Commodity wrap: gold flat, oil set for second weekly decline, base metals in green
Gold prices eased and remained flat on Friday due to a stronger dollar against a basket of major currencies. Meanwhile,…
BP breaks tradition; names Meg O’Neill as first outsider and female CEO
BP has appointed Meg O’Neill, the chief executive of Australia’s Woodside Energy, as its new CEO. This move signals BP’s…
Indonesia’s green power shift needs $92B, faces funding hurdles, coal addiction
Indonesia faces a massive financial challenge in its shift to greener energy for captive power, requiring an estimated $31 billion…
Bank of England cuts rates to 3.75% as inflation eases and growth remains weak
The Bank of England has lowered its benchmark interest rate from 4% to 3.75%, taking borrowing costs to their lowest…
Bank of Japan set for landmark rate hike in 30 years; markets to focus on BoJ’s comments
Japan’s central bank on Thursday began its final policy meeting of the year, with investors widely expecting a landmark interest…
US CPI comes in below forecasts, boosting hopes of faster Federal Reserve rate cuts
Consumer prices in the United States rose less than expected in November, adding to investor optimism that with inflationary pressures…
US initial jobless claims drop by 13,000 to 224,000, signaling low layoffs
US initial jobless claims fell by 13,000 to a seasonally adjusted 224,000 for the week ending December 13. The development…
Russia warns US against ‘fatal mistake’ as Venezuela shipping tensions rise
Russia’s Foreign Ministry said on Thursday that it hoped the administration of US President Donald Trump would not make a…
Commodity wrap: gold steady on rate cut hopes, oil rises on sanction fears
Gold prices pared losses from earlier in the day as softer-than-expected US inflation data raised hopes of Federal Reserve rate…
SovEcon lifts Russia’s 2025 wheat forecast to 88.8 MMT, flags drop next year
Citing stronger-than-expected yields in Siberia, agricultural consultancy SovEcon has revised its 2025 Russian wheat production forecast upwards. The agricultural consultancy…