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PRECIOUS-Gold set for fourth weekly rise as US data firms rate cut bets
US CPI increases 0.4% in AugustInitial jobless claims jump to 263,000 last weekGold up 1.7% so far this weekSilver, platinum, palladium set for weekly gainBy Anmol Choubey Sept 12 (Reuters) - Gold prices rose on Friday and were headed for a fourth consecutive weekly gain, as fears of a weakening ...Reuters
25 minutes ago
China aims to nearly double battery storage by 2027 in $35 billion plan
BEIJING, Sept 12 (Reuters) - China is looking to almost double its so-called new energy storage capacity to 180 gigawatts (GW) by 2027, according to an industry plan announced by authorities on Friday. The plan, released by the state planner, National Development and Reform Commission, and the energ...Reuters
28 minutes ago
Vietnam to exempt Mitsubishi, Kepco, other coal power plant operators from global tax, document shows
Finance ministry proposes to ease exemptions for other big firmsImmediate waivers to cut tax revenues by at least $425 millionInvestment-reliant Hanoi fears reputation impact from global taxGlobal top-up tax of 15% is meant to reduce tax avoidanceBy Francesco Guarascio and Khanh Vu HANOI, Sept 12...Reuters
59 minutes ago
GRAINS-Soybeans, corn, wheat set for weekly gains ahead of USDA report
BEIJING, Sept 12 (Reuters) - Chicago soybeans, corn and wheat were on track for weekly gains on Friday as traders adjusted positions ahead of a key U.S. supply and demand report.FUNDAMENTALS* As of 0114 GMT, the most active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.17% to $10...Reuters
an hour ago
WTI declines below $62.00 on weak demand, oversupply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early Asian trading hours on Friday. The WTI declines amid concerns over possible softening of US demand and broad oversupply risks.
Fxstreet
an hour ago
Oil prices extend losses on oversupply, US demand concerns
IEA expects oversupply to increase with OPEC output boostUS consumer prices rise, Fed likely to cut ratesBy Sam Li and Lewis Jackson Sept 12 (Reuters) - Oil prices edged lower on Friday after big falls in the last session over concerns about possible softening of U.S. demand and broad oversupply ...Reuters
2 hours ago
PRECIOUS-Gold set for fourth weekly rise as US data lifts rate-cut hopes
Sept 12 (Reuters) - Gold prices rose on Friday and were headed for a fourth consecutive weekly gain, as fears of a weakening U.S. labour market eclipsed inflation concerns ahead of an expected Federal Reserve rate cut next week.FUNDAMENTALS* Spot gold XAU= rose 0.1% to $3,637.06 per ounce as of 0059...Reuters
2 hours ago
Cafe chain Black Rock Coffee Bar raises $294 million in US IPO
Sept 11 (Reuters) - Black Rock Coffee Bar has raised $294.1 million in its U.S. initial public offering, the cafe chain said on Thursday, setting the stage for a closely-watched consumer listing in the aftermath of the tariff turmoil.The Scottsdale, Arizona-based company sold about 14.7 million shar...Reuters
2 hours ago
EXCLUSIVE-Canada may drop oil emissions cap as part of new climate plan, sources say
Canada considers scrapping oil emissions cap for climate strategyAlberta must commit to emissions reduction for cap removalOil sector's emissions rise, risking climate goals by 2030By Amanda Stephenson CALGARY, Sept 11 (Reuters) - Canada's government is in discussions with energy companie...Reuters
2 hours ago
Black Rock Coffee Bar Announces Pricing Of IPO At $20/Share
Sept 12 (Reuters) - BLACK ROCK COFFEE BAR ANNOUNCES PRICING OF INITIAL PUBLIC OFFERINGBLACK ROCK COFFEE BAR: PRICING OF INITIAL PUBLIC OFFERING OF 14,705,882 SHARES OF ITS CLASS A COMMON STOCK AT A PRICE TO PUBLIC OF $20.00 PER SHAREReuters
2 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 12 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$65.73/$65.07res $66.79/$67.33Palm oil (3rd mth)4,506 ringgitsup 4,444/4,427/4,405 ringgitWTI* (1st mth)$61.81/$61.27res $63.01/$63.42Spot gold$3,623/$3,591/$3,539res $...Reuters
3 hours ago
Gold Price Forecast: XAU/USD edges lower below $3,650 on profit-taking
The Gold price (XAU/USD) edges lower to around $3,630 during the early Asian session on Friday. The precious metal retreats from a record high on some profit-taking. Nonetheless, the rising bets of the US Federal Reserve (Fed) rate cut in the upcoming meeting might cap its downside.
Fxstreet
3 hours ago
Lundin Gold CEO Ron Hochstein to step down
Sept 11 (Reuters) - Lundin Gold LUG.TO said on Thursday Ron Hochstein would step down as CEO after a decade, and be succeeded by Jamie Beck.Beck was the former CEO of copper miner Filo Corp, where he steered exploration and development initiatives. His new appointment would be effective November 7, ...Reuters
3 hours ago
Valero overhauling FCCU at Tennessee refinery, sources say
HOUSTON, Sept 11 (Reuters) - Valero Energy Corp VLO.N is overhauling the gasoline-producing fluidic catalytic cracking unit (FCCU) at its 180,000 barrel-per-day Memphis, Tennessee refinery, people familiar with plant operations said on Thursday. A Valero spokesperson was not immediately available to...Reuters
4 hours ago
Brazil says US order removed most Brazil pulp exports from 10% tariffs
SAO PAULO, Sept 11 (Reuters) - The United States issued an executive order on September 5 removing most Brazilian pulp exports from a 10% tariff, the Brazilian Ministry of Industry, Development, Trade and Services said on Thursday.The Trump administration raised tariffs on most U.S. imports from Bra...Reuters
4 hours ago
Mexico's Pemex replaces head of commercial arm
By Stefanie Eschenbacher, Adriana Barrera and Ana Isabel MartinezMEXICO CITY, Sept 11 (Reuters) - Margarita Perez, the head of the commercial arm of Mexican state energy company Pemex, has left her position and will be replaced by finance ministry official Adan Garcia, a spokesperson for the company...Reuters
4 hours ago
CBOT wheat rises on short covering
CHICAGO, Sept 11 (Reuters) - Chicago Board of Trade wheat futures rose on Thursday on short covering, though swelling global supply hung over the market.The USDA is expected to report a slight decrease in U.S. wheat ending stocks in its monthly report on Friday, while world wheat stocks are forecast...Reuters
4 hours ago
Valero overhauling FCCU at Tennessee refinery, sources say
HOUSTON, Sept 11 (Reuters) - Valero Energy Corp VLO.N is overhauling the gasoline-producing fluidic catalytic cracking unit (FCCU) at its 180,000 barrel-per-day (bpd) Memphis, Tennessee refinery, people familiar with plant operations said on Thursday. A Valero spokesperson was not immediately availa...Reuters
4 hours ago
