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METALS-Copper jumps as dollar drops on report of limits on US tariffs
Updates prices LONDON, Jan 6 (Reuters) - Copper prices jumped on Monday as the dollar fell after a report said aides to U.S. President-elect Donald Trump were considering tariffs that would be applied only to critical imports, easing worries about wide-ranging levies that could trigger trade wars...Reuters
Mon, Jan 6
Power Up: Biden's final policy moves
Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.Jan 6 (Reuters) - By Liz HamptonEditor-In-Charge, U.S. Energy MarketsHello Power Up readers! Oil prices were holding at their highest lev...Reuters
Mon, Jan 6
UPDATE 3-Smithfield Foods first to publicly file in 2025 for big US IPO
Smithfield readies US stock market return after more than a decadeFirst company to publicly file in 2025 for a big New York IPO Morgan Stanley, BofA and Goldman Sachs tapped as lead underwritesWH Group acquired Smithfield in 2013 for $4.7 blnAdds background on Smithfield in paragraphs 6 & 7 Jan 6...Reuters
Mon, Jan 6
US Cash Grains-Soy basis up, corn bids fall as futures rise
CHICAGO, Jan 6 (Reuters) - Spot basis bids for corn fell and soy bids ticked up on Monday as futures gained strength from dry conditions in South America and a weaker U.S. dollar.* The spot basis for corn ticked down at a Nebraska elevator, Iowa processor and an Illinois river terminal.* The soy bas...Reuters
Mon, Jan 6
Libya's NOC subsidiary launches oil, gas production at Chadar field
TRIPOLI, Jan 6 (Reuters) - Libya's National Oil Corporation (NOC) said on Monday that subsidiary Zallaf for Oil and Gas Co. had started production at the Chadar field with more than 7.5 million cubic feet of associated gas per day and 1,500 barrels of crude per day.The NOC said in a statement the pr...Reuters
Mon, Jan 6
UPDATE 1-U.S. nuclear power plant outages
Adds outages tableJan 6 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW ...Reuters
Mon, Jan 6
BRIEF-Nippon Deal Never Presented Risks To National Security- CNBC Citing Sources Close To US Steel
Jan 6 (Reuters) - NIPPON DEAL NEVER PRESENTED RISKS TO NATIONAL SECURITY- CNBC CITING SOURCES CLOSES TO US STEEL US STEEL IS LASER FOCUSED ON CLOSING TRANSACTION WITH NIPPON STEEL- CNBC CITING SOURCES CLOSE TO U.S. STEELFurther company coverage: 5401.T ((Reuters.Briefs@thomsonreuters.com;))Reuters
Mon, Jan 6
Moldova summons Russian diplomat over energy disinformation
Jan 6 (Reuters) - Moldova's foreign ministry said on Monday it had summoned a representative of Russia's embassy in connection with the spreading of disinformation on the energy situation in Moldova after a deal with Ukraine for the import of Russian gas expired. In statement on Telegram, the minis...Reuters
Mon, Jan 6
UN envoy arrives in Yemeni capital in bid to quell tensions
GENEVA/ADEN, Jan 6 (Reuters) - The United Nations' Yemen mediator arrived in Yemen's capital on Monday as part of a bid to subdue heightened tensions in his first visit in almost two years, a spokesperson said.The trip comes amid intensified Israeli and U.S. strikes on Houthi strongholds in the past...Reuters
Mon, Jan 6
EXPLAINER-What is the latest science telling us about climate change?
