News
Important Only
Oil prices heading for 1% weekly gain on U.S.-China trade detente
By Colleen Howe BEIJING, May 16 (Reuters) - Oil prices edged up on Friday following a sharp drop in the previous session, heading for a weekly gain of more than 1% as U.S.-China trade optimism outweighed the prospects of Iranian supply returning to the market.Brent crude LCOc1 futures rose 17 cen...Reuters
Fri, May 16
RPT-EXCLUSIVE-Shein to set up huge Vietnam warehouse in US tariff hedge, sources say
Fast-fashion giant to have first warehouse in VietnamIt is leasing facility near Ho Chi Minh City, sought more, sources sayChina's low-value shipments face US duties, Vietnam's remain duty-free for nowBy Francesco Guarascio and Casey Hall HANOI/SHANGHAI, May 15 (Reuters) - Fast-fashion on...Reuters
Fri, May 16
Syria and DP World ink $800 million deal for port development
CAIRO, May 16 (Reuters) - The Syrian government and DP World signed a memorandum of understanding (MoU) worth $800 million to develop Syria's port of Tartous, Syrian state news agency SANA said on Friday, after the lifting of U.S sanctions cleared the way for the deal. The deal to develop, manag...Reuters
Fri, May 16
Bayer seeks Roundup settlement, explores Monsanto bankruptcy, WSJ reports
May 15 (Reuters) - Bayer BAYGn.DE is preparing a plan to settle some of its mass lawsuits over Roundup weedkiller in Missouri, and may also seek bankruptcy for its Monsanto unit if the effort fails, the Wall Street Journal reported on Thursday, citing sources. The German pharmaceutical and biotechn...Reuters
Fri, May 16
Staff losses and low morale are derailing FEMA hurricane preparations, internal document says
Hurricane preparation 'has not been normal,' according to slide seen by ReutersFEMA head Richardson says agency is prepared for disasters in staff town hallRichardson says states will need to pay greater share of disaster response By Leah Douglas and Nathan Layne May 15 (Reuters) - The lo...Reuters
Thu, May 15
COLUMN-A peek at next year's US grain exports in five easy charts: Braun
By Karen Braun NAPERVILLE, Illinois, May 15 (Reuters) - The U.S. government’s first estimates for the upcoming season are still hot off the press, but industry analysts are already discussing the feasibility of the figures, especially as they pertain to U.S. exports.U.S. corn exports have been on...Reuters
Thu, May 15
CIF/FOB Gulf Grain-Corn barge bids steady, underpinned by exporter demand
CHICAGO, May 15 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals held steady on Thursday, underpinned by brisk exporter demand for the feed grain, while soybean barge bids ticked lower, traders said.CIF Gulf corn barges loaded in May were bid at 65 cents over Chicago B...Reuters
Thu, May 15
US Plains HRW Wheat-Spot basis bids flat as futures rise
CHICAGO, May 15 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady in a spot check of facilities around the southern U.S. Plains on Thursday as futures rose. CBOT July K.C. HRW wheat KWN25 futures closed higher, settling up 5-1/4 cents at $5.28-1/4 a bushel. The wheat yield pote...Reuters
Thu, May 15
Swath of Texas swelters in record-setting spring heat wave
By Steve GormanMay 15 (Reuters) - Large swaths of central and south Texas sweltered for a second day under a record-setting springtime heat wave on Thursday, as forecasters warned residents of the region to stay hydrated and limit strenuous outdoor activities.The National Weather Service posted heat...Reuters
Thu, May 15
Utility Vistra to buy natural gas assets for $1.9 billion to meet power demand
May 15 (Reuters) - Utility Vistra VST.N said on Thursday it would acquire seven natural gas generation facilities, with a combined capacity of nearly 2,600 megawatt, from Lotus Infrastructure Partners for $1.9 billion, as it looks to meet growing power demand. The U.S. Energy Information Administr...Reuters
Thu, May 15
Brazil food companies Marfrig and BRF to merge, says source
SAO PAULO, May 15 (Reuters) - Brazilian food companies Marfrig MRFG3.SA and BRF BRFS3.SA are expected to announce a merger involving a share swap this evening, a source briefed on the matter told Reuters on condition of anonymity because the deal has not been made public yet.The companies are eyeing...Reuters
Thu, May 15
CORRECTED-Cava beats quarterly revenue estimates on strong demand
May 15 (Reuters) - Cava Group CAVA.N beat estimates for first-quarter revenue on Thursday, helped by robust demand for its Mediterranean cuisine despite a broader slowdown in dining out across the United States.Cava also maintained its annual forecasts for same-store sales growth and margin at a tim...Reuters
Thu, May 15
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
May 15 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Thursday.WCS for June delivery in Hardisty, Alberta, settled at $9.25 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after havi...Reuters
Thu, May 15
LIVESTOCK-CME cattle futures retreat on technical selling
By Heather Schlitz CHICAGO, May 15 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures sank on Thursday on a technical retreat after shooting to contract highs earlier in the week, traders said.Futures prices have set all-time highs since Washington over the weekend adde...Reuters
Thu, May 15
Brazil's Marfrig to make offer for shares it does not already own in BRF, Bloomberg News reports
SAO PAULO, May 15 (Reuters) - Brazilian food producer Marfrig MRFG3.SA will make an offer to buy shares it does not already own in poultry and chicken processor BRF BRFS3.SA, Bloomberg News reported on Thursday, citing sources.The deal is expected to be announced this evening, according to Bloomberg...Reuters
Thu, May 15
US Cash Crude-Grades slip as traders see ample supplies
May 15 (Reuters) - Grades broadly fell on Thursday, dealers said, as investors weighed ample global supplies, and the potential for more barrels to enter the market pending a U.S. nuclear deal with Iran. World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and ...Reuters
Thu, May 15
Third Point LLC Dissolves Share Stake In Meta, Thermo Fisher Scientific & Cuts Share Stake In Microsoft
May 15 (Reuters) - THIRD POINT LLC:THIRD POINT LLC DISSOLVES SHARE STAKE IN META PLATFORMS INC - SEC FILINGTHIRD POINT LLC REPORTS SHARE STAKE OF 3.8 MILLION SHARES IN AT&T INCTHIRD POINT LLC CUTS SHARE STAKE IN MICROSOFT CORP BY 47.5% TO 315,000 SHARESTHIRD POINT LLC DISSOLVES SHARE STAKE IN TH...Reuters
Thu, May 15
Soros Fund Management Dissolves Share Stake In Boeing Co, Raises Share Stake In Goldman Sachs
May 15 (Reuters) - Soros Fund Management: SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN BOEING COSOROS FUND MANAGEMENT RAISES SHARE STAKE IN FEDEX TO 111,000 SHARESSOROS FUND MANAGEMENT RAISES SHARE STAKE IN GOLDMAN SACHS TO 121,000 SHARESSOROS FUND MANAGEMENT RAISES SHARE STAKE IN NIKE BY 40% TO 2...Reuters
Thu, May 15
