News
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Silver price surge forces TD Securities to close short trade with $606,000 loss
Jan 15 (Reuters) - TD Securities said on Wednesday that it closed a short silver trade after prices hit its exit level at $93.15 an ounce, resulting in a loss of about $606,000.Spot silver XAG= jumped about 6.7% on Wednesday to a record high of $93.57 an ounce, extending its rally after surging nea...Reuters
Thu, Jan 15
RPT-ROI-Venezuela marks the opening move in a LatAm geoeconomic reset: Vladimirov
By Martin Vladimirov SOFIA, Jan 15 (Reuters) - The ousting of Nicolas Maduro in Venezuela may mark the beginning of a broader U.S. attempt to realign Latin America geoeconomically, limiting the ability of Russia and China to use the Western Hemisphere as a pressure point in global commodity marke...Reuters
Thu, Jan 15
RPT-ROI-Oil traders wrestle with geopolitical trifecta and elusive glut: Bousso
By Ron Bousso LONDON, Jan 15 (Reuters) - Simultaneous geopolitical flare‑ups in Venezuela, Iran and the Black Sea have pushed oil prices to a three‑month high, creating a treacherous environment for investors even as a large supply glut still looms over the market. Brent crude LCOc1 opened the ye...Reuters
Thu, Jan 15
US farm economy shows widening cracks as costs rise, jobs vanish
High production costs and trade uncertainty squeeze farm marginsFarm bankruptcies rise, with Chapter 12 filings up nearly 36%Farm families also hit by job losses at rural schools, hospitalsBy P.J. Huffstutter, Karl Plume and Julie Ingwersen CHICAGO, Jan 15 (Reuters) - Across the U.S. farm belt, t...Reuters
Thu, Jan 15
Amazon Web Services Secured A Two-Year Supply Pact With Rio Tinto'S Nuton Venture For Copper From An Arizona Mine, Supporting AI Data Centers- WSJ
Jan 15 (Reuters) - Amazon.com Inc AMZN.O:AMAZON WEB SERVICES SECURED A TWO-YEAR SUPPLY PACT WITH RIO TINTO’S NUTON VENTURE FOR COPPER FROM AN ARIZONA MINE, SUPPORTING AI DATA CENTERS.- WSJSource: https://tinyurl.com/2jeeaf6mReuters
Thu, Jan 15
Hungary's MOL could sign deal to buy majority stake in Serbia's NIS soon
BUDAPEST, Jan 15 (Reuters) - Hungarian oil group MOL MOLB.BU is expected to sign the first milestone deal to buy a majority stake in Serbia's Russian-owned NIS oil company NIIS.BEL in the coming days, Hungarian Foreign Minister Peter Szijjarto announced on Thursday.Speaking in Belgrade after tal...Reuters
Thu, Jan 15
TIMELINE-Major developments in Trump's trade war
Jan 15 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office in January 2025 have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments: February 1, 2025 - Trump orders 25% tariffs on imports...Reuters
Thu, Jan 15
Serbia expects Russian-owned NIS oil company to agree sale to MOL by end of week
Jan 15 (Reuters) - Serbian Energy Minister Dubravka Djedovic Handanovic said on Thursday that she expects Serbia's Russian-owned NIS oil company, which is under U.S. sanctions, to seal the sale deal with Hungary's MOLMOLB.BU by the end of the week.Reuters
Thu, Jan 15
Kremlin says Trump is right about Zelenskiy holding up a peace deal in Ukraine
By Dmitry Antonov MOSCOW, Jan 15 (Reuters) - The Kremlin said on Thursday that Russia agreed with U.S. President Donald Trump that it was Ukrainian President Volodymyr Zelenskiy, not Russia, who was holding up a potential peace deal to end the war in Ukraine.Trump's assessment in an interview...Reuters
Thu, Jan 15
China and Canada agree to cooperate on energy, crime and food safety
BEIJING, Jan 15 (Reuters) - China and Canada signed six initial cooperation agreements on Thursday during Canadian Prime Minister Mark Carney's visit to Beijing, covering areas including energy, crime, culture, forestry and food safety.The two countries agreed to conduct energy policy talks and ...Reuters
Thu, Jan 15
BAT South Africa to shut cigarette plant as illicit trade squeezes legal market
By Nqobile DludlaJOHANNESBURG, Jan 15 (Reuters) - British American Tobacco South Africa (BATSA) will close its only local manufacturing facility and end domestic production by the end of 2026 due to the devastating impact of the fast‑growing illicit cigarette market, the company said on Thursday.The...Reuters
Thu, Jan 15
Kremlin says Trump is right about Zelenskiy holding up peace
MOSCOW, Jan 15 (Reuters) - The Kremlin said on Thursday that Russia concurred with U.S. President Donald Trump's view that Ukrainian President Volodymyr Zelenskiy, not Russia, was holding up a potential peace deal to end the Ukraine war.Trump's assessment in an interview with Reuters contra...Reuters
Thu, Jan 15
ROI-Oil traders wrestle with geopolitical trifecta and elusive glut: Bousso
By Ron Bousso LONDON, Jan 15 (Reuters) - Simultaneous geopolitical flare‑ups in Venezuela, Iran and the Black Sea have pushed oil prices to a three‑month high, creating a treacherous environment for investors even as a large supply glut still looms over the market. Brent crude LCOc1 opened the ye...Reuters
Thu, Jan 15
Singapore fuel oil stockpiles edge up on stronger imports
SINGAPORE, Jan 15 (Reuters) - Singapore's onshore fuel oil stockpiles edged higher this week, data showed on Thursday, with imports climbing from the previous week.The onshore inventories held at 25.47 million barrels (about 4.01 million metric tons) in the week to January 14, up 0.3% from the p...Reuters
Thu, Jan 15
China receives second Australian canola shipment, crushers remain idle
Two Australian canola cargoes reach China, crushing yet to startCanola crushing plants shut since 2015 on lack of supply Canada's Carney in China, lifts hopes for canola dealBy Ella Cao and Peter Hobson BEIJING/CANBERRA, Jan 15 (Reuters) - A second cargo carrying 60,000 metric tons of Austral...Reuters
Thu, Jan 15
Climate activist shareholder group pushes BP, Shell on plans for declining oil demand
Follow This shifts strategy to focus on value if hydrocarbon demand declinesInvestors that back assets worth around 1.5 trillion euros back the resolutionsInvestor support for emissions cuts reached around 20% at BP and 80% at Phillips 66By Stephanie Kelly LONDON, Jan 14 (Reuters) - Climate activ...Reuters
Thu, Jan 15
Cartier owner Richemont beats sales forecasts as China recovery continues
Group sales rise by 11% in constant currencies, beating consensus Jewellery sales remain strongChina performance could lift broader sector, analyst says Richemont reading boost sector peersBy John Revill and Tassilo Hummel ZURICH, Jan 15 (Reuters) - Cartier owner Richemont CFR.S reported sales ah...Reuters
Thu, Jan 15
Keurig Dr Pepper launches $18 billion takeover bid for JDE Peet's
Keurig's takeover bid targets second-quarter completion Deal will split coffee, beverages into separate public companies Keurig secured financing, JDE Peet's board backs offer Jan 15 (Reuters) - U.S. soft drinks giant Keurig Dr Pepper KDP.O on Thursday launched its $18 billion all-cash t...Reuters
Thu, Jan 15
