Column: Collapsing metal inventories clash with plunging prices

Column: Collapsing metal inventories clash with plunging prices

LONDON, July 13 (Reuters) – London Metal Exchange (LME) stocks are rapidly dwindling. LME warehouses held just 696,109 tonnes of registered metal at the end of June, the lowest amount this century. Inventory halved over the first six months of the year and June’s tally was down by 1.67 million tonnes year-on-year. Register now for … Read more

Exclusive: France’s Pernod puts new India investments on hold, citing protracted tax fight

Exclusive: France's Pernod puts new India investments on hold, citing protracted tax fight

Pernod at odds with Indian authorities over tax matters Differences between two sides on valuation of liquor imports Pernod told PM Modi’s office disputes hitting investments French spirits firm one of the biggest liquor companies in India NEW DELHI, July 12 (Reuters) – French spirits group Pernod Ricard (PERP.PA) has put new Indian investments on … Read more

Binance served crypto traders in Iran despite US sanctions, clients say

Binance served crypto traders in Iran despite US sanctions, clients say

Seven Iranians say used Binance for crypto after US reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw US regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran … Read more

Column: Saudi crude oil price hike set to collide with recession fears: Russell

Column: Saudi crude oil price hike set to collide with recession fears: Russell

Saudi Arabia Shaybah oilfield complex is seen in this aerial view deep in the Rub ‘al-Khali desert, Saudi Arabia, November 14, 2007. REUTERS / Ali Jarekji (SAUDI ARABIA) Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, July 7 (Reuters) – Consider the following to show just how weird global crude oil markets … Read more

Saving energy now is an EU no-brainer

Saving energy now is an EU no-brainer

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, June 17, 2022. REUTERS / Yves Herman Register now for FREE unlimited access to Reuters.com Register MILAN, June 29 (Reuters Breakingviews) – The European Union’s gas headache hasn’t gone away. Despite strong progress in hiking liquefied natural gas (LNG) purchases, the bloc is … Read more