WASHINGTON, Oct 28 (Reuters) - U.S. President Joe Biden made a last-minute trip to Congress on Thursday to push a new $1.75 trillion framework for economic and climate change spending, after weeks of squabbling between progressives and moderates in his party.Biden, who is delaying a trip to Europe to secure an agreement on his domestic policy priorities, is confident he will win backing from b...Read More
Oct 28 (Reuters) - Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years.Microsoft said it will provide scholarships or assistance to about 25,000 students and will provide training for new and existing teachers at 150 community colleges across the country. The company also said that...Read More
WASHINGTON, Oct 28 (Reuters) - U.S. President Joe Biden will push for his party and the nation to coalesce around a trimmed-down domestic spending plan on Thursday, according to people familiar with the matter.Biden is expected to sketch the outlines of a deal that he thinks can unite the Democratic Party, which narrowly controls the legislature but has struggled to agree to a deal.He plans to tra...Read More
WASHINGTON (Reuters) - Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices.The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, decreased 2.3% last month to 116.7. Pending home sales fell in all four regions.Economists polled by Reuters had fo...Read More
MILAN, Oct 28 (Reuters) - Weak quarterly results and mixed 2022 guidance overshadowed a new business plan from Saipem (SPMI.MI) on Thursday, sending shares in the Italian energy services group down more than 8%.In the first strategy plan under CEO Francesco Caio, Saipem said it expected to start growing again next year as its offshore business and drilling bounce back from the pandemic, with cor...Read More
NEW YORK/LONDON, Oct 28 (Reuters) - Global equities retreated from record highs on Thursday, while safe-haven gold rose after the U.S. economy grew at its slowest pace in more than a year in the third quarter, hit by an uptick in COVID-19 infections and shortages caused by stretched supply chains.U.S. gross domestic product increased at a 2% annualized rate last quarter, slowest since the second q...Read More
BRUSSELS, Oct 28 (Reuters) - The European Union's top diplomat said on Thursday that Moldova was a victim of Russia's efforts to use natural gas to bully its smaller neighbour, although he did not provide details.Moldova's gas contract with Russia's Gazprom (GAZP.MM) expired at the end of September, and the two have failed to agree on a new price, with Chisinau balking at Gazprom's proposal to d...Read More
Oct 28 (Reuters) - Analysts and traders have sharply lowered their price forecasts for platinum and palladium after a chip shortage forced auto makers to cut production of vehicles containing the metals, a Reuters poll showed on Thursday.Auto makers account for some 40% of platinum demand and 80% of palladium demand, embedding them in exhaust systems to neutralise harmful emissions.The chip shorta...Read More
JERUSALEM, Oct 28 (Reuters) - Check Point Software Technologies (CHKP.O) beat estimates with a slight gain in third-quarter net profit and raised its 2021 estimates amid rapid growth in its consolidated cyber security platform and cloud protection products.Israel-based Check Point on Thursday said it earned $1.65 per diluted share excluding one-off items in the three-months ending Sept. 30, up f...Read More
Mr. Quentin Yarie reportsRED PINE ANNOUNCES COMPLETION OF SALE OF ALGOMA-TALISMAN PROPERTYFurther to its press release dated Aug. 20, 2021, Red Pine Exploration Inc.has completed the sale of all of Red Pine's Algoma-Talisman gold prospective property, located in Newton township, Ontario, to Newton Gold Corp. for a total purchase price of$1.05-million.Red Pine has now received the remaining$500,000...Read More
LE HAVRE, France, Oct 28 (Reuters) - Britain on Thursday condemned France's seizure of a British fishing boat in French waters and warned Paris against further retaliation in a rapidly deteriorating row over post-Brexit fishing rights.French Seas Minister Annick Girardin said the vessel was detained during checks off the northern port of Le Havre overnight as it was not allowed to fish in French t...Read More
Gold, Silver and Platinumhave been setting up for a much bigger move. The recent price action has beenwild enough to make traders and investors want to pull out their hair. Fromlast Friday'shard sell-off from up 30.00 to yesterday's whip around theunchanged line.The metals look to gohigher, possibly a significant move. We are long and can only see one level ata time. Making a dramatic prediction i...Read More
WASHINGTON, Oct 28 (Reuters) - U.S. President Joe Biden will urge Democrats in Congress to back a new $1.75 trillion framework for economic and climate change spending, and is confident he will win their backing despite deep divisions between moderate and progressive Democrats, senior administration officials said on Thursday.The framework would be fully paid for by repealing certain tax rebates p...Read More
MILAN (Reuters) - UniCredit raised its 2021 profit and revenue goals on Thursday, strengthening the hand of its new CEO after he walked out of talks to buy troubled rival Monte dei Paschi (MPS).Italy's only bank that regulators deem of global systemic relevance, UniCredit last year lost its domestic leadership to Intesa Sanpaolo, which snapped up rival UBI to secure a fifth of the market - twice t...Read More
LONDON, Oct 28 (Reuters) - Dogecoin, watch out!Meme-based cryptocurrency shiba inu soared more than 45% over the last 24 hours, muscling its way into the top ten largest digital tokens by market capitalisation.Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use.Yet it's price has rocketed around 190% in the last seven day...Read More
Oct 28 (Reuters) - Mastercard Inc (MA.N) reported better-than-expected profit for the fourth consecutive quarter on Thursday, as easing of pandemic-era restrictions drove a healthy recovery in cross-border spending and lifted domestic spending.Shares were up nearly 3% at $345 in premarket trading.After more than a year of staying homebound, customers have started venturing out for travel, dining...Read More
FRANKFURT (Reuters) - The European Central Bank still sees a recent rise in euro zone inflation to above its 2% target as temporary and expects price pressures to ease next year, ECB President Christine Lagarde said on Thursday.She acknowledged the decline would take longer than ECB had initially expected but said favourable financing conditions created by its ultra-easy policy were still essentia...Read More
Oct 28 (Reuters) - Following is the text of European Central Bank President Christine Lagarde’s statement after the bank’s policy meeting on Thursday:Link to statement on ECB website: hereGood afternoon, the Vice-President and I welcome you to our press conference.The euro area economy continues to recover strongly, although momentum has moderated to some extent. Consumers continue to...Read More
FRANKFURT (Reuters) -The European Central Bank kept policy unchanged on Thursday as widely expected, holding fire before a crucial December decision on whether to end emergency stimulus and return policy to a more normal setting.The bank reaffirmed its plan to keep buying bonds to pin borrowing costs near record lows and also promised to hold down interest rates for years to come - a pledge increa...Read More
Oct 28 (Reuters) - Second-hand clothing firms are fighting to snap up smaller rivals and lock in investment as demand for thriftwear booms on the back of supply chain snarl-ups for traditional retailers ahead of the peak holiday shopping period.Newly listed companies such as Poshmark Inc (POSH.O) and ThredUp Inc (TDUP.O) are starting to scoop up smaller firms to fend off competition from deep-...Read More