News
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Brazil's JBS defends dual listing proposal following criticism, shares fall
Shareholders to vote on dual listing this monthAdvisory firm says plan could weaken minority shareholder rightsCFO says company needs strong controlling shareholderShares fall 6% following call with analystsBy Ana Mano SAO PAULO, May 14 (Reuters) - Brazilian meatpacker JBS SA JBSS3.SA defended th...Reuters
Wed, May 14
US distillate fuel stocks fell last week to two-decade low, EIA says
NEW YORK, May 14 (Reuters) - Total U.S. distillate fuel oil stocks, which include diesel and heating oil, fell by about 3.2 million barrels last week to 103.6 million barrels, the lowest since April 2005, data from the U.S. Energy Information Administration showed on Wednesday.Distillate fuel stocks...Reuters
Wed, May 14
Ukraine finance minister says country strong despite 'financial gap'
By Libby George and Karin Strohecker LONDON, May 14 (Reuters) - Ukrainian Finance Minister Serhii Marchenko said there is a "financial gap" in the country's budget for next year, but that Ukraine is stronger than it was a year ago and capable of continuing to defend itself. Marchenko ...Reuters
Wed, May 14
Climate campaigners hit Biba conference for third year running
By Rebecca DelaneyMay 14 - (The Insurer) - Environmental activists have targeted the annual conference of the British Insurance Brokers' Association (Biba) for a third consecutive year, with calls for the industry to abandon any involvement in providing insurance to fossil fuel infrastructure.Th...Reuters
Wed, May 14
EXCLUSIVE-TenneT in talks with funds to sell up to $13 billion stake in German unit, sources say
Non-binding bids due mid-June, sources sayApollo, Macquarie, GIP among interested parties, sources sayTenneT Germany has 27.8 billion euros regulated asset base, presentation showsBy Christoph Steitz, Andres Gonzalez and Emma-Victoria Farr FRANKFURT/LONDON, May 14 (Reuters) - State-owned Dutch po...Reuters
Wed, May 14
US farm agency staff warn Congress of food safety risks, political interference
Budget cuts and staff losses have weakened USDA, staff sayOne research agency has lost nearly 60% of food safety scientistsMore than 15,000 employees have left USDA since JanuaryBy Leah Douglas WASHINGTON, May 13 (Reuters) - Unions representing staff in the U.S. Department of Agriculture's re...Reuters
Wed, May 14
REFILE-MP Materials, Maaden to jointly develop rare earths supply chain in Saudi
May 14 (Reuters) - U.S. rare earths miner MP Materials MP.N said on Wednesday it has signed a memorandum of understanding with Saudi Arabia's flagship mining company Maaden to jointly develop a rare earth supply chain in the Middle Eastern country.WHY IT'S IMPORTANT The agreement was signed ...Reuters
Wed, May 14
Silver Price Forecast: XAG/USD plummets to near $32 as its safe-haven demand fizzles out
Silver price (XAG/USD) is down over 1% to near $32.15 during North American trading hours on Wednesday. The white metal faces a sharp selling pressure as demand for safe-haven assets has fizzled out, with the United States (US) and China aiming to avert a more than a month-long trade war.
Fxstreet
Wed, May 14
Beazley eyes alternative fuels opportunity as maritime sector continues decarbonisation push
By Rebecca DelaneyMay 9 - (The Insurer) – Beazley is eyeing a lead position in the future market for underwriting alternative fuels as part of the decarbonisation trajectory of the maritime industry, although this currently remains an emerging underwriting risk.Kelly Malynn, ESG strategic leader in ...Reuters
Wed, May 14
US health department to reverse federal layoffs of coal safety workers, senator says
Over 100 federal employees at NIOSH reinstated permanentlyReinstatements include workers from coal mine health surveillance unitMost NIOSH planned layoffs to proceed despite reinstatementsBy Valerie Volcovici WASHINGTON, May 13 (Reuters) - Over 100 federal employees who screen coal miners for bla...Reuters
Wed, May 14
INSIGHT-Rogue communication devices found in Chinese solar power inverters
Rogue communication devices found in Chinese solar invertersUndocumented cellular radios also found in Chinese batteries U.S. says continually assesses risk with emerging technologyU.S. working to integrate 'trusted equipment' into the gridBy Sarah McFarlane LONDON, May 14 (Reuters) - U.S...Reuters
Wed, May 14
EU ready to take slow road in US trade talks in pursuit of bigger deal
US says European Union moving 'much slower' than some othersEU officials say won't accept unfair deal to secure quick winEU wants a comprehensive trade agreement By Philip Blenkinsop and Jan Strupczewski BRUSSELS, May 14 (Reuters) - When U.S. Treasury Secretary Scott Bessent this week...Reuters
Wed, May 14
TABLE-US generated fewer renewable blending credits in April, EPA says
NEW YORK, May 14 (Reuters) - The United States generated fewer renewable blending credits in April versus the prior month, data from the Environmental Protection Agency showed on Wednesday.About 1.16 billion ethanol (D6) blending credits were generated in April, compared with about 1.21 billion in M...Reuters
Wed, May 14
US generated fewer renewable blending credits in April, EPA says
NEW YORK, May 14 (Reuters) - The United States generated fewer renewable blending credits in April versus the prior month, data from the Environmental Protection Agency showed on Wednesday.About 1.16 billion ethanol (D6) blending credits were generated in April, compared with about 1.21 billion in M...Reuters
Wed, May 14
CBOT Trends-Wheat steady-down 4 cents, corn mixed, soybeans steady-up 3
CHICAGO, May 14 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Steady to down 4 cents per bushel* CBOT wheat futures fell as a sharp improvement in U.S. crop condi...Reuters
Wed, May 14
US natural gas prices slide 3% to one-week low on lower demand forecasts
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 14 (Reuters) - U.S. natural gas futures slid about 3% to a one-week low on Wednesday on a smaller-than-expected output decline this week and forec...Reuters
Wed, May 14
Gold Price Forecast: XAU/USD breaks support as market looks for next catalyst
Gold prices remain under pressure as investors reassess the interest rate outlook and digest mixed signals from recent US economic data. At the time of writing, XAU/USD is down 2.23% on the day, trading below $3,200, extending a week-to-date decline of 4.26%.
Fxstreet
Wed, May 14
