News
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PRESS DIGEST-British Business - March 21
March 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Britain's financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to sur...Reuters
Fri, Mar 21
FOCUS-Switching off plants: Chinese copper smelters grapple with margin collapse
Chinese smelters face overcapacity, tightening feedstockSmelters may discuss output cuts on March 31, sources sayTreatment charges for copper concentrate hit record lowsBy Amy Lv and Lewis Jackson BEIJING, March 21 (Reuters) - Major copper smelters across top consumer China have kicked off equipm...Reuters
Fri, Mar 21
PRESS DIGEST-Financial Times - March 21
March 21 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- London's Heathrow airport to be closed all day after fire cuts power- GB Energy makes first investment with 110 million pounds fo...Reuters
Fri, Mar 21
GRAINS-Wheat falls to near one-week low on stronger dollar, dismal demand
Strengthening dollar adds pressure on agricultural commoditiesLack of demand for U.S. cargoes adds pressure on pricesBy Naveen Thukral SINGAPORE, March 21 (Reuters) - Chicago wheat slid for a fourth consecutive session on Friday, trading close to a one-week low as the market continued to face hea...Reuters
Fri, Mar 21
RPT-India to start new sugar season with ample stocks, says producers' body
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI, March 20 (Reuters) - India is likely to start the new sugar season in October with comfortable opening stocks, despite lower-than-expected production in the current season and exports of 1 million tons, a leading producers' body said on Thursd...Reuters
Fri, Mar 21
METALS-Copper edges higher after report on China stockpiling plans
March 21 (Reuters) - Copper prices in London edged up on Friday, hovering near the psychological mark of $10,000, after a media report that China plans to expand its strategic reserves of key industrial metals this year including cobalt, copper, nickel, and lithium.The National Food and Strategic Re...Reuters
Fri, Mar 21
COLUMN-By the numbers: Stacking up US farm imports and exports -Braun
By Karen Braun NAPERVILLE, Illinois, March 20 (Reuters) - Food. It has unfortunately been used as a pawn in past and present trade disputes given its essentiality to human life.U.S. President Donald Trump earlier this month suggested that American farmers are hurt by agricultural imports and that...Reuters
Fri, Mar 21
PRECIOUS-Gold unchanged near record high as global uncertainties raise demand
March 21 (Reuters) - Gold held steady on Friday to trade below its record high hit in the previous session, supported by safe-haven demand arising from geopolitical and economic uncertainty, while the Federal Reserve's hint at rate cuts this year also fostered appeal.FUNDAMENTALS* Spot gold XAU=...
Reuters
Fri, Mar 21
Meta's Instagram outage in US nearly resolved as reports drop, Downdetector shows
March 20 (Reuters) - Reports of an Instagram outage in the U.S. on Thursday evening dropped significantly, according to outage tracking website Downdetector.com, indicating that the issue has largely been resolved for many users.As of 8:34 p.m. ET, there were only 429 incidents reported, down from ...Reuters
Fri, Mar 21
Oil set for weekly gain on Iran sanctions, OPEC+ plan to rein in overproduction
By Shariq Khan March 21 (Reuters) - Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output raised bets on tightening supply.Brent crude futures LCOc1 climbed ...Reuters
Fri, Mar 21
GRAINS-Wheat near one-week low on stronger dollar, dismal demand
SINGAPORE, March 21 (Reuters) - Chicago wheat slid for a fourth consecutive session on Friday, trading close to a one-week low as the market continued to face headwinds from slowing demand for U.S. cargoes and a stronger dollar.Soybeans gained ground, while corn prices slid.FUNDAMENTALS* The most-ac...Reuters
Fri, Mar 21
US agency calls for urgent safety assessments of iconic bridges
By David ShepardsonWASHINGTON, March 20 (Reuters) - The National Transportation Safety Board on Thursday called for urgent safety assessments of 68 bridges including iconic crossings like the Golden Gate Bridge, Chesapeake Bay Bridge, Brooklyn Bridge, George Washington Bridge and the Chicago Skyway ...Reuters
Thu, Mar 20
Trump administration to open more Alaska acres for oil, gas drilling
By Valerie Volcovici WASHINGTON, March 20 (Reuters) - U.S. Interior Secretary Doug Burgum on Thursday announced steps to open up more acreage for oil and gas leasing and lift restrictions on building an LNG pipeline and mining road in Alaska, carrying out President Donald Trump's executiv...Reuters
Thu, Mar 20
Russia says Ukrainian drone attack on oil depot already violates proposed ceasefire
MOSCOW, March 20 (Reuters) - Russia's foreign ministry said on Thursday that Ukraine had already violated a proposed ceasefire on energy sites in the three-year-old war by attacking a Russian oil depot. Russia's TASS news agency reported foreign ministry spokeswoman Maria Zakharova to...Reuters
Thu, Mar 20
Trump invokes emergency powers to boost US critical minerals production
David Copley to oversee mining for U.S. Energy Dominance CouncilU.S. to sign minerals deal with Ukraine soon, Trump announcesU.S. miners welcome executive order to increase outputBy Jarrett Renshaw and Ernest Scheyder WASHINGTON, March 20 (Reuters) - U.S. President Donald Trump on Thursday in...Reuters
Thu, Mar 20
CIF/FOB Gulf Grain-Soy, corn barge bids strengthen on exporter demand
CHICAGO, March 20 (Reuters) - Basis bids for soybeans and corn delivered by barge to the U.S. Gulf Coast firmed on Thursday, supported by exporter demand for grain at a time when barge delays on the mid-Mississippi River and a slow pace of farmer offerings kept Gulf supplies tight, traders said.* Fa...Reuters
Thu, Mar 20
LIVESTOCK-CME cattle futures firm as funds take long positions
By Renee Hickman CHICAGO, March 20 (Reuters) - Chicago Mercantile Exchange cattle futures firmed on Thursday as funds built long positions after a rally Wednesday driven by slowed slaughter operations, according to analysts. CME June live cattle LCM25 ended up 2.175 cents at 205.025 cents per pou...Reuters
Thu, Mar 20
EXCLUSIVE-Former Newmont executive tapped to oversee mining on US energy council, sources say
David Copley to oversee US mining policy -sourcesNew council aims to boost US production of critical mineralsCopley to advise on permitting reform, industry oversightBy Ernest Scheyder and Divya Rajagopal March 20 (Reuters) - Former Newmont NEM.N executive David Copley has been tapped to oversee ...Reuters
Thu, Mar 20
