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GRAINS-Chicago wheat rise over Black Sea cold weather concerns
BEIJING, Feb 4 (Reuters) - Chicago Board of Trade wheat futures rose on Wednesday as the market grapples with cold weather concerns in the Black Sea region, a major wheat production area. The most-active wheat contract on the Chicago Board of Trade CBOT wheat Wv1 was up 0.1% at $5.29-1/2 a bushel by...Reuters
Wed, Feb 4
PRECIOUS-Gold extends rally, jumps over 2% as US-Iran tensions flare
All precious metals gain over 2%US shoots down Iranian drone in Arabian sea - US militaryADP private payroll data due later in the dayBy Ishaan Arora Feb 4 (Reuters) - Gold prices extended gains on Wednesday on safe-haven appeal, as renewed geopolitical tensions between the U.S. and Iran adde...Reuters
Wed, Feb 4
Tianqi Lithium to raise $750 million equity-linked funding, eyes further SQM share sale
SINGAPORE, Feb 4 (Reuters) - Tianqi Lithium Corp 002466.SZ said on Wednesday it expected to raise about HK$5.86 billion ($750 million) via a share placement and convertible bonds, and planned to sell a small stake in Chilean miner SQM to bolster liquidity.In a stock exchange filing, the Chinese lith...Reuters
Wed, Feb 4
METALS-Shanghai copper climbs on China's plan to expand strategic reserves
Feb 4 (Reuters) - Shanghai copper climbed on Wednesday as investors reacted to China's plan to expand its strategic reserves.The most-active copper contract on the Shanghai Futures Exchange SCFcv1 climbed 2.45% to 103,120 yuan ($14,864.57) a metric ton as of 0330 GMT.The benchmark three-month co...Reuters
Wed, Feb 4
TECHNICALS-US oil may retrace to $62.40
For more technical analyses, click SINGAPORE, Feb 4 (Reuters) - U.S. oil CLc1 may retrace to $62.40 per barrel, as it failed to break a resistance at $63.95.A retracement analysis of the uptrend from $55.81 reveals support at $61.14 and resistance at $63.95, respectively, at the 50% and 23.6% levels...Reuters
Wed, Feb 4
EXPLAINER-What we know in Panama court ruling as CK Hutchison launches arbitration
By Clare Jim, Kane Wu and Scott Murdoch HONG KONG, Feb 4 (Reuters) - Hong Kong's CK Hutchison 0001.HK said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after a court there annulled its licences to operate two Panama Canal ports.Pa...Reuters
Wed, Feb 4
US urges its citizens in Cuba to brace for protests, outages, fuel shortage
By Kanishka Singh WASHINGTON, Feb 3 (Reuters) - The U.S. embassy in Cuba warned Americans in the country on Tuesday that there was a spike in government-sponsored protests against Washington and that some U.S. citizens were denied entry upon arrival.It also said American citizens in Cuba should p...Reuters
Wed, Feb 4
GRAINS-Chicago soybeans, corn climb after updated biofuels guidance
BEIJING, Feb 4 (Reuters) - Chicago Board of Trade soybean futures rose on Wednesday as market participants digested the U.S. Treasury Department's updated guidance on biofuel tax credits.Corn and wheat also climbed. FUNDAMENTALSThe most-active soybean contract on the Chicago Board of Trade (CBOT...Reuters
Wed, Feb 4
Honda Motor Co Ltd - Plans To Co-Develop System-On-A-Chip (SoC) For Its Software-Defined Vehicles (SDVs), With Mythic, A Texas, U.S.-Based Technology Company
Feb 4 (Reuters) - Honda Motor Co Ltd 7267.T:HONDA MOTOR CO LTD - PLANS TO CO-DEVELOP SYSTEM-ON-A-CHIP (SOC) FOR ITS SOFTWARE-DEFINED VEHICLES (SDVS), WITH MYTHIC, A TEXAS, U.S.-BASED TECHNOLOGY COMPANYSource text: [ID:]Reuters
Wed, Feb 4
WTI drifts higher above $63.50 after US shoots down Iranian drone
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.75 during the Asian trading hours on Wednesday. The WTI price edges higher amid fears of rising tensions between the United States (US) and Iran.
Fxstreet
Wed, Feb 4
RPT-Chinese metal exchanges step up interventions as prices swing
By Dylan Duan, Samuel Shen and Lewis JacksonSHANGHAI/BEIJING, Feb 3 (Reuters) - Chinese commodity exchanges raised margin requirements across a number of metals contracts this week, the latest moves in a more than two-month campaign by Chinese exchanges to rein in huge price swings in the assets. ...Reuters
Wed, Feb 4
Oil prices extend gains on fears of escalating tensions in Mideast
By Yuka Obayashi TOKYO, Feb 4 (Reuters) - Oil prices rose on Wednesday, extending the previous day's gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension between Washingt...Reuters
Wed, Feb 4
US says it has returned to Venezuela all $500 million of initial oil sale
By Steve HollandWASHINGTON, Feb 3 (Reuters) - The United States has now returned to the Venezuelan government all $500 million from the initial sale of oil that was part of a deal reached between Caracas and Washington last month, a U.S. official said on Tuesday.The last $200 million from the sale h...Reuters
Wed, Feb 4
PRECIOUS-Gold extends rally, jumps over 2% after best day since 2008
Feb 4 (Reuters) - Gold prices climbed more than 2% on Wednesday, building on their best day since 2008 in the previous session, as bargain-hunting and a softer dollar supported bullion. FUNDAMENTALSSpot gold XAU= was up 2.2% at $5,044.74 per ounce, as of 0112 GMT, after gaining 5.9% on Tu...Reuters
Wed, Feb 4
US has returned remaining $200 million from initial $500 million oil sale to Venezuela, US official says
WASHINGTON, Feb 3 (Reuters) - The United States has now returned to the Venezuelan government all $500 million from the initial sale of oil that was part of a deal reached between Caracas and Washington last month, a U.S. official said on Tuesday.The last $200 million from that first sale has been s...Reuters
Wed, Feb 4
Gold Price Forecast: XAU/USD recovers above $4,950 as US-Iran tensions boost safe-haven demand
Gold price (XAU/USD) trades in positive territory near $4,985 during the early Asian session on Wednesday. The precious metal extends the rebound after a historic and volatile sell-off last week. Traders weigh the next round of US economic signals and the broader demand for safe-haven assets.Fxstreet
Wed, Feb 4
CK Hutchison unit launches arbitration against Panama over port concession
Feb 4 (Reuters) - Hong Kong's CK Hutchison 0001.HK said on Wednesday that its unit Panama Ports Company has begun international arbitration against the Republic of Panama after the country's Supreme Court struck down the law that enabled its port concession.Reuters
Wed, Feb 4
Britain launches framework to boost advanced nuclear reactor development
By Susanna Twidale LONDON, Feb 4 (Reuters) - Britain unveiled a framework on Wednesday to accelerate development of advanced nuclear reactors, aiming to become a global leader in the next-generation technology.The Labour government has said nuclear plants will play an important role in helping Br...Reuters
Wed, Feb 4
Former US agriculture officials, top Republican senator warn of farm country trouble
By Tom Polansek and P.J. Huffstutter CHICAGO, Feb 3 (Reuters) - The chair of the U.S. Senate's agriculture committee warned on Tuesday that farmers were suffering heavy losses, while more than two dozen former industry leaders sounded the alarm about the risk of a "widespread collapse of ...Reuters
Wed, Feb 4
