LONDON, Oct 14 (Reuters) - Britain's new body overseeing accounting rules following Brexit said it was braced for a "lot of noise" from the 1.7 trillion pound ($2.33 trillion) insurance sector about measures to increase transparency of financial positions and performance.Departure from the European Union meant Britain had to set up its own body to endorse international accounting rules, a task pre...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) - Wesdome Gold Mines (TSX: WDO)announced today that the company produced 29,344 ounces of gold in Q3 2021, a47% increase compared to 20,008 ounces produced in Q3 2020.Importantly, the company saidthat du...Read More
Oct 14 (Reuters) - The U.S. Commodity Futures Trading Commission said on Thursday it sanctioned banking group UBS AG (UBSG.S) $500,000 for failing to retain certain audio recordings for the time required under CFTC regulations."The order finds that as a result of failures in UBS's audio retention systems, the firm deleted over 1,000 hours of audio data after one day, including voice recording fi...Read More
Oct 14 (Reuters) - Microsoft Corp's (MSFT.O) LinkedIn said on Thursday it would pull the plug on its existing professional networking website in China and instead launch a jobs-only version later this year.The new website, called InJobs, will not include a social feed or the ability to share posts or articles, LinkedIn said.Reporting by Eva Mathews in Bengaluru; Editing by Anil D'Silva Disclaim...Read More
NEW YORK, Oct 14 (Reuters) - A U.S. central bank digital currency could introduce a host of questions about privacy and government authority, and there are many steps needed before one could be put into place, Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday."We're going to continue to study it and we'll also see how the market evolves," Bostic said during a virtual discussio...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) - South32 announced Thursdaythat it has entered into two binding conditional agreements with Sumitomo MetalMining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45%interest in the Sierra G...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) - Nexa Resources (NYSE and TSXSymbol: NEXA) announced yesterday that the operating license for the Aripuan??greenfield project was granted by the Environmental Secretariat of the state ofMato Grosso, Bra...Read More
LONDON, Oct 14 (Reuters) - Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gas prices would boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply.Brent crude futures gained 89 cents, or 1.1%, to $84.07 a barrel by 1204 GMT after falling 0.3% on Wednesday. U.S. West Texas Intermediate (WTI) crude fut...Read More
WASHINGTON, Oct 14 (Reuters) - A renewed defence cooperation deal between the U.S. and Greece is designed to mutually safeguard and protect the sovereignty of each country, its Foreign Minister Nikos Dendias said on Thursday."The revision of the mutual defence cooperation agreement we will sign in a few minutes is symbolically and substantially the foundation of our long-term partnership," Dendias...Read More
LONDON (Reuters) - World markets stayed focused on rising inflation on Thursday as tech stocks rebooted global equities, oil and gas prices fired up again but the dollar and benchmark government bond yields both stalled.Record high Chinese factory gate inflation data overnight following stronger-than-expected U.S. CPI figures on Wednesday meant the price pressure theme was very much alive but the...Read More
LONDON (Reuters) - The dollar edged down against major peers on Thursday, reaching its lowest level in 10 days in a pullback from its recent rally, while the Australian and New Zealand dollars rose.Expectations that the U.S. Federal Reserve would tighten monetary policy more quickly than previously expected have helped the dollar rise since early September.But its ascent has recently eased and on...Read More
Mr. Marcel Robillard reportsPUMA EXPLORATION IDENTIFIES MORE HIGH-GRADE GOLD VEINS WITH UP TO 199 G/T* AU FROM SURFACE SAMPLING ON ITS WILLIAMS BROOK GOLD PROPERTY, ATLANTIC CANADA Puma Exploration Inc. has provided additional results, which include very high-grade gold assays of 199 grams per tonne (g/t) gold (Au), 192 g/t Au and 170.5 g/t Au, from the 2021 field exploration surface sampling prog...Read More
AMSTERDAM (Reuters) - Italian software company MotorK said on Thursday it aimed to raise 150 million euros ($175 million) with an initial public offering (IPO) of shares on the Amsterdam stock exchange before the end of this year.MotorK offers a software platform for car dealers to help them manage sales and marketing activities. It said it would use the proceeds to invest in developing new produc...Read More
(Updates with rouble gains)MOSCOW, Oct 14 (Reuters) - The Russian rouble firmed against the dollar on Thursday to levels last seen in late July 2020, while a recovery in oil prices helped the benchmark MOEX stock index hit a record high.At 1304 GMT, the rouble was 0.6% stronger against the dollar at 71.54, having hit its strongest level since July 27, 2020 at 71.5150.Against the euro, the rouble a...Read More
Oct 14 (Reuters) - Walgreens Boots Alliance Inc will invest an additional $5.2 billion in care provider VillageMD as the pharmacy chain aims to expand primary healthcare services at its stores, the two companies said on Thursday.The investment increases Walgreens' stake in VillageMD to 63% from 30%, while the latter plans to go public in 2022.Walgreens had acquired its initial here 30% stake in...Read More
(Reuters) - Reliable Robotics, a Silicon Valley startup aiming to automate conventional fixed-wing planes to ferry cargo and eventually passengers, has raised $100 million from investors, the company said on Thursday.The Series C round was led by New York-based Coatue Management, whose investment portfolio includes Rivian and Lime.Reliable co-founder and CEO Robert Rose said the funds will enable...Read More
FRANKFURT, Oct 14 (Reuters) - Euro zone inflation could exceed expectations in the short and medium term, and this outlook for price growth warrants an end to the European Central Bank's emergency bond purchases next March, Dutch central bank chief Klaas Knot said on Thursday.Inflation has surged this year on a long list of one-off developments but a growing number of observers, including the Inte...Read More
Oct 14 (Reuters) - Current high levels of inflation may not abate as soon as many U.S. Federal Reserve policymakers expect, St. Louis Fed President James Bullard said on Thursday, as he once again urged the central bank to pursue a faster taper of its bond-buying program."I think this is concerning," Bullard told a virtual gathering of the Euro50 Group, with regard to inflation. "While I do think...Read More
* Gold faces resistance at $1,800/oz and $1,835/oz- analyst* Fed could start reducing stimulus by mid-Nov - minutes (Updates prices)Oct 14 (Reuters) - Gold prices hit a one-month high on Thursday, as the dollar and U.S. bond yields eased while investors assessed how strong inflation data could shape monetary policy.Spot gold rose 0.4% to $1,799.30 per ounce by 1100 GMT, having earlier hit its high...Read More
* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, Oct 14 (Reuters) - Sterling hit a two-week high on Thursday, building on the previous session’s gains, as traders focused on hopes a post-Brexit trade war with the European Union will be avoided and on expectations the Bank of England will increase rates this yea...Read More