KYIV – The European Bank for Reconstruction and Development (EBRD) has signed a deal to provide Ukrainian state energy company Naftogaz with a €200 million loan aimed at preparing the country’s gas reserves for the winter season. This agreement, taking place in Kyiv today, follows an earlier €300 million loan…

MOSCOW/LONDON (Reuters) – Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed. The development is a blow to Russia as it narrows…

The precious metals market saw a mix of trends today, with prices in India decreasing, while futures showed a slight increase. The Multi Commodity Exchange of India (MCX) reported a drop in spot gold to ₹61,208 per ten grams and an uptick in to ₹61,084 per ten grams. In contrast,…

By Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s grains trade is largely “paralyzed” by a lack of soybeans due to drought and farmers holding onto produce, anticipating a devaluation of the peso under President-elect Javier Milei, the head of the main export chamber told Reuters. The comments were the first…

Silvercorp Metals (NYSE:) Inc. has sweetened its takeover bid for OreCorp Limited by A$20 million, increasing the total offer to A$260 million or A54.3 cents per share. This revised proposal represents a 12% premium over OreCorp’s share price at Tuesday’s market close. The enhanced cash component of the deal is…

By Nia Williams (Reuters) -Oil prices dipped about 1% on Thursday, extending losses on expectations that OPEC+ might not deepen output cuts next year after the producer group postponed its policy meeting. futures were down 68 cents, or about 0.8%, at $81.28 a barrel by 2024 GMT after falling as…

Thursday witnessed silver prices inching up to close at $23.82 in a session marked by low trading volumes but maintaining weekly highs. Market participants are closely monitoring the precious metal as it approaches key resistance levels, with the immediate focus on the $24 mark and a further eye on June’s…

The global beef market is experiencing a notable divergence, with North American cattle markets displaying resilience while southern hemisphere countries face significant price drops, according to the latest Rabobank Beef Quarterly Report. The report highlights a stable price environment in the United States and a 3% increase in Canada between…

In today’s Asian market session, gold prices exhibited narrow trading as investors processed the latest cues from the Federal Reserve and anticipated the release of flash US PMI data. The precious metal found immediate support in the range of $1,989-$1,988, with additional backing from the 200-day Simple Moving Average (SMA)…

Investing.com– Gold prices hovered just below key highs on Friday as a U.S. market holiday made for scant trading cues, with focus now turning to upcoming business activity readings for more cues on the world’s largest economy.  The yellow metal was still headed for a second straight week of gains,…