Orla Mining Ltd. [OLA-TSX] announced second quarter 2023 financial results that were in line with street forecasts and said unit costs are trending lower at its Camino Rojo gold mine in Zacatecas, Mexico The company said unit costs are trending lower as fewer waste tonnes were mined due to limited pit access related to permitting … Read more
The Internal Revenue Service and the Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by a provision in last year’s Inflation Reduction Act to allow Medicare to negotiate on the prices of many medications. Notice 2023-52 says the IRS and the Treasury will … Read more
NEOFX, the European low-cost FX provider for mid-sized companies, reports an increased interest from companies across Europe to cut FX costs related to import and export by using NEOFX’s services. Managing Director NEOFX, Thomas Morten Jensen explains: “We have seen a massive surge in European companies coming to us for competitive FX rates because it … Read more
GBP/USD and EUR/GBP Analysis and Charts GBP/USD is down one cent over the week in thin trade. EUR/GBP remains rangebound. Recommended by Nick Cawley How to Trade GBP/USD UK Breaking News: BoE Hikes by 25bps to 15-Year High The Bank of England raised interest rates by 25 basis points on Thursday, in line with market … Read more
Markets: Gold up $8 to $1941 US 10-year yields down 14.5 bps to 4.04% WTI crude up $1.10 to $82.65 EUR leads, CAD lags S&P 500 down 24 points, or -0.5% The initial reaction to the non-farm payrolls report was to sell the dollar but then the market had a look at the higher wage … Read more
Turkey’s inflation rate resumed growth in July after eight months of slowdown, rising to 47.83 percent. The hotels, restaurants, and cafes segment, as well as health care and food and beverages, were particularly expensive. Housing costs rose the least. Expected growth On a month-on-month basis, prices rose by 9.49 percent after rising by 3.92 percent … Read more
By Greg Demchak, Senior Director, Digital Innovation Lab at Bentley Systems Collaborating on infrastructure design in the metaverse is not a concept based far in the future. In fact, thanks to game engine technology, it is happening right now and it is building momentum. Design teams are working openly using a range of devices with … Read more
Sponsored by Magnetika The Spanish company opens a funding round through Crowdcube to bring its technology to market and scale globally. Magnetika has created a patented technology that allows remote charging of devices without the need for alignment and with high efficiency, cutting the need for the unsustainable use of cables. Magnetika, a leading Spanish … Read more
Defense Metals Corp. [DEFN-TSXV; DFMTF-OTCQB; 35D-FSE] has engaged Hatch Ltd. and SRK Consulting (Canada) Inc. as principal consultants for the completion of a preliminary feasibility study (PFS) regarding its 100%-owned Wicheeda rare earth element (REE) project located near Prince George, Canada. SRK is one of four key consultants chosen by Defense Metals to facilitate the … Read more
The Internal Revenue Service is trying to fully staff its in-person Taxpayer Assistance Centers around the country and set up temporary ones in remote areas where taxpayers can meet face-to-face with IRS employees, but first it has to make them easier to locate, according to a new report. The report, released Thursday by the Treasury … Read more