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Germany regrets Arcelor's decision to halt carbon-neutral steel production
BERLIN, June 20 (Reuters) - Germany's economy ministry on Friday expressed regret over ArcelorMittal's MT.LU decision not to proceed with two key hydrogen steel projects in Germany, foregoing government help amounting to 1.3 billion euros ($1.5 billion)."It is important to note that no m...Reuters
Fri, Jun 20
China angered by British warship sailing as Taiwan raises alert level
British warship passed through Taiwan Strait on WednesdayChina considers the strait to be its waters; Taiwan disagreesTaiwan on alert over stepped-up Chinese activities BEIJING/TAIPEI, June 20 (Reuters) - China's military criticised on Friday the sailing of a British warship through the Taiwa...Reuters
Fri, Jun 20
METALS-Copper prices soften on geopolitical uncertainty
By Hongmei Li SINGAPORE, June 20 (Reuters) - The most-traded copper contract prices on the Shanghai Futures Exchange and London Metals Exchange fell on Friday as the ongoing Israel-Iran conflict kept investors cautious.On Thursday, Israel bombed nuclear targets in Iran, and Iran fired missiles an...Reuters
Fri, Jun 20
US, Chinese strategic reserve buys may offset oil surplus, Russia's Gazprom Neft says
ST PETERSBURG, June 20 (Reuters) - U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices in check, the head of the Russian oil producer Gazprom Neft SIBN.MM said on Friday.The eight members of OPEC+, which groups OPEC and other ...Reuters
Fri, Jun 20
PRECIOUS-Gold heads for weekly fall as fewer Fed rate cut prospects weigh
Gold down 2.2% so far this weekDollar set for best week in over a monthPlatinum heads for third straight week of gainsBy Brijesh Patel and Anmol Choubey June 20 (Reuters) - Gold prices fell on Friday and were on track for a weekly decline, as an overall stronger dollar and the prospect of fewer U...Reuters
Fri, Jun 20
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 $72.92 per barrel, down from Thursday’s close at $75.06.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $75.06 after its previous daily close at $77.32.Fxstreet
Fri, Jun 20
TECHNICALS-CBOT soybeans may retrace into $10.59-$10.62 range
For more technical analyses, please click SINGAPORE, June 20 (Reuters) - The CBOT soybean November contract SX25 may retrace into a range of $10.59 to $10.62 per bushel, as it failed to break resistance at $10.71-3/4.The failure confirmed an exhaustion of the rally. Further confirmation is given by ...Reuters
Fri, Jun 20
WTI Price Forecast: Sees more upside above $76
West Texas Intermediate (WTI), futures on NYMEX, recovers its early losses and ticks up to near $73.70 during Asian trading hours on Friday. The Oil price opened on a weak note as comments from the White House signaled that they have no intentions to strike Iran immediately.Fxstreet
Fri, Jun 20
RPT-ANALYSIS-Oil, war and tariffs tear up markets' central bank roadmap
Norway delivers surprise 25 bps rate cutDiverging central banks another headwind for marketsNew status quo in markets could be era of central bank surprisesBy Naomi Rovnick and Dhara Ranasinghe LONDON, June 19 (Reuters) - Investor unease about an increasingly uncertain environment is rising, as N...Reuters
Fri, Jun 20
METALS-Copper prices range-bound on geopolitical uncertainty
By Hongmei Li SINGAPORE, June 20 (Reuters) - The most-traded copper contract prices on the Shanghai Futures Exchange and London Metals Exchange were range-bound on Friday, as market sentiment was mixed amid ongoing uncertainty over the Israel-Iran conflict.Israel bombed nuclear targets in Iran on...Reuters
Fri, Jun 20
Australian regulator initiates legal action against firms for advertising medicinal cannabis
June 20 (Reuters) - An Australian regulator has initiated federal court proceedings against News Corp Australia-owned News Life Media and other firms for alleged illegal advertising of medicinal cannabis, it said on Friday.The Therapeutic Goods Administration is seeking penalties against the compani...Reuters
Fri, Jun 20
PRESS DIGEST- Financial Times - June 20
June 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesLabour whip resigns over planned UK welfare cutsMinisters look at energy discounts for UK industry to compete with European rivalsUK to ...Reuters
Fri, Jun 20
China's May soybean imports from Brazil jump 37.5% y/y
BEIJING, June 20 (Reuters) - China's soybean imports from Brazil surged 37.5% in May from a year earlier, data showed on Friday, as buyers scooped up South America's bumper crop, while supplies from the United States also rose 28.3%.The world's biggest soybean buyer imported 12.11 millio...Reuters
Fri, Jun 20
China's May soybean imports from Brazil jump 37.5% y/y
BEIJING, June 20 (Reuters) - China's soybean imports from Brazil surged 37.5% in May from a year earlier, data showed on Friday, as buyers scooped up South America's bumper crop, while supplies from the United States also rose 28.3%.The world's biggest soybean buyer imported 12.11 millio...Reuters
Fri, Jun 20
RPT-EXCLUSIVE-Air India warned for flying Airbus planes with unchecked escape slides
Regulator warns Air India over delayed checks on three planesThe planes had unverified emergency equipment, regulator saysSome Air India aircraft also had outdated registration paperworkAirline also facing fallout from recent plane crash in IndiaBy Aditya Kalra NEW DELHI, June 20 (Reuters) - Indi...Reuters
Fri, Jun 20
