News
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VEGOILS-Palm falls on profit-taking, still logs third straight weekly gain
KUALA LUMPUR, Jan 23 (Reuters) - Malaysian palm oil futures slipped on Friday, pressured by profit-taking and the ringgit's strength, but still logged a third consecutive weekly gain.The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange slid 23 ring...Reuters
Fri, Jan 23
Poland sends hundreds of generators to Ukraine as Russia strikes energy system
WARSAW, Jan 23 (Reuters) - Poland is sending hundreds of generators to Ukraine, authorities and fundraisers said on Friday, as Russian attacks on Ukrainian energy infrastructure leave citizens facing a bitter winter without heat or electricity.Russia's onslaught on Ukraine's energy system ha...Reuters
Fri, Jan 23
Asia Naphtha/Gasoline-Naphtha crack inches up, gasoline falls
NEW DELHI, Jan 23 (Reuters) - Asia's naphtha refining profit margin was up slightly on Friday after a single trade emerged at the Singapore window, and hopes of firm demand from China underpinned market sentiment.The crack rose to $85.45 per metric ton over Brent crude from $82.75 a day earlier....Reuters
Fri, Jan 23
UAE utility withdraws from Yemen and transfers solar power plants to government
Jan 23 (Reuters) - Abu Dhabi-based Global South Utilities (GSU) has completed the handover of two solar power plants in Yemen to the country's Public Electricity Corporation after Yemeni authorities requested the withdrawal of all Emirati companies from the country, the company said in a stateme...Reuters
Fri, Jan 23
EXPLAINER-How attacks on Ukraine's nuclear power substations could cause a total blackout
By Pavel Polityuk KYIV, Jan 23 (Reuters) - In the midst of extreme cold weather, Russia has intensified its attacks on Ukraine's energy system, which relies almost entirely on electricity produced by nuclear power plants and has already lost half of its generating capacity. WHAT NUCLEAR P...Reuters
Fri, Jan 23
KKR-owned ContourGlobal enters Greece with battery, solar acquisitions
MILAN, Jan 23 (Reuters) - KKR-owned energy group ContourGlobal said on Friday it had entered the Greek renewables market with the acquisition of a portfolio of solar plants and 500 megawatts (MW) of battery energy storage projects.The deal includes 26 operational solar plants with an expected annua...Reuters
Fri, Jan 23
India's Cipla posts steeper-than-expected quarterly profit slump on tumour drug supply crunch
Jan 23 (Reuters) - Cipla CIPL.NS, India's third-largest drugmaker by revenue, reported a steeper-than-expected 57% fall in quarterly profit on Friday, dragged down by a production halt at one of its exclusive manufacturers as well as acquisition costs.The drugmaker's stock fell 4% after the ...Reuters
Fri, Jan 23
Italy calls for international accord on raw material prices
ROME, Jan 23 (Reuters) - Italy and Germany are in favour of an international agreement to control raw material prices in order to curb the influence of China, Italian Foreign Minister Antonio Tajani said on Friday."We can't accept that China alone can decide the price of raw materials," ...Reuters
Fri, Jan 23
CK Hutchison explores split sale of global ports, Bloomberg News reports
Jan 23 (Reuters) - CK Hutchison 0001.HK is exploring a restructured sale of dozens of ports to a global consortium by breaking the transaction into smaller parcels with differing ownership structures, Bloomberg News reported on Friday, citing people familiar with the matter. CK Hutchison, whi...Reuters
Fri, Jan 23
Inpex working on advancing Indonesia's Abadi LNG project to meet government request
Efforts underway to bring forward Abadi start from early 2030sIn talks for large gas reserves in Australia to supply IchthysBy Yuka Obayashi and Katya Golubkova TOKYO, Jan 23 (Reuters) - Japan's Inpex 1605.T is working to advance the start of its Abadi project in Indonesia to meet the governm...Reuters
Fri, Jan 23
Indian drugmaker Cipla misses third-quarter profit view
Jan 23 (Reuters) - Cipla CIPL.NS, India's third-largest drugmaker by revenue, reported quarterly profit below estimates on Friday, dragged by a production halt at the exclusive manufacturer of its no. 2 revenue contributor tumour drug Lanreotide.The company, which makes the popular Asthalin inha...Reuters
Fri, Jan 23
PRESS DIGEST -Wall Street Journal - January 23
Jan 23 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump sued JPMorgan Chase JPM.N and CEO Jamie Dimon for $5 billion on Thursday, alleging the bank closed his accounts...Reuters
Fri, Jan 23
METALS-Copper climbs after strike shuts Chilean mine
Jan 23 (Reuters) - Copper prices firmed on Friday after Capstone Copper said that a workers' strike had forced a production halt at its Mantoverde mine in Chile.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 closed daytime trading up 0.64% at 101,340 yuan ($14,553...Reuters
Fri, Jan 23
RUBBER-Japan futures rally as oil rises; Shanghai nearly hits upper limit on tight supply
By Ruth ChaiJan 23 (Reuters) - Japanese rubber futures jumped on Friday as global oil prices rebounded, while Shanghai's most-active butadiene rubber contract nearly hit the upper daily price limit on tight supply and robust demand.The Osaka Exchange (OSE) rubber contract for June delivery JRUc...Reuters
Fri, Jan 23
India, EU likely to announce conclusion of trade talks on Tuesday
India, EU to announce conclusion of free trade talksPact to cut tariffs on EU cars, wine; aid textiles, jewelleryDeal expected to be announced at January 27 bilateral summitRatification may take a year; non-tariff barriers persistBy Manoj Kumar and Shivangi Acharya NEW DELHI, Jan 23 (Reuters) - ...Reuters
Fri, Jan 23
Microsoft says access to productivity suite restored after outage
Jan 23 (Reuters) - Microsoft MSFT.O said on Friday it has restored access to its suite of productivity software, while data from outage tracking website Downdetector.com showed that reports of outages had declined. There were nearly 113 incidents of people reporting issues with Microsoft 365 as of 1...Reuters
Fri, Jan 23
Tengizchevroil says oil production has not resumed on January 23, Interfax says
MOSCOW, Jan 23 (Reuters) - Oil production at Kazakhstan's vast Tengiz oil field, one of the world's largest, did not resume after it had been shut down on Monday, Interfax said on Friday, citing Kazakh oil producer Tengizchevroil (TCO), which is led by Chevron CVX.N.Oil production at the Ten...Reuters
Fri, Jan 23
TECHNICALS-CBOT corn may retest support at $4.21
SINGAPORE, Jan 23 (Reuters) - CBOT March corn CH26 may retest support at $4.21 per bushel, a break below which could trigger a fall into a wide range of $4.17 to $4.19-3/4.The support triggered a bounce, which is considered a pullback toward a rising trendline. The uptrend from $4.17 consists of thr...Reuters
Fri, Jan 23
Indian Oil buys Angola, Brazil, UAE oil to replace Russian crude, sources say
By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, Jan 23 (Reuters) - Indian Oil Corp IOC.NS, the country's top refiner, has bought 7 million barrels of oil, including from Brazil's Petrobras, for March loading to replace Russian oil, two trade sources familiar with the matter said.Indian r...Reuters
Fri, Jan 23
