News
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2025 will be world's second or third-hottest year on record, EU scientists say
By Kate Abnett BRUSSELS, Dec 9 (Reuters) - This year is set to be the world's second or third-warmest on record, potentially surpassed only by 2024'S record-breaking heat, the European Union's Copernicus Climate Change Service (C3S) said on Tuesday.The data is the latest from C3S foll...Reuters
Tue, Dec 9
ROI-Europe's second 'China shock' is blessing in disguise: Klement
By Joachim Klement LONDON, Dec 9 (Reuters) - China's export machine is slamming into Europe again. European manufacturers are feeling increasing pressure from a surge of cheap Chinese imports for the second time in two decades.The European Union likely has little interest and few effective to...Reuters
Tue, Dec 9
PRESS DIGEST- New York Times business news - December 9
Dec 9 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Paramount PSKY.O on Monday mounted a hostile takeover bid for Warner Bros. Discovery WBD.O at $30 per share in cash, valuing the co...Reuters
Tue, Dec 9
Australia nears gas market review that could squeeze LNG exporters
By Helen ClarkPERTH, Dec 9 (Reuters) - Australia is set to issue a gas market review that could curb exports of liquefied natural gas from its east coast, where three operators led by firms such as Shell SHEL.L and Santos STO.AX send cargoes to Asia and beyond.The review, which industry watchers exp...Reuters
Tue, Dec 9
PRECIOUS-Gold prices dip as markets brace for 'hawkish' Fed tone
US 10-year Treasury yields hit near 2-1/2-month high on MondayAnalysts expect 'hawkish' US interest rate cutFOMC policy meeting on December 9-10By Ishaan Arora Dec 9 (Reuters) - Gold edged down on Tuesday as investors, having mostly priced in a Federal Reserve rate cut, looked ahead for c...Reuters
Tue, Dec 9
US military developing small refineries for critical minerals
Army program aims to refine antimony and other critical mineralsAntimony will be first, with annual output of 7 to 9 metric tonsTungsten, rare earths, boron also eyed for refiningBy Ernest Scheyder Dec 9 (Reuters) - The U.S. military said it plans to develop a fleet of small-scale refineries to p...Reuters
Tue, Dec 9
ROI-Texas makes clean power breakthrough as solar output overtakes coal: Maguire
By Gavin MaguireLITTLETON, Colorado, Dec 9 (Reuters) - For the first time, Texas' main power system looks set to generate more power from solar farms than coal plants during a calendar year in 2025, marking a key new energy transition milestone for the largest power network in the U.S. The Elect...Reuters
Tue, Dec 9
Silver Price Forecast: XAG/USD consolidates around $58 as Fed’s policy comes into spotlight
Silver price (XAG/USD) trades in a tight range around $58.00 during the late Asian trading session on Tuesday. The white metal turns sideways as investors await the monetary policy announcement by the Federal Reserve (Fed), scheduled for Wednesday.
Fxstreet
Tue, Dec 9
PRECIOUS-Gold prices steady as markets brace for 'hawkish' Fed tone
US 10-year Treasury yields rise to near 2-1/2 high on MondayAnalysts expect 'hawkish' US interest rate cutFOMC policy meeting on December 9-10By Ishaan Arora Dec 9 (Reuters) - Gold traded flat on Tuesday as investors had largely priced in a Federal Reserve rate cut, while bracing for sign...Reuters
Tue, Dec 9
Fusion energy industry presses US government for billions in support
By Timothy Gardner WASHINGTON, Dec 9 (Reuters) - Fusion energy industry leaders met with U.S. Department of Energy officials on Monday to urge them to facilitate billions of dollars for projects seeking to generate electricity by the process that powers the sun.The department in November created ...Reuters
Tue, Dec 9
US solar installations jump 49% in third quarter, report says
By Pranav Mathur Dec 9 (Reuters) - The U.S. solar industry installed 11.7 gigawatts of new solar capacity in the third quarter, a jump of 49% sequentially, a study by the Solar Energy Industries Association and Wood Mackenzie showed on Tuesday.The report said solar accounted for 58% of all new e...Reuters
Tue, Dec 9
Gold extends the range play as traders await FOMC decision for directional impetus
Gold (XAU/USD) extends its sideways consolidative price move through the Asian session on Tuesday and remains confined in a familiar range held over the past week or so. Traders now seem reluctant and opt to move to the sidelines ahead of the FOMC rate decision on Wednesday.Fxstreet
Tue, Dec 9
TECHNICALS-CBOT soybeans may fall into $10.86-1/4 to $10.89-1/2 range
For more technical analyses, please click SINGAPORE, Dec 9 (Reuters) - The CBOT soybean January contract SF26 may extend loss into a range of $10.86-1/4 to $10.89-1/2 per bushel, as suggested by its wave pattern and a projection analysis.The contract is riding on a wave c, the third wave of three-wa...Reuters
Tue, Dec 9
US judge rejects Trump administration's halt of wind energy permits
Judge rules Trump's wind project suspension unjustified17 Democratic-led states challenged the suspensionOffshore wind group supports ruling for economic and energy prioritiesBy Nate Raymond and Nichola Groom BOSTON, Dec 8 (Reuters) - A federal judge on Monday struck down an order by U.S. Pre...Reuters
Tue, Dec 9
GRAINS-Soybean rally unwinds on China demand doubts, ample supply
CANBERRA, Dec 9 (Reuters) - Chicago soybean futures fell to a six-week low on Tuesday, dragged down by doubts about the scale of Chinese demand for U.S. beans and expectations that large South American production will keep the market well supplied.Corn and wheat futures rose after data showed health...Reuters
Tue, Dec 9
New Zealand navy encountered Taiwan warship during strait transit last month
New Zealand navy ship transited Taiwan Strait last monthChina claims sovereignty over the straitChina's military regularly patrols Taiwan StraitBy Lucy Craymer, Ben Blanchard and Yimou Lee WELLINGTON/TAIPEI, Dec 9 (Reuters) - The New Zealand navy's largest ship encountered a Taiwanese war...Reuters
Tue, Dec 9
