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African Rainbow Minerals half-year profit up 10% on firmer platinum prices
March 6 (Reuters) - African Rainbow Minerals (ARM) ARIJ.J reported on Friday an increase of 10% in half-year profit, as higher platinum group metal (PGM) prices helped offset lower income from its iron ore, manganese and coal divisions.The South African diversified miner's headline earnings came...Reuters
6 minutes ago
Oil falls but set for steepest weekly gain since 2022
US considers intervening in futures market to curb rising pricesMiddle East conflict disrupts oil supply, impacting global energy pricesUS grants waivers for Russian oil purchases to ease supply constraints SINGAPORE, March 6 (Reuters) - Oil prices fell on Friday for the first time in six day...Reuters
18 minutes ago
RPT-India asks refiners to maximise LPG output
By Nidhi VermaNEW DELHI, March 6 (Reuters) - India has asked all its refiners to maximise production of liquefied petroleum gas and make the fuel available only to three state-run companies - Indian Oil, HPCL and BPCL, a government order showed.Thursday's order also asked refiners not to use pro...Reuters
23 minutes ago
India asks refiners to maximise LPG output
By Nidhi VermaNEW DELHI, March 6 (Reuters) - India has asked all its refiners to maximise production of liquefied petroleum gas and make the fuel available only to three state-run companies - Indian Oil, HPCL and BPCL, a government order showed.Thursday's order also asked refiners not to use pro...Reuters
24 minutes ago
Qatar offers LNG tankers for lease as top export plant stays shut, Bloomberg News reports
March 6 (Reuters) - Qatar is offering at least two liquefied natural gas tankers that it controls for lease, as the country’s massive export facility in the Gulf remains shut due to the ongoing war in the Middle East, Bloomberg News reported on Friday.The Al Thumama and Mesaieed, both of which are u...Reuters
30 minutes ago
African Rainbow Minerals half-year profit up 10% on firmer platinum prices
March 6 (Reuters) - African Rainbow Minerals (ARM) ARIJ.J reported on Friday a 10% increase in half-year profit, as higher platinum group metal (PGM) prices offset the impact of lower income from its iron ore, manganese and coal divisions.The South African miner's headline earnings came in at 1....Reuters
35 minutes ago
PRECIOUS-Gold rises 1% as Middle East conflict spurs safe-haven demand
US dollar weakens 0.3%February US employment report due later in the dayRisk of geopolitical tensions escalating, analyst saysBy Noel John March 6 (Reuters) - Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, as investors sought safe-haven bullion on heighte...Reuters
38 minutes ago
India's Aditya Birla Group restarts iron ore business, sources say
By Amy Lv and Neha Arora BEIJING/NEW DELHI, March 6 (Reuters) - Indian commodities trading house Aditya Birla Global Trading is restarting its iron ore operations, three sources familiar with the matter said, as other traders exit the market due to record-low volatility.The Singapore-headquartere...Reuters
2 hours ago
Malaysia says approved investments hit record high in 2025
KUALA LUMPUR, March 6 (Reuters) - Malaysia recorded 426.7 billion ringgit ($108.13 billion) in approved investments last year, a historic high for the country and an 11% jump from the previous record set in 2024, Prime Minister Anwar Ibrahim said on Friday. This includes 219.6 billion ringgit in dom...Reuters
2 hours ago
Oil falls as US may intervene in futures market, issues waiver for Russian purchases
PERTH, March 6 (Reuters) - Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war.Reuters
2 hours ago
PRECIOUS-Gold rises 1% as Middle East conflict spurs safe-haven demand
US dollar weakens 0.4%February US employment report due later in the dayRisk of geopolitical tensions escalating, analyst saysBy Noel John March 6 (Reuters) - Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, after investors sought the safe-haven metal as un...Reuters
2 hours ago
PRESS DIGEST-British Business - March 6
March 6 (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 - Greg Abel, the chief executive of Berkshire Hathaway BRKa.N and successor to Warren Buffett, has ...Reuters
3 hours ago
Oil spill disrupts livelihoods in Mexico's Veracruz state
By Tamara CorroJICACAL, Mexico, March 5 (Reuters) - Coastal residents in the Mexican state of Veracruz are concerned about the recent appearance of oil on local beaches, which has disrupted their livelihoods, fearing it could contaminate a nearby lagoon where communities farm fish and shrimp.Residen...Reuters
3 hours ago
GRAINS-Soybeans up, set for fifth week of gains on crude oil rally
Soybeans trade near highest since June on oil price rallyWheat up, but improved US weather, supplies keep lid on pricesBy Naveen Thukral SINGAPORE, March 6 (Reuters) - Chicago soybeans ticked up on Friday, heading for a fifth straight weekly gain, on a rally in crude oil prices amid the Iran conf...Reuters
3 hours ago
Senate Democrats say they are ready to resume permitting reform talks
March 5 (Reuters) - Senate Democrats are ready to restart negotiations on legislation to speed permitting large infrastructure projects, two lawmakers announced on Thursday, saying they were encouraged by the Trump administration's recent moves to review renewable energy project applications tha...Reuters
4 hours ago
Amazon says it fixed issue that led to website outage for thousands
By Anhata Rooprai March 5 (Reuters) - Amazon AMZN.O said on Thursday it has resolved an issue related to its software code that had caused an hours-long outage on its website for thousands of shoppers.The disruption, which began around 2:00 p.m. ET, gradually eased to less than 650 incidents of p...Reuters
4 hours ago
TECHNICALS-US oil to retest $81.95; upside opens toward $100
For more technical analyses, click SINGAPORE, March 6 (Reuters) - U.S. oil CLc1 is expected to retest a resistance at $81.95 per barrel, a break above could lead to a gain into the $83.23 to $84.03 range.A five-wave cycle from $63.61 looks incomplete. The fifth wave labelled 5 is unfolding. It consi...Reuters
4 hours ago
