Nov 4 (Reuters) - Alphabet Inc's (GOOGL.O) Google has invested $1 billion in CME Group (CME.O) and has struck a separate deal to move the exchange operator's trading systems to the cloud, the companies said on Thursday.Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kit...Read More
Nov 4 (Reuters) - Tesla Inc (TSLA.O) and Hertz Global Holdings Inc (HTZZ.PK) are working out how quickly the rental car company can receive deliveries from its large order of Tesla's electric cars, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Tesla and Hertz did not immediately respond to Reuters' requests for comment.Last week, Hertz said it placed an...Read More
Nov 4 (Reuters) - Metro Bank (MTRO.L) said it has received a takeover approach from U.S. private equity firm Carlyle (CG.O), sending its battered shares by as much as 31% higher, in a sign of growing interest in Britain's mid-sized banks.Metro Bank, which had a market capitalisation of 178 million pounds ($242 million) at Wednesday's closing price, said it was engaging with Carlyle.But it added...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) - Barrick Gold reiterated its outlook that it will hit thetop-end of its 2021 guidance forecast as the company reported solid earningsfor the third quarter.Thursday, ahead of the North American equity op...Read More
Mr. Roger Moss reportsLABRADOR GOLD INTERSECTS 76.24 G/T GOLD OVER 0.5 METRES, DEFINES NEW FOOTWALL ZONE AT KINGSWAY PROJECT Labrador Gold Corp. has released further high-grade intercepts of near-surface gold mineralization along the Appleton fault zone at its 100-per-cent-controlled Kingsway project near Gander, Nfld. These holes were drilled as part of the company's continuing 50,000-metre drill...Read More
LONDON, Nov 4 (Reuters) - The Bank of England kept interest rates on hold on Thursday, dashing investors' expectations for a hike that would have made it the first of the world's big central banks to raise rates after the COVID-19 pandemic.The BoE kept alive the prospect of tighter monetary policy soon, saying it would probably have to raise Bank Rate from its all-time low of 0.1% "over coming mon...Read More
Nov 4 (Reuters) - Cigna Corp (CI.N) reported better-than-expected third-quarter profit on Thursday and modestly raised its full-year adjusted profit forecast, on the back of growth in its health services unit that includes the pharmacy benefits management business.Cigna's health services unit, rebranded to Evernorth last September, has been driving growth amid volatile medical costs at its healt...Read More
(Adds quote, PMI readings, updates prices)LONDON, Nov 4 (Reuters) - Long-dated euro zone bond yields edged higher on Thursday with the market predicting that the Bank of England will be the first major central bank to hike rates since the onset of the COVID-19 crisis when it meets later in the day.Following the U.S. Federal Reserve&'s announcement overnight that it would taper its bond purchases,...Read More
BENGALURU/LONDON (Reuters) - Euro zone business growth slipped to a six-month low in October as supply chain bottlenecks and logistical issues related to the COVID-19 pandemic pushed input prices to rise at the fastest rate in over two decades, a survey showed.Government restrictions are being lifted in the currency bloc but shortages of raw materials in the manufacturing sector are impacting grow...Read More
SHENZHEN, China/HONG KONG (Reuters) -Chinese property developer Kaisa Group Holdings Ltd said on Thursday its finance unit had missed a payment on a wealth management product (WMP), adding to worries about a cash crunch at the debt-strapped company.Kaisa's troubles come amid concerns about a deepening liquidity crisis in the Chinese property sector, with a string of offshore debt defaults, credit...Read More
(Reuters) - Electric scooter rental company Bird Rides plans to use most of the cash raised from merging with a special purpose acquisition company (SPAC) to expand to new cities and grow its business in existing markets, the company's top executive said.Bird is poised to merge with Switchback II Corp and start trading on the New York Stock Exchange on Thursday or Friday under the ticker symbol "B...Read More
(Adds CFO on outlook next year, updates shares)PRAGUE, Nov 4 (Reuters) - Komercni Banka, the Czech Republic's third-biggest lender, posted a bigger rise in third-quarter net profit than expected on Thursday, more than doubling earnings from a year ago as risk costs eased.The bank, majority owned by France's Societe Generale , also signalled an improving outlook amid expectations of higher interest...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) -The gold market is seeing a modest push higher, unfazed bysteady positive momentum in U.S. labor market.Thursdaythe U.S. Labor Department said that weekly jobless claims fell to a new pandemiclow, dropp...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) - Gold and silver prices havemade good rebounds from selling pressure seen Wednesday, before the afternoonFOMC meeting conclusion. It appears metals traders were preparing for a hawkishFOMC statement an...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) - Bitcoin-U.S. dollar are weakerin early U.S. trading Thursday. Bulls are keeping alive a price uptrend on thedaily bar chart. The recent sideways and choppy trading is not bearish. TheBitcoin bulls have...Read More
ZURICH (Reuters) - Novartis AG said on Thursday it would sell its nearly one-third voting stake in Roche back to its cross-town rival for $20.7 billion, disentangling the two competitors that had been linked by the investment for more than two decades.The deal extricates Roche from ownership ties to a major rival with strategic vetoing power, though it has however kept a passive role in the face o...Read More
Nov 4 (Reuters) - Moderna Inc (MRNA.O) on Thursday cut its 2021 sales forecast for its COVID-19 vaccine by as much as $5 billion, as it struggles to ramp up production of its two-dose inoculation, sending its shares down 11% in premarket trading.The company said it was now expecting sales of between $15 billion and $18 billion from $20 billion estimated previously. Deliveries were pegged between...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) - The Bank of England kept rates on hold 7-2 vote split. Big surprise for investors, many of whom had assumed it would hike rates. QE carries on as planned (up to £895bn). Inflation is now forecast...Read More
BEIJING (Reuters) - Beijing may tighten the management of home purchase payments held in escrow accounts to ensure the funds are used for property projects only, according to draft guidelines issued on Thursday.A debt crisis at China Evergrande Group, once the nation's top-selling developer, has rocked the sector which is facing a liquidity crunch.Chinese developers can sell residential projects b...Read More
PARIS (Reuters) - World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday.The Food and Agriculture Organization's (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.2 points last month compared with a revised...Read More