News
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CBOT Trends-Wheat down 3-4 cents, corn steady-down 1, soy down 8-9
CHICAGO, Dec 12 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Friday. WHEAT - Down 3 to 4 cents per bushelWheat futures weakened on abundant global supplies and a firming U.S. dollar.Th...Reuters
Fri, Dec 12
Brazil to auction massive Santos container terminal in early March, minister says
RIO DE JANEIRO, Dec 12 (Reuters) - Brazil's federal government plans to hold the auction of Santos port's massive Tecon 10 container terminal in the first half of March, Ports and Airports Minister Silvio Costa Filho said on Friday.The auction has drawn interest from more than ten potential ...Reuters
Fri, Dec 12
Sustainable Switch Climate Focus: Do rising temperatures cause Asia’s deadly storms?
By Sharon KimathiEnergy and ESG Editor, Reuters Digitalsharon.kimathi@thomsonreuters.com Hello,Scientists have been studying the recent wave of deadly storms that devastated Sri Lanka, Indonesia, Malaysia, and Thailand. They concluded in a study published this week that the storms were "supe...Reuters
Fri, Dec 12
US admiral leading US troops in Latin America to step down
US has carried out strikes on suspected drug vessels in the CaribbeanDeparture follows other senior military exits under HegsethBy Phil Stewart MIAMI, Dec 12 (Reuters) - The admiral in charge of U.S. military forces in Latin America will retire two years early on Friday, amid rising tensions with...Reuters
Fri, Dec 12
EPP's Weber says EU commission to propose car emission rule change
FRANKFURT, Dec 12 (Reuters) - The European Commission on Tuesday will propose rule changes that reverse previous plans that amounted to a ban on selling new cars with combustion engines in the 27-nation bloc, a senior EU lawmaker said on Friday."Next Tuesday, the European Commission will be putt...Reuters
Fri, Dec 12
GRAINS-Soybeans set for second weekly drop on ample supply, China demand woes
CANBERRA/PARIS, Dec 12 (Reuters) - Chicago soybean futures fell on Friday and were on track for a second consecutive weekly drop, as support from a softer dollar and recent Chinese purchases was pressured by ample supplies and doubts China will buy enough to stem further declines. Wheat and corn ...Reuters
Fri, Dec 12
Gold nears record highs as dovish Fed outlook underpins demand
Gold (XAU/USD) extends its advance on Friday as expectations build for further monetary policy easing by the Federal Reserve (Fed) after this week’s interest rate cut. At the time of writing, XAU/USD is trading around $4,335, just shy of its all-time high near $4,381, marked on October 20.
Fxstreet
Fri, Dec 12
Venezuela's Machado aims for peaceful transition after Maduro
OSLO, Dec 12 (Reuters) - Nobel Peace Prize laureate Maria Corina Machado said on Friday that Venezuela's President Nicolas Maduro will leave power, whether there is a negotiated changeover or not, adding that she was focused on achieving a peaceful transition.Reuters
Fri, Dec 12
SOFTS-Raw sugar gains on bullish technical signals; cocoa also gains
LONDON, Dec 12 (Reuters) - Raw sugar futures on the ICE exchange rose on Friday, heading for a 1% weekly gain on bullish technical trade signals, while cocoa also climbed.SUGARRaw sugar SBc1 was up 1.8% at 15.12 cents per lb by 1134 GMT.The contract has been creeping higher since hitting a five-year...Reuters
Fri, Dec 12
GLOBAL LNG-Asia spot prices hit near 2-year low on ample supply, mild weather
By Emily ChowSINGAPORE, Dec 12 (Reuters) - Asian spot liquefied natural gas prices fell to a 20-month low on ample supplies and mild weather, encouraging some buying from price-sensitive importers. The average LNG price for January delivery into northeast Asia LNG-AS was $10 per million British ther...Reuters
Fri, Dec 12
China to regulate steel exports with a licence system
BEIJING, Dec 12 (Reuters) - The world's largest steel producer, China, plans to roll out a licence system from 2026 to regulate exports of the metal, as robust shipments have fuelled a growing protectionist backlash worldwide.Exporters of some 300 steel items will have to apply for licences on ...Reuters
Fri, Dec 12
Ukraine says it hit two Russian ships transporting military equipment in Caspian Sea
KYIV, Dec 12 (Reuters) - Ukraine's special forces said on Friday they had conducted an operation alongside what they described as a local resistance movement to hit two Russian ships transporting weapons and military equipment in the Caspian sea.They did not specify when the strike took place. A...Reuters
Fri, Dec 12
Cuba on edge as US seizure of oil tanker puts supply at risk
Seizure threatens Cuba's oil supply from Venezuela, may worsen economic crisisVenezuela's oil covers about 50% of Cuba's deficit, loss may strain energy infrastructureDiaz-Canel calls US tanker seizure 'piracy'Cuba to fast-track the building of solar parksBy Dave Sherwood and Ma...Reuters
Fri, Dec 12
Ukraine says it hit two Russian ships transporting military equipment in Caspian Sea
KYIV, Dec 12 (Reuters) - Ukraine's special forces said on Friday they had conducted an operation alongside what they described as a local resistance movement to hit two Russian ships transporting weapons and military equipment in the Caspian sea.In a statement on Telegram, they named the vessels...Reuters
Fri, Dec 12
US funds Flacks and Bedrock bid for Italy's former Ilva steelworks
ROME, Dec 12 (Reuters) - U.S. investment funds Bedrock Industries and Flacks Group have presented bids for Italy's former Ilva steelworks, government-appointed administrators said in a statement on Friday.Both funds have expressed an interest in all of the assets of the steelmaker, the statement...Reuters
Fri, Dec 12
Berlin eyes TenneT Germany majority stake, Boersen-Zeitung says
BERLIN, Dec 12 (Reuters) - The German government is in early deliberations to acquire a majority stake in TenneT's IPO.TTH.AS German power grid operations after agreeing in principle to take a 25.1% stake, newspaper Boersen-Zeitung reported on Friday.Citing sources familiar with the matter, the ...Reuters
Fri, Dec 12
CORRECTED-Nippon Steel aims for 100 million tons in global crude steel capacity by mid-2030s
TOKYO, Dec 12 (Reuters) - Nippon Steel 5401.T, Japan's biggest steelmaker, sees its global crude steel production capacity at 100 million metric tons or more by mid-2030s, it said on Friday.In June, Nippon Steel closed a $15 billion deal to buy U.S. Steel X.MX and pledged to invest $11 billion, ...Reuters
Fri, Dec 12
METALS-Copper hits record high as China promises fiscal boost
BEIJING, Dec 12 (Reuters) - Copper prices rose to a record high on Friday and were on track for a third consecutive weekly gain, bolstered by top consumer China's promise of fiscal boost next year and the U.S. Federal Reserve's interest rate cut and balance sheet expansion.The most-traded co...Reuters
Fri, Dec 12
Nippon Steel President: No Plans To Shut Down Blast Furnaces In Japan Under New Medium-Term Plan Through FY2030
Dec 12 (Reuters) - Nippon Steel Corp 5401.T:NIPPON STEEL PRESIDENT: AIMS TO BOOST OVERSEAS BUSINESS PROFIT TO OVER 500 BILLION YEN BY FY2030 FROM 115 BILLION YEN IN FY2025, THROUGH REALIZATION OF US STEEL INVESTMENT EFFECTS AND CAPACITY EXPANSION IN INDIANIPPON STEEL PRESIDENT: AIM TO FURTHER INCREA...Reuters
Fri, Dec 12
