Ms. Claudia Tornquist reportsKODIAK COPPER TEMPORARILY PAUSES DRILL PROGRAM AT MPD DUE TO FLOODING AND ROAD CLOSURESWork has been temporarily suspended at Kodiak Copper Corp.'s MPD copper-gold porphyry project in Southern British Columbia following an evacuation order for the town of Merritt due to flooding. Personnel has been safely demobilized, and there is no risk to Kodiak's project infrastruc...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - According to GlobalData, South Africa's gold production fell by an estimated 10.4% in 2020 over the previous year, primarily due to the impact of the COVID-19 pandemic, which led to strict lockdown mea...Read More
Sandstorm Gold Royalties Announces Hod Maden Project EIA ApprovalCanada NewsWireVANCOUVER, BC, Nov. 17, 2021Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Polish mining giant KGHM, one of the world's largest producers of copper, announced today that payable copper production by the KGHM Group in the first 3 quarters of 2021 was higher by 10.1% (9M/9M) an...Read More
Nov 17 (Reuters) - Alphabet Inc's (GOOGL.O) Waymo said on Wednesday it is expanding its partnership with United Parcel Service Inc (UPS.N) to move freight using autonomous trucks between two of the parcel delivery company's Texas facilities during the holiday season.Waymo Via, the company's delivery operation, began its partnership with UPS in early 2020 when it shuttled packages for the compa...Read More
Nov 17 (Reuters) - Amazon.com Inc (AMZN.O)will stop accepting Visa Inc (V.N) credit cards issued in the United Kingdom from next year because of the high transaction fees charged by the payment processor, the e-commerce giant said on Wednesday."As a result of Visa's continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of 19 January, 2...Read More
LONDON, Nov 17 (Reuters) - Blockchain technology firm ConsenSys said on Wednesday it had raised $200 million, at a valuation of $3.2 billion, from investors including HSBC (HSBA.L) and U.S. hedge fund Third Point.Blockchain emerged over a decade ago as the technology behind cryptocurrencies such as bitcoin. Since then, investors have poured millions of dollars into the technology and related com...Read More
WARSAW/BRUSSELS/VILNIUS, Nov 17 (Reuters) - The EU said on Wednesday it will send 700,000 euros worth of food, blankets and other aid to migrants at the Belarus border, after criticism it had done too little to help thousands of people trapped in frozen woods by an east-west feud.In a sign of European urgency to resolve what it calls an artificial border crisis created by Minsk, Germany's Chancell...Read More
WASHINGTON, Nov 17 (Reuters) - U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by oil and gas companies that is keeping fuel prices elevated, asking the Federal Trade Commission to dig deeper into possible "illegal conduct" in the market.The White House is pressing on several fronts to try to lower fuel costs, even as tight global oil supply drives...Read More
LONDON, Nov 17 (Reuters) - British households, businesses and financial markets remain confident that the Bank of England will return inflation to its 2% target, BoE policymaker Catherine Mann said, after official data on Wednesday showed inflation at a 10-year high.BoE Governor Andrew Bailey said on Monday that he had been concerned last month that markets might lose faith in the BoE's commitment...Read More
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) chairman, seeking to improve transparency in the world's biggest bond market, has asked staff for new rules to ensure principal trding firms (PTFs) are properly registered as dealers.Speaking at the New York Federal Reserve, Gary Gensler said the rules would likely mandate PTFs, also known as high-frequency trading firms, to...Read More
PARIS (Reuters) - France's Danone, the world's largest yoghurt maker, plans to switch one of its big French factories to plant-based drinks next year in a bet on fast-growing non-dairy milk alternatives.Danone said in a statement on Wednesday it will invest 43 million euros ($49 million) in 2022 to convert its Villecomtal-sur-Arros dairy plant in southern France into a production site of mainly oa...Read More
Nov 17 (Reuters) - Shares of Tesla (TSLA.O) climbed for a second day on Wednesday, gaining 4% after Chief Executive Elon Musk sold more of his shares, while other high-flying electric vehicle makers hit the brakes on a euphoric rally.Luxury electric car maker Lucid Group Inc (LCID.O) tumbled 8%, while Rivian Automotive Inc (RIVN.O) dropped about 15%, down for the first time since its blockbu...Read More
(Reuters) - A stronger regulatory and supervisory framework is needed to ensure that stablecoins are a safe form of payment, but they should not necessarily be subject to all of the same rules as banks, Federal Reserve Board Governor Christopher Waller said on Wednesday.Waller also said that while he would be okay with the idea of banks being able to issue both bank deposits and stablecoins, he di...Read More
(Adds details)TUNIS, Nov 17 (Reuters) - Tunisia has cut its GDP growth expectation for 2021 to 2.6%, down from a previous forecast of 4%, according a document seen by Reuters.Tunisia faces its the worst economic crisis after its economy contracted 8.8% last year and the fiscal deficit reached a record 11.4%.The fiscal deficit in the latest forecast will reach 8.3% in 2021, up from 6.6% expected ea...Read More
Nov 17 (Reuters) - The Federal Reserve Bank of Dallas has kicked off a search for a new president to replace Robert Kaplan, the bank's previous top executive who left last month after a scandal over his personal financial transactions.The bank's search is being led by its non-bank directors, it said in a statement on Wednesday. The bank hired the executive search firm Egon Zehnder to assist in rec...Read More
NEW YORK (Reuters) - Global debt dipped in the third quarter though it remained near the record high set in June, while debt in emerging markets hit a fresh record high of $92.5 trillion, a report showed on Wednesday.Total debt, including that owed by governments, households and companies, dipped to $296 trillion at the end of September, after an increase to record highs in the second quarter. It...Read More
WASHINGTON, Nov 17 (Reuters) - U.S. President Joe Biden's nominee as the next chair of the Federal Reserve, expected as soon as this week, will inherit an economy headed for the fastest annual growth in a generation with wage increases flowing to the lowest-paid workers, strong hiring, and household bank accounts flush with cash.They'll also inherit a situation where homes, cars, food, and clothin...Read More
OTTAWA, Nov 17 (Reuters) - Canada's annual inflation rate accelerated again in October, matching a February 2003 high, led by sharp rises in gasoline and housing prices, data showed on Wednesday, with analysts expecting more heat ahead.Inflation rose to 4.7%, in line with expectations, up from 4.4% in September, Statistics Canada data showed. It was the seventh consecutive month in which headline...Read More
WASHINGTON, Nov 17 (Reuters) - U.S. single-family homebuilding tumbled in October while the number of houses authorized for construction but not yet started jumped to a 15-year high, underscoring the disruption to the housing market from an ongoing shortage of materials and labor.Though the report from the Commerce Department on Wednesday showed an increase in permits for future homebuilding, the...Read More