan due predominately to low shovel availability caused primarily by the premature failure of one of the rope shovel frames and, to a lesser extent, other shovel component failures, combined with the delay in commissioning the Company's seventh shovel (operational since mid-April). Mining rates are back on track with an average of approximately 300,000 tpd for April. At the end of the first quarter, run-of-mine stockpiles totaled 7.1 Mt grading 0.69 g/t (approximately 158,000 ounces). Detour Lake Operation Statistics Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Ore mined (Mt) 5.8 4.7 5.4 4.9 4.8 Waste mined (Mt) 16.7 22.4 20.6 20.4 17.0 Total mined (Mt) 22.5 27.0 26.1 25.2 21.8 Strip ratio (waste:ore) 2.9 4.8 3.8 4.2 3.6 Mining rate (k tpd) 250 294 283 277 242 Ore milled (Mt) 4.6 5.0 5.7 5.5 5.2 Head grade (g/t Au) 1.17 1.04 0.86 0.95 0.88 Recovery (%) 91.1 90.3 89.6 89.8 88.6 Mill throughput (tpd) 50,860 54,144 61,548 60,259 58,114 Ounces produced (oz) 157,141 150,046 139,861 150,138 131,418 Ounces sold (oz) 151,060 156,293 128,498 142,970 134,213 Average realized priceo ($/oz) $1,330 $1,277 $1,273 $1,257 $1,216 Total cash costso ($/oz sold) $744 $705 $668 $706 $788 AISCo ($/oz sold) $1,072 $989 $1,032 $1,123 $1,118 Mining (Cdn$/t mined) $3.75 $2.99 $2.84 $2.83 $2.92 Milling (Cdn$/t milled) $11.60 $10.51 $8.29 $9.63 $10.26 G&A (Cdn$/t milled) $4.61 $3.43 $3.26 $3.35 $3.46 Note: Totals may not add due to rounding.   Financial Review Revenues for the first quarter were $201.4 million on the sale of 151,060 ounces of gold at an average realized priceo of $1,330 per ounce. Cost of sales for the first quarter totaled $150.4 million, including $37.5 million of depreciation (or $248 per ounce sold). Total cash costso of $744 per ounce sold in the first quarter, reflecting higher mining and milling costs, mainly attributable to unplanned repairs and contractor crushing costs (during repairs to primary crusher). AISCo of $1,072 per ounce sold in the first quarter, reflecting sustaining capital expenditures of $43.7 million and deferred stripping costs of $1.3 million. Sustaining capital expenditures included $29.3 million for mining (mainly for the haul truck and shovel purchases and major component replacements for some of the mobile fleet), $8.0 million for the ongoing construction of the tailings facility, $1.3 million for processing, and $5.1 million for site infrastructure (mainly for the new accommodation camp). Earnings from mine operations for the first quarter totaled $51.0 million. Net earnings for the first quarter were $9.9 million ($0.06 per basic share). Adjusted net earningso in the first quarter amounted to $28.2 million ($0.16 per basic share). Liquidity and Capital Resources Debt was reduced in the quarter with a discretionary $10 million payment made in March towards its Revolving Credit Facility. As at March 31, 2018, the Company had $152.5 million of cash and cash equivalents, approximately $210 million available from its bank credit facility, and net debto of $108 million. Financial Risk Management As at March 31, 2018, the Company had $144 million of zero-cost collars to hedge its Canadian dollar costs in 2018 whereby it can sell U.S. dollars at an average rate of 1.25 and can participate up to an average of 1.31. This represents a hedge coverage ratio of approximately 35% for projected expenditures for the remainder of 2018. The Company does not have any gold hedges as of March 31, 2018. Selected Financial Information (in $ millions unless specified) Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Metal sales  201.4 200.0 164.0 180.1 163.7 Production costs 112.9 110.9 86.8 101.8 106.4 Depreciation 37.5 39.1 30.5 35.6 35.1 Cost of sales 150.4 150.0 117.3 137.5 141.5 Earnings from mine operations 51.0 50.0 46.7 42.6 22.2 Net earnings 9.9 16.7 41.1 24.4 6.0 Net earnings per share 0.06 0.10 0.24 0.14 0.03 Adjusted net earningso 28.2 26.8 27.0 16.3 5.0 Adjusted net earnings per shareo 0.16 0.15 0.15 0.09 0.03 Note: Totals may not add up due to rounding.   