SHANGHAI, Oct 25 (Reuters) - Corporate China's hedging activities spiked to a new high, according to consultancy data, as the cost of raw materials soared and as China's financial regulators urged local businesses to cope with higher market volatility.The number of China-listed non-financial companies using hedging tools such as futures and options to limit market risks rose to 793 at the end of t...Read More
(Reuters) - Car rental firm Hertz has ordered 100,000 Tesla Inc cars, Bloomberg News reported on Monday, citing people with knowledge of the matter.This marks the single-largest purchase ever for electric vehicles and represents about $4.2 billion of revenue for Tesla, according to the report.Hertz and Tesla did not immediately respond to Reuters requests for comment.Hertz filed for bankruptcy pro...Read More
(Updates prices, adds Tenreyro speech time)LONDON, Oct 25 (Reuters) - Sterling rose slightly on Monday, but analysts said concerns about economic growth and inflation limited the extent to which the British currency benefited from expectations that the Bank of England will raise rates.Money markets are pricing in a rate hike by the central bank at its meeting on Nov. 4.However, data from the UK la...Read More
Oct 25 (Reuters) - Online content and gaming platform FaZe Clan Inc said on Monday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1 billion.Offerings from FaZe Clan, which was launched in 2010, include online gaming, esports, sports merchandise and digital content that targets millennial and Gen Z consumers. The company said it curr...Read More
DUBAI, Oct 25 (Reuters) - Credit ratings agency Fitch Ratings indicated on Monday it could cut the ratings of three banks in Qatar, saying it was concerned over the sector's increasing reliance on external funding and a recent rapid growth in assets.Fitch placed Doha Bank, Al Khalij Commercial Bank and Qatar Islamic Bank on "ratings watch negative", meaning it sees a greater potential for a downgr...Read More
(Reuters) - Sustainable footwear maker Allbirds Inc said on Monday it was targeting a fully diluted valuation of as much as $2.2 billion in its initial public offering in the United States.The company, backed by asset manager Franklin Templeton, said it is offering 19.2 million shares priced between $12 and $14 each, along with the selling stockholders. At the top end of that range, the IPO would...Read More
LONDON, Oct 25 (Reuters) - Britain will announce a rise in its minimum wage for those aged 23 and over to 9.50 pounds ($13.06) per hour from 8.91 pounds in the government's budget statement on Wednesday, the BBC said.The Treasury did not immediately respond to a request for comment.($1 = 0.7272 pounds)Reporting by Paul Sandle; editing by William James Disclaimer: The views expressed in this artic...Read More
BENGALURU, Oct 25 (Reuters) - Hitting the Paris Agreement goal of net-zero carbon emissions will require investments in a green transition worth 2%-3% of world output each year until 2050, far less than the economic cost of inaction, according to a Reuters poll of climate economists.Respondents also said such a transition depended on the rich world fulfilling promises to help developing economies,...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 pricesare moderately higher in early U.S. trading Monday, supported by increasingworries about problematic price inflation. More and more economists and veteranmarket watchers are saying the bout...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. dollarhigherin early U.S. trading Monday. The market is now seeing some routine "backingand filling" in an existing uptrend. The Bitcoin bulls still have the solidoverall near-term technic...Read More
BERLIN/FRANKFURT (Reuters) -German business morale deteriorated for the fourth month running in October as supply bottlenecks in manufacturing, a spike in energy prices and rising COVID-19 infections are slowing the pace of recovery in Europe’s largest economy from the pandemic.The Ifo institute said on Monday that its business climate index fell to 97.7 from an upwardly revised 98.9 in Sept...Read More
Mr. Blayne Johnson of Calibre reportsCALIBRE ANNOUNCES ACQUISITION OF FIORE IN NEVADA CREATING A DIVERSIFIED, AMERICAS-FOCUSED, GROWING MID-TIER GOLD PRODUCERCalibre Mining Corp. and Fiore Gold Ltd. have entered into a definitive arrangement agreement whereby Calibre will acquire all of the issued and outstanding common shares of Fiore pursuant to a court-approved plan of arrangement.The transacti...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) - Commerzbank commodities analyst DanielBriesemann noted that gold is being lent buoyancy by the risinginflation expectations, in his latest daily commodities report. He added that"market-based infl...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 technicals are breaking higher this morning meaning someupside levels could be in focus. On Monday, the 200-period simple movingaverage has been taken out along with the orange internal trendline...Read More
Mr. John Mirko reportsROKMASTER TO RESUME UNDERGROUND DRILL PROGRAM AT ITS HIGH-GRADE GOLD REVEL RIDGE PROJECTRokmaster Resources Corp. has successfully concluded its 2021 surface diamond drill program (for details see news releases dated June 17, 2021, June 24, 2021, and Aug. 24, 2021) for the season at its Revel Ridge project with 10,747 metres cored in 39 holes.Underground diamond drilling (ful...Read More
New Found Announces Doubling of Drill Program to 400,000m and Increase to 14 Drill RigsCanada NewsWireVANCOUVER, BC, Oct. 25, 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) - Gold and silver have started the week on the front foot. During the Asian session, the price of the yellow metal breached $1800/oz once again but has now settled at $1797/oz. Copper is also looking pos...Read More
Bob Moriarty ArchivesOct 25, 2021On the strength of a 4 million ounce gold resource, a company formerly known as East Asia Minerals, now Baru Gold (BARU-V) shot to a high of an adjusted $87 a share in 2010.Eric Sprott was the biggest investor,holding 18% of the company and saying, "Gold deposits of consequence are very hard to find today, and it's rare for an exploration company to return suc...Read More
Rebel Capitalist, Released on 10/25/21George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at t...Read More
TradersChoice.net, Released on 10/25/21Gregory 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