News
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Canada's Dundee Precious to buy UK's Adriatic Metals in $1.25 billion deal
Deal offers 50.5% premium to Adriatic's May 19 closing priceAdriatic leadership to exit post-dealHeadquarters to stay in Toronto, UK office to closeBy Anandita Mehrotra June 13 (Reuters) - Canada's Dundee Precious Metals DPM.TO will acquire UK-based Adriatic Metals ADT1.L in a cash-and-st...Reuters
Fri, Jun 13
METALS-Copper eases, SHFE aluminium up on fundamental support
By Hongmei Li SINGAPORE, June 13 (Reuters) - Copper prices fell on Friday on easing optimism after a U.S.-China trade deal, while aluminium on the Shanghai Futures Exchange rose on support from lower inventories.The SHFE most-traded aluminium contract SAFcv1 gained for the third straight day, up ...Reuters
Fri, Jun 13
FACTBOX-Strait of Hormuz: the world's most important oil artery
June 13 (Reuters) - Israel launched widescale strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders during the start of a prolonged operation to prevent Tehran from building an atomic weapon.Iran, which has denied such intentions, ...Reuters
Fri, Jun 13
WTI trades around $74.50 after paring gains, downside seems limited due to supply concerns
West Texas Intermediate (WTI) Oil price pared its daily gains after reaching a five-month high of $74.40, currently trading around $71.80 per barrel during European hours on Friday. Crude Oil prices surged due to rising concerns regarding supply disruptions.Fxstreet
Fri, Jun 13
EU's nuclear energy plans require 241 billion euro investment, draft shows
EU plans to expand nuclear power to 109 GW by 2050Investment needed includes 205 bln euros for new plants, 36 bln for existing reactorsFrance and Germany at odds over nuclear power's role in CO2 emissions targetsBy Kate Abnett and Julia Payne BRUSSELS, June 13 (Reuters) - European Union count...Reuters
Fri, Jun 13
Egypt monitoring situation in region, coordinating to increase strategic reserves of key commodities
DUBAI, June 13 (Reuters) - Egypt is monitoring the situation in the Middle East closely and is coordinating to increase its strategic stock of various commodities, Prime Minister Mostafa Madbouly said on Friday.Reuters
Fri, Jun 13
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $71.51 per barrel, up from Thursday’s close at $67.58.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.71 price posted on Thursday, and trading at $73.48.Fxstreet
Fri, Jun 13
Six Iranian nuclear scientists killed in Israeli attack, Iranian state media
DUBAI, June 13 (Reuters) - Six Iranian nuclear scientists were killed on Friday in Israeli strikes, Iranian state media reported. Israel has said the attack was carried out to curb Iran's disputed nuclear programme.Reuters
Fri, Jun 13
Indonesia, Singapore sign deals on power trade, carbon capture
JAKARTA, June 13 (Reuters) - Indonesia and Singapore signed initial deals on Friday to develop cross-border trade in low carbon electricity and collaborate on carbon capture and storage, ministers from both countries said in Jakarta. The electricity deal reaffirmed an earlier agreement to export sol...Reuters
Fri, Jun 13
IAEA says no increase in radiation levels at Iran's Natanz nuclear site
June 13 (Reuters) - The International Atomic Energy Agency on Friday said there was no increase in radiation levels at the Natanz nuclear site that was targeted during an Israeli attack, citing information given to them by Iranian authorities.The international atomic energy watchdog also added that ...Reuters
Fri, Jun 13
TECHNICALS-CBOT s oybeans may retest support at $10.38-3/4
For more technical analyses, please click SINGAPORE, June 13 (Reuters) - The CBOT soybean July contract SN25 may retest the support level at $10.38-3/4 per bushel, a break below which could open the way towards $10.33.The contract seems to be riding on a wave C from $10.63-3/4. A projection analysis...Reuters
Fri, Jun 13
Gold price sits near its highest level since April 22 amid fears of wider Middle East war
Gold price (XAU/USD) continues scaling higher for the third consecutive day on Friday, rising to the $3,444 area, or its highest level since April 22 during the Asian session amid the global flight to safety.Fxstreet
Fri, Jun 13
Global nuclear arms spending up 11% in 2024, campaign group says
By Olivia Le Poidevin GENEVA, June 13 (Reuters) - Spending on nuclear weapons by the world's nine nuclear-armed nations rose by 11% in 2024, a report by the International Campaign to Abolish Nuclear Weapons said on Friday.The $10 billion annual increase to $100.2 billion went towards modernis...Reuters
Fri, Jun 13
Woodside, Australian gov't extend consultation period for North West Shelf environmental approval
June 13 (Reuters) - Woodside Energy WDS.AX and the Australian government said on Friday they have extended the consultation period for conditions tied to the environmental approval of the firm's North West Shelf LNG project extension, following conditional clearance last month.The project, locat...Reuters
Fri, Jun 13
S-Oil shares surge 10% after Israeli strike on Iran sparks oil price rally
SEOUL, June 13 (Reuters) - Shares of S-Oil 010950.KS, the South Korean refiner majority owned by Saudi Aramco 2223.SE surged over 10% on Friday, after Israel said it struck Iran, escalating tensions in the Middle East and sparking a rally in oil prices.Reuters
Fri, Jun 13
GRAINS-Soybeans rise on oil rally, still on track for weekly loss
BEIJING, June 13 (Reuters) - Chicago soybeans rose on Friday, buoyed by surging soyoil prices, but remain on track for a weekly loss amid uncertainty over U.S. biofuel mandates, weak exports, and ample global supplies.Reuters
Fri, Jun 13
METALS-Copper eases, aluminium up on fundamental support
SINGAPORE, June 13 (Reuters) - Copper prices edged lower on Friday as market optimism waned after the U.S.-China trade talks, while aluminium on the Shanghai Futures Exchange and London Metal Exchange rose on consistent support from lower stocks.Reuters
Fri, Jun 13
