November 2023 – Page 38 – UAG Trade Asia

Teck to Sell Majority Stake in 8.9B Coal Business to Glencore Globe Mail

November 14, 2023
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Nov 13 Reuters Canada39;s Teck Resources is planning to sell a majority stake in its steelmaking coal unit to Glencore Plc, while Asian steelmakers Nippon Steel and POSCO will buy the rest in an overall 8.9 billion deal, the Globe Mail reported on Monday. Glencore will pay 6.9 billion for a 77 stake in Teck39;s coal […]

November 14, 2023
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NEW DELHI, Nov 14 Reuters India39;s wholesale price index INWPIECI in October fell 0.52 from a year earlier, staying in negative territory for the seventh straight month on weaker manufacturing and a moderation in food prices, according to government data on Tuesday. The fall in the index was steeper than a decline of 0.20 expected […]

November 14, 2023
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JOHANNESBURG, Nov 13 Reuters The South African rand edged lower against the dollar on Monday, ahead of several closely watched local and global economic data releases. At 1535 GMT, the rand traded at 18.7625 against the dollar , down 0.12 on its previous close. The dollar last traded around 0.09 stronger against a basket of […]

November 14, 2023
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BRASILIA, Reuters Brazil raised 2 billion on Monday with its firstever 39;green39; bond issuance, part of an effort to set a benchmark for the private market while channeling funds toward the government39;s ambitious sustainability agenda. The sevenyear bonds featured a 6.5 yield, said Finance Minister Fernando Haddad, confirming details reported earlier by Reuters. Speaking to […]

November 14, 2023
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SINGAPORE, Nov 14 Reuters The battered yen was stuck near a threedecade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan39;s BOJ ultraeasy monetary policy settings remained at odds with the prospect of higherforlonger rates elsewhere. The Japanese currency slumped to a 15year low of 162.38 per euro […]

November 14, 2023
Business
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LONDON, Nov 13 Reuters Novo Nordisk shares rose 3 on Monday as the market reacted to data the drugmaker presented over the weekend showing that the heart protective benefits of its popular obesity drug Wegovy are not solely due to weight loss. The data presented on Saturday at a major medical meeting in the United States gave investors […]

November 14, 2023
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LONDON, Nov 13 Reuters British petrol station operator EG Group said on Monday it would buy Tesla ultrafast charging units to boost its electric vehicle charging network across Europe, as the EV maker continues to expand the reach of its charging business. EG, owned by the billionaire Issa brothers who also own UK supermarket chain Asda, […]

November 14, 2023
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PARIS, Nov 13 Reuters Renault will reveal the launch of an additional affordable city electric car during this week39;s capital markets day for its new EV unit Ampere, three sources familiar with the matter told Reuters. The move is part of French carmaker39;s efforts to reassure investors and push ahead with the stock market listing of […]

November 14, 2023
Business
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U.S. oil firm sees global market for lithium from brine China is the main supplier of refined lithium for EVs Exxon to begin output with services provider Tetra Technologies HOUSTON, Nov 13 Reuters Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal […]

November 14, 2023
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Nov 13 Reuters Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical supply risks. The bank has forecast returns of 21 on commodities over a 12month horizon on the oilheavy […]

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Teck to Sell Majority Stake in 8.9B Coal Business to Glencore Globe Mail

Indias October Wholesale Price Index Falls 0.52 yy

S.African Rand Edges Lower ahead of Economic Data Releases

Brazil Raises 2 Billion in ESG Sovereign Bonds Debut

Yens Fall Toward MultiDecade Lows Keeps Markets on Intervention Watch

Novo Nordisk Shares Rise as Wegovy Shows Heart Benefits Beyond Weight Loss

UK Petrol Station Group EG to Buy Tesla UltraFast Chargers

Renault to Launch new SloveniaMade Electric City Car Sources

Exxon to Start Lithium Production for EVs in the US by 2027

Goldman Sachs Forecasts Higher Returns on Commodities

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