Oil prices set for weekly gains with geopolitical tensions in focus

As of 00:02 ET (05:02 GMT), Brent Oil Futures expiring in February edged up 0.1% to $62.30 per barrel, while Crude Oil WTI Futures also gained 0.1% to $58.42 per barrel. Both contracts were set to ...

China pledges to control steel output during 2026-2030 period

BEIJING, Dec 26 (Reuters) - China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030. In 2021, the world’s largest steel ...

Platinum hits record high on tight supply, EU combustion-engine ban reversal

Dec 26 (Reuters) - Platinum jumped to an all-time high on Friday, on track for its biggest annual rise ever, as supply constraints, an unexpected EU policy U-turn on the 2035 combustion-engine ban, ...

A year on, Jeju Air crash report delayed as families question probe’s credibility

"It feels like all kinds of doubts are just growing bigger and bigger. In the meantime, a year has gone by, and it feels like the frustration is only continuing to build," said Ryu Kum-Ji, a ...

Spot silver extends rally to hit $75 per ounce for first time

Dec 26 (Reuters) - Spot silver climbed to $75 an ounce on Friday, supported by robust industrial and investment demand, tightening inventories, geopolitical tensions and expectations of further U.S.

Analysis-Myanmar junta’s shift from battlefield to ballots faces long odds

Min Aung Hlaing joined their ranks in February 2021, when he ousted a civilian government led by Nobel laureate Aung San Suu ...

Explainer-Why is Myanmar’s junta holding an election during a civil war?

Most analysts see the election as a way for the military, which has governed Myanmar for much of the past six decades, to entrench its rule via proxies in the absence of a viable political opposition, ...

Japan factory output falls more than expected in Nov; retail sales rise

Investing.com-- Japan’s industrial production fell more than expected in November, while retail sales posted modest growth, highlighting an uneven economic recovery as weak overseas demand continues ...

China’s statistics bureau revises down 2024 final GDP

BEIJING, Dec 26 (Reuters) - The size of China’s economy in 2024 was revised down to 134.8 trillion yuan ($19.23 trillion) in nominal terms, after a final verification, the country’s statistics bureau ...

Tokyo CPI inflation eases in Dec but stays above BOJ target

Tokyo core CPI, which excludes volatile fresh food prices, grew 2.3% year-on-year in November, government data showed on Friday. The print was slightly below expectations of 2.5% and eased from 2.8% ...

Japan’s cabinet approves record $785 billion budget, vows to keep debt in check

TOKYO, Dec 26 (Reuters) - Japanese Prime Minister Sanae Takaichi’s cabinet on Friday approved a record $785 billion budget for the next fiscal year, aiming to strike a balance between her proactive ...

Asia stocks rise to six-week high; precious metals on a tear

SINGAPORE, Dec 26 (Reuters) - Asian stocks rose to their highest in six weeks on Friday and a blistering rally in precious ...