Exploration Activities A 7,000 metre drilling program commenced in February 2018 to test several targets to the northeast and west of Zone 58N. The Company completed 5,621 metres in 18 holes during the winter program. Alteration and mineralization similar to Zone 58N, including visible gold, was intersected in a number of holes. The Company expects to have all the assay results by the end of the second quarter and based on this additional understanding of the area will continue to identify additional drilling targets. The Company has completed the block model for Zone 58N and plans to release an initial mineral resource estimate in the second quarter of 2018 and will then evaluate options for an appropriate advanced underground exploration program to further test the underground mining potential of Zone 58N. 2018 Outlook and Guidance Revisions The Company is revising its annual gold production guidance to between 595,000 and 635,000 ounces to reflect the anticipated change in mine sequencing planned in the 2018 LOM plan and to account for lower annual mill throughput tonnage (mainly resulting from the first quarter). AISCo for 2018 are estimated to be between $1,200 and $1,280 per ounce sold with the increase being approximately equally attributable to: lower gold production; lower ore tonnes mined resulting in the use of ROM stockpiles; increased operating costs related to higher consumption of mill consumables, higher price assumptions for diesel (C$0.75/L to C$0.80/L) and electricity (C$0.025/kWh to C$0.030/kWh), increased contractor crushing (until the new primary crusher mantle is installed in June), and mobile fleet and fixed plant asset repairs; and a $16 million increase in essential capital expenditures ($6 million for processing plant equipment, $5 million for the mobile fleet, $3 million for the tailings facility and $2 million for other). With these planned adjustments, the Company is expected to generate approximately $55 million of free cash flow before financing activitieso in 2018 compared to the prior estimate of $115 million (using a gold price of $1,300/oz and U.S. to CAD exchange rate of 1.25). The mine plan for 2018 now calls for approximately 107 Mt versus 112 Mt to be mined from the Detour Lake pit as a result of the first quarter performance and the anticipated mine sequencing changes driven by the 2018 LOM plan. The average waste to ore strip ratio for the year is revised to 4.7:1 from 3.7:1, thereby increasing deferred stripping costs to approximately $60 million from $21 million. Based on the performance of the plant in the first quarter and a longer delay than anticipated in substituting the new mantle in the primary crusher, the plant is now forecast to process 21.0 Mt versus 22.0 Mt of ore. Forecast head grade and recoveries remain relatively unchanged for the full year. Conference Call   The Company will host a conference call on Friday, April 27, 2018 at 9:30 AM E.T. Access the conference call as follows: Via webcast, go to and click on the "Q1 2018 Results, Update on Mine Plan Assessment with Guidance Revisions for 2018 Conference Call and Webcast" link on the home page By phone toll free in North America 1-800-319-4610 By phone Toronto local and internationally 416-915-3239 A playback will be available until May 27, 2018 by dialing 604-674-8052 or 1-855-669-9658 within Canada and the United States, using pass code 2160. The webcast and presentation slides will be archived on the Company's website. Annual General Meeting of Shareholders Detour Gold's Annual General Meeting of Shareholders will be held on May 3, 2018 at 2:00 PM E.T. in the St. Andrew's Lounge (27th Floor) of Vantage Venues at 150 King Street West in Toronto. Technical Information The scientific and technical content of this news release was reviewed, verified and approved by Drew Anwyll, P.Eng., Senior Vice President Technical Services, a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects." About Detour Gold Detour Gold is an intermediate gold producer in Canada that holds a 100% interest in the Detour Lake mine, a long life large-scale open pit operation. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC. For further information, please contact: Paul Martin, President and CEOTel: 416-304-0800 Laurie Gaborit, VP Investor RelationsTel: 416-304-0581   Detour Gold Corporation, Commerce Court West, 199 Bay Street, Suite 4100, P.O. Box 121, Toronto, Ontario M5L 1E2 Non-IFRS Financial Performance Measures The Company has included certain Non-IFRS measures in this document with no standard meaning under International Financial Reporting Standards ("IFRS"): total cash costs, all-in sustaining costs, average realized gold price, adjusted net earnings, adjusted basic net earnings per share, free cash flow before financing activities and net debt. Refer to Non-IFRS Financial Performance Measures in the Company's Q1 2018 MD&A for further information. The Company believes that these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. All-in sustaining costs The Company believes this measure more fully defines the total costs associated with producing gold. The Company calculates all-in sustaining costs as the sum of total