Aluminium prices in London hit their highest in more than six weeks on Friday due to supply concerns after a fuel depot blast in major raw material producer Guinea, a weaker dollar and technical buying.
U.S. stock index futures dipped on Friday on caution ahead of a key inflation report, which could test an eight-week long rally driven by optimism that the Federal Reserve could lower interest rates next year.
Chinese alumina futures surged to record highs and traded at their upper limits on Friday as an explosion in major bauxite supplier Guinea sparked fears of a shortage of the feed material for alumina, traders and analysts said.
French sugar maker Tereos [TEREO.UL] said on Friday its sugar output in Brazil grew 19% in the 2023/2024 harvest, along with better-than-expected sugarcane crushing.
Shares of Nike slipped 11% on Friday, a day after the sportswear giant cut its annual revenue forecast and laid out a $2 billion cost-saving plan, signaling a strategy shift in favor of growing profit over sales as consumer spending remained weak.
German pilots' union VC has called for a five-hour strike at the Lufthansa Group's leisure subsidiary Discover Airlines ahead of the Christmas holidays, it said in a statement on Friday.
Italian home appliance maker De' Longhi has agreed to buy from its parent company a stake in high-end espresso machine manufacturer La Marzocco as it bets on coffee to pep up growth.
Boeing's first direct delivery of a 787 Dreamliner to China since 2019 landed in Shanghai on Friday, a step that could hasten the end of China's freeze on deliveries of the firm's profitable 737 MAX after more than four years.
Germany's winter wheat sown area for the 2024 harvest has been reduced by 7.3% from the year before to some 2.60 million hectares, its national statistics agency estimated on Friday.
India is testing artificial intelligence (AI) to build climate models to improve weather forecasting as torrential rains, floods and droughts proliferate across the vast country, a top weather official said.
For some a natural diamond, created over billions of years, is the ultimate luxury, but an award-winning British designer sees greater worth in jewellery crafted using laboratory-grown gems and metal from recycled cans.
Metals prices rose on Friday, with Shanghai-listed aluminium and zinc contracts reaching their November-high levels on expectations of Chinese rate cuts and shipping delay fears amid attacks in the Red Sea.
India will allow the import of edible oils at lower import tax rates until March 2025, according to a government order seen by Reuters on Friday, as the world's biggest importer of vegetable oil moves to keep a lid on local prices.
It's been a year to forget for industrial metal traders. Early optimism around China's return from lockdown dissipated over the first half of the year, leaving most metals chopping around in difficult range-trading conditions over the second half.
Metals prices rose on Friday, helped by expectations of Chinese economic policy support amid worries of supply disruptions due to shipping constraints in the Red Sea.
Chicago soybean futures hit a two-week low on Friday as expected rainfall in Brazil eased concerns that arid conditions in the world's top soy exporter would drive yields lower and tighten supply.
Boeing's first direct delivery of a 787 Dreamliner to China since 2019 is set to land in Shanghai on Friday, a step that could hasten the end of China's freeze on deliveries of the firm's profitable 737 MAX after more than four years.
China will resume importing grouper fish from Taiwan from Friday, the Chinese government announced, just one day after angering Taipei with the ending of tariff cuts on some chemical imports less than a month before Taiwanese elections.
Reuters
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