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Ukrainian military says it hit Russia's Ryazan oil refinery overnight
KYIV, Feb 24 (Reuters) - Ukraine's military said on Monday its drone forces hit Russia's Ryazan oil refinery overnight, with at least five explosions occurring in its vicinity.The military said in a statement that a fire had started at the refinery, which supplies Russian troops.It also said...Reuters
Mon, Feb 24
China's food demand expanding, production needs to be strengthened, official says
BEIJING, Feb 24 (Reuters) - China's food demand is still expanding and efforts to boost food production need to be strengthened, Han Wenxiu, an official from China's Central Rural Work Leading Group told a news conference on Monday. "More than 1.4 billion of us want to eat, and we want t...Reuters
Mon, Feb 24
Exxon's Australian unit, partners to invest nearly $200 million in gas project
Adds context and details from paragraph 2 onwards Feb 24 (Reuters) - Exxon Mobil's XOM.N Australian unit will invest nearly $200 million in the Kipper 1B gas project, alongside its partners Mitsui 8031.T and Woodside Energy WDS.AX, the U.S. oil major said on the company website on Monday. The...Reuters
Mon, Feb 24
Iron ore snaps four-day rise due to more duties on Chinese steel
Updates market at close SINGAPORE, Feb 24 (Reuters) - Dalian iron ore futures prices snapped a four-day winning streak on Monday as increasing levies on Chinese steel dampened demand prospects for the key steelmaking ingredient, though decreasing portside inventories in China limited the fall.The...Reuters
Mon, Feb 24
METALS-London copper edges lower as US tariff concerns loom
Updates prices, adds dollar moves in paragraphs 5-6 NEW DELHI, Feb 24 (Reuters) - London copper eased on Monday as nervousness crept into metal demand after U.S. President Donald Trump's recent threats to raise tariffs, although a weaker dollar capped the losses.Three-month copper on the Lond...Reuters
Mon, Feb 24
National Grid to sell US onshore renewables arm for $1.74 billion to Brookfield
Feb 24 (Reuters) - Britain's National Grid NG.L said on Monday it would sell its U.S. onshore renewables business to private equity firm Brookfield Asset Management BAM.TO and its partners in a deal valued at $1.74 billion, including debt.Reuters
Mon, Feb 24
TECHNICALS-CBOT soybeans may test support at $10.53-1/4
For more technical analyses, please click SINGAPORE, Feb 24 (Reuters) - The CBOT soybean May contract SK25 may test support at $10.53-1/4 per bushel, a break below which could open the way toward $10.41.The consolidation above $10.41 was shaped into a rising wedge, which consists of five small waves...Reuters
Mon, Feb 24
GRAINS-Corn slips from 18-month high on expectations of increased US plantings
Adds analyst comment, updates prices CANBERRA, Feb 24 (Reuters) - Chicago corn futures on Monday slipped from Friday's 18-month high as expectations that U.S. farmers will respond to a price rally by planting more corn triggered profit taking.Wheat futures also fell, with snow cover protectin...Reuters
Mon, Feb 24
Gold price extends its consolidative price move near all-time peak
Gold price continues to attract safe-haven flows amid worries about Trump’s tariff plans. The emergence of fresh USD selling and inflation concerns also support the XAU/USD pair. Hawkish Fed expectations might cap any further gains for the non-yielding yellow metal.
Fxstreet
Mon, Feb 24
India's annual palm oil imports to fall behind soft oils for first time, industry official says
By Rajendra Jadhav and Ashley Tang KUALA LUMPUR, Feb 24 (Reuters) - Palm oil's share of India's annual edible oil imports is set to drop below soft oils for the first time as its rising premium over soyoil and sunflower oil pushes refiners toward more affordable alternatives, the head of ...Reuters
Mon, Feb 24
PRESS DIGEST-British Business - February 24
Feb 24 (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- Axa IM Alts, the investment arm of the French insurer Axa AXAF.PA, has submitted a planning application to build ...Reuters
Mon, Feb 24
METALS-London copper eases on US tariff concerns
NEW DELHI, Feb 24 (Reuters) - London copper eased on Monday as nervousness crept into metal demand after U.S. President Donald Trump's recent threats to raise tariffs.Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.5% to $9,513.5 a metric ton by 0222 GMT."The sector is als...Reuters
Mon, Feb 24
GRAINS-Corn slips on expectations of increased US plantings, export demand caps losses
CANBERRA, Feb 24 (Reuters) - Chicago corn futures edged lower on Monday amid expectations that U.S. farmers will respond to a recent price rally by planting more, but strong U.S. export demand limited losses.Wheat futures also slipped, with snow cover protecting U.S. crops from damage from cold weat...Reuters
Mon, Feb 24
Oil dips on pending Kurdistan supply resumption
SINGAPORE, Feb 24 (Reuters) - Oil prices slipped in early trade on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to end Russia's war on Ukraine.Brent LCOc1 futures fell 20 cents, or 0.3...Reuters
Mon, Feb 24
PRESS DIGEST- Financial Times - February 24
Feb 24 (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- UK and India relaunch trade talks in bid to boost investment opportunities- UK pledges 200 million pounds for Grangemouth refinery- BMW...Reuters
Mon, Feb 24
