News
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Gold turns positive as Moody's US downgrade sends US yields higher
Gold (XAU/USD) price remains within a tight range, trading slightly higher near $3,243 at the time of writing, with three main themes at play on Monday. Tensions are brewing in the Middle East with Israel embarking on another massive ground offensive.
Fxstreet
Mon, May 19
Qatar Airways' net profit jumps 28% as company expects strong demand to continue
DOHA, May 19 (Reuters) - State-owned Qatar Airways posted an annual net profit of a record 7.8 billion riyals ($2.1 billion) for the 2024 financial year ended March 31, up 28% from a year earlier, the company said on Monday, and expects strong demand ahead.Demand from the Gulf has defied a global sl...Reuters
Mon, May 19
EUROPE GAS-Prices rise on colder weather, Norway maintenance
LONDON, May 19 (Reuters) - Dutch and British wholesale gas prices rose slightly on Monday morning, but continued to trade in a narrow range, amid a cooler weather forecast and lower Norwegian flows to continental Europe due to maintenance at the Kollsnes gas processing plant. The benchmark Dutch...Reuters
Mon, May 19
Indonesia's Pertamina seeks gasoline for July-December, excludes Singapore supply
Pertamina seeks up to 1.6 mln bbls 90-octane gasolineAlso plans to buy 1.2 mln bbls 92-octane gasolineCargoes to be delivered between July-Sept or July-DecExcludes Singapore supply in two tendersBy Trixie Yap SINGAPORE, May 19 (Reuters) - Indonesia's Pertamina has issued five tenders to buy n...Reuters
Mon, May 19
Liberty Mutual Re backs parametric flood and drought cover for Colombian farmers
By Henry GaleMay 16 - (The Insurer) - Liberty Mutual Reinsurance (LM Re) has expanded a parametric livestock insurance product piloted in Colombia last year to cover flood risks as well as drought.The coverage is offered in collaboration with MGA XS Global and agricultural consulting firm SFA CEBAR....Reuters
Mon, May 19
China asks US to maintain stability of international financial system after Moody's downgrade
BEIJING, May 19 (Reuters) - China on Monday called on the United States to take responsible policy measures to maintain the stability of the international financial and economic system and safeguard the interests of investors.A Chinese foreign ministry spokesperson made the comments at a daily press...Reuters
Mon, May 19
METALS-London copper firms as dollar eases, weak China data caps gains
NEW DELHI, May 19 (Reuters) - Copper prices in London rose on Monday, tracking weakness in the U.S. dollar, although gains were capped due to concerns over demand outlook in top consumer China after data showed slowing industrial output growth.Benchmark copper CMCU3 on the London Metal Exchange (LME...Reuters
Mon, May 19
PRECIOUS-Gold rises as soft dollar, Trump's tariff threats spur safe-haven demand
Trump to carry out tariff threats if nations don't negotiate in 'good faith,' Bessent saysMoody's downgrade hikes investor worry about U.S. fiscal pathDollar down 0.5% against its peers By Anushree Mukherjee May 19 (Reuters) - Gold prices climbed on Monday as a softer dollar and r...Reuters
Mon, May 19
Offshore wind remains 'highly competitive' in London market
By Rebecca DelaneyMay 19 - (The Insurer) - London market underwriters are maintaining a strong appetite for offshore wind exposures despite inflation-related challenges and supply chain issues in the sector, energy sources canvassed by The Insurer said.Zoe Massie, head of offshore at GCube, told The...Reuters
Mon, May 19
PRESS DIGEST - Wall Street Journal - May 19
May 19 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Nvidia NVDA.O is deepening its partnerships with Taiwanese companies, including working with Foxconn Technology Group 2317.TW to build an AI...Reuters
Mon, May 19
COLUMN-Lifting US sanctions on Iran could crush China’s 'teapot' oil refineries: Bousso
Chinese independent refineries accounted for 77% of Iran 2024 exportsIranian imports are discounted, offering profits upliftRemoval of sanctions will undermine teapots' business modelBy Ron Bousso LONDON, May 19 - The possible lifting of U.S. sanctions on Iran's oil exports could deal a f...Reuters
Mon, May 19
First LNG ship bunkering hub in US Gulf Coast secures permits to start work
By Jonathan Saul LONDON, May 19 (Reuters) - A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.The global shipping in...Reuters
Mon, May 19
RPT-COLUMN-Copper's US tariff premium crushed by wave of imports: Andy Home
By Andy Home LONDON, May 16 (Reuters) - U.S. President Donald Trump's threatened tariff on copper imports has generated a mass relocation of physical metal, swamping the U.S. market and draining the rest of the world. Ever since the Trump administration announced a so-called Section 232 inves...Reuters
Mon, May 19
TECHNICALS-CBOT soybeans neutral in $10.47-3/4 to $10.59-3/4 range
For more technical analyses, please click SINGAPORE, May 19 (Reuters) - The CBOT soybean July contract SN25 looks neutral in a range of $10.47-3/4 to $10.59-3/4 per bushel and an escape could suggest a direction.A break above $10.59-3/4 could open the way toward $10.65 to $10.71-3/4 range. However, ...Reuters
Mon, May 19
PRESS DIGEST- New York Times business news - May 19
May 19 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories, and does not vouch for their accuracy.- A key House panel has advanced President Trump’s $3.8 trillion tax-and-spending bill after conservative Republicans, still pushin...Reuters
Mon, May 19
