Latest news

Asia / Pacific
Jun 29, 2024

Trafigura, IXM caught in COMEX copper brief capture as costs hit record

Commodity traders Trafigura and IXM are looking to purchase physical copper to provide versus large short positions on U.S. exchange CME where copper prices soared to tape-record...

Iran
Jun 29, 2024

Gazprom CEO Miller is in Iran as Putin prepares to check out China

Gazprom CEO Alexei Miller is on a working visit to Iran, the company stated on Wednesday, just as President Vladimir Putin prepares to go to China with...

United States
Jun 29, 2024

The Andersons state tough to find best acquisition to grow United States ethanol output

U.S.based grain trader and processor The Andersons stated on Wednesday it has actually been challenging to find the right possession for a prospective acquisition as part of...

Asia / Pacific
Jun 29, 2024

LME copper increases on bullish outlook, price spread with CME stays in focus

London copper touched a more than twoyear high on Wednesday, assisted by a weaker U.S. dollar and bullish demand outlook, while rates on the CME struck a...

Oil & Gas
Jun 29, 2024

Some Urals flows to Asia diverted through Africa, India remains leading location

At least three tankers with Russian Urals oil on board picked a longer path to Asia around the Africa's Cape of Great Hope in March and April...

Energy Markets
Jun 29, 2024

GLOBAL-MARKETS-Stocks jump, yields fall after cooler United States customer prices

Worldwide stock exchange leapt while U.S. Treasury yields was up to fiveweek lows on Wednesday as data revealed U.S. customer prices increased less than expected in April,...

Mining
Jun 29, 2024

Winning over public secret to EU's mineral supply push, says industry

Europe's efforts to ensure materials of crucial minerals required for its green and digital transitions and to reduce its dependence on China are struggling to acquire public...

Nordic States
Jun 29, 2024

IEA trims 2024 oil need development forecast, broadens space with OPEC

The International Energy Firm (IEA) on Wednesday trimmed its projection for 2024 oil demand development, expanding the gap with producer group OPEC in regards to expectations for...

Nordic States
Jun 29, 2024

Hapag-Lloyd raises lower end of outlook on strong shipping demand but earnings falls

German container company Hapag-Lloyd on Wednesday raised the lower end of its 2024 outlook amidst rising need and freight rates, but published an 84% drop in first-quarter...

Brazil
Jun 29, 2024

Brazil's sugar output up more than anticipated in late April

Brazil's centersouth sugar production jumped 84.25% in the 2nd half of April on a. annual basis, information from market group UNICA revealed on. Wednesday, going beyond market...

Asia / Pacific
Jun 29, 2024

Trafigura, IXM captured in Comex copper short capture as prices hit record

Commodity traders Trafigura and IXM are seeking physical copper to cover big bearish positions on the CME exchange, where U.S. copper futures rose to record highs on...

Europe
Jun 29, 2024

Hapag-Lloyd posts Q1 profit drop, raises lower end of outlook

German container company HapagLloyd on Wednesday posted an 84% drop in firstquarter net profit however raised the lower end of its 2024 outlook amid rising need and...

Germany
Jun 29, 2024

Hapag-Lloyd net profit down 84% in Q1, raises bottom of 2024 outlook

German container company HapagLloyd on Wednesday posted an 84% lower net profit in JanMarch 2024 however raised the bottom lines of its complete year outlook. Despite the...

East European Countries
Jun 29, 2024

Royal Mail owner IDS set to concur $4.4 bln Kretinsky takeover quote

Royal Mail's moms and dad business International Distributions Services is set to concur a. 3.5 billion pound ($ 4.42 billion) takeover by Daniel Kretinsky. if the Czech...

United Kingdom
Jun 29, 2024

Britons cautioned to boil water on issue over parasite contamination in Devon areas

Locals in part of Devon in southwestern England were warned on Wednesday to boil water before consuming it after the region's water utility discovered traces of a...

South-West Asia
Jun 29, 2024

Eni says upstream net emissions down by 40% compared with 2018

Eni lowered net carbon emissions in the upstream sector by 40% and overall emissions by 30% last year compared with the levels of 2018, the Italian energy...

