The explorer's extensive drilling at its Troilus project has resulted in "mineral continuity and [a] new, structurally focused geological model," noted a Laurentian Bank Securities report. In an Oct. 19 research note, Laurentian Bank Securities analyst Jacques Wortman reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQX) further extended the Southwest zone mineralization at its Troilus project,...Read More
WASHINGTON (Reuters) - U.S. Vice President Kamala Harris and Labor Secretary Marty Walsh on Wednesday will announce measures aimed at making it easier for unions to organize the country's more than 2 million federal workers.The moves will include directing federal agencies to inform job applicants and new employees about unions during the hiring and onboarding process. Unions will also be allowed...Read More
MILAN (Reuters) - Italy's Falck family of industrial magnates will receive 1.5 billion euros ($1.8 billion) from the sale of its controlling stake in Falck Renewables to a JPMorgan-owned infrastructure fund, the company said on Wednesday.The Falcks, who built their fortune in steel over the last century before switching to renewables in the late 1990s, are selling due to the investments and know-h...Read More
Oct 20 (Reuters) - Futures for Canada's main stock index edged higher on Wednesday, boosted by stronger gold prices, while investors awaited inflation data later in the day for cues on the domestic economy.December futures on the SP/TSX index were up 0.1% at 7:00 a.m. ET.Spot gold gained 0.5% buoyed by a softer dollar, while oil prices dropped after the Chinese government stepped up efforts to tam...Read More
ISTANBUL (Reuters) - President Tayyip Erdogan has wheeled a trolley around one of the new grocery stores he hopes will bring Turkey's "exorbitant" prices under control, but his unorthodox effort to combat inflation is failing to impress shoppers and retailers.Accompanied by his wife and daughter, Erdogan went shopping near his Istanbul home earlier this month, telling assembled media that the expa...Read More
NEW YORK (Reuters) - Cboe Global Markets said on Wednesday it was buying Eris Digital Holdings (ErisX), a spot and derivatives exchange for digital assets, as the exchange operator seeks to become a major player in the cryptocurrency industry.ErisX, which also runs a regulated clearing house, will be renamed Cboe Digital.Terms of the deal were not disclosed. It is expected to close in the first ha...Read More
The price of steel hollow sections in Europe moved downward in the week to Wednesday October 20, due to recent imports and falling feedstock costs, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,230-1,275 ($1,432-1,484) per tonne on October 20, down from ?,?1,275-1,330 per tonne on October 13.Domestic hollow se...Read More
“Gold going nowhere” seems to be a reasonable description of recent price action in the metals markets.Below is a daily chart of GLD for the past year… The price variation from the mid-point (170) of the price range (160-180) is only about 5 1/2 percent – either up or down.For those expecting bigger things, this might trigger some impatience. It might also be disappointin...Read More
(Reuters) -Biogen Inc raised its full-year profit and revenue forecasts on Wednesday, while reporting a big miss on quarterly sales of its Alzheimer's disease drug as its use stalls amid uncertainty of insurer coverage.The forecast assumes minimal revenue from the treatment, Aduhelm, this year, the company said, with a ramp-up expected once there is clarity on reimbursement from Medicare, the U.S....Read More
Oct 20 (Reuters) - The Bill & Melinda Gates Foundation said on Wednesday it would spend up to $120 million to kick-start development of generic versions of Merck & Co's (MRK.N) oral COVID-19 treatment to help ensure lower-income countries have equal access to the drug.The aim is to reduce the gap between when wealthy countries have access to the antiviral medicine, molnupiravir, and when the res...Read More
* Credit Suisse fined over corrupt Mozambique loans* Swiss regulator said spying more widespread than thought* Scandals reignite Swiss push for banking reformZURICH/FRANKFURT, Oct 20 (Reuters) - Credit Suisse misled authorities over spying on its staff and lied to investors about a corrupt loan to Mozambique, regulators said, painting a bleak picture of the cultural decay at the global bank.The he...Read More
What’s the price level exit for theblack gold?The new front month contract (as weswitched now to Dec’21) for WTI Crude Oil futures closed the week at $82 perbarrel on Friday (Oct. 15th).Fundamentally, nothing seems to be able to stop, in the short term, the surge incrude oil prices which continued to rise on Friday amid concerns over supply,since the WTI hit a new high in almost seven...Read More
LONDON (Reuters) -Nearly half of the 100 biggest companies listed on Britain's FTSE Index have no net-zero target at all and just 23 have a scientifically approved plan, according to ESG investment research and asset manager Arabesque.Britain wants to reduce greenhouse gas emissions from the economy to net-zero by 2050 while Prime Minister Boris Johnson has expressed enthusiasm for leading a green...Read More
LONDON (Reuters) - Britain looks set to become the first big economy to undergo a two-pronged withdrawal of COVID-19 stimulus as finance minister Rishi Sunak sets out tighter budget plans next week and the Bank of England prepares to raise interest rates.The British economy has rebounded more quickly than expected this year after suffering a nearly 10% crash in 2020.But many analysts think the rec...Read More
FRANKFURT (Reuters) - Bundesbank chief Jens Weidmann, who on Wednesday announced his decision to stand down more than five years early, led a decade-long fight inside the European Central Bank against the easy-money policies espoused by successive ECB presidents.Back in 2012, the German central bank chief was the lone dissenter when the ECB unveiled plans to help countries in distress after the gl...Read More
A summary of BHP's operational review for iron ore and metallurgical coal for the quarter ended September 30, 2021, as released on Tuesday October 19.In brief Total production of iron ore for the three months ended September 30 was 63.3 million tonnes (70.6 million tonnes on 100 % basis), down by 4% year on year.Iron ore production was down by 3% quarter on quarter over July-September. The dip in...Read More
BEIJING (Reuters) -China's new home prices stalled for the first time since February 2020 in September, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment.The average new home price in 70 major Chinese cities was unchanged in September month-on-month, compared with 0.2% growth in August, according to Reuters calculations bas...Read More
ROME (Reuters) - Italy plans to set aside at least 8 billion euros for tax cuts ($9.33 billion) in its 2022 budget and to spend another 1 billion to reduce household energy bills, two political sources said.To help boost the country's chronically weak economic growth, the government wants to reduce the so-called tax wedge, the difference between the salary an employer pays and what a worker takes...Read More
A summary of Brazilian miner Vale's iron ore results for the third quarter of 2021, as stated in its latest production and sales report published on Tuesday October 19.In brief?EUR? Vale produced 89.4 million tonnes of iron ore fines in July-September, up by 0.8% year on year and 18.1% higher compared with April-June. ?EUR? It attributed the increases to high production at its Serra Norte and S11D...Read More
Oct 20 (Reuters) - Australian shares rose on Wednesday asmetal-centric stocks jumped on firm commodity prices, whileglobal miner BHP hit a one-month high after topping billionaireAndrew Forrest's bid for nickel miner Noront Resources.The S&P/ASX 200 index rose about 1% to 7,447.3 by0022 GMT.Miners were the biggest boosts on the local bourse,climbing 1.6%, after benchmark iron ore prices recove...Read More