News
Important Only
Kremlin says Russia has lots of rare earth metals that the US needs and is open to cooperation
MOSCOW, Feb 25 (Reuters) - The Kremlin said on Tuesday that Russia had lots of rare earth metal deposits and that it was open to doing deals to develop them after President Vladimir Putin held out the possibility of such a deal with the United States. Kremlin spokesman Dmitry Peskov said Moscow had ...Reuters
Tue, Feb 25
WTI rises to near $71.00 following fresh US sanctions on Iran’s Oil
WTI price rose as the US imposed sanctions on brokers, tanker operators, and shipping companies involved in Iranian petroleum. Oil price gains were capped as Trump announced to proceed with import tariffs on Canada and Mexico. French President Emmanuel Macron suggested a truce between Ukraine and Ru
Fxstreet
Tue, Feb 25
Malaysia’s Petronas posts lower profit and revenue in 2024
KUALA LUMPUR, Feb 25 (Reuters) - Malaysia's state energy firm Petroliam Nasional Bhd reported on Tuesday a drop in profit in 2024 compared to a year ago. Petroliam Nasional, or Petronas, reported a profit after tax of 55.1 billion ringgit ($12.47 billion) in 2024 compared to 80.7 billion ring...Reuters
Tue, Feb 25
Spain's Moeve swings to profit
MADRID, Feb 25 (Reuters) - Spain's second-largest oil company Moeve, formerly known as Cepsa, said on Tuesday it swung to a profit last year on the back of growing earnings at its energy and chemicals divisions, while boosting investments.The results come as the company pushes ahead with its pla...Reuters
Tue, Feb 25
ANALYSIS-South Korea political turmoil pushes companies to take tariff matters into their own hands
By Hyunjoo Jin SEOUL, Feb 25 (Reuters) - South Korea's business leaders are taking action to offset the threat posed by U.S. President Donald Trump's aggressive trade policies, hiring his former aides and lobbying Republican states out of frustration with delays by their own government wh...Reuters
Tue, Feb 25
China urges EU to stop discrediting China after Russia sanctions
BEIJING, Feb 25 (Reuters) - China urged the European Union to stop sanctioning Chinese companies and discrediting the country, its commerce ministry said on Tuesday, after Chinese entities and individuals were included in the EU's latest sanctions package against Russia.China always opposes unil...Reuters
Tue, Feb 25
London copper pressured by stronger dollar, tariff concerns
NEW DELHI, Feb 25 (Reuters) - London copper edged lower on Tuesday, pressured by a stronger dollar and concerns over metal demand after U.S. President Donald Trump reiterated his tariff plans. Three-month copper on the London Metal Exchange (LME) CMCU3 was down 0.6% at $9,440.5 a metric ton, as of 0Reuters
Tue, Feb 25
Gold eases on profit-taking, tariff concerns linger
Gold hit record high of $2,956.15 on MondayTrump says Canada, Mexico tariffs on scheduleSafe-haven demand remains strong, says analystUpdates with mid-session tradingBy Rahul Paswan Feb 25 (Reuters) - Gold prices declined on Tuesday, as investors booked profits after bullion hit a record high onReuters
Tue, Feb 25
Japan's ANA to buy at least 77 aircraft from Boeing, Airbus and Embraer, Bloomberg News says
TOKYO, Feb 25 (Reuters) - Japan's ANA Holdings plans to purchase at least 77 aircraft from Boeing, Airbus, and Embraer, Bloomberg News reported on Tuesday, citing a person familiar with the matter.Reuters
Tue, Feb 25
Japan steel industry head: concerned protectionism will lead to market downturn
TOKYO, Feb 25 (Reuters) - Japan Iron and Steel Federation Chairman Tadashi Imai said on Tuesday the spread of protectionism has raised concerns it will contribute to a downturn in the global steel market. The comment from Imai, who is also the president of Nippon Steel 5401.T, comes after U.S. Presi...Reuters
Tue, Feb 25
Nippon Steel to begin talks with US Commerce Dept over U.S. Steel bid, president says
TOKYO, Feb 25 (Reuters) - Nippon Steel 5401.T President Tadashi Imai said on Tuesday talks are set to start with the U.S. Department of Commerce as it aims to revive its bid to purchase U.S. Steel X.N.The Japanese company's previous merger agreement with U.S. Steel, blocked by the administration...Reuters
Tue, Feb 25
GRAINS-Corn steadies after sell-off knocks prices from 18-month high
Adds analyst comment, updates prices CANBERRA, Feb 25 (Reuters) - U.S. corn futures steadied on Tuesday, after improving crop weather in South America and expectations of increased planting by U.S. farmers triggered a speculative sell-off that drove prices down from 18-month highs.Wheat and soybe...Reuters
Tue, Feb 25
PRESS DIGEST - Wall Street Journal - Feb 25
Feb 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.-Apple AAPL.O said it plans to spend more than $500 billion over the next four years, touting a mixture of new and existing initiatives that i...Reuters
Tue, Feb 25
Gold price eases from all-time peak; bullish potential seems intact
Gold price retreats from a record high as traders opt to take some profits off the table. Worries over Trump’s tariff plans should limit losses for the safe-haven precious metal. Bets that the Fed would cut rates further could also act as a tailwind for the XAU/USD.
Fxstreet
Tue, Feb 25
Putin says Europe is needed in Ukraine talks, but suggests deal still distant
Putin says it is key to build trust with U.S. firstEurope will be needed once talks focus on Ukraine peace dealPutin approved notion of deep cuts in military spendingAdds analyst comments; paragraphs 13-14 MOSCOW, Feb 24 (Reuters) - Europe's participation in Ukraine peace talks will be needed...Reuters
Tue, Feb 25
US Coast Guard ship in Tasman Sea did not interact with Chinese navy, commander says
China held live-fire exercises in waters between Australia and New ZealandDrills show China does not need naval base in South Pacific to project power-analystUS Coast Guard has stepped up South Pacific patrols for illegal fishingBy Kirsty Needham SYDNEY, Feb 25 (Reuters) - A U.S. Coast Guard cutt...Reuters
Tue, Feb 25
RPT-EXCLUSIVE-India's Feb gold imports to hit 20-year low on record high prices, sources say
Repeats February 24 story with no changes to textBy Rajendra Jadhav MUMBAI, Feb 24 (Reuters) - India's gold imports are set to tumble 85% in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal, a government official and three b...Reuters
Tue, Feb 25
TECHNICALS-CBOT soybeans may retest support at $10.45-1/2
For more technical analyses, please click SINGAPORE, Feb 25 (Reuters) - The CBOT soybean May contract SK25 may retest support at $10.45-1/2 per bushel, as a downtrend from $10.92-1/4 may have resumed.The resumption followed the completion of a rising wedge, which has been confirmed as a bearish cont...Reuters
Tue, Feb 25
