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Brazil power firm Brasol, backed by Siemens and BlackRock, to double investments this year
By Leticia FucuchimaSAO PAULO, June 4 (Reuters) - Brazilian energy firm Brasol, which has Siemens SIEGn.DE and BlackRock BLK.N as its main shareholders, expects to more than double investments this year as it aims to expand core businesses and diversify its portfolio, its chief executive said.Brasol...Reuters
Wed, Jun 4
Brazil power firm Brasol, backed by Siemens and BlackRock, to double investments this year
By Leticia FucuchimaSAO PAULO, June 4 (Reuters) - Brazilian energy firm Brasol, which has Siemens SIEGn.DE and BlackRock BLK.N as its main shareholders, expects to more than double investments this year as it aims to expand core businesses and diversify its portfolio, its chief executive said.Brasol...Reuters
Wed, Jun 4
Canada preparing possible reprisals against US over tariffs, says Carney
OTTAWA, June 4 (Reuters) - Canada is prepared to strike back against the United States if talks with Washington to remove President Donald Trump's tariffs did not succeed, Prime Minister Mark Carney said on Wednesday."We are in intensive negotiations with the Americans, and, in parallel, pre...Reuters
Wed, Jun 4
US Plains HRW Wheat-Basis bids steady-higher as harvest begins
CHICAGO, June 4 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady-higher in the U.S. Plains on Wednesday as dealers sought to incentivize selling from farmers who have been focused on winter wheat harvest preparations.The basis rose at two Kansas locations and was steady elsewh...Reuters
Wed, Jun 4
PRECIOUS-Safe-haven gold rises on weak data, simmering uncertainty
Trump calls China's Xi tough, 'hard to make a deal with'US private payrolls post smallest gain in over two years in MayUS service sector unexpectedly contracts in MayDollar down 0.5%By Sherin Elizabeth Varghese June 4 (Reuters) - Gold rose 1% on Wednesday, supported by a softer dollar...Reuters
Wed, Jun 4
GRAINS-US wheat prices climb amid Ukraine-Russia unrest
China's dry weather may impact wheat harvestsBlack Sea grain trade concerns amid Ukraine-Russia tensionsCorn and soybean futures rise on bargain buyingBy Julie Ingwersen CHICAGO, June 4 (Reuters) - U.S. wheat futures rose more than 1% on Wednesday as signs of a hardening conflict between Ukra...Reuters
Wed, Jun 4
GlobalFoundries boosts investment plans to $16 billion, with research focus
By Max A. Cherney and Stephen Nellis SAN FRANCISCO, June 4 (Reuters) - Chip manufacturer GlobalFoundries GFS.O said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip ...Reuters
Wed, Jun 4
Brazil plant of Coca-Cola maker suspended for potential contamination
By Lisandra ParaguassuBRASILIA, June 4 (Reuters) - A plant owned by Brazilian soft drink company Solar, which produces beverages for Coca-Cola KO.N, had a fault in its cooling system detected, causing production and bottling to be suspended as a precaution, Brazil's government said on Wednesday....Reuters
Wed, Jun 4
The Aluminum Association Says Need Consistent, Predictable Trade, Tariff Policy To Plan For Investment
June 4 (Reuters) - Matt Meenan, VP Of External Affairs At The Aluminum Association: NEED CONSISTENT, PREDICTABLE TRADE, TARIFF POLICY TO PLAN FOR INVESTMENT - MATT MEENAN, VP OF EXTERNAL AFFAIRS AT THE ALUMINUM ASSOCIATIONTHE ALUMINUM ASSOCIATION URGES US ADMINISTRATION TO TAKE A TAILORED APPROACH T...Reuters
Wed, Jun 4
Euronext wheat higher as Chicago rally offsets stronger euro
PARIS, June 4 (Reuters) - European wheat futures edged up on Wednesday with support from a rally in Chicago, though the euro's strength limited gains in Paris and kept prices near contract lows.September milling wheat BL2U5, the most active position on Paris-based Euronext, settled up 0.5% at 20...Reuters
Wed, Jun 4
US Cash Grains-Corn bids mixed, soy higher as farmers hesitate to sell
CHICAGO, June 4 (Reuters) - Spot soybean bids were steady to stronger while corn bids were mixed in the U.S. Midwest on Wednesday as farmers remained reluctant to book sales amid relatively low prices, dealers said.Soybean bids ticked up at an Ohio elevator and an Iowa river terminal. Corn bids rose...Reuters
Wed, Jun 4
Europe Gasoline/Naphtha-Gasoline profit margins drop on rising US stocks
LONDON, June 4 (Reuters) - Northwest European gasoline profit margins slipped by 76 cents to $15.32 a barrel on Wednesday as a larger-than-expected rise in U.S. inventories weighed.A total of 7,000 metric tons of Eurobob E5 barges traded in the Argus window, with Varo, Shell and TotalEnergies sellin...Reuters
Wed, Jun 4
Canadian Natural Resources restarts oil sands operation as wildfire risk lessens
By Amanda Stephenson CALGARY, June 4 (Reuters) - Canadian Natural Resources CNQ.TO has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region were a safe distance away.The country's biggest oil producer said late on Tuesday its operation at the s...Reuters
Wed, Jun 4
US government plans to deny emergency requests for three ethane export cargoes to China, Enterprise Products says
HOUSTON, June 4 (Reuters) - Enterprise Products Partners EPD.N on Wednesday said it received notice that the U.S. Commerce Department intends to deny emergency requests for three proposed cargoes of ethane exports to China. The three cargoes of ethane to China total around 2.2 million barrels. The p...Reuters
Wed, Jun 4
METALS-Copper inches down with focus on trade developments
By Ashitha Shivaprasad June 4 (Reuters) - Copper prices eased on Wednesday as tariff worries countered stronger-than-expected U.S. jobs data, while focus stayed on U.S. President Donald Trump's trade negotiations.Three-month copper on the London Metal Exchange CMCU3 was down 0.1% at $9,624.50...Reuters
Wed, Jun 4
Gold price surges on weak US ISM report; trade tensions boost safe haven demand
Gold price rallied over 0.80% on Wednesday during the North American session. The release of weaker-than-expected economic data from the United States (US) pushed XAU/USD higher as business activity softened and the jobs market added fewer people to the workforce.
Fxstreet
Wed, Jun 4
WRAPUP 3-China's rare earth export curbs hit the auto industry worldwide
EU Commissioner says bloc must cut dependence on China for critical mineralsBMW says supplier network affected, but plants running normallySupplier association CLEPA warns of further production outages due to shortagesChina produces around 90% of the world's rare earthsFord CFO says rare earths ...Reuters
Wed, Jun 4
NOAA 'fully staffed' with forecasters, scientists, US Commerce secretary says
WASHINGTON, June 4 (Reuters) - U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is "fully staffed" with weather forecasters and scientists after concerns were raised about some offices losing 24-hour staffing ahe...Reuters
Wed, Jun 4
Canadian oil sands company restarts operations as wildfire risk lessens
CALGARY, June 4 (Reuters) - Canadian Natural Resources CNQ.TO has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region are a safe distance away.The company said its operations will ramp up over the next several days, targeting full production of appro...Reuters
Wed, Jun 4
