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Grupo Mexico targets US expansion on copper boom
MEXICO CITY, Jan 28 (Reuters) - Mexican mining giant Grupo Mexico GMEXICOB.MX is weighing sizeable investments in the U.S. to cash in on the copper boom, executives said on Wednesday.In a long-awaited move, the firm said its Asarco unit was proceeding with plans to reopen and renovate its mothbolled...Reuters
Wed, Jan 28
PREVIEW-US refiners poised for higher Q4 profit, Venezuela in focus
By Nicole Jao NEW YORK, Jan 22 (Reuters) - Top U.S. oil refiners are expected to post stronger fourth-quarter profits as product margins spurred by the ongoing Russia-Ukraine war boosted earnings, energy analysts said.Fuel makers have reaped unexpected profits this year, after earnings slid from ...Reuters
Wed, Jan 28
LVMH to propose Expedia CEO Gorin to LVMH's board of directors
Jan 28 (Reuters) - LVMH Moet Hennessy Louis Vuitton SE LVMH.PA:WILL PROPOSE APPOINTING ARIANE GORIN TO BOARD OF DIRECTORSMarie-Laure Sauty de Chalon will not renew her mandate as director beyond twelve yearsAriane Gorin is Chief Executive Officer of Expedia GroupGorin received an MBA from the Kellog...Reuters
Wed, Jan 28
Gold hits fresh record above $5,300 as Trump’s USD stance fuels rally
Gold price (XAU/USD) rallies and refreshes all-time highs past the $5,300 figure on Wednesday, following the Greenback’s fall on Tuesday as US President Donald Trump said the value of the Dollar was "great" when asked in Iowa. XAU/USD trades at around $5,290, up more than 2%.
Fxstreet
Wed, Jan 28
US seeks interest from states in nuclear waste and reprocessing sites
DOE seeks state interest for Nuclear Lifecycle Innovation CampusesPlan aims to solve nuclear waste storage issues, boost nuclear powerReprocessing opposed by non-proliferation advocates due to security concernsBy Timothy Gardner WASHINGTON, Jan 28 (Reuters) - The U.S. said on Wednesday it is seek...Reuters
Wed, Jan 28
Shipping group CMA CGM to form port joint venture with Stonepeak
PARIS, Jan 28 (Reuters) - French shipping group CMA CGM and U.S. investment firm Stonepeak have agreed to create a joint venture to operate and invest in port terminals, the companies said on Wednesday.The deal, under which Stonepeak will invest $2.4 billion to acquire a 25% minority stake, will bri...Reuters
Wed, Jan 28
US, Mexico agree to begin talks on USMCA reforms, USTR's office says
Jan 28 (Reuters) - U.S. Trade Representative Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard agreed during a meeting on Wednesday to begin formal discussions on possible reforms to the United States-Mexico-Canada trade agreement, Greer's office said. Possible reforms include s...Reuters
Wed, Jan 28
Starbucks signals US sales revival under Niccol as margins cast a shadow
Comparable sales up 4% in North AmericaAll eyes on first investor day under NiccolProtein drinks driving traffic in the U.S., CFO saysOperating margins have fallen for eight quartersBy Juveria Tabassum Jan 28 (Reuters) - Starbucks SBUX.O recorded its first sales growth in the U.S. in two years on...Reuters
Wed, Jan 28
REFILE-Forecast record electricity demand to test largest US power grid, blackout chances rise
Transmission congestion leads to soaring electricity pricesNatural gas supply issues contribute to generator outages and price spikesPJM high-voltage line restrictions expected to average nearly 13 hours on ThursdayBy Tim McLaughlin and Laila KearneyBOSTON/NEW YORK, Jan 28 (Reuters) - Transmission l...Reuters
Wed, Jan 28
PRECIOUS-Gold tops $5,300 for first time on dollar weakness ahead of Fed decision
Gold sets record high at $5,311.31 an ounceFederal Reserve policy decision due at 2 p.m. ETGold overbought but dip‑buying keeps bias to upside, analyst saysBy Anmol Choubey Jan 28 (Reuters) - Gold prices climbed above $5,300 per ounce for the first time on Wednesday, driven by economic uncertaint...Reuters
Wed, Jan 28
