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Biofuel maker Neste expects limited impact from tariffs, but supply glut still weighs
April 29 (Reuters) - Finnish biofuel maker and oil refiner Neste NESTE.HE expects U.S. tariffs will have only a limited direct impact on its business, it said on Tuesday, but warned of continuous oversupply in renewable fuel and market volatility. "We expect the European policymakers to safe...Reuters
Tue, Apr 29
AstraZeneca says potential US tariffs manageable, faces another China fine
First-quarter revenue misses analyst expectationsReiterates 2025 forecasts, says impact of tariffs manageableAstraZeneca shares fall over 5% before paring lossesBy Maggie Fick and Pushkala Aripaka April 29 (Reuters) - AstraZeneca AZN.L expects only limited impact from potential U.S. tariffs on ph...Reuters
Tue, Apr 29
Silver Price Forecast: XAG/USD rises to near $33.30, capitalizes on US-China trade uncertainty
Silver price (XAG/USD) trades higher to near $33.30 during European trading hours on Tuesday. The white metal gains as investors start doubting whether de-escalation in the trade war between the United States (US) and China is underway.
Fxstreet
Tue, Apr 29
UAE'S ADNOC to supply US LPG to India following China-US tariffs, sources say
By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, April 29 (Reuters) - Abu Dhabi National Oil Company (ADNOC) will start replacing some of the liquefied petroleum gas it supplies to India with cheaper U.S. cargoes from June, industry sources said, as U.S.-China tariffs rejig global trade flows.The...Reuters
Tue, Apr 29
Burkina Faso to nationalise more industrial mines, PM says
April 29 (Reuters) - Burkina Faso plans to take control of more foreign-owned industrial mines, its prime minister said, as the West African nation seeks a bigger share of revenue from its resources. Like neighbours Mali and Niger, Burkina Faso is pushing for greater control over its resources and...Reuters
Tue, Apr 29
Porsche slashes outlook as US tariffs, China slump dim prospects
Q1 profit margin falls to 8.6% from 14.2%US tariffs to cause at least 100 mln euro hit in April, MayPorsche slashes 2025 margin target to 6.5-8.5% rangeSales now expected to reach 37-38 billion eurosShares down 6.4%By Christoph Steitz FRANKFURT, April 29 (Reuters) - Porsche's margins plunged ...Reuters
Tue, Apr 29
Coca-Cola posts smaller-than-expected drop in quarterly revenue
April 29 (Reuters) - Coca-Cola KO.N reported a smaller-than-expected drop in first-quarter revenue on Tuesday, benefiting from price hikes and strong demand for its sodas, juices and milk offering Fairlife. The company's quarterly revenue fell to $11.22 billion, from $11.23 billion a year ear...Reuters
Tue, Apr 29
Ukraine's mining heartlands tell Trump: Don't take advantage of us
Ukrainians urge Trump not to exploit their mineral wealthZelenskiy under pressure to reach equitable deal with U.S.Mineral revenues essential to Kyiv's state budgetPM Shmyhal says deal won't seek to pay for past U.S. aidBy Vladyslav Smilianets and Thomas Peter ZHOVTI VODY, Ukraine, April ...Reuters
Tue, Apr 29
Sugar warning dents shares in Primark-owner AB Foods
First-half group adjusted operating profit down 10%Expects 'low single digit' sales growth at Primark in 2024/25Forecasts 2024/25 loss in sugar of up to 40 million poundsReviewing Azucarera, Vivergo and Allied BakeriesShares down 8%By James Davey LONDON, April 29 (Reuters) - Primark owner...Reuters
Tue, Apr 29
Utility Entergy beats profit estimate on growing power demand, lower costs
April 29 (Reuters) - U.S. utility Entergy ETR.N surpassed analysts' estimate for first-quarter profit on Tuesday, helped by strong demand for power and lower costs.The U.S. Energy Information Administration expects power consumption in the country to reach record highs in 2025 and 2026, driven b...Reuters
Tue, Apr 29
Burkina faso to nationalise more industrial mines, prime minister says
April 29 (Reuters) - Burkina Faso plans to take control of more foreign-owned industrial mines, the country's prime minister said, as the West African country seeks a bigger share of revenue from its national resources. Prime Minister Jean Emmanuel Ouédraogo said Burkina Faso planned to contin...Reuters
Tue, Apr 29
Brazil reforestation startup Mombak raises $30 million in USV-led round
By Gabriel Araujo SAO PAULO, April 29 (Reuters) - Brazilian reforestation firm Mombak has secured $30 million in a funding round led by venture capital firm Union Square Ventures (USV), it said on Tuesday, in another sign of growing investor interest in Brazil's carbon removal sector.Mombak, ...Reuters
Tue, Apr 29
Smithfield Foods posts higher sales, profit on strong packaged meats, pork demand
April 29 (Reuters) - U.S. pork processor Smithfield Foods SFD.O on Tuesday posted higher first-quarter sales and profit, helped by strong demand for its packaged meats and pork businesses and cost-control efforts. The Virginia-based company has been focusing on its high-margin packaged meats busines...Reuters
Tue, Apr 29
Former Shell oil traders set up trading house with focus on Africa, sources say
Atmin to be run by ex-Shell trader Ajay Oommen, sources sayAfreximbank will be the controlling shareholder, sources sayAtmin to start with crude, then oil products, minerals - sourcesBy Dmitry ZhdannikovLONDON, April 29 (Reuters) - Several former traders from oil major Shell have set up trading hous...Reuters
Tue, Apr 29
EUROPE GAS-Prices ease as warm weather curbs demand
LONDON, April 29 (Reuters) - Dutch and British wholesale gas prices eased on Tuesday morning, trading in a narrow range as warm weather curbed heating demand. The benchmark Dutch front-month contract TRNLTTFMc1 was down 0.23 euro to 31.62 euros per megawatt hour (MWh), or $11.50/mmBtu, by 0826 G...Reuters
Tue, Apr 29
AstraZeneca CFO Says Working On Transferring Manufacturing From Europe to U.S.
April 29 (Reuters) - ASTRAZENECA CFO: NO PLANS TO TRANSFER INTELLECTUAL PROPERTY FROM EUROPE TO U.S., INSTEAD WORKING ON TRANSFERRING MANUFACTURING - MEDIA CALLASTRAZENECA CEO: WE SUPPORT APPROACH OF U.S. ADMINISTRATION THAT EUROPE SHOULD SPEND MORE ON MEDICINES - MEDIA CALLASTRAZENECA CEO SAYS "...Reuters
Tue, Apr 29
Oil slides on weakening demand concerns – ING
Oil prices edged lower in the early trading session today amid concerns that the US-led trade war will hurt energy demand, continuing the declines seen towards the end of yesterday, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Apr 29
Russia's Medvedev says NATO's newer members are now potential targets for Moscow, TASS reports
MOSCOW, April 29 (Reuters) - Former Russian president Dmitry Medvedev said on Tuesday that NATO's newer members are now potential targets for Moscow and at risk of possible revenge strikes using nuclear weapons in the event of a conflict, the TASS state news agency reported.Medvedev, who has sty...Reuters
Tue, Apr 29
