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  • Major Fire Hits Chilean Port, Codelco Operations Unaffected

    Major Fire Hits Chilean Port, Codelco Operations Unaffected0

    A major fire broke out at Chile’s Ventanas port near a refinery and smelter belonging to state-run miner Codelco, but the company said on Thursday operations have not been affected. Meanwhile, a separate forest fire south of Ventanas near the coastal tourist city of Viña del Mar raged, killing at least two people while destroying

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  • Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays

    Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays0

    Oil prices extended gains into a fourth straight session on Thursday after inventory data showed that U.S. supplies remained tight ahead of a demand-heavy holiday season, although caution ahead of key economic readings kept gains limited. Data on Wednesday showed that U.S. crude inventories shrank far more than expected in the previous week, with decreases

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  • Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips

    Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips0

    Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested a surprise policy shift by the Bank of Japan. The yen fell 0.3% to 132.06 against the dollar, after rallying over 3% in the prior

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  • Japanese Yen Rallies to 4-month High on BoJ Policy Tweak, Asia FX Slips

    Japanese Yen Rallies to 4-month High on BoJ Policy Tweak, Asia FX Slips0

    Most Asian currencies fell slightly on Tuesday as fears of a potential recession persisted, while the Japanese yen rallied past its peers after the Bank of Japan tweaked its ultra-dovish policy, drumming up hopes for an eventual pivot. The yen jumped 2.7% to 133.14 – its strongest level against the dollar in four months. The

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