Fedex says will return grounded md-11 cargo jets to service in its quarter that ends may 31
LOS ANGELES, Jan 28 (Reuters) - Fedex FDX.N said on Wednesday it plans to return to service by May 31 the MD-11 aircraft it grounded after the deadly crash of one of those cargo jets operated by United Parcel Service UPS.N in November."We continue to work with Boeing and the FAA to address any r...Reuters
Wed, Jan 28
FOCUS-Storm tests American Airlines as stranded crews face hotel shortages, long waits for help
American Airlines says storm caused more than 9,000 flight cancellationsUnions say crews waited hours for help and struggled to get hotelsAmerican used rare extra‑pay incentives to staff open tripsDisruption deepens worker frustration as American trails Delta, United on profitsBy Rajesh Kumar Singh ...Reuters
Wed, Jan 28
NY regulators oppose filings for Williams' proposed PA-NY Constitution natgas pipeline
NY DEC opposes Constitution Pipeline's permit revival bidDEC claims Constitution bypasses environmental reviewsDEC approved permits for PA-NJ-NY NESE gas pipe in November Jan 28 (Reuters) - New York’s environmental regulator said on Wednesday that it filed with federal energy regulators to op...Reuters
Wed, Jan 28
House Democrats warn oil companies of risks of Venezuela transactions
By Valerie Volcovici WASHINGTON, Jan 28 (Reuters) - A dozen House Democrats on Wednesday sent a letter to 21 companies who attended a Jan. 9 White House meeting about developing Venezuelan oil resources, warning them that any transaction or investment they make there faces legal and financial ris...Reuters
Wed, Jan 28
Europe Gasoline/Naphtha-Gasoline refining margins edge up
LONDON, Jan 28 (Reuters) - Northwest European gasoline refinery profit margins edged up by 49 cents a barrel to $6.97 on Wednesday.About 14,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, with TotalEnergies, Trafigura and Equinor selling to BP, Shell and VaroExxon traded...Reuters
Wed, Jan 28
METALS-Copper and aluminium climb as speculative rally continues
LONDON, Jan 28 (Reuters) - Copper rose on Wednesday while aluminium and zinc notched multi-year highs after the U.S. dollar slid to a four-year low and speculative investors continued to pile in with bullish bets on industrial metals.Benchmark three-month copper CMCU3 on the London Metal Exchange wa...Reuters
Wed, Jan 28
Permitting reform dead unless Trump stops attacks on renewables, Democrat senator says
WASHINGTON, Jan 28 (Reuters) - The top Democrat on the Senate environment committee said on Wednesday that Democrats will only back bipartisan legislation to expedite permitting for energy and infrastructure projects if they receive assurances that federal agencies will stop blocking renewable energ...Reuters
Wed, Jan 28
WRAPUP 3-Nipah virus fears trigger airport checks across Asia after India confirms two cases
Regional airports heighten Nipah screening Virus has high fatality risk but not spread easily person-to-personIndia traces contacts linked to cases, all test negativeSingapore to temperature check passengers on some flights Hong Kong, Thailand, Malaysia, Nepal tighten border health measuresBy Rishik...Reuters
Wed, Jan 28
PRECIOUS-Gold tops $5,300 for first time on dollar weakness ahead of Fed decision
Gold sets record high at $5,311.31 an ounceFederal Reserve policy decision due at 2 p.m. ETGold overbought but dip‑buying keeps bias to upside, analyst saysBy Anmol Choubey Jan 28 (Reuters) - Gold prices climbed above $5,300 per ounce for the first time on Wednesday, driven by economic uncertaint...Reuters
Wed, Jan 28
US seeks interest from states in storing nuclear waste and reprocessing
WASHINGTON, Jan 28 (Reuters) - The U.S. said on Wednesday it is seeking input from U.S. states on their interest in hosting sites for storing nuclear waste, spent fuel reprocessing and nuclear fuel fabrication. The Department of Energy said in a document posted online that the sites could also suppo...Reuters
Wed, Jan 28
