LONDON (Reuters) - The dollar edged down against major peers on Thursday, reaching its lowest level in 10 days in a pullback from its recent rally, while the Australian and New Zealand dollars rose.Expectations that the U.S. Federal Reserve would tighten monetary policy more quickly than previously expected have helped the dollar rise since early September.But its ascent has recently eased and on...Read More
Mr. Marcel Robillard reportsPUMA EXPLORATION IDENTIFIES MORE HIGH-GRADE GOLD VEINS WITH UP TO 199 G/T* AU FROM SURFACE SAMPLING ON ITS WILLIAMS BROOK GOLD PROPERTY, ATLANTIC CANADA Puma Exploration Inc. has provided additional results, which include very high-grade gold assays of 199 grams per tonne (g/t) gold (Au), 192 g/t Au and 170.5 g/t Au, from the 2021 field exploration surface sampling prog...Read More
AMSTERDAM (Reuters) - Italian software company MotorK said on Thursday it aimed to raise 150 million euros ($175 million) with an initial public offering (IPO) of shares on the Amsterdam stock exchange before the end of this year.MotorK offers a software platform for car dealers to help them manage sales and marketing activities. It said it would use the proceeds to invest in developing new produc...Read More
(Updates with rouble gains)MOSCOW, Oct 14 (Reuters) - The Russian rouble firmed against the dollar on Thursday to levels last seen in late July 2020, while a recovery in oil prices helped the benchmark MOEX stock index hit a record high.At 1304 GMT, the rouble was 0.6% stronger against the dollar at 71.54, having hit its strongest level since July 27, 2020 at 71.5150.Against the euro, the rouble a...Read More
Oct 14 (Reuters) - Walgreens Boots Alliance Inc will invest an additional $5.2 billion in care provider VillageMD as the pharmacy chain aims to expand primary healthcare services at its stores, the two companies said on Thursday.The investment increases Walgreens' stake in VillageMD to 63% from 30%, while the latter plans to go public in 2022.Walgreens had acquired its initial here 30% stake in...Read More
(Reuters) - Reliable Robotics, a Silicon Valley startup aiming to automate conventional fixed-wing planes to ferry cargo and eventually passengers, has raised $100 million from investors, the company said on Thursday.The Series C round was led by New York-based Coatue Management, whose investment portfolio includes Rivian and Lime.Reliable co-founder and CEO Robert Rose said the funds will enable...Read More
FRANKFURT, Oct 14 (Reuters) - Euro zone inflation could exceed expectations in the short and medium term, and this outlook for price growth warrants an end to the European Central Bank's emergency bond purchases next March, Dutch central bank chief Klaas Knot said on Thursday.Inflation has surged this year on a long list of one-off developments but a growing number of observers, including the Inte...Read More
Oct 14 (Reuters) - Current high levels of inflation may not abate as soon as many U.S. Federal Reserve policymakers expect, St. Louis Fed President James Bullard said on Thursday, as he once again urged the central bank to pursue a faster taper of its bond-buying program."I think this is concerning," Bullard told a virtual gathering of the Euro50 Group, with regard to inflation. "While I do think...Read More
* Gold faces resistance at $1,800/oz and $1,835/oz- analyst* Fed could start reducing stimulus by mid-Nov - minutes (Updates prices)Oct 14 (Reuters) - Gold prices hit a one-month high on Thursday, as the dollar and U.S. bond yields eased while investors assessed how strong inflation data could shape monetary policy.Spot gold rose 0.4% to $1,799.30 per ounce by 1100 GMT, having earlier hit its high...Read More
* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, Oct 14 (Reuters) - Sterling hit a two-week high on Thursday, building on the previous session’s gains, as traders focused on hopes a post-Brexit trade war with the European Union will be avoided and on expectations the Bank of England will increase rates this yea...Read More
Berlin (Reuters) - Germany's top economic institutes cut their joint forecast for 2021 growth in Europe's largest economy to 2.4% on Thursday as supply bottlenecks hamper manufacturing, but they raised their prediction for next year.The five institutes - the RWI in Essen, the DIW in Berlin, the Ifo in Munich, the IfW in Kiel and Halle's IWH - raised their 2022 forecast to 4.8% from 3.9%, saying th...Read More
BEIJING, Oct 14 (Reuters) - Chinese housing regulators are telling home buyers to exercise caution when making payments on purchases, amid concerns that funds are illegally siphoned away by developers in a sector that is facing a severe liquidity crunch.Chinese developers are allowed to sell residential projects before construction, but are required to put the funds acquired from sales in escrow b...Read More
LONDON (Reuters) - Only one in three companies are properly applying globally-agreed climate-related disclosure standards for helping investors to pick companies committed to sustainability, global regulators said on Thursday.A task force set up by the Financial Stability Board - which groups regulators, central banks and treasury officials from G20 countries - set out recommendations in 2017 on h...Read More
MOSCOW, Oct 14 (Reuters) - Russia’s central bank has seen an influx of foreign investors buying OFZ treasury bonds on the secondary market, an official said, as high yields outweigh the risks of sanctions for some.The Russian central bank has raised its key interest rate five times this year to rein in growing consumer prices and said more increases from the current level of 6.75% were possi...Read More
(Reuters) -Bank of America Corp beat estimates for third-quarter profit on Thursday, as it released reserves of $1.1 billion and recorded strong growth in its lending and equity-trading divisions.Net income applicable to common shareholders rose to $7.26 billion, or 85 cents per share, for the quarter ended Sept. 30 from $4.44 billion, or 51 cents per share, a year earlier.Analysts on average had...Read More
DUBAI (Reuters) - A unit owned by Abu Dhabi state fund Mubadala Investment Company has acquired one of the biggest franchisees of Taco Bell Corp in the United States, according to a statement on Thursday.Mubadala Capital, an asset management subsidiary, bought K-MAC from Lee Equity Partners Opportunity Fund, the unit said in the statement.K-MAC operates over 300 Taco Bell restaurants, mostly in th...Read More
(Adds quotes, detail, chart)TAIYUAN, China, Oct 14 (Reuters) - Aluminium processors in China face slimmer profits this year due to surging metal prices, Shandong Nanshan Aluminium Co Ltd's chairman said on Thursday.Prices of aluminium, used in products from food cans to aeroplanes, have risen by more than 50% this year on strong demand and output cuts due to an energy crisis and flooding in top pr...Read More
SHANGHAI, Oct 14 (Reuters) - U.S.-listed Chinese online brokerages Futu Holding (FUTU.O) and UP Fintech Holding face regulatory risks as China's new personal data privacy law takes effect on Nov. 1, the official People's Daily said in an analysis on its website.Such brokerages, which help mainland Chinese individuals invest in overseas stock markets such as in the United States and Hong Kong, co...Read More
(Kitco News) Gold was largely unchanged and trading near daily highs after the U.S. Producer Price Index (PPI) rose to 8.6% on an annual basis in September versus the expected 8.7%.This marked the largest year-over-year advance since November 2010.The PPI slowed to 0.5% on a monthly basis in September from August's 0.7%. Core PPI, which strips out volatile food and energy prices, came in at 0.2% m...Read More
(Kitco News) The initial weekly jobless claims declined 36,000 to 293,000 in the week to Saturday, beating market expectation sand marking a fresh pandemic low.Economists' consensus calls projected for initial claims to come in at 319,000 following the revised level of 329,000 reported in the previous week.The four-week moving average for new claims - often viewed as a more reliable measure of the...Read More