Mr. Scott Berdahl reportsSNOWLINE GOLD INTERSECTS 13.9 GRAMS PER TONNE GOLD OVER 6.0 M INCLUDING 45.0 GRAMS PER TONNE GOLD OVER 1.5 METRES AMONG WIDESPREAD GOLD HITS AT ITS JUPITER ZONE, EINARSONSnowline Gold Corp. has released additional assay results from phase I drilling at the Jupiter zone on its district-scale Einarson gold project in Yukon, Canada. A set of three holes drilled radially from...Read More
(Reuters) - Private equity firm Francisco Partners has agreed to invest in legal software platform Paradigm in a deal that valued the firm at $400 million, people familiar with the matter told Reuters.The deal is the latest bet on the legal technology sector from Francisco Partners, which earlier this year took online legal platform LegalZoom Inc. public. Francisco Partners remains one of the bigg...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 areposting slight gains in early U.S. trading Tuesday, after a brief rally thatpushed prices solidly higher just before a key U.S. inflation report wasreleased. The U.S. dollar...Read More
(Reuters) - BlackRock Inc, the world's largest money manager beat third-quarter profit estimates as an improving economy helped boost its assets under management, driving up fee income.Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on vaccinations and s...Read More
(Reuters) - Changes in the share structure of KKR & Co Inc, Apollo Global Management Inc and Carlyle Group Inc that strip the private equity firms" founders of voting control are making them and their employees wealthier, according to a Reuters review of regulatory filings.FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in Ne...Read More
LONDON (Reuters) - U.S. stock futures ticked up and European stocks reversed early losses on upbeat earnings on Wednesday, though markets were jittery ahead of U.S. consumer price data later in the session and oil dropped from recent multi-year highs.Concerns about rising inflation are gnawing at optimism about global recovery from the COVID-19 pandemic.September U.S. CPI is forecast to show a mon...Read More
BEIJING (Reuters) - China’s coal imports surged 76% in September as power plants scrambled for fuel to ease a power crunch that is pushing domestic coal prices to record highs and disrupting business activity in the world’s second-largest economy.Flooding in a key coal producing province has worsened the supply outlook, with analysts expecting electricity shortages and rationing to con...Read More
(Kitco News) The U.S. inflation data accelerated slightly more than expected in September, with the U.S. Consumer Price Index rising 0.4% after August's advance of 0.3%, the U.S. Labor Department said. Consensus forecasts were calling for a rise of 0.3%.Annualized inflation was at 5.4% versus the projected 5.3%. September's increase matched the largest annual price gain since 2008. This comes afte...Read More
DUBAI, Oct 13 (Reuters) - Egypt is targeting a primary surplus of 1.5% of its gross domestic product and a budget deficit of 6.7% of GDP in the 2021-22 financial year, the cabinet said in a statement on Wednesday citing the finance minister.The country's financial year runs from July to June. (Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla; Editing by Catherine Evans) Disclaimer: Th...Read More
* Labour and goods shortages fuelling UK inflation* UK "breakeven" rates have soared in recent weeks* "Inflation tourists" to blame, says one trader* Funds say U.S., Aussie, euro zone bonds more attractive* Tighter BoE policy, tech may push inflation lowerLONDON, Oct 13 (Reuters) - Britain looks like one place where investors urgently need a hedge against inflation, yet many say trade in domestic...Read More
MUMBAI, Oct 13 (Reuters) - Invesco (IVZ.N) said on Wednesday it facilitated talks between India's Reliance Industries (RELI.NS) and Zee Entertainment (ZEE.NS) earlier this year on a possible tie-up, revealing for the first time that India's richest man, Mukesh Ambani, was interested in the television giant.But the U.S. investment firm rejected allegations from Zee that it was resorting to do...Read More
(Reuters) - India's fuel demand rose 5.2% in September compared with the same month last year to 15.92 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday.Sales of gasoline, or petrol, were 6% higher from a year earlier at 2.60 million tonnes, while diesel sales rose 0.5% year-on-year to 5.51 million tonnes, the data showed.Reporting by...Read More
BRUSSELS, Oct 13 (Reuters) - Apple (AAPL.O) on Wednesday ramped up its criticism of EU draft rules that would force it to allow users to install software from outside its App Store, citing the risks posed by cybercriminals and malware.The iPhone maker has been a fierce critic of EU antitrust chief Margrethe Vestager's proposed rules, which were announced last year in a bid to rein in Apple, Amaz...Read More
WASHINGTON, Oct 13 (Reuters) - Russia was not invited to attend a 30-country virtual meeting led by the United States that is aimed at combating the growing threat of ransomware and other cyber crime, a senior administration official said.Many ransomware gangs operate from Ukraine and Russia, private sector cybersecurity experts say. Some U.S. officials and analysts have said Russian ransomware ga...Read More
WASHINGTON, Oct 13 (Reuters) - President Joe Biden will host a meeting on Wednesday to hail progress in addressing supply chain problems weighing on the economy and threatening the holiday season, while he challenges business and union leaders to do more to ease shipping backlogs.The Port of Los Angeles is going to 24/7 operations as a step toward helping ease the shipping snarl there and at the P...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) - Bitcoin-U.S. dollarare weakerWednesday as the market is seeing a routine downside correction after therecent good gains. The Bitcoin bulls still have the solid overall near-termtechnical advantage to s...Read More
LONDON, Oct 13 (Reuters) - Britain's economy returned to growth in August after contracting for the first time in six months in July, keeping intact financial market bets that the Bank of England will begin raising interest rates before the end of the year.Gross domestic product grew by 0.4% in August - a shade under market expectations in a Reuters poll of economists - after it was revised down t...Read More
FRANKFURT, Oct 13 (Reuters) - The new president of Germany's financial watchdog BaFin on Wednesday vowed to make further efforts to bolster supervision in Europe's largest economy amid criticism that current overhaul efforts don't go far enough.BaFin's reputation was battered after it failed to spot wrongdoing ahead of the collapse last year of the German payments company Wirecard, a former blue-c...Read More
BEIJING (Reuters) - China's export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases.The world's second-largest economy has staged an impressive rebound from the pandemic but there are signs the recovery is losing steam. Resilient exports could pro...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) - Strategists at Australia and New Zealand's ANZ Bank expect gold toreach $1850/oz but to suffer a reverse back lower in the next year and beyond.The bank said "Gold remains within the $1,750-70 range"In...Read More