* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, Nov 2 (Reuters) - The pound edged lower on Tuesday, hovering around a three-week low, pressured by uncertainty whether the Bank of England will raise interest rates this week.Sterling rose to a 20-month high versus the euro in late October amid expectations for a BoE i...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly weaker on the morning of Tuesday November 2, with concerns about headwinds affecting the Chinese economy denting sentiment. A 9.9% price drop in the January iron ore futures contract on the Dalian Commodity Exchange is weighing on sentiment. Iron ore prices were recently at 567 yuan ($89) per tonne, down fro...Read More
* Gained ground on U.S. crop concerns* Soybean futures upon sluggish harvest progress (Adds closing prices, updates headline)CHICAGO, Nov 2 (Reuters) - Chicago wheat futures eased on Tuesday after rising to their highest level in almost nine years, as the declining condition of the U.S. winter crop raised worries over global supply at a time of tight stocks and strong international demand.U.S. whe...Read More
Oct 27 (Reuters) - (This Oct. 27 story corrects paragraph 4 to reflect that SK Hynix originally joined the program in 2020)Apple Inc (AAPL.O) said on Wednesday that 175 of its suppliers have now committed to use clean energy for the work they do for the iPhone maker, helping to bring more than 9 gigawatts of clean energy onto power grids.The new round of suppliers - which is an increase from the...Read More
Nov 2 (Reuters) - Microsoft Corp (MSFT.O) on Tuesday announced a new round of technologies aimed at making its cloud computing services work in data centers it does not own - including the cloud data centers of its rivals.The strategy, Microsoft executives and analysts say, has been key to the company's rise in the cloud computing infrastructure market, which research firm Gartner estimates hit...Read More
China's Ganfeng Lithium and its subsidiary GFL International will supply United States-based automaker Tesla with battery-grade lithium hydroxide for three years, Ganfeng announced on November 1.The contract will run from January 1, 2022 until December 31, 2024, Ganfeng announced in a filing on the Shenzhen Stock Exchange.Purchase quantities and sales are not fixed and will be subject to Tesla's.....Read More
Nov 2 (Reuters) - Facebook Inc (FB.O) announced on Tuesday it is shutting down its facial recognition system which automatically identifies users in photos and videos, citing growing societal concerns about the use of such technology."Regulators are still in the process of providing a clear set of rules governing its use," said Jerome Pesenti, vice president of artificial intelligence at Faceboo...Read More
Junior miner Lithium Americas has proposed a $400 million takeover for Argentina-based producer Millennial Lithium, outbidding China's battery maker Contemporary Amperex Technology (CATL).Millennial Lithium announced the new takeover offer from Lithium Americas on November 1.The Lithium Americas offer is a "Superior Proposal" to the one worth $304 million received by CATL in September, Millen...Read More
GLASGOW, Nov 2 (Reuters) - More than 100 global leaders have pledged to halt and reverse deforestation and land degradation by the end of the decade, underpinned by $19 billion in public and private funds to invest in protecting and restoring forests.The promise, made in a joint statement issued late on Monday at the COP26 climate talks in Glasgow, was backed by the leaders of countries includin...Read More
Share this article WINNEMUCCA - Paramount Gold Nevada Corp. [PZG-NYSE American] reported assay results from 44 new surface samples collected by the company primarily from silicic outcrops at its recently acquired Bald Peak Project in Mineral County, Nevada. The samples averaged 2.62 g/t gold and 4.2 g/t silver, with more than half assaying above 2 g/t gold and running as high as 10.85 g/t gold.Pa...Read More
Nov 2 (Reuters) - More than 140,000 drivers are getting $60 million in tips that were illegally withheld by Amazon (AMZN.O) between 2016 and 2019, the Federal Trade Commission said on Tuesday.Earlier this year, the agency sued the tech giant and its subsidiary, Amazon Logistics, alleging the company failed to fully pay tips that drivers in its Amazon Flex program had earned.Amazon Flex drivers d...Read More
(Updates Nov. 1 story with additional CEO comment in paragraphs 5-6)Nov 1 (Reuters) - One of the largest U.S. diesel retailers is assembling a fuels trading, processing and distribution powerhouse that could turn a truck stop operator part-owned by billionaire Warren Buffett into the Walmart of petroleum.Known best for its Pilot Flying J service stations, Pilot Company has hired veteran energy tra...Read More
WASHINGTON, Nov 2 (Reuters) - The U.S. residential rental vacancy rate dropped further in the third quarter as the economy continued to normalize after severe disruptions caused by the COVID-19 pandemic, potentially indicating that high inflation could last for a while.The Commerce Department said on Tuesday that the rental vacancy rate fell to 5.8% last quarter, the lowest since the second quarte...Read More
* Climate Finance Partnership passes $500 mln target* France, Germany, Japan all invest in novel fund* EM investment a key issue at COP26 climate talks (Adds comments by BlackRock CEO Larry Fink in Glasgow)GLASGOW/BOSTON, Nov 2 (Reuters) - BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 2 that are worth another look.Eurofer has welcomed the agreement between the European Union and the United States to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas, the European steel association...Read More
We spoke with Mark Hepburn, Managing Director of Castile Resources Limited (ASX: CST) - an Australian mineral exploration company that controls the Rover Mineral Field property, in the Northern Territory. Rover is a polymetallic deposit, with gold and copper, as the key minerals and the key drivers of projected revenue, with byproduct credits from a coal washing, industrial mineral, magnetite, as...Read More
WASHINGTON, Nov 2 (Reuters) - The Federal Aviation Administration said Tuesday it had issued a special information bulletin alerting manufacturers, operators and pilots that action may be needed to address potential interference with sensitive aircraft electronics caused by new 5G telecommunications technology.The FAA has been in discussion with the Federal Communications Commissions about its air...Read More
We spoke with Ingrid Hibbard, President and CEO of Pelangio Exploration Inc. (TSXV: PX; OTC PINK: PGXPF), a gold exploration company, focused on Ghana, West Africa, and Canada. Pelangio announced recently that it has entered into an earn-in agreement, with First Mining Gold Corp. and Gold Canyon Resources Inc., a wholly owned subsidiary of First Mining, on Pelangio's Birch Lake Project, which is a...Read More
WASHINGTON, Nov 2 (Reuters) - Tesla Inc is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of the emergency brakes, the National Highway Traffic Safety Administration (NHTSA) said Tuesday.The California automaker said the recall of 11,704 Model S, X, 3 and Y vehicles was prompted after a soft...Read More
Russian steel mills have received a glut of orders for November deliveries of flat steel products, with active buying interest among stockists pushing up prices for hot-rolled steel in the country's Central Federal District around Moscow in the week to Monday November 1, sources have told Fastmarkets.The approaching expiry of the temporary export duty of $115 per tonne on hot-rolled (HR) sheet and...Read More