News
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Italy's Nextchem plans IPO when market recognises energy transition value
By Giancarlo Navach MILAN, Nov 12 (Reuters) - Nextchem, the energy transition unit of Italian engineering group Maire MTCM.MI, aims to go public, its managing director said, adding the listing would happen when the parent company considers the market valuation is sufficiently high. "We are re...Reuters
Wed, Nov 12
PRESS DIGEST-New York Times business news - November 12
Nov 12 (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.- Japan's SoftBank 9984.T said it has sold its entire $5.8 billion holdings in Nvidia NVDA.O.- The Food and Drug Administration ...Reuters
Wed, Nov 12
PRESS DIGEST- New York Times business news - November 12
Nov 12 (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.- Japan's Softbank 9984.T said it has sold its entire $5.8 billion holdings in Nvidia NVDA.O.- The U.S. Food and Drug Administra...Reuters
Wed, Nov 12
GRAINS-Soybeans firm ahead of USDA data; weak China demand caps gains
BEIJING, Nov 12 (Reuters) - Chicago soybeans rose on Wednesday as traders adjusted positions ahead of the release of official U.S. data on global supply and demand on Friday, the first update in weeks, though the absence of large-scale purchases by China kept a lid on prices.The most-active soybean ...Reuters
Wed, Nov 12
Australia's MinRes inks $765 million deal with POSCO for lithium JV stake, shares surge
Miner looking to reduce debt, repair its balance sheetShares jump as much as 10.8% to more than one-year highPOSCO says energy materials a core growth driver alongside steel business MELBOURNE, Nov 12 (Reuters) - Australia's Mineral Resources MIN.AX said on Wednesday it would sell a 30% stake...Reuters
Wed, Nov 12
WTI trades with mild gains above $60.50 on hopes of US government reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.85 during the Asian trading hours on Wednesday. The WTI trades with mild gains amid renewed investor confidence after a US government deal.
Fxstreet
Wed, Nov 12
Silver Price Forecast: XAG/USD attracts some sellers to near $51.00 on stronger US Dollar
Silver price (XAG/USD) edges lower to near $51.10, snapping the five-day winning streak during the early European session on Wednesday. The white metal loses ground amid the renewed US Dollar (USD) demand.
Fxstreet
Wed, Nov 12
ROI-IEA’s bullish oil outlook is a nod to Trump, wake-up call for world
The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy.Reuters
Wed, Nov 12
TABLE-North Sea gas maintenance schedule: adds Aldbrough outage
Nov 12 (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, Nov 12
World oil and gas demand could grow until 2050, IEA says
IEA's current policies scenario shows no oil demand peak before 2050LNG supply to grow 50% by 2030US has criticized the IEA for clean energy focusIEA says target to limit temperature rise at 1.5C out of reachBy Susanna Twidale LONDON, Nov 12 (Reuters) - Global oil and gas demand could grow un...Reuters
Wed, Nov 12
PRECIOUS-Gold rally eases as dollar edges higher, investors cash out
Dollar edges up from more than one-week lowSPDR Gold Trust holdings rose 0.41% on TuesdayBy Brijesh Patel Nov 12 (Reuters) - Gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on expectat...Reuters
Wed, Nov 12
TECHNICALS-CBOT soybeans may rise into $11.44-$11.49 range
For more technical analyses, please click SINGAPORE, Nov 12 (Reuters) - The CBOT soybean January contract SF26 is poised to break resistance at $11.35-3/4 per bushel, and rise into $11.44-$11.49 range.The contract is making its third attempt. Experience indicates that it is highly likely to succeed....Reuters
Wed, Nov 12
Gold consolidates near three-week high as risk-on mood offsets dovish Fed bets
Gold (XAU/USD) is seen hovering near a three-week high during the Asian session on Wednesday, with bulls awaiting a move beyond the $4,150-4,155 horizontal barrier before positioning for any further appreciating move.
Fxstreet
Wed, Nov 12
Tokyo protests Russia's wider entry ban over Ukraine sanctions
TOKYO, Nov 11 (Reuters) - Japan decried as "absolutely unacceptable" on Wednesday Russia's extension of an entry ban to 30 more citizens, among them a foreign ministry spokesperson, after Tokyo's sanctions over Moscow's nearly four-year-old war in Ukraine.Following similar moves ...Reuters
Wed, Nov 12
PRESS DIGEST-British Business - November 12
Nov 12 (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- The Japanese technology investor SoftBank 9984.T has offloaded its entire shareholding in Nvidia NVDA.O...Reuters
Wed, Nov 12
PRECIOUS-Gold extends rise on softer dollar, Fed rate cut hopes
Dollar languishes near more than one-week lowSPDR Gold Trust holdings rose 0.41% on TuesdayBy Brijesh Patel Nov 12 (Reuters) - Gold rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the U.S. government and flow of economic data wi...Reuters
Wed, Nov 12
GRAINS-Soybeans firm ahead of USDA data; weak China demand caps gains
BEIJING, Nov 12 (Reuters) - Chicago soybeans rose on Wednesday ahead of the official U.S. data on global supply and demand on Friday, the first update in weeks, but the absence of large scale purchases by China kept a lid on prices.Corn prices ticked higher, while wheat slid.FUNDAMENTALSThe most-act...Reuters
Wed, Nov 12
Oil prices little changed as markets eye US government reopening
By Colleen Howe BEIJING, Nov 12 (Reuters) - Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's biggest crude consuming nation.Brent crude futures LCOc1 sl...Reuters
Wed, Nov 12
PRECIOUS-Gold gains for fourth day on softer dollar, Fed rate-cut optimism
Nov 12 (Reuters) - Gold rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the U.S. government and flow of economic data will strengthen bets for an interest rate cut from the Federal Reserve next month.FUNDAMENTALSSpot gold XAU= was ...Reuters
Wed, Nov 12
