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

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

LONDON, July 14 (Reuters) – European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot US inflation reading increased investor caution about Federal Reserve rate hikes. Wednesday’s data showed US consumer prices jumped 9.1% year-on-year in June, up from May’s 8.6% rise. read more The data was … Read more

Asian stocks gain as investors brace for US inflation data

Asian stocks at lowest in two years, euro near par with dollar on growth fears

People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register HONG KONG / TOKYO, July 13 (Reuters) – Stocks made slight gains across Asia on Wednesday while the euro hovered … Read more

Twitter sues Elon Musk to hold him to $ 44 billion deal

Twitter sues Elon Musk to hold him to $ 44 billion deal

WILMINGTON, Del., July 12 (Reuters) – Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating his $ 44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $ 54.20 per Twitter share. “Musk apparently believes that he … 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

Asian stocks at lowest in two years, euro near par with dollar on growth fears

Asian stocks at lowest in two years, euro near par with dollar on growth fears

HONG KONG, July 12 (Reuters) – Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage, which also left the euro a whisker from parity with the safe haven dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) … Read more

Brent oil stalls as market weighs supply disruption, recession fear

Brent oil stalls as market weighs supply disruption, recession fear

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson , California, US, March 11, 2022. REUTERS / Bing Guan Register now for … Read more

Asia shares cautious as Wall St futures slip

Asia shares cautious as Wall St futures slip

A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets: Nikkei edges up 0.9%, but S&P 500 futures slip Bonds extend rally amid recession chatter Payrolls … Read more

KDDI aims to restore service Sunday after 40 mln affected users

KDDI aims to restore service Sunday after 40 mln affected users

A man wearing a protective face mask, takes a photo with his mobile phone at noon, at Shibuya Crossing, during the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan, March 31, 2020. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, July 3 (Reuters) – Japanese mobile carrier KDDI Corp (9433.T) … Read more

OPEC oil output again misses target in June as outages weigh -survey

OPEC oil output again misses target in June as outages weigh -survey

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register OPEC output falls 100,000 bpd from May Libya, Nigeria post biggest declines Compliance with OPEC + … Read more