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) - Great Panther Mining (TSX:GPR) reported Monday that Tucano's geotechnical committee has advised the companythat additional remediation work is required on the Urucum Central South("UCS") open pit to im...Read More
Oct 18 (Reuters) - U.S. Trade Representative Katherine Tai and Deputy Trade Representative Jayme White will travel to Brussels on Tuesday and then to London on Thursday to attend the G7 trade ministers meeting, the USTR office said.In Brussels, they will meet with European Union leaders and participate in roundtable discussions with labor and environment leaders, the USTR office added. Tai will re...Read More
TAIPEI, Oct 18 (Reuters) - Taiwan's Foxconn (2317.TW) unveiled its first three electric vehicle prototypes on Monday, underscoring ambitious plans to diversify away from its role of building consumer electronics for Apple Inc (AAPL.O) and other tech firms.The vehicles - an SUV, a sedan and a bus - were made by Foxtron, a venture between Foxconn and Taiwanese car maker Yulon Motor Co Ltd (2201...Read More
NEW YORK (Reuters) - The dollar gained slightly on the day on Monday as Treasury yields rose on expectations the Federal Reserve will need to hike interest rates sooner than previously expected to quell rising price pressures.Market participants expect the U.S. central bank will need to act as inflation looks to be stubbornly persistent and unlikely to fade anytime soon.Global increases in inflati...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) - Russian mining company Polymetal,a top-10 global gold producer and top-5 global silver producer, today announcedfirst concentrate production at the Nezhda gold-silver mine, located in Russia."Following...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) - IAMGOLD (TSX: IMG) (NYSE:IAG) today reported that the company produced 153 thousand ounces in Q3 2021,4% less than a year before (Q3 2020: 159 thousand ounces).The company said that its Essakanemine in...Read More
LONDON, Oct 18 (Reuters) - Asda, the British supermarket chain, and EG Group have terminated a deal that would have seen EG buy Asda's petrol forecourts for 750 million pounds ($1.03 billion), the two companies said on Monday.Both Asda and EG are owned by Zuber and Mohsin Issa and private equity group TDR Capital.The deal was initially struck in February. However, regulatory restrictions placed on...Read More
BEIJING/MOSCOW/PRAGUE, Oct 18 (Reuters) - China's power shortages hit growth in the world's second biggest economy, threatening more pain for global supply chains, while Europe's gas squeeze looked set to continue as Russia's Gazprom showed no sign of hiking exports to the region in October.Coal, oil and gas prices have all rocketed higher in recent weeks hammering utilities and consumers from...Read More
Dr. Roger Moss reports LABRADOR GOLD ANNOUNCES RECEIPT OF DRILL PERMIT FOR APPLETON FAULT TARGETS, MOBILIZES DRILLLabrador Gold Corp. has receivedexploration approval for diamond drilling of regional Appleton fault zone targets at its 100-per-cent-controlled Kingsway project near Gander, Nfld. The Kingsway project is located within the highly prospective Gander Gold District.LabGold has mobilized...Read More
TOKYO, Oct 18 (Reuters) - Bitcoin hovered near six-month highs on Monday in anticipation of the listing of the first futures-based bitcoin exchange-traded funds (ETF) in the United States, which investors hope will boost cryptocurrency trading volumes.If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bitcoin Strategy ETF completes a 75-day period since the fund ma...Read More
Oct 18 (Reuters) - Walt Disney's (DIS.N) stock received a rare Wall Street downgrade on Monday, as Barclays called for bold changes from the media giant to reverse slowing growth at its Disney+ streaming service.Disney Chief Executive Officer Bob Chapek last month hinted at a slowdown in Disney+, saying fourth-quarter global paid subscribers will grow by "low single digit" millions compared with...Read More
ROME, Oct 18 (Reuters) - Centre-left candidates looked set to win resounding victories in mayoral elections in Rome and Turin, according to exit polls on Monday that predicted they had swept aside centre-right opponents in run-off ballots.If the exit polls are confirmed they will complete a round of centre-left triumphs in Italy's largest cities and mark a setback for the rightist alliance which i...Read More
TBILISI, Oct 18 (Reuters) - U.S. Defense Secretary Lloyd Austin said on Monday Washington was closely watching China's development of advanced weapons systems, while declining to comment directly on a report that Beijing had tested a nuclear-capable hypersonic missile.The Chinese foreign ministry denied the report in the Financial Times newspaper, which said Beijing had launched a rocket in July c...Read More
Mr. Darwin Green reports HIGHGOLD MINING ANNOUNCES $10 MILLION BOUGHT DEAL AND CONCURRENT $5 MILLION PRIVATE PLACEMENT FINANCING WITH STRATEGIC INVESTOR FOR TOTAL GROSS PROCEEDS OF $15 MILLION Highgold Mining Inc. has entered into an agreement with Cormark Securities Inc., on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis,...Read More
LONDON, Oct 18 (Reuters) - Asset-backed stablecoins do not pose a systemic risk to the U.S. financial system and should not face a new set of rules, a major cryptocurrency lobby group told U.S. regulators on Monday, as tighter oversight of the fast-growing technology looms.Stablecoins - digital tokens usually backed by reserves of dollars or assets from gold to other cryptocurrencies - have balloo...Read More
(Reuters) - Confidence among U.S. single-family homebuilders rose by the most in nearly a year in October as customer traffic improved for a second straight month, although builders remain concerned that the shortages that are driving up materials prices will hurt home affordability.The National Association of Home Builders/Wells Fargo Housing Market Index rose 4 points - the most since November 2...Read More
BUDAPEST (Reuters) - A surge in price growth in eastern Europe has opened a rift between central banks that have launched rate hikes to battle inflation and populist governments trying to defend a strong economic recovery.The standoff is most apparent in Hungary and the Czech Republic, where national elections have complicated the task of central banks, which have led the way in the European Union...Read More
FRANKFURT (Reuters) - The German unit of British retail electricity startup Octopus Energy on Monday launched a service providing top-up power supply to households owning rooftop solar panels and a Tesla-branded Powerwall storage battery.Under the terms of the scheme, customers can use grid power supply from Octopus as a back-up to their home-grown power production and the Powerwall unit when the...Read More
(Reuters) - Remote-hiring company Deel said on Monday its valuation was $5.5 billion following a $425 million funding round led by investment firm Coatue.The latest round was led by Coatue's partners Rahul Kishore and Lucas Swisher. Other investors, including technology-focused investment company Altimeter Capital and venture capital giant Andreessen Horowitz, also participated in the round, Deel...Read More
MOSCOW, Oct 18 (Reuters) - Russia's Nornickel , theworld's largest palladium producer, said on Monday it had beguna contest for scientists to find new ways to use the metal thathas been hit by a chip shortage in the auto industry, its topconsumer sector.Global demand for palladium has weakened recently asautomakers, which use the metal in pollution-reducing catalyticconverters, have cut production...Read More