News
Important Only
METALS-London metals range-bound as market awaits US-China tariff talk update
SHANGHAI, April 29 (Reuters) - Metals in London traded in a tight range on Tuesday as investors tracked developments in the U.S.-China negotiations and a bunch of U.S. economic data.Benchmark copper CMCU3 on the London Metal Exchange (LME) rose 0.4% to $9,415 a metric ton, as of 0724 GMT.The U.S. in...Reuters
Tue, Apr 29
AB Foods says conglomerate structure working well
LONDON, April 29 (Reuters) - Associated British Foods ABF.L keeps its conglomerate structure under constant review but believes it works well, its boss said on Tuesday.Earlier this month, a report on the This is Money website, citing sources close to the firm, said the resignation of Paul Marchant a...Reuters
Tue, Apr 29
Repsol Agrees To Sell 46.3% Of 777 MW Renewable Portfolio In US To Stonepeak
April 29 (Reuters) - Repsol SA REP.MC:AGREEMENT FOR SALE TO STONEPEAK OF 46.3% OF RENEWABLE PORTFOLIO OF 777 MW IN UNITED STATESPORTFOLIO INCLUDES FRYE SOLAR PROJECT AND JICARILLA SOLAR AND STORAGE COMPLEXWILL RECEIVE $340 MILLION (ABOUT 300 MILLION EUROS)TRANSACTION VALUES SOLAR AND BATTERY ENERGY ...Reuters
Tue, Apr 29
PRESS DIGEST -Wall Street Journal - April 29
April 29 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump is set to ease his automotive tariffs by preventing them from compounding with other duties, such as those on ...Reuters
Tue, Apr 29
Palladium price: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $947.45 a troy ounce, with the XPD/USD pair easing from its previous close at $949.15.Fxstreet
Tue, Apr 29
Portugal's power grid 'stabilised' after mass blackout, operator says
LISBON, April 29 (Reuters) - Portugal's entire grid was "stabilised" after mass outages across most of the Iberian Peninsula, and all power substations were back on line before midnight, grid operator REN RENE.LS said early on Tuesday.Reuters
Tue, Apr 29
Woodside approves $17.5 billion US LNG project, targets 2029 start
Woodside greenlights first new US LNG plant under Trump administrationDecision 'de-risks' investment opportunity for potential equity partners, CEO saysTrump tariffs seen as advantage due to project maturity and locked-in costsBy Christine Chen and Curtis Williams SYDNEY/HOUSTON, April 29...Reuters
Tue, Apr 29
PRECIOUS-Gold prices drop as tariff concerns ease; US data in focus
First US trade deals may be with India, Treasury's Bessent saysTrump to reduce impact of auto tariffs, commerce secretary says Gold likely to keep broader upward trend intact - analyst By Anushree Mukherjee April 29 (Reuters) - Gold prices dropped on Tuesday as softening trade tensions betwee...Reuters
Tue, Apr 29
Spain's grid operator says all substations working, meeting virtually all demand after Monday's blackout
MADRID, April 29 (Reuters) - Spanish electricity grid operator Red Electrica REDE.MC said it was able to supply 99.16% of the country's electricity demand early on Tuesday as the system gradually recovers from a nationwide blackout on Monday.All the country's substations were operating on Tu...Reuters
Tue, Apr 29
AstraZeneca says may face further import tax fine from China
April 29 (Reuters) - AstraZeneca AZN.L on Tuesday said it had received an opinion from authorities in Shenzhen city of suspected unpaid import taxes of $1.6 million, adding that a fine of one to five times that amount may be levied if the company is found liable.Reuters
Tue, Apr 29
BP reports lower-than-expected profit of $1.38 billion
LONDON, April 29 (Reuters) - BP BP.L on Tuesday reported underlying replacement cost profit, the company's definition of net income, of $1.38 billion in the first quarter, below company-provided analyst expectations of $1.53 billion.Reuters
Tue, Apr 29
Beijing will not engage in market dumping, China's ambassador to India says
MUMBAI, April 29 (Reuters) - China will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing's ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears of cheap Chinese goods flooding other markets.In tit-for-tat tariffs betwe...Reuters
Tue, Apr 29
COLUMN-Asia's LNG demand stays muted in April while Europe eases: Russell
By Clyde RussellLAUNCESTON, Australia, April 29 (Reuters) - Asia's imports of liquefied natural gas (LNG) remained tepid in April while Europe's started to show signs of the usual seasonal easing as winter peak demand passed.Asia, the world's biggest importer of the super-chilled fuel, i...Reuters
Tue, Apr 29
TECHNICALS-CBOT soybeans neutral in $10.54-1/4 to $10.65 range
For more technical analyses, please click SINGAPORE, April 29 (Reuters) - The CBOT soybean July contract SN25 looks neutral in a range of $10.54-1/4 to $10.65 per bushel, and an escape could suggest a direction.The range is formed by the 23.6% and the 38.2% projection levels of a presumed wave c fro...Reuters
Tue, Apr 29
Silver Price Forecast: XAG/USD holds losses near $33.00 as demand for metals weakens
Silver price (XAG/USD) is depreciating after registering gains in the previous day, trading around $33.00 per troy ounce during the Asian hours on Tuesday. The safe-haven demand for precious metals, including Silver, continues to weaken as trade-war concerns ease.
Fxstreet
Tue, Apr 29
COLUMN-US LNG exporters could lose out as AI gas demand booms: Bousso
Share of data centres in U.S. power market to more than double by 2030Natural gas to account for over half of incremental power supplyU.S. natural gas production set to peak in early 2030sBy Ron Bousso LONDON, April 29 - The race for AI supremacy could have an unlikely loser: U.S. liquefied natur...Reuters
Tue, Apr 29
GRAINS-Corn, soybeans ease on US planting progress; wheat firms
Corn, soybean prices fall as U.S. farmers boost plantingWheat rises, improved U.S. weather limits upside in pricesBy Naveen ThukralSINGAPORE, April 29 (Reuters) - Chicago corn and soybeans slid on Tuesday, with both markets facing pressure from rapidly advancing U.S. planting, amid a trade war with ...Reuters
Tue, Apr 29
