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CORRECTED-Olympics-Long Beach Olympics? LA Games to put spotlight on vibrant coastal city
By Rory CarrollLONG BEACH, California, May 5 (Reuters) - The Los Angeles Olympics in 2028 are set to showcase Long Beach, the vibrant coastal city in southeastern Los Angeles County with a rich sports and cultural history, that will host 11 events. Beach volleyball, water polo, sailing and sport cli...Reuters
Mon, May 5
Gold price surges above $3,300 as US Dollar sinks, traders eye Fed meeting
Gold (XAU/USD) prices jumped over 2%, or more than $70, on Monday as the Greenback was battered, although positive economic data from the United States (US) suggests the economy remains solid. XAU/USD trades at $3,309 after bouncing off daily lows of $3,237.
Fxstreet
Mon, May 5
Democratic-led states sue to block Trump's halting of wind projects
Suit led by New York accuses Trump of exceeding his powerTrump signed a January memorandum targeting wind industryBy Nate Raymond BOSTON, May 5 (Reuters) - A coalition of Democratic state attorneys general sued on Monday in a bid to block President Donald Trump's move to suspend leasing and p...Reuters
Mon, May 5
US Cash Grains-Corn bids higher as futures ease
CHICAGO, May 5 (Reuters) - Spot basis bids for corn were up at ethanol plants in the U.S. Midwest on Monday with dealers trying to spur selling from farmers who have been busy with spring planting.The corn basis rose at ethanol plants in Union City, Indiana and Council Bluffs, Iowa. The soy basis fe...Reuters
Mon, May 5
Active fire at Valero Benicia, California refinery, fire department reports
May 5 (Reuters) - The Benicia Fire Department said in a Facebook post on Monday that units are currently responding to an active fire at Valero’s Benicia refinery in California.The refinery has a capacity of 145,000 barrels per day.Reuters
Mon, May 5
Commonwealth LNG signs 20-year supply deal with major Asian buyer
May 5 (Reuters) - U.S. energy firm Commonwealth LNG said on Monday it signed a Sale and Purchase Agreement with a major Asian energy company.Under the 20-year agreement, Commonwealth said the buyer will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas from Commonwealth's plann...Reuters
Mon, May 5
Bessent says Trump tariff, tax, deregulation policies can achieve 3% growth in a year
WASHINGTON, May 5 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Monday that he believes that President Donald Trump's tariff, tax cut and deregulation policies can get U.S. growth back to 3% by this time next year, which would help bring down U.S. budget deficits to their long-term a...Reuters
Mon, May 5
Anglo American Says Moranbah North Stoppage Doesn't Constitute Material Adverse Change Under Deals With Peabody
May 5 (Reuters) - Anglo American PLC AAL.L:JSE: AGL - ANGLO AMERICAN UPDATE ON SALE OF STEELMAKING COAL BUSINESS TO PEABODYANGLO AMERICAN PLC - TO WORK WITH PEABODY TO COMPLETE TRANSACTIONANGLO AMERICAN- DOES NOT BELIEVE STOPPAGE AT MORANBAH NORTH CONSTITUTES MATERIAL ADVERSE CHANGE IN ACCORDANCE WI...Reuters
Mon, May 5
GRAINS-Soybeans fall as traders await US-China trade talks
Soybean traders await news of US-China trade talksPositive US crop condition, planting report expectedBy Heather Schlitz CHICAGO, May 5 (Reuters) - Chicago soybean futures fell on Monday as traders awaited updates on possible U.S.-China trade talks amid mounting competition from Brazil, traders s...Reuters
Mon, May 5
Power Up: OPEC+ rolls out the barrels
May 5 - By Liz HamptonU.S. energy markets editor Hello Power Up readers! Oil futures are down more than 1% today after the Organization of the Petroleum Exporting Countries and allies decided to speed up oil output hikes. This comes after Brent shed more than 8% last week, and U.S. We...Reuters
Mon, May 5
FACTBOX-Trump's tariffs and threatened trade actions
May 5 (Reuters) - President Donald Trump said on Sunday that his top priority was to secure a fair trade deal with China, after the fallout from his chaotic tariff policy shook consumer and business sentiment globally and led to a first-quarter U.S. economic contraction. Signs of a de-esc...Reuters
Mon, May 5
Democratic-led states sue to block Trump's halting of wind projects
BOSTON, May 5 (Reuters) - A coalition of Democratic state attorneys general sued on Monday over President Donald Trump's decision to suspend leasing and permitting of new wind projects, saying it threatens to cripple the wind industry and a key source of clean energy.Seventeen states and the Dis...Reuters
Mon, May 5
Commonwealth LNG signs 20-year supply deal with major Asian buyer
May 5 (Reuters) - Commonwealth LNG announced on Monday that it has signed a Sale and Purchase Agreement with a major Asian energy company.Under the 20-year agreement, the buyer will purchase 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Commonwealth's planned 9.5 mtpa fac...Reuters
Mon, May 5
Congo and Rwanda submit draft peace proposal, Trump adviser says
KINSHASA, May 5 (Reuters) - Congo and Rwanda have submitted a draft peace proposal as part of a process meant to end fighting in eastern Congo and attract billions of dollars of Western investment, U.S. President Donald Trump's senior adviser for Africa said on Monday.It is the latest step in an...Reuters
Mon, May 5
Saudi Arabia reports first-quarter budget deficit of $15.65 billion
May 5 (Reuters) - Saudi Arabia's budget deficit widened significantly to $15.65 billion in the first quarter of 2025 from $3.30 billion a year before as oil revenues fell 18% to 149.810 billion riyals ($39.95 billion), its finance ministry said on Monday. The world's top oil exporter and ...Reuters
Mon, May 5
Peabody may exit Anglo American's assets deal over damaged coal mine
May 5 (Reuters) - Peabody Energy BTU.N said on Monday if issues involving Anglo American's AAL.L Moranbah North mine were not resolved to its satisfaction, it may elect to terminate its pending deal to acquire some of the British mining company's Australian steelmaking coal assets.Peabody...Reuters
Mon, May 5
US Gulf oil output to reach 2.4 mln bpd even amid volatility, industry leaders say
By Marianna Parraga and Sheila DangHOUSTON, May 5 (Reuters) - The U.S. Gulf of Mexico can continue growing oil output to 2.4 million barrels per day (bpd) from the current production level of 1.8 million bpd, even amid volatility not seen in decades, as the administration of U.S. President Donald Tr...Reuters
Mon, May 5
Silver Price Forecast: XAG/USD surges to near $32.60 as US Dollar weakens, Fed policy in focus
Silver price (XAG/USD) rallies to near $32.60 during North American trading hours on Monday. The white metal strengthens as the US Dollar (USD) slumps at the start of the week, with the Federal Reserve’s (Fed) monetary policy meeting in focus.
Fxstreet
Mon, May 5
Copersucar revenue to grow by $1.5 billion after Eco-Energy deal with Green Plains
SAO PAULO, May 5 (Reuters) - Brazilian company Copersucar's annual revenue will grow by $1.5 billion after its majority-held subsidiary Eco-Energy reached a deal to sell and distribute ethanol produced at Green Plains' GPRE.O plants in the United States, Copersucar said on Monday.As part of ...Reuters
Mon, May 5
