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Gold climbs to 11-week peak on Trump policy jitters, soft dollar
Jan 22 (Reuters) - Gold prices hit an over 11-week peak on Wednesday, not far from an all-time peak touched last year, boosted by safe haven demand stemming from uncertainty surrounding U.S. President Donald Trump's trade policies and a softer dollar.
India's budget likely to raise major subsidies by 8% to $47 bln in next fiscal
By Sarita Chaganti Singh and Mayank Bhardwaj NEW DELHI, Jan 22 (Reuters) - India is likely to raise spending on food, fertiliser, and cooking gas subsidies to 4.1 trillion rupees ($47.41 billion) in the next fiscal year, government sources said, a moderate 8% year-on-year increase to cover higher...Reuters
Wed, Jan 22
BUZZ-COMMENT-Rand under pressure ahead of central bank decision
Jan 22 (Reuters) - South Africa's Reserve Bank (SARB) is expected to cut its key rate by 25-basis points Thursday and despite showing resilience through the post-Trump inauguration volatility, the rand is coming under renewed pressure.USD/ZAR's recent decline from a 19.2300 nine-month high is attemp...Reuters
Wed, Jan 22
METALS-Tariff uncertainty weighs on base metals; copper down from over 1-month high
Updates prices SHANGHAI, Jan 22 (Reuters) - Most base metals fell on Wednesday, with copper pulling back from a more than one-month peak hit in the previous session, as uncertainty persisted over U.S. President Donald Trump's plans for tariffs. Trump said late on Tuesday that his administration w...Reuters
Wed, Jan 22
PRESS DIGEST- New York Times business news - Jan. 22
Jan 22 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - U.S. President Donald Trump said on Tuesday that he intended to impose a 10% tariff on Chinese imports into the United States...Reuters
Wed, Jan 22
BRIEF-Petra Diamonds To Sell Williamson Diamonds Interest To Pink Diamonds For $16 Mln
Jan 22 (Reuters) - Petra Diamonds Ltd PDL.L:ENTRY INTO AGREEMENT WITH PINK DIAMONDS FOR THE SALE OF PETRA'S ENTIRE INTEREST IN WILLIAMSON DIAMONDS LIMITEDTO SELL WILLIAMSON DIAMONDS INTEREST TO PINK DIAMONDS FOR $16 MILLIONSource text: ID:nPRrM5725aFurther company coverage: PDL.L ((Reuters.Briefs@th...Reuters
Wed, Jan 22
RUBBER-Japan futures edge higher on Thailand supply snags, but tariff concerns cap gains
Updates market at close SINGAPORE, Jan 22 (Reuters) - Japanese rubber futures ticked up on Wednesday, as worsening weather in top producer Thailand sparked supply concerns, though the prospect of fresh tariffs from U.S. President Donald Trump capped gains.The Osaka Exchange (OSE) rubber contrac...Reuters
Wed, Jan 22
TECHNICALS-CBOT soybeans may climb into a range of $10.80-1/2 to $10.96-3/4 range
For more technical analyses, please click TECH/CSINGAPORE, Jan 22 (Reuters) - The CBOT soybean March contract SH25 may climb into a range of $10.80-1/2 to $10.96-3/4 per bushel, driven by a powerful wave C.The strong rise from the Jan. 17 low of $10.19 confirms an extension of the uptrend from Dec. ...Reuters
Wed, Jan 22
COLUMN-Boosting gas output while keeping prices low a tough task for Trump: Maguire
The opinions expressed here are those of the author, a market analyst for Reuters.By Gavin MaguireLITTLETON, Colorado, Jan 22 (Reuters) - It may take more than a Sharpie pen and White House cheerleading to change natural gas output levels in the United States. President Donald Trump's sweeping meas...Reuters
Wed, Jan 22
BRIEF-Japan Petroleum Association President - It’S Unclear And Difficult To Understand The National Security Concerns Behind U.S. Government's Blocking Of Nippon Steel's Acquisition Of U.S. Steel
Jan 22 (Reuters) - Nippon Steel Corp 5401.T:PAJ PRESIDENT: NOT CERTAIN WHETHER U.S. ENERGY DEVELOPERS WILL IMMEDIATELY RAISE OIL AND LNG PRODUCTION DESPITE TRUMP ADMINISTRATION'S POLICYPAJ PRESIDENT: WE’RE UNLIKELY TO IMMEDIATELY BOOST PROCUREMENT OF U.S. OIL, GIVEN STABLE CRUDE SUPPLY FROM MIDDLE...Reuters
Wed, Jan 22
UPDATE 1-CVR Energy says fire extinguished at Coffeyville, Kansas refinery
Adds background and detailsJan 21 (Reuters) - CVR Energy CVI.N said on Tuesday a fire that broke out in the naphtha hydrotreater unit at a Coffeyville, Kansas, refinery operated by a subsidiary has been extinguished. CVR Energy has not said whether operations at the 115,000 barrels-per-day refinery ...Reuters
Wed, Jan 22
Rio Tinto bets Trump will give green light to US copper mine, FT reports
Jan 22 (Reuters) - Rio Tinto RIO.L is betting that U.S. President Donald Trump will finally give the green light to its giant copper mine in Arizona, the Financial Times reported on Wednesday. "I do think that we have really good chances now to progress that project," the miners top boss Jakob Staus...Reuters
Wed, Jan 22
South Korea to remove concrete embankment blamed for exacerbating deadly plane crash
By Hyunsu Yim SEOUL, Jan 22 (Reuters) - South Korea's transport ministry said on Wednesday that it would remove the concrete embankment installed at Muan International Airport following last month's Jeju Air 089590.KS crash, its deadliest domestic air disaster. While investigators are still probi...Reuters
Wed, Jan 22
GRAINS-Soy, corn and wheat dip after no-tariff rally
Adds analyst comments, updates prices CANBERRA, Jan 22 (Reuters) - Chicago corn, soybean and wheat futures dipped on Wednesday, after rallying in the previous session when Donald Trump's first full day as U.S. president passed without him following through on promises to impose tariffs on agricu...Reuters
Wed, Jan 22
BRIEF-Centerpoint Energy Says Over 99.9 % Of Customers Continue To Have Power Across Greater Houston During Winter Storm Enzo
Jan 21 (Reuters) - CenterPoint Energy Inc CNP.N:CENTERPOINT ENERGY WINTER STORM ENZO UPDATE: MORE THAN 99.9 PERCENT OF CUSTOMERS CONTINUE TO HAVE POWER ACROSS GREATER HOUSTON AREA; CREWS CONTINUING TO RESPOND TO SCATTERED CUSTOMER OUTAGES AND PREPARE FOR COLDEST OVERNIGHT TEMPERATURES OF THE YEARSou...Reuters
Wed, Jan 22
Fire extinguished at Coffeyville, Kansas, refinery, CVR Energy says
Jan 21 (Reuters) - CVR Energy CVI.N said on Tuesday a fire which broke out in the naphtha hydrotreater unit at its Coffeyville, Kansas, refinery has been extinguished. "One contract worker was taken to the hospital for treatment due to an unrelated personal medical issue. All employees have been acc...Reuters
Wed, Jan 22