cash costs (as described below), share-based compensation, corporate general and administrative expense, exploration and evaluation expenses that are sustaining in nature, reclamation cost accretion, sustaining capital including deferred stripping, and realized gains and losses on hedges due to operating and capital costs, all divided by the total gold ounces sold to arrive at a per ounce figure. Total cash costs   Detour Gold reports total cash costs on a sales basis. Total cash costs include production costs such as mining, processing, refining and site administration, agreements with Aboriginal communities, less non-cash share-based compensation and net of silver sales divided by gold ounces sold to arrive at total cash costs per gold ounce sold. The measure also includes other mine related costs incurred such as mine standby costs and current inventory write downs. Production costs are exclusive of depreciation and depletion. Production costs include the costs associated with providing the royalty in kind ounces. All-in sustaining costs and total cash costs do not have any standardized meaning whether under IFRS or otherwise and therefore may not be comparable to other issuers. Accordingly, other companies may calculate these measures differently as a result of differences in underlying principles and policies applied. Differences may also arise to a different definition of sustaining versus non-sustaining capital. These measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Three months ended March 31 In millions of dollars, except per ounce 2018 2017 Gold ounces sold 151,060 134,213 Total Cash Costs Reconciliation Production costs $ 112.9 $ 106.4 Less: Share-based compensation - (0.2) Less: Silver sales (0.5) (0.4) Total cash costs $ 112.4 $ 105.8 Total cash costs per ounce sold  $ 744 $ 788 All-in Sustaining Costs Reconciliation Total cash costs $ 112.4 $ 105.8 Sustaining capital expenditures1 45.0 38.8 Accretion on decommissioning and restoration provision - - Share-based compensation - 0.2 Realized (gain) loss on operating hedges2 (0.1) 0.5 Corporate administration expense3 4.4 4.0 Sustaining exploration expenditures4 0.3 0.7 Total all-in sustaining costs $ 162.0 $ 150.0 All-in sustaining costs per ounce sold  $ 1,072 $ 1,118 1Based on property, plant and equipment additions per the cash flow statement, which includes deferred stripping. Non-sustaining capital expenditures included in the cash flow statement have been excluded. Sustaining capital expenditures include the value of commissioned assets with deferred payments. Non-sustaining capital expenditures primarily relate to the West Detour project. 2Includes realized gains and losses on derivative instruments related to operating hedges (foreign exchange and diesel hedges only) as disclosed in the "Derivative instruments" section of the Financial Statements. These balances are included in the statement of comprehensive earnings, within caption "net finance cost". 3Includes the sum of corporate administration expense, which includes share-based compensation, per the statement of comprehensive earnings, excluding depreciation within those figures. 4Includes the sum of sustaining exploration and evaluation expense, which includes share-based compensation, per the statement of comprehensive earnings, excluding depreciation within those figures. Non-sustaining exploration and evaluation expense primarily relates to costs associated with Zone 58N, regional exploration, and Burntbush property.   Total site costs Detour Gold reports total site costs on a sales basis. Total site costs include production and site operating costs such as mining, processing, site general and administration, bullion shipment, refining, agreements with Aboriginal communities, site capital costs (including closure costs) and net of silver sales. The Company calculates total site costs per ounce as the sum of total site costs (as described above) divided by the total gold ounces sold.  