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

NASA officials gather to unveil Webb space telescope’s first full-color images

NASA officials gather to unveil Webb space telescope's first full-color images

GREENBELT, Md., July 12 (Reuters) – Following a presidential sneak peek of a galaxy-studded image from deep in the cosmos, NASA officials gathered on Tuesday to unveil more of their initial showcase from the James Webb Space Telescope, the largest and most powerful orbital observatory ever launched. The first batch of full-color, high-resolution pictures, which … 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

EU agrees rules to tame ‘Wild West’ crypto market

EU agrees rules to tame 'Wild West' crypto market

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters – Cryptocurrency companies will need a license and customer safeguards to issue … 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