Canada’s Trans Mountain bets on last-minute oil shippers on high-cost pipeline
By Nia Williams (Reuters) – Canada’s Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation’s financial projections show, clouding Ottawa’s efforts to sell…
Oil steady as US demand flags but Middle East risk mounts
By Noah Browning LONDON (Reuters) -Oil prices were largely steady on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the world’s top oil consumer…
Turkey’s Simsek to speak at FATF watchdog meeting in Singapore, state media says
ISTANBUL (Reuters) – Turkish Finance Minister Mehmet Simsek will speak at Financial Action Task Force meeting in Singapore, Turkish state media said on Thursday, ahead of a decision by the…
Dollar consolidates ahead of key inflation release; yen nears intervention
Investing.com – The U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s gains, while the Japanese yen fell into intervention territory. At 04:30…
Bruised yen mired near multi-decade low with eye on intervention
By Rae Wee SINGAPORE (Reuters) – The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for…
South African rand weakens as focus still on cabinet announcement
JOHANNESBURG (Reuters) – The South African rand was weaker in the early session on Thursday, as traders awaited more details on the composition of President Cyril Ramaphosa’s unity government cabinet,…
Global carbon removal market could reach $100 billion/yr from 2030-35, report says
By Susanna Twidale LONDON (Reuters) – The global market for carbon dioxide (CO2) removal credits could reach up to $100 billion a year between 2030 and 2035 from $2.7 billion…
LME eyeing Hong Kong as a global warehouse location, says owner HKEX
By Mai Nguyen and Siyi Liu HONG KONG (Reuters) -The London Metal Exchange (LME) is exploring the possibility of listing Hong Kong as an LME warehouse location, the chief executive…
Battered yen mired near multi-decade low as intervention risks loom
By Rae Wee SINGAPORE (Reuters) -The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any…
In race to regain rare earth glory, Europe falls short on mineral goals
By Eric Onstad LONDON (Reuters) – Four decades ago, a rare earth processing plant on France’s Atlantic coast was one of the largest in the world, churning out materials used…
