News
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SOFTS-Raw sugar hits one-week low as dollar, increased supply weigh
LONDON, Dec 18 (Reuters) - Raw sugar futures on the ICE exchange hit their lowest in more than a week on Thursday as dealers eyed a stronger dollar and improved supply prospects.SUGARRaw sugar SBc1 fell 1% to 14.61 cents per lb at 1209 GMT, having hit a more than one-week low of 14.58. Sugar is on c...Reuters
Thu, Dec 18
PRESS DIGEST-Canada - Dec 18
Dec 18 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILEli Lilly & Co. LLY.N will cut Canadian list prices for its diabetes and weight-loss drugs Mounjaro and Zepbound ...Reuters
Thu, Dec 18
Gold eases within range as US CPI looms
Gold (XAU/USD) consolidates with modest losses on Thursday as traders trim exposure ahead of the US inflation report. At the time of writing, XAU/USD is trading around $4,325, remaining confined to the familiar range that has dominated price action so far this week.
Fxstreet
Thu, Dec 18
Trump Media & Technology To Merge With TAE Technologies In Over $6 Billion All-Stock Deal
Dec 18 (Reuters) - Trump Media & Technology Group Corp DJT.O:TRUMP MEDIA & TECHNOLOGY GROUP TO MERGE WITH TAE TECHNOLOGIES, A PREMIER FUSION POWER COMPANY, IN ALL-STOCK TRANSACTION VALUED AT MORE THAN $6 BILLIONTRUMP MEDIA & TECHNOLOGY: COMBINED COMPANY EXPECTS TO SITE AND COMMENCE CONST...Reuters
Thu, Dec 18
Taiwan rattled by 5.1 magnitude quake, no immediate reports of damage
TAIPEI, Dec 18 (Reuters) - A 5.1 magnitude earthquake struck 18 km (11 miles) off eastern Taiwan's Hualien city on Thursday, the island's weather administration said, with no immediate reports of damage.The quake briefly shook buildings in the capital, Taipei. The quake had a depth of 31.6 k...Reuters
Thu, Dec 18
Wheat holds near 8-week lows after China cancels purchases from US
CANBERRA, Dec 18 (Reuters) - Chicago wheat futures found their footing on Thursday but remained near eight-week lows after China cancelled purchases from the U.S. and as large harvests in Argentina and Australia poured new grain into a well-supplied market.Soybean futures were flat after falling onReuters
Thu, Dec 18
Russia says it hopes Trump does not make a 'fatal mistake' on Venezuela
MOSCOW, Dec 18 (Reuters) - Russia's Foreign Ministry said on Thursday it hoped that U.S. President Donald Trump's administration would not make a fatal mistake over Venezuela and said Moscow was concerned about U.S. decisions that threatened international shipping.Trump on Tuesday ordered a ...Reuters
Thu, Dec 18
RPT-ROI-BP's CEO shake-up could pave way to mega merger: Bousso
By Ron Bousso LONDON, Dec 18 (Reuters) - The surprise appointment of Meg O'Neill as BP's first outsider CEO offers the bruised $90 billion British oil company three clear strategic choices for moving forward: build, buy or be bought.BP BP.L announced on Wednesday that CEO Murray Auchinclo...Reuters
Thu, Dec 18
FOCUS-Why Canada's hottest shale play is catching the eye of US producers
US firms eye Canada's Montney due to depleted US shale prospectsMontney offers room to grow with comparatively untapped geologyRising interest in Canada's oilpatch comes after a decade of reduced foreign investment By Amanda Stephenson and Shariq Khan CALGARY/NEW YORK, Dec 18 (Reuters) - ...Reuters
Thu, Dec 18
Spanish police search laboratory in African swine fever probe
MADRID, Dec 18 (Reuters) - Spanish police searched a state-funded laboratory near Barcelona on Thursday as part of an investigation into the origin of the African swine fever outbreak in the same area, regional police said.The court-ordered move follows concerns raised this month that the outbreak d...Reuters
Thu, Dec 18
Bank of America Sees 1% YoY Drop in US Shale Production if WTI Averages $57 in 2026
Dec 18 (Reuters) - BANK OF AMERICA:PROJECTS WTI CRUDE OIL PRICES SHOULD AVERAGE $57/BBL COMPARED TO $65/BBL THIS YEARSAYS IF WTI PRICES AVERAGE $57/BBL IN 2026, IN LINE WITH ITS PROJECTION, US SHALE OIL PRODUCTION MAY CONTRACT BY 70K B/D OR 1% YOYSAYS IT REMAIN SOMEWHAT BEARISH ON PRICES IN 2026, WI...Reuters
Thu, Dec 18
FACTBOX-Over 333,100 US customers still without power as storms hit Pacific Northwest and Rocky Mountains
By Scott DiSavino and Noel John NEW YORK, Dec 18 (Reuters) - Over 333,100 homes and businesses were still without power on Thursday as severe storms battered the U.S. Pacific Northwest and Rocky Mountains, according to data from PowerOutage.us. That was down from around 585,000 ...Reuters
Thu, Dec 18
BREAKINGVIEWS-US minerals quest steps into Korea governance mess
By Robyn Mak HONG KONG, Dec 18 (Reuters Breakingviews) - When U.S. President Donald Trump signed an executive order to rebrand the Department of Defense as the Department of War, he was probably not thinking of corporate governance battles in South Korea. Nevertheless, his administration's de...Reuters
Thu, Dec 18
Japan's JAPEX buys US tight oil and gas assets in $1.3 billion deal
TOKYO, Dec 18 (Reuters) - Japan Petroleum Exploration 1662.T said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal.JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, ...Reuters
Thu, Dec 18
Russia says it hopes Trump does not make 'a fatal mistake' on Venezuela
MOSCOW, Dec 18 (Reuters) - Russia's foreign ministry said on Thursday that it hoped that U.S. President Donald Trump's administration did not make a fatal mistake over Venezuela and said that Moscow was concerned about U.S. decisions that threatened international navigation. "We hope tha...Reuters
Thu, Dec 18
Singapore fuel oil stockpiles slip after rising for three straight weeks
SINGAPORE, Dec 18 (Reuters) - Onshore fuel oil stockpiles in Singapore fell after climbing for three consecutive weeks, as both imports and exports declined from the previous week, data showed on Thursday. Inventories STKRS-SIN fell 5.4% week-on-week to 24.66 million barrels (about 3.88 million metr...Reuters
Thu, Dec 18
