News
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Electric utility Entergy eyes adding more nuclear power in U.S. South
By Laila KearneyNEW YORK, April 29 (Reuters) - U.S. electric utility Entergy ETR.N is looking to expand its nuclear power output by upgrading its existing plants across the U.S. South while it considers advanced nuclear technologies, company executives said on Tuesday.U.S. nuclear power, which is vi...Reuters
Tue, Apr 29
EU wheat stuck at lows as harvest optimism outweighs export hopes
April 29 - Euronext wheat edged down to new contract lows on Tuesday as favourable crop conditions in much of the Northern Hemisphere kept attention on ample supply and tempered talk of low prices stirring export demand for French wheat.September wheat BL2U5, the most active position on Euronext'...Reuters
Tue, Apr 29
US Cash Grains-Corn bids mixed, soy flat as planting progresses
CHICAGO, April 29 (Reuters) - Spot basis bids for corn were mixed while soybean basis bids were flat in the U.S. Midwest on Tuesday as selling remained slow and farmers remained focused on ongoing fieldwork, dealers said.Spot corn basis bids rose at an Ohio elevator and an Iowa ethanol plant and dec...Reuters
Tue, Apr 29
Europe Gasoline/Naphtha-Gasoline margins hold steady
LONDON, April 29 (Reuters) - Northwest European gasoline profit margins were broadly steady on Tuesday, holding near their highest since early August, even as Spanish refineries that were hit by a widespread power blackout began to return online. Trafigura and Litasco sold Eurobob E5 barges to BMV ...Reuters
Tue, Apr 29
EXPLAINER-What could be behind the Iberian power outage?
By Nina Chestney LONDON, April 29 (Reuters) - The hunt has begun for the cause of a massive blackout across Spain, Portugal and parts of France that halted trains, bank machines and traffic lights, in one of Europe's biggest ever power system collapses. CYBER ATTACK?Spanish grid operator ...Reuters
Tue, Apr 29
EU wheat stuck near lows as harvest optimism outweighs export hopes
April 29 - Euronext wheat hovered near contract lows on Tuesday as favourable crop conditions in much of the Northern Hemisphere kept attention on ample supply and tempered talk of low prices stirring export demand for French wheat.September wheat BL2U5, the most active position on Euronext's Pa...Reuters
Tue, Apr 29
Entergy eyes adding more nuclear power in U.S. South
NEW YORK, April 29 (Reuters) - U.S. electric utility Entergy ETR.N is looking to expand its nuclear power output by upgrading its existing plants, while it considers advanced nuclear technologies in its territory across the U.S. South, company executives said on Tuesday.U.S. nuclear power, which is...Reuters
Tue, Apr 29
METALS-China demand drives up copper prices ahead of national holiday
By Polina Devitt LONDON, April 29 (Reuters) - Copper prices rose on Tuesday due to high demand from top consumer China ahead of its May holiday, concerns about tight nearby regional supply, and a stronger yuan currency.Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was up 0...Reuters
Tue, Apr 29
US CDC cancels science group workshop on preventing human bird flu infections
National Academy of Sciences workshop would have trained on proper use of PPEJune workshop was canceled this week after CDC contract terminationBird flu has infected 70 people in the past yearBy Leah Douglas WASHINGTON, April 29 (Reuters) - The National Academy of Sciences has canceled a workshop...Reuters
Tue, Apr 29
House Republicans propose $15 billion for air traffic control, new $200 EV fee
By David Shepardson WASHINGTON, April 29 (Reuters) - U.S. House Republicans are proposing $15 billion in new funding for air traffic control reform and a new $200 fee on electric cars as part of wide-range tax reform bill under consideration.The House Transportation and Infrastructure Committee o...Reuters
Tue, Apr 29
Spain, Portugal switch back on, seek answers after biggest ever blackout
Electricity restored to most of Spain, PortugalAuthorities under pressure to explain Monday's blackoutSpanish schools reopen, public transport restartsPower outage was one of biggest ever seen in Europe MADRID, April 29 (Reuters) - Spain and Portugal switched their power back on after the wor...Reuters
Tue, Apr 29
Billionaire investor John Paulson sees gold near $5,000 by 2028
By Ernest Scheyder April 29 (Reuters) - Central bank gold buying and global trade tensions are likely to push bullion prices to near $5,000 an ounce by 2028, billionaire investor John Paulson said in an interview during which he reinforced his commitment to U.S. mining projectsThe price forecast ...Reuters
Tue, Apr 29
BP reports 48% profit drop as strategy chief leaves
Profit of $1.38 billion misses analysts' $1.53 billionShares down 3.2%CEO signals option for further spending cutsShare buybacks at bottom of guided rangeShares down 4% after resultsBy Shadia Nasralla LONDON, April 29 (Reuters) - BP BP.L on Tuesday reported a deeper-than-expected 48% drop in ...Reuters
Tue, Apr 29
EXCLUSIVE-China waives tariffs on US ethane imports, sources say
Tariff waiver eases pressure on Chinese petrochemical firmsChina's tariff waiver not publicly announced yetChina buys nearly half of US ethane exportsBy Siyi Liu, Florence Tan SINGAPORE, April 29 (Reuters) - China has waived the 125% tariff on ethane imports from the United States imposed ear...Reuters
Tue, Apr 29
US natgas prices edge up to 2-week high on decline in daily output
U.S. LNG export feedgas on track to hit record high in AprilU.S. gas output on track to hit record high in AprilU.S. gas storage about 1% below five-year averageBy Scott DiSavino April 29 (Reuters) - U.S. natural gas futures edged up about 1% to two-week high on Monday as a bullish drop in daily ...Reuters
Tue, Apr 29
S&P Global sees credit rating breathing room for trade war rivals US and China
Rating damage expected to be concentrated on strained countriesKnock-ons like lower commodity prices could cause downgradesAnalyst downplays markets pricing in huge US, China rating cutsBy Marc Jones LONDON, April 28 (Reuters) - The United States and China are unlikely to see a rapid hit to their...Reuters
Tue, Apr 29
Shipping volume will plummet 35% next week, LA port official says in CNBC interview
April 29 (Reuters) - The Los Angeles port is expecting a 35% drop in cargo from Asia next week, Gene Seroka, the port's executive director, said in a CNBC interview on Tuesday."It's a precipitous drop in volume with a number of major American retailers stopping all shipments from China b...Reuters
Tue, Apr 29
S&P Global sees credit rating breathing room for trade war rivals US and China
Rating damage expected to be concentrated on strained countriesKnock-ons like lower commodity prices could cause downgradesAnalyst downplays markets pricing in huge US, China rating cutsBy Marc Jones LONDON, April 28 (Reuters) - The United States and China are unlikely to see a rapid hit to their...Reuters
Tue, Apr 29
Battery industry says $100 billion in US investment contingent on Washington support
April 29 (Reuters) - Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington.The American Clean Power Association, a trade gro...Reuters
Tue, Apr 29
