Market Pulse - Commodities
Shell explores Endeavor acquisition following price drop - reports
Oil giant Royal Dutch Shell has begun negotiations to acquire North Sea explorer Endeavor Energy for around $8bn, roughly half of what the Texan outfit was expected to go for when it put itself up for sale earlier this year, according to reports.
Rockfire Resources identifies 'outstanding' results from dormant gold prospect
Rockfire Resources made gains on Tuesday after identifying “outstanding” past drilling results at its Kookaburra exploration licence in Queensland, Australia.
Commodities: WTI, natural gas futures clobbered
Commodity prices slumped with energy futures pacing losses amid reports of an unexpected build in US oil stocks, forecasts for warmer-than-usual temperatures, concerns around the outlook for demand as well as for the Greenback.
China and US go head-to-head at WTO meeting
The US and China sparred again over their respective trade policies at a World Trade Organisation meeting in Geneva at the start of the week.
SOVA Capital hires Steven Woolley as new head of compliance
Sova Capital has moved to beef-up it top ranks, hiring several well-known names in the City as it prepares to expand its geographical footprint.
ECB will reinvest proceeds from APP past date of first rate hike
Rate-setters at the European Central Bank stayed put on interest rates but tweaked their so-called 'forward guidance' as regards the reinvestment of the proceeds from its asset purchase programme.
Anglo American updates its performance and growth outlook
Anglo American hosted a briefing for investors on Tuesday where it provided an update on the group’s current and projected operational and financial performance in which it expects to target $3-4bn of incremental annual EBITDA by 2022.
Pressure Technologies' loss widens as alternative energy revenue stumbles
Pressure Technologies reported on Tuesday that its full-year loss widened due to the impact of a weak performance in its Renewable Energy division.
China moving to cut tariffs on US cars
Chinese authorities are moving towards reducing the tariffs on imported cars from the US imposed during the ongoing trade spat with Washington, Bloomberg reported.
Trade talks between China and US ongoing, Beijing says
Trade talks between Washington and Beijing are ongoing at the highest level, despite the recent detention of a top Chinese business executive.
Investors warn governments to cut coal use or face financial disaster
Over 450 asset managers present at the UN's climate change summit in Poland called on governments to cut coal use and place certain taxes on carbon emissions in order to tackle climate change.
China November CPI undershoots forecasts
Inflation pressures in China continued to recede last month, hinting at softer economic growth head, according to economists.
Chinese export and import growth slows sharply in November
Both Chinese exports and imports slowed last month with the former buoyed by firms' attempts to front-run the new US tariffs that had been expected to kick-in at the start of 2019.
OPEC reportedly agrees 1.2m barrel a day output cut
The world's major oil producers agreed to slash their output by a tad more than had been expected following two days of talks in Vienna.
Commodities: Brent drops on lack of OPEC announcement, amid wave of risk aversion
Energy futures dragged on the entire complex after the Organisation of Petroleum Exporting Countries's ministerial meeting adjourned without a formal announcement to cut its combined output, pending a decision by Moscow.
Brent oil futures drop after OPEC summit ends without decision on output cut
In a surprise development, Thursday's meeting of energy ministers from the Organisation of Petroleum Exporting Countries and its allies adjourned without a final decision on by how much to cut the group's combined crude oil output.
Strategic Minerals boosted by Australian copper mineralisation
Strategic Minerals’ shares surged on Thursday after intersecting “significant” copper mineralisation at its Leigh Creek Copper Mine (LCCM) project in South Australia.
Director dealings: James Cropper chair ups stake
James Cropper chairman Mark Cropper purchased 29,440 ordinary shares in the AIM-listed firm on Thursday.
US foreign trade deficit hits 10-year high as soybean exports decline
America's trade shortfall with the rest of the world widened a tad in October on the back of stronger import demand.
Rose Petroleum extends boundaries at GVU project
North America-focused oil and gas company Rose Petroleum has reached an agreement with the Utah Bureau of Land Management regarding an updated operational plan for its Gunnison Valley Unit project in the Paradox Basin.