News
Important Only
METALS-Most London metals down on caution ahead of US-China trade talks
SHANGHAI, May 7 (Reuters) - Prices of most metals in London were down on Wednesday as investors' caution about the outcome of an upcoming meeting between key U.S. and Chinese trade officials outweighed optimism about Beijing's economic stimulus efforts.Benchmark copper CMCU3 on the London Me...Reuters
Wed, May 7
Orsted cancels major UK wind project as economics worsen
COPENHAGEN, May 7 (Reuters) - Orsted ORSTED.CO will abandon a major offshore wind farm project in Britain, it said on Wednesday, citing a deteriorating global business environment for developing renewable energy.Orsted's market value has fallen by around 80% from its 2021 peak as costs have ris...Reuters
Wed, May 7
TABLE-UAE's Fujairah oil inventory data for week ended May 5
May 7 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended May 5, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from the...Reuters
Wed, May 7
New carbon credit scheme targets 60 plants by 2030 for coal phaseout
Formal guidelines issued for use of carbon finance to shut coal-fired power Plan could mobilise $110 billion in finance, Rockefeller Foundation says SLTEC plant in Philippines first in line to adopt carbon credit scheme By David StanwaySINGAPORE, May 7 (Reuters) - The Rockefeller Foundation aims to ...Reuters
Wed, May 7
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $973.20 a troy ounce, with the XPD/USD pair easing from its previous close at $978.15.Fxstreet
Wed, May 7
BMW expects 'notable' impact from tariffs in Q2, CFO says
FRANKFURT, May 7 (Reuters) - BMW BMWG.DE expects auto import tariffs that came into effect in early March to have a "notable" impact on second-quarter results, its finance chief Walter Mertl said, even as the premium carmaker confirmed its 2025 outlook."The geopolitical and macroeconomic...Reuters
Wed, May 7
Orsted Q1 Adj. EBITDA DKK 8,567 Million, Above Estimates
May 7 (Reuters) - Oersted A/S ORSTED.CO:Q1 ADJUSTED. EBITDA DKK 8,567 MILLION VERSUS DKK 7,488 MILLION YEAR AGO (ESTIMATE DKK 8,085MILLION)Q1 FCF NEGATIVE DKK 10,178 MILLION VERSUS NEGATIVE DKK 4,752 MILLION YEAR AGOIN OUR US OFFSHORE PORTFOLIO, CONSTRUCTION OF OUR NORTHEAST PROGRAMME IS PROGRESSING...Reuters
Wed, May 7
TECHNICALS-CBOT soybeans may climb to $10.61-1/2
For more technical analyses, please click SINGAPORE, May 7 (Reuters) - The CBOT soybean July contract SN25 may climb to $10.61-1/2 per bushel, as suggested by a retracement analysis.The contract has more or less broken resistance at $10.55-1/2. A retracement analysis on the uptrend from $9.85-3/4 r...Reuters
Wed, May 7
Veolia Signs $750 Million Worth Of Contracts In Energy And Semiconductor Industries
May 7 (Reuters) - Veolia Environnement SA VIE.PA:IN Q1 SIGNED $750 MILLION WORTH OF CONTRACTS IN WATER TECHNOLOGIES FOR ENERGY AND SEMICONDUCTORS$550 MILLION CONTRAT FOR WATER MANAGEMENT IN SEMICONDUCTOR INDUSTRY IN U.S.$34 MILLION CONTRAT IN BIOMETHANE PRODUCTION FROM WASTEWATER IN SAN FRANCISCOTHR...Reuters
Wed, May 7
Aster to acquire Chevron Phillips Singapore Chemicals
SINGAPORE, May 7 (Reuters) - Aster Chemicals and Energy will acquire Chevron Phillips Singapore Chemicals through its affiliate Chandra Asri Capital, the companies said on Wednesday. They did not provide details on the value of the deal. Chevron Phillips Singapore Chemicals currently operates a 400,...Reuters
Wed, May 7
COLUMN-Global energy product exports slow as trade worries mount: Maguire
By Gavin MaguireLITTLETON, Colorado, May 7 (Reuters) - Shipments of most widely-traded energy products are slowing in sync with the global economy, which has been stunned by the tough new tariffs imposed by U.S. President Donald Trump so far this year. Exports of crude oil, gasoline, diesel and ther...Reuters
Wed, May 7
RPT-COLUMN-After Ukraine deal, US turns its critical minerals gaze to Africa: Andy Home
By Andy Home LONDON, May 6 (Reuters) - Away from the headlines around the minerals deal with Ukraine, the United States has pursued a potentially even more significant critical metals deal in the Great Lakes region of Africa. The government of the Democratic Republic of Congo reached out to the D...Reuters
Wed, May 7
PRESS DIGEST-British Business - May 7
May 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Tesla TSLA.O sold just over 500 vehicles in Britain in April, a drop of more than 50% from the previous month, as U...Reuters
Wed, May 7
GRAINS-Chicago soy, corn and wheat futures gain on China-US trade optimism
By Ella Cao and Lewis Jackson BEIJING, May 7 (Reuters) - Chicago soybean and grain futures climbed on Wednesday, lifted by news of an upcoming meeting between the U.S. and Chinese officials in Switzerland that boosted hopes for easing trade tensions.U.S. Treasury Secretary Scott Bessent and chief...Reuters
Wed, May 7
China to impose anti-dumping measures on cypermethrin from India
BEIJING, May 7 (Reuters) - China's commerce ministry on Wednesday said it would impose anti-dumping duties ranging from 48.4% to 166.2% on cypermethrin originating from India for a period of five years effective immediately.The move follows an investigation that found the domestic industry had s...Reuters
Wed, May 7
