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 higherin early U.S. trading Thursday. Bulls are working to keep alive the priceuptrend in place on the daily bar chart. The Bitcoin bulls still have the overallnear-term technic...Read More
(Updates with cenbank, govt reaction statement)MUMBAI, Oct 28 (Reuters) - Rating agency Moody's downgraded Sri Lanka's debt rating to "Caa2' from "Caa1' on Thursday saying the country had failed to come up with a comprehensive debt repayment plan and low foreign exchange reserves posed the risk of defaults.The Sri Lankan central bank, in response, said the government was committed to meeting its d...Read More
-Caterpillar Inc reported a quarterly profit on Thursday that beat analysts' estimates as construction demand and higher commodity prices boosted sales of heavy equipment across the company's businesses.The industrial bellwether's shares, which have risen 7.8% this year, were up 3.5% at $202 in premarket trading.Caterpillar's sales have surged for three consecutive quarters as construction demand...Read More
Oct 28 (Reuters) - Asset management firm T Rowe Price on Thursday agreed to buy fund manager Oak Hill Advisors in a $4.2 billion deal as it looks to expand its footprint in the alternative investments market.The cash-and-stock deal could trigger more M&A activity in the asset management space, with potential tie-ups between other mutual fund managers and private equity firms.As of July-end, Ne...Read More
EMERYVILLE, Calif., Oct. 28, 2021 /PRNewswire/ -- Amyris, Inc., (Nasdaq: AMRS), a leading synthetic biotechnology company active in the Clean Health, Beauty and Wellness markets through its consumer brands and a top supplier of sustainable and natural ingredients, today announced that it will issue its financial results for the third quarter ended September 30, 2021 after the close of the financi...Read More
A look at the day ahead from Tommy Wilkes.The European Central Bank meets later on Thursday and all eyes will be on its comments about the outlook for inflation.Will it or won't it become the latest central bank to warn that price pressures are more severe -- and less transitory -- than they appeared a few months ago?The difficulty for the ECB is that it wants to maintain its ultra-dovish stance t...Read More
TOKYO, Oct 28 (Reuters) - A global parts and chip shortage is taking a heavy toll on Japanese firms with seven out of eight automakers seeing global output drop in September, casting doubt over the central bank's view the impact of supply constraints will be temporary.Toyota Motor (7203.T) said on Thursday it saw global output slump 39.1% in September from a year earlier to 512,765 units, markin...Read More
BERLIN, Oct 28 (Reuters) - German consumers face higher prices for goods across the board as more and more companies in Europe's largest economy decide to pass on increased production costs, driven by widespread supply shortages and a spike in energy prices.While the development is helping firms to improve corporate margins after the coronavirus shock, consumers are feeling the pinch of higher pri...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 European Central Bank have kept rates and asset purchase unchanged. This was widely expected but questions remained about if the statement would include any details on rising inflation 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) - China's gold consumption in the first nine months of 2021 rose amassive 48.4% on the year to 813.59 tonnes, according to the China GoldAssociation. This came as demand recovered from a pandemic-affecte...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) - Newmont Corporation (NYSE:NEM, TSX:NGT) today announced third quarter 2021 results. The company produced 1.45 million attributable ounces of gold and 315 thousand attributable gold equivalent ounc...Read More
SAO PAULO, Oct 28 (Reuters) - Brazilian miner Vale SA will resume operations at its Onca Puma nickel mine,it said on Thursday, after obtaining a federal court orderlifting an injunction that had suspended an operating licence.Operations at Onca Puma were first halted in early Octoberbecause of alleged non-compliance with local regulations.A judge granted Vale an injunction on Oct. 7 allowing it to...Read More
Mr. Tyler Hill reportsI-80 GOLD INTERSECTS HIGH-GRADE GOLD IN UNDERGROUND DRILLING AT GRANITE CREEKi-80 Gold Corp. has released positive initial assay results from the continuing underground drill program at the company's Granite Creek propertylocated in Humboldt county, Nevada. High-grade results from drilling from the 4740 level targeting mineralization in the Otto and Adam Peak fault horizons p...Read More
Oct 28 (Reuters) - Jiangxi Copper Co,one of China's biggest copper producers, saw profits fall 33% inJuly-September from the previous quarter as prices for the metaldipped after a stellar rally. Copper prices surged to a record high this year as demandfor the metal widely used in power and construction reboundedamid a supply crunch after coronavirus curbs were lifted, butprices pared back some of...Read More
JOHANNESBURG, Oct 28 (Reuters) - South Africa's AngloAmerican Platinum (Amplats) is in talks to sell itsBokoni platinum mine to billionaire Patrice Motsepe's AfricanRainbow Minerals , the two mining firms said onThursday.Amplats, a unit of Anglo American, suspended mining atBokoni in 2017 and said it aimed to find an owner with thetechnical and financial capacity to restart the mine.Amplats shares...Read More
ET BFSI, Released on 10/28/21Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which...Read More
ITM Trading, Released on 10/28/21The Big Question Is: How do I properly prepare for the Global Reset? What steps do I need to take to Protect the Wealth that is rightfully mine? How can I Sustain my Standard of Living when everything else is collapsing all around us? And just as important, how can I Position myself for the Greatest Opportunities in both the Pre & Post-Reset Environment? These are...Read More
TradersChoice.net, Released on 10/28/21Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Co...Read More
Nomad Capitalist, Released on 10/28/21Wondering what's the value of USA citizenship in 2021 and which markets are disastrous nowadays? Find the answers in this video as Andrew interviews Jim Rogers, an "Adventure capitalist," American investor, financial commentator, and author of best-selling books. Watch as they discuss Jim's journey from Alabama to Singapore, the future of the USA, and why he r...Read More
Kitco News, Released on 10/28/21Commodity supercycle or not, copper has one of the "most bullish cases" around, said Lobo Tiggre of The Independent Speculator.No matter the general sentiment around commodities, the copper supply-side ensures price gains in the future."I like copper a lot. It is one of the most solid bull cases. And even if the commodity supercycle does roll over, I could see coppe...Read More