Armstrong Economics, Released on 10/29/21Leaked White House audio shows that the Department of Justice (DoJ) understands that religious Americans may feel morally opposed to the vaccine as it Continue... Leaked Audio: The DoJ Knows it Must Acknowledge Religious Exemptions added by Herman James on 10/29/2021View all posts by Herman James ?+'Read More
Insider Paper, Released on 10/28/21"Without mandates of lockdowns, COVID-19 cases in Florida have decreased 90% since August, said Governor Ron DeSantis. "In addition to cases, hospitalizations have plummeted in our stateContinue... DeSantis: Florida now has one of the lowest Covid case rates in USA... added by Herman James on 10/29/2021View all posts by Herman James ?+'Read More
The Daily Gold, Released on 10/29/21The question is if this rebound can extend if it will pause or, will the sector start giving back some of the gains?Continue... Key Gold Charts to Watch Right Now added by Herman James on 10/29/2021View all posts by Herman James ?+'Read More
Indian domestic secondary billet prices increased slightly by end of the week to Friday October 29 on renewed buying interest and rising raw material prices.Fastmarkets' price assessment for steel billet domestic, ex-works India was at 46,500-46,700 rupees ($620.03-622.70) per tonne on Friday, up by 200 rupees compared with the previous week's assessment of 46,300-46,500 rupees per tonne ex-works....Read More
Oct 29 (Reuters) - Shares of Meta Platforms Inc (FB.O) rose marginally in premarket trading on Friday after social media giant Facebook rebranded itself to build the "metaverse", a shared virtual environment.Chief Executive Officer Mark Zuckerberg said on Thursday the new name reflects the company's work invested in the metaverse, rather than its namesake social media service, which will continu...Read More
The iron ore seaborne market supply might lose 40 million tonnes in 2022 compared with 2021, the ferrous director at Brazilian mining company Vale, Marcello Spinelli, said on Friday October 29.This reduction follows from a trend that began this year of important iron ore suppliers - including Brazil, India and the Commonwealth of Independent States - focusing more on their domestic marke...Read More
(Reuters) -Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd in a deal valued at about 6.8 billion yuan ($1.06 billion), including debt, sending its shares up 22% before the bell.Shares of New York-listed Best were set to open at $2.58, their highest level since February. They have risen 3.4% this year.Best said the sale does not inc...Read More
Oct 29 (Reuters) - Exxon Mobil (XOM.N) on Friday pledged to revive a share repurchase program next year as its earnings outlook improved on quarterly results that topped analysts' estimates.The largest U.S. oil producer posted an adjusted profit of $1.58 a share, beating the Refinitiv estimate by two cents, with results lifted by oil and gas prices that have more than doubled in the past year.Th...Read More
OSLO, Oct 29 (Reuters) - Equinor plans to invest 25-35 billion Norwegian crowns ($3-$4.2 billion) to develop the so-called NOAKA oil and gas fields with partners in the North Sea, it said on Friday.The NOAKA (North of Alvheim Krafla Askja) project is set to come on stream in 2027 and would become the largest oil and gas development off the coast of Norway since 2019, when Equinor's giant Johan Sve...Read More
Oct 29 (Reuters) - Real estate services company Cushman & Wakefield said on Friday it had invested $150 million in newly listed office sharing firm WeWork Inc. (Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accura...Read More
Indian domestic secondary billet prices increased slightly by end of the week to Friday October 29 on renewed buying interest and rising raw material prices.Fastmarkets' price assessment for steel billet domestic, ex-works India was at 46,500-46,700 rupees ($620.03-622.70) per tonne on Friday, up by 200 rupees compared with the previous week's assessment of 46,300-46,500 rupees per tonne ex-works....Read More
LONDON, Oct 29 (Reuters) - England and Wales have seen a surge in company directors winding up businesses that are unable to pay their debts, taking so-called voluntary liquidations to their highest level since 2009 in the depths of the global financial crisis.Total company insolvencies in England and Wales jumped in the three months to the end of September to their highest since the start of the...Read More
The price of UK inter-merchant light-iron steel scrap narrowed on Friday October 29 with the domestic and export markets remaining strong, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?185-195 ($255-268) per tonne on Friday, narrowing from ?175-195 per tonne the week before."It's quite busy. There is a lot...Read More
Indian domestic secondary billet prices increased slightly by end of the week to Friday October 29 on renewed buying interest and rising raw material prices.Fastmarkets' price assessment for steel billet domestic, ex-works India was at 46,500-46,700 rupees ($620.03-622.70) per tonne on Friday, up by 200 rupees compared with the previous week's assessment of 46,300-46,500 rupees per tonne ex-works....Read More
MOSCOW, Oct 29 (Reuters) - Two key Russian shareholders of Croatian food producer and retailer Fortenova Grupa, formerly known as Agrokor, have started consulting investment banks about taking the company public in the next 2-3 years, two sources said.Fortenova, one of the biggest companies in southeastern Europe, was saved from bankruptcy in a restructuring deal with local and foreign creditors i...Read More
(Updates prices and adds details)SHANGHAI, Oct 29 (Reuters) - China's yuan gave up earlier gains and ended domestic trading at a near two-week low against dollar on Friday, as major state-owned banks bought the greenback.The onshore yuan opened at 6.3918 per dollar and finished the domestic session at 6.4009, 91 pips weaker than previous late night session, the softest such close since Oct. 18.Sta...Read More
Import steel billet prices into China fell again toward the end of the week, hampered by continued power shortages and efforts by traders to re-route cargoes sold to that country.Chinese trading companies have tried to divert their position billet cargoes into Southeast Asian markets during the week, a behavior that started with panic over falling prices setting in the prior week. Most of these ca...Read More
TOKYO (Reuters) -Tokyo Kikai Seisakusho Ltd on Friday won a major court victory in its quest to use a poison pill defence against its biggest shareholder - a closely watched ruling that could make certain kinds of hostile bids in Japan far more difficult.The Tokyo District Court rejected a request for an interim injunction from Asia Development Capital (ADC), saying that the investment firm's shar...Read More
LISBON, Oct 29 (Reuters) - Portugal's economy expanded 2.9% in the third quarter compared with the previous three months as the easing of most coronavirus rules allowed more businesses to reopen and spurred exports, data from the National Institute of Statistics (INE) showed on Friday.INE said that between July and September the country's tourism-dependent economy grew by 4.2% from a year earlier....Read More
Oil prices rose again on Tuesday,approaching multi-year highs amid concerns over steadily shrinking US crudereserves.FundamentalAnalysis U.S. API Weekly Crude Oil Stock: Inventory levels of US crude oil, gasoline and distillates stocks, AmericanPetroleum Institute (API) via InvestingRegarding the API figures publishedTuesday, the increase in crude inventories (with 2.318 million barrels versus1.65...Read More