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Japan's Mitsubishi annual profit down 1%, misses forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Mitsubishi Corp 8058.T on Friday posted 950.7 billion yen ($6.54 billion) in net profit for the year ended in March, down 1.4% from a year ago and slightly missing forecasts.An LSEG poll of analysts had expected Mitsubishi to post 957.1 billion yen in ...Reuters
Fri, May 2
METALS-Copper heads for weekly gain on hopes of US-China trade talks
May 2 (Reuters) - Copper prices rose on Friday and headed for modest weekly gains, as potential U.S. tariff talks with top consumer China eased trade concerns.Three-month copper on the London Metal Exchange CMCU3 was up 2% to $9,389 per metric ton, as of 0438 GMT. It has gained 0.1% this week."C...Reuters
Fri, May 2
Japan's Itochu annual profit rises 10%, slightly misses forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Itochu 8001.T on Friday posted 880.3 billion yen ($6 billion) in net profit for the year ended in March, up 10% from a year ago and slightly missing forecasts.A LSEG poll of analysts had expected Itochu to post 887 billion yen in net profit. The compan...Reuters
Fri, May 2
GRAINS-Soybeans rise for second session, US-China trade war caps gains
Soybeans set to end the week lower on demand worriesWheat rises, but faces weekly decline on improved weatherBy Naveen Thukral SINGAPORE, May 2 (Reuters) - Chicago soybeans gained on Friday, with bargain-buying supporting prices, but the market was on track to end the week lower amid challenges a...Reuters
Fri, May 2
PRESS DIGEST- Financial Times - May 2
May 2 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Europe ready to make Trump a 50 billion euros trade offer, says EU negotiator- Activist investor's play for Upper Crust owner sets s...Reuters
Fri, May 2
Marubeni Ceo: Not Expecting Significant And Immediate Negative Impact On Our Businesses From Us Tariffs
May 2 (Reuters) - Marubeni Corp 8002.T:MARUBENI CEO: NOT EXPECTING SIGNIFICANT AND IMMEDIATE NEGATIVE IMPACT ON OUR BUSINESSES FROM US TARIFFSMARUBENI CEO: NEGATIVE IMPACT ON OUR GRAIN TRADE OPERATIONS FROM US-CHINA TRADE WAR IS EXPECTED TO BE LIMITEDMARUBENI CEO: MAY SEE POSITIVE IMPACTS FROM TRA...Reuters
Fri, May 2
Japan's Marubeni annual net profit up 7%, beats forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Marubeni 8002.T on Friday posted a 7% increase in net profit for the year ended in March at 503 billion yen ($3.5 billion), its second biggest ever and beating forecasts. A LSEG poll of analysts had forecast Marubeni's fiscal year net profit a...Reuters
Fri, May 2
RUBBER-Japan futures set for weekly gains as tariff concerns ease
SINGAPORE, May 2 (Reuters) - Japanese rubber futures ticked up for a fourth straight session on Friday, and were set for weekly gains on a weaker yen and signs of progress in Washington's trade talks with Japan and top consumer China. The Osaka Exchange (OSE) rubber contract for October delive...Reuters
Fri, May 2
Japan's Marubeni annual net profit up 7%, beats forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Marubeni 8002.T on Friday posted 503 billion yen ($3.5 billion) in net profit for the year ended in March, up 7% from a year ago and beating forecasts. A LSEG poll of analysts had forecast Marubeni's fiscal year net profit at 498 billion yen. ...Reuters
Fri, May 2
Oil prices rise as China says it's open for trade talks with US
Oil prices pulled ahead in early Asian hours on Friday after China said its door is open for talks with the United States, raising hopes of a de-escalation in a bitter trade war between the world's two largest economies.Reuters
Fri, May 2
PRECIOUS-Gold set for worst week in more than 2 months; US jobs data eyed
May 2 (Reuters) - Gold prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered safe-haven demand, while the market's focus shifted to the U.S. non-farm payrolls report, due later in the day.FUNDAMENTALS* Spot gold XAU= was stead...Reuters
Fri, May 2
GRAINS-Soybeans rise for second session, US-China trade war caps gains
SINGAPORE, May 2 (Reuters) - Chicago soybeans gained on Friday, with bargain-buying supporting prices, but the market was on track to end the week lower amid challenges arising from the U.S.-China trade war.Wheat ticked higher, while corn was largely unchanged, with both markets set for second weekl...Reuters
Fri, May 2
COLUMN-Chicago corn still chasing 50-year streak as prices stagnate: Braun
By Karen Braun NAPERVILLE, Illinois, May 1 (Reuters) - U.S. farmers are now in the thick of corn-planting, a period usually filled with anticipation for the upcoming harvest potential.But the markets may not be bringing much joy to producers given that new-crop Chicago corn futures started May on...Reuters
Thu, May 1
CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows; remains historically tight
May 1 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Thursday, continuing a trend of what has been historically tight levels this spring.WCS for June delivery in Hardisty, Alberta, settled at ...Reuters
Thu, May 1
CIF/FOB Gulf Grain-Corn barge bids inch higher, soybean bids ease
CHICAGO, May 1 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals firmed, and soybeans eased on Thursday, as freight costs steadied and buyers turned their focus to South America, traders said.The United States is facing fierce competition for global soybean sales from S...Reuters
Thu, May 1
US Commerce Department launches steel and aluminum 'inclusions process'
WASHINGTON, May 1 (Reuters) - The U.S. Commerce Department said on Thursday it had commenced a new process to allow U.S. manufacturers and trade associations to request the inclusion of derivative aluminum and steel articles under Section 232 steel and aluminum tariffs.The inclusion process, issued ...Reuters
Thu, May 1
US Cash Crude-Grades mixed as investors weigh supply tightness
May 1 (Reuters) - U.S. cash crude grades were mixed on Thursday, dealers said, as investors weighed supply tightness and demand woes.WTI Midland WTC-WTM eased 10 cents, while Mars Sour gained 20 cents.U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop a...Reuters
Thu, May 1
Venture Global raises $3 billion towards building CP2 Louisiana LNG plant
By Curtis WilliamsHOUSTON, May 1 (Reuters) - Venture Global VG.N has raised $3 billion in debt finance towards the construction of its CP2 LNG plant in Louisiana, which would be the largest single liquefied natural gas plant in the U.S., the company said on Thursday.Venture Global is the U.S.' s...Reuters
Thu, May 1