North America
Jun 29, 2024

AEP's Cook Nuclear Plant Unit 2 in Michigan shut after steam leakage

American Electric Power Company Inc's. Indiana Michigan Power on Wednesday stated its 1,194 internet. megawatts Cook Nuclear Plant Unit 2 has been by hand tripped. offline after...

ASEAN Countries
Jun 29, 2024

Singapore Airlines posts record annual profit, flags challenging macro

Singapore Airlines on Wednesday posted a record yearly profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical problems, supply chain snags...

United States
Jun 29, 2024

BlackRock executive pay wins just narrow support from shareholders

Leading property supervisor BlackRock on Wednesday said only about 58% of advisory votes cast at its yearly conference supported the pay of its magnates. At the meeting,...

Scandinavia
Jun 29, 2024

Offers of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 13:30 GMT on Wednesday: ** International Distributions Solutions stated Czech billionaire Daniel Kretinsky's investment car EP Group...

Pollution
Jun 29, 2024

Volkswagen reaches $54 million 'dieselgate' settlement with Italian owners

Volkswagen and a. group representing car owners in Italy have reached an agreement. worth more than 50 million euros ($ 54 million) to end a legal. battle...

Nordic States
Jun 29, 2024

Baltic index slips for 5th straight day on weaker vessel rates

The Baltic Exchange's primary sea freight index, which tracks rates for ships carrying dry bulk commodities, succumbed to the fifth successive session on Wednesday dragged by weaker...

Europe
Jun 29, 2024

Morocco to nearly double its energy capacity by 2027- minister

Morocco prepares to invest $7. billion to add 9 gigawatts to its 11 GW installed energy. capability by 2027, energy minister Leila Benali said on. Wednesday. Renewables...

Asia
Jun 29, 2024

India's Jindal Stainless' Q4 revenue falls as softer steel rates offset demand

India's Jindal Stainless reported a 34.6% fall in fourthquarter profit on Wednesday, as lower steel costs and weak worldwide demand offset a rise in the domestic market....

Brazil
Jun 29, 2024

Petrobras shares plunge as Brazil's Lula swaps CEO

Shares of Brazil's. Petrobras plunged 8% as markets opened on Wednesday,. after the staterun oil firm stated its chief executive would step. down, to be changed by...

Crude Oil
Jun 29, 2024

GLOBAL-MARKETS-Stocks jump, dollar slides after cooler United States inflation

International share markets rallied and the dollar dropped on Wednesday, after information revealed U.S. inflation rose less than anticipated in April, while customer investing slowed, underpinning expectations...

Energy Markets
Jun 29, 2024

Germany solar power output jumps to tape-record highs: Maguire

Solar farms produced over 60% of Germany's electricity for a number of hours a. day over the past week as intense sunlight combined with new. solar generation...

Asia / Pacific
Jun 29, 2024

Germany's chemicals sector sees signs of healing as demand gets

After a number of difficult years, some German chemicals makers saw signs of recovery in orders and volumes in the very first quarter, driven by the enhancing...

United Kingdom
Jun 29, 2024

Workers heading back to the office on Mondays, catering service Compass states

Mondays are now as busy as Thursdays in workplace canteens in the United States and Britain, the world's. largest food catering firm Compass Group stated on. Wednesday....

Asia / Pacific
Jun 29, 2024

Gold gains on softer dollar as focus turns to US inflation data

Gold rates edged up on Wednesday, taking assistance from a weaker US dollar and lower Treasury yields, while investors awaited US customer inflation data that could use...

Germany
Jun 29, 2024

Thyssenkrupp cuts profit projection as steel need wanes

German corporation Thyssenkrupp cut its annual projections for sales and net profit for the second time in 3 months, blaming lower need and rates at its steel...

Mining
Jun 29, 2024

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 11.45 GMT on Wednesday: ** A consortium led by Malaysia's sovereign wealth fund and pension fund supplier...

ASEAN Countries
Jun 29, 2024

Stocks at record high ahead of inflation data; meme mania heats up

Global shares increased while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a. consumer cost...

Asia / Pacific
Jun 29, 2024

SK Innovation considering sale of battery materials system SKIET, paper reports

South Korea's SK Development is considering selling its subsidiary SK IE Technology (SKIET) to reorganize its battery service, the Maeil Business newspaper reported on Wednesday. The relocation...

