LONDON, Oct 22 (Reuters) - Writing about the Bank of England may be more an art than a science, but that hasn't stopped two of the central bank's more enterprising researchers from corralling financial journalists into their economic models.In a paper published on Friday that aims to improve the central bank's communication with the public, the researchers start with a bold assumption about journa...Read More
The price of nickel sulfate in China was unmoved in a cautious market during the week to Friday October 22, amid fears of an oversupply of material and despite volatile nickel prices, sources told Fastmarkets.Nickel prices on the Shanghai Futures Exchange hit an all-time high on October 21, and closed at 155,880 yuan ($24,366) per tonne, on news of a possible export ban on raw materials from Indon...Read More
(Reuters) -Shares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump's new social media company soared again on Friday but trading was halted multiple times due to volatility, with small-time investors talking up the stock on social media.Digital World Acquisition Corp's shares were last up $162.7% 162.7% at $119.52 after earlier hitting a high of...Read More
JOHANNESBURG, Oct 22 (Reuters) - South Africa will tell rich countries at climate talks next week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks to help end its own reliance on coal.Addressing journalists on the position of Africa's most industrialised economy at the COP26 talks in Glasgow from...Read More
* C.bank lifts key rate by 75 bps to 7.5%* Rouble jumps to near 16-month high vs dollar on rate hike* Rouble hits 69.8150 vs dollar, touches 81.2825 vs euro* Higher rates make rouble assets more attractive, says c.bank (Updates prices, adds c.bank comment, bullets)MOSCOW, Oct 22 (Reuters) - The Russian rouble jumped past 70 versus the U.S. dollar for the first time in almost 16 months on Friday af...Read More
Indian domestic prices for steel hot-rolled coil have risen by about 1,500 rupees ($20) per tonne in the week to Friday October 22, with most mills announcing price rises.Mills raised their HRC prices with demand increasing on active restocking by traders and a sharp increase in spot prices.Mills had raised their domestic HRC prices by about 1,000 rupees per tonne in the second week of October.The...Read More
Oct 22 (Reuters) - Investors ramped up purchases in U.S. equity funds in the week to Oct. 20, as investors eyed better than expected third-quarter earnings from U.S. companies.Investors bought a net $4.78 billion in U.S. equity funds in the week, marking the largest weekly net purchase since mid-September, Lipper data showed.Refinitiv data shows 77% of U.S. companies have so far topped their conse...Read More
(Adds detail, context)NEW DELHI, Oct 22 (Reuters) - Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India's biggest ever IPO, a source familiar with the matter told Reuters on Friday.Paytm was planning its initial public offering for around the end of October, Reuters previously reported.The company,...Read More
BEIJING, Oct 22 (Reuters) - Tencent's (0700.HK)WeChat has fixed a glitch that allowed some of its content to be searchable by external search engines, the owner of China's most popular messaging app said on Friday, raising questions over regulators' latest attempt to crackdown on the internet sector.Some of WeChat's content, including articles on its public accounts page, was briefly searchable i...Read More
Domestic hot-rolled coil prices across Europe were stable on Friday October 22, after declining earlier in the week, sources told Fastmarkets.Bearish sentiment among buyers in northern Europe and Italy was driven by reduced demand from the automotive industry caused by the ongoing global semiconductor shortage and competitive import offers from Central Europe. Automotive steel consumption is estim...Read More
Oct 21 (Reuters) - Tesla Inc (TSLA.O) wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near its U.S. factories.The world's two biggest economies have yet to resolve disputes over tariffs, intellectual property rights and Chinese incursions into Taiwan's...Read More
Spot prices for hot-rolled coil in China fell sharply on Friday October 22 following the tumble in futures prices on Thursday triggered by Beijing's moves to rein in soaring coal prices.Domestic Eastern China (Shanghai): 5,550-5,600 yuan ($869-877) per tonne, down by 150-160 yuan per tonne Northern China (Tangshan) weekly assessment: 5,550-5,620 yuan ($869-880) per tonne, down by 160-170 yu...Read More
Oct 22 (Reuters) - Honeywell International Inc (HON.O) on Friday cut its full-year sales forecast, as global supply chain disruptions cause a shortage of parts and components for the U.S. industrial conglomerate.Closed ports due to a resurgence of COVID-19 cases in Asia, aggravated by the fast-spreading Delta variant, and labor shortages have strained global supply chains as well as led to a sur...Read More
Steel wire rod prices in Poland have remained broadly unchanged over the past seven days, but the market was expected to move up in November amid high costs for producers, source told Fastmarkets on Friday October 22.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, remained at 3,800-3,900 zloty ($962-987) per tonne on Friday, unchanged from the...Read More
WASHINGTON, Oct 22 (Reuters) - A U.S. regulator handed a record reward of almost $200 million in a whistleblower case, with sources familiar with the matter identifying the recipient as a former Deutsche Bank employee.The U.S. Commodity Futures Trading Commission (CFTC) announced the award on Thursday, without disclosing details about the whistleblower or the case. It said the award was for "nearl...Read More
I LOVE PROSPERITY, Released on 10/22/21Bill Holter joins us to talk about the IRS proposal to track $600 transactions, the latest moves in the silver and gold market, plus much more.Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail...Read More
Kinesis Money, Released on 10/22/21To celebrate 50 episodes of demystifying the precious metals markets, Andrew Maguire takes the LFV audience for a sneak peek at the 20 tonnes of .9999 silver sitting in Kinesis' new Liechtenstein vault.In more silver news, the life-long wholesaler shares word of new, unprecedented demand entering the physical silver market, with the impact on the paper-driven pri...Read More
David Moadel, Released on 10/21/21David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style. david moadel, economy, inflation...Read More
Valuetainment, Released on 10/22/21Patrick Bet-David sits down with Sgt. Craig Harrison. Craig Harrison is a former Corporal of Horse in the Blues and Royals, a cavalry regiment of the British Army, who held the record for the longest confirmed sniper kill in combat, at a range of 2,475 m (2,707 yd).Craig Harrison (born November 1974) is a former Corporal of Horse (CoH) in the Blues and Royals, a...Read More
Oct 22 (Reuters) - Top oilfield firm Schlumberger NV (SLB.N) reported a rise in third-quarter adjusted income on Friday, buoyed by higher demand for its services and equipment, as producers capitalize on a rebound in crude prices.Global oil prices have climbed nearly 64% since the start of 2021 to over $85 a barrel on the back of a vaccine-fueled demand recovery. The worldwide rig count was 1,44...Read More