Wall Street Silver, Released on 10/28/21Willem's Twitter: https://twitter.com/wmiddelkoop?EUR
Mining.com, Released on 10/28/21Gold demand fell 7% year-on-year to 831 tonnes globally during Q3 2021, according to Continue... Global gold demand declines 7% in Q3 added by Herman James on 10/28/2021View all posts by Herman James ?+'Read More
RIYADH (Reuters) - U.S.-based energy investor EIG has been shortlisted as a potential buyer of Saudi Aramco's gas pipelines, part of a sale that could exceed $17 billion and is likely to be completed later this year, three sources familiar with the matter said.Aramco is looking to sell a significant minority stake in its gas pipelines, other sources have previously said.In addition to EIG, private...Read More
WASHINGTON (Reuters) - The U.S. economy grew at its slowest pace in more than a year in the third quarter as a resurgence in COVID-19 cases further stretched global supply chains, leading to shortages of goods like automobiles that slammed the brakes on consumer spending.The weaker-than-expected growth reported by the Commerce Department on Thursday also reflected decreasing pandemic relief money...Read More
The price assessment for imported billet into Egypt decreased in the week to Thursday October 27, but local rebar prices widened upward on higher offers, sources told Fastmarkets.Local rebar producers increased their prices, effectiveOctober 20.Current offer prices for rebar range from E ?14,900 to15,350 ($946-975) per tonne ex-works including 14% VAT.Demand failed to improve in the country, howev...Read More
SAN FRANCISCO, Oct 28 (Reuters) - Rental car company Hertz (HTZZ.PK) said on Thursday it could expand plans to supply Tesla (TSLA.O) vehicles to Uber (UBER.N) to 150,000 during the next three years from an initial fleet of 50,000, if the partnership is successful.But Hertz added a chip shortage and other constraints could affect the plan.Hertz earlier this week said it would order 100,000 Te...Read More
(Updates throughout, adds quote, context)LONDON, Oct 28 (Reuters) - Sterling firmed on Thursday against the dollar, which lost ground after data showed weak economic expansion in the third quarter, though it slipped versus the euro following an ECB meeting which failed to dissipate bets on a 2022 rate hike.The pound has been buffeted of late by speculation over whether the Bank of England would pr...Read More
COPENHAGEN, Oct 28 (Reuters) - The current spike in energy prices was not prompted by problems with the green transition, the director of the International Energy Agency (IEA) Fatih Birol said on Thursday."Some people are trying to portray the current high energy prices as the first crisis of the clean energy transition. This is completely wrong," Birol said at a conference in Copenhagen.He warned...Read More
Oct 28 (Reuters) - Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years.Microsoft said it will provide scholarships or assistance to about 25,000 students and will provide training for new and existing teachers at 150 community colleges across the country. The company also said that...Read More
MILAN, Oct 28 (Reuters) - Weak quarterly results and mixed 2022 guidance overshadowed a new business plan from Saipem (SPMI.MI) on Thursday, sending shares in the Italian energy services group down more than 8%.In the first strategy plan under CEO Francesco Caio, Saipem said it expected to start growing again next year as its offshore business and drilling bounce back from the pandemic, with cor...Read More
BRUSSELS, Oct 28 (Reuters) - The European Union's top diplomat said on Thursday that Moldova was a victim of Russia's efforts to use natural gas to bully its smaller neighbour, although he did not provide details.Moldova's gas contract with Russia's Gazprom (GAZP.MM) expired at the end of September, and the two have failed to agree on a new price, with Chisinau balking at Gazprom's proposal to d...Read More
JERUSALEM, Oct 28 (Reuters) - Check Point Software Technologies (CHKP.O) beat estimates with a slight gain in third-quarter net profit and raised its 2021 estimates amid rapid growth in its consolidated cyber security platform and cloud protection products.Israel-based Check Point on Thursday said it earned $1.65 per diluted share excluding one-off items in the three-months ending Sept. 30, up f...Read More
LE HAVRE, France, Oct 28 (Reuters) - Britain on Thursday condemned France's seizure of a British fishing boat in French waters and warned Paris against further retaliation in a rapidly deteriorating row over post-Brexit fishing rights.French Seas Minister Annick Girardin said the vessel was detained during checks off the northern port of Le Havre overnight as it was not allowed to fish in French t...Read More
MILAN (Reuters) - UniCredit raised its 2021 profit and revenue goals on Thursday, strengthening the hand of its new CEO after he walked out of talks to buy troubled rival Monte dei Paschi (MPS).Italy's only bank that regulators deem of global systemic relevance, UniCredit last year lost its domestic leadership to Intesa Sanpaolo, which snapped up rival UBI to secure a fifth of the market - twice t...Read More
LONDON, Oct 28 (Reuters) - Dogecoin, watch out!Meme-based cryptocurrency shiba inu soared more than 45% over the last 24 hours, muscling its way into the top ten largest digital tokens by market capitalisation.Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use.Yet it's price has rocketed around 190% in the last seven day...Read More
Oct 28 (Reuters) - Mastercard Inc (MA.N) reported better-than-expected profit for the fourth consecutive quarter on Thursday, as easing of pandemic-era restrictions drove a healthy recovery in cross-border spending and lifted domestic spending.Shares were up nearly 3% at $345 in premarket trading.After more than a year of staying homebound, customers have started venturing out for travel, dining...Read More
Oct 28 (Reuters) - Second-hand clothing firms are fighting to snap up smaller rivals and lock in investment as demand for thriftwear booms on the back of supply chain snarl-ups for traditional retailers ahead of the peak holiday shopping period.Newly listed companies such as Poshmark Inc (POSH.O) and ThredUp Inc (TDUP.O) are starting to scoop up smaller firms to fend off competition from deep-...Read More
LONDON (Reuters) -Higher inflation and rising taxation to fund growing demand for healthcare and other public services will cause living standards in Britain to barely rise over the coming year, the Institute for Fiscal Studies think tank said on Thursday.The IFS - whose views on economic policy are closely watched in Britain - said Wednesday's budget statement here from finance minister Rishi S...Read More
BEIJING, Oct 28 (Reuters) - Banks should maintain the stable and orderly issuance of property loans, the Beijing office of China's central bank said on Thursday, adding that lenders should have an accurate understanding of the financing policy to the property sector.The People's Bank of Beijing branch made the above comments after the conclusion of a meeting focused on credit supply in the Chinese...Read More
LONDON (Reuters) -The Bank of England said on Thursday it will crack down on banks and insurers that fail to hold enough capital to cover risks from climate-change from next year, as it studies whether bespoke safety buffers are needed.Climate-related financial risks are partially captured by current frameworks, but there are gaps, the BoE said in a report on adaption to climate change that marks...Read More