Swiss gold exports to the United States rocketed in March

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich, Switzerland, November 20, 2014. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 26 (Reuters) – Swiss shipments of gold to the United States surged in March to their highest since May 2020, … Read more

Gold marks weekly dip on looming rate hikes, dollar rally

Spot gold hits two-week trough Silver on track for biggest weekly drop since late January April 22 (Reuters) – Gold fell 1% on Friday and was set for its biggest weekly decline since mid-March as signs of faster policy tightening by the Federal Reserve lifted Treasury yields and the dollar. Spot gold was down 0.9% … Read more

Scholz says top priority is avoiding NATO confrontation with Russia

German Chancellor Olaf Scholz makes a statement after talks with European leaders and US President Joe Biden, in Berlin, Germany, April 19, 2022. REUTERS/Lisi Niesner/Pool Register now for FREE unlimited access to Reuters.com Register Scholz warns Germany may be considered party to war if it sends tanks Scholz could soon be forced to decide on … Read more

Chinese markets continue to see foreign investment outflows in April

Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register April 22 (Reuters) – Overseas investors extended their selling of Chinese shares into April, after dumping them in the previous month, on mounting worries about the impact of … Read more

Exxon Mobil may completely withdraw from Russia by June 24 – sources

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 21 (Reuters) – Exxon Mobil Corp (XOM.N) is considering a complete withdrawal from Russia by … Read more

India’s Tata Steel to stop doing business with Russia

A plow stands outside a Tata Steel stockyard in the northern Indian city of Chandigarh May 23, 2013. Tata Steel Ltd, India’s largest steelmaker by market value, swung to a loss in its fourth quarter, hit by weak demand in Europe, its top market and production region. REUTERS/Ajay Verma (INDIA – Tags: ENERGY BUSINESS EMPLOYMENT) … Read more

Tesla races ahead of rising raw material costs on price hikes

SAN FRANCISCO, April 20 (Reuters) – Tesla Inc (TSLA.O) surged past Wall Street estimates for quarterly revenue and profit on Wednesday, as the electric carmaker raised prices in response to inflation, offsetting the impact of a Shanghai factory shutdown. Tesla has been an outlier since the pandemic outbreak, posting record deliveries and earnings for several … Read more

Russian oligarch Deripaska’s yacht arrives in Turkish waters

ISTANBUL, April 16 (Reuters) – A yacht linked to Russian aluminum tycoon Oleg Deripaska arrived in a bay near the southwestern Turkish resort of Gocek on Saturday, as more Russian billionaires head for Turkey to flee Western sanctions over Russia’s invasion of Ukraine. Deripaska, founder of Russian aluminum giant Rusal (RUAL.MM), has been sanctioned by … Read more

EXCLUSIVE Oil traders to cut Russian oil purchases from May 15 – sources

View shows railroad freight cars, including oil tanks, in Omsk, Russia May 1, 2020. REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, April 13 (Reuters) – Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid … Read more

EXCLUSIVE Trafigura set to take zinc out of LME system, fueling concern -sources

Trafigura logo is pictured in the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register Traders worry zinc could see volatile moves after nickel chaos LME says aware of zinc tightness, monitoring all metals Zinc market tight after smelter cutbacks on high energy costs LONDON, … Read more