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NATO head Rutte says he welcomes UK's Defence Investment Plan

NATO Secretary General Mark Rutte said on Tuesday that he welcomed Britain's plans for increased spending on its defence.British Prime Minister Keir Starmer said on Tuesday that defence spending would increase to nearly £80 billion ($105.85 billion) a year by 2029, putting it on a path to hit 3% of…

Reuters en
NEWS reuters

Margins gain on firm buying from key demand hubs

Asia's naphtha refining margin rose to the highest level since early June on Tuesday due to weakness in crude oil benchmarks and renewed buying interest from China, traders and analysts said.The crack rose to $113.80 per metric ton over Brent crude, compared with about $106 a day earlier. Market co…

Reuters en
Futures

London cocoa climbs, set for big monthly gain

London cocoa futures on ICE rose on Tuesday and were on track for the biggest monthly gain since November 2024, supported by concern that there could be a sharp decline in cocoa production in top grower Ivory Coast in the upcoming 2026/27 season.COCOA* London cocoa ICEEUR:C2! rose 1.2% to £3,769 a…

Reuters en
Futures
reuters

Spot prices fall as wind output rises, demand weakens

European spot electricity prices fell on Tuesday as demand in Germany and France was forecast to ease and wind power supply was expected to rise, while forward contracts remained untraded as gas markets stayed in a tight range.($1 = 0.8778 euros)

Reuters en
Futures