Average realized price and Average realized margin Average realized price and average realized margin per ounce sold are used by management and investors use these measures to better understand the gold price and margin realized throughout a period. Average realized price is calculated as metal sales per the statement of comprehensive earnings and includes realized gains and losses on gold derivatives, less silver sales. Average realized margin represents average realized price per gold ounce sold less total cash costs per ounce sold. Three months ended March 31 In millions of dollars, except per ounce 2018 2017 Metal sales $ 201.4 $ 163.7 Realized (gain) loss on gold contracts - - Silver sales (0.5) (0.4) Revenues from gold sales $ 200.9 $ 163.3 Gold ounces sold 151,060 134,213 Average realized price per gold ounce sold $ 1,330 $ 1,216 Less: Total cash costs per gold ounce sold (744) (788) Average realized margin per gold ounce sold $ 586 $ 428   Adjusted net earnings and Adjusted basic net earnings per share Adjusted net earnings and adjusted basic net earnings per share are used by management and investors to measure the underlying operating performance of the Company. Presenting these measures from period to period helps management and investors evaluate earnings trends more readily in comparison with results from prior periods. Starting in 2018, the Company revised the reconciliation of these metrics. The previous method adjusted for the impact of deferred taxes, while the current method adjusts for the impact of foreign exchange translation on non-monetary assets. The Company believes this adjustment will result in a more meaningful trend analysis for investors and analysts to evaluate the Company's performance. Adjusted net earnings is defined as net earnings adjusted to exclude specific items that are significant, but not reflective of the underlying operations of the Company, including: the impact of foreign exchange gains and losses, unrealized and non-cash fair value gains and losses of financial instruments, accretion on long-term debt, impairment provisions and reversals thereof, and other non-recurring items. The tax effect of adjustments, as well as the impact of foreign exchange translation on non-monetary assets, is presented in the income and mining tax adjustments line. Adjusted basic net earnings per share is calculated using the weighted average number of shares outstanding under the basic method of earnings per share as determined under IFRS. In millions of dollars and shares, except where noted Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Full Year2017 Basic weighted average shares outstanding 174.9 174.8 174.7 174.6 174.6 174.7 Adjusted net earnings and Adjusted basic net earnings per share reconciliation Earnings (loss) before taxes $ 38.6 $ 32.4 $ 32.5 $ 23.1 $ 3.8 $ 91.8 Adjusted for: Fair value (gain) loss of the convertible notes1 - - - (0.1) (0.8) (0.9) Accretion on debt1 0.8 5.4 7.8 7.5 7.8 28.5 Non-cash unrealized (gain) loss on derivative instruments2 2.1 1.0 0.3 (2.1) 0.3 (0.5) Foreign exchange (gain) loss1 1.2 1.3 (3.2) (2.1) (0.6) (4.6) Adjusted earnings before taxes $ 42.7 $ 40.1 $ 37.4 $ 26.3 $ 10.5 $ 114.3 Income and mining taxes (expense) recovery (28.7) (15.8) 8.6 1.4 2.2 (3.6) Income and mining tax adjustments 14.2 2.5 (19.0) (11.4) (7.7) (35.6) Adjusted income and mining tax expense $ (14.5) $ (13.3) $ (10.4) $ (10.0) $ (5.5) $ (39.2) Adjusted net earnings  $ 28.2 $ 26.8 $ 27.0 $ 16.3 $ 5.0 $ 75.1 Adjusted basic net earnings per share $ 0.16 $ 0.15 $ 0.15 $ 0.09 $ 0.03 $ 0.43 1Balance included in the statement of comprehensive earnings caption "Net finance cost". The related financial statements include a detailed breakdown of "Net finance cost". 2Includes unrealized gains and losses on derivative instruments as disclosed in the "Derivative Instruments" note in the related financial statements. The balance is grouped with "Net finance cost" on the statement of comprehensive earnings.   Net Debt Net debt is comprised of the face value of the Company's long-term debt less cash and cash equivalents. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors use this information to evaluate the Company's financial position and its ability to take on new debt in the future, purchase new assets or withstand adverse economic conditions. The following table provides a reconciliation of net debt: March 31 December 31 In millions of dollars 2018 2017 Long-term debt face value $ 260.0 $ 270.0 Less: cash and cash equivalents (152.5) (134.1) Net Debt $ 107.5 $ 135.9   Free cash flow before financing activities Free cash flow before financing activities is calculated as cash flow from operations less cash flow from investing activities. It provides useful information to management and investors as an indicator of the cash generated from the Company's operations before consideration of how those activities are financed. Additional IFRS Financial Performance Measures The Company has included the additional IFRS measure "Earnings from mine operations" in the news release. The Company believes that this measure provides useful information to investors as an indication of the Company's principal business activities before consideration of how those