Latest news

East European Countries
Jul 12, 2024

NORDIC POWER-Front-quarter rates fall on increasing water levels

Nordic frontquarter power rates edged lower on Tuesday, took down by wetter weather report and increasing water levels in the hydropowerreliant area. * The Nordic front-quarter contract...

Ukraine
Jul 12, 2024

High power costs might shut down Ukraine's leading maker of iron ore concentrate

Ukraine's significant iron ore concentrate manufacturer, Ingulets GOK, might stop production due to problems with electrical power supplies and the high expense of imported electricity, specialised news...

Crude Oil
Jul 12, 2024

OPEC stays with 2024 oil demand growth forecast, however trims Q1 view

OPEC on Tuesday stayed with its forecast for relatively strong growth in international oil need in 2024, despite lower than anticipated usage in the very first quarter,...

Asia / Pacific
Jul 12, 2024

India eyes oil deals with countries including Russia, minister states

Indian Oil Minister Hardeep Singh Puri on Tuesday announced that staterun Bharat Petroleum Corp prepares to build a brand-new refinery and the country is looking at signing...

Western Europe
Jul 12, 2024

Gold ticks lower ahead of United States inflation information, Fed outlook

Gold costs edged lower on Tuesday showing an uptick in the U.S. dollar as investors positioned ahead of an important U.S. inflation report and the Federal Reserve's...

Saudi Arabia
Jul 12, 2024

From London to New York City: Aramco boss's quest to entice financiers

Aramco manager Amin Nasser went versus his banking advisors' guidance to go directly to New York for a roadshow where the state oil giant's shares were on...

South America
Jul 12, 2024

Chile's Humboldt penguins could face termination as population plummets

The Humboldt penguin population has actually significantly decreased in locations along the main coast of Chile, making them among the most vulnerable of the world's 18 penguin...

Asia / Pacific
Jul 12, 2024

Chinese automakers devoted to Europe despite EV tariff probe, industry group says

Chinese automakers' strategies to invest in Europe won't be deflected by the EU's antisubsidy probe into Chinesemade electric vehicles, a leading Chinese vehicle market association stated on...

ASEAN Countries
Jul 12, 2024

VEGOILS-Palm oil ticks up on lower rapeseed forecasts

Malaysian palm oil futures increased Tuesday, reversing midday losses, as lower rapeseed forecasts eclipsed U.S. soybean scores, which were as anticipated. The benchmark palm oil agreement for...

Asia / Pacific
Jul 12, 2024

Indian shares stay muted ahead of Fed choice, inflation information

Indian shares closed flat on Tuesday, coming off a sharp increase last week, as financiers moved on from election related news to focus on upcoming inflation data,...

North America
Jul 12, 2024

As Supreme Court decisions loom, a legal assault is deteriorating SEC's power

A legal attack on the U.S. Securities and Exchange Commission is trying its powers to supervise Wall Street and is likely to magnify with 2 impending Supreme...

Crude Oil
Jul 12, 2024

MORNING BID AMERICAS-Apple's AI push and the problem with Europe

A look at the day ahead in U.S. and international markets by Amanda Cooper. To anybody enjoying the stock market over the in 2015, it would appear...

Hong Kong
Jul 12, 2024

European possessions stabilise as investors procedure French politics

European assets found some footing on Tuesday, a day after the statement of a breeze election in France had actually driven them lower, while investor attention began...

Japan
Jul 12, 2024

Japan's Nippon Life announces shift finance guidelines

Japan's Nippon Life Insurance on Tuesday revealed standards for extending transition financing loans to steelmakers and utilities, which it hopes will function as a standard for domestic...

ASEAN Countries
Jul 12, 2024

Indonesia thinks about ending licenses for some nickel pig iron production

The Indonesian government is carrying out an extensive evaluation relating to the termination of permits for the RKEF smelters which make products in the kind of ferronickel...

Asia / Pacific
Jul 12, 2024

Base metals fall on weak yuan, LME aluminium discount broadens

A lot of nonferrous metals fell on Tuesday as a weaker yuan minimized the buying power of Chinese buyers, while high stocks and weak demand pressured aluminium...

