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Chevron in talks with US for expanded Venezuela oil license, sources say
Oil producer Chevron CVX.N is in talks with the U.S. government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on Wednesday.
Thu, Jan 8
AI to boost copper demand 50% by 2040, but more mines needed to ensure supply, S&P says
Growth in the artificial intelligence and defense sectors will boost global copper demand 50% by 2040, but supplies are expected to fall short by more than 10 million metric tons annually without more recycling and mining, the consultancy S&P Global SPGI.N said on Thursday.
Thu, Jan 8
Chicago soybeans slip on South America outlook; wheat gains on US Plains dryness
Chicago soybean futures fell on Thursday, pressured by competition from global suppliers such as Brazil, which is expecting a bumper crop this year.
Thu, Jan 8
Trump calls for $1.5 trillion military budget in 2027, up from $901 bln in 2026
Trump says tariff revenues would pay for spending hikeExperts say increase would increase debt, cost trillions of dollarsLast such surge in spending came during Korean WarBy Costas Pitas and Andrea Shalal WASHINGTON, Jan 7 (Reuters) - President Donald Trump said on Wednesday the 2027 U.S. militar...
Thu, Jan 8
WRAPUP 8-US seizes Russian-flagged tanker, another tied to Venezuela as Trump widens oil push
US boarded tanker that escaped blockade and put up Russian flagUS also seized second Venezuela-linked tanker Venezuela's main buyer China denounces US 'bullying'Oil prices fall on anticipated supply increaseBy Idrees Ali, Phil Stewart and Marianna Parraga WASHINGTON, Jan 7 (Reuters) -...
Thu, Jan 8
Musk lawsuit over OpenAI for-profit conversion can head to trial, US judge says
Musk claims OpenAI violated its founding mission in restructuring to a for-profit entityOpenAI denies claims, calls Musk's lawsuit baselessMusk was a co-founder of OpenAI, now runs a rival AI companyBy Mike Scarcella WASHINGTON, Jan 7 (Reuters) - Billionaire entrepreneur Elon Musk persuaded a...
Thu, Jan 8
CORRECTED-Ford to offer its first eyes-off driver-assistance system in 2028
Ford's Level 3 system to debut on new electric vehicle platform in 2028System will be available for additional, undetermined fee Company looks to reduce cost, improve speed and quality by building in-houseBy Nora Eckert and Abhirup Roy LAS VEGAS, Jan 7 (Reuters) - Ford Motor F.N said on Wedne...
Thu, Jan 8
Lilly moves beyond blockbuster obesity drugs with $1.2 billion Ventyx buy
Jan 7 (Reuters) - Eli Lilly LLY.N will buy autoimmune drug developer Ventyx Biosciences VTYX.O for $1.2 billion in cash, the companies said on Wednesday, marking the Zepbound maker's latest push to expand beyond its blockbuster diabetes and weight-loss drugs.Ventyx is developi...
Thu, Jan 8
Chevron in talks with US for expanded Venezuela oil license, sources say
Jan 7 (Reuters) - Oil producer Chevron CVX.N is in talks with the U.S. government ...
Thu, Jan 8
Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
Deal to ship Venezuela oil to US set to redirect oil flowsVenezuelan oil used by China refiners, near-term demand coveredChinese independents likely to tap other sanctioned oilOffers for Venezuelan Merey crude from Chinese buyers rise this weekBy Siyi Liu and Florence Tan SINGAPORE, Jan 7 (Reuter
Thu, Jan 8
Trump says he will meet with Colombia's Petro after call
Jan 7 (Reuters) - U.S. President Donald Trump said arrangements are being made for him to meet with Colombia's President Gustavo Petro at the White House in Washington after the two spoke on Wednesday.In a post on Truth Social, Trump said Petro called "to explain the situation of drugs and o...
Thu, Jan 8
Quantum planning Lukoil asset deal that could involve Chevron, source says
Jan 7 (Reuters) - Private equity group Quantum Energy Partners is working on a bid that could involve U.S. oil major Chevron CVX.N for the international assets of Russian oil major Lukoil LKOH.MM, a source familiar with the matter said.Quantum is planning the move through its newly formed upstream a...
Wed, Jan 7
China reviews Meta's purchase of AI startup Manus, FT reports
Chinese officials are reviewing Meta's META.O $2 billion acquisition of artificial intelligence startup Manus for possible technology control violations, the Financial Times reported on Tuesday, citing two people familiar with the matter.
Wed, Jan 7
Japan says China's dual-use export ban 'unacceptable', rare earths in crosshairs
Japan's top government spokesperson said on Wednesday that China's ban on exports of dual-use items to the country was "absolutely unacceptable and deeply regrettable", as a diplomatic dispute between Asia's top two economies ramped up.
Wed, Jan 7
Hyundai Motor shares rise 15% to hit record high amid Nvidia tie-up speculation
Shares of Hyundai Motor 005380.KS rallied on Wednesday by as much as 14.9% to hit a record high in morning trade, outperforming the benchmark KOSPI's .KS11 1.2% gain amid market speculation about a potential deeper tie-up with Nvidia.
Wed, Jan 7
Stocks slip from AI-driven record highs, currencies on the defensive
Emerging Asia shares declined for the first time in 2026 on Wednesday, after an artificial intelligence-led rally drove most benchmarks to record peaks, while currencies extended losses as the U.S. dollar held its gains ahead of key economic data.
Wed, Jan 7
Trump says Venezuela to turn over 30 to 50 million barrels of oil to US
Jan 6 (Reuters) - Venezuela will be "turning over" 30 to 50 million barrels of sanctioned oil to the United States, President Donald Trump said on Tuesday in the aftermath of the toppling of Nicolas Maduro who was seized from his country by U.S. forces over the weekend. "This Oil will be...
Wed, Jan 7
China buys more US soybeans, total purchases approach 10 million tons
SINGAPORE/BEIJING, Jan 6 (Reuters) - China's state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday, as the world's top buyer continues purchasing from the United States following a late October trade truce.
Wed, Jan 7
US tariffs that are at risk of court-ordered refunds exceed $133.5 billion
Jan 6 (Reuters) - President Donald Trump's administration faces the possibility of having to refund more than $133.5 billion in tariffs to importers if the U.S. Supreme Court declares unlawful the duties he has imposed under the International Emergency Economic Powers Act, according to the U.S. ...
Wed, Jan 7
Lilly in talks to buy Ventyx Biosciences for more than $1 billion, WSJ reports
Jan 6 (Reuters) - Eli Lilly LLY.N is in advanced talks to buy Ventyx Biosciences VTYX.O for more than $1 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.Shares of Ventyx surged more than 50% in extended trading following the report, which said the deal co
Wed, Jan 7
