* Lagarde had set out to woo dissenters* Team spirit now broken: ING's Brzeski* Scene set for disagreement on inflationFRANKFURT, Oct 21 (Reuters) - Jens Weidmann's departure from the European Central Bank is the most tangible sign yet that ECB President Christine Lagarde's efforts to win over dissenting policymakers have hit a dead end and sets the scene for fresh frictions.The Bundesbank preside...Read More
Oct 21 (Reuters) - Blackstone Group Inc (BX.N), the world's biggest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings more than doubled in the third quarter to an all-time high.Blackstone and other private equity firms have capitalized on low interest rates and the economic recovery from the COVID-19 pandemic to sell many of their as...Read More
LONDON (Reuters) - For all the angst caused by this year's 65% oil price leap, concerns about a return to 1970s-style stagflation are overblown and the developed world, at least, can probably handle even costlier crude without too much stress.Alternative energy sources, a rise in less energy-intense service sectors, plus more efficient vehicles, gadgets and power plants mean that oil demand has ev...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) - New Found Gold (TSXV: NFG,NYSE: NFGC) announced Thursday that it has arranged a non-brokered privateplacement with Mr. Eric Sprott of 5 million common shares of New Found, at aprice of C$9.60 per commo...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 recent reportby ALROSA, the diamond market has fully recovered from the pandemic, andstructural decline in production due to stock depletion, coupled with growingdemand from end-users, c...Read More
WASHINGTON, Oct 21(Reuters) - U.S. home sales surged to an eight-month high September, but higher prices as supply remains tight are squeezing out first-time buyers from the housing market.Existing home sales increased by 7.0% - the largest increase in a year - to a seasonally adjusted annual rate of 6.29 million units last month, the highest level since January, the National Association of Realto...Read More
Oct 21 (Reuters) - Tesla Inc (TSLA.O) wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near its U.S. factories.The world's two biggest economies have yet to resolve disputes over tariffs, intellectual property rights and Chinese incursions into Taiwan's...Read More
Mr. Peter DembickireportsTIER ONE SILVER APPLIES FOR DRILL PERMIT FOR ADDITIONAL 200 DRILL HOLES AT CURIBAYA PROJECTTier One Silver Inc.has applied for an extension of its drill permit at the Curibaya project in southern Peru to include the Cambaya target, where the best channel sample results have been received to-date (see Oct. 14, 2021, news release). The target is located northeast of the prev...Read More
HONG KONG/SHANGHAI, Oct 21 (Reuters) - China Evergrande Group (3333.HK) has secured more time to pay a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer even as a debt crisis in the broader property sector deepened with more defaults.News of the three month-plus extension came a day after Evergrande scrapped a deal to sell a 50.1% stake, worth $...Read More
Oct 21 (Reuters) - For central bankers wrestling with the question of whether inflationary pressures are transitory, industry chiefs around the world have a clear message: prices are only going higher.Shortages of workers, fuel, cargo ships, semiconductors and building materials as the global economy bounces back after pandemic lockdowns have companies from electric car makers to chocolatiers scra...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 gold market remains caught in neutral finding littlemomentum in either direction even as the U.S. housing market continues toattract buyers.Existinghome sales rose to a seasonally adjusted and annua...Read More
Oct 21 (Reuters) - Facebook Inc's (FB.O) independent oversight board demanded more transparency from the social media giant on Thursday, saying the company was not "fully forthcoming" on how it deals with certain high-profile user accounts.The comments follow a Wall Street Journal report last month that said millions of Facebook accounts belonging to celebrities, politicians and other high-profi...Read More
MOSCOW, Oct 21 (Reuters) - Moscow will reintroduce COVID-19 lockdown measures from Oct. 28, Mayor Sergei Sobyanin said on Thursday, with supermarkets and pharmacies the only shops allowed to stay open in an effort to cut soaring infections and deaths.The decision came a day after President Vladimir Putin approved a nationwide week-long workplace shutdown from Oct. 30 to Nov. 7 and said regional le...Read More
Oct 21 (Reuters) - Canada's commodity-heavy main stock index retreated from a record high on Thursday, weighed by weakness in miners and energy stocks, while dismal corporate earnings from Rogers Communications further dented sentiment.At 9:31 a.m. ET (13:31 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 60.11 points, or 0.28%, at 21,128.08.Reporting by Amal S in Bengaluru; Ed...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) - Strong copper prices and lower input costs led Freeport-McMoRan (NYSE: FCX) solid earnings in thethird quarter. Thursday, the giant copper producer reported net incomeattributable to common stock in th...Read More
TOKYO (Reuters) - The Bank of Japan is discussing phasing out a COVID-19 loan programme if infections in the country continue to dwindle, sources told Reuters, potentially setting the bank up to exit a key crisis-mode policy sooner than investors expect.Markets have been anticipating a third extension of the scheme, set to expire in March. Policymakers have not reached a consensus as discussions a...Read More
Mr. Tom Larsen reportsMAGNETIC INVERSION MODEL CONFIRMS EXTENSIVE MINERALIZED SYSTEM AT ISKA ISKA EXTENDING OVER 2.4 KILOMETRE STRIKE LENGTHEloro Resources Ltd. has provided an update on exploration activities at its Iska Iska silver-tin polymetallic project in the Potosi department, southern Bolivia. To date, the Company has completed 32,606 metres (m) of drilling in 63 holes, including three (3)...Read More
Mr. Michael Spreadborough reportsNEAR-MINE HIGH-GRADE MINERALIZATION CONFIRMED 3 KM FROM GOLDEN EAGLE PROCESSING PLANTNovo Resources Corp. has provided an update on recent brownfield exploration drilling conducted at the Genie prospect. The maiden RC (reverse circulation) drilling program of 31 holes (for a total of 1,787 metres (m)) was completed at Genie in September, 2021. Significant intersect...Read More
(Reuters) - China's cybersecurity watchdog suggested ride-hailing firm Didi Global Inc and two other U.S.-listed tech companies explore listings in Hong Kong, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The Cyberspace Administration of China (CAC) broached the idea in recent conversations with executives from Didi, logistics platform Full Truck Alliance Co...Read More
Mr. Cor Coe reportsSITKA DRILLS 82.0 METRES OF 0.61 G/T GOLD AT RC GOLD IN YUKON Sitka Gold Corp. has released the results for three additional diamond drill holes from the company's 2021 exploration program at the Saddle-Eiger zone on its RC gold project. The results presented herein are for holes DDRCCC-21-013, DDRCCC-21-014 and DDRCCC-21-015, all of which were drilled in the Eiger zone, located...Read More