Oct 25 (Reuters) - Sustainable footwear maker Allbirds Inc on Monday set terms for its initial public offering in the United States, saying it is targeting a fully diluted valuation of as much as $2.2 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M.) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc....Read More
Mr. John Watson reportsDRILLING COMMENCES AT THE SLUMBER GOLD PROJECT, HUMBOLDT COUNTY, NEVADANV Gold Corp. has commenced drilling at the 100-per-cent-controlled Slumber gold project located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, United States. Drilling at Slumber will encompass up to 1,500 metres in six to eight RC drill holes."Drilling commenced today at the Slu...Read More
LONDON (Reuters) - World stocks paused near six-week highs on Monday as investors girded for the busiest week of third quarter earnings in the backdrop of slowing growth, with widening inflation risks from multi-year-high crude oil prices weighing on sentiment.Risky assets have staged a comeback in recent weeks after a torrid September as investors shunned bonds. Allocations to bond markets droppe...Read More
(Adds details on 2022, quotes)MADRID, Oct 25 (Reuters) - Relatively high inflation rates are likely to prevail in Spain over coming months although their underlying causes are mainly transitory, Bank of Spain Governor Pablo Hernandez de Cos said on Monday.A surge in energy prices could last through the winter as demand generally increases because of cold weather while oil and gas storage levels ar...Read More
BENGALURU (Reuters) -Indian shares ended mostly unchanged on Monday as losses in auto and information technology stocks were offset by gains in banks, after strong results from ICICI Bank drove other lenders higher.The blue-chip NSE Nifty 50 index ended up 0.06% at 18,125.40, while the benchmark S&P BSE Sensex rose 0.2% to 60,967.05.ICICI Bank rose as much as 14.2% to an all-time high and helped t...Read More
LONDON, Oct 25 (Reuters) - The dollar rebounded off a one-month low on Monday as traders looked ahead to tighter U.S. monetary policy even as they bet on the prospect of interest rate hikes happening earlier outside of the United States.Currency markets were broadly quiet at the start of the week with traders awaiting U.S. growth data and central bank meetings in the euro zone, Japan and Canada.Th...Read More
SHANGHAI, Oct 25 (Reuters) - Corporate China's hedging activities spiked to a new high, according to consultancy data, as the cost of raw materials soared and as China's financial regulators urged local businesses to cope with higher market volatility.The number of China-listed non-financial companies using hedging tools such as futures and options to limit market risks rose to 793 at the end of t...Read More
(Reuters) - Car rental firm Hertz has ordered 100,000 Tesla Inc cars, Bloomberg News reported on Monday, citing people with knowledge of the matter.This marks the single-largest purchase ever for electric vehicles and represents about $4.2 billion of revenue for Tesla, according to the report.Hertz and Tesla did not immediately respond to Reuters requests for comment.Hertz filed for bankruptcy pro...Read More
(Updates prices, adds Tenreyro speech time)LONDON, Oct 25 (Reuters) - Sterling rose slightly on Monday, but analysts said concerns about economic growth and inflation limited the extent to which the British currency benefited from expectations that the Bank of England will raise rates.Money markets are pricing in a rate hike by the central bank at its meeting on Nov. 4.However, data from the UK la...Read More
Oct 25 (Reuters) - Online content and gaming platform FaZe Clan Inc said on Monday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1 billion.Offerings from FaZe Clan, which was launched in 2010, include online gaming, esports, sports merchandise and digital content that targets millennial and Gen Z consumers. The company said it curr...Read More
DUBAI, Oct 25 (Reuters) - Credit ratings agency Fitch Ratings indicated on Monday it could cut the ratings of three banks in Qatar, saying it was concerned over the sector's increasing reliance on external funding and a recent rapid growth in assets.Fitch placed Doha Bank, Al Khalij Commercial Bank and Qatar Islamic Bank on "ratings watch negative", meaning it sees a greater potential for a downgr...Read More
(Reuters) - Sustainable footwear maker Allbirds Inc said on Monday it was targeting a fully diluted valuation of as much as $2.2 billion in its initial public offering in the United States.The company, backed by asset manager Franklin Templeton, said it is offering 19.2 million shares priced between $12 and $14 each, along with the selling stockholders. At the top end of that range, the IPO would...Read More
LONDON, Oct 25 (Reuters) - Britain will announce a rise in its minimum wage for those aged 23 and over to 9.50 pounds ($13.06) per hour from 8.91 pounds in the government's budget statement on Wednesday, the BBC said.The Treasury did not immediately respond to a request for comment.($1 = 0.7272 pounds)Reporting by Paul Sandle; editing by William James Disclaimer: The views expressed in this artic...Read More
BENGALURU, Oct 25 (Reuters) - Hitting the Paris Agreement goal of net-zero carbon emissions will require investments in a green transition worth 2%-3% of world output each year until 2050, far less than the economic cost of inaction, according to a Reuters poll of climate economists.Respondents also said such a transition depended on the rich world fulfilling promises to help developing economies,...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 moderately higher in early U.S. trading Monday, supported by increasingworries about problematic price inflation. More and more economists and veteranmarket watchers are saying the bout...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) - Bitcoin-U.S. dollarhigherin early U.S. trading Monday. The market is now seeing some routine "backingand filling" in an existing uptrend. The Bitcoin bulls still have the solidoverall near-term technic...Read More
BERLIN/FRANKFURT (Reuters) -German business morale deteriorated for the fourth month running in October as supply bottlenecks in manufacturing, a spike in energy prices and rising COVID-19 infections are slowing the pace of recovery in Europe’s largest economy from the pandemic.The Ifo institute said on Monday that its business climate index fell to 97.7 from an upwardly revised 98.9 in Sept...Read More
Mr. Blayne Johnson of Calibre reportsCALIBRE ANNOUNCES ACQUISITION OF FIORE IN NEVADA CREATING A DIVERSIFIED, AMERICAS-FOCUSED, GROWING MID-TIER GOLD PRODUCERCalibre Mining Corp. and Fiore Gold Ltd. have entered into a definitive arrangement agreement whereby Calibre will acquire all of the issued and outstanding common shares of Fiore pursuant to a court-approved plan of arrangement.The transacti...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) - Commerzbank commodities analyst DanielBriesemann noted that gold is being lent buoyancy by the risinginflation expectations, in his latest daily commodities report. He added that"market-based infl...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 technicals are breaking higher this morning meaning someupside levels could be in focus. On Monday, the 200-period simple movingaverage has been taken out along with the orange internal trendline...Read More