* German 30-year bond yields fall to 2-month low* Money markets par back ECB rate-hike bets* Market inflation expectations retreat further (Updates rates)LONDON, Nov 3 (Reuters) - Battered euro zone bond markets fought back on Wednesday, with sovereign borrowing costs down sharply for a second straight session as investors scaled back their most aggressive bets for interest rates hikes in the comi...Read More
GOLD / SILVERThebroad market environment today favors the bear camp in gold and silver, withthe negative economic comments from China pressuring many commodities.Apparently, China's Premier has warned of new downward pressures on the Chineseeconomy which some economists suggest could be the result of China fightinginflation by restricting output and potentially reducing commodity demand. Notsurpri...Read More
WASHINGTON, Nov 3 (Reuters) - The U.S. Securities and Exchange Commission (SEC) published on Wednesday new staff bulletins outlining how the agency will allow listed companies to exclude a shareholder proposal from corporate ballots.The new publications by the staff of the securities watchdog replaces Trump-era guidance that demanded companies take more steps to disclose how they craft their share...Read More
(Kitco News) Ethereum is running well ahead of the crypto pack, with the cryptocurrency reaching new all-time highs on Wednesday. Analysts are now looking into its connection to rising inflation expectations.The ether token hit a record high of $4,642.48 on Wednesday. The cryptocurrency is following in the footsteps of bitcoin, which hit its new all-time high of $67,016.5 at the end of October."A...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) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have...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 a report by theChilean state copper commission Cochilco released today, the domestic copperproduction in September 2021 was 447,400 tonnes, a decline of 7% compared to 479,800tonnes mined...Read More
Anglo American appointed Duncan Wanblad as chief executive.Wanbald will succeed Mark Cutifani who will retire as chief executive and step down from the board at the AGM after nine years in the role.The company said Wanbald has deep experience operationally at Anglo American. "Duncan Wanblad is the standout and natural successor to Mark Cutifani, bringing his 30 years of international mining experi...Read More
Kenorland Minerals (TSXV: KLD) said today Sumitomo Metal Mining Canada made a $5.2 million investment in Kenorland. Kenorland was up 10% to 78 cents as of 11:43 a.m. ET. Sumitomo purchased 5,211,945 common shares at a price of $1.00 per share for aggregate gross proceeds of $5,211,945. Sumitomo now has 10.1% of the company's outstanding common shares.The company said 80% of funds will be used for...Read More
NEW YORK, Nov 3 (Reuters) - Oil prices fell on Wednesday, after U.S. crude stocks rose more than expected in the most recent week, even as gasoline inventories hit a four-year low in the world's largest oil consumer.Brent crude futures were down $2.53, or 3%, at $82.16 a barrel at 11:19 a.m. EDT (1519 GMT). U.S. West Texas Intermediate (WTI) crude futures tumbled $2.97, or 3.5%, to $80.95 a barrel...Read More
GLASGOW, Nov 3 (Reuters) - The United States on Wednesday announced its support for a new capital market mechanism that will issue investment-grade bonds and raise significant new finance for scaling clean energy and sustainable infrastructure in emerging economies.Underscoring the urgency of acting to stop global warming, Treasury Secretary Janet Yellen told the COP26 climate conference in the Sc...Read More
Nov 3 (Reuters) - A company backed by Blackstone Group (BX.N) and led by former Walt Disney Co (DIS.N) executives Kevin Mayer and Tom Staggs is nearing a deal to buy Moonbug Entertainment for roughly $3 billion, three people familiar with the matter said.The deal for the media house behind children's entertainment show "CoComelon" could be announced as soon as this week, the sources said on We...Read More
Nov 3 (Reuters) - Deere & Co (DE.N) workers were set to continue their three-week-old strike on Wednesday after they voted to reject a second contract reached between the U.S. tractor maker and the United Auto Workers (UAW) union that bumped up wages and bonuses.Shares of Deere were down 2.6% in early trade.The strike will continue after 55% of the workers voted down the agreement, UAW had said...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) - SSR Mining (NASDAQ: SSRM)(TSX: SSRM) today reported that in Q3 2021, the company produced 186,941 goldequivalent ounces (GEO), an increase of 74% over Q3 2020 (107,556 GEO).According to the company'sst...Read More
One thing we can take away from therecent trade in gold, silver and platinum, it sucks. The price action has beenabout as bad as it gets. The metals, although in an uptrend, have wanderedaround the mean as if they were lost.Understanding markets and how theytrade is an important asset for traders and investors. The current actioncreates frustration, impatience and bad decision-making. Traders want...Read More
LONDON, Nov 3 (Reuters) - Tesla cars from Wednesday will be available to Uber (UBER.N) drivers in London looking to buy or lease a green vehicle as part of an incentive scheme to boost electric car use, the ride-hailing app said.Since Uber introduced a clean air fee, which adds 3 pence (4 cents) to every mile of a passenger trip in London, more than 135 million pounds has been collected for driv...Read More
Mr. Raphael Gaudreault reportsARIANNE PHOSPHATE FURTHERS ITS WORK ON ADVANCED BATTERY TECHNOLOGIES Following preliminary test work, conducted in collaboration with several battery industry participants, Arianne Phosphate Inc. will now be sending out its high-purity phosphate concentrate for a more detailed analysis.This next stage of testing has been designed to meet specifications provided by a m...Read More
WASHINGTON, Nov 3 (Reuters) - U.S. Trade Representative Katherine Tai said on Wednesday that protecting consumers' rights and privacy must be a top priority in digital trade policy, and that technology companies have responsibilities in shaping the economy."It is not hyperbole to say that these companies have the power to affect the lives of people and the direction of our civilization's developme...Read More
Nov 3 (Reuters) - Discovery Inc (DISCA.O) beat Wall Street expectations for third-quarter revenue on Wednesday, driven by higher advertising and distribution revenue as the company looks ahead to its proposed merger with AT&T Inc's (T.N) WarnerMedia unit.Revenue rose about 23% to $3.15 billion in the quarter ended Sept. 30, slightly above an estimate of $3.14 billion, according to Refinitiv da...Read More
Nov 3 (Reuters) - Shale producer Chesapeake Energy Corp (CHK.O) on Wednesday said it was increasing its 2021 total oil production forecast to between 24.5 million and 26.5 million barrels, an increase of 1 million barrels from earlier guidance.The company said it plans to run one to three rigs in south Texas next year and two to three rigs in Appalachia, according to a presentation. The company...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 prices remains deep in negative territory falling to anew session low following stronger than expected activity in the U.S. servicesector.Wednesday,the Institute for Supply Management (ISM) said it...Read More