News
Important Only
Outokumpu says uncertainty caused by Trump's tariffs to hit operations in Q2
Expects geopolitical uncertainties to impact Q2 resultsUS customers favouring locally produced steel-CFODemand in Europe remains subduedShares down 4.5%By Jagoda Darlak May 8 (Reuters) - Stainless steel maker Outokumpu OUT1V.HE expects global uncertainties related to U.S. President Donald Trump&#...Reuters
Thu, May 8
Gold falls as Trump signals potential trade deal with Britain
May 8 (Reuters) - Gold prices fell on Thursday, reversing earlier gains, as U.S. President Donald Trump hinted at a potential trade deal with Britain, easing trade tensions and reducing the precious metal's appeal as a safe-haven investment.
Reuters
Thu, May 8
RPT-COLUMN-Iron ore tells a different story to the China tariff pain narrative: Russell
By Clyde Russell LAUNCESTON, Australia, May 8 (Reuters) - Concern is mounting over just how big a hit the Chinese economy is going to take from the massive tariffs imposed by the United States, but so far the commodity most at risk is seemingly unaffected.Iron ore is the major commodity most expo...Reuters
Thu, May 8
EU sets out 95 bln euro countermeasures to U.S. tariffs
By Philip Blenkinsop BRUSSELS, May 8 (Reuters) - The European Commission proposed on Thursday countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump.The new measures, re...Reuters
Thu, May 8
Eiopa: US exit from Paris Agreement raises nat cat insurability issues
By Rebecca DelaneyMay 8 - (The Insurer) - The withdrawal of the U.S. from climate-related multilateral agreements may increase insurability challenges for the industry as losses from climate-driven natural catastrophes increase over the next 12 months, the European Insurance and Occupational Pension...Reuters
Thu, May 8
GRAINS-Soybeans, wheat, corn rise on trade war de-escalation hopes
By Michael Hogan HAMBURG, May 8 (Reuters) - Chicago soybeans, wheat and corn rose on Thursday as U.S. President Donald Trump was expected to announce a trade deal with Britain which along with upcoming U.S.-China talks in Switzerland could reduce trade tensions disrupting U.S. grains and oils...Reuters
Thu, May 8
Ukraine's parliament ratifies minerals deal with US, hopes for more arms
Ukraine's parliament votes 338 in favour of the dealKyiv hopes it will unlock new U.S. weapons deliveriesVote comes a day before Putin's military paradeBy Elizabeth Piper and Yuliia Dysa KYIV, May 8 (Reuters) - Ukraine's parliament voted on Thursday in favour of ratifying a minerals d...Reuters
Thu, May 8
Ukraine ratifies strategic minerals deal with US
May 8 (Reuters) - The Ukrainian parliament ratified a milestone minerals deal with the United States on Thursday, lawmakers said. A total of 338 parliamentarians voted in favor of ratification, and no one voted against, said Oleksandr Merezhko, head of the Ukrainian parliament's foreign affairs ...Reuters
Thu, May 8
Exclusive: Beazley embraces parametric nat cat with $50 million line sizes for SRS Altitude
By Henry GaleApril 30 - (The Insurer) - Strategic Risk Solutions' alternative risk transfer MGU Altitude is offering line sizes of up to $50 million for parametric tropical cyclone and earthquake risks with capacity from Beazley in a deal brokered by Augment Risk, parametric market sources told ...Reuters
Thu, May 8
China resumes Brazilian soy imports from 5 suspended firms ahead of Lula visit, source says
China resumes Brazilian soy imports from five firmsSuspensions were due to phytosanitary issuesMove comes ahead of Lula's state visitBy Laurie Chen and Ella Cao BEIJING, May 8 (Reuters) - China, the world's largest soybean buyer, has resumed Brazilian soybean shipments from five firms pre...Reuters
Thu, May 8
EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
U.S. sanctioned Luqing, Shengxing refiners over Iranian oilKey port operator rejects shipments to those refiners, sources saySanctions create hurdles for finance and sales, sources sayMeasures deter other 'teapots' from buying Iran oil, sources say By Siyi Liu, Trixie Yap and Chen Aizhu S...Reuters
Thu, May 8
Japan's JFE to boost overseas investments, but suspend blast furnace
Plans to suspend a blast furnace at Fukuyama in FY2027/28Local output capacity to fall to 21 mln T from 26 mln T in 3 yearsInvestment include acquisition of raw material interestsBy Katya Golubkova and Yuka ObayashiTOKYO, May 8 (Reuters) - JFE Holdings 5411.T, parent of Japan's second-biggest st...Reuters
Thu, May 8
Restaurant Brands misses quarterly revenue estimates
May 8 (Reuters) - Restaurant Brands QSR.N QSR.TO missed first-quarter revenue estimates on Thursday, hurt by weaker demand at its restaurant chains such as Burger King against the backdrop of tariff-related uncertainty.The company reported quarterly revenue of $2.11 billion, compared with analysts&#...Reuters
Thu, May 8
Canada's Cenovus Energy posts lower first-quarter profit
May 8 (Reuters) - Canadian oil and gas producer Cenovus Energy CVE.TO on Thursday posted a fall in first-quarter profit, amid market volatility.The Calgary, Alberta-based company's net income fell to C$859 million ($618.79 million), or 47 Canadian cents per share, in the three months ended March...Reuters
Thu, May 8
Cheniere Energy's first-quarter LNG revenue climbs on higher demand
May 8 (Reuters) - U.S. liquefied natural gas exporter Cheniere Energy LNG.N reported higher first-quarter LNG revenue on Thursday, helped by higher demand for the superchilled fuel.The company reported LNG revenue of $5.31 billion for the three months ended March, compared with $4.04 billion a year ...Reuters
Thu, May 8
U.S. exports of natural gas liquids touch record high in April
By Arathy Somasekhar and Georgina McCartney HOUSTON, May 8 (Reuters) - U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed.The recent trade developments have threatened U.S. ex...Reuters
Thu, May 8
Choppy session for oil – ING
It was a choppy session for the oil market yesterday. Initially, Brent rallied amid growing hopes of de-escalation in trade tensions between China and the US, with talks set to start this weekend, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Thu, May 8
Hurricanes Helene and Milton highlighted deficiencies in some parametric covers: WTW
By Henry GaleMay 6 - (The Insurer) - Hurricanes Helene and Milton in 2024 highlighted deficiencies in some parametric programs, WTW said in the spring update of its Marketplace Realities report.The broker said some programs using a single-peril cat-in-a-circle structure, one of several types of para...Reuters
Thu, May 8
