Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - SSR Mining (NASDAQ: SSRM)(TSX: SSRM) today reported that in Q3 2021, the company produced 186,941 goldequivalent ounces (GEO), an increase of 74% over Q3 2020 (107,556 GEO).According to the company'sst...Read More
One thing we can take away from therecent trade in gold, silver and platinum, it sucks. The price action has beenabout as bad as it gets. The metals, although in an uptrend, have wanderedaround the mean as if they were lost.Understanding markets and how theytrade is an important asset for traders and investors. The current actioncreates frustration, impatience and bad decision-making. Traders want...Read More
LONDON, Nov 3 (Reuters) - Tesla cars from Wednesday will be available to Uber (UBER.N) drivers in London looking to buy or lease a green vehicle as part of an incentive scheme to boost electric car use, the ride-hailing app said.Since Uber introduced a clean air fee, which adds 3 pence (4 cents) to every mile of a passenger trip in London, more than 135 million pounds has been collected for driv...Read More
Mr. Raphael Gaudreault reportsARIANNE PHOSPHATE FURTHERS ITS WORK ON ADVANCED BATTERY TECHNOLOGIES Following preliminary test work, conducted in collaboration with several battery industry participants, Arianne Phosphate Inc. will now be sending out its high-purity phosphate concentrate for a more detailed analysis.This next stage of testing has been designed to meet specifications provided by a m...Read More
WASHINGTON, Nov 3 (Reuters) - U.S. Trade Representative Katherine Tai said on Wednesday that protecting consumers' rights and privacy must be a top priority in digital trade policy, and that technology companies have responsibilities in shaping the economy."It is not hyperbole to say that these companies have the power to affect the lives of people and the direction of our civilization's developme...Read More
Nov 3 (Reuters) - Discovery Inc (DISCA.O) beat Wall Street expectations for third-quarter revenue on Wednesday, driven by higher advertising and distribution revenue as the company looks ahead to its proposed merger with AT&T Inc's (T.N) WarnerMedia unit.Revenue rose about 23% to $3.15 billion in the quarter ended Sept. 30, slightly above an estimate of $3.14 billion, according to Refinitiv da...Read More
Nov 3 (Reuters) - Shale producer Chesapeake Energy Corp (CHK.O) on Wednesday said it was increasing its 2021 total oil production forecast to between 24.5 million and 26.5 million barrels, an increase of 1 million barrels from earlier guidance.The company said it plans to run one to three rigs in south Texas next year and two to three rigs in Appalachia, according to a presentation. The company...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold prices remains deep in negative territory falling to anew session low following stronger than expected activity in the U.S. servicesector.Wednesday,the Institute for Supply Management (ISM) said it...Read More
LONDON, Nov 3 (Reuters) - "Greenwashing" by companies eager to massage their environmental credentials and increase their appeal to ethical investors came under scrutiny on Wednesday with the launch of a standards body that aims to weed out unjustified climate claims.The International Sustainability Standards Board (ISSB) seeks to build on and replace a patchwork of voluntary disclosure practices...Read More
MILAN, Nov 3 (Reuters) - Italy's biggest bank Intesa Sanpaolo (ISP.MI) on Wednesday strengthened its full-year profit outlook after third-quarter earnings beat market expectations helped by lower than forecast loan losses.Intesa's earnings confirmed the encouraging picture for the sector painted by rivals such as France's BNP Paribas(BNPP.PA), Spain's BBVA(BBVA.MC) or Britain's Lloyds(LLOY.L...Read More
Nov 3 (Reuters) - The New York Times Co (NYT.N) reported better-than-expected quarterly earnings on Wednesday, as a surge in marketing spend by companies emerging from the pandemic bolstered its digital ad business.The publisher's digital ad revenue jumped 40.2% in the third quarter, putting it on a path to growth following a hammering at the peak of the pandemic when companies slashed their ad...Read More
(Adds quotes, background)LISBON, Nov 3 (Reuters) - Portugal does not expect any credit rating downgrades after parliament last week rejected the 2022 budget bill in a move likely to trigger snap elections, Finance Minister Joao Leao told reporters on Wednesday."After the pandemic crisis, Portugal was one of the first countries to have its rating not downgraded, but upgraded," he said, referring to...Read More
(Adds details, quotes)GLASGOW, Nov 3 (Reuters) - International Monetary Fund chief Kristalina Georgieva said on Wednesday she was "very optimistic" about reaching a lending arrangement with Zambia, one of just three countries that has sought debt restructuring under a G20 framework.Georgieva told Reuters on the sidelines of the COP26 UN climate conference that Zambian authorities had done "fantast...Read More
(Reuters) - HoneyBook, a company that helps freelancers with client management and other business functions, said on Wednesday its latest funding round of $250 million, led by investment giant Tiger Global Management, had valued it at $2.4 billion.The latest fund infusion has helped San Francisco-based HoneyBook more than double its valuation from its previous round in May this year, and has broug...Read More
Nov 3 (Reuters) - Shares of Zillow Group Inc were set to open at over a 14-month low on Wednesday, as analysts expressed shock over the online real-estate firm's move to exit its business of buying and selling homes due to unpredictable home prices, three years after it was expected to disrupt the real estate market.Zillow's Class A shares were down 14.1% at $73.39 premarket.Volatility in home pri...Read More
Nov 3 (Reuters) - Britain's Land Securities (LAND.L) has announced its second acquisition in the mixed-use property sector in a week, betting on growing demand for sites that combine commercial and residential spaces in the wake of the COVID-19 pandemic.Landsec said on Wednesday it had bought a 75% stake in Greater Manchester-based MediaCity, the UK's biggest tech and media hub outside London, f...Read More
GLASGOW, Nov 3 (Reuters) - China's central bank governor, Yi Gang, said on Wednesday Beijing was working on a new monetary policy facility to provide low cost funds for financial institutions to support green projects.Addressing a United Nations COP26 climate summit via a video message, Yi said the People's Bank of China (PBOC) and the European Union would soon deliver a shared understanding of wh...Read More
PARIS, Nov 3 (Reuters) - Shipping group CMA CGM has agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a crucial hub for transpacific trade.CMA CGM currently has a 10% stake in FMS and it is to buy the remaining 90% from investment fund EQT Infrastructure III on the basis of an enterpris...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - TheECB have backed themselves into a corner it seems. ECB president Lagarde saidthat "conditions are unlikely to be met next year" and this comesdespite money markets betting otherwise. With Chinese CO...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold pricesare modestly down in early U.S. dealings Wednesday, with silver futures pricesslightly up. The markets are pausing ahead of the conclusion this afternoon ofthis week's FOMC meeting, which i...Read More