News
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WTI falls to near $62.50 due to potential Iranian crude, OPEC+ production increase
West Texas Intermediate (WTI) Oil price is trading lower at around $62.70 per barrel during the European hours on Monday. Crude Oil prices continue to decline as progress in US-Iran nuclear talks raises the prospect of Iranian crude re-entering the market. Furthermore, expectations that...
Fxstreet
Mon, Apr 28
Angola more likely to tap IMF loan after oil price drop, finance minister says
Angola based its 2025 budget on oil price of $70 per barrelDe Sousa says IMF loan more likely, but final decision not madeFinance ministry in talks with JPMorgan on margin calls By Karin Strohecker WASHINGTON, April 28 (Reuters) - A slide in crude oil prices is increasing the likelihood that Ango...Reuters
Mon, Apr 28
Poland, US firms to sign contract to design nuclear power plant
WARSAW, April 28 (Reuters) - Polish state-owned firm PEJ and U.S. companies Westinghouse Electric and Bechtel will sign a contract on Monday to continue work to design the country's first nuclear power plant, the Polish prime minister's office said.Poland is seeking to reduce its reliance on...Reuters
Mon, Apr 28
RPT-EXCLUSIVE-Barrick Gold contractors in Mali lay off staff amid government dispute -documents, sources
Subcontractors face liquidation, work stoppages due to disputeHighlights uncertainty over Barrick's Loulo-Gounkoto operations Hundreds of jobs at stakeSome Barrick employees being relocated to DRCBy Portia Crowe and Divya Rajagopal DAKAR, April 25 (Reuters) - At least four subcontractors empl...Reuters
Mon, Apr 28
METALS-London metals prices mixed on optimism around US-China trade talks
SHANGHAI, April 28 (Reuters) - London metals prices were mixed on Monday as optimism over easing U.S.-China trade tensions offered some respite to investors, although concerns over the fragile negotiations lingered.Benchmark copper CMCU3 on the London Metal Exchange (LME) was flat at $9,378 a metric...Reuters
Mon, Apr 28
Gold falls as easing US-China tensions dent safe-haven demand
China exempts some goods from U.S. tariffsDollar up 0.1% against its peersRisk assets are feeling slightly better, analyst saysBy Anushree Mukherjee April 28(Reuters) - Gold retreated on Monday as easing U.S.-China trade tensions boosted investors' risk appetite and dented the demand for the ...
Reuters
Mon, Apr 28
S-Oil posts refining, petchem losses; expects US tariffs to affect margins in Q2
SEOUL, April 28 (Reuters) - South Korea's S-Oil 010950.KS, majority owned by Saudi Aramco 2223.SE, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.S-Oil reported an op...Reuters
Mon, Apr 28
Palladium price: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Monday, according to FXStreet data. Palladium (XPD) changes hands at $946.61 a troy ounce, with the XPD/USD pair easing from its previous close at $947.10.Fxstreet
Mon, Apr 28
New EU rule to require insurance information for all vessels in its waters
By Michael JonesApril 28 - (The Insurer) - All vessels passing through EU waters, including those which do not enter one of the bloc's ports, will be required to provide insurance information under a new delegated directive introduced by the European Commission last week.The amendment to the Ves...Reuters
Mon, Apr 28
BREAKINGVIEWS-CK Hutch ports sale can be good for Beijing too
By Ka Sing ChanHONG KONG, April 28 (Reuters Breakingviews) - Li Ka-shing's ports deal is shrewd in all respects except for the timing. Beijing has warned the Hong Kong tycoon's CK Hutchison 0001.HK against bypassing its antitrust probe on the $23 billion disposal to a group including BlackRo...Reuters
Mon, Apr 28
COLUMN-The crafty US state that's showing how to thrive under Trump: Maguire
By Gavin Maguire LITTLETON, Colorado, April 28 (Reuters) - Louisiana has long been overshadowed by its more showy neighbour Texas, which boasts a larger economy and population and has for decades wielded greater sway among policymakers in Washington DC and on the world stage. But the Bayou State ...Reuters
Mon, Apr 28
RPT-Angola's finance minister says country stress-testing for lower oil prices, IMF programme more likely
Angola based its 2025 budget on oil price of $70 per barrelDe Sousa says IMF programme more likely, but final decision not madeFinance ministry in talks with JPMorgan on how to avoid future margin calls By Karin Strohecker WASHINGTON, April 28 (Reuters) - Angola is running stress tests to gauge t...Reuters
Mon, Apr 28
Tokyo Gas CFO: Cost Of Alaska LNG Project, Including Long Pipelines, Remains Unclear
April 28 (Reuters) - Tokyo Gas Co Ltd 9531.T:WILL CLOSELY MONITOR ALASKA LNG PROJECT AS ONE OF KEY POTENTIAL PROCUREMENT SOURCESWE RECOGNIZE THAT ALASKA LNG HAS THE ADVANTAGE OF BEING GEOGRAPHICALLY CLOSE TO JAPAN AND CAN BE SAFELY TRANSPORTED WITHOUT PASSING THROUGH CANALS OR STRAITSCOST OF ALASKA ...Reuters
Mon, Apr 28
Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 mln
SINGAPORE, April 28 (Reuters) - Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical's petrochemical business is valued at $638 million, Wanhua Chemical said on Monday. Petrochemical Industries Company, a subsidiary of Kuwait Petroleum, announced the deal on Satu...Reuters
Mon, Apr 28
Iran repelled large cyber attack on Sunday
DUBAI, April 28 (Reuters) - Iran repelled a large cyber attack on its infrastructure on Sunday, said the head of its Infrastructure Communications Company, a day after a powerful explosion damaged its most important container port and another round of talks with the U.S. over Tehran's disupted n...Reuters
Mon, Apr 28
Past US aid to Ukraine not included in minerals deal, Kyiv says
April 28 (Reuters) - Ukraine has agreed that the past U.S. aid provided to Kyiv will not be part of a minerals deal it aims to sign with Washington, Ukrainian Prime Minister Denys Shmyhal said on Sunday."Agreements have been reached that the document does not count assistance provided before its...Reuters
Mon, Apr 28
Tokyo Gas annual profit halves on one-off loss, weak US gas prices
TOKYO, April 28 (Reuters) - Tokyo Gas 9531.T, Japan's biggest city gas provider, saw its net profit for the fiscal year ended in March halving to 74.2 billion yen ($517.5 million) partly due to a one-off investment security loss and low gas prices in the U.S., it said on Monday. Tokyo Gas foreca...Reuters
Mon, Apr 28
GRAINS-Soybeans fall on conflicting US, China remarks on trade talks; corn, wheat down
Soybeans down due to lack of clarity on U.S.-China trade talksChicago corn, wheat futures give up last week's gainsBy Naveen Thukral SINGAPORE, April 28 (Reuters) - Chicago soybeans lost more ground on Monday as conflicting statements by U.S. and Chinese officials on talks to end the Washingt...Reuters
Mon, Apr 28
