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PRECIOUS-Gold slips to 2-week low as trade tensions ease; US payrolls data on tap
U.S. economy shrinks in first quarter of fiscal 2025Trump says he has "potential deals" with India, South Korea and JapanDollar up 0.4% against its peersBy Anushree Mukherjee May 1 (Reuters) - Gold eased to hit its lowest level in two weeks on Thursday as the dollar's strength and eas...Reuters
Thu, May 1
INEOS To Launch Europe's Offshore CO2 Carrier on May 14
May 1 (Reuters) - INEOS:SAYS FIRST EUROPEAN BUILT OFFSHORE CO₂ CARRIER TO BE CHRISTENED AND LAUNCHED ON MAY 14SAYS THE VESSEL IS SPECIFICALLY DESIGNED TO TRANSPORT LIQUEFIED CO₂ FROM ONSHORE CAPTURE SITES TO OFFSHORE STORAGE IN THE DANISH PART OF THE NORTH SEASAYS ONCE LAUNCHED AND OPERATIONAL, THE ...Reuters
Thu, May 1
METALS-London copper gains; firm dollar, soft US growth data cap rise
NEW DELHI, May 1 (Reuters) - London copper edged up on Thursday after U.S. President Donald Trump hinted at a potential trade deal with China, signalling a de-escalation with the top metals consumer, but a stronger dollar and weak U.S. growth data capped gains.Benchmark copper CMCU3 on the London Me...Reuters
Thu, May 1
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $57.89 per barrel, down from Wednesday’s close at $57.97.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $61.01 after its previous daily close at $61.05.
Fxstreet
Thu, May 1
RPT-COLUMN-Study Group expects weak demand to trump copper's supply stress: Andy Home
By Andy Home LONDON, April 30 (Reuters) - The copper market may need to rethink its bull narrative of constrained supply and worry more about weakening demand, judging by the latest forecasts from the International Copper Study Group (ICSG). The Group, which has just gathered in Lisbon for its la...Reuters
Thu, May 1
Mitsui CEO - We Will Be Able To Contribute Through Our Trading Function When Global Supply Chains Are Disrupted By Tariff War, Particularly In Energy And Chemical Sectors
May 1 (Reuters) - Mitsui & Co Ltd 8031.T:MITSUI CEO: FOR FY2025/26, WE HAVE MADE CONSERVATIVE FORECASTS FOR MACHINERY SECTOR, DUE TO ITS GLOBAL SUPPLY CHAIN, AND FOR AUTOMOBILE MARGINS IN NORTH AMERICA AMID TARIFF WARMITSUI CEO: NO COMMENT ON ALASKA LNG PROJECT, BUT WE WILL THOROUGHLY ANALYSE OV...Reuters
Thu, May 1
Meiji, Lactalis, Saputo, Warburg may bid in Fonterra's $2.4 billion sale, sources say
Fonterra hopes to wrap up a sale by mid-2025, sources say Company is still looking at the IPO process, sources sayFonterra shares up 8% this year, market value $4.3 billionBy Kane Wu, Scott Murdoch and Yantoultra Ngui HONG KONG/SYDNEY, May 1 (Reuters) - Companies including Japan's Meiji, Fren...Reuters
Thu, May 1
WTI declines below $58.00 on demand fears, Saudi Arabia's plans
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.80 during the Asian trading hours on Thursday. The WTI price remains on the defensive after posting its worst monthly drop since November 2021 amid the concerns over a global economic downturn and the signal from...Fxstreet
Thu, May 1
Indonesia plans 10 GW nuclear power in major renewable energy push, presidential aide says
Indonesia eyes 103 GW new power by 2040, president's aide saysContracts for renewable expansion expected in next 5 years Country will phase down use of fossil fuelsBy Stefanno Sulaiman JAKARTA, May 1 (Reuters) - Indonesia plans a major expansion in renewable energy by 2040, including the intr...Reuters
Thu, May 1
Alcoa's Q2 order book remains strong, CEO says
MELBOURNE, May 1 (Reuters) - Alcoa's AA.N order book for the second quarter remained strong and the company is yet to see a drop in orders related to the tariffs imposed by U.S. President Donald Trump, CEO William Oplinger said on Thursday.The aluminum producer said last month during its first-q...Reuters
Thu, May 1
Japan Mitsui's annual net profit down 15%, misses expectations
TOKYO, May 1 (Reuters) - Japanese trading house Mitsui 8031.T on Thursday posted a 900.3 billion yen ($6.3 billion) net profit for the year ended in March, 15.4% down from a year ago amid weaker performance in its liquefied natural gas trading and lower coking coal prices. An LSEG poll of analysts h...Reuters
Thu, May 1
S&P cuts Woodside's credit outlook to 'negative' after LNG investment decision
May 1 (Reuters) - S&P Global Ratings revised the credit outlook for Australia's Woodside WDS.AX to "negative" from "stable" on Thursday after the energy company reached a final investment decision of $17.5 billion on its Louisiana liquefied natural gas project.Woodside decidi...Reuters
Thu, May 1
Japan Mitsui's annual net profit down 15%, misses expectations
TOKYO, May 1 (Reuters) - Japanese trading house Mitsui 8031.T on Thursday posted a 900.3 billion yen ($6.3 billion) net profit for the year ended in March, 15.4% down from a year ago and missing analysts' expectations. An LSEG poll of analysts had expected Mitsui to post 913.6 billion yen in ann...Reuters
Thu, May 1
S&P cuts Australia's Woodside's credit outlook to negative post LNG investment decision
May 1 (Reuters) - S&P Global Ratings revised the credit outlook for Australia's Woodside WDS.AX to "negative" from "stable" on Thursday after the energy company reached a final investment decision of $17.5 billion on its Louisiana liquefied natural gas project.Woodside's ...Reuters
Thu, May 1
METALS-London copper edges higher; strong dollar, weak US economic data cap gains
NEW DELHI, May 1 (Reuters) - London copper edged up on Thursday following comments from U.S. President Donald Trump on a potential trade deal with China, signalling de-escalation with the top metals consumer but a stronger dollar and weak U.S. growth data capped gains.Benchmark copper CMCU3 on the L...Reuters
Thu, May 1
CORRECTED-Oil prices take breather after selloff on supply worries
By Arathy Somasekhar May 1 (Reuters) - Oil prices edged higher on Thursday, steadying slightly after sharp losses on the previous day driven by signs Saudi Arabia could produce more, and as the U.S. economy contracted in the first quarter. Brent crude futures LCOc1 rose 16 cents, or 0.3%, to $61...Reuters
Thu, May 1
US farm agency to require DOGE approval for some loans
Farm loans over $500,000 will need DOGE approval under new policyFarmers rely on loans for operational and land costsTrump staff cuts at farm agency have raised concerns about services to farmersBy Leah Douglas and P.J. Huffstutter WASHINGTON, April 30 (Reuters) - Farm loan employees at the U.S. ...Reuters
Thu, May 1
PRECIOUS-Gold retreats on firm dollar, US payrolls data on tap
May 1(Reuters) - Gold was subdued on Thursday on the dollar's strength, while investors awaited more clarity on trade policy between the U.S. and its trading partners, and looked forward to the U.S. non-farm payrolls report due this week.FUNDAMENTALS * Spot gold XAU= fell 0.7% to $3,265.45 an ou...Reuters
Thu, May 1
