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Fast-food items commonly contain plastics linked to serious health problems, new report shows

October 27, 2021 / marketsanity.com

The Washington Post (via MSN), Released on 10/27/21Our preliminary findings suggest that ortho-phthalates remain ubiquitous and replacement plasticizers may be abundant in fast food meals.To our knowledge, these are the first measurements of DEHT in food.Continue... Fast-food items commonly contain plastics linked to serious health problems, new report shows added by Herman James on 10/27/2021View...Read More

United States issues first Gender 'X' passport

October 27, 2021 / marketsanity.com

AP News, Released on 10/27/21"When a person obtains identity documents that reflect their true identity, they live with greater dignity and respect," Stern said.Somebody may want to tell Stern that X is Continue... United States issues first Gender 'X' passport added by Herman James on 10/27/2021View all posts by Herman James ?+'Read More

Why isn't rising inflation causing gold to go to the moon?

October 22, 2021 / marketsanity.com

Forbes, Released on 10/22/21Inflation should be dragging gold upwards. Instead gold is practically languishing. What's the deal?Continue... Why isn't rising inflation causing gold to go to the moon? added by Herman James on 10/27/2021View all posts by Herman James ?+'Read More

IN CASE YOU MISSED IT: 5 key stories from October 27

October 28, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

Uber partners with Hertz to offer 50,000 Tesla rentals to U.S. ride-hail drivers

October 27, 2021 / www.kitco.com

Oct 27 (Reuters) - Uber Technologies Inc (UBER.N) on Wednesday said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc (TSLA.O) vehicles as a rental option for its ride-hail drivers by 2023.Uber drivers can rent a Tesla through Hertz starting on Nov. 1 in Los Angeles, San Francisco, San Diego and Washington DC, with the program later this year expanding...Read More

U.S., Turkish presidential advisers discuss defense relationship, disagreements

October 27, 2021 / www.kitco.com

WASHINGTON, Oct 27 (Reuters) - Top advisers to U.S. President Joe Biden and Turkish President Tayyip Erdogan spoke on Wednesday about defense issues and how to resolve disagreements, the White House said, days after Turkey's leader threatened to expel U.S. and other ambassadors.Erdogan over the weekend ordered 10 envoys to be declared "persona non grata" for seeking the release of jailed philanthr...Read More

US domestic rebar tags stable; imports up

October 28, 2021 / www.metalbulletin.com

Domestic steel reinforcing bar prices in the United States were sideways on Wednesday October 27, but import tags went up for the first time in nearly two months.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on October 27, unchanged since August 11 at its highest level since late 2008. This marks the 11th week of that the a...Read More

General Dynamics lowers revenue outlook as profit rises on marine, aero sales

October 27, 2021 / www.kitco.com

Oct 27 (Reuters) - Defense contractor General Dynamics Corp (GD.N) posted a 3% rise in third-quarter profit on Wednesday, boosted by higher sales in the unit that makes U.S. Navy ships and its aerospace division, which makes Gulfstream business jets, but trimmed its annual revenue target by $400 million."This quarter revenues decrease will impact the year, and we now expect revenue to be around...Read More

Spotify adds more subscribers, podcasts fuel ad rebound

October 27, 2021 / www.kitco.com

STOCKHOLM, Oct 27 (Reuters) - Spotify Technology SA (SPOT.N) beat Wall Street estimates for third-quarter revenue as more paid subscribers signed up for its premium service and advertisers lined up to air ads in between music and podcasts.Premium subscribers, which account for most of the company's revenue, hit 172 million, just beating analysts' expectations of 171.7 million.Total monthly activ...Read More

Gas price surge pushes Europe's ceramics industry to breaking point

October 27, 2021 / www.kitco.com

MILAN, Oct 27 (Reuters) - Continental Europe's $35 billion ceramics industry thought the worst was over when sales jumped more than 10% in the first half of the year and order books began to fill up after the damage inflicted by the pandemic.But surging gas prices have caught out companies in an energy-intensive business, leaving them to choose between passing on higher costs to customers and scal...Read More

