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…
Haj deaths show challenge of shielding pilgrims from scorching climate
By Pesha Magid RIYADH (Reuters) – Hundreds of the pilgrims who died in fierce heat at this year’s haj were not officially registered with the Saudi authorities, with the result…
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…
Gold prices dip below $2,300, copper weak on China woes
Investing.com– Gold prices fell below key levels in Asian trade on Thursday, as traders remained biased towards the dollar and wary of metals before key inflation data that is likely…
Factbox-The complexity of transforming rare earths from mine to magnet
LONDON (Reuters) – The EU will struggle to meet ambitious goals for rare earths in new legislation designed to boost domestic output of critical minerals and reduce dependence on China.…
Factbox-Companies forging a rare earths industry in the EU
LONDON (Reuters) – In the rare earths sector, the EU will struggle to meet most of its ambitious goals in new legislation designed to boost domestic output of critical minerals…
Oil eases as stock build raises spectre of slower US demand
By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) – Oil prices dipped on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the world’s top…
Asia FX muted as dollar nears 2-mth high; yen crosses intervention levels
Investing.com– Most Asian currencies moved little on Thursday as traders remained largely biased towards the dollar in anticipation of more key U.S. economic cues. Focus was also squarely on potential…
Japan issues fresh warnings against sharp yen falls
By Kentaro Sugiyama and Leika Kihara TOKYO (Reuters) -Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday, signalling readiness to intervene in the exchange-rate…
