OTTAWA, Oct 21 (Reuters) - Canada will not extend existing broad-based COVID-19 support programs for companies and individuals when they expire on Saturday because the economy is recovering well, Finance Minister Chrystia Freeland said on Thursday.Instead, Ottawa will introduce more targeted and less expensive measures to help particularly hard-hit sectors such as the tourism industry.These new pr...Read More
Domestic hot-rolled coil prices across Europe edged down on Thursday October 21 on reduced end-user demand, and trading activity remained limited, sources told Fastmarkets. The ongoing global shortage of semiconductors has caused automakers in Europe to reduce output and, consequently, to cut flat-steel purchases, market sources said.Moreover, market participants have suggested that some major aut...Read More
* Lagarde had set out to woo dissenters* Team spirit now broken: ING's Brzeski* Scene set for disagreement on inflationFRANKFURT, Oct 21 (Reuters) - Jens Weidmann's departure from the European Central Bank is the most tangible sign yet that ECB President Christine Lagarde's efforts to win over dissenting policymakers have hit a dead end and sets the scene for fresh frictions.The Bundesbank preside...Read More
Oct 21 (Reuters) - Blackstone Group Inc (BX.N), the world's biggest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings more than doubled in the third quarter to an all-time high.Blackstone and other private equity firms have capitalized on low interest rates and the economic recovery from the COVID-19 pandemic to sell many of their as...Read More
Spot trading for hot-rolled coil in China stagnated in the afternoon of Thursday October 21 after the continued tumble in futures prices kept market participants cautious.DomesticEastern China (Shanghai): 5,710-5,750 yuan ($892-898) per tonne, narrowing by 10-30 yuan per tonneSpot HRC was traded at 5,710-5,750 yuan per tonne in Shanghai on Thursday morning, when the most-traded HRC contract on the...Read More
Oct 21 (Reuters) - Tesla Inc (TSLA.O) wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near its U.S. factories.The world's two biggest economies have yet to resolve disputes over tariffs, intellectual property rights and Chinese incursions into Taiwan's...Read More
HONG KONG/SHANGHAI, Oct 21 (Reuters) - China Evergrande Group (3333.HK) has secured more time to pay a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer even as a debt crisis in the broader property sector deepened with more defaults.News of the three month-plus extension came a day after Evergrande scrapped a deal to sell a 50.1% stake, worth $...Read More
Egypt's prices for imported billet and domestic reinforcing bar increased in the week to Thursday October 21, with demand also picking up from previous weeks, sources told Fastmarkets.Local rebar producers increased their prices effective October 20.Buying increased after the price hikes were announced because buyers believed prices could rise further, traders said.On the other hand, the Advanced...Read More
Oct 21 (Reuters) - Facebook Inc's (FB.O) independent oversight board demanded more transparency from the social media giant on Thursday, saying the company was not "fully forthcoming" on how it deals with certain high-profile user accounts.The comments follow a Wall Street Journal report last month that said millions of Facebook accounts belonging to celebrities, politicians and other high-profi...Read More
Stansberry Research, Released on 10/21/21Soon the Federal Reserve will manufacture a central bank digital currency that will be internationally sanctioned, different than Bitcoin and private cryptos, says G. Edward Griffin, author of Creature from Jekyll Island and founder of the Red Pill University.The Federal Reserve has become so powerful over the years that its originally intended roles have c...Read More
ITM Trading, Released on 10/21/21To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/worse...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker an...Read More
Trends Research, Released on 10/21/21Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, r...Read More
Macro Voices, Released on 10/21/21MacroVoices Erik Townsend and Patrick Ceresna welcome Forest For The Trees (FFTT) founder Luke Gromen to the show. They discuss the U.S. Dollar, inflation, what the consequences of inflation will be, and much more.Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 20...Read More
The Megyn Kelly Show, Released on 10/20/21A Deep State deep dive, with Glenn Greenwald...Glenn Greenwald is a journalist, constitutional lawyer, and author of four New York Times best-selling books on politics and law. His most recent book, "No Place to Hide," is about the U.S. surveillance state and his experiences reporting on the Snowden documents around the world. Glenn co-founded The Intercep...Read More
MOSCOW, Oct 21 (Reuters) - Moscow will reintroduce COVID-19 lockdown measures from Oct. 28, Mayor Sergei Sobyanin said on Thursday, with supermarkets and pharmacies the only shops allowed to stay open in an effort to cut soaring infections and deaths.The decision came a day after President Vladimir Putin approved a nationwide week-long workplace shutdown from Oct. 30 to Nov. 7 and said regional le...Read More
Hedgeye, Released on 10/21/21 (Recorded on 10/5/21)***This webcast aired live on Tuesday October 5 2021***Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international inv...Read More
RT, Released on 10/21/21In this episode of Keiser Report, Max and Stacy ask, "are you prepared?" For the sudden repricing of everything, including risk and money. In the second half, Max continues his chat with Nick Giambruno. They turn to chip shortages and commodity prices. Nick Giambruno is Doug Casey's globetrotting colleague. He's also the Chief Analyst of Casey Research's flagship advisory,...Read More
Oct 21 (Reuters) - Canada's commodity-heavy main stock index retreated from a record high on Thursday, weighed by weakness in miners and energy stocks, while dismal corporate earnings from Rogers Communications further dented sentiment.At 9:31 a.m. ET (13:31 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 60.11 points, or 0.28%, at 21,128.08.Reporting by Amal S in Bengaluru; Ed...Read More
Valuetainment Economics, Released on 10/21/21Economist Danielle DiMartino Booth sits down with Dennis McGill. He is the Director of Research at Zelman & Associates, responsible for the development and oversight of the firm's macro research and sector coverage of the apartment, building products, homebuilding, home center, mortgage and single-family rental industries.Dennis is a principal and the D...Read More
Liberty and Finance, Released on 10/20/21When silver moves, it can move fast. Chris Vermeulen is heavily weighted in silver and believes it could move to $80+. He explains there is some major technical work silver must do first. By the end of the year, he expects a signal showing gold and silver are ready for the next leg up.0:00 Intro0:56 Silver update6:56 Gold update8:12 USD Index9:51 Stock mark...Read More