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…
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…
Brazilian real’s volatility undermines foreign trade predictability, says official
RIO DE JANEIRO (Reuters) – Recent exchange rate fluctuation Brazil is damaging the country’s foreign trade predictability, said the foreign trade secretary Tatiana Prazeres on Wednesday. The Brazilian real closed…
Dollar stands tall as traders mull Fed outlook; focus on ECB
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell to a three-week low on Monday after data showed the U.S. economy is gradually slowing down with weaker-than-expected readings on manufacturing…
Mexico peso drops nearly 3%, Sheinbaum landslide raises reform worry
By Karin Strohecker and Rodrigo Campos LONDON/NEW YORK (Reuters) -Mexican stocks fell over 6% on Monday and the peso closed at its weakest to the dollar since November after the…
OPEC+ extends deep oil production cuts into 2025
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group…
