News
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Another commissioner resigns from 'small-but-mighty' US commodities regulator
By Chris Prentice and Hannah LangWASHINGTON/NEW YORK, May 21 (Reuters) - Democratic commissioner Kristin Johnson on Wednesday said she plans to resign from the U.S. Commodity Futures Trading Commission, becoming the latest of the currently four-person commission to announce a plan to leave the regul...Reuters
Wed, May 21
US Energy Department to redirect $365 million to support Puerto Rico's grid resilience
WASHINGTON, May 21 (Reuters) - The U.S. Department of Energy said on Wednesday it will redirect$365 million to support grid resilience efforts in Puerto Rico.The funding will be deployed to support practical fixes and emergency activities that offer a faster, more effective solution to the current c...Reuters
Wed, May 21
BHP and Lundin's Argentina copper projects target 2030 start
BUENOS AIRES, May 21 (Reuters) - Miner Vicuna Corp, controlled by Australia's BHP BHP.AX and Canada's Lundin Mining LUN.TO, expects two copper projects in Argentina to start production in 2030, the company told Reuters.WHY IT'S IMPORTANTArgentina has not produced copper since 2018, but c...Reuters
Wed, May 21
GRAINS-Chicago wheat rallies to one-month high, corn and soybeans extend gains
Weaker dollar and short-covering boost wheat pricesCorn prices rise amid forecasts of tight new-crop global stocks-to-use ratioSoybeans supported by Argentina crop concernsBy P.J. Huffstutter CHICAGO, May 21 (Reuters) - Chicago wheat futures extended gains on Wednesday to reach a one-month high, ...Reuters
Wed, May 21
US Cash Grains-Basis bids mostly steady-higher at corn ethanol plants, soy processors
CHICAGO, May 21 (Reuters) - Spot basis bids were mostly steady to higher at U.S. Midwest ethanol plants and soybean crush plants on Wednesday as rising processing rates boosted demand for crops while farmer sales remained light, grain merchants said.Spot basis bids for corn and soy delivered to inte...Reuters
Wed, May 21
List of bidders in Citgo auction narrows, remaining groups to sweeten terms
Elliott not expected to submit bid in this phase of competitionOffer financing, payment pacts key to providing assurance of completing dealCompanies working to improve aspects of their offersCitgo's performance, parallel lawsuit affecting valuations in auction's final roundBy Marianna Parrag...Reuters
Wed, May 21
Europe Gasoline/Naphtha-Gasoline profit margins on brisk trading
LONDON, May 21 (Reuters) - Northwest European gasoline profit margins rose by around 50 cents to $14.99 a barrel on Wednesday despite an unexpected rise in U.S. inventories as trading activity picked up.A total of 8,000 metric tons of Eurobob E5 barges traded in the Argus window with Trafigura and G...Reuters
Wed, May 21
EU wheat extends gains to one-month high in short-covering wave
PARIS, May 21 (Reuters) - Euronext wheat rose for a second session on Wednesday to a one-month peak as the breaching of chart resistance and weather concerns in Northern Hemisphere production belts fuelled more short-covering after recent price lows.Benchmark September milling wheat BL2U5 on Paris-b...Reuters
Wed, May 21
REFILE-Greenland gives Danish-French group permit to mine rock with green potential, in wake of Trump interest
By Jacob Gronholt-Pedersen COPENHAGEN, May 21 (Reuters) - Greenland on Wednesday handed a 30-year mining permit to a Danish-French mining group aiming to extract a moon-like rock that could offer a climate-friendly alternative in aluminium production.The Arctic island rich in minerals, oil and na...Reuters
Wed, May 21
U.S. formally accepts luxury jet from Qatar for Trump - New York Times
May 20 (Reuters) - The United States has accepted a 747 jetliner as a gift from Qatar and the Air Force has been asked to determine a way to rapidly upgrade it so it to be used as a new Air Force One, the New York Times reported on Wednesday, citing a defense department spokesman.Reuters
Wed, May 21
METALS-Copper edges higher on worries about US debt, softer dollar
By Eric Onstad LONDON, May 21 (Reuters) - Copper prices edged higher on Wednesday as investors spooked by growing U.S. debt levels looked for hard assets as the dollar weakened.Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $9,528 a metric ton by 1615 GMT.Rep...Reuters
Wed, May 21
Iran faces U.S. without Plan B as nuclear red lines collide
Differences over enrichment put nuclear talks in balanceNo deal would expose Iran to sanctions, military threat, unrestIran would strengthen ties with China, Russia, officials sayBy Parisa Hafezi and John Irish DUBAI/PARIS, May 21 (Reuters) - While rising U.S.-Iran tensions over Tehran's uran...Reuters
Wed, May 21
EU wheat extends gains to one-month high in short-covering wave
PARIS, May 21 (Reuters) - Euronext wheat rose for a second session on Wednesday to a one-month peak as the breaching of chart resistance and weather concerns in Northern Hemisphere production belts fuelled more short-covering after recent price lows.Benchmark September milling wheat BL2U5 on Paris-b...Reuters
Wed, May 21
PRECIOUS-Weaker dollar, geopolitical uncertainty push gold to one-week high
U.S. dollar down 0.6%US economic woes linger despite China trade truce – pollPalladium and platinum trade above $1,000/oz markBy Sarah Qureshi May 21 (Reuters) - Gold prices rose for a third straight session on Wednesday and hit a one-week high, helped by a softer dollar and safe-haven demand ami...Reuters
Wed, May 21
ICA declares “significant event” for New South Wales flooding
By Ryan HewlettMay 21 - (The Insurer) - The Insurance Council of Australia (ICA) has declared a “significant event” for the Mid North Coast and Hunter regions of New South Wales impacted by significant rainfall and flooding in recent days.The impact of this recent flooding has been felt most signifi...Reuters
Wed, May 21
Vinci Sells Its 50% Stake In Mantiqueira High-Voltage Power Line In Brazil
May 21 (Reuters) - Vinci SA SGEF.PA:SELLS ITS 50% STAKE IN THE MANTIQUEIRA HIGH-VOLTAGE POWER LINE IN BRAZILDEAL FOR AROUND EUR 130 MILLIONPURCHASER IS CANADIAN INFRASTRUCTURE FUND BROOKFIELDOPERATION AND MAINTENANCE OF THIS LINE WILL CONTINUE TO BE CARRIED OUT BY COBRA ISReuters
Wed, May 21
BHP and Lundin-controlled copper projects in Argentina expected to start production in 2030
BUENOS AIRES, May 21 (Reuters) - Miner Vicuna Corp, controlled by Australia's BHP BHP.AX and Canada's Lundin Mining LUN.TO, expects two copper projects in Argentina to start production in 2030, Vicuna's country head Jose Morea told Reuters late on Tuesday.Reuters
Wed, May 21
REFILE-Starwind names Jenks new JH Blades leader following Martin’s retirement
By Chris MunroMay 21 - (The Insurer) - Starwind Specialty Insurance Services has named Graham Jenks as the new leader of its marine and energy-focused MGU JH Blades, with the appointment coming in the wake of longtime chief Richard Martin’s retirement.The leadership transition was effective March 1,...Reuters
Wed, May 21
