(Reuters) - Chesapeake Energy Corp on Monday named long-time finance chief Domenic Dell'Osso as its chief executive officer, months after ousting former top boss Doug Lawler.Dell'Osso joined Chesapeake in 2008 and was appointed CFO in 2010. He takes the reins from Chairman Mike Wichterich, who has served as interim CEO since Lawler's departure in April.Once the second-largest U.S. natural gas prod...Read More
STOCKHOLM, Oct 11 (Reuters) - Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday for pioneering "natural experiments" to show real-world economic impacts in areas from the U.S. fast-food sector to migration from Castro-era Cuba.Unlike in medicine or other sciences, economists cannot conduct rigidly controlled clinical trials. Instead, natural experi...Read More
(Adds quotes from MTN CEO, company's profits and dividend policy)KAMPALA, Oct 11 (Reuters) - MTN Uganda said on Monday it had set the price of its initial public offering for the sale of a 20% stake at 200 Ugandan shillings ($0.0558) per share, as the East African nation's biggest telecoms operator launched the country's biggest IPO."The MTN IPO is officially open," MTN Uganda Chief Executive Wim...Read More
(Adds context, further sourcing)Oct 11 (Reuters) - The European Union hired banks on Monday to sell its first ever green bond, memos from two lead managers seen by Reuters showed, taking its first step towards becoming a major force in the environmentally friendly debt market.The 15-year green bond, due February 2037, will raise 12 billion euros ($13.87 billion), the memos said, making it the larg...Read More
CAIRO, Oct 11 (Reuters) - Egyptian payments firm e-finance for Digital and Financial Investments has raised its institutional share offering to 23.5% of the company's total eventual capital after strong demand, one of the managers of the offering said on Monday.The state-controlled firm is offering shares to institutional investors in a sale that closes at 15:00 GMT on Monday. A smaller one-week o...Read More
BEIJING (Reuters) -The Shanghai Stock Exchange has put the brakes on scores of upcoming initial public offerings, including Syngenta's planned $10 billion flotation, slated to be the world's largest this year, in a move it blamed on outdated financial data.Though it's not unusual for Chinese regulators to seek updated financial information from IPO candidates at the start of each quarter, the move...Read More
SHANGHAI/LONDON, Oct 11 (Reuters) - Chinese property firms' bonds were hit with another wrecking ball on Monday as Evergrande (3333.HK) looked set to miss its third round of bond payments in as many weeks and rival Modern Land became the latest scrambling to delay deadlines.High-yield Chinese bond markets were being routed once again as fears about fast-spreading contagion in the $5 trillion sec...Read More
LONDON (Reuters) - Stagflation jitters stunted growth in global shares on Monday, while bets that major central banks will tighten monetary policy pushed up bond yields and lifted the dollar to a near three-year peak against the Japanese yen.Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns."Higher en...Read More
Oct 11 (Reuters) - Chinese developer Sinic Holdings said on Monday it would likely default on its 2021 bonds, as it does not have enough financial resources to the make payments by their maturity date. (Reporting by Arundhati Dutta in Bengaluru, Editing by Louise Heavens) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The aut...Read More
AMSTERDAM (Reuters) - Investors need to be aware of the risk of rising inflation to avoid shock adjustments, even as price rises still appear to be temporary, Dutch European Central Bank (ECB) policymaker Klaas Knot said on Monday."The current risk appetite in the markets can only be sustained by low inflation and low interest rates", the Dutch central bank governor told reporters."I still expect...Read More
WASHINGTON, Oct 11 (Reuters) - The U.S. Treasury is being held hostage by Republican Senator Ted Cruz's efforts to halt a Russia-to-Germany gas pipeline, blocking critical appointments when the federal debt limit remains a pressing issue, White House officials and Democrats in Congress say.Only four confirmed nominees are in place in the top ranks of the Treasury, of about 20 slots for presidentia...Read More
BEIJING, Oct 11 (Reuters) - China, the world's biggest auto market, said on Monday it will roll out assessment measures to regulate data sent abroad by vehicles, as the country steps up efforts to protect data and privacy.As cars become 'smarter' with more in-car entertainment, information and autonomous driving functions, automakers and tech companies are gathering more data from vehicles, raisin...Read More
Oct 11 - A look at the day ahead from Danilo Masoni.After weeks of debate about the supposedly transitory nature of higher inflation and its potential monetary policy implications, markets are about to find out how rising input costs impacted companies during the third 2021 quarter.As the reporting season kicks off in earnest from this week, commodity price rises, labour shortages and supply bottl...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 aremodestly down in early U.S. trading Monday. Rising government bond yieldsrecently and an appreciating U.S. dollar on the foreign exchange market arebearish elements that are...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. dollar are higherMonday and hit a five-month high. The Bitcoin bulls have the solid overallnear-term technical advantage and still have momentum to suggest at leastsideways-to-higher price...Read More
BERLIN, Oct 11 (Reuters) - Canada's Rock Tech Lithium plans to build a converter plant in Brandenburg, theGerman state surrounding Berlin, to make battery-grade lithiumhydroxide for electric vehicles, the state's energy ministry andthe company said on Monday.The plant will be in the town of Guben, a roughly 90-minutedrive from where Tesla is building its gigafactory,which includes a battery cell m...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 had a good spike following the non-farm payroll data lastFriday but the move failed to sustain its momentum. The poor result lead someanalysts to suggest that maybe the accommodative policy could...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 are heading into the new week flat. The yellow metal is trading at $1755/oz while silver trades at $22.64/oz. Looking at the rest of the commodities complex copper moved 1.11% higher wh...Read More
The acquisition of Santa Maria will afford Fabled Silver Gold additional exploration and mining opportunities. Fabled Silver Gold Corp.'s (FCO:TSX.V; FBSGF:OTCQB; 7NQ:FSE) mission is to acquire precious metal properties with blue sky exploration potential, in Mexico, and Santa Maria, which the company is four months away from fully owning, seems to be proving via drilling results that show that i...Read More
Liberty and Finance, Released on 10/11/21Silver is going to hit heights "people are not going to believe," says market trader Greg Mannarino. "Physical silver is the most undervalued asset on the planet," he says. By holding physical silver, you are betting against the debt and becoming your own central bank.Are gold and silver markets manipulated? It's debated. Learn more: https://is.gd/gold_mani...Read More