News
Important Only
CBOT Trends-Wheat steady-up 1 cent, corn down 2, soy down 5-6
CHICAGO, Jan 30 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Friday: WHEAT - Steady to up 1 cent per bushelCBOT wheat Wv1 held mostly steady with support from winter weather risks ...Reuters
Fri, Jan 30
Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities
Chevron evaluates investment opportunities in Venezuela amid geopolitical changesQ4 profits exceed estimates despite lower crude prices, focus on cost-cuttingTengiz maintenance and weather impact Q1 production, expected to recover soonBy Sheila Dang HOUSTON, Jan 30 (Reuters) - Chevron's CVX.N...Reuters
Fri, Jan 30
PRECIOUS-Gold briefly dips below $5,000 on Fed pick and investor caution
Precious metals remain on course for monthly gainsTrump announces Kevin Warsh as new Fed Chair Gold hit record high of $5,594.82 on ThursdayBy Pablo Sinha Jan 30 (Reuters) - Gold prices tumbled by more than 8% to briefly break below the $5,000 mark as the dollar strengthened in the lead-up to Do...Reuters
Fri, Jan 30
Odds of US government shutdown rise after funding deal stalls in Senate
By David Morgan, Richard Cowan and Nolan D. McCaskill WASHINGTON, Jan 30 (Reuters) - Odds of a partial U.S. government shutdown rose on Friday after new barriers emerged in the Senate to a deal that would ensure funding for agency operations would not be interrupted.The deal, announced by Senate ...Reuters
Fri, Jan 30
BREAKINGVIEWS-Adding gold to your 60/40 portfolio is a 50/50 bet
By Jon Sindreu and Yawen Chen LONDON, Jan 30 (Reuters Breakingviews) - If you don’t suffer from schadenfreude, you may be satisfied with your financial advisor's age-old prescription of keeping 60% of your money in stocks and 40% in bonds. Since 2025, splitting portfolios this way between the...Reuters
Fri, Jan 30
Starmer says UK working with allies to block Iran's nuclear ambitions
SHANGHAI, Jan 30 (Reuters) - British Prime Minister Keir Starmer said on Friday the UK was working with allies to prevent Tehran from developing nuclear weapons, when asked whether he would support possible U.S. strikes on Iran."The goal, or the aim, here is that Iran shouldn't be able to de...Reuters
Fri, Jan 30
Canada's Imperial Oil posts lower fourth-quarter profit
Jan 30 (Reuters) - Canadian oil producer Imperial Oil IMO.TO posted a fall in fourth-quarter profit on Friday, hurt by a drop in crude prices.The Calgary, Alberta-based company said its net income fell to C$492 million ($364.31 million), or C$1.00 per share, in the quarter ended December 31,from C$1...Reuters
Fri, Jan 30
Dominion Energy says Coastal Virginia Offshore project cost increases to $11.5 billion
Jan 30 (Reuters) - Dominion Energy D.N said on Friday the total project costs for the Coastal Virginia Offshore Wind have increased to roughly $11.5 billion from $11.2 billion.The changes in estimated costs reflect the impact of temporary suspension of work issued by the U.S. government in December...Reuters
Fri, Jan 30
LyondellBasell targets $1.3 billion in cost savings after surprise quarterly loss
Jan 30 (Reuters) - Petrochemicals maker LyondellBasell LYB.N on Friday posted a surprise loss for the fourth quarter and said it aims to save $1.3 billion by the end of 2026, as it continues to keep a tight lid on costs amid volatility in feedstock and energy prices.LyondellBasell's shares, howe...Reuters
Fri, Jan 30
Gold: Aggressive correction expected – BNY
Bob Savage, Head of Markets Macro Strategy at BNY, notes a significant correction in Gold prices, driven by the nomination of Kevin Warsh as the next Fed chair, which has strengthened the U.S. Dollar. Gold fell sharply, with a 5.9% drop, while Silver and Platinum saw declines of over 10%.
Fxstreet
Fri, Jan 30
Argentine government implements gas, electricity rate increases in February
BUENOS AIRES, Jan 30 (Reuters) - Argentina will raise residential gas tariffs by an average of 16.86% in February, while electricity prices in the Buenos Aires metropolitan area will increase by average of 3.59%, the government announced Friday.The increases stem from a new unified gas pricing formu...Reuters
Fri, Jan 30
Gold tumbles as profit-taking and a firmer US Dollar weigh
Gold (XAU/USD) comes under intense selling pressure on Friday, giving back all the gains registered earlier this week as extreme volatility triggers broad-based liquidation of leveraged positions. Meanwhile, traders also lock in profits at elevated price levels.Fxstreet
Fri, Jan 30
Mozambique's president opens Chinese-owned graphite processing plant
By Custodio Cossa NIPEPE, Mozambique, Jan 30 (Reuters) - Mozambique's President Daniel Chapo opened a 200,000 metric ton per year graphite processing plant at a Chinese-owned mine on Friday, as the south-east African country boosts output of the battery mineral.Annual global mined graphite pr...Reuters
Fri, Jan 30
Argentine government implements gas, electricity rate increases in February
BUENOS AIRES, Jan 30 (Reuters) - Argentina will raise residential gas tariffs by an average of 16.86% in February, while electricity prices in the Buenos Aires metropolitan area will increase by average of 3.59%, the government announced Friday.The increases stem from a new unified gas pricing formu...Reuters
Fri, Jan 30
GRAINS-Corn and soybeans ease as dollar recovers while wheat holds steady
Jan 30 (Reuters) - Chicago corn and soybean futures fell on Friday, pressured by a rebound in the U.S. dollar, while wheat held steady with support from winter weather risks in the northern hemisphere.Market participants were adjusting positions at the end of the month and after a volatile trading w...Reuters
Fri, Jan 30
GLOBAL LNG-Asia spot prices rise for third straight week on cold-weather demand
By Emily Chow SINGAPORE, Jan 30 (Reuters) - Asia spot liquefied natural gas rose for a third week on Friday to hold at a nine-week high, as colder temperatures lifted heating demand in the Northern Hemisphere and as U.S. export loadings eased earlier this week. The average LNG price for March del...Reuters
Fri, Jan 30
RPT-BREAKINGVIEWS-Panama ports ruling leaves Hutchison all at sea
By Una Galani and Ka Sing Chan HONG KONG, Jan 30 (Reuters Breakingviews) - The Panama problem has finally exploded for the Li family, and the consequences will be far-reaching. On Thursday, amid U.S. pressure, the country's top court decided to annul CK Hutchison's 0001.HK port contracts ...Reuters
Fri, Jan 30
Demand on largest US electric grid forecast close to winter record
By Tim McLaughlinJan 30 (Reuters) - Power demand on the largest U.S. electric grid on Friday is expected to peak at about 141 gigawatts, just shy of the all-time winter record on the PJM Interconnection, according to the operator's latest seven-day forecast.PJM's performance has been closely...Reuters
Fri, Jan 30
