2025-11-29 09:31
MOSCOW, Nov 29 (Reuters) - Falling drone debris sparked a blaze at the Afipsky oil refinery in Russia's southern Krasnodar region, but the fire has been put out, regional authorities said on Saturday. Some technical equipment on the premises was damaged but no one was injured, the local taskforce said. Sign up here. The Russian Defence Ministry said that air defence units had intercepted and destroyed 103 Ukrainian drones over Russian regions overnight, including 11 over the Krasnodar region. https://www.reuters.com/world/europe/fire-russias-afipsky-oil-refinery-extinguished-after-drone-attack-authorities-2025-11-29/
2025-11-29 08:40
SANTIAGO, Nov 28 (Reuters) - Copper output in Chile, the world's largest producer of the metal, fell 7% year-on-year in October to 458,405 metric tons, statistics agency INE said on Friday. Manufacturing production in the Andean nation was slightly down 0.4% in the month on a yearly basis, the agency also said. Sign up here. https://www.reuters.com/world/americas/chiles-copper-output-manufacturing-production-fall-october-2025-11-29/
2025-11-29 07:52
Nov 28 (Reuters) - Warehouse operator Henry Bath & Son has become the latest company to register a storage facility with the London Metal Exchange in Hong Kong, a notice from the bourse revealed on Friday. The warehouse, located in the Kwai Chung district in Hong Kong's New Territories, can store copper, aluminium and aluminium alloy, nickel, lead, zinc and tin, said the notice from the LME, which is owned by Hong Kong Exchanges and Clearing Ltd (0388.HK) , opens new tab. Sign up here. It becomes the 13th Hong Kong facility to be listed since the LME first approved warehouses in the city in January this year, with the aim of providing a gateway to mainland China, the world's biggest metals consumer. The listing of Henry Bath's warehouse is effective immediately, but metal can only be warranted there - or approved for storage by the LME and made available for delivery against its metals contracts - from Dec. 5, the notice said. Liverpool-based Henry Bath is majority owned by Chinese warehousing and logistics firm CMST Development Co, which bought a 51% stake from commodity trader Mercuria in early 2016. https://www.reuters.com/world/asia-pacific/henry-bath-lists-lme-warehouse-hong-kong-2025-11-29/
2025-11-29 07:33
LONDON, Nov 29 (Reuters) - Mobile phones, wallets, rucksacks, spectacles and keys top the list of the 6,000 items that arrive weekly at Transport for London's lost property warehouse, alongside some unexpected items, including a bag of cooked frogs and an urn of ashes. "We didn't keep them," Transport for London manager Diana Quaye said of the frogs. Sign up here. A sandwich left on London Underground's Victoria line, or a chocolate bar on the top deck of the Number 37 bus, gets chucked away with the frogs and all other perishable items. But everything else is sorted, logged, labelled and filed away in Transport for London's east London warehouse. BIGGEST LOST PROPERTY OFFICE IN EUROPE Slightly smaller than a football pitch, the warehouse, packed full of rows of sliding shelves, is the biggest lost property office in Europe and has a staff of 45, Transport for London says. Umbrella handles protrude from one shelf, books overflow from another, while hundreds of stuffed children's toys, including a huge St Bernard dog teddy and a Rudolph the red-nosed reindeer, sit forlornly, awaiting collection. One area is dedicated to intriguing finds from over the decades. There's a wedding dress, an artificial limb and a taxidermy fox, amongst other treasures which would delight flea-market enthusiasts. Under one-fifth of all items lost on London's tubes, overground trains, buses and black cabs are ever reclaimed. After typically holding items for three months, Transport for London decides whether to auction them or send them to charity. They give sports equipment to a local school, while new toys are given to a children's charity at Christmas. The urn of ashes, held in a bag that was then stolen, was kept by Transport for London for seven years before eventually being returned to its owner in Germany. Commuters on buses are the biggest culprits when it comes to lost property, Quaye said. "I don't know if people get a bit relaxed on the bus, but they tend to leave items on there," she said. https://www.reuters.com/world/uk/mobile-phones-cooked-frogs-inside-londons-biggest-lost-property-office-2025-11-29/
2025-11-29 07:25
Gupta's firms allegedly created duplicate bills of lading Trial to resume December 10 with closing arguments Gupta's UD Group aimed for expansion into Europe, Russia, Africa LONDON, Nov 28 (Reuters) - Indian businessman Prateek Gupta, accused by commodity group Trafigura of orchestrating a $600 million metals fraud, told a court on Friday he did not know who at his firms allegedly created fake documents to sell the same cargo to two customers. Testimony wrapped up on Friday in the long-running trial, which will resume on December 10 for closing arguments. Sign up here. Geneva-based Trafigura sued Gupta more than two years ago, saying he engineered a hoax in which he and his companies agreed to provide pure nickel but delivered steel or scrap instead. On Thursday, Trafigura lawyers accused Gupta of siphoning off funds from the alleged fraud to prop up his business empire when his companies began to run out of funds in early 2021. Gupta has said Trafigura employees devised the scheme at the centre of the case, an allegation the trader has repeatedly denied. Trafigura lawyer Nathan Pillow showed Gupta copies of two shipping documents from 2022 with the same number, one of which he said was a duplicate one sold to Trafigura that had a stamp of TMT Metals AG, one of Gupta's companies. "You... were driven by your financial difficulties to resort to this kind of scam," Pillow told Gupta in a London High Court. "This created millions of dollars for your companies which were on the brink of collapse." When Pillow asked Gupta who at TMT had stamped and signed the document, he replied on his third day of testifying that he did not know about any duplicate documents or who would have signed them. In 2015, Gupta told Reuters he had big expansion plans for his UD Group, aiming to extend the group's reach into Europe, Russia and Africa and expand headcount from 250 people to 400 in the following two years. https://www.reuters.com/sustainability/testimony-closes-trafigura-fraud-case-gupta-denies-knowledge-duplicate-cargoes-2025-11-28/
2025-11-28 21:15
High interest rates, cheaper oil, stronger rouble hit profits Rosneft says security costs increased MOSCOW, Nov 28 (Reuters) - The January-September net income of Russia's largest oil producer Rosneft (ROSN.MM) , opens new tab fell by 70% year-on-year to 277 billion roubles ($3.57 billion) amid high interest rates, cheaper oil and a stronger rouble, the company said on Friday. Lower oil prices have dragged down the quarterly profits of various oil majors, including Shell (SHEL.L) , opens new tab and TotalEnergies (TTEF.PA) , opens new tab. Sign up here. Rosneft said additional pressure on the company's results came from an increase in ensuring "anti-terror security". The company did not elaborate on the specific security measures. Ukraine has stepped up drone attacks on Russia's energy infrastructure since August. Rosneft said its revenue dropped by 17.8% in the first nine months of the year to 6.29 trillion roubles. "The high level of the Bank of Russia's key interest rate continues to have a significant negative impact on the profit. In addition, non-monetary and one-off factors adversely affected the indicator's dynamics during the reporting period," Rosneft said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell for the period by 29.3% to 1.6 trillion roubles. ($1 = 77.4955 roubles) https://www.reuters.com/business/energy/russias-rosneft-reports-70-fall-9-month-net-income-2025-11-28/
