Commodities
By Amy Lv and Dominique Patton BEIJING (Reuters) -China’s exports of germanium and gallium products in August plunged,customs data showed on Wednesday, after Beijing implemented new export controls on the two chipmaking metals. China exported no wrought germanium products last month, compared to 8.63 metric tons in July when volumes…
Investing.com– Gold prices fell slightly on Wednesday as traders kept clear of big bets before an interest rate decision from the Federal Reserve later in the day, with a recent rise in inflation brewing concerns over a potentially hawkish outcome. Increased uncertainty before the Fed meeting saw gold catch some…
(Reuters) – Russia struck the Kremenchuk oil refinery in the central Poltava region of Ukraine in an overnight drone attack, causing a fire, Governor Dmytro Lunin said on Wednesday. Refinery operations have been temporarily stopped, he said on the Telegram messaging app, adding that there was no information about casualties.…
By David Stanway (Reuters) – A new U.N. treaty to protect the world’s oceans is expected to be signed by dozens of countries on Wednesday, another step in the efforts to reverse the damage done to fragile marine environments by overfishing and other human activities. The global pact to conserve…
The South Korean finance ministry has unveiled plans to enhance its emissions trading system in a bid to invigorate the currently underperforming market. Announced on Wednesday, the expansion will permit a wider spectrum of financial firms, including asset managers, to trade pollution allowances. The integration of these additional participants is…
By Heather Timmons and David Gaffen WASHINGTON (Reuters) – When the CEO gets a 40% raise, what do the workers deserve? That question is at the heart of the United Auto Workers union’s strikes at assembly plants owned by Ford (NYSE:), General Motors (NYSE:) and Chrysler parent Stellantis (NYSE:). UAW…
By Robert Harvey LONDON (Reuters) -Oil prices fell by more than $1 on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Investors are awaiting the Fed’s interest…
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Hedge funds ditched energy stocks last week for the first time in three weeks, despite a rally in oil prices triggered by the prospect of a widening supply deficit, Goldman Sachs said in a report. The move, according to the…
By Alex Lawler LONDON (Reuters) – With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a…
South Africa is bracing for significant increases in fuel prices in October, following a surge in international oil prices and a weaker rand-dollar exchange rate. The Automobile Association (AA) warned on Monday that unaudited data from the Central Energy Fund (CEF) indicated an impending rise in the price of petrol,…