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UK's Johnson invites Bill Gates, JPMorgan's Dimon, others to dinner -The Telegraph

October 15, 2021 / www.kitco.com

Oct 15 (Reuters) - UK Prime Minister Boris Johnson will host a dinner with world business leaders, including Bill Gates and JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon, The Telegraph reported on Friday.Around 20 executives are expected to attend the dinner in a bid to establish "Global Britain," on Oct. 18 at 10 Downing Street, the report added.Reporting by Anirudh Sali...Read More

Spanish bank Sabadell to cut up to 1,605 jobs, union says

October 15, 2021 / www.kitco.com

MADRID, Oct 15 (Reuters) - Spanish bank Sabadell has reached an agreement with unions to lay off up to 1,605 employees in its home market, fewer than the initially planned more than 1,900, the leading union Comisiones Obreras (CCOO) said on Friday.The agreement to reduce the workforce in Spain was reached after the bank met some of the union's demands, such as setting a lower number of layoffs, ca...Read More

U.S. Senator Warren urges Amazon breakup, India retailers want probe after Reuters story

October 15, 2021 / www.kitco.com

NEW DELHI, Oct 15 (Reuters) - U.S. Senator Elizabeth Warren called for breaking up Amazon.com Inc (AMZN.O) and Indian retailers demanded a government probe of the company after a Reuters investigation showed the e-commerce giant had copied products and rigged search results in India.The Reuters report, reviewing thousands of internal Amazon documents, found that the U.S. company ran a systemati...Read More

TURKEY COATED FLAT STEEL: Prices increase, some producers stop taking new orders

October 16, 2021 / www.metalbulletin.com

Coated steel coil prices increased sharply in Turkey during the week ended Friday October 15 and some producers stopped accepting new orders, sources told Fastmarkets.Producers stopped accepting orders because prices for hot-rolled coil, the base material for coated coils, continued to increase and producers wanted to reflect cost increases in their end-product prices.Fastmarkets' weekly price ass...Read More

EUROPE HRC: Trading activity slow, sentiment bearish

October 16, 2021 / www.metalbulletin.com

A lack of trading across Europe kept domestic prices for hot-rolled coil fairly stable on Friday October 15, sources told Fastmarkets.Bearish sentiment is prevailing in the market, supported by poor demand from the automotive sector and good domestic supplies. Buyers and sellers have mainly been holding back from making deals, with only limited volumes traded in Europe during the week, sources sai...Read More

Shipping disruptions to keep coffee prices high for longer, say experts

October 15, 2021 / www.kitco.com

NEW YORK, Oct 15 (Reuters) - Disruptions to transportation of coffee around the world, caused by container shortages and port congestion, will likely keep coffee prices high for a longer time since they make it more difficult for the market to rebalance supplies geographically.Coffee analysts and traders said on Friday during the annual conference organized by the Swiss Coffee Trade Association (S...Read More

Chicago corn, soybean futures bounce on technical buying, potential export demand

October 15, 2021 / www.kitco.com

* CBOT corn, soy firm on renewed hopes of increased exports* CBOT wheat turns higher on Paris rally* U.S. soybean crush hits three-month low in September (Recasts, updates with U.S. trading, adds analyst quote, changes byline and dateline, previous PARIS/SINGAPORE)CHICAGO, Oct 15 (Reuters) - Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of...Read More

POLAND WIRE ROD: Producers eye November price rise despite slow buying

October 16, 2021 / www.metalbulletin.com

Steel wire rod prices in Poland were broadly flat in the week to Friday October 15, while market sources expect producers to increase prices in November due to higher energy costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland remained at 3,800-3,900 zloty ($964-989) per tonne on Friday, unchanged from the previous we...Read More

Canada's Trudeau to recall parliament late Nov., opposition say he is wasting time

October 15, 2021 / www.kitco.com

OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau said on Friday he would reshuffle his cabinet on Oct. 26 and bring back Parliament in late November, prompting opposition complaints of time-wasting.Trudeau was re-elected to a third term in office on Sept. 20 but for the second time in a row only won a minority of seats in the House of Commons, which means he needs to cooperate with opposit...Read More

U.S. FDA delays decision on Moderna's COVID-19 vaccine for adolescents - WSJ

October 15, 2021 / www.kitco.com

(Reuters) -The U.S. health regulator is delaying its decision on authorizing Moderna Inc's COVID-19 vaccine for adolescents to check if the shot could increase the risk of heart inflammation, the Wall Street Journal reported on.wsj.com/3p3P5Zp on Friday, citing people familiar with the matter.Moderna's shares fell nearly 2% to $326.25 in midday trading after the report.The U.S. Food and Drug Adm...Read More