Europe
Jul 12, 2024

Area prices rise on anticipated wind decrease, slow need

Trigger power cost got in European wholesale market trading on Tuesday, buoyed by an expected drop in wind on the day ahead, however they were capped by...

Asia / Pacific
Jul 12, 2024

Gold slips as markets eye Fed outcome, CPI data

Gold rates fell on Tuesday with investors waiting for a key U.S. inflation reading and the Federal Reserve's policy statement for cues on when the central bank...

Asia / Pacific
Jul 12, 2024

Saudi crude oil exports to China to succumb to 3rd straight month in July, sources state

Saudi crude oil exports to China will fall in July for a 3rd straight month to about 36 million barrels in the middle of plant maintenance and...

Asia / Pacific
Jul 12, 2024

RUBBER-Japan futures extend decreases tracking lower physical costs

* Japanese rubber futures extended decreases on Tuesday to track lower physical costs, while uncertainty on rubber yields also weighed on investor sentiment. * The Osaka Exchange...

ASEAN Countries
Jul 12, 2024

VEGOILS-Palm oil gives up gains on weaker rivals, exports issues

Malaysian palm oil futures reversed course to fall on Tuesday on weaker rival oils and lower export expectations in June, although a weaker ringgit restricted losses. The...

Asia / Pacific
Jul 12, 2024

Asia stocks mindful as EU politics muddies the state of mind

Asian stocks remained in a. protected state of mind on Tuesday as financiers considered fresh political. unpredictability in European markets after rightwing gains in. elections and a...

Asia / Pacific
Jul 12, 2024

Indian shares inch higher led by IT, energy shares; Fed in focus

Indian shares rose on Tuesday, helped by gains in information technology and energy stocks, with investors keenly waiting for a key U.S. inflation reading and the Federal...

Brazil
Jul 12, 2024

China's strong iron ore imports contrast with weak steel output: Russell

The strength in China's iron ore imports this year stands in plain contrast to the weak point in steel production and need, setting up a. predicament as...

Asia / Pacific
Jul 12, 2024

Base metals fall as yuan deteriorates, LME aluminium discount widens

The majority of base metals rates fell on Tuesday, as a weaker yuan decreased the acquiring power of Chinese purchasers, while high stocks and weak demand pressured...

Spain
Jul 12, 2024

Spain's Criteria drops takeover plan for Naturgy with Abu Dhabi's TAQA

Spanish holding firm Requirements said on Monday it had actually not reached an agreement with Abu Dhabi's TAQA over a potential joint takeover bid for Spanish gas...

Wind Farms
Jul 12, 2024

RWE, Masdar’s 3GW Dogger Bank South Offshore Wind Farms Enter Next Stage

RWE and Masdar have achieved a key milestone for the Dogger Bank South (DBS) Offshore Wind Farms as the Development Consent Order (DCO) application has been accepted...

North America
Jul 12, 2024

Eku Energy intends to expand its worldwide battery storage to 9 GWh by 2028

Battery storage business Eku Energy aims to expand its international energy storage capacity to 9 gigawatthours by 2028 from about 1.3 GWh now, to assist speed up...

Crude Oil
Jul 12, 2024

MORNING quote EUROPE-Markets look to constant from political tremblings

A take a look at the day ahead in European and global markets from Wayne Cole. Asian markets have been meticulously gauging the fallout from the success...

Mining
Jul 12, 2024

Indonesia senior minister states to accelerate nickel, tin tracking system

Indonesia is accelerating its plan for the execution of its nickel and tin supply chain tracking system, stated Luhut Pandjaitan, a senior cabinet minister supervising mining. Indonesia...

Asia / Pacific
Jul 11, 2024

VEGOILS-Palm rises on crude oil strength, weaker softs cap gains

Malaysian palm oil futures followed crude oil prices higher on Tuesday, although gains were limited by weaker soft oils. The benchmark palm oil agreement for August delivery...

Asia / Pacific
Jul 11, 2024

RUBBER-Japan futures edge down on profit taking

* Japanese rubber futures edged down on Tuesday on earnings taking in view of increased uncertainty on rubber yields and top consumer China's stockpiling decisions, although higher...

