Oct 11 (Reuters) - Activist investor Elliott Investment Management on Monday urged Healthcare Trust of America to launch a strategic review and explore a potential sale of the real estate investment trust.Elliott, which is one of HTA's largest investors, said the company's longstanding underperformance compared to its peers has stoked frustration and shareholders want it to aim for a sale. HTA sha...Read More
BOGOTA, Oct 11 (Reuters) - Colombia will seek up to $2 billion in World Bank financing for 2022 efforts on climate change, biodiversity, improvements to the healthcare and help for young people, President Ivan Duque said on Monday.Duque met in Washington with officials at the bank, which had already supplied $2 billion in funding for this year for programs meant to help the Andean country's post-p...Read More
WASHINGTON (Reuters) -The U.S. Treasury is being held hostage by Republican Senator Ted Cruz's efforts to halt a Russia-to-Germany gas pipeline, blocking critical appointments when the federal debt limit remains a pressing issue, White House officials and Democrats in Congress say.Only four confirmed nominees are in place in the top ranks of the Treasury, of about 20 slots for presidential picks,...Read More
ANKARA (Reuters) - The head of Turkey’s central bank said on Monday that a 100 basis-point interest-rate cut last month was not a surprise and had little to do with the selloff that resulted in the lira.Responding to questions from a parliamentary commission, Governor Sahap Kavcioglu said the central bank had not neglected its duties in cutting the policy rate to 18% from 19%."I can say very...Read More
LONDON (Reuters) - Under pressure to act as inflation jumps towards double its 2% target, the Bank of England appears to be gearing up to be the first of the world's big central banks to raise interest rates since the coronavirus pandemic struck.Governor Andrew Bailey said in an interview published on Friday that inflation running above target must be managed to prevent it from becoming permanentl...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) - Seligdar, one of the leading gold producers in Russia, announced yesterday that it has won an auction for a license to develop Kyuchus, the largest gold deposit in the Republic of Sakha (Yakutia), Russ...Read More
Oct 11 (Reuters) - A strong rally in mining stocks on Monday boosted an index of European equities, which retraced all losses logged early in the session on worries about inflation and the upcoming earnings season.Europe's mining sector (.SXPP) surged 3% to post its biggest daily gain in three months as iron ore and coking coal rallied on supply fears, while base metals prices jumped on concerns...Read More
RIO DE JANEIRO, Oct 11 (Reuters) - Brazilian miner SamarcoMineracao SA, an iron-ore joint-venture between Vale SA and BHP , obtained an extension of its stayperiod for additional 180 days, according to a court decision onSaturday reviewed by Reuters.The company had requested an extension of its protectionagainst creditors in order to maintain ongoing talks withbondholders and reach an agreement ab...Read More
(Reuters) - Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022.More than 2,000 IPOs raised a combined $421 billion globally by the end of September, a record high, as private companies rushed to attain the soaring valuations...Read More
AUSTIN, Texas, Oct 11 (Reuters) - Austin prides itself on "keeping it weird," but the city's success at luring more big companies such as Tesla Inc (TSLA.O) has some residents wary of getting priced out of their unique culture.Tesla's CEO, Elon Musk, said on Thursday the electric car maker will move its headquarters from Palo Alto, California, to Austin, Texas. read moreHousing prices in the...Read More
(Kitco News) - Despite Ethereum underperforming Bitcoin recently because ofthe so called "Ethereum killers," Aydin Kilic, COO of HIVE Blockchain, is stillvery bullish on Ethereum. The "Ethereum killers" are competitors like Solana,Polygon, Cardano, and others.Kilicdiscussed cryptocurrencies with David Lin, Anchor at Kitco News. HIVE Blockchain is the first publicly traded crypto minerlisted on th...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) - Barrick Gold announced yesterday that its Tanzanian mines, North Mara and Bulyanhulu, are both set to meet their 2021 production targets as well as to replace depleted reserves through brownfields expl...Read More
(Kitco News) Bridgewater Associates is warning investors that inflation will not be transitory and central banks worldwide will be powerless to contain price surges without hurting the economy."We're in this situation where you still have this inertia from demand, it is pushing up against constrained supply and that has pushed inflation up," Bob Prince, co-chief investment officer at Bridgewater A...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 aretrading not far from unchanged in subdued midday U.S. trading Monday. Risinggovernment bond yields recently and an appreciating U.S. dollar on the foreign exchangemarket are...Read More
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds quotes, updates headline and rates)LONDON, Oct 11 (Reuters) - Sterling rose against both the euro and the dollar after the Bank of England said inflation levels in Britain were concerning and urged Britons, in interviews published over the weekend, to get ready for ear...Read More
LONDON, Oct 11 (Reuters) - Cryptocurrency analytics firm Elliptic said on Monday it had raised $60 million from investors including SoftBank and Wells Fargo Strategic Capital, the latest blockchain analytics firm to attract mainstream investment.With larger investors warming to cryptocurrencies, blockchain analysis and data firms such as Elliptic are in greater demand, in part due to growing regul...Read More
Friday saw anotherhorrific jobs number which is exactly what the current administration wants.They want to keep stimulus as they work towards universal basic income andsocialized medicine. Gold was rallying just before the number and exploded justafter to $1,781. By the end of the day,gold had closed lower on the day, proving the simple fact that the trend isyour friend. Silver managed to ho...Read More
LONDON (Reuters) - Financial services groups responsible for more than $90 trillion in assets on Monday called for the leaders of the world's largest economies to push through "clear, credible and ambitious" policies to battle climate change.The Glasgow Financial Alliance for Net Zero, chaired by United Nations climate envoy Mark Carney, said the policies, taken together, would restructure the glo...Read More
WASHINGTON, Oct 11 (Reuters) - The World Bank will keep pushing to help developing countries improve their business climates, World Bank President David Malpass said on Monday when asked about the bank"s decision to cancel its flagship "Doing Business" reports after a series of data irregularities and claims of data manipulation.Asked how the bank would rebuild its credibility after the scandal, M...Read More
SYDNEY, Oct 11 (Reuters) - A tech body backed by the Australian units of Facebook, Google and Twitter said on Monday it has set up a special committee to adjudicate complaints over misinformation, a day after the government threatened tougher laws over false and defamatory online posts.The issue of damaging social media posts has emerged as a second battlefront between Big Tech and Australia, whic...Read More