News
Important Only
GRAINS-Wheat extends losses as cold snap causes no major damage to winter crops
Adds analyst comment, details and updates prices CANBERRA, Feb 27 (Reuters) - Chicago wheat futures fell on Thursday, bringing their decline since hitting an eight-month high last week to around 7%, as it became evident that Northern Hemisphere winter crops had got through a period of cold weathe...Reuters
Thu, Feb 27
Engie's net operating profit for 2024 down 6.2%
PARIS, Feb 27 (Reuters) - French utility Engie ENGIE.PA posted a 6.2% fall in 2024 operating profit excluding nuclear on Thursday, due to a decline in gas prices, the impact of an energy tax in France and a decrease in gas-fired power plant usage in Europe.The company, which sells and trades electri...Reuters
Thu, Feb 27
Russia extends gasoline export permits until end of Aug 2025, Ifax reports
MOSCOW, Feb 27 (Reuters) - The Russian government has decided to extend petrol export permits for producers until the end of August 2025, Russian news agency Interfax reported on Thursday.The government made the decision to maintain a stable situation in the domestic fuel market and support the oil ...Reuters
Thu, Feb 27
TECHNICALS-CBOT soybeans may test support at $10.35
For more technical analyses, please click SINGAPORE, Feb 27 (Reuters) - The CBOT soybean May contract SK25 may test support at $10.35 per bushel, a break below which could open the way towards $10.27-1/2.The contract is riding on a wave C, which is capable of travelling into a wide range of $10.15-1...Reuters
Thu, Feb 27
Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended
By Khanh Vu HANOI, Feb 27 (Reuters) - Vietnam's Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, is lobbying Vietnam to impose tariffs on imported polyethylene and polypropylene, as operations at its new $5.4 billion petrochemical complex remain suspended due to low margins.&#...Reuters
Thu, Feb 27
Impala Platinum half-year profit plunges 43% as low metal prices persist
Feb 27 (Reuters) - Impala Platinum IMPJ.J said on Thursday its half-year profit declined 43%, mainly due to lower metal prices.The world's second-largest producer of platinum group metals said its headline earnings fell to 1.85 billion rand ($100.15 million) in the six months ended December 31, ...Reuters
Thu, Feb 27
Gold price trades with modest losses; holds above $2,900 amid rising trade tensions
Gold price (XAU/USD) attracts fresh sellers during the Asian session on Thursday, though it manages to hold above the $2,900 round-figure mark. A pickup in the US Treasury bond yields assists the US Dollar (USD) in moving away from its lowest level since December 10 retested on Wednesday and undermi
Fxstreet
Thu, Feb 27
Iron ore falters on higher imports, Chinese steel export concerns
By Michele Pek SINGAPORE, Feb 27 (Reuters) - Iron ore futures prices dropped more than 1% on Thursday, pressured by escalating tariff measures against Chinese steel and an increase in iron ore imports into top consumer China. The most-traded May iron ore contract on China's Dalian Commodity E...Reuters
Thu, Feb 27
Taiwan details surge in Chinese military activity, did not detect live fire
Taiwan reports seven Chinese warships in "shooting" zoneTaiwan officials say no live firing detectedChina regularly sends its military to harry TaiwanRecasts, adds bullet points, adds details throughoutBy Yimou Lee and Ben Blanchard TAIPEI, Feb 27 (Reuters) - Taiwan's defence ministry...Reuters
Thu, Feb 27
METALS-London copper edges lower as dollar firms on US tariff uncertainty
NEW DELHI, Feb 27 (Reuters) - London copper prices inched lower on Thursday, tracking a firmer dollar as uncertainty lingered around U.S. President Donald Trump's tariff plans.Three-month copper on the London Metal Exchange (LME) CMCU3 edged 0.2% lower to $9,442 a metric ton as of 0211 GMT, afte...Reuters
Thu, Feb 27
GRAINS-Wheat falls further as US and Russian crops avoid frost damage
CANBERRA, Feb 27 (Reuters) - Chicago wheat futures extended declines in early trade on Thursday after tumbling more than 6% from a multi-month high hit last week, as it became clear that Northern Hemisphere winter crops had got through a period of cold weather without damage.Corn and soybean fut...Reuters
Thu, Feb 27
Petrobras to issue dividends despite fourth quarter net loss of $2.8 billion
Recasts first paragraph, adds context on paragraphs 2, 5-7 and 10-11By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO, Feb 26 (Reuters) - Brazil's Petrobras PETR4.SA posted a net loss of 17 billion reais ($2.8 billion) in its fourth quarter due to non-recurring events, lower Brent prices an...Reuters
Thu, Feb 27
PRECIOUS-Gold gains on Trump tariff worries; US inflation data in focus
Feb 27 (Reuters) - Gold prices edged higher on Thursday as concerns persisted over U.S. President Donald Trump's tariff plans, while investors awaited a key inflation report to assess the Federal Reserve's policy path. FUNDAMENTALS* Spot gold XAU= was up 0.1% at $2,918.22 an ounce, as of 001...Reuters
Thu, Feb 27
FACTBOX-Top buyers of Venezuelan crude oil in the United States
HOUSTON, Feb 26 (Reuters) - U.S. imports of crude oil from Venezuela averaged 222,000 barrels per day (bpd) in the first 11 months of 2024, according to U.S. Energy Information Administration data, making it the fourth largest crude supplier to the United States.While Venezuela's oil accounted f...Reuters
Thu, Feb 27
FACTBOX-US licenses and authorizations to Venezuela's oil sector
By Marianna Parraga HOUSTON, Feb 26 (Reuters) - Since it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country's oil to specific destinations.Washington had...Reuters
Thu, Feb 27
