News
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Shell completes sale of Nigerian onshore subsidiary SPDC
March 13 (Reuters) - Shell SHEL.L said on Thursday it had completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance.Renaissance, a consortium of five firms comprising four Nigerian exploration and production companies and...
Reuters
Thu, Mar 13
METALS-Copper pulls back from five-month high on global growth worries
By Eric Onstad LONDON, March 13 (Reuters) - Benchmark copper prices in London retreated from five-month highs on Thursday as worries about global growth dulled the impact of U.S. tariffs inflating metals prices, while tin prices spiked to a 32-month peak after a mine in Congo closed.Three-month c...Reuters
Thu, Mar 13
RBC upgrades Wells Fargo to 'outperform' on valuation
RBC Capital Markets upgrades Wall Street giant Wells Fargo WFC.N to "outperform" from "sector perform".Says recent stock weakness gives investors a good entry point to buy WFC's stock** Brokerage expects WFC to execute on its growth plan to achieve its profitability target o...
Reuters
Thu, Mar 13
HSBC raises GBP-USD forecast but sees weakness ahead
Investing.com -- HSBC (LON:HSBA) has revised its forecast for the British pound against the US dollar, citing recent gains driven by broader euro strength.GBP-USD recently touched its highest level since November, benefiting from the rally in EUR-USD. However, despite the short-term boost, the UK f
Investing.com
Thu, Mar 13
US Dollar in choppy mode ahead of PPI and Jobless Claims data
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat on Thursday, above 103.70 at the time of writing. Markets await comments from US diplomats visiting Russia to convene over a ceasefire deal, which already bears the greenFxstreet
Thu, Mar 13
US STOCKS SNAPSHOT-Futures pare losses after producer prices data
March 13 (Reuters) - U.S. stock index futures pared losses on Thursday after producer prices data showed abating inflation pressures, offering investors some respite as they seek clues on the Federal Reserve's monetary policy trajectory this year.Reuters
Thu, Mar 13
Oil dips as economic concerns, supply and demand expectations weigh
Macroeconomic concerns stemming from tariffs remain prevalentGlobal demand firmer year on year and exceeded expectations, JP Morgan analysts sayGasoline inventories fall more than expected, EIA data shows By Paul Carsten LONDON, March 13 (Reuters) - Oil prices slipped on Thursday after surging in...Reuters
Thu, Mar 13
Hedge funds dump European and US markets for Asia amid global trade uncertainty
Hedge funds moved to unwind bullish and bearish wagers in Asia on Monday after dumping bets in the US and Europe on Friday, Goldman Sachs said in a note to its clients on Wednesday, according to a report from Bloomberg.According to the report, the exit was massive, with 75% of the selling...Cryptopolitan
Thu, Mar 13
Adobe's AI revenue, new subscription segments to drive long-term growth
Photoshop maker Adobe Inc ADBE.O forecast second-quarter revenue in line with Wall Street expectations on Wednesday, as it grapples with slower monetization of its AI offerings while facing tough competition from startups** Shares of ADBE down ~4.7% at $418.03 in premarket tradingAI...
Reuters
Thu, Mar 13
GBP: Downside risks ahead of Budget event – ING
ING's UK economist has published a note on the potential reset in UK-EU relationships and implications for British finances. The conclusion is that while rejoining the single market (or tightening economic ties) would have a beneficial growth effect, that is unlikely to unlock much fiscal headroom.Fxstreet
Thu, Mar 13
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $33.02 per troy ounce, down 0.42% from the $33.16 it cost on Wednesday.Silver prices have increased by 14.28% since the beginning of the year.
Fxstreet
Thu, Mar 13
European truck shares fall on U.S. electric vehicle rules reversal
March 13 (Reuters) - Shares in European truck makers fell on Thursday, with traders and analysts pointing to the U.S. Environmental Protection Agency's (EPA) decision to start efforts to reverse the Biden administration's vehicle emissions rules.Reuters
Thu, Mar 13
IEA sees global oil market surplus for 2025 as demand disappoints
LONDON, March 13 (Reuters) - Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said in a monthly oil market report on Thursday, after a downward revision to its 2025 demand growth forecast.
Reuters
Thu, Mar 13
Dollar dithers, yen gains on BOJ rate hike bets
SINGAPORE, March 13 (Reuters) - The dollar struggled for traction on Thursday as investors worried about the impact of an escalating global trade war on U.S. inflation and growth, while the yen ticked higher on favourable domestic conditions for more policy tightening.
Reuters
Thu, Mar 13
WTI remains below $67.50 as escalating trade tensions overshadow potential demand boost
West Texas Intermediate (WTI) crude Oil price remains subdued after two days of gains, trading around $67.40 per barrel during early European hours on Thursday. However, crude Oil could face headwinds as traders shift their focus to escalating global trade tensions.Fxstreet
Thu, Mar 13
EUR/GBP falls below 0.8400 as Euro struggles amid market jitters
EUR/GBP continues its losing streak for the second straight day, trading near 0.8390 during European hours on Thursday. The currency cross remains under pressure as the Euro (EUR) struggles amid deteriorating market sentiment following US President Donald Trump’s additional tariff threats in respons
Fxstreet
Thu, Mar 13
