News
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CORRECTED-PRECIOUS-Gold rises on weaker dollar, rate cut expectations ahead of US jobs data (Dec 15)
Dollar U.S. employment data due on TuesdayPalladium climbs to 2-month peak, platinum at 14-year highBy Sarah Qureshi Dec 15 (Reuters) - Spot gold rose to hover near a seven-week peak on Monday, bolstered by a softer dollar and expectations of U.S. interest rate cuts ahead of key jobs data, while ...Reuters
Tue, Dec 16
TotalEnergies to sell stake in Malaysian gas block to Thailand's PTTEP
Thailand is Southeast Asia's top LNG importerMalaysia is a top five global LNG exporterTotalEnergies under pressure to lower debtNatural gas demand set to riseBy America Hernandez PARIS, Dec 16 - TotalEnergies TTEF.PA has agreed to sell an indirect stake of almost 10% in a Malaysian offshore ...Reuters
Tue, Dec 16
Korea Zinc shareholders ask court to block share sale in $7.4 billion US project
Injunction sought to block $1.9 billion share sale Korea Zinc shares drop 14%Top shareholders argue board had insufficient time to review the planBy Heejin Kim and Hyunjoo Jin SEOUL, Dec 16 (Reuters) - Two major Korea Zinc 000670.KS shareholders asked a court on Tuesday to block the company's...Reuters
Tue, Dec 16
EU to extend carbon border levy to new products, draft shows
BRUSSELS, Dec 16 (Reuters) - The European Union plans to expand its upcoming carbon border tariff to cover more imported products, a draft European Commission document seen by Reuters showed, in an attempt to close a loophole for foreign firms to circumvent the levy."The proposal will extend the...Reuters
Tue, Dec 16
REFILE-Ghana bans mining in forest reserves to curb environmental damage
ACCRA, Dec 11 (Reuters) - Ghana has banned mining in forest reserves as part of sweeping environmental protections aimed at safeguarding water bodies and halting deforestation, the Ministry of Environment, Science and Technology said.Africa’s top gold producer is battling a surge in poorly regulated...Reuters
Tue, Dec 16
Senior EU lawmaker: EU will have 90% CO2 reduction target, easing 2035 engine ban
BRUSSELS, Dec 16 (Reuters) - The European Union will target a 90% reduction in CO2 emissions for automakers' fleet from 2035, senior EU lawmaker Manfred Weber said on Tuesday."This means all engines after 2035 are allowed," said Weber, president of the largest party in the European Parli...Reuters
Tue, Dec 16
Iraq's dreams of wheat independence dashed by water crisis
Drought and upstream dams slash Iraq's water reserves FAO forecasts increased imports Crisis threatening rural livelihoodsBy Sarah El Safty and Moayed Kenany NAJAF, Iraq, Dec 16 (Reuters) - Iraqi wheat farmer Ma'an al-Fatlawi has long depended on the nearby Euphrates River to feed his fie...Reuters
Tue, Dec 16
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
Dec 16 (Reuters) - France's TotalEnergies TTEF.PA said on Tuesday it had signed a 21-year power supply deal with Alphabet's Google GOOGL.O, pledging to supply 1 terawatt hour of renewable energy to support its data centres in Malaysia.The French energy major said the power would be generated...Reuters
Tue, Dec 16
TotalEnergies wins 21-year deal to power Google's data centres in Malaysia
Dec 16 (Reuters) - France's TotalEnergies TTEF.PA said on Tuesday it had signed a 21-year power supply deal with Google GOOGL.O, pledging to supply a total of one terawatt-hour worth of energy from a solar plant in Malaysia, which is scheduled for construction in early 2026.Reuters
Tue, Dec 16
EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports
BERLIN, Dec 16 (Reuters) - The European Commission is weighing a new compensation scheme that could allow car makers to sell combustion-engine vehicles beyond 2035, Germany's Handelsblatt newspaper reported on Tuesday, citing senior Commission sources.Under the proposed framework, up to 30% of c...Reuters
Tue, Dec 16
TABLE-North Sea gas maintenance schedule: Adds Easington outage
Dec 16 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Tue, Dec 16
CORRECTED-Turkey says it downs uncontrolled drone that approached from Black Sea
ANKARA, Dec 16 (Reuters) - Turkey shot down an uncontrolled drone that approached its airspace from the Black Sea, the defence ministry said.The incident follows Turkey's warning last week of Black Sea escalation after Russian attacks on Ukrainian ports that damaged three Turkish-owned cargo ves...Reuters
Tue, Dec 16
Pakistan seeks oil deal with Russia as energy ministries hold talks, RIA reports
Dec 16 (Reuters) - Russia and Pakistan are in talks on a potential oil-sector agreement, Pakistan’s Finance Minister Muhammad Aurangzeb told RIA news agency in remarks published on Tuesday. "All of these areas are Russia’s strengths. And we would be very happy if Russia agreed on an agreement in...Reuters
Tue, Dec 16
Silver Price Forecast: XAG/USD breaks below 100-hour SMA pivotal support near $62.50
Silver (XAG/USD) attracts some sellers during the Asian session on Tuesday and reverses a part of the previous day's move up back closer to the record high. The white metal slides further below mid-$62.00s in the last hour, losing over 2.5% for the day.
Fxstreet
Tue, Dec 16
GRAINS-Wheat slips to 8-week low as big Southern Hemisphere harvests boost supply
CANBERRA, Dec 16 (Reuters) - Chicago wheat futures tumbled for a second day on Tuesday, falling to their lowest in eight weeks, as large crops in Argentina and Australia kept the market flush with supply.Corn futures also slipped, pressured by competition from cheap feed wheat that could reduce corn...Reuters
Tue, Dec 16
WTI declines below $56.50 on potential Russia-Ukraine peace deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.35 during the Asian trading hours on Tuesday. The WTI price remains under selling pressure amid renewed signs of optimism surrounding a deal to end the war in Ukraine.Fxstreet
Tue, Dec 16
China seizes smuggled drugs on US tip
BEIJING, Dec 16 (Reuters) - China seized 430 kg of smuggled cocaine last month, acting on information from the United States, the Chinese Public Security Ministry said on Tuesday. Chinese authorities were able to seize the drugs from a "suspicious" international container at Yantian Port in ...Reuters
Tue, Dec 16
MBK, YoungPoong seek court injunction to block Korea Zinc's share sale plan
SEOUL, Dec 16 (Reuters) - South Korean private equity firm MBK Partners and metal smelter YoungPoong Corp requested an injunction at a local court to block Korea Zinc's share sale plan to fund the construction of a smelter in the U.S., MBK said in a statement on Tuesday. Korea Zinc said on Monda...Reuters
Tue, Dec 16
