News
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Stellantis proposes two new board members to boost tech expertise, financial oversight
MILAN, March 3 (Reuters) - Carmaker Stellantis STLAM.MI has nominated Daniel Ramot and Alice Schroeder as new board members, as well as proposing the re-election of five others, it said on Monday, as the mandates of seven of its executives come to an end.Ramot is the Israeli-American co-founder and ...Reuters
Mon, Mar 3
Philippine, US defence pacts to stay intact, envoy to Washington says
Philippines says US military aid, defence pacts to stay intactRomualdez confident in US support for Indo-Pacific regionPhilippines explores alternative funding due to US aid freezeAdds quotes, details; paragraphs 6-9, 14-16 MANILA, March 3 (Reuters) - Existing defence agreements between allies th...Reuters
Mon, Mar 3
UBS forecasts silver to reach $38/oz in 12 months
March 3 (Reuters) - UBS forecasts silver to hit $38 per ounce within 12 months, as the bank anticipates a consolidation of the ongoing gold rally and a modest recovery in global industrial production, it said in a note on Monday. "Our forecast for gold to reach USD 3,000/oz this year is unchange...Reuters
Mon, Mar 3
PRECIOUS-Gold firms on weaker dollar, Ukraine peace uncertainty
Dollar index falls from a more than two-week highU.S. Trump's auto tariffs may Updates with mid-session tradingBy Anushree Mukherjee and Anjana Anil March 3 (Reuters) - Gold prices edged up on Monday, helped by a weaker dollar, while a delay in finding peace in Ukraine and concerns over the U...Reuters
Mon, Mar 3
METALS-LME copper rises on weaker dollar and upbeat China data
Updates with mid-session trading March 3 (Reuters) - London copper rose on Monday, supported by a weaker dollar and improving manufacturing activity in top metals consumer China.Three-month copper on the London Metal Exchange (LME) CMCU3 gained 0.2% to $9,378 a metric ton by 0654 GMT.The dollar i...Reuters
Mon, Mar 3
BRIEF-Shelf Drilling Q4 Adjusted Revenue USD 225.4 Million
March 3 (Reuters) - Shelf Drilling Ltd SHLF.OL:SHELF DRILLING Q4 ADJUSTED EBITDA MARGIN 38%SHELF DRILLING Q4 CAPEX USD 31 MILLIONSHELF DRILLING Q4 ADJUSTED REVENUE USD 225.4 MILLIONSHELF DRILLING Q4 ADJUSTED EBITDA USD 85 MILLIONSHELF DRILLING LTD - WE REMAIN VERY CONFIDENT IN LONG-TERM OUTLOOK FOR ...Reuters
Mon, Mar 3
China targets US agriculture over Trump tariff threat, Global Times says
China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, China's state-backed Global Times reported, raising the stakes in an escalating trade war between the world's top two economies.Reuters
Mon, Mar 3
TECHNICALS-CBOT soybeans may fall to $10.15-1/2
For more technical analyses, please click SINGAPORE, March 3 (Reuters) - The CBOT soybean May contract SK25 may fall to $10.15-1/2 per bushel, driven by a wave C. This wave has travelled far below its 61.8% projection level of $10.35. It is highly likely to extend to the 100% projection level of $10...Reuters
Mon, Mar 3
Gold price trades with mild positive bias; lacks bullish conviction
Gold price (XAU/USD) kicks off the new week on a positive note and recovers further from over a three-week low, around the $2,833-2,832 region touched on Friday. Despite Friday's in-line US inflation data, traders continue to price in the possibility that the Federal Reserve (Fed) will cut interestFxstreet
Mon, Mar 3
Philippines President Marcos ready to meet Trump immediately, ambassador to Washington says
MANILA, March 3 (Reuters) - Philippines President Ferdinand Marcos Jr. is keen to meet his U.S. counterpart in Washington and is ready to go immediately when Donald Trump is available, Manila's ambassador to the United States said on Monday. Such a meeting could be in the Spring, Jose Manuel R...Reuters
Mon, Mar 3
GRAINS-Corn rises from 7-week low, tariff worries cap gains
Impact of U.S. tariffs on agriculture markets limits gainsDryness in U.S., India supports Chicago wheat futuresAdds quote, detailsBy Naveen Thukral SINGAPORE, March 3 (Reuters) - Chicago corn recovered on Monday from an almost seven-week low, while soybeans rose for the first time in four session...Reuters
Mon, Mar 3
China studying countermeasures to US tariff threat, Global Times says
BEIJING, March 3 (Reuters) - China is studying relevant countermeasures in response to the United States' tariff threat set to take effect on Tuesday, state-backed Global Times said on Monday.The countermeasures will likely include both tariffs and a series of non-tariff measures, Global Times s...Reuters
Mon, Mar 3
UK, European leaders join forces to draft Ukraine peace plan to take to US
Europe must boost defence spending, says von der LeyenUK, France and Ukraine to present peace deal to TrumpZelenskiy meets King Charles at his residenceMacron says deal would be a ceasefire for air and sea combatUpdates with Zelenskiy's comments in paragraphs 8-9, 24By Elizabeth Piper, Kate Holt...Reuters
Mon, Mar 3
METALS-LME copper rises on weaker dollar, market awaits China stimulus cues
March 3(Reuters) - London copper rose on Monday, supported by a weaker dollar and hopes that top consumer China would announce a fiscal stimulus package that would boost metals demand.Three-month copper on the London Metal Exchange (LME) CMCU3 gained 0.7% to $9,420 a metric ton by 0211 GMT.The dolla...Reuters
Mon, Mar 3
Oil recovers as upbeat Chinese manufacturing data increases some optimism
SINGAPORE, March 3 (Reuters) - Oil prices rose 1% on Monday as upbeat manufacturing data from China, the world's biggest crude importer, led to renewed optimism for fuel demand, although uncertainty about global economic growth from potential U.S. tariffs loomed.Reuters
Mon, Mar 3
