Latest news

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....

Asia / Pacific
Jul 11, 2024

India's Odisha state records 8 deaths in 72 hours as heat wave persists

A minimum of 8 people have passed away of presumed sun stroke in India's eastern state of Odisha in the last three days, the federal government stated...

Asia / Pacific
Jul 11, 2024

Glencore to supply crude to UK's Lindsey oil refinery

International commodities trader Glencore has won a tender to provide petroleum to Prax's. 113,000 barrel per day Lindsey oil refinery in Britain,. replacing rival trader Trafigura, 3...

Germany
Jul 11, 2024

German antitrust workplace: carmakers can jointly purchase wireless licences

Germany's antitrust body on Monday offered the goahead to plans by 3 carmakers and Thyssenkrupp to collectively purchase cordless technology licences under certain conditions. The German Cartel...

Nordic States
Jul 11, 2024

Rightward shift after election could restrict future EU climate policies

A more rightwardleaning European Parliament will make it more difficult to pass enthusiastic EU climate policies, however most of Europe's present worldleading green policies are likely to...

Asia / Pacific
Jul 11, 2024

OPEC? surprise set off record hedge fund oil sales: Kemp

Portfolio financiers sold record volumes of petroleum recently after OPEC? shocked the market by announcing strategies to increase production beginning with the fourth quarter of 2024. Hedge...

Nordic States
Jul 11, 2024

European wind turbine stocks fall after EU shift to the right

Shares in wind turbine makers Vestas and Nordex fell on Monday a day after European Parliament election results revealed a. shift to the right with analysts also...

Germany
Jul 11, 2024

Russia's Gazprom decreased gas output to all-time yearly low in 2023

Russian energy giant Gazprom Group cut natural gas production by 13% to an alltime annual low of 359 billion cubic metres (bcm) in lossmaking 2023 from 412.94...

Pollution
Jul 11, 2024

Economy, migration, war leading citizens' issues in EU election - study

The economy, migration and global disputes were the leading concerns for voters in the European Union election, data from the bloc's most significant member nations suggested on...

Asia / Pacific
Jul 11, 2024

China's commodity imports are soft, even those that look strong: Russell

China's. imports of significant products were either openly weak in May,. such as the decline in crude oil, or those revealing apparent. signs of strength were deceptive...

Asia / Pacific
Jul 11, 2024

Vale Indonesia states Febriany Eddy reappointed as CEO as MIND ID deal approaches

Investors of nickel miner PT Vale Indonesia on Monday voted to reappoint Febriany Eddy as CEO, ahead of state miner MIND ID raising its stake in the...

Europe
Jul 11, 2024

NORDIC POWER-Front-quarter hits more than 1-month short on lower European energy rates

Nordic frontquarter power rates was up to their least expensive level in more than a month on Monday, took down by lower rates in the broader continental...

South America
Jul 11, 2024

Brazil's Eletrobras signs $878 million offer to offer gas-fired plants

Brazil's Eletrobras , Latin America's biggest energy, has actually signed a deal to sell its portfolio of thermoelectric power plants to Ambar Energia for a total 4.7...

Crude Oil
Jul 11, 2024

French shock election news adds to anxiousness in event-packed week

A selloff in Europe set the tone for global markets on Monday as French President Emmanuel Macron's choice to call a snap election weighed on everything from...

Europe
Jul 11, 2024

Uphill roadway for Europe's climate strategy after EU election

A more rightwardleaning European Parliament will make it more difficult to pass ambitious EU environment policies, however most of Europe's present worldleading green policies are most likely...

Venezuela
Jul 11, 2024

Venezuela lenders with leading concern in Citgo share auction

Companies submitting bids through Tuesday in a U.S. court-ordered auction of shares in Citgo Petroleum moms and dad PDV Holding should present propositions to pay holders of...

Africa
Jul 11, 2024

West African nations require companies to be able to balance out carbon

A group of 10 West African countries has actually weighed into an argument over whether business around the globe ought to be enabled to use carbon offsets...

Asia / Pacific
Jul 11, 2024

VEGOILS-Palm oil falls on weaker soyoil, lower June exports estimates

Malaysian palm oil futures tracked Chicago soyoil lower on Monday, while lower evaluations of Malaysian palm oil exports in June likewise weighed on belief. The benchmark palm...

Nordic States
Jul 11, 2024

MORNING BID AMERICAS-Europe jolted by Macron's snap election call

A take a look at the day ahead in U.S. and worldwide markets by Samuel Indyk The expected rightward shift in the European Parliament after a four-day...

Europe
Jul 11, 2024

Russia's budget deficit narrows in May as month-to-month costs eases

Russia's budget deficit narrowed in May to 0.5% of gross domestic product (GDP) from 0.8% a month earlier, the finance ministry said on Monday, as regular monthly...