On Wednesday, Shares of Kinross Gold Corporation (NYSE:KGC), gained 3.86% to $2.15, as gold prices gained for the fifth straight session.
Mining companies were buoyed by the rising prices, caused by traders choosing safer options worried about China’s economic slowdown.
New York’s Arca gold miners index rose 5.6 per cent on the news, but is still down 18 per cent over the year.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores.
Finally, The Western Union Company (NYSE:WU), ended its last trade with 0.10% gain, and closed at $20.42.
The Western Union Company declared the launch of new transactional web sites in the Czech Republic, Hungary, Lithuania, Malta, and Slovakia. With these new introductions, Western Union now has online transactional services in 29 countries, enabling consumers to send money to over 200 countries and territories worldwide.
“Leveraging a strong omni-channel strategy, Western Union continues to grow its online transactional network worldwide,” said Khalid Fellahi, senior vice president and general manager, Western Union. “We have an extensive funds-in and funds-out network that connects over half a million diverse retail agent locations, ATMs and kiosks, our own and third party digital sites, and mobile wallets. Our cross-border platform provides the technology, foreign exchange conversion and settlement, regulatory and compliance infrastructure, and data administration that brings this network together, allowing for efficient and timely money movement for multiple use cases almost anywhere in the world.”
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions.
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