News
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PG&E transformer fire cuts power to 11,000 customers in San Francisco
Dec 29 (Reuters) - Utility firm PG&E Corp PCG.N said on Monday that its crews are working to assess a transformer fire in San Francisco and restore power to affected customers safely. The outage, which began at 7:45 p.m. ET Sunday (0045 GMT), affected about 11,000 customers, the company said.Reuters
Mon, Dec 29
GRAINS-Chicago wheat gains on Black Sea concerns; soybeans rise, corn flat
BEIJING, Dec 29 (Reuters) - Chicago wheat futures rose slightly on Monday as concerns over Black Sea export tensions persisted, despite positive signals from talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy on ending the war.The most-active wheat contract on the ...Reuters
Mon, Dec 29
TECHNICALS-CBOT soybeans may retest support at $10.70-1/2
For more technical analyses, please click SINGAPORE, Dec 29 (Reuters) - The CBOT soybean March contract SH26 may retest support at $10.70-1/2 per bushel, as a bounce from $10.57 may have completed.The bounce only briefly pierced above resistance at $10.78-3/4, narrowly missing its target of $10.85, ...Reuters
Mon, Dec 29
China launches war games around Taiwan as island vows to defend democracy
China says its military has surrounded Taiwan for war gamesEastern Theatre Command plans to practice coordinated assaultIssues coordinates for live-fire exercises on TuesdayTaiwan government condemns drillsTaiwan mobilises troops to rehearse repelling Chinese attackBy Joe Cash and Yimou LeeBEIJING/T...Reuters
Mon, Dec 29
Gold edges lower as traders take profits after hitting record high
Gold price (XAU/USD) retreats from a record high near $4,550 during the Asian trading hours on Monday as traders book some profits ahead of holidays. A renewed US Dollar (USD) could also weigh on the precious metal, as it makes Gold more expensive for non-US buyers, pressuring prices.Fxstreet
Mon, Dec 29
Mexican train derailment kills at least 13 people, 98 injured
By Natalia SiniawskiMEXICO CITY, Dec 28 (Reuters) - Mexican authorities said on Sunday that at least 13 people were killed after an Interoceanic Train carrying 250 people derailed in the southern state of Oaxaca.The Mexican Navy said the train, which derailed near the town of Nizanda, was carrying n...Reuters
Mon, Dec 29
Oil gains as investors weigh Middle East tensions
Dec 29 (Reuters) - Oil prices rose in early Asian trading on Monday as investors weighed Middle East tensions that could disrupt supply, while a major hurdle remains in the Russia–Ukraine peace talks. Brent crude futures LCOc1 rose 57 cents or 0.94% to $61.21 per barrel by 0112 GMT, while U.S. West ...Reuters
Mon, Dec 29
GRAINS-Chicago wheat futures slip after Zelenskiy-Trump peace talks
BEIJING, Dec 29 (Reuters) - Chicago wheat futures edged lower on Monday, as concerns over supply from the Black Sea region eased following a meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy on Sunday.Soybeans and corn both ticked lower in light trading. ...Reuters
Mon, Dec 29
CORRECTED-Spot silver crosses $80 for the first time
Dec 29 (Reuters) - Spot silver XAG= climbed above $80 an ounce on Monday, supported by robust industrial and investment demand, tightening inventories, geopolitical tensions and expectations of further U.S. interest rate cuts.Silver prices rose 3.9% to $82.22 per ounce by 2342 GMT on December 28, af...Reuters
Mon, Dec 29
Spot silver crosses $80 for the first time
Dec 29 (Reuters) - Spot silver XAG= climbed above $80 an ounce on Monday, supported by robust industrial and investment demand, tightening inventories, geopolitical tensions and expectations of further U.S. interest rate cuts.Silver prices rose 3.9% to $82.22 per ounce by 1142 GMT on December 28, af...Reuters
Sun, Dec 28
FOCUS-Inside Beijing's bid to tame the global iron ore market
China's state buyer CMRG pressuring mining giants like BHP for better contract termsSome Chinese steelmakers say CMRG has not delivered on better pricesSimandou project in Guinea could shift global iron ore dynamics in China's favour by 2028By Melanie Burton Dec 29 (Reuters) - China's...Reuters
Sun, Dec 28
Putin and Trump think Ukraine must make decision on Donbas, the Kremlin says
MOSCOW, Dec 28 (Reuters) - The Kremlin said on Sunday that Russian President Vladimir Putin and U.S. President Donald Trump think that Ukraine must make a decision on Donbas without delay and they do not support a European-Ukrainian push for a ceasefire ahead of a settlement.Reuters
Sun, Dec 28
Russia says situation at Zaporizhzhia power plant is stable
MOSCOW, Dec 28 (Reuters) - The situation at the Russian-controlled Zaporizhzhia nuclear power plant is stable and power is being supplied through one high-voltage line, the state RIA news agency cited a spokesman at the plant as saying. An IAEA team is monitoring repairs near the plant after a local...Reuters
Sun, Dec 28
Ukraine says it struck Syzran oil refinery in Russia's Samara region
KYIV, Dec 28 (Reuters) - The Ukrainian military said on Sunday that it struck the Syzran oil refinery in Russia's Samara region in an overnight drone attack.The strike on the facility caused a fire and damages were still being assessed, Kyiv's General Staff said in a statement.It added that ...Reuters
Sun, Dec 28
Demand for China's lithium batteries will slump in early 2026, car association head says
SHANGHAI, Dec 28 (Reuters) - Demand for Chinese lithium batteries will likely slump in early 2026 due to an expected tumble in domestic electric vehicle sales and slowing battery exports, the secretary general of China's passenger car association said on Sunday."Looking into 2026, demand for...Reuters
Sun, Dec 28
Libya's Waha Oil adds two gas wells to Farigh field
CAIRO, Dec 28 (Reuters) - Libya's Waha Oil Company, a subsidiary of state-run National Oil Corporation, said on Sunday that it has two new gas wells operating at its Farigh field.It said in a statement that it has succeeded in bringing onstream two gas fields carrying a daily production rate of ...Reuters
Sun, Dec 28
