Oct 13 (Reuters) - Facebook Inc(FB.O) will now count activists and journalists as "involuntary" public figures and so increase protections against harassment and bullying targeted at these groups, its global safety chief said in an interview this week.The social media company, which allows more critical commentary of public figures than of private individuals, is changing its approach on the hara...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) - Caledonia Mining todayannounced that in Q3 2021, gold production from its Blanket mine in Zimbabwewas 18,965 ounces, a new production record and an increase of 25% on the 15,155ounces produced in the c...Read More
MOSCOW, Oct 13 (Reuters) - Russian President Vladimir Putin said on Wednesday he saw potential to work with the United States on a host of issues from arms control to energy and that he had established a solid working relationship with President Joe Biden.Addressing an energy conference attended by top executives of Exxon Mobil (XOM.N)and other oil majors, Putin was largely silent on the many dis...Read More
* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates rates, lead and headline)LONDON, Oct 13 (Reuters) - Sterling edged higher on Wednesday as traders shrugged off data showing weaker-than-expected economic growth in Britain and rising U.S. consumer prices, and focused on bets that the Bank of England will raise inter...Read More
Mr. Mac Balkam reportsESKAY MINING CONCLUDES DRILL PROGRAM AT ITS CONSOLIDATED ESKAY PRECIOUS METAL-RICH VMS PROJECT: DISCOVERS MASSIVE SULFIDE ATOP THE TV DEPOSITEskay Mining Corp. has concluded its 2021 diamond drill program at its 100-per-cent-owned Consolidated Eskay precious metal project in the Golden Triangle, British Columbia. Recent drilling encountered massive sulfide mineralization atop...Read More
Oct 13 (Reuters) - U.S. central bankers broadly agree they can soon begin reducing their support for the economy, but are divided over how much of a threat high inflation poses, and - more importantly - what they might need to do about it.Some indication of the intensity of that debate should emerge later on Wednesday when the Federal Reserve releases the minutes of its Sept. 21-22 policy meeting,...Read More
(Reuters) -JPMorgan Chase & Co beat analysts' profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.JPMorgan's third-quarter profit was 24% higher than the same period last year due to those factors, bu...Read More
Gold and silver are seeing a solid rally this morning, pushingup to our resistance levels. Until proven otherwise, we are selling atresistance with the trend still lower. Based on the trend and recent priceaction, there are two choices, observe and wait for the trend reversal or sellat resistance. Since we are trend traders, andthe trend is lower, we will be sellers at resistance. This does not gu...Read More
NEW YORK/LONDON (Reuters) -The dollar held near a one-year high on Wednesday after U.S. inflation data showed prices rose solidly in September, stoking expectations the Federal Reserve will announce a tapering of stimulus next month, with the potential for rate hikes by mid-2022.The consumer price index rose 0.4% last month, versus a 0.3% rise expected by economists polled by Reuters. In the 12 mo...Read More
LONDON (Reuters) - A group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialise, three sources with direct knowledge of the matter said.Such a move would end an attempt by the LME, which dominates industrial metals trading, to capture part of London's bullion market, wh...Read More
SINGAPORE (Reuters) -Standard Chartered Plc announced a 10-year fintech partnership with Singapore-based Atome Financial on Wednesday to help it grab a piece of the booming buy now, pay later market in Asia that has thrived during the pandemic.The global boom has boosted providers including Klarna, Affirm, Afterpay and Paypal, but has led to greater scrutiny by regulators concerned that consumers...Read More
MILAN, Oct 13 (Reuters) - The Italian market for cloud services is set to grow by 16% in 2021 as companies and the public administration strive to build on a digital acceleration brought about by the COVID-19 pandemic, an academic study showed.Research by the Cloud Transformation hub run by Milan's Politecnico University forecast Italian businesses and government agencies would spend 3.84 billion...Read More
(Reuters) - SoftBank Group Corp's venture capital fund has invested $400 million in Vuori Inc, the California-based maker of leggings and sports bras said on Wednesday, valuing it at $4 billion.Vuori, founded in 2015, plans to expand its Western European and Asian markets next year and open more than 100 U.S. stores in the next five years.Activewear makers have seen strong demand over the past yea...Read More
(Reuters) - SeatGeek on Wednesday agreed to go public in a merger with a special-purpose acquisition company, backed by baseball executive Billy Beane of "Moneyball" fame, giving the online ticketing firm an enterprise value of $1.35 billion.Reporting by Noor Zainab Hussain in Bengaluru; Editing by Anil D'Silva Disclaimer: The views expressed in this article are those of the author and may not re...Read More
Mr. Scott Berdahl reportsSNOWLINE GOLD INTERSECTS 13.9 GRAMS PER TONNE GOLD OVER 6.0 M INCLUDING 45.0 GRAMS PER TONNE GOLD OVER 1.5 METRES AMONG WIDESPREAD GOLD HITS AT ITS JUPITER ZONE, EINARSONSnowline Gold Corp. has released additional assay results from phase I drilling at the Jupiter zone on its district-scale Einarson gold project in Yukon, Canada. A set of three holes drilled radially from...Read More
(Reuters) - Private equity firm Francisco Partners has agreed to invest in legal software platform Paradigm in a deal that valued the firm at $400 million, people familiar with the matter told Reuters.The deal is the latest bet on the legal technology sector from Francisco Partners, which earlier this year took online legal platform LegalZoom Inc. public. Francisco Partners remains one of the bigg...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 and silver prices areposting slight gains in early U.S. trading Tuesday, after a brief rally thatpushed prices solidly higher just before a key U.S. inflation report wasreleased. The U.S. dollar...Read More
(Reuters) - BlackRock Inc, the world's largest money manager beat third-quarter profit estimates as an improving economy helped boost its assets under management, driving up fee income.Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on vaccinations and s...Read More
(Reuters) - Changes in the share structure of KKR & Co Inc, Apollo Global Management Inc and Carlyle Group Inc that strip the private equity firms" founders of voting control are making them and their employees wealthier, according to a Reuters review of regulatory filings.FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in Ne...Read More
LONDON (Reuters) - U.S. stock futures ticked up and European stocks reversed early losses on upbeat earnings on Wednesday, though markets were jittery ahead of U.S. consumer price data later in the session and oil dropped from recent multi-year highs.Concerns about rising inflation are gnawing at optimism about global recovery from the COVID-19 pandemic.September U.S. CPI is forecast to show a mon...Read More