FRANKFURT, Oct 20 (Reuters) - German crude oil import volumes fell 7.1% in the first eight months of 2021 year-on-year as the COVID-19 pandemic and related lockdowns hit industry, but the bill was up by a third due to higher prices, official data showed on Wednesday.Oil volumes in January through August fell to 51.9 million tonnes from 55.8 million in the same months of 2020, statistics from the B...Read More
Japanese local and export buyers have been locked in a fight for steel scrap in the week to Wednesday October 20, pushing up prices across the board, sources told Fastmarkets.Major electric arc furnace (EAF) mill Tokyo Steel on Wednesday announced it would raise its scrap buy prices by ?500-1,000 ($4.38-8.75) per tonne at some of its works starting Thursday October 21. This marks the second price...Read More
(Reuters) -Payments giant PayPal Holdings Inc is in talks to buy digital pinboard site Pinterest Inc, according to a person directly familiar with the matter.The companies have discussed a potential price of $70 per share, which would value Pinterest at around $39 billion, according to Bloomberg News. The price would represent a 26% premium to Pinterest's closing price of $55.58 on Tuesday.PayPal...Read More
Turkish steelmakers continued to pay higher prices for deep-sea ferrous scrap cargoes scheduled for shipment in December, market sources told Fastmarkets on Wednesday October 20.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 32,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $502 per tonne and 3,000 tonnes of bonus-grade scrap at $522 per tonne cfr.Pre...Read More
* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices)MILAN, Oct 20 (Reuters) - German government bond yields edged lower on Wednesday, reversing direction after rising in early trade amid some concerns about potential monetary tightening by the European Central Bank.Market expectations for future interest rates do not square with the European Central Bank's guidance for no hi...Read More
(Reuters) - Shares of Novavax Inc fell 20% after a report from Politico said the company faces significant hurdles in proving it can manufacture its experimental COVID-19 vaccine that meets regulators' quality standards, resulting in production delays.The methods Novavax used to test the purity of its vaccine have fallen short of U.S. regulators' standards, according to the Politico report, citing...Read More
Taiwan's import prices for containers of steel scrap were expected to continue to rise because of a huge premium for bulk import prices over material arriving in containers, market sources told Fastmarkets on Wednesday October 20.?EUR?Taiwanese buyers continue to book containerized cargoes?EUR?Chinese market muted by wide bid-offer gaps?EUR?China's ferrous scrap import volumes down by 49% month on...Read More
Oct 20 (Reuters) - U.S. logistics technology firm Flock Freight said on Wednesday it had reached a valuation of more than $1 billion, after raising $215 million in a funding round led by SoftBank Vision Fund 2.New and existing investors including Susquehanna Private Equity Investments, Eden Global Partners, SignalFire and Alphabet Inc's (GOOGL.O) GV also participated in the funding round, the co...Read More
China's domestic rebar prices decreased on Wednesday October 20 amid weak demand following a sharp decrease in coal futures. Domestic Eastern China (Shanghai): 5,700-5,740 yuan ($891-897) per tonne, down by 30 yuan per tonneChina's National Development & Reform Commission (NDRC) plans to address the issue of high coal prices to ensure sufficient supply of the material ahead of the country's heatin...Read More
HONG KONG (Reuters) -China Evergrande Group said on Wednesday a deal to sell a 50.1% stake in its property services unit has fallen through, delivering a blow to embattled developer's hopes of avoiding a potentially disruptive default.If it had gone through, the deal with a unit of Hopson Development to sell half of Evergrande Property Services would have been worth HK$20.04 billion ($2.58 billion...Read More
Kitco News, Released on 10/20/21A monetary system collapse is coming, and the trigger will be raging inflation, said Lawrence Lepard, Equity Management Associates managing partner."We've reached peak debt and peak money printing as a solution to our problems. The growth of the money supply has almost gone vertical", Lepard told Michelle Makori, editor-in-chief of Kitco News. "And this is how infla...Read More
Stansberry Research, Released on 10/20/21It's a fallacy to keep gold prices low to show the economy is doing alright, says Dr. Ron Paul, former U.S. Congressman and Host of The Ron Paul Liberty Report.He surveys the U.S. economic landscape and asserts that, "the depreciation of money [U.S. dollars] is ongoing, and it's not going to stop."Dr. Paul tells our Daniela Cambone that transitory price inf...Read More
BEIJING (Reuters) - China's commodities markets tumbled on Wednesday, led by sharp falls in thermal coal prices, after the state planner said it was considering intervention to cool record prices of the fuel that is vital to power the world's second biggest economy.The slide in China had a knock-on effect in global markets, where prices of base metals used in manufacturing and construction, such a...Read More
CNBC, Released on 10/20/21Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, joins 'Squawk Box' to discuss inflation and the Federal Reserve.Part 1 (part 2 below)Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, joins 'Squawk Box' to explain why cryptocurrencies are a better hedge aga...Read More
Liberty and Finance, Released on 10/19/21Supply disruptions in the precious metals industry, such as the Royal Mint running out of silver blanks, are becoming the norm due to unprecedented demand. Gold and silver are your "life raft," says Andy Schectman, CEO & President of Miles Franklin. "Get it while you can."0:00 Intro2:05 Royal Mint update4:43 $600 reporting requirement12:11 Junk silver swap2...Read More
Financial Survival Network, Released on 10/20/21Summary: David Morgan comes on the podcast to give us insight on the markets. We tackle inflation-which is not so transitory after all-the future of the dollar, the Chinese real estate debacle, and the precious metals market. A lot is changing and there will probably be many unintended consequences that our nation needs to prepare itself for. Tune in...Read More
Fox Business, Released on 10/19/21Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An...Read More
YouTube/PeterSchiff, Released on 10/19/21Bonds are never a safe haven against inflation.Consumers can't afford to buy houses for what it costs builders to construct them.Zillow bails on home flipping business.Biden describes inflation as a high class problem.US government now using Soviet propaganda tactics to explain inflation.Bitcoin futures ETF BITO is the antithesis of what Bitcoin is supposed...Read More
Citizen Free Press, Released on 10/19/21This explains everything...pic.twitter.com/ncdu6nKgPh- Citizen Free Press (@CitizenFreePres) October 20, 2021 VIDEO: Proof That Pfizer Sponsors Everything added by Herman James on 10/19/2021View all posts by Herman James ?+'Read More
Daily Reckoning, Released on 10/19/21Unfortunately, we're the ones suffering the consequences of their lies.Continue... Jim Rickards: Lies, Lies, Lies! added by Herman James on 10/20/2021View all posts by Herman James ?+'Read More