activities are financed, sustaining capital expenditures, corporate administration expense, exploration and evaluation expenses, loss on disposal of assets, finance income and costs, and taxation. Cautionary Note regarding Forward-Looking Information This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as "forward-looking statements"). Forward-looking statements reflect current expectations or beliefs regarding future events or the Company's future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements, including those herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date or dates specified in such statements. Specifically, this press release contains forward-looking statements regarding revised gold production in 2018 of between 595,000 and 635,000 ounces; revised AISC in 2018 of between $1,200 and $1,280 per ounce sold with estimated total cash costs in 2018 of between $700 to $750 per ounce sold; 2018 free cash flow before financing activities of $55 million (using a gold price of $1,300/oz and U.S. to CAD exchange rate of 1.25); increasing gold production in 2019 and 2020 by approximately 50,000 ounces each year; smoothing the projected gold production over the period 2019-23 to an average of approximately 600,000 ounces per year and substantially reducing the large production variation in the 2017 LOM plan; the rescheduling of the North pit development and any impact on Walter Lake to 2026; the deferral of approximately 150,000 ounces to beyond the 2019-23 period; the development of the West Detour pit in 2025; the 2018 LOM plan being released in June 2018 and the content and results of such revised life of mine plan; management not anticipating the additional work to be completed having a significant impact on its overall conclusions to date as set out in this news release; preliminary information on mine parameters for the 2019-23 period in the 2018 LOM plan as set out in this news release; the annual mining rate ramping up to 126 Mt in 2023; annual plant throughput increasing to 22.5 Mt in 2019 and being  maintained at 23.0 Mt starting in 2021; the strip ratio varying annually from 3.5:1 to 6.6:1; the ROM stockpiles being depleted and rebuilt at various times through the 2019-23 period; a preliminary financial analysis for the period 2019-2023 and life of mine as set out in this news release; the installation of a new redesigned mantle for the primary crusher for June 2018; the receipt of the assay results of its exploration program in the second quarter of 2018; plans to release an initial mineral resource statement for the Detour Lake Property with the addition of Zone 58N in the second quarter of 2018 and then evaluating development options for an advanced exploration program to test the underground mining potential of Zone 58N; approximately 107 Mt to be mined from the Detour Lake pit in 2018; an average waste to ore strip ratio for 2018 of 4.7:1; deferred stripping costs of approximately $60 million for 2018; the plant processing 21.0 Mt of ore in 2018; and forecasted head gold grade and recoveries to remain relatively unchanged for 2018. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, the results of the final revised life of mine plan, gold price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, support of the Company's Aboriginal communities, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the gold exploration, development and production industry, as well as those risk factors listed in the section entitled "Description of Business - Risk Factors" in Detour Gold's 2017 Annual Information Form ("AIF") and in the continuous disclosure documents filed by Detour Gold on and available on SEDAR at Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect forward-looking statements. Actual results and developments and the results of the final revised life of mine plan are likely to differ, and may differ materially or materially and adversely, from those expressed or implied by forward-looking statements, including those contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the following: the availability of financing for exploration and development activities; operating and capital costs; resulots of operations; the Company's available cash resources; the Company's ability to attract and retain skilled staff; the mine development and production schedule and related costs; dilution control; sensitivity to metal prices and other sensitivities; the supply and demand for, and the level and volatility of the price of, gold; timing of the receipt of regulatory and governmental approvals for development projects and other operations; the timing and results of consultations with the Company's Aboriginal partners; the supply and availability of consumables and services; the exchange rates of the Canadian dollar to the U.S. dollar; energy and fuel costs; required capital investments; estimates of net present value and internal rate of returns; the accuracy of mineral reserve and mineral resource estimates, production estimates and capital and operating cost estimates and the assumptions on which such estimates are based; market competition; ongoing relations with employees and impacted communities and general business and economic conditions; and general business and economic conditions. