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China TurboCharges Cobalt Mine Output Despite Price Crash

Cobalt needed for China39;s strategic electric vehicle sector New projects in Congo and Indonesia fuelling glut China39;s CMOC lifts cobalt output by 144 in nine months FACTBOX on cobalt mines LONDON, Dec 6 Reuters Chineseowned companies are aggressively expanding cobalt mining in Congo and Indonesia even while prices crash, as they bid to raise market […]
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Canadas Trade Surplus Grows more than Expected in October

OTTAWA, Dec 6 Reuters Canada recorded a largerthanexpected trade surplus of C2.97 billion 2.19 billion in October, as exports rose marginally but imports slumped, Statistics Canada said on Wednesday. Analysts in a Reuters poll had forecast a C1.60 billion surplus. September39;s surplus was downwardly revised to C1.1 billion from C2.04 billion initially reported. Total exports […]
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Russias Sberbank to Invest over 4.8B in IT in next 3Y

MOSCOW, Dec 6 Reuters Russia39;s top lender Sberbank will invest more than 450 billion roubles 4.84 billion in IT in the coming three years, its financial chief said on Wednesday, as the bank continues its push to develop domestic technology solutions. CEO German Gref, placed artificial intelligence and digital transformation at the heart of the bank39;s […]
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RBA keeps rates steady, Services contraction continues in Eurozone, JOLTS Report Way fewer jobs than expected, Crude falls, Dollar strengthens Amid NFP

Previous Trading Days Events 04 Dec 2023 Australias central bank RBA held interest rates steady as expected, as it needs more time to assess the state of the economy and decide whether to tighten further next year. Rates were kept at a 12year high of 4.35. Holding the cash rate steady at this meeting will […]
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South African Rand Gains on Bets Fed Rate Cut Coming

JOHANNESBURG, Dec 6 Reuters The South African rand firmed on Wednesday after subdued U.S. labour data boosted bets that the Federal Reserve was done hiking interest rates and might start easing its monetary policy early next year. At 1500 GMT, the rand traded at 18.8425 against the dollar , around 0.7 stronger than its previous […]
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