South Korea
Jun 29, 2024

South Korean shipbuilder to rent part of Philippine Subic Bay shipyard

U.S. private equity company Cerberus Capital Management stated it has agreed to lease part of its Philippine shipyard in Subic Bay to HD Korea Shipbuilding and Offshore...

North America
Jun 29, 2024

Oil rates constant on United States inventories drawdown expectations

Oil rates steadied on Wednesday on expectations for greater need as the U.S. dollar weakened and a report revealed U.S. crude and gas inventories fell, but longer...

United Kingdom
Jun 29, 2024

UK policy inertia jeopardizes billions in environment capital, study shows

The British government is driving billions of pounds of financial investment away from the UK by failing to offer clear policies to support the transition to a....

Portugal
Jun 29, 2024

Portugal's new government favours tougher sanctions versus Russia

Portugal's new federal government is keen on ramping up sanctions on Russia over its invasion of Ukraine, Environment and Energy Minister Maria da Graca Carvalho stated on...

East European Countries
Jun 29, 2024

NORDIC-POWER-Forward rates slip on damp weather condition outlook

Nordic forward power rates fell on Wednesday on wetter weather forecasts and improving water reserves in the hydropowerdependent area. * The Nordic front-quarter agreement fell 1.3 euros...

Colombia
Jun 29, 2024

Colombia oil output closing in on 800,000 bpd, regulator head says

Colombia's typical everyday oil output is surrounding 800,000 barrels each day (bpd) even as the Andean country progressively aims to enhance eco-friendly energies, the president of the...

Fossil Fuels
Jun 29, 2024

Indonesia's Pertamina, ExxonMobil plan appraisal drilling in carbon capture effort

State energy company Pertamina and U.S. major ExxonMobil strategy to perform appraisal drilling for a carbon capture and storage (CCS) center in Indonesia, with the business signing...

Asia / Pacific
Jun 29, 2024

Defying West, Russia's Putin set to satisfy Xi Jinping in Beijing

Russian President Vladimir Putin's Beijing check out on Thursday is likely to be light on hard deals however will mark the start of his new presidential term...

Asia / Pacific
Jun 29, 2024

Slovak government seeks plan for brand-new nuclear power plant by October

The Slovak government has tasked its economy and financing ministers to prepare a plan for a new nuclear reactor by the end of October, after consenting to...

Asia / Pacific
Jun 29, 2024

VEGOILS-Palm oil closes up while market waits on information

Malaysian palm oil futures ended up on Wednesday as the product's price was viewed as competitive compared with rival oils, while the market awaited export and production...

Asia / Pacific
Jun 29, 2024

China LNG imports could strike record levels in 2024, PetroChina official says

China's melted natural gas imports might hit record levels in 2024, a PetroChina official projection on Wednesday. The world's leading importer of the super-chilled fuel is seen...

Energy Markets
Jun 29, 2024

Indonesia's Prabowo plans to increase development, 'be daring' with debt

Indonesia ought to be more daring on taking on extra debt, its President-elect Prabowo Subianto said on Wednesday, while declaring that his target of enhancing development in...

Brazil
Jun 29, 2024

Brazil flooding will take weeks to diminish, experts caution

Brazil's. southernmost state capital might suffer extreme flooding for weeks. to come, professionals warn, compounding the battles of half a. million people required to abandon their flooded...

Asia / Pacific
Jun 29, 2024

MORNING quote AMERICAS-New stock records jump the CPI gun

A look at the day ahead in U.S. and international markets from Mike Dolan Markets appear to have actually got bored awaiting today's huge U.S. inflation print...

United States
Jun 29, 2024

The inside story of Elon Musk's mass shootings of Tesla Supercharger staff

The day before Elon Musk fired practically all of Tesla's electricvehicle charging division last month, they had high hopes as charging primary Rebecca Tinucci went to meet...

Japan
Jun 29, 2024

Japan starts energy talks to stabilize supply risks with net no objective

Japan's industry ministry kicked off talks on Wednesday to craft the next standard energy plan, a crucial longterm technique for the resourcepoor country aimed at balancing energy...