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. SOURCE Detour Gold
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Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for March 2018
CHICAGO, April 25, 2018 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for March 2018. In March, investors pulled $10.5 billion out of U.S. equity passive funds, compared with $8.4 billion in the previous month. On the active front, investors pulled $11.0 billion, compared with $17.7 billion in February. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding. Morningstar's report about U.S. asset flows for March 2018 is available here. Highlights from the report include: Taxable-bond and international-equity funds were the leading category groups, with flows of $15.9 billion and $13.3 billion, respectively. March's inflows across all category groups were nearly $13.4 billion, compared with $7.7 in outflows in February. The Morningstar Categories with the highest inflows in March were foreign large-blend, ultrashort bond, and intermediate bond funds with inflows of $13.5 billion, $6.0 billion and $4.8 billion, respectively. On the bottom-flowing list in March, large blend continued to see the most outflows of $19.0 billion while high-yield bond experienced outflows for the sixth consecutive month. Among top U.S. fund families, Vanguard was the leader in overall flows with $14.8 billion in March and approximately $59.0 billion for the quarter, down from the $116.5 billion collected in 2017's first quarter, and which represents the fourth consecutive quarter of declining inflows. Among all U.S. open-end mutual funds and ETFs, Vanguard Total International Stock Index, which has a Morningstar Analyst Ratingâ„¢ of Gold, had the highest inflows of $5.3 billion. Silver-rated iShares Core MSCI EAFE ETF and Gold-rated Vanguard Total Stock Market Index followed with inflows of $4.7 billion and $4.6 billion, respectively. On the bottom-flowing list in March, Gold-rated SPDR S&P 500 ETF had the highest outflows of $15.0 billion.  To view the complete report, please click here. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. About Morningstar, Inc.Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $195 billion in assets under advisement and management as of Dec. 31, 2017. The company has operations in 27 countries. Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar's Manager Research Group produces various ratings including the Morningstar Analyst Rating for funds and the Morningstar Quantitative Rating for funds. The Analyst Rating is derived from a qualitative assessment process performed by a manager research analyst, whereas the Morningstar Quantitative Rating uses a machine-learning model based on the decision-making processes of Morningstar's analysts, their past ratings decisions, and the data used to support those decisions. In both cases, the ratings are forward-looking assessments and include assumptions of future events, which may or may not occur or may differ significantly from what was assumed. The Analyst Ratings and Quantitative Ratings are statements of opinions, subject to change, are not to be considered as guarantees, and should not be used as the sole basis for investment decisions. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities. ©2018 Morningstar, Inc. All Rights Reserved. MORN-R Media Contact:Sarah Wirth, +1 312 244-7358 or   View original content with multimedia: SOURCE Morningstar, Inc.
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RBC Capital Markets Selects Bloomberg's Evaluated Pricing Service for Municipal Bonds
