Turkish billet prices feel in the week ended November 4 in line with lower imported scrap costs and poor demand, market participants told Fastmarkets.Suppliers in the Commonwealth of Independent States (CIS) have lowered their offers to $700-705 per tonne cfr, compared with $725-730 per tonne last week.However, the buyers bid only $660-670 per tonne for CIS-origin billet. A steel mill in the Isken...Read More

Nov 4 (Reuters) - London's FTSE 100 rallied on Thursday as the pound plunged following the Bank of England's decision to defy markets by leaving rates unchanged, while heavyweight energy stocks tracked crude prices higher.The pound weakened 1.33% after BoE's decision, boosting the FTSE 100 index and dollar earning companies. read moreThe export-oriented FTSE 100 index (.FTSE), which was flat bef...Read More

WASHINGTON, Nov 4 (Reuters) - Jared Kushner’s global investment firm, Affinity Partners, plans to add two senior partners and is seeking to raise several billion dollars as it begins to ramp up its activities, a person familiar with the plan said on Thursday.Kushner, who was a top adviser to former President Donald Trump but has stepped away from politics for the time being, is expected to b...Read More

Although precious metals are still relatively under-owned and unloved, retail investors have been pouring into the metals markets since early last year.Lots of newer investors have high hopes about where prices are headed in the near term. Even seasoned metals investors are optimistic about the current set-up for higher prices.The difference is that seasoned investors also know they may not get wh...Read More

NEW YORK, Nov 4 (Reuters) - Preparatory discussions on a possible IMF financing program for Lebanon have started, the International Monetary Fund said on Thursday."Preparatory technical discussions have started," said IMF spokesman Gerry Rice in a scheduled press conference."Clearly, strong policies and reforms are needed to address the really unprecedented economic and social crisis facing Lebano...Read More

As a new month begins, the downtrendin the GDX and GDXJ should resume. When will a new buying opportunity finallypresent itself?Let’s compare the behavior of the GDX ETFand the GDXJ ETF. Regarding the former, the GDX ETF reversed sharply afterreaching its 200-day moving average and a confluence of bearish indicatorssignaled a similar outcome. For context, I wrote on Oct. 25:Smallbreakout mir...Read More

Nov 4 (Reuters) - Online broker TradeStation Group said on Thursday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1.43 billion.The company intends to use the funds raised to increase its marketing spend in a bid to acquire customers and hire employees to lead the research and development of new products.TradeStation is a financial...Read More

BRASILIA, Nov 4 (Reuters) - Brazil is set to hold its largest-ever cellular auction on Thursday, with local units of America Movil, Telefonica and Telecom Italia vying with a dozen other firms for broadcast spectrum dedicated to fifth-generation (5G) wireless technology.Telecoms regulator Anatel, which will start unsealing bids at 10 a.m. local time (1300 GMT), expects to get commitments from the...Read More

After sitting on the sidelines for much of last year, central bank appetite for gold has resumed, in part due to inflationary pressures globally along with disruptions in the energy market.Russia recently reached a milestone record for its gold reserves, now ranking fifth in the world for the size of its holdings.Russia now holds well over 20% of its reserves in gold! This represents nearly 2,300...Read More

(Updates after flows to Germany resume)LONDON, Nov 4 (Reuters) - Gas flows from Russia to Germany via the Yamal pipeline started up again on Thursday afternoon, data from the pipeline's German operator showed, sending European gas prices lower.Russian gas has not flowed to Germany via the pipeline since Saturday. Instead, supplies were being sent from Germany to Poland in a reversal that has sent...Read More

TOKYO, Nov 4 (Reuters) - Nintendo Co Ltd (7974.T) on Thursday cut its full year Switch sales forecast by 6% and said it is struggling to meet demand in the key year-end shopping season as chip shortages disrupt production of the hit device.While many companies have warned of the risks posed by the global semiconductor shortage, most have stopped short of cutting targets. Toyota Motor Corp (7203...Read More

Nov 4 (Reuters) - Alphabet Inc's (GOOGL.O) Google has invested $1 billion in CME Group (CME.O) and has struck a separate deal to move the exchange operator's trading systems to the cloud, the companies said on Thursday.Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kit...Read More

Nov 4 (Reuters) - Tesla Inc (TSLA.O) and Hertz Global Holdings Inc (HTZZ.PK) are working out how quickly the rental car company can receive deliveries from its large order of Tesla's electric cars, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Tesla and Hertz did not immediately respond to Reuters' requests for comment.Last week, Hertz said it placed an...Read More

Nov 4 (Reuters) - Metro Bank (MTRO.L) said it has received a takeover approach from U.S. private equity firm Carlyle (CG.O), sending its battered shares by as much as 31% higher, in a sign of growing interest in Britain's mid-sized banks.Metro Bank, which had a market capitalisation of 178 million pounds ($242 million) at Wednesday's closing price, said it was engaging with Carlyle.But it added...Read More

LONDON, Nov 4 (Reuters) - The Bank of England kept interest rates on hold on Thursday, dashing investors' expectations for a hike that would have made it the first of the world's big central banks to raise rates after the COVID-19 pandemic.The BoE kept alive the prospect of tighter monetary policy soon, saying it would probably have to raise Bank Rate from its all-time low of 0.1% "over coming mon...Read More

Nov 4 (Reuters) - Cigna Corp (CI.N) reported better-than-expected third-quarter profit on Thursday and modestly raised its full-year adjusted profit forecast, on the back of growth in its health services unit that includes the pharmacy benefits management business.Cigna's health services unit, rebranded to Evernorth last September, has been driving growth amid volatile medical costs at its healt...Read More

(Adds quote, PMI readings, updates prices)LONDON, Nov 4 (Reuters) - Long-dated euro zone bond yields edged higher on Thursday with the market predicting that the Bank of England will be the first major central bank to hike rates since the onset of the COVID-19 crisis when it meets later in the day.Following the U.S. Federal Reserve&'s announcement overnight that it would taper its bond purchases,...Read More

BENGALURU/LONDON (Reuters) - Euro zone business growth slipped to a six-month low in October as supply chain bottlenecks and logistical issues related to the COVID-19 pandemic pushed input prices to rise at the fastest rate in over two decades, a survey showed.Government restrictions are being lifted in the currency bloc but shortages of raw materials in the manufacturing sector are impacting grow...Read More

SHENZHEN, China/HONG KONG (Reuters) -Chinese property developer Kaisa Group Holdings Ltd said on Thursday its finance unit had missed a payment on a wealth management product (WMP), adding to worries about a cash crunch at the debt-strapped company.Kaisa's troubles come amid concerns about a deepening liquidity crisis in the Chinese property sector, with a string of offshore debt defaults, credit...Read More

(Reuters) - Electric scooter rental company Bird Rides plans to use most of the cash raised from merging with a special purpose acquisition company (SPAC) to expand to new cities and grow its business in existing markets, the company's top executive said.Bird is poised to merge with Switchback II Corp and start trading on the New York Stock Exchange on Thursday or Friday under the ticker symbol "B...Read More