News
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SOFTS-Robusta coffee prices ease, set for weekly decline
LONDON, Dec 5 (Reuters) - Robusta coffee prices were lower on Friday and on course for a weekly loss with the damage to Vietnam's crop from recent storms seen as less significant than some had expected, while a record crop in Brazil also weighed on prices. COFFEERobusta coffee LRCc2 fell 0....Reuters
Fri, Dec 5
Gold Price Forecast: XAU/USD rises to near $4,230, remains broadly confined above 20-day EMA
Gold price (XAU/USD) gains 0.4% to near $4,230 during the European trading session on Friday. The yellow metal trades firmly, but is confided in a tight range between $4,164 and $4,265 for the last four trading days.
Fxstreet
Fri, Dec 5
Ukraine says it hit oil refinery in Russia's Syzran, Temryuk port in Krasnodar
KYIV, Dec 5 (Reuters) - Ukraine's military said on Friday that it had carried out long-range strikes overnight on an oil refinery in the Russian city of Syzran and the Temryuk port in the Krasnodar region.In a statement, the General Staff said it was still assessing the level of damages.Reuters
Fri, Dec 5
Europe must guard against US dominance in rare earths, agency head says
By Eric Onstad LONDON, Dec 5 (Reuters) - Europe has finally taken major steps to build up its rare earths sector to counter Chinese dominance, but the region also needs to guard against being overwhelmed by the United States, the head of an EU-funded agency for key minerals said.Bernd Schaefer, C...Reuters
Fri, Dec 5
GRAINS-Soybeans set to snap seven-week rally on China demand doubts
BEIJING/PARIS, Dec 5 (Reuters) - Chicago soybean futures edged down on Friday and were set for a first weekly loss in eight amid uncertainty over the scale of Chinese demand for U.S. supplies under a bilateral trade truce.Wheat and corn also eased, with ample global grain supply tempering support fr...Reuters
Fri, Dec 5
US owner of major Russian agriculture firm says no plans to sell up
NCH owns AgroTerra, top-20 Russian agriculture firmVTB says it wants to acquire AgroTerraNCH's reluctance may affect VTB's ambitions in agriculture Russia has seized $50 billion worth of property since Ukraine war startedBy Gleb Bryanski MOSCOW, Dec 5 (Reuters) - U.S. company NCH Capi...Reuters
Fri, Dec 5
World food prices fall for third month in November, UN's FAO says
By Gus Trompiz PARIS, Dec 5 (Reuters) - World food commodity prices fell for a third consecutive month in November, with all major staple foods except cereals showing a decline, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks a baske...Reuters
Fri, Dec 5
REFILE-Cloudflare says investigating issues with dashboard
Dec 5 (Reuters) - Cloudflare NET.N said on Friday that it is investigating issues with its Dashboard and related Application Programming Interfaces (APIs). Customers using the Dashboard or Cloudflare APIs are impacted as requests might fail and errors may be displayed, the company said on its status...Reuters
Fri, Dec 5
World food prices fall for third month in November, UN's FAO says
PARIS, Dec 5 (Reuters) - World food commodity prices fell for a third consecutive month in November, with all major staple foods except cereals showing a decline, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks a basket of globally trad...Reuters
Fri, Dec 5
Xi woos Macron with sightseeing trip, but little in the way of deals
China's Xi joins France's Macron for trip to southwest ChinaRare for Chinese leader to accompany his guests beyond BeijingMacron overestimated what deals Xi could offer, analyst saysChina is constrained due to ongoing negotiations with US, EU By Joe Cash BEIJING, Dec 5 (Reuters) - Chinese...Reuters
Fri, Dec 5
India's IOC, BPCL buy Jan-load sanctions-compliant Russian oil, sources say
By Nidhi VermaNEW DELHI, Dec 5 (Reuters) - State refiners Indian Oil Corp IOC.NS and Bharat Petroleum Corp BPCL.NS have placed January orders for the loading of Russian oil from non-sanctioned suppliers due to widening discounts, trade sources with knowledge of the matter said.BPCL has bought four c...Reuters
Fri, Dec 5
BHP, Rio Tinto start trial of electric haul trucks at Jimblebar
Dec 5 (Reuters) - Global miner BHP BHP.AX said on Friday that it has taken delivery of two electric haul trucks to start a trial at its Jimblebar iron ore mine in Australia's Pilbara as a possible means of reducing diesel usage and greenhouse gas emissions.In a partnership with miner Rio Tinto R...Reuters
Fri, Dec 5
TABLE-North Sea gas maintenance schedule: Adds Asgard outage
Dec 5 (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.OPERATORLOCATIONOUTAGE...Reuters
Fri, Dec 5
TECHNICALS-CBOT soybeans still targets $11.08-1/2 to $11.12-1/2 range
For more technical analyses, please click SINGAPORE, Dec 5 (Reuters) - The CBOT soybean January contract SF26 still targets a range of $11.08-1/2 to $11.12-1/2 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-wave cycl...Reuters
Fri, Dec 5
METALS-Copper hits record high after Citi lifts price outlook
SHANGHAI, Dec 5 (Reuters) - Copper touched a record high on Friday, after Citi lifted its price outlook for the industrial metal, with supply concerns and optimism around a likely interest rate cut by the U.S. Federal Reserve next week underpinning the market.The most-active copper contract on the S...Reuters
Fri, Dec 5
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.36 per barrel, down from Thursday’s close at $59.48.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.16.
Fxstreet
Fri, Dec 5
World should return to peace, Modi tells Putin
NEW DELHI, Dec 5 (Reuters) - Indian Prime Minister Narendra Modi told Russian President Vladimir Putin that India is on the side of peace and the world should return to peace, referring to the ongoing conflict in Ukraine. Putin is on his first visit to India in four years at a time when New Delh...Reuters
Fri, Dec 5
ROI-Will the real Doctor Copper please step forward?: Andy Home
By Andy Home LONDON, Dec 5 (Reuters) - Copper is on a bull surge with the price hitting record highs on both the London and Shanghai markets this week. Everyone's talking about a copper supply crunch. Physical premiums are soaring. Smelters are being squeezed by a shortfall of mined concentra...Reuters
Fri, Dec 5
