News
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Brad Jacobs steps down from XPO, GXO boards
Dec 15 (Reuters) - Brad Jacobs will step down as chairman at XPO XPO.N and GXO Logistics GXO.N, the companies said on Monday.Jacobs is often touted as an M&A guru, building multibillion-dollar logistics, waste management and equipment rentals firms.He founded XPO Logistics, now XPO, in 2011 and ...Reuters
Mon, Dec 15
Venezuela's PDVSA says operations unaffected by cyber attack, blames U.S.
Dec 15 (Reuters) - Venezuelan state oil company PDVSA was subject to a cyber attack orchestraed by the U.S. and domestic conspirators, the company and the country's oil ministry said in a statement on Monday, adding operations have been unaffected.The comments come amid high tensions between the...Reuters
Mon, Dec 15
Phillips 66 forecast higher spending in 2026
Dec 15 - Phillips 66 PSX.N on Monday forecast higher spending in 2026 as the U.S. refiner expects increased disbursement in its midstream and refining segment.The company expects to spend $2.4 billion, compared with $2.1 billion projected for this year.Reuters
Mon, Dec 15
Argentina's YPF accepts Adecoagro offer for stake in fertilizer firm
BUENOS AIRES, Dec 15 (Reuters) - Argentina's state-run oil firm YPF YPFDm.BA has accepted a binding offer from Adecoagro AGRO.N for its 50% stake in fertilizer producer Profertil, it said in a statement on Monday."This transaction allows the company to continue focusing on its strategic busi...Reuters
Mon, Dec 15
GRAINS-Soybeans fall to seven-week low on disappointing US exports, then recover
By Michael Hogan HAMBURG, Dec 15 (Reuters) - Chicago soybeans touched seven-week lows on Monday on selling pressure following tepid U.S. export demand and the upcoming Brazilian harvest, but stabilised on bargain-buying.Wheat fell as Argentina's large crop kept world supplies plentiful. Corn ...Reuters
Mon, Dec 15
Canopy Growth To Acquire MTL Cannabis
Dec 15 (Reuters) - MTL Cannabis Corp MTLC.CD:CANOPY GROWTH TO ACQUIRE MTL CANNABIS; TRANSACTION EXPECTED TO CREATE CANADA’S LEADING MEDICAL CANNABIS BUSINESS AND ENHANCE CAPACITY TO SERVE GROWING INTERNATIONAL DEMANDCANOPY GROWTH CORP - DEAL VALUED AT $125 MILLION EQUITY, $179 MILLION ENTERPRISE VAL...Reuters
Mon, Dec 15
FACTBOX-Trump administration pivots to buying stakes in critical sectors
Dec 15 (Reuters) - The Trump administration is ramping up efforts to secure U.S. supply chains for critical minerals and semiconductors by converting federal grants for companies into equity stakes, aimed at reducing reliance on China.The administration has taken or discussed stakes in several compa...Reuters
Mon, Dec 15
PRECIOUS-Gold gains 1% on safe-haven demand, softer dollar ahead of US jobs data
Dollar Non-farm payrolls data due on TuesdayMarkets pricing in two US rate cuts next year By Pablo Sinha Dec 15 (Reuters) - Gold climbed 1% on Monday to hover near a seven-week high, supported by a weaker dollar, expectations of interest rate cuts and safe-haven buying due to geopolitical tensio...Reuters
Mon, Dec 15
Copper miners gain as red metal prices rise on short-covering
U.S.-listed shares of copper miners rise premarket, tracking higher prices of the red metal MET/LBenchmark copper CMCU3 on London Metal Exchange up 1.4% at $11,670 a metric tonCopper prices rise as some traders rolled forward positions ahead of a contract expiry this week, helping the market to setReuters
Mon, Dec 15
EU foreign ministers adopt sanctions targeting Russian shadow fleet, EU official says
BRUSSELS, Dec 15 (Reuters) - Foreign ministers of the European Union's member states adopted sanctions targeting enablers of the Russian shadow fleet of oil tankers, a EU official said on Monday.The sanctions target nine so called enablers of the shadow fleet, who are businessmen linked to Russi...Reuters
Mon, Dec 15
INSIGHT-How Canada's farmers are producing record crops despite droughts and floods
Canadian farmers resort to a suite of measures to try to outrun climate change Record harvests of spring wheat and canola defy dire climate scenariosTechnology and seed science offer hope for future crops - but at a steep priceBy Ed WhiteWAWANESA, Manitoba, Dec 15 (Reuters) - When farmer Simon Ellis...Reuters
Mon, Dec 15
RPT-ROI-US squeeze on Venezuela oil won’t create global crunch: Bousso
By Ron Bousso LONDON, Dec 15 (Reuters) - The United States' tightening grip on Venezuela’s oil exports could strangle the country's crude output and cut off President Nicolas Maduro's main economic lifeline, but it will have limited impact on the global market.The U.S. Coast Guard las...Reuters
Mon, Dec 15
India says no dumping in premium basmati rice exports to US
NEW DELHI, Dec 15 (Reuters) - India rejected on Monday U.S. accusations that it is "dumping" rice in the United States, saying its rice exports are primarily premium-grade basmati which typically commands higher prices than non-basmati varieties. U.S. President Donald Trump said las...Reuters
Mon, Dec 15
PRECIOUS-Gold gains 1% on safe-haven demand, softer dollar ahead of US jobs data
Dollar Non-farm payrolls data due on TuesdayMarkets pricing in two US rate cuts next year By Pablo Sinha Dec 15 (Reuters) - Gold climbed 1% on Monday to hover near a seven-week high, supported by a weaker dollar, expectations of interest rate cuts and safe-haven buying due to geopolitical tensio...Reuters
Mon, Dec 15
U.S. demands EU exempt its gas from methane emissions law, document shows
BRUSSELS, Dec 15 (Reuters) - The United States government has demanded that the European Union exempts the U.S. from obligations under the bloc's methane emissions law on oil and gas imports until 2035, a U.S. government document seen by Reuters on Monday showed.The document, circulated to EU me...Reuters
Mon, Dec 15
Kazakhstan hopes to speed up replacement of damaged mooring at CPC's Black Sea terminal
Exports reduced after SPM-2 damaged in Ukrainian drone attackSPM-1 operational, SPM-3 under maintenance since mid-NovemberDivers working under a dome to install underwater hoses at SPM-3By Tamara Vaal ASTANA, Dec 15 (Reuters) - The delivery of two new mooring points, to replace damaged and old eq...Reuters
Mon, Dec 15
Greece arrests five over cocaine trafficking on ship from Venezuela to Europe
ATHENS, Dec 15 (Reuters) - Greek police have arrested five suspected members of an international crime ring trafficking an estimated seven tonnes of cocaine from Venezuela to Europe on a Greek-operated fishing vessel, two police officials said on Monday. The arrests, in various parts of Greece, foll...Reuters
Mon, Dec 15
Korea Zinc to build $7.4 bln smelter in US
SEOUL, Dec 15 (Reuters) - Korea Zinc 010130.KS said on Monday that it plans to build a smelter to produce key metals and minerals in the United States in a project that would cost $7.4 billion. Korea Zinc said the U.S. government asked the company to build the facilities, to respond to the expan...Reuters
Mon, Dec 15
