Analysis: Commodities

UK pub group Marston's rejects Platinum Equity's takeover offer

Marston's rejected a 666 million pound takeover proposal from Platinum Equity Advisors on Monday, saying it significantly undervalued the British pub operator....

Anglo American : Shares rally, retail surge drives silver to 8-year high

Global shares rebounded from last week's steep sell-off and silver prices surged on Monday as retail investors expanded their social media-fueled battle with Wall Street to drive the precious metal to...

Reddit is coming for silver. A short squeeze? Unlikely

Silver prices have rocketed to their highest since 2013 as retail investors, egged on by messages on Reddit, pile into the market in an attempt to push up prices, although most analysts and traders...

Miners push British stocks higher; ASOS gains on Arcadia deal

British shares rose on Monday, led by gains in mining stocks as silver became the latest target of a retail investor trading frenzy, while fashion retailer ASOS gained on a deal to buy rival brands...

PageGroup : Wrapped in Brexit red tape, a UK freight firm struggles to trade

In just one month of post-Brexit trading, British logistics expert Jon Swallow has seen exports dive, prices rise and customers so desperate that he is practically offering a counselling service....

Irish freight volumes to EU ports doubled in first month of Brexit

Irish freight volumes to and from European Union ports doubled in January, the government said on Monday, as many traders shunned the once-speedier route to the continent through Britain due to Brexit...

Weekly UK-EU freight volumes down 38%, truck data indicates

Freight volumes moving between the United Kingdom and the European Union were down 38% in the third week of January compared with the same week a year ago, real-time truck movement data shows. ...

Oil gains on stimulus optimism ahead of Biden inauguration

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden's inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth....

Exclusive: Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critics

The world's top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening...

Software data shows freight groups avoiding UK, prices rising

An increasing number of freight groups rejected contracts to move goods from France into Britain in the second week of January, while prices rose, according to data that shows the impact of Brexit and...

Indonesia's Pertamina conducts trials on 100% palm oil biodiesel and jet fuel

Indonesia's state energy company PT Pertamina said on Friday it had started trials on diesel made entirely out of palm oil at its Cilacap refinery on Java island after conducting trials on jet fuel...

Oil prices climb on Chinese data, dollar weakness

Oil prices edged higher on Thursday, boosted by a weak dollar and bullish signals from Chinese import data but pressured by renewed worries about global oil demand due to surging coronavirus cases in...

Brent at 11-month high, yields end flat

Oil prices hit their highest in nearly a year on Tuesday on lower supply bets and Treasury yields tightened from 10-month highs after strong demand at an auction....

Toyota Motor : Wall Street wary of 'frothy' stocks, bubbly bitcoin

Wall Street bankers warned of toppy stock markets and a looming near-term retreat after exuberance from unprecedented economic stimulus has led to frothy asset prices....

Saudi's surprise output cut to lift Brent to $60/bbl by mid-year - UBS

UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year, following Saudi Arabia's surprise unilateral production cut and expectations of a sharp recovery in demand in the second...

Oil rises to 10-month high after Saudi output cut, U.S. inventory draw

NEW YORK -Oil prices rose to their highest levels since February on Wednesday after Saudi Arabia announced a big voluntary production cut and on a steep fall in U.S. crude inventories....

Stocks drop as virus cases rise; gold rallies

NEW YORK -U.S. stocks dropped more than 1% on Monday, pulling back from record highs in the first trading day of the new year as coronavirus cases surged, while the U.S. dollar edged up and gold...

After golden year for precious metals, silver set to shine in 2021

After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy...

Stranded truckers fume as they wait to leave UK after COVID blockade

Furious truck drivers stranded at the English port of Dover scuffled with police as Britain sought to get cross-Channel traffic moving after a partial blockade by France to contain a highly...