Gold marches higher; up ₹120 on festive demand, weaker rupee

Pound slides after report EU refers to Brexit deal impossible without U.K. concession

The British pound came under pressure on Wednesday as concerns grew that EU and U.K. negotiators huddled in Brussels were at an impasse over an exit deal. The pound GBPUSD, -0.3207% slid below $1.27 after Bloomberg reported an EU official said a Brexit agreement was impossible without more concessions from the U.K. The development comes after Democratic Unionist Party raised objections to Johnson’s proposals. Negotiators working through the night were unable to reach a compromise, meaning talks could run into Thursday’s European Union summit.

Commerce Bancshares Q3 Earnings Top Estimates – Quick Facts

Commerce Bancshares, Inc. (CBSH) reported earnings of $0.98 per share for the third quarter, flat with last year. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.92 per share for the quarter. Analysts’ estimates typically exclude special items.

Total revenue for the quarter improved year-over-year to $336.26 million from $331.47 million. Analysts expected revenue of $337.57 million for the quarter.

CEO John Kemper said, “We are pleased to announce another quarter of strong operating results, driven by growth in our diversified, fee-based businesses.”

Total assets at September 30, 2019 were $25.9 billion, total loans were $14.5 billion, and total deposits were $20.3 billion.

‘EVALI’ Is The New Name Given To Vaping-related Lung Illness

The Centers for Disease Control and Prevention or CDC has given the name ‘EVALI’ for lung injuries caused by the use of e-cigarette, or vaping products. EVALI stands for ‘e-cigarette, or vaping, product use associated lung injury’.

In its latest Morbidity and Mortality Weekly Report, the agency said that as of October 8, 26 deaths have been reported from 21 states due to EVALI. Further, 1,299 cases of lung injury have been reported from 49 states, the District of Columbia, and one U.S. territory. Of these cases, majority were using THC-containing products.

In its update for the health care providers of patients with EVALI, the CDC urged that an increased understanding of treatment considerations could reduce morbidity and mortality associated with this injury.

CDC has issued a framework for health care providers in their initial assessment, evaluation, management, and follow-up of persons with symptoms of EVALI.

CDC, the Food and Drug Administration, various health departments, and other clinical and public health partners are investigating a multistate outbreak of EVALI in the United States.

A recent study by the NYU School of Medicine found that exposure to the smoke of e-cigarette with nicotine caused lung cancer in mice. E-cigarettes were introduced as safe alternatives to tobacco smoking.

Sweden’s indigenous Sami people threatened by climate change

Global warming is putting the lifestyles of Arctic indigenous people under threat and creating grievances with governments over how to fix it.

    The indigenous Sami people have lived across Norway, Finland, Russia and Sweden in the Arctic region for thousands of years.

    Their traditions and way of life are intimately connected to the Arctic north.

    But a warming planet is putting that under threat and is creating grievances with governments over how to fix it.

    Al Jazeera’s Paul Rhys reports from Lappland in Sweden.

    Syrian army takes control of military bases left behind by U.S. forces: Russian state TV

    MOSCOW (Reuters) – The Syrian army has taken control of military bases in northeast Syria that were abandoned by U.S. forces, Russian state TV reported on Wednesday.

    President Tayyip Erdogan has dismissed U.S. calls for a ceasefire in northeast Syria despite Russia ratcheting up international pressure on Ankara over its “unacceptable” week-long military operation against Kurdish-led forces.

    Sensex rises for 4th straight session, up 93 points

    Rising for the fourth straight session, equity benchmark BSE Sensex advanced 93 points on Wednesday, driven by finance and energy stocks amid mixed global cues.

    After swinging 250 points in a volatile session, the 30-share Sensex ended 92.90 points, or 0.24%, higher at 38,598.99. It hit an intra-day high of 38,666.38 and a low of 38,416.67.

    The broader NSE Nifty rose 35.70 points, or 0.31%, to settle at 11,464.

    Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57%.

    On the other hand, Hero MotoCorp, Vedanta, Asian Paints, NTPC, ITC, PowerGrid, SBI and Tata Motors fell up to 2.73%.

    Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo ended on a positive note, while those in Shanghai settled in the red.

    Exchanges in Europe were also trading lower in their respective early sessions on reports that Tuesday’s talks brought British and European negotiators closer to a Brexit deal but failed to confirm an elusive breakthrough.

    Meanwhile, the Indian rupee appreciated 17 paise to 71.37 against the US dollar intra-day.

    Brent crude futures, the global oil benchmark, fell 0.17% to USD 58.64 per barrel.

    World Beach Games: Football history being made in Doha

    The stars of women’s beach football are taking their sport to new levels in Doha.

      Football history is being made at the World Beach Games here in Qatar.

      For the first time, women’s national teams are facing off in a global championship.

      Al Jazeera’s Sohail Malik reports.

      Gold marches higher; up ₹120 on festive demand, weaker rupee

      Gold prices on Wednesday advanced ₹120 to ₹39,030 per 10 gram in the national capital on festive demand and weaker rupee, according to HDFC Securities.

      Silver also jumped by ₹489 to ₹46,809 per kilogram here from its previous close of ₹46,320 per kilogram.

      On Tuesday, gold closed at ₹38,910 per 10 gram.

      Spot gold prices for 24 Karat in Delhi were trading higher by ₹120 at ₹39,030 on festival demand and weaker rupee, HDFC Securities Senior Analyst – Commodities Tapan Patel said.

      Spot rupee was trading 8 paise weaker against dollar during the day, he added.

      Gold was trading higher at USD 1,485 an ounce in the international market, while silver quoted flat at USD 17.33 per ounce.

      The US-China trade deal jitters and developments on Brexit may keep gold prices on the edge in near term, he added.