News
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Implications of Panama court ruling to quash CK Hutchison port concessions
By Clare Jim, Kane Wu and Scott Murdoch HONG KONG, Feb 2 (Reuters) - Panama's Supreme Court annulled last week CK Hutchison's 0001.HK contract to operate two Panama Canal ports at the heart of a $23-billion deal to sell the Hong Kong conglomerate's global port assets. The contract hel...Reuters
Mon, Feb 2
OPEC secretariat receives updated compensation plans after exceeding output targets
DUBAI, Feb 2 (Reuters) - The OPEC secretariat has received updated compensation plans from Iraq, United Arab Emirates, Kazakhstan and Oman, the organisation said on Monday.The schedule received from the four members covered the period from last month until June of this year to make up for producing ...Reuters
Mon, Feb 2
WRAPUP 3-Slump in commodities rattles global markets
Commodities slump after Warsh picked to be U.S. Fed chairGold, silver, oil, copper see sharp lossesCME raises margin requirements following sharp Friday selloffU.S.-Iran de-escalation eases oil supply fearsBy Naveen Thukral SINGAPORE, Feb 2 (Reuters) - Commodities markets slumped on Monday, led b...Reuters
Mon, Feb 2
Japan's TDK says affected by China rare earth curbs, making diversification push
TOKYO, Feb 2 (Reuters) - Japan components manufacturer TDK 6762.T said on Monday that it is being affected by Chinese export restrictions on rare earths and is taking steps to diversify its procurement sources. China last month banned exports of dual-use items that can be used for military purposes ...Reuters
Mon, Feb 2
PRECIOUS-Gold, silver extend free fall as CME margin hike fuels selling pressure
Gold down 6% after Friday's more than 9% fallSilver down 12% after Friday's 27% plungeGold down more than $1,000 from record highs on ThursdayBy Ishaan Arora and Swati Verma Feb 2 (Reuters) - A rout in gold and silver intensified on Monday after top commodity exchange CME Group raised mar...Reuters
Mon, Feb 2
METALS-Copper plunges from record high as investors shift to risk-off positioning
Feb 2 (Reuters) - Copper plunged on Monday as investors moved into risk-off mode after Kevin Warsh was nominated the next Federal Reserve chair, while demand for the metal was also subdued in the run-up to China's Lunar New Year break.The most-active copper contract on the Shanghai Futures Excha...Reuters
Mon, Feb 2
Gold: Significant sell-off continues – Deutsche Bank
Deutsche Bank's report, authored by Jim Reid, highlights a major sell-off in Gold, with a decline of 8.95%, marking its largest daily drop since 2013. The report attributes this volatility to the nomination of Kevin Warsh as Fed Chair, which has raised hawkish expectations.
Fxstreet
Mon, Feb 2
RUBBER-Japan futures close lower as oil prices, commodity rally ease
By Ruth Chai Feb 2 (Reuters) - Japanese rubber futures ended lower for a second consecutive session on Monday, weighed down by a cooling in the broad-based commodities rally and lower oil prices. The Osaka Exchange (OSE) rubber contract for July delivery JRUc6, 0#2JRU: was down 1.2 yen, or 0.35...Reuters
Mon, Feb 2
TABLE-North Sea gas maintenance schedule: Revises Bacton outage
Feb 2 (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
Mon, Feb 2
Gold: Sharp drop signals market volatility – Commerzbank
Gold prices experienced a significant decline, dropping 9% last Friday, marking one of the most extreme single-day moves in years. The sell-off was attributed to forced liquidations and momentum unwinding, reflecting rapid de-risking by systematic traders.Fxstreet
Mon, Feb 2
RPT-WRAPUP 2-Slump in commodities rattles global markets
Commodities slump after Warsh picked to be U.S. Fed chairGold, silver, oil, copper see sharp lossesCME raises margin requirements following sharp Friday selloffU.S.-Iran de-escalation eases oil supply fearsBy Naveen Thukral SINGAPORE, Feb 2 (Reuters) - Commodities markets slumped on Monday, led b...Reuters
Mon, Feb 2
WRAPUP 1-Slump in commodities rattles global markets
Commodities slump after Warsh picked to be U.S. Fed chairGold, silver, oil, copper see sharp lossesCME raises margin requirements following sharp Friday selloffU.S.-Iran de-escalation eases oil supply fearsBy Naveen Thukral SINGAPORE, Feb 2 (Reuters) - Commodities markets slumped on Monday, led b...Reuters
Mon, Feb 2
TECHNICALS-CBOT corn may test support at $4.23-1/2
SINGAPORE, Feb 2 (Reuters) - CBOT March corn CH26 may test support at $4.23-1/2 per bushel, with a good chance of breaking below this level and falling to $4.21.A retracement analysis on the uptrend from $4.17 reveals a break below one of the key supports of $4.25-1/2, the 50% level. The next suppo...Reuters
Mon, Feb 2
RPT-ROI-China's surging exports a sign of global metals turmoil: Andy Home
By Andy Home LONDON, Jan 30 (Reuters) - China's net imports of refined copper last year were the lowest since 2017 at 3.03 million metric tons. While inbound shipments dropped by a relatively modest 5% relative to 2024, the big change was a dramatic jump in exports. The world's largest bu...Reuters
Mon, Feb 2
EXCLUSIVE-Barry Callebaut CEO left after high-level split over cocoa, sources say
Barry Callebaut changed CEO in January New CEO Schumacher seen as right leader for growth phaseBoard opposed proposal to separate cocoa unit-sourceBarry Callebaut is world's top chocolate makerBy Oliver Hirt, May Angel and Amy-Jo Crowley ZURICH/LONDON, Feb 2 (Reuters) - Barry Callebaut BA...Reuters
Mon, Feb 2
TECHNICALS-CBOT soybeans to slide to $10.48-1/4
For more technical analyses, please click SINGAPORE, Feb 2 (Reuters) - The CBOT soybean March contract SH26 is expected to slide to $10.48-1/4 per bushel, as it has cleared a support of $10.56-3/4.A wave c from $10.70-3/4 is driving the fall. It has travelled below its 61.8% projection level of $10....Reuters
Mon, Feb 2
WTI falls below $62.00 amid US-Iran deal hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early European trading hours on Monday. The WTI price falls by 5.65% on easing US-Iran tensions. Traders will closely monitor the developments surrounding US-Iran negotiations.
Fxstreet
Mon, Feb 2
PRECIOUS-Gold, silver selloff deepens after CME hikes margins
Gold dropped over 9% on Friday, the most since 1983Silver posted its worst day on record on FridayGold down more than $900 from record highs on ThursdayBy Ishaan Arora Feb 2 (Reuters) - Gold and silver extended falls on Monday after CME Group raised margin requirements following a sharp selloff i...Reuters
Mon, Feb 2