Credit Suisse hires UBS's von Schuckmann as asset management CFO

October 27, 2021 / www.kitco.com

ZURICH, Oct 27 (Reuters) - Credit Suisse on Wednesday made a raft of senior asset management appointments, as divisional executive Ulrich Koerner brought in a former UBS colleague while the bank continues its overhaul.Credit Suisse began revamping its asset management unit in April, when it brought in Koerner to lead the newly separated division following the collapse of $10 billion worth of suppl...Read More

US steel import volumes higher in September

October 28, 2021 / www.metalbulletin.com

The United States' imports of finished steel products increased moderately month on month but ballooned year on year in September, with most tracked commodities showing gains.A total of 2.94 million tonnes of steel imports arrived in September, up by 16.70% from the final tally of 2.52 million tonnes in August and up by 156.45% from 1.15 million tonnes in September 2020, according to prelimin...Read More

Ant Group-backed Paytm raises IPO size to $2.44 bln

October 27, 2021 / www.kitco.com

(Adds price band details, background)BENGALURU, Oct 27 (Reuters) - Indian digital payments leader Paytm has boosted the size of its initial public offering to 183 billion rupees ($2.44 billion) from 166 billion rupees, as existing shareholders look to sell more stake ahead of the country's largest stock market listing.Paytm was likely to target a price band of 2,080-2,150 rupees per share for the...Read More

DAILY STEEL SCRAP: Mills quiet ahead of national holiday

October 28, 2021 / www.metalbulletin.com

Turkish steel mills were quiet in the deep-sea scrap markets ahead of an upcoming Republic Day holiday on Thursday and Friday, sources told Fastmarkets on Wednesday October 27.The most recent cargo was recorded on Tuesday, when a steel mill in the Marmara region booked a cargo from the United States, consisting of 20,000 tonnes of HMS 1&2 (90:10) and 10,000 tonnes of shredded at an average price o...Read More

BrokerTec to launch market-making programme for EU recovery bonds

October 27, 2021 / www.kitco.com

Oct 27 (Reuters) - BrokerTec, a unit of leading financial derivatives firm CME Group, will launch a market-making programme on Nov. 1 for EU recovery fund bonds, a top executive told Reuters, in a move aimed at boosting transaction flows in the fast-growing debt programme.Building liquidity in the bonds, which are being issued to finance the European Union"s effort to aid member states" post-pande...Read More

ASIA STEEL SCRAP DIGEST: South Korea continues to buy Japanese cargoes

October 28, 2021 / www.metalbulletin.com

Steel scrap buyers in South Korea have continued to chase bulk bookings from Japan in recent days at increasingly high prices, market sources told Fastmarkets on Wednesday October 27.?EUR?South Korea books more scrap?EUR?Tokyo Steel Utsunomiya raises buy price again?EUR?China prices continue downtrend amid bearish sentiment in finished steel markets?EUR?Taiwan prices retreat on weakening sentiment...Read More

Berkshire Hathaway-backed Brazil's Nubank confidentially files for U.S. IPO

October 27, 2021 / www.kitco.com

Oct 27 (Reuters) - Brazilian digital lender Nubank, which is backed by Warren Buffett's Berkshire Hathaway Inc, said on Wednesday it had confidentially filed for an initial public offering in the United States.Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The...Read More

IRON ORE DAILY: Prices down amid weak buying, poor outlook

October 28, 2021 / www.metalbulletin.com

Seaborne iron ore prices inched downward on Wednesday October 27 because most market participants were cautious about procurement amid the generally weak demand outlooks for the rest of 2021, market sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.86 per tonne, down by $2.44 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.15 per tonne, down by $1.96 per tonne58% Fe fin...Read More

Sunak announces UK growth upgrade, pledges to control inflation

October 27, 2021 / www.kitco.com

LONDON, Oct 27 (Reuters) - Finance minister Rishi Sunak said stronger economic growth and lower borrowing would allow him to increase public spending as Britain emerges from the COVID-19 pandemic, and he vowed to protect households from rising inflation.Sunak said in a half-yearly budget statement on Wednesday that the economy was likely to grow by 6.5% in 2021, a lot faster than a forecast of 4.0...Read More

IN CASE YOU MISSED IT: 5 key stories from October 27

October 28, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

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