Author: News Room

Ex-intelligence chief says Pentagon doc leak isn’t as serious as Snowden leaks Former Director of National Intelligence James Clapper compares a recent leak of classified Pentagon documents that includes details on how the US spies on allies and foes, to Edward Snowden’s release of classified information in 2013. Read the full article here

The world’s largest gold miner Newmont has raised its offer for Australian rival Newcrest to $19.5bn as it bids to complete one of the largest takeovers of an Australian company and create a global powerhouse for the precious metal.Newmont first approached the Australian miner, which Newmont founded in the 1960s but demerged 30 years ago, in January. Its all-share bid in February valued the company at almost $17bn but was rejected by Newcrest’s board.The bid represented the start of a major consolidation wave in the global commodities sector, which has included BHP’s move on smaller rival OZ Minerals and Glencore’s…

What were some strong insider buys in Q1? We analyzed thousands of S-4 fillings to find companies that have experienced periods of unusually concentrated purchasing activity by their corporate insiders. We have attempted to emphasize companies that enjoyed buying across the board from multiple insiders, in quantities that were not recorded previously, often after a period of a selloff. In today’s article, we will center the focus of our analysis exclusively on large-cap stocks, but the series will be followed up with a first-quarter installment covering mid-caps and small-caps with a strong insider buying record. For this article, we defined…

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.The cryptocurrency market has been evolving rapidly in recent years. There are now numerous new projects emerging and established players vying for dominance. Among the countless tokens, Cardano (ADA), Polygon (MATIC), and RenQ Finance (RENQ) have emerged as the top contenders for future crypto leaders. Read on to find out why?Cardano (ADA) – The Smart Contract PlatformCardano (ADA) is a third-generation blockchain platform that aims to provide a more efficient and secure infrastructure for decentralized applications (dApps). Cardano (ADA) is the native token of the Cardano (ADA)…

By David Lawder WASHINGTON (Reuters) – International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing from its $40 billion Resilience and Sustainability Trust after an initial five had arranged loans. The facility was created last year to help channel excess IMF Special Drawing Rights reserves from wealthier countries to poor and vulnerable middle-income countries to provide long-term concessional financing for needs such as climate change adaptation and transitioning to cleaner energy sources. Georgieva told a Bretton Woods Committee event at the start of IMF and World Bank spring meeting week…

By Gabriel Burin BUENOS AIRES (Reuters) – Colombia’s peso will likely stay weak on signs the central bank is turning to a wait-and-see approach on interest rates, combined with downside pressures from the currency’s mismatch against oil prices, a Reuters poll showed. The Andean nation’s currency is set to trade at 4,800 per U.S. dollar at end-June, 4.2% softer than 4,600 on Monday, according to the median estimate of 24 foreign exchange strategists polled March 31-April 4. The peso was one of the worst-performing currencies in the world last year, losing a fifth of its value as investors fretted about…

MEXICO CITY (Reuters) – Mexican authorities announced Monday a working group will investigate the impact of genetically modified (GM) corn imports on the country’s tortillas, a national staple typically made from cornflour, amid a trade dispute with the United States. The United States has requested trade consultations with Mexico after its government moved to restrict imports of GM corn, arguing it can contaminate Mexico’s ancient native varieties and have negative impacts on human health. The U.S., which says Mexico’s claims lack scientific backing, requested consultations under a chapter of the North American trade agreement on food security, which calls for…

© Reuters. FILE PHOTO: A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. REUTERS/Brendan McDermid WASHINGTON (Reuters) -The U.S. Federal Trade Commission opened a new front in its fight against the Intercontinental Exchange (NYSE:) deal to buy Black Knight (NYSE:) by asking a federal court for a preliminary injunction to halt the deal while its internal administrative process moves forward. The agency on March 9 said it would seek to stop New York Stock Exchange parent Intercontinental Exchange from acquiring mortgage data vendor…

Investors in the U.S. stock market will be closely watching Wednesday’s inflation report as it would be one of the last key data points before the Federal Reserve’s next interest-rate move.Employment data for March, released on Friday, indicated a resilient labor market, and was viewed as boosting the chances of another 25-basis-point rate hike next month.  The March CPI reading from the Bureau of Labor Statistics, which tracks changes in the prices paid by consumers for goods and services, is expected to show a 5.2% rise from a year earlier, slowing from a 6% year-over-year rise in the previous month,…