Oct 18 (Reuters) - Enterprise software developer Informatica Inc said on Monday it was aiming to raise up to $928 million at the top end of its price range in its U.S. initial public offering. (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. The author has ma...Read More
Gold and silver reversed trendslast week but were under heavy pressure on Friday. One of the biggest faultswith traders and investors is that they get too emotional when markets goagainst them. The keys to remember are in an uptrend; you want to buy at supportlevels, in a downtrend sell resistance. Emotions, news, and opinions haveno place in markets. The old saying is that the trend is your frien...Read More
Mr. Darren Hall reportsCALIBRE MINING APPOINTS TOM GALLO AS SENIOR VICE PRESIDENT, GROWTH Calibre Mining Corp. has appointed Thomas Gallo as senior vice-president of growth effective immediately.Darren Hall, president and chief executive officer of Calibre, stated: "I am very pleased to welcome Tom Gallo to the Calibre executive team as SVP -- growth.Tom's strong capital markets and technical back...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 pricesmodestly down in early U.S. trading Monday. Bulls are wobbly again and need somenew fundamental information to jumpstart a rally. Decembergold futures were lastdown $4.00 at $1,764.50. Dece...Read More
BENGALURU (Reuters) - Indian shares rose for the seventh straight session to close at an all-time high on Monday helped by gains in public sector banks, while metals and energy stocks surged on the back of a rise in commodity prices.The NSE Nifty 50 index closed up 0.76% at 18,477.05, while the S&P BSE Sensex rose 0.76% to 61,762.86.The Nifty Metals index surged 3.9%, led by gains of more than 10%...Read More
Oct 18 (Reuters) - The U.S. Food and Drug Administration declined to approve United Therapeutics (UTHR.O) and Mannkind Corp's (MNKD.O) lung disease therapy, citing an inspection issue at a third-party facility, the companies said on Monday.The therapy is a drug-device combination that uses United Therapeutics' approved treatment, Tyvaso, in combination with MannKind's portable inhaler.MannKind...Read More
Oct 18 (Reuters) - Enterprise software developer Informatica Inc is seeking a valuation of up to $9 billion in its return to the stock market nearly six years after it was taken private, the company said on Monday.The company will sell 29 million shares priced between $29 and $32 per share, it said in a filing. At the top end of that range, the IPO will rake in $928 million in proceeds.Informatica...Read More
DUBAI, Oct 18 (Reuters) - Saudi Arabia's Alamar Foods, the regional franchise operator for Domino's Pizza, is considering an initial public offering (IPO) that would allow The Carlyle Group sell some of its stake, three sources familiar with the matter said.Alamar Foods has hired HSBC to arrange the share sale, the sources told Reuters. They said deliberations were at an early stage and no final d...Read More
BEIJING, Oct 18 (Reuters) - China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector, highlighting the challenge facing policymakers as they seek to prop up a faltering recovery while reining in the real estate sector.Gross domestic product expanded 4.9% from a year ago, missing forecasts, as attempts by Beijing to cu...Read More
WASHINGTON, Oct 18 (Reuters) - Colin Powell, the first Black U.S. secretary of state and top military officer, died on Monday at the age of 84 due to complications from COVID-19. He was fully vaccinated, his family said in a statement on Facebook."We have lost a remarkable and loving husband, father, grandfather and a great American," his family said.Powell was one of America's foremost Black fig...Read More
(Reuters) - IT solutions provider CDW Corp said on Monday it would buy Sirius Computer Solutions from an affiliate of private equity firm Clayton, Dubilier & Rice (CD&R) for $2.5 billion in cash.With the acquisition, CDW expects its services portfolio to grow by about 45% and bolster its ability to help clients digitize their operations rapidly.Founded in 1980, Sirius is an IT solutions integrator...Read More
BEIJING/PRAGUE, Oct 18 (Reuters) - Power shortages helped drive down China's economic growth to its slowest in a year, while surging coal prices on Monday threaten more pain for Chinese industry and global supply chains.Companies in Europe have trimmed outlooks amid global bottlenecks, while European gas prices, still more than 350% higher than at the start of 2021, have forced more power supply...Read More
OTTAWA, Oct 18 (Reuters) - Prime Minister Justin Trudeau's new government is set to impose higher taxes on Canadians, which will help fund some campaign promises but are not broad enough to also start paying down the country's record levels of debt, leaving Canada vulnerable to the next economic crisis, analysts say.This could be a risky strategy for the country, which piled on new debt at a faste...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 not far from unchanged in early U.S. trading Monday. Bulls are wobbly againand need some new fundamental information to jumpstart a rally. December goldfutures were last up $0.60 at $1,...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. dollarare abit weaker in early U.S. trading Monday, on a routine downside correction. TheBitcoin bulls still have the solid overall near-term technical advantage asprices hover near a seve...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) - After a great start to the last week, gold managed to lose some ofits shine after some impressive data from the U.S. in the form of retail sales.Now $1800 seems to be a bit of a line in the sand and th...Read More
Mr. Ewan Downie reportsI-80 CLOSES ACQUISITION OF THE RUBY HILL MINEi-80 Gold Corp. has closed theRuby Hill mine acquisition from Waterton Nevada Splitter LLC and Waterton Nevada Splitter II LLC. With the previously announced closing of the Lone Tree complex,the company has launched a Nevada-focused growth company. All currencies expressed as U.S. dollars unless otherwise stated.Ruby Hill, which i...Read More
Mr. Rahul Paul reports RADISSON REPORTS HIGH GRADE GOLD INTERCEPTS INCLUDING 34.71 G/T AU OVER 3.90 M AND 7.55 G/T AU OVER 10.50 M FROM RESOURCE EXPANSION DRILLING ALONG TREND #1 AT THE O'BRIEN PROJECTRadisson Mining Resources Inc. has released significant high-grade gold intercepts from the continuing 130,000-metre exploration drill program at its 100-per-cent-owned O'Brien gold project located a...Read More
Ms. Claudia Tornquist reportsKODIAK DRILLS 105 M OF 0.76% CUEQ WITHIN 504 M OF 0.47% CUEQ AT GATE ZONE, BEGINS DRILLING DILLARD COPPER PORPHYRY TARGETKodiak Copper Corp. has released drill results at the 100-per-cent-owned MPD copper-gold porphyry project in Southern British Columbia.Nine new Gate zone drill holes are presented in this release.These holes (1) define additional mineralization towar...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) - Russia's FX and gold reserves have been increasing in the last few years but it seems that inflationary woes mean the nation has been stocking up on the yellow metal again. The Russian central ban...Read More