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HSBC delays net-zero emissions target by 20 years
Now expects 40% cut in emissions by 2030Says pace of change in real economy is proving slowAlso cites updated guidance on carbon creditsHSBC to take 'more measured approach' to fossil fuel lending Adds HSBC executive quotes in paragraphs 4, 7-8 & 15; climate campaigners' comments in ...Reuters
Wed, Feb 19
Turkey to export 15,000 tonnes of eggs to US amid bird flu disruptions
By Ceyda CaglayanISTANBUL, Feb 19 (Reuters) - Turkey has begun exporting around 15,000 tonnes of eggs to the United States, where an ongoing outbreak of bird flu disrupted supply, sent prices soaring and led to talks with other producers, a leading sector official said on Wednesday. Ibrahim Afyon, c...Reuters
Wed, Feb 19
PRECIOUS-Tariff threats pave way to safe-haven gold's all-time high
Gold at record high of $2,946.85/oz Trump says he will introduce 25% tariffs on autosFed's January meeting minutes due later in the day Silver could push higher from a valuation perspective: analyst Updates prices as of 1215 GMTBy Sarah Qureshi and Anjana Anil Feb 19 (Reuters) - Gold prices r...Reuters
Wed, Feb 19
GRAINS-Corn holds at 16-month high while soybeans also firm
Updates at 1229 GMT, changes byline/dateline PARIS/CANBERRA, Feb 19 (Reuters) - Chicago corn futures edged up on Wednesday to equal the previous day's 16-month high, with strong U.S. export demand bolstering expectations of tightening inventories.Soybeans also firmed, tracking corn, with stro...Reuters
Wed, Feb 19
COLUMN-By the numbers: Breaking down the global soybean trade: Braun
Repeats column; no changes to textBy Karen Braun CHICAGO, Feb 18 (Reuters) - A discussion about global soybean exports cannot proceed without mention of Brazil or the United States, because together they fuel 85% of total shipments each year.Likewise, "China" and "imports" are oft...Reuters
Wed, Feb 19
AngloGold bounces back into profit amid gold price rally
JOHANNESBURG, Feb 19 (Reuters) - AngloGold Ashanti AU.N says its profit surged to $954 million last year from a loss of $46 million in the prior year amid a rally in prices for the precious metal. The gold producer also raised its output forecast this year to between 2.9 million ounces and 3.2 mi...Reuters
Wed, Feb 19
Deals of the day-Mergers and acquisitions
Feb 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday: ** Switzerland's EFG International said it had posted a net profit of 321.6 million Swiss francs ($356 million) in 2024, an increase of 6% from the previous year, and that it ...Reuters
Wed, Feb 19
German union calls one-day public transport strike in six states on Friday
BERLIN, Feb 19 (Reuters) - Germany's public sector Verdi union has called a one-day strike on local public transport in six of Germany's 16 federal states for Friday to increase the pressure in wage talks.The union said on Wednesday it will target the states of Baden-Wuerttemberg, Bremen, He...Reuters
Wed, Feb 19
China proposes new rules to tighten control over rare earth sector
Adds further details throughout BEIJING, Feb 19 (Reuters) - China on Wednesday began public consultation on new regulations designed to protect its domestic rare earth industry, a sector where Beijing has previously weaponised its dominance via export controls and other restrictions.The draft reg...Reuters
Wed, Feb 19
China seeks public feedback on rare earth quota management
BEIJING, Feb 19 (Reuters) - China is seeking public feedback on draft measures for rare earth mining, smelting, separation, and information management, the industry ministry said on Wednesday.The move is aimed at more effectively protecting its domestic rare earth resources, it added.Reuters
Wed, Feb 19
South Africa's white farmers would be among victims if Trump ends growth bill
Africa trade deal AGOA key for some South African exportsAxing it could harm white farmers Trump claims to supportSome Republicans push to revoke country's AGOA benefitsBy Tim Cocks JOHANNESBURG, Feb 19 (Reuters) - Donald Trump's axing of aid to South Africa, in response to land reform po...Reuters
Wed, Feb 19
EU envoys agree ban on Russian aluminium imports in new sanctions package
Adds comment from EU commission president in par 3, more detail on shadow fleet in par 8By Julia Payne BRUSSELS, Feb 19 (Reuters) - EU envoys on Wednesday agreed on a 16th package of sanctions against Russia, EU diplomats said, including a ban on primary aluminium imports, sales of gaming console...Reuters
Wed, Feb 19
BUZZ-COMMENT-An overbought gold price could present opportunities
Feb 19 (Reuters) - Despite geopolitical, fiscal, macroeconomic and international trade uncertainty continuing to drive investment flows towards the safety of gold, there might be scope to buy the yellow metal at better levels.Fundamentally the argument for holding gold is a strong one and the draw o...Reuters
Wed, Feb 19
China refiners buy more Brazilian, W.African crude as sanctions, tariffs disrupt supply
China's Brazilian crude imports could hit an eight-month high in February - analystSaudi crude to China to fall in March after price surgeYulong snaps up Brazilian and WAF crude for March, April deliveryBy Siyi Liu and Chen Aizhu SINGAPORE, Feb 19 (Reuters) - Chinese refiners have stepped...Reuters
Wed, Feb 19
Turkey says no information received yet on Iraq oil flows resuming
ANKARA, Feb 19 (Reuters) - Turkey has not yet received any information from Iraq on the resumption of oil flows on the Iraq-Turkey pipeline, Turkish Energy Minister Alparslan Bayraktar told Reuters on Wednesday.Iraq's oil minister said on Monday that oil exports from the semi-autonomous Kurdista...Reuters
Wed, Feb 19
PRECIOUS-Gold steadies as investors eye Russia-Ukraine peace talks
Bullion is only $4 shy of its $2,942.70 record highGold's upside remains capped, says analystTrump says he will introduce 25% tariffs on autosFed's January meeting minutes due later in the dayAdds comment and updates with mid-session tradingBy Rahul Paswan Feb 19 (Reuters) - Gold prices h...Reuters
Wed, Feb 19
EUROPE GAS-Dutch gas stable amid lower demand, healthy supply
LONDON, Feb 19 (Reuters) - Dutch wholesale gas prices were little changed on Wednesday morning amid lower demand and robust supply.The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 inched down by 0.28 euro to 49.33 euros per megawatt hour (MWh) by 0853 GMT, according to LSEG data.Th...Reuters
Wed, Feb 19
TABLE-UAE's Fujairah oil inventory data for week ended February 17
Feb 19 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended February 17, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...Reuters
Wed, Feb 19