Updates Nov. 12 story throughoutBy Gloria Dickie Jan 6 (Reuters) - After another record-breaking year for global temperatures in 2024, pressure is rising on policymakers to step up efforts to curb climate change.The last global scientific consensus on the phenomenon was released in 2021 through t...Reuters
Mon, Jan 6
Pork producer Smithfield Foods makes US IPO filing public
Jan 6 (Reuters) - Pork producer Smithfield Foods on Monday made public its paperwork for an initial public offering in the United States. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli) ((ArasuKannagi.Basil@thomsonreuters.com;))Reuters
Mon, Jan 6
US natural gas prices jump 9% as winter storms boost heating demand, freeze wells and pipes
Winter storms knock out power to 366,000 US homes and businessesFreezing wells and pipes reduce gas outputUS LNG feedgas on track for monthly record highBy Scott DiSavino Jan 6 (Reuters) - U.S. natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of...Reuters
Mon, Jan 6
UPDATE 2-US to end restrictions on Indian nuclear entities to boost energy ties, Sullivan says
Adds details, Sullivan's quote, and background, paragraphs 1, 5-8By Shivam Patel NEW DELHI, Jan 6 (Reuters) - The U.S. government is in the process of removing restrictions on Indian nuclear entities, National Security Advisor Jake Sullivan said on Monday, in a bid to forge deeper energy ties wit...Reuters
Mon, Jan 6
China's export ban to push antimony prices to new highs
By Anjana Anil and Ashitha Shivaprasad Jan 6 (Reuters) - Antimony prices are likely to hit record levels as consumers seek alternative supplies following China's latest export ban with growing trade tensions changing the dynamics around markets for critical materials.Last month, China banned expo...Reuters
Mon, Jan 6
CBOT Trends-Wheat up 7-8 cents, corn up 5-6, soy up 15-17 cents
CHICAGO, Jan 6 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Monday.WHEAT - Up 7 to 8 cents per bushel* Wheat futures gained on support from a slide in the U.S. dollar, which makes U.S. gra...Reuters
Mon, Jan 6
First major U.S. winter storm of year sweeps into Mid-Atlantic states
Jan 6 (Reuters) - The first major winter storm of the new year swept into the U.S. Middle Atlantic states on Monday morning, closing down federal offices and public schools in Washington D.C. after dumping more than a foot of snow in the Ohio Valley and Central Plains.The nation's capital can expect...Reuters
Mon, Jan 6
Gold price stuck in consolidation while nervousness picks up towards Trump’s inauguration
Gold’s price (XAU/USD) stabilizes near $2,640 on Monday after a quick sprint higher the first trading day of 2025 as traders were quite eager and quick to reopen their trimmed positions they had ahead of Christmas.
Fxstreet
Mon, Jan 6
PRESS DIGEST-Canada - Jan 6
Jan 6 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Canadian Prime Minister Justin Trudeau is expected to announce his resignation as Liberal Party Leader before natio...Reuters
Mon, Jan 6
GRAINS-Soy, corn and wheat regain ground on Argentina weather, dollar drop
Updates at 1249 GMT, changes dateline PARIS/BEIJING, Jan 6 (Reuters) - Chicago soybean, corn and wheat futures rose on Monday to recoup some of their losses from the previous session, supported by dry conditions in Argentina and a sharp fall in the dollar.The most-active soybean contract Sv1 on t...Reuters
Mon, Jan 6
BRIEF-Barrick Update On Loulo-Gounkoto Operations In Mali
Barrick Gold Corp ABX.TO:BARRICK UPDATE ON LOULO-GOUNKOTO OPERATIONS IN MALIBARRICK GOLD CORP - RESTRICTED FROM SHIPPING GOLD FROM LOULO-GOUNKOTO IN MALIBARRICK GOLD CORP - INTERIM ATTACHMENT ORDER ISSUED AGAINST GOLD STOCK AT LOULO-GOUNKOTOBARRICK GOLD CORP - MAY SUSPEND OPERATIONS AT LOULO-GOUNKOT...Reuters
Mon, Jan 6
UPDATE 1-Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term
Adds Trump transition in paragraph 9Biden says ban aligns with climate change, conservation agendaBan affects 625 million acres of oceanIndustry group urges Congress to reverse decision Jan 6 (Reuters) - U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastl...Reuters
Mon, Jan 6
Barrick says interim attachment order to further prevent export, disrupts operations at Mali
Jan 6 (Reuters) - Canada's Barrick Gold ABX.TO said on Monday that an interim attachment order has been issued against the existing gold stock at its Loulo-Gounkoto mining complex in Mali, which further prevents export and disrupts normal operations. (Reporting by Seher Dareen in Bengaluru; Editing ...Reuters
Mon, Jan 6
UPDATE 2-Norway's Troll gas field produced record volume in 2024
Adds details on ownership, expansion plans in paragraphs 4-8 COPENHAGEN, Jan 6 (Reuters) - Norway's Equinor EQNR.OL said on Monday the Troll gas field in the North Sea had produced a record volume of natural gas in 2024, increasing nearly 10% from the previous high set in 2022.The Troll gas field...Reuters
Mon, Jan 6
UPDATE 1-US taking steps to clear hurdles for civil nuclear partnership with Indian firms
Adds quote, background NEW DELHI, Jan 6 (Reuters) - The United States is finalising steps to clear hurdles for civil nuclear partnership with Indian firms, U.S. National Security Advisor Jake Sullivan said on Monday, seeking to give fresh momentum to a landmark deal between the two countries. ...Reuters
Mon, Jan 6
BUZZ-COMMENT-Standout FX option strike expiries this week
Jan 6 (Reuters) - The cash hedging of soon-to-expire FX option strikes may bolster nearby support and resistance levels, while potentially having a magnetic effect on FX price action towards each day's 10-a.m. New York cut expiry, so it is worth knowing where the larger strikes reside in advance.Thi...Reuters
Mon, Jan 6