Gold miner Newmont misses profit estimates on mining disruptions, higher costs

By Sourasis Bose (Reuters) -Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world’s largest gold miner down on Thursday. Since early June, Newmont’s operations at Penasquito mine in Mexico has remained suspended in response to a labor strike notice, hurting output. Newmont last month told Reuters it declared…

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Investor group nears $125 million deal for CoinDesk – WSJ

(Reuters) – A group led by blockchain investors Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media firm CoinDesk, the Wall Street Journal reported on Thursday, citing people familiar with the matter. CoinDesk is currently owned by crypto conglomerate Digital Currency Group (DCG), which bought it in 2016. Any sale…

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Top US House Republican denies deal with Trump to expunge impeachments

By Moira Warburton and Josephine Walker WASHINGTON (Reuters) -The top Republican in the U.S. House of Representatives said on Thursday he did not promise Donald Trump that he would pass a measure aimed at expunging the former president’s two impeachments. “There’s no deal,” House Speaker Kevin McCarthy told NBC following a report by the Politico…

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Abbott’s strong medical device sales drive upbeat quarter as surgeries rebound

By Khushi Mandowara and Pratik Jain (Reuters) -Abbott Laboratories on Thursday beat quarterly profit expectations as a rebound in surgical procedure volumes drove demand for medical devices despite high inflation-driven costs, sending shares up by nearly 4%. Demand for medical devices and non-COVID-19 testing is expected to rise this year, as older adults in particular…

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China, U.S. climate envoys agree to maintain close communication after talks

BEIJING (Reuters) – China and the United States agreed to maintain close communications after climate envoys from both countries met in Beijing, China’s environment ministry said on Thursday. China’s climate envoy Xie Zhenhua and his U.S. counterpart John Kerry discussed policy measures and progress on actions both countries have taken to address climate change, the…

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Some U.S. companies still failing to meet conflict minerals rules, GAO says

NAIROBI (Reuters) – Some U.S. companies buying minerals from countries including the Democratic Republic of Congo and its eastern neighbours are still failing to properly authenticate that the metals don’t come from conflict zones, the U.S. Government Accountability Office (GAO) said in a report. A number of companies sourcing minerals such as tin, tungsten, tantalum…

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