WASHINGTON, Oct 21 (Reuters) - Trade chiefs from the developed world's economic powerhouses gathering on Friday have few options at hand for a rapid fix to the supply chain woes driving up inflation and crimping growth, a problem trade experts say arises from market forces outside their reach.The G7 trade ministers meeting in London may call for stronger efforts to clear backlogs at container port...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) - South32 reported today thatit has recorded sequentially lower base metals production in September quarter2021, with Cerro Matoso impacted by a temporary equipment outage, whileCannington extracted a pl...Read More
Oct 21 (Reuters) - U.S. carriers American Airlines (AAL.O) and Southwest Airlines (LUV.N) on Thursday warned mounting inflationary pressures could overshadow strong holiday demand and delay a complete return to profit.Both the Texas-based carriers posted a smaller-than-expected loss in the third quarter, but said rising fuel prices as well as higher labor costs are hurting earnings in the quar...Read More
he US Forest Service on Wednesday proposed a 20-year ban on mining in Minnesota's Boundary Waters region, a step that would block Antofagasta's Twin Metals copper and nickel mine project.The announcement reversed a decision by former President Donald Trump and set off a review of how mining could affect the popular outdoor recreational area. It freezes issuance of new mining leases or...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) - A supply crunch and growing demand have pushed the coppermarket to the brink of a new breaking point as the London Metals Exchangeadjusts its rules to deal with historically low inventory levels.The cu...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) - Africa-focused gold miningcompany Perseus Mining announced today that it has achieved another quarterlygold production record, producing 112,786 ounces of gold at its three mines inAfrica, up 10% on th...Read More
(Reuters) -Valero Energy Corp predicted on Thursday low inventories and a recovery in fuel demand to pre-pandemic levels could support higher refining margins, shrugging off a recent rally in crude prices.Gasoline and distillate consumption in the United States is back in line with five-year averages after more than a year of weak demand due to the pandemic that had also knocked refining capacity...Read More
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds Johnson on COVID-19,N.I. Protocol, updates prices, context)LONDON, Oct 21 (Reuters) - Sterling dipped below one-month highs on Thursday, tracking a similar move in risk-oriented currencies as sentiment weakened across financial markets and traders sought refuge in the...Read More
BERLIN (Reuters) -SAP said on Thursday demand for its cloud business database was growing as the German business software group confirmed its preliminary third-quarter results and full-year guidance boosted by big returns by its venture capital fund.Last week, the company had forecast cloud revenue to grow by 16%-19% in the year as a whole, helping its overall cloud and software revenue to increas...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) - Pure Hydrogen (ASX: PH2) announced today that it isacquiring a 24% stake in H2X Global, which is building hydrogen fuelcell-powered trucks and buses for use in the Australian market. Pure Hydrogen sign...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) - Pure Hydrogen (ASX: PH2) announced today that it isacquiring a 24% stake in H2X Global, which is building hydrogen fuelcell-powered trucks and buses for use in the Australian market. Pure Hydrogen sign...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 Road Resources (ASX:GOR) is making an offer for ApolloConsolidated (ASX:AOP), following Ramelius Resources (ASX:RMS) proposal fromearlier this month. The Gold Road offer was announced today by Apo...Read More
WASHINGTON, Oct 21 (Reuters) - The U.S. Navy and Army tested hypersonic weapon component prototypes on Wednesday that will inform development of new weapons, the Pentagon said, calling the three tests successful.The tests occurred the same day that U.S. President Joe Biden said he was concerned about Chinese hypersonic weapons. read moreThe Sandia National Laboratory ran the tests from NASA's Wal...Read More
NEW YORK/LONDON, Oct 21 (Reuters) - Bitcoin on Thursday pulled back from its all-time high struck a day earlier after the debut of the first U.S. bitcoin futures exchange-traded fund, though with more such ETFs set to launch, analysts questioned the impact on cryptocurrency investment flows.The world's largest cryptocurrency was down 3.02% at $64,000, at 10:45 a.m. Eastern time, after hitting a re...Read More
OTTAWA, Oct 21 (Reuters) - Canada will not extend existing broad-based COVID-19 support programs for companies and individuals when they expire on Saturday because the economy is recovering well, Finance Minister Chrystia Freeland said on Thursday.Instead, Ottawa will introduce more targeted and less expensive measures to help particularly hard-hit sectors such as the tourism industry.These new pr...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) - Anglo American (AAL.L,AAM.SW) announced Thursday that its copper equivalent production is up 2% in Q32021 compared to Q3 2020, with the company's operating levels generallymaintained at approximately 9...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 aremodestly lower in midday U.S. trading Thursday, on normal corrective pullbacksafter recent gains. Both metals remain in near-term price uptrends on the dailybar charts. A fi...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
WASHINGTON (Reuters) - Federal Reserve ethics officials in March 2020 cautioned Fed policymakers about personal securities trading as the central bank geared up for what became a massive and wide-ranging effort to battle the pandemic and keep the economy and asset markets from crashing, the New York Times reported on Wednesday.The Times said it had confirmed the substance of a March 23 email from...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) - Orca Gold (TSXV: ORG)announced today that the company and the Government of Sudan signed all the keydevelopment agreements to proceed with the formal construction of a largecommercial gold operation at...Read More