Asia / Pacific
Jul 11, 2024

Asia stocks range-bound as EU politics adds brand-new threats

Asian stocks traded in a. narrow variety on Tuesday, as financiers contemplated fresh political. uncertainty in European markets after rightwing gains in. elections and a snap poll...

Asia / Pacific
Jul 11, 2024

Financial Times - June 11

The following are the top stories in the Financial Times. has not confirmed these stories and does not vouch for their accuracy. Headlines - BP toughens workplace...

Saudi Arabia
Jul 11, 2024

OPEC? surprise triggered record hedge fund oil sales: Kemp

Portfolio financiers offered record volumes of petroleum last week after OPEC? amazed the market by announcing plans to increase production beginning with the fourth quarter of 2024....

North America
Jul 11, 2024

Oil rates extend rally on prospective U.S. crude purchase for reserve

Oil costs increased on Tuesday, extending the previous day's rally on hopes of greater seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though...

Mexico
Jul 11, 2024

Mexico's Sheinbaum to press forward with judicial reform, peso depressions

Mexican Presidentelect Claudia Sheinbaum said on Monday she would motivate broad conversations over proposed constitutional reforms, including a. judicial overhaul that has alarmed markets, before the next....

China
Jul 11, 2024

China's reserve bank to return to gold purchasing as costs ease, experts say

China, the biggest main sector buyer of gold, is expected to resume its bullion shopping spree when costs reduce from the record highs hit in May, as...

Australia
Jul 11, 2024

New Zealand ends strategies to rate farming emissions

New Zealand on Tuesday ended a plan to put a price on farming emissions including methane produced by burping sheep and cattle, relenting to farmer pressure that...

Vietnam
Jul 11, 2024

Vietnam eyes greener power however rely on coal to prevent blackouts

Lights are off and a/c is down at the headquarters of Vietnam's staterun electrical energy provider EVN as the nation's. leading power utility tries to lead by...

China
Jul 11, 2024

Vietnam to let business import gold for first time in years, industry official says

Vietnam is anticipated to allow companies to import gold for the very first time in over a. years, as it aims to bridge the expanding gap in...

East European Countries
Jul 11, 2024

US orders Endeavor Global LNG to offer clients files about problems

A U.S. regulator on Monday bought liquefied gas designer Endeavor Global LNG to offer clients with documents about the mechanical issues and start-up of a Louisiana plant....

United Kingdom
Jul 11, 2024

California looks for company profits in Big Oil climate suit

California's attorney general on Monday sought to require the world's biggest oil business to give up earnings the state alleges they made while deceiving consumers about their...

United States
Jul 11, 2024

California seeks company profits in Big Oil climate suit

California's chief law officer on Monday sought to force the world's greatest oil companies to give up revenues the state declares they made while tricking consumers about...

United States
Jul 11, 2024

Oil rates up 3% to one-week high on hopes of higher summer fuel demand

Oil prices climbed up about 3% to a oneweek high on Monday, buoyed by hopes of rising fuel demand this summertime in spite of a stronger U.S....

Brazil
Jul 11, 2024

J&F's Ambar mulls taking control of Amazonas power supplier, sources say

Ambar Energia, a. Brazilian energy company owned by conglomerate J&F, is mulling the. possibility of taking control of electricity distributor. Amazonas Energia, two sources with understanding of...

Asia / Pacific
Jul 11, 2024

Copper recovers from five-week lows with basics in focus

Copper bounced from fivemonth short on Monday as the focus moved to demand prospective after a selloff activated by funds and traders reversing bets on higher rates....

North America
Jul 11, 2024

DTE Energy to develop power storage center at previous coal plant site

DTE Energy said on Monday it would transform a part of its shuttered coal power plant at Trenton Channel, Michigan, into a battery energy storage center The...

Australia / New Zealand
Jul 11, 2024

Supreme Court looks for United States government views on Honolulu environment suit against oil business

The U.S. Supreme Court on Monday asked President Joe Biden's administration to offer its views on a quote by Sunoco and other oil business to scuttle a...

North America
Jul 11, 2024

Noble Corp offers $1.6 bln for competing Diamond Offshore to strengthen fleet

Offshore rig professional Noble stated on Monday it would purchase smaller rival Diamond Offshore Drilling in a. cash-and-stock offer valued at $1.59 billion, the current in a....