NEW YORK, April 26, 2018 /PRNewswire/ -- Bloomberg announced today that RBC Capital Markets has added Bloomberg's evaluated pricing service (BVAL) to its list of vendors that will independently verify prices on its municipal bond holdings. This announcement marks the growth of Bloomberg's relationship with RBC Capital Markets, whose parent company, Royal Bank of Canada, already uses a number of Bloomberg products across its enterprise. RBC Capital Markets is a premier global investment bank providing expertise in banking, finance and capital markets to corporations, institutional investors, asset managers and governments around the world. They are one of the largest municipal markets and finance operations in the U.S., achieving and maintaining a top five national ranking as a senior manager of negotiated municipal issues. RBC Capital Markets will now use Bloomberg's evaluated pricing, BVAL, for independent price verification. In addition, Bloomberg provides broad coverage of U.S. fixed income securities, access to in-house evaluator teams and transparency into its pricing models through Bloomberg Terminal screens. "As a top five firm in negotiated underwritings in the U.S., RBC Capital Markets places great emphasis on accuracy and transparency in pricing," said Keith Solomon, Managing Director and Deputy Head, Municipal Products at RBC Capital Markets. "Bloomberg's reputation for data quality and transparency were key factors in making our decision." BVAL draws on real-time access to market observations from a variety of contributed sources, such as reporting facilities, trading venues and market-makers. Traders, portfolio managers and pricing professionals gain transparency into how prices were derived by accessing BVAL through the Bloomberg Terminal service. Today, BVAL prices 2.5 million fixed income securities, including nearly 1 million municipal bonds. Prices are recalibrated three times a day using the most current and relevant trade data available.  "Bloomberg is offering innovative solutions for the municipal market that provide increased transparency and workflow efficiencies. We have integrated BVAL with the Bloomberg Barclays indices, released AAA<GO> as a market standard Muni curve and integrated yield spread analytics into sales and trading workflows," said Varun Pawar, global head of Bloomberg's evaluated pricing service. BVAL prices are the result of data-driven approach and are closely monitored by a team of municipal market experts to help ensure reliability and relevance of data that reflects the market objectively. Evaluators on Bloomberg's municipal bond valuations team have an average of 15 years of industry expertise. BVAL is the primary pricing source for the Bloomberg Barclays bond indices which are widely recognized benchmarks for fixed income investors. To learn more about Bloomberg's evaluated pricing service for fixed income please visit About RBC Capital Markets RBC Capital Markets is a premier global investment bank providing expertise in banking, finance and capital markets to corporations, institutional investors, asset managers and governments around the world. We serve clients from 70 offices in 15 countries across North America, the UK, Europe and the Asia-Pacific region. Our more than 7,400 professionals deliver the experience and insights required to raise capital, access markets, mitigate risk and acquire or dispose of assets for clients worldwide. We are consistently ranked, by third-party sources, among the 10 largest and most significant investment banks globally. About BloombergBloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company's strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal service. Bloomberg's enterprise solutions build on the company's core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit or request a demo.The data included in these materials are for illustrative purposes only. The BLOOMBERG TERMINAL service and Bloomberg data products (the "Services") are owned and distributed by Bloomberg Finance L.P. ("BFLP") except that (1) Bloomberg L.P. and its subsidiaries ("BLP") distribute these products in Argentina, Australia and certain jurisdictions in the Pacific islands, Bermuda, China, India, Japan, Korea and New Zealand and (2) Bloomberg Index Services Limited is the administrator of the Bloomberg Barclays indices. BLP provides BFLP with global marketing and operational support. The following are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries: BLOOMBERG, BLOOMBERG ANYWHERE, BLOOMBERG MARKETS, BLOOMBERG NEWS, BLOOMBERG PROFESSIONAL, BLOOMBERG TERMINAL and BLOOMBERG.COM. Absence of any trademark or service mark from this list does not waive Bloomberg's intellectual property rights in that name, mark or logo. BARCLAYS is a trademark and service mark of Barclays Bank Plc, used under license. All rights reserved. © 2018 Bloomberg. View original content with multimedia: SOURCE Bloomberg