NEW YORK (Reuters) – A sell-off in Treasuries continued overnight before paring losses, with long-term yields pushed to highs unseen since the global financial crisis. A growing sense that interest rates in major economies will stay higher for longer to contain inflation, resilient U.S. economic data and a sharp unwinding…

China’s property crisis in the last quarter has been a significant factor in the fluctuation of zinc prices, which have seen a drop from $3,100 to $2,500 a tonne. As of Wednesday, the London Metal Exchange (LME) spot price is at $2,601 a tonne. Despite this, experts predict that zinc…

Gold and continued their downward trend for the seventh consecutive day on Wednesday, influenced by the surge in US yields. Gold traded below Rs 57,000 per 10 grams, marking a decrease in MCX for December 5 to Rs 56,845 per 10 grams. Similarly, silver futures for the same date also…

PARIS (Reuters) – French President Emmanuel Macron said last week his government would “take back control” of electricity prices by the end of the year, without spelling out what steps he would take. His comments come as European Union countries are negotiating a reform of how power prices are calculated…

By Maytaal Angel LONDON (Reuters) – A Seattle-based startup backed by some of the investors behind Beyond Meat (NASDAQ:) is launching the world’s first beanless coffee this week as it bids to slash the environmental impact of the popular brew. The innovation has caught the eye of investors, who have…

By Robert Harvey LONDON (Reuters) -Oil fell on Wednesday, as pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023 were offset by demand fears stemming from macroeconomic headwinds. futures were down $1.58, or 1.74%, to $89.34 a barrel at 1045 GMT, while U.S.…

A recent survey by The Wall Street Journal predicts that {{8849|U.S. crcrude oil inventories will remain steady at 416.3 million barrels. The estimates for this data, are set to be released by the Department of Energy’s Energy Information Administration on Wednesday at 10:30 a.m. ET, ranges from a decrease of…

The global poultry market is poised for a gradual improvement in the last quarter of 2023 and early 2024, following a period of sluggish growth, according to a report by Rabobank published on Tuesday. This anticipated recovery comes on the heels of lower feed costs, which are expected to stimulate…

(Reuters) -The Electric Reliability Council of Texas (ERCOT) sought bids from power producers on Monday to increase its operating reserves by around 3,000 megawatts in case of any unexpected spikes in demand during the upcoming winter season. The Texas grid has been concerned about extreme weather since a deadly storm…

Investing.com – If there’s nothing greatly new in your own market to prop it up, you can always borrow a fundamental or two that weakens your rivals — in this case, US Treasuries and the dollar. Oil prices rose for the first time in three sessions on Tuesday after senior…