By Timothy Gardner and David Shepardson WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Monday he will appoint Republican former Congressman Lee Zeldin, who often voted against legislation on green issues including a measure to stop oil companies from price gouging, to head the Environmental Protection Agency. “He will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while

By Andy Home LONDON (Reuters) – Donald Trump’s U.S. presidential election win has not sparked a repeat of the explosive rally which followed his unexpected victory in 2016. That coincided with a market that was heavily short of both futures and options and triggered a mass realignment of fund positioning. This time, copper was in risk-off mode ahead of what seemed a close-call result. Fund managers were net long of

By Julie Ingwersen and Heather Schlitz CHICAGO (Reuters) – The return of drought in U.S. cattle-producing areas is delaying ranchers’ plans to expand production after the nation’s herd shrank to its smallest level in seven decades, farmers and analysts said. Tight cattle supplies are squeezing meatpackers, including Tyson Foods (NYSE:), which reports quarterly earnings on Tuesday, and consumers facing high beef prices. Meat producers had hoped rains would encourage ranchers

HANOI (Reuters) – Vietnam’s central bank is ready to sell U.S. dollars to the market to keep the exchange rate stable, Governor Nguyen Thi Hong said on Monday (NASDAQ:). “The exchange rate market has been volatile after the Fed’s rate cuts,” Hong told the parliament in Hanoi, adding that market management is a challenging task. Hong said the central bank will prioritise stability and inflation control, but will have measures

Investing.com – The U.S. dollar rose Monday, continuing the positive tone generated by the new Trump presidency ahead of the release of key inflation data and with a number of Federal Reserve speakers due this week. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher to 105.207, after gaining 0.6% last week. Dollar maintains strength  The dollar

(This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) By Shariq Khan NEW YORK (Reuters) – Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s latest economic-stimulus packages failed to impress some oil traders. U.S. West Texas Intermediate futures led

By Valerie Volcovici and Nailia Bagirova BAKU (Reuters) – The annual U.N. climate summit kicks off Monday (NASDAQ:) with countries readying for tough talks on finance and trade, following a year of weather disasters that have emboldened developing countries in their demands for climate cash. Delegates gathering in Azerbaijan’s capital of Baku are hoping to resolve the summit’s top agenda item – a deal for up to $1 trillion in

Investing.com– Gold prices fell in Asian trade on Monday (NASDAQ:), extending losses from last week as risk appetite remained mostly upbeat following Donald Trump’s victory in the 2024 presidential election. The yellow metal was also pressured by strength in the dollar, as the greenback steadied before more cues on U.S. inflation and the Federal Reserve this week. An outlook for higher rates in the long term, under a Trump presidency,

(Reuters) – Chevron Corp (NYSE:) has started redeploying personnel and restoring production at its Gulf Of Mexico platforms that were closed for Hurricane Rafael, the company said on Sunday. Chevron operates six platforms in the Gulf of Mexico – Anchor, Blind Faith, Jack/St. Malo, Tahiti, Petronius, and Big Foot. Rafael has degenerated to a post-tropical remnant low after entering the Gulf on Wednesday as a major hurricane. “We will continue

Investing.com– Most Asian currencies moved in a small range on Monday (NASDAQ:) as traders took little cheer from more fiscal spending in China, while the dollar steadied ahead of key consumer inflation data this week. Regional currencies were nursing steep losses in recent sessions as the dollar firmed sharply on Donald Trump winning the 2024 presidential elections. While the greenback’s rally was stalled by an interest rate cut by the