Commodities

Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.

UK Prime Minister Keir Starmer’s pursuit of closer ties with China has raised private questions from Donald Trump’s incoming administration, European diplomats and even some senior British officials.

Nippon Steel Corp. alleges the White House had undue influence over a national security review of the Japanese company’s $14.9 billion bid for United States Steel Corp. and threatened legal action if the deal is blocked, Reuters reported.

The US has prevailed in its dispute with Mexico over genetically modified corn that threatened shipments to America’s top customer of the grain.

Hedge funds increased their bullish positioning on US crude by the most in more than a year on the prospect of sanctions on Iranian and Russian oil and the potential for additional Chinese economic stimulus.

Silver Point Capital plans to fight a US Securities and Exchange Commission lawsuit claiming the hedge fund firm failed to enact policies to bar a consultant from sharing confidential information about bonds issued by Puerto Rico.

The Interior Department approved the 2.4-gigawatt SouthCoast Wind farm planned near the Massachusetts coast, marking likely the last offshore energy project of its kind to win authorization under outgoing President Joe Biden.

Venture Global Inc., one of the biggest suppliers of liquefied natural gas in the US, filed for what could be one of the largest initial public offerings of 2025.

Canadian oil company Suncor Energy Inc’s long-term credit rating was cut one notch to a step above junk by S&P Global Ratings, as lower energy prices threaten the energy firm’s revenue.

Berkshire Hathaway Inc. purchased Occidental Petroleum Corp. shares for the first time in six months, adding to a bet that has billionaire investor Warren Buffett nursing a rare loss since first buying common stock two years ago.

Billions of dollars in federal loans to Rivian Automotive Inc., Plug Power Inc., PG&E Corp. and other companies are under threat because of a potential US government shutdown.

Volkswagen AG reached an agreement with labor leaders to cut capacity at its namesake brand while avoiding factory closures, capping three months of tense negotiations and preventing further union walkouts.

The office of South African President Cyril Ramaphosa said it welcomes the decision of the Energy Council of South Africa to end work with Bain & Co. after it objected to the relationship.

Holiday bakers are looking at record US prices for eggs as an intensifying bird flu outbreak has killed millions of the nation’s laying hens.

Italy’s state rail operator is open to foreign investors including private equity firms as Chief Executive Officer Stefano Donnarumma seeks capital for subsidiaries to fuel his growth and modernization plans.