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METALS-London copper dips on potentially sluggish peak season, Fed rate-cut hopes cap losses
By Lucas Liew Sept 11 (Reuters) - Copper prices on the LME slipped in early Asian trade, weighed by potentially lackluster demand, though expectations of a U.S. interest rate cuts capped losses.Three-month copper on the London Metal Exchange CMCU3 dipped 0.25% to $9,988 per metric ton by 0223 GM...Reuters
26 minutes ago
PRESS DIGEST-British Business - September 11
Sept 11 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Oracle ORCL.N will launch "Oracle AI database", a cloud infrastructure service, next month ...Reuters
an hour ago
Oil prices flat amid weak US demand, softening economy
By Katya Golubkova TOKYO, Sept 11 (Reuters) - Oil prices were flat on Thursday, cooling from the previous session as weak demand in the United States and broad oversupply risks countered concern over attacks in the Middle East and Russia's war in Ukraine. Brent crude futures LCOc1 were up 1 c...Reuters
2 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 11 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$67.33/$66.79res $67.86/$68.52Palm oil (3rd mth)4,381/4,343 ringgitres 4,427/4,444/4,468 ringgitWTI* (1st mth)$63.16res $64.29/$64.60/$64.96Spot gold$3,623/$3,591res $3...Reuters
3 hours ago
PBF Reports Unplanned Flaring Due To Malfunction At Torrance, California Refinery
Sept 10 (Reuters) - PBF Energy Inc PBF.N:REPORTS UNPLANNED FLARE EVENT DUE TO MECHANICAL/ELECTRICAL MALFUNCTION AT TORRANCE, CALIFORNIA REFINERYREFINERY CAPACITY: 160,000 BARRELS PER DAYSOURCE: SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT FILINGReuters
3 hours ago
Gold Price Forecast: XAU/USD gains momentum to near $3,650, eyes on US CPI release
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday. The precious metal edges higher on expectations of a US Federal Reserve (Fed) interest rate cut, a weaker US Dollar (USD) and global geopolitical risks.
Fxstreet
3 hours ago
Barrick to sell its Canada's Hemlo mine for up to $1.1 billion
Sept 10 (Reuters) - Barrick Mining ABX.TO has agreed to sell its Hemlo gold mine in Canada to Carcetti Capital for up to $1.09 billion, the companies said on Wednesday.The deal includes $875 million in cash at closing, $50 million in shares of Carcetti, and up to $165 million in contingent payments ...Reuters
4 hours ago
WTI edges higher to near $63.50 amid global geopolitical risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.50 during the early Asian trading hours on Thursday. The WTI trades in positive territory for the third consecutive day amid global geopolitical risks.
Fxstreet
4 hours ago
Barrick Announces Sale Of Hemlo For Up To $1.09 Billion
Sept 10 (Reuters) - Barrick Mining Corp ABX.TO:BARRICK ANNOUNCES SALE OF HEMLO FOR UP TO $1.09 BILLIONBARRICK MINING- SALE AGREEMENT INCLUDES CASH CONSIDERATION OF $875 MILLION, DUE ON CLOSINGBARRICK MINING: TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN THE FOURTH QUARTER OF 2025Reuters
4 hours ago
Elliott says Kansai Electric can become more attractive by selling non-core assets
TOKYO, Sept 11 (Reuters) - Activist investor Elliott Management, a shareholder in Kansai Electric Power 9503.T, said the Japanese utility could become a more attractive long-term investment by selling non-core assets and boosting profitability and shareholder returns. Elliott has become one of the ...Reuters
4 hours ago
Japan's JERA to explore LNG offtake from Alaska's $44 billion export project
By Rishav Chatterjee and Katya Golubkova Sept 10 (Reuters) - Japan's top power producer, JERA, will explore liquefied natural gas offtake from the Alaska LNG project, JERA and developer Glenfarne said, as talks to ink firm binding sale contracts for the $44-billion project continue. Si...Reuters
4 hours ago
US Treasury-led watchdog dismantles climate advisory panels
By David Lawder WASHINGTON, Sept 10 (Reuters) - U.S. financial regulators voted on Wednesday to disband two committees charged with monitoring financial risks brought on by climate change, ending a multi-year Biden administration effort to embed climate threats into financial regulations.The Fina...Reuters
4 hours ago
LIVESTOCK-Cattle futures recover after sharp slide
CHICAGO, Sept 10 (Reuters) - Chicago Mercantile Exchange cattle futures recovered slightly on Wednesday after falling sharply lower the previous day as technical trading and lower revised jobs numbers pressured the market, according to analysts. Traders feared that government data showing the U.S. e...Reuters
5 hours ago
Newmont applies for voluntary delisting from Toronto Stock Exchange
Sept 10 (Reuters) - Newmont NEM.N has applied for a voluntary delisting of its common shares from the Toronto Stock Exchange due to low trading volumes, the world's top gold miner said on Wednesday.The move, expected to be effective on or about the close of trading September 24, is likely to imp...Reuters
5 hours ago
Newmont applies for voluntary delisting from Toronto Stock Exchange
Sept 10 (Reuters) - Newmont NEM.N has applied for a voluntary delisting of its common shares from the Toronto Stock Exchange due to low trading volumes, the world's top gold miner said on Wednesday.The move, expected to be effective on or about the close of trading September 24, is likely to imp...Reuters
6 hours ago
CANADA-CRUDE-Discount on Western Canada Select widens
Sept 10 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Wednesday.WCS for October delivery in Hardisty, Alberta, settled at $11.30 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.20...Reuters
6 hours ago
CIF/FOB Gulf Grain-Soybean and corn barge bids rise, Mississippi River levels fall
CHICAGO, Sept 10 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals turned higher, amid signs of spot demand and as freight costs remained firm, traders said.Empty barge rates have been turning higher as river levels are falling and barge firms prepare for dra...Reuters
6 hours ago
