LONDON (Reuters) -Britain's economy unexpectedly regained momentum in October, despite surging costs and mixed consumer signals, according to surveys on Friday that could tempt the Bank of England to raise interest rates for the first time since the pandemic.The preliminary "flash" IHS Markit/CIPS Composite Purchasing Managers' Index rose by the largest amount since May to hit 56.8, up from 54.9 i...Read More

Share this article TORONTO - Emerita Resources Corp. [EMO-TSXV, EMOTF-OTC] shares rallied in active trading Friday after the company released drilling results from the La Infanta polymetallic deposit on its Iberia West project in Spain.The company said it has received complete assays for the first step-out hole from the Infanta drill program as well as the final in-fill drillholes. It said the in...Read More

Base metals prices on the London Metal Exchange were mainly stronger during morning trading on Friday October 22, but those on the Shanghai Futures Exchange were largely down - this follows significant losses on the LME on Thursday.Chinese property giant Evergrande Group makes a dollar bond interest payment.US treasury yields up sharply following better-than-expected US initial jobless claims data...Read More

Share this article VANCOUVER - 79 Resources Ltd. [SNR-CSE] said Friday it has closed the previously announced acquisition of Buck Gold Inc., a privately-owned Vancouver exploration company which controls approximately 1,200 square- kilometre of mineral properties near Houston, British Columbia.The mineral properties controlled by Buck gold are contiguous to area holdings of Newmont Corp., [NGT-TS...Read More

Oct 22 (Reuters) - Nasdaq futures edged lower on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.Intel Corp (INTC.O) slid 10.3% in premarket trading as it missed third-quarter sales expectations, while its Chief Executive pointed to shortage of other chips h...Read More

(Reuters) - Two early investors in blank-check company Digital World Acquisition Corp. sold their holdings as news emerged that it was merging with former President Donald Trump's new media venture.Hedge fund manager Boaz Weinstein, who runs Saba Capital Management, and Lighthouse Investment Partners, said they had exited without giving a precise time for the sales or price at which they cashed ou...Read More

BRASILIA, Oct 22 (Reuters) - Brazil’s currency and stocks extended losses on Friday following an exodus of senior Treasury officials after the government announced plans to ramp up spending ahead of next year’s election.The two most senior Treasury officials and their two deputies submitted their resignations on Thursday “for personal reasons,” according to the Economy Mini...Read More

If you've followed my alerts over the course of my career, you know that in addition to a passion for picking stocks and options trades, I also have another passion: I love fishing.Well, that love almost got me killed last weekend while fishing in a tournament on the Chesapeake Bay. With swells reaching 10 feet at times, 20-knot winds, and supersized cargo ships pushing out massive wakes, it was...Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 22.Susan Zou, Yingchi Yang and...Read More

(Recasts, adds Draghi comments)BRUSSELS, Oct 22 (Reuters) - Italy has urged the European Union to start work immediately on a plan to create a joint storage system for strategic gas reserves, Prime Minister Mario Draghi said on Friday.Speaking to reporters after an EU summit, Draghi said Brussels needed to draw up an inventory of gas reserves that are available today across the bloc.“On ener...Read More

(Recasts with president's comments, consultancy note, details)MEXICO CITY, Oct 22 (Reuters) - Mexican inflation rose slightly during the first two weeks of October, official data showed on Friday, an uptick the president attributed to a global fall in production as well as the U.S. economy "heating up," which has spurred demand.President Andres Manuel Lopez Obrador told reporters he expected highe...Read More

A summary of Australia-listed lithium producer Orocobre's production results as of 30 September 2021, released on Friday October 22.In brief Average pricing for the fourth quarter of 2021 and January 2022 for shipments of spodumene, a precursor of lithium, is $1,650 per tonne on a cif basis for 6% Li2O, "almost double that of the September quarter," the company said. The average spodumen...Read More

HONG KONG/SHANGHAI, Oct 22 (Reuters) - China Evergrande Group (3333.HK) appeared to have averted default with a last-minute bond coupon payment, a source said on Friday, buying it another week to wrestle with a debt crisis looming over the world's second-biggest economy.The property developer also announced plans to give future priority to its electric vehicles business over real estate.Facing a...Read More

BRASILIA, Oct 22 (Reuters) - Brazil's President Jair Bolsonaro is expected to attend next week's summit of the Group of 20 leading economies in Rome, the chief of staff of the foreign minister said on Friday at a news conference.Doubts over his attendance arose due to economic turbulence his government is facing. Brazil's currency and stocks extended losses on Friday following an exodus of senior...Read More

LONDON, Oct 22 (Reuters) - Writing about the Bank of England may be more an art than a science, but that hasn't stopped two of the central bank's more enterprising researchers from corralling financial journalists into their economic models.In a paper published on Friday that aims to improve the central bank's communication with the public, the researchers start with a bold assumption about journa...Read More

The price of nickel sulfate in China was unmoved in a cautious market during the week to Friday October 22, amid fears of an oversupply of material and despite volatile nickel prices, sources told Fastmarkets.Nickel prices on the Shanghai Futures Exchange hit an all-time high on October 21, and closed at 155,880 yuan ($24,366) per tonne, on news of a possible export ban on raw materials from Indon...Read More

(Reuters) -Shares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump's new social media company soared again on Friday but trading was halted multiple times due to volatility, with small-time investors talking up the stock on social media.Digital World Acquisition Corp's shares were last up $162.7% 162.7% at $119.52 after earlier hitting a high of...Read More

JOHANNESBURG, Oct 22 (Reuters) - South Africa will tell rich countries at climate talks next week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks to help end its own reliance on coal.Addressing journalists on the position of Africa's most industrialised economy at the COP26 talks in Glasgow from...Read More

* C.bank lifts key rate by 75 bps to 7.5%* Rouble jumps to near 16-month high vs dollar on rate hike* Rouble hits 69.8150 vs dollar, touches 81.2825 vs euro* Higher rates make rouble assets more attractive, says c.bank (Updates prices, adds c.bank comment, bullets)MOSCOW, Oct 22 (Reuters) - The Russian rouble jumped past 70 versus the U.S. dollar for the first time in almost 16 months on Friday af...Read More

Indian domestic prices for steel hot-rolled coil have risen by about 1,500 rupees ($20) per tonne in the week to Friday October 22, with most mills announcing price rises.Mills raised their HRC prices with demand increasing on active restocking by traders and a sharp increase in spot prices.Mills had raised their domestic HRC prices by about 1,000 rupees per tonne in the second week of October.The...Read More