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PRESS DIGEST-British Business - December 17
Dec 17 (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 - UK ministers will announce on Wednesday that the UK is rejoining the Erasmus exchange programme fr...Reuters
Wed, Dec 17
China's newest aircraft carrier sailed through Taiwan Strait, Taipei says
China's newest carrier entered service last monthTaiwan reports further Chinese military activities nearbyTaiwan has complained of repeated Chinese military harassment TAIPEI, Dec 17 (Reuters) - China's newest and most advanced aircraft carrier, the Fujian, sailed through the Taiwan Strai...Reuters
Wed, Dec 17
Silver Price Forecast: XAG/USD hits record highs near $66 on weak US data
Silver price (XAG/USD) posts a fresh all-time high near $66 during the Asian trading session on Wednesday. The white metal extends its bull run as weak United States (US) employment data, Retail Sales, and flash S&P Global Purchasing Managers’ Index (PMI) data raise economic concerns.
Fxstreet
Wed, Dec 17
VEGOILS-Palm slips on weak rival Dalian; stronger Chicago soyoil, crude limit fall
KUALA LUMPUR, Dec 17 (Reuters) - Malaysian palm oil futures inched lower for a fourth straight session on Wednesday, weighed by weaker Dalian edible oils, though stronger Chicago soyoil and crude oil prices limited the fall. The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Mala...Reuters
Wed, Dec 17
WTI climbs above $55.50 as Trump orders blockade of sanctioned Venezuelan oil tankers
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $55.75 during the Asian trading hours on Wednesday. The WTI price climbs amid rising volatility around Latin American crude supply.
Fxstreet
Wed, Dec 17
GRAINS-Wheat slips after ample supply triggers fund sell-off
CANBERRA, Dec 17 (Reuters) - Chicago wheat futures edged lower on Wednesday after plunging to eight-week lows in the previous session, as ample supply and progress in peace negotiations between Russia and Ukraine triggered selling by speculative investors. Corn futures steadied after falling on Tues...Reuters
Wed, Dec 17
Gold advances to near seven-week highs amid US labor market cooling
Gold price (XAU/USD) extends its upside to near seven-week highs above $4,300 during the Asian trading hours on Wednesday. The precious metal gains momentum as the US labor market remains relatively resilient but shows signs of slowing.
Fxstreet
Wed, Dec 17
US orders unit at TransAlta coal plant in Washington state to stay open
WASHINGTON, Dec 16 (Reuters) - The U.S. energy secretary signed an order on Tuesday to keep a unit open at TransAlta TA.TO coal power plant in Washington state through much of the winter, in the latest move by the Trump administration to support fossil fuels.The order directs unit 2 of the Centralia...Reuters
Wed, Dec 17
US orders unit at TransAlta coal plant in Washington state to stay open
WASHINGTON, Dec 16 (Reuters) - The U.S. energy secretary on Tuesday signed an order to keep a unit open at TransAlta TA.TO coal power plant in Washington state through much of the winter in the latest move by the Trump administration to support fossil fuels.The order directs unit 2 of the Centralia ...Reuters
Wed, Dec 17
Trump expected to sign executive order to fast-track reclassification of cannabis, NBC News reports
Dec 16 (Reuters) - U.S. President Donald Trump is expected to sign an executive order as soon as this week that would fast-track the reclassification of cannabis, NBC News reported on Tuesday, citing four people with direct knowledge of the plans.Trump told reporters on Monday he was considering the...Reuters
Wed, Dec 17
Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
WASHINGTON, Dec 16 (Reuters) - U.S. President Donald Trump on Tuesday ordered "a total and complete" blockade of all sanctioned oil tankers entering and leaving Venezuela. "For the theft of our Assets, and many other reasons, including Terrorism, Drug Smuggling, and Human Trafficking, th...Reuters
Tue, Dec 16
CIF/FOB Gulf Grain-Soybean barge basis steady to higher on firm demand, freight costs
CHICAGO, Dec 16 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals in December were steady to firm on Tuesday on moderate exporter demand and rising freight costs, while corn basis bids were mostly steady to weak, traders said.Demand from Chinese importers for U.S. soy...Reuters
Tue, Dec 16
Petrobras enters Brazil solar energy segment in deal for 49.99% of Lightsource bp subsidiaries
SAO PAULO, Dec 16 (Reuters) - Brazil's state-run oil company Petrobras PETR3.SA signed a deal to acquire 49.99% of Lightsource bp's subsidiaries in the country, the firms said in a statement on Tuesday. The new partnership, which marks Petrobras' entry into the solar energy segment, will...Reuters
Tue, Dec 16
US Cash Crude-Grades firm even as benchmark prices weaken
HOUSTON, Dec 16 (Reuters) - U.S. cash crude grades strengthened on Tuesday even as benchmark prices weakened. Mars strengthened 55 cents, while SGC rose 60 cents and Thunder Horse rose 50 cents. Oil futures settled at their lowest level since February 2021 on Tuesday amid ongoing jitters surrounding...Reuters
Tue, Dec 16
Imports to busiest US seaport tumble 11.5% in November as tariffs bite, port executive says
Port of Los Angeles reports 11.5% drop in import volume in NovemberU.S. tariffs and global trade uncertainties to persist into 2026Potential U.S. Supreme Court ruling could impact future tariff policiesBy Lisa Baertlein LOS ANGELES, Dec 16 (Reuters) - The nation's busiest seaport handled 11.5...Reuters
Tue, Dec 16
QUOTES-Auto sector divided as EU unveils plans to undo 2035 combustion engine ban
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that would reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The proposed package cuts the planned 2035 goal to a 90% reduction in...Reuters
Tue, Dec 16
Venezuela faces demands for big oil discounts and contract changes after tanker seizure
PDVSA struggles with stuck cargoes and rising price discountsCustomers request relaxed payment terms, demurrage reimbursementsCyberattack disrupts PDVSA's administrative systems, halting oil deliveriesBy Marianna Parraga HOUSTON, Dec 16 (Reuters) - Venezuela's oil customers, including Chi...Reuters
Tue, Dec 16
