DUBLIN, Nov 1 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said she does not think the U.S. economy is overheating and that while inflation is higher than in recent years, it is related to disruption from the COVID-19 pandemic.Data last week showed that U.S. consumer spending increased solidly in September, which together with falling COVID-19 infections and recovering consumer c...Read More

Nov 1 (Reuters) - A possible cyber attack against the healthcare system in the Canadian province of Newfoundland has disrupted services and forced the cancellation of some appointments, health authorities said on Monday.An investigation was under way to understand the nature and extent of the attack, which was detected on Saturday, health minister John Haggie told reporters."This led to progressiv...Read More

The Commonwealth of Independent States' export prices for hot-rolled coil increased during the week ended Monday November 1, but market activity was weak, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $870-880 per tonne on November 1, rising from $850-870 per tonne on October 25.Offers from Ukraine to Turkey were at $900-910...Read More

(Updates prices, adds chart)LONDON, Nov 1 (Reuters) - The pound slipped on Monday, touching its lowest in more than two weeks versus the dollar and euro, pressured by uncertainty over the Bank of England’s policy stance and an escalating post-Brexit spat with France over fish.Robust German and U.S. inflation last week caused an aggressive re-pricing of interest rate bets in those markets.Whi...Read More

The world is currently locked in an arms race that could rival the nuclear race of the 1950s. And it's happening noiselessly, hidden inside laboratories around the world. Nearly every country is funding it but not exactly for the reasons they might say. Some might claim it's for "the good of mankind" or the "steady progress of technology." If you want the truth, I think they're afraid of not bui...Read More

Most flat steel prices continued to increase in Turkey during the week ending Monday November 1, but future price moves remain uncertain because of decreasing prices in China and weak demand in the Turkish local market, sources told Fastmarkets.Hot-rolled coil prices in China have been decreasing, which may affect global prices.Local demand for flat steel was also weak because most buyers placed t...Read More

(Reuters) - BlackRock has hired a senior executive from communications and investor relations firm Joele Frank to lead its investment stewardship team in the Americas, which oversees the asset manager's interactions with hundreds of U.S. companies.John Roe will join as managing director, head of BlackRock Investment Stewardship (BIS), Americas, next week, according to a memo sent to employees on M...Read More

MEXICO CITY, Nov 1 (Reuters) - Mexico's manufacturing sector moved closer to the break even point in October but still contracted for the 20th month in a row, as global supply chain bottlenecks led to raw material shortages, a survey showed on Monday.The IHS Markit Mexico Manufacturing Purchasing Managers' Index rose to 49.3 in October from 48.6 in September, below the 50 threshold that separates...Read More

Nov 1 (Reuters) - Centrist Democratic Senator Kyrsten Sinema and U.S. House of Representatives Speaker Nancy Pelosi spoke over the weekend on the issue of prescription drug prices, CNN reported on Monday.Progressive Senator Bernie Sanders said on Sunday he was working on getting a provision to lower prescription drug prices into the $1.75 trillion social spending bill pending in the U.S. Congress...Read More

Nov 1 (Reuters) - Chinese developer Modern Land (China) said on Monday a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend to hold on to cash.The development highlights the impact of China Evergrande here Group, which narrowly averted a costly default, on the rest of the high-yield sect...Read More

Prices in the Commonwealth of Independent States' export long steel market continued to grow in the week to Monday November 1, mainly due to higher offers from Ukraine because the country still has most of its quota allocation available for the fourth quarter in Europe.Meanwhile, Russian suppliers have almost fulfilled up their rebar quota and their wire rod quota has been completely exhausted.&nb...Read More

Nov 1 (Reuters) - Bank of America Corp is planning to file an application to set up a securities firm in China as part of its strategy to expand into the country's burgeoning financial services market, Bloomberg News reported here on Monday, citing people familiar with the matter.Bank of America is expected to seek regulatory approval early next year, the report added, and is also planning to su...Read More

China's domestic rebar prices dropped on Monday November 1 after the release of a lower steel industry purchasing managers' index.DomesticEastern China (Shanghai): 5,120-5,150 yuan ($799-804) per tonne, down by 100 yuan per tonneThe PMI for the steel industry was 38.3 points in October, down by 6.7 points from September, according to the China Federation of Logistics & Purchasing's Steel Logistic...Read More

(Recasts, adds details, updates prices)Nov 1 (Reuters) - Euro zone bond yields extended their surge on Monday as money markets largely held onto their rate hike bets from the European Central Bank next year.At the ECB's policy meeting last week, president Christine Lagarde disappointed expectations of a firm pushback against the recent pricing of two ECB rate hikes next year that are at odds with...Read More

Import prices for rebar in Singapore increased during the week to Monday November 1 amid limited supply, with only the Middle East offering material which was deemed the lowest by local buyers.Middle Eastern rebar was offered at $760 per tonne cfr on a theoretical weight basis to Singapore in the past week, although there was limited demand."The price is still a little high and there's no point ru...Read More

DUBLIN, Nov 1 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said Ireland will remain one of the best places in the world for multinational companies to invest in, even after Dublin gave up its prized 12.5% corporate tax rate as part of a global overhaul.Yellen led the charge towards achieving a global minimum corporate tax rate of 15% - endorsed by the leaders of the world's 20 bigges...Read More

Nov 1 (Reuters) - Canada's main stock index rose on Monday, aided by an over 1% jump in energy stocks on the back of higher crude prices, while upbeat results by Cargojet Inc further lifted prospects of strong corporate earnings.At 9:32 a.m. ET (13:32 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 109.11 points, or 0.52%, at 21,146.18.Reporting by Amal S in Bengaluru; Editing by...Read More

BEIJING, Nov 1 (Reuters) - China's search engine giant Baidu said on Monday that it named Luo Rong, former chief financial officer (CFO) of tutoring firm TAL Education Group, (TAL.N) as its new CFO.Baidu's former CFO Herman Yu was appointed as the company's chief strategy officer, the Beijing-based company said in August.Reporting by Yingzhi Yang and Brenda Goh, Editing by Louise Heavens Discla...Read More

Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More

LONDON, Nov 1 (Reuters) - Britain gave France 48 hours on Monday to back down in a fishing row that threatens to spiral into a wider trade dispute between two of Europe's biggest economies or face tortuous legal action under the Brexit trade deal.Post-Brexit bickering over fish culminated last Wednesday in the French seizure of a British scallop dredger, the Cornelis Gert Jan, in French waters...Read More