Market Pulse - Commodities
KAZ Minerals posts rise in full-year sales on the back of higher commodity prices
KAZ Minerals reported modest full-year topline growth on the back of higher commodity prices, which more than offset lower output and sales volumes.
ExxonMobil to sell UK assets to HitecVision in $1bn deal
ExxonMobil announced on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision in a deal worth over $1bn.
2150 launches $240m fund to reduce largest cities' carbon footprint
A new venture capital fund “2150”, with a budget of $240m, is set to launch with the aim of reducing the carbon footprint of the world's largest cities by investing in green tech.
German researchers develop hydrogen paste fuel
Researchers at Germany's Fraunhoder Institute have developed a hydrogen paste that some pundits believe may revolutionise the industry.
Brent at 13-month high on hopes for US stimulus and vaccine rollouts
Investors continued to bid crude oil prices higher at the start of the week, on the back of continued hopes for an easing of Covid-19 lockdowns around the world and of fiscal stimulus in the US.
Sector movers: Mining, Oil and Gas shares pace lead on vaccine and stimulus hopes
Cyclicals were again pacing the advance at the start of the second week of February, amid positive 'market chatter' around the new US administration's plans for $1. 9trn in additional fiscal stimulus.