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HARARE, Oct 31 - Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.The country, which adopted the use of the United States dollar in 2009 to tame hyperinflation, is gripped by acute shortages of greenbacks. Prices of basic goods, public taxis and medicines have risen in the last few we...Read More

Pullbacks to key trendlines have been bullish for the stocks in the pastIt's been a pretty brutal October all around, with the S&P 500 staring at its worst monthly loss since 2010. However, a pair of healthcare stocks are flashing buy signals after their recent pullbacks -- and just ahead of earnings next week: Viking Therapeutics Inc (NASDAQ:VKTX) and Bausch Health Companies Inc (NYSE:BHC) (forme...Read More

HARARE, Oct 31 - Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.The country, which adopted the use of the United States dollar in 2009 to tame hyperinflation, is gripped by acute shortages of greenbacks. Prices of basic goods, public taxis and medicines have risen in the last few we...Read More

Options bears have been loading up on puts ahead of GPRO's third-quarter resultsMobile camera firm GoPro Inc (NASDAQ:GPRO) is set to report third-quarter earnings after the market closes this Thursday, Nov. 1. Ahead of the event, analysts are expecting GPRO to report a loss of 6 cents per share on $272.3 million in revenue -- down from its year-ago profit of 15 cents per share on $329.8 million in...Read More

NEW YORK (Reuters) - U.S. consumers filed fewer loan applications to buy and refinance homes, while home borrowing costs were mixed with 30-year mortgage rates unchanged on the week, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group said its seasonally adjusted index on mortgage requests fell 2.5 percent to 329.5 in the week ended Oct. 26. It hit 322.1 two week...Read More

BEIJING (Reuters) - China’s manufacturing sector in October expanded at its weakest pace in over two years, hurt by slowing domestic and external demand, in a sign of deepening cracks in the economy from an intensifying trade war with the United States.Anxiety about China’s cooling growth and its likely drag on the global economy have vexed financial markets recently, and Wednesday&rsq...Read More

SEATTLE/ORLANDO, Fla. (Reuters) - SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth.Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office, the culmination of disagreements over th...Read More

Glencore Plc's coal mining business will eclipse its copper unit next year and become the world's biggest commodity trader's most profitable operation.Despite making a lot of noise about its electric vehicle-focused mines such as nickel, copper and cobalt, Glencore has continued to buy more coal assets, adding rival Rio Tinto's Australian operations to its portfolio this year. That, along with soa...Read More

Key collaborations are lifting the stocks from all-time-low territoryA pair of penny stocks are notably higher in early trading: KemPharm Inc (NASDAQ:KMPH) and OpGen Inc (NASDAQ:OPGN). KMPH stock is soaring after a licensing deal with KVK Tech to commercialize its opioid painkiller, Apadaz, and the drug developer will receive up to $3.4 million in pre-launch funds, and could get up to $53 million...Read More

WASHINGTON (Reuters) - Chinese intelligence officers conspired with hackers and company insiders to break into private companies’ computer systems and steal information on a turbo fan engine used in commercial jetliners, according to a U.S. indictment unsealed on Tuesday.The indictment said that at the time of the hacks, a Chinese-state owned aerospace company was working to develop a compar...Read More

BERLIN (Reuters) - A slim majority of Germans would like the Social Democrats (SPD), junior partners in Angela Merkel's coalition, to leave the government, with only the supporters of the chancellor's own conservatives keen for them to stay, a poll showed.The survey, conducted by pollster Civey for news portal t-online.de, strengthens the hand of the SPD's more radical wing, who say that the party...Read More

LONDON (Reuters) - British investors increased their fixed-income holdings and cut back their stock exposure in October, although they took a shine to North American companies within their equity allocations.Across global balanced portfolio strategies, exposure to bonds rose to 28.2 percent in October from 26.8 percent in September, reaching their highest level in a year, according to Reuters&rsqu...Read More

JOHANNESBURG, Oct 31 - South Africa's Impala Platinum (Implats) said on Wednesday it was in talks to sell its 1 Shaft operation in Rustenburg in a move to make its struggling mines profitable, sending its shares higher.Implats plans to trim staff by about a third - more than 13,000 jobs - over two years at its labour-intensive, conventional operations in the Rustenburg platinum belt, where its 1 S...Read More

NEW YORK (Reuters) - Gridlock, Blue Sweep or Red Repeat? Wall Street is closely watching the U.S. midterm Congressional elections next week, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results.Should his fellow Republicans maintain or extend their grip on Congress, President Donald Trump may be emboldened to pursue more of his polit...Read More

Gold has dipped back below the 100-day moving average, whichis currently just shy of $1,220 per troy ounce, says Commerzbank. As of 9:35a.m. EDT, spot gold was $8.90 lower to $1,213.70 an ounce. “A firmer U.S.dollar and a noticeable recovery on the global stock markets are weighing onits price,” Commerzbank says. “Thus the technical picture has also becomesomewhat more gloomy aga...Read More

(Reuters) - Oil is likely to stay above $75 a barrel, fueled by supply disruptions exacerbated by U.S. sanctions on Iran, but further gains could be limited as economists and analysts see demand growth slowing next year due to trade wars and economic weakness.A survey of 46 economists and analysts forecast Brent crude LCOc1 to average $76.88 a barrel in 2019, up from the $73.75 forecast in Septemb...Read More

Canada's Barrick Gold and takeover target Randgold Resources are boosting their dividend payouts ahead of shareholder votes next week on their $6.1 billion deal, the miners said Wednesday.Barrick's all-stock purchase of the African miner, announced in September, spurred some analyst criticism because it lacked a premium for Randgold, which has a record of strong operational and financial performan...Read More

Canada's Barrick Gold and takeover target Randgold Resources are boosting their dividend payouts ahead of shareholder votes next week on their $6.1 billion deal, the miners said Wednesday.Barrick's all-stock purchase of the African miner, announced in September, spurred some analyst criticism because it lacked a premium for Randgold, which has a record of strong operational and financial performan...Read More

Africa-focused Gem Diamonds (LON:GEMD) said Wednesday it's on track to meet its long-term targets, as third-quarter production rose 27% in the three months to Sep. 30, when compared to the same period last year.The company, which has found over a dozen of huge precious rocks at its flagship Let??eng mine in Lesotho this year, now expects to recover 120,000 carats to 124,000 carats of diamonds...Read More