POLAND REBAR: Prices largely flat, market waits for increase

October 16, 2021 / www.metalbulletin.com

Poland's steel rebar market remained flat in the week to October 15, but sources expect producers to seek higher prices due to high energy costs, sources told Fastmarkets on Friday.Rebar offers from local mills were at 3,600-3,700 zloty ($913-938) per tonne ex-works, but some had already finished October sales and are yet to return with November offers."ArcelorMittal is expected to announce new pr...Read More

CHINA REBAR: Eastern prices stop rising on destocking need

October 16, 2021 / www.metalbulletin.com

Eastern China rebar prices lost upward momentum on Friday October 15 due to sellers' need to reduce inventories.DomesticEastern China (Shanghai): 5,770-5,800 yuan ($896-901) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,600-5,650 yuan per tonne, down by 200 yuan per tonneSellers expect prices will have little chance to rise in the remaining days of October, so...Read More

Oil prices scale $85/bbl on back of supply deficit

October 15, 2021 / www.kitco.com

(Reuters) -Oil prices jumped to a three-year high above $85 a barrel on Friday, on forecasts of a supply deficit over the next few months, spurred by rising demand due to the easing of travel restrictions.Brent crude futures were up 77 cents, or 0.9%, at $84.77 a barrel at 11:48 a.m. EST (1548 GMT). Front-month prices, which touched their highest since October 2018 at $85.10, were headed for a wee...Read More

Pig iron export market from southern Brazil up on new sales

October 16, 2021 / www.metalbulletin.com

The market for pig iron exports from the south of Brazil went up during the week to Friday October 15 because of new sales, Fastmarkets has heard.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $500 per tonne on Friday, up from $480-485 per tonne a week earlier.Two sales were heard at...Read More

Amazon-owned Twitch says source code exposed in last week's data breach

October 15, 2021 / www.kitco.com

Oct 15 (Reuters) - Amazon.com Inc-owned (AMZN.O) Twitch said on Friday that last week's data breach at the live streaming e-sports platform contained documents from its source code.Passwords, login credentials, full credit card numbers and bank details of users were not accessed or exposed in the breach, Twitch said in a statement.The platform, which is used by video gamers for interacting with...Read More

US PIG IRON: Prices up on positive global market mood

October 16, 2021 / www.metalbulletin.com

Prices in the United States' pig iron import market went up during the week to Friday October 15 amid an improved global market mood, sources told Fastmarkets. Fastmarkets' assessment of the price for pig iron, import, cfr Gulf of Mexico, US was $545-550 per tonne on Friday, up from $540 per tonne a week earlier.Offers of Russia-origin...Read More

ECB's Centeno says inflation rise still seen as temporary

October 15, 2021 / www.kitco.com

LISBON, Oct 15 (Reuters) - European Central Bank Governing Council member Mario Centeno reiterated on Friday that the monetary authority still considered the current preoccupying rise in inflation a temporary phenomenon based on all the analyses at its disposal. "The analysis is done with the information we have today, next month we will certainly have more information," he told an event in Lisbon...Read More

STEEL SCRAP WRAP: Sharp price increases across globe amid stronger demand

October 16, 2021 / www.metalbulletin.com

Higher demand in key consumer markets led to a jump in steel scrap prices across all major markets in the week to Friday October 15, sources have told Fastmarkets.?EUR?Turkey import prices spike amid limited supply, firm demand?EUR?Further price increases expected in US export market?EUR?High prices dissuade Vietnam buyers from more deals?EUR?China scrap demand recovers amid less stringent power r...Read More

Aaron Basile: Bitcoin Breaks Out, Passes Key Resistance...

October 15, 2021 / marketsanity.com

Carnivore Trades, Released on 10/15/21Become a Patron and receive exclusive swing trade alerts in real time, plus premium market commentary - https://www.patreon.com/carnivoretrades?>>?Weekend Analysis Videos Can Be Found at -https://www.youtube.com/channel/UC0iT...Follow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/aaronbasile/videosWebsite: https://...Read More

Gerald Celente: U.S. Now Bitcoin Capitol Of The World. Get Ready For Next Breakout

October 14, 2021 / marketsanity.com

Trends Research, Released on 10/14/21Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, r...Read More

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