News
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Turkey warns of Black Sea escalation, seeks halt to attacks after ship damaged in Ukraine
ANKARA, Dec 12 (Reuters) - Turkey on Friday called for an urgent end to the Russia-Ukraine war after a Turkish-owned cargo vessel was damaged in an attack on Ukraine’s Chornomorsk port, saying the incident underscored risks to Black Sea maritime security.In a foreign ministry statement, Ankara also ...Reuters
Fri, Dec 12
US admiral leading US troops in Latin America steps down
US has carried out strikes on suspected drug vessels in the CaribbeanDeparture follows other senior military exits under US Defense Secretary HegsethTrump administration has signaled foreign policy shift toward Western HemisphereBy Phil Stewart MIAMI, Dec 12 (Reuters) - The admiral in charge of U...Reuters
Fri, Dec 12
JBS to close California beef plant
By Tom Polansek CHICAGO, Dec 12 (Reuters) - JBS will permanently close a facility outside Los Angeles that prepares beef for sale at U.S. grocery stores, the world's largest meat company said on Friday, as tight cattle supplies have raised costs for meatpackers.JBS will shut its Swift Beef Co...Reuters
Fri, Dec 12
How tight supply, AI demand propelled copper towards $12,000
Investors looking for exposure to AI buy copperSprott's copper ETF prices up 46% so far this yearUS copper prices attract shipmentsBy Polina Devitt and Pratima Desai LONDON, Dec 12 (Reuters) - Copper is closing in on the $12,000 a metric ton mark as expectations of soaring demand from data ce...Reuters
Fri, Dec 12
METALS-Copper slumps after hitting record as tech bubble fears resurface
Dec 12 (Reuters) - Copper plunged more than 3% on Friday, after hitting a record high earlier in the session, as renewed fears of the AI bubble bursting sparked a broad sell-off of riskier assets.Benchmark three-month copper CMCU3 on the London Metal Exchange fell as much as 3.5% to $11,451.50 and w...Reuters
Fri, Dec 12
Europe Gasoline/Naphtha-Gasoline refining profit margins fall
LONDON, Dec 12 (Reuters) - Northwest European gasoline refinery profit margins fell by about $1.26 to $13.27 a barrel on Friday.About 14,000 metric tons of Eurobob E5 gasoline traded on barges as Exxon Mobil and Trafigura sold to Gunvor, TotalEnergies, Varo and BP. Exxon sold an E10 gasoline barge t...Reuters
Fri, Dec 12
JBS to close California beef plant over low US cattle supply
By Tom Polansek CHICAGO, Dec 12 (Reuters) - JBS will permanently close a facility outside Los Angeles that prepares beef for sale at U.S. grocery stores, the world's largest meat company said on Friday, as tight cattle supplies have raised costs for meatpackers.JBS will shut its Swift Beef Co...Reuters
Fri, Dec 12
EXCLUSIVE-Mali returns possession of 3 tons of seized gold to Barrick, sources say
By Portia Crowe Dec 12 - A Malian judge has ordered the return of possession of 3 metric tons of gold seized nearly a year ago from Barrick Mining's Loulo-Gounkoto complex to the Canadian miner, according to two people familiar with the matter.The gold, worth about $400 million, was seized by...Reuters
Fri, Dec 12
SOFTS-Raw sugar gains on bullish technical signals; robusta coffee slides
LONDON, Dec 12 (Reuters) - Raw sugar futures on the ICE exchange hit two-week highs on Friday on bullish technical trade signals, while robusta coffee touched its lowest in nearly four months.SUGARRaw sugar SBc1 was up 0.9% at 14.98 cents per lb at 1543 GMT, having hit a two-week high of 15.27.The c...Reuters
Fri, Dec 12
Fuel tanker blast kills at least eight in Cameroon’s southwest
YAOUNDE, Dec 12 (Reuters) - At least eight people were killed after a fuel tanker crashed and exploded early on Friday in Likomba, near Tiko in southwestern Cameroon, local authorities said. Viang Mekala, an officer at the administrative unit where the accident occurred, said the driver was unable t...Reuters
Fri, Dec 12
Volvo Cars urges EU to resist pressure to scrap fossil-fuel autos ban
Brussels expected to reverse 2035 ban on new combustion carsSeverinson warns any compromise undermines trust in regulationIntense lobbying ahead to include hybrids and e-fuelsBy Marie Mannes STOCKHOLM, Dec 12 (Reuters) - A Volvo Cars VOLCARb.ST executive said on Friday he hoped the European Commi...Reuters
Fri, Dec 12
Supertanker Skipper seized by US near Venezuela is heading to Houston, sources say
HOUSTON, Dec 12 (Reuters) - Supertanker Skipper that was seized by the U.S. near Venezuela this week is heading to Houston, two sources said on Friday. The Very Large Crude Carrier, which can carry a maximum of 2 million barrels of oil, is too large to enter the Houston port and will need to anchor ...Reuters
Fri, Dec 12
Deals of the day-Mergers and acquisitions
Dec 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday: SolGold said it was "minded to recommend" an improved offer from its top shareholder, Jiangxi Copper that values the gold and copper miner at a...Reuters
Fri, Dec 12
PRESS DIGEST-Canada - December 12
Dec 12 (Reuters) - The following are the top stories from a selected Canadian newspaper. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Lululemon Athletica LULU.O said that its Chief Executive Officer Calvin McDonald will step down from the top job e...Reuters
Fri, Dec 12
US natural gas futures slip, set for weekly loss on milder weather, lower demand
US natural gas futures set for first weekly decline in eight weeksMilder weather forecasts reduce natural gas demandEnergy firms pulled more gas than expected during cold snap last weekBy Noel John Dec 12 (Reuters) - U.S. natural gas futures fell to more than a one-month low on Friday, on track f...Reuters
Fri, Dec 12
