LONDON/BRUSSELS, Nov 5 (Reuters) - The European Union said on Friday that Britain had made no move to seek a compromise on post-Brexit trade with Northern Ireland and cautioned London against triggering emergency unilateral provisions in the Brexit deal.Prime Minister Boris Johnson's Brexit negotiator David Frost ruled out immediately triggering such provisions, a move that would sour ties with th...Read More

Nov 5 (Reuters) - A trial of Pfizer Inc's (PFE.N) experimental antiviral pill for COVID-19 was stopped early after the drug was shown to cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease, the company said on Friday.The results appear to surpass those seen with Merck & Co Inc's (MRK.N) pill, molnupiravir, which was shown last month to halve t...Read More

(Updates prices, adds analyst comment)Nov 5 (Reuters) - Canada's main stock index scaled a record high on Friday, aided by strength in financial stocks and a slew of upbeat corporate earnings, putting the benchmark index on course for a weekly gain.At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 91.27 points, or 0.43%, at 21,433.4.Financials, which account...Read More

(Adds Tenreyro, last paragraph)LONDON, Nov 5 (Reuters) - The Bank of England's top monetary policy officials see "some need" to raise interest rates to fend off a jump in inflation even if most of them wanted to hold off from increasing borrowing costs this week, the BoE's new chief economist said."I think across the committee, there is a recognition that, at least on the basis of today's informat...Read More

AMSTERDAM, Nov 5 (Reuters) - Shares in Italian software maker MotorK slumped nearly 10% on Friday, the first day of trading after their initial public offering on Amsterdam Euronext,MotorK, whose software helps car dealerships manage their digital presence, as well as with sales and marketing, raised 75 million euros ($86 million) in the offering, selling a 36.4% stake in the company.The shares we...Read More

GLASGOW, Nov 5 (Reuters) - Cautious optimism has emerged that COP26 in Glasgow can clinch a global carbon market deal unlocking trillions of dollars of green investment, with even hold-out nation Brazil signalling a desire for compromise.With world leaders having left the UN climate summit after a flurry of speeches and announcements early this week, diplomats at COP26 are in the midst of two week...Read More

LONDON/BRUSSELS, Nov 5 (Reuters) - Britain will not trigger an emergency provision in its Brexit deal on Friday, its negotiator said on arriving for talks with the European Union's pointman aimed at overcoming disagreements over trade across the Irish border.The emergency measures, called Article 16, allows either side to take unilateral action if they deem their agreement governing post-Brexit tr...Read More

GLASGOW (Reuters) - For pioneering climate economist Nicholas Stern, the computer revolution of recent decades holds useful lessons about how the falling cost of green technology can be a game-changer, and why economists still struggle to measure and model its implications.To explain the economic stakes involved in ridding the global economy of carbon, the author of the landmark "Stern Review" dra...Read More

(Reuters) - Helion Energy, a fusion energy tech startup, on Friday said it raised $500 million to build a net positive electrical generator, one that creates more power than it uses.The latest round values the company at $3 billion. Helion said $1.7 billion in follow on investments were committed if it can prove its technology works, which would be a major step toward making fusion technology a pr...Read More

Nov 5 (Reuters) - Clean energy company Helion said on Friday it had raised $500 million in a funding round led by entrepreneur and veteran investor Sam Altman. (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy...Read More

LONDON, Nov 5 (Reuters) - The Bank of England said on Friday it would introduce new rules for its 20 billion-pound ($26.9 billion) Corporate Bond Purchase Scheme which would seek to favour companies which are doing more to reduce their impact on the climate."Firms will now also need to satisfy climate-related eligibility criteria for their bonds to be purchased by the CBPS, with purchases of eligi...Read More

Major companies in logistics and heavy industry have come together as part of an initiative launched by the World Economic Forum at the the 2021 United Nations Climate Change Conference - COP26 - in Glasgow to create a critical mass of demand for low carbon technologies aimed at decarbonising heavily polluting sectors.The First Movers Coalition, announced on November 4, is a partnership between th...Read More

(Reuters) - Shares of Emergent BioSolutions Inc tumbled 15% on Friday, following the termination of a U.S. government contract to reserve capacity and expand manufacturing of third-party COVID-19 vaccines at its sites.The contract manufacturer has come under regulatory fire after an accidental mix-up of ingredients ruined about 15 million doses of Johnson & Johnson's COVID-19 vaccine and prompted...Read More

TOKYO, Nov 5 (Reuters) - Japan's economy likely contracted in the third quarter as curbs to contain COVID-19 infections and supply constraints hit consumption and output, a Reuters poll showed, underscoring the slow pace of recovery from the pandemic's damage.While analysts expect growth to rebound in the current quarter, the weak data would reinforce expectations Japan will lag other countries in...Read More

Let’s face it, the metals are nothaving an easy time breaking out. Short-term rallies end up going nowhere andbearish signs are still in abundance.Yesterday’s session was once again quiteinformative, and so is today’s pre-market trading. In yesterday’s analysis, Iemphasized the importance of the relative weakness that we just saw in miningstocks, so let’s start with t...Read More

BEIJING, Nov 5 (Reuters) - China's export growth likely moderated slightly in October but remained strong due to robust global demand, easing global supply chain disruptions and a mitigating power crunch, while imports surged on energy demand, a Reuters poll showed on Friday.Exports are expected to have risen 24.5% in October from a year earlier, according to the median forecast of 22 economists i...Read More

SINGAPORE, Nov 5 (Reuters) - Last time the Federal Reserve moved toward reducing bond buying, it triggered a rush of funds out of emerging markets. This time is different, investors say, as they lay bets on sparkling returns extending in some of Asia's biggest developing economies.Indonesia, in particular, has stood out with equity inflows, a steady currency and even its notoriously volatile bond...Read More

With the OPEC+ meeting on Thursday,oil looks to be in a corrective phase, as pressure is on for more crude. Are welooking at bearish winds ahead?Crude oil prices have started theircorrective wave, as we are approaching the monthly OPEC+ group meeting onThursday, with some market participants now considering the eventuality of alarger-than-expected rise in production. U.S. API Weekly Crude Oil Stoc...Read More

Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.Among the drivers for lower prices, the CEO cited capacity usage in...Read More

BEIRUT (Reuters) - At Oriental Paper Products, a stationery factory outside Beirut, machinery sits idle and shifts have been reduced. The firm was already struggling amid Lebanon's financial crisis; a full-blown diplomatic row here with Saudi Arabia has made matters worse.Last week Riyadh extended a blockade on some goods from Lebanon to a blanket ban here, in response to criticism by a Lebanes...Read More