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EU strikes deal on climate target to cut emissions by 90% by 2040
EU climate goal among world's most ambitiousHard-fought compromise amid pushback in some countriesDeal requires 85% emissions cut from EU industries by 2040EU to buy foreign carbon credits to cover 5% of goalBy Disha Mishra and Kate Abnett Dec 10 (Reuters) - The European Union agreed on Wedne...Reuters
Wed, Dec 10
TABLE-North Sea gas maintenance schedule: Revises Aldbrough outage
Dec 10 (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
Wed, Dec 10
Gold subdued ahead of Fed verdict, silver powers to record high
Silver hits record high of $61.46/ozSilver crossed $60/oz for the first time on TuesdayWhite House adviser Hassett says 'plenty of room' to cut ratesBy Ishaan Arora Dec 10 (Reuters) - Gold edged lower on Wednesday, as investors prepared to parse Federal Reserve Chair Jerome Powell's g...
TECHNICALS-CBOT soybeans may extend loss into $10.74-3/4 to $10.78-1/2 range
For more technical analyses, please click SINGAPORE, Dec 10 (Reuters) - The CBOT soybean January contract SF26 may extend its loss into a range of $10.74-3/4 to $10.78-1/2 per bushel, as suggested by its wave pattern and a projection analysis.A wave C from $11.42 has travelled below its 100% project...Reuters
Wed, Dec 10
US lawmaker raises concerns about miner Ivanhoe Atlantic's ties with China
Moolenaar highlights Ivanhoe Atlantic's alleged ties to Chinese state-owned enterprisesIvanhoe Atlantic denies influence from Ivanhoe Mines' Chinese shareholdersIvanhoe Atlantic's Guinea project aims to counter China's mineral controlBy Shubham Kalia and Anusha ShahDec 9 (Reuters) - ...Reuters
Wed, Dec 10
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $58.28 per barrel, up from Tuesday’s close at $58.21.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $61.88 price posted on Tuesday, and trading at $61.95.
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Wed, Dec 10
ROI-Trump won’t turn Venezuela’s OPEC membership into a battleground: Bousso
By Ron Bousso LONDON, Dec 10 (Reuters) - Venezuela is likely to retain its seat in OPEC even if U.S. President Donald Trump successfully forces a change of government in the oil-rich country, as the U.S. is seeking to bolster its alliance with the cartel even as it expands its own sphere of influ...Reuters
Wed, Dec 10
South Africa wants to ensure it is included in any AGOA extension, trade ministry says
JOHANNESBURG, Dec 10 (Reuters) - South Africa is committed to ensuring that it is included in any extension of U.S. trade initiative the African Growth and Opportunity Act (AGOA), a trade ministry spokesperson said on Wednesday."We continue to lobby for an extension of the U.S. trade initiative ...Reuters
Wed, Dec 10
Australia's mining competitiveness at risk from excessive regulation, says Rinehart
Red tape is a burden to industry, says RinehartAustralia passed environmental reforms last monthReforms do not go far enough, says mining lobby group MELBOURNE, Dec 10 (Reuters) - Mining tycoon Gina Rinehart said on Wednesday the burden of excessive regulation on the Australian mining industry ha...Reuters
Wed, Dec 10
GRAINS-Soybeans fall further on concerns about pace of Chinese buying
CANBERRA, Dec 10 (Reuters) - Chicago soybean futures fell for a fourth straight session on Wednesday, hitting six-week lows, amid doubts that China will buy enough U.S. beans to prevent prices from losing ground in a well-supplied market.Wheat futures continued their losing run to a fourth session a...Reuters
Wed, Dec 10
Gold inches up ahead of Fed verdict, silver powers to fresh records above $60
Dec 10 (Reuters) - Gold inched higher on Wednesday as investors prepared to parse Federal Reserve Chair Jerome Powell's guidance on the day when the bank is expected to cut interest rates, while silver continued to push its record-breaking run above $60 an ounce.Global aluminium producers seek Q1 premiums of $190-$203/T from Japan buyers, sources say
TOKYO, Dec 10 (Reuters) - Global aluminium producers have offered Japanese buyers premiums of $190-$203 per metric ton for January-March primary metal shipments, up 121%-136% from the current quarter, two sources directly involved in quarterly pricing talks said. Japan is Asia's major importer o...Reuters
Wed, Dec 10
Australia's mining competitiveness at risk from excessive regulation, says Rinehart
Red tape is a burden to industry, says RinehartAustralia passed environmental reforms last monthReforms do not go far enough, says mining lobby group MELBOURNE, Dec 10 (Reuters) - Mining baroness Gina Rinehart said on Wednesday the burden of excessive regulation on the Australian mining industry ...Reuters
Wed, Dec 10
PRESS DIGEST-British Business - December 10
Dec 10 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Shareholders of Anglo American AAL.L and Teck Resources TECKb.TO approved a previously announced merger, the compa...Reuters
Wed, Dec 10
Oil steady as supply concerns cap gains, market eyes Ukraine peace talks
SINGAPORE, Dec 10 (Reuters) - Oil prices held steady on Wednesday after falling about 1% in the previous session, as concerns over supply outpacing demand capped gains and investors watched for progress in Russia-Ukraine peace talks.Brent crude futures LCOc1 were up 11 cents, or 0.2%, to $62.05 a ba...Reuters
Wed, Dec 10
Venture Global hits back at Shell's fraud claims in LNG arbitration battle
Venture Global denies Shell's fraud claims, cites lack of evidenceShell accused of breaching arbitration confidentialityShell seeks commercial resolution despite arbitration challenge, according to emailBy Stephanie Kelly, Marwa Rashad and Curtis Williams LONDON, Dec 10 (Reuters) - Venture Gl...Reuters
Wed, Dec 10
GE Vernova working with US government to boost stocks of rare earth yttrium
By Laila Kearney and Lewis Jackson NEW YORK, Dec 10 - Gas turbine maker GE Vernova GEV.N is working with the U.S. government to increase its stockpiles of the rare earth yttrium, CEO Scott Strazik said on Tuesday, as China's export controls of the vital element create shortages across energy,...Reuters
Wed, Dec 10
