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) - BHP reported yesterday thatthe group copper equivalent production decreased by 5% in the September 2021quarter following lower minerals volumes largely a result of plannedmaintenance.The company said i...Read More
(Kitco News) - The recent bullish momentum forBitcoin is likely to be sustained because key technical levels have beenbreached, and the fear from China's tightening regulation has largelydissipated, said Florian Grummes, managing director of Midas Touch Consulting. "We have a good chance to see$100k by the end of the year, maybe even higher. Of course, that would spark analtcoin season again. If...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 pricesare higher in midday U.S. trading Tuesday, with silver sharply up and notchinga five-week high. Gold prices have backed well down from the session high onprofit taking by the sh...Read More
(Updates prices, adds details)LONDON, Oct 19(Reuters) - Sterling hit a four-week high against the dollar on Tuesday as expectations mount the Bank of England (BoE) will hike interest rates, while the greenback dipped as the rapid rise in U.S. Treasury yields in recent days stabilised.BoE Governor Andrew Bailey on Sunday sent perhaps the clearest signal yet of a pending hike, saying the BoE will "h...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 remain stuck in neutral below $1,800 an ounce.Commodity analysts at HSBC are warning investors that gold gains could belimited in the near term as the Federal Reserve's plan to normalize it...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) - Trigon Metals (TSXV:TM)announced today that the Kombat copper mine in Namibia officially resumedproduction after 14 years of closure.Trigon has successfullyrestarted the Kombat mine with a successful b...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) - B2Gold (TSX: BTO) (NYSE: BTG)announced Tuesday that its total gold production in Q3 2021 was 310,261 ounces(including 14,538 attributable ounces from Calibre), above budget by 7% and 18%higher than 263...Read More
LONDON (Reuters) - Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG).Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world’s CO2 emissions and BCG forecast the industry will need $2.4 trillion to achieve n...Read More
Oct 19 (Reuters) - Snap Inc (SNAP.N) said on Tuesday it is launching a studio to help brands create augmented reality advertising and experiences, part of a move to popularize the use of technology that can overlay computer-generated images onto a person's view of the real world.The owner of photo messaging app Snapchat first became popular with young users for its early forms of augmented reali...Read More
LONDON, Oct 19 (Reuters) - Amazon.com Inc (AMZN.O) and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector, executives said on Tuesday.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sect...Read More
BERLIN, Oct 19 (Reuters) - Bayer (BAYGn.DE) sees no impact on its full-year guidance from customers' changing planting habits or a five-week shutdown at its main glyphosate production site in Louisiana after Hurricane Ida, the German life science group said on Tuesday. read moreBayer had to close the Louisiana factory after the hurricane slammed the Gulf Coast in late August, further complicati...Read More
Yesterdaywe mentioned and explained buying the dip when markets are in uptrends andselling rallies when in a downtrend. The support level we were looking for was1760 December gold; the low was 1760.3. Silver was 23.00, the low 23.03; bothwere potential "add on" buys. Thismorning gold is $13.00 higher, and silver is $0.55 higher. Remember, thisdoesn't always work as smoothly as this, but...Read More
DUBAI (Reuters) - The International Monetary Fund (IMF) and Lebanese authorities have started technical discussions to pull the country out of its crisis, a senior IMF official said, stressing the need to address the losses faced by the financial sector.An IMF programme is widely seen as the only way Lebanon can unlock foreign financial help which it desperately needs to emerge from one of the wor...Read More
STOCKHOLM, Oct 19 (Reuters) - Sweden's Ericsson (ERICb.ST) announced on Tuesday plans to reduce its operations in China after suffering a big sales drop in one of its biggest markets due to retaliation for Sweden's ban on China's Huawei (HWT.UL) from selling 5G gear in the country.The news came as the company reported better than expected third-quarter core earnings boosted by strong sales of 5G...Read More
HONG KONG, Oct 13 (Reuters) - (This Oct. 13 story corrects name to Mao Shixing in penultimate paragraph)The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.The figures demonstrate the impact of a crackdown on bitcoin trading and mining launched by China's State...Read More
(Reuters) -Chipmaker GlobalFoundries, owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co, is aiming for a valuation of about $25 billion in its initial public offering in the United States.The IPO, one of the most hotly anticipated listings, is expected to cap a record year for flotations, after several big names such as Robinhood Markets Inc, Coinbase Global Inc and Roblox Corp cap...Read More
WASHINGTON, Oct 19 (Reuters) - U.S. homebuilding unexpectedly fell in September amid persistent shortages of inputs and labor that are crimping the housing market and overall economic activity.Housing starts dropped 1.6% to a seasonally adjusted annual rate of 1.555 million units last month, the Commerce Department said on Tuesday. Data for August was revised down to a rate of 1.580 million units...Read More
Mr. John Mirko reports ROKMASTER APPOINTS MICHAEL ("MIKE") KORDYSZ AS VICE PRESIDENT BUSINESS DEVELOPMENTRokmaster Resources Corp. has appointed Michael Kordysz to the company in the position of vice-president of business development and strategy. Mr. Kordysz has worked within the mineral exploration and technology industries for over 25 years in senior management positions including the areas of...Read More
MADRID (Reuters) - French solar power group Photosol has hired BNP Paribas to launch a sales process that could be worth at least 500 million euros ($582.9 million), two sources familiar with the matter told Reuters.The company has sent out preliminary information to prospective bidders dubbing the project "POTUS" - a nod to U.S. President Joe Biden and his green agenda - according to a document s...Read More
Oct 19 (Reuters) - Canada's main stock index hit a record high on Tuesday, helped by mining stocks, while the prospect of strong corporate earnings further lifted investor sentiment.At 9:33 a.m. ET (13:33 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 63.41 points, or 0.3%, at 21,048.78. (Reporting by Amal S in Bengaluru) Disclaimer: The views expressed in this article are thos...Read More