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Gold Steady as Markets Assess Mideast Tensions Ahead of US Inflation Data
Trump says ceasefire with Iran "on life support"Trump to meet China's Xi Jinping this weekU.S. Consumer Price Index data due at 1230 GMTBy Pablo Sinha May 12 (Reuters) - Gold prices were largely steady on Tuesday, as markets weighed the developments in the Middle East conflict and int...
Reuters
Tue, May 12
Xi-Trump summit may yield farm deal, but China has limited soybean appetite
Agriculture remains a less contentious area in U.S.-China relationsChina unlikely to increase soybean purchases beyond existing commitmentsMarkets expect new deals for corn, sorghum, milling wheat, poultry and meatBy Ella Cao, Trevor Hunnicutt and Naveen Thukral BEIJING/SINGAPORE, May 12 (Reuters...
Reuters
Tue, May 12
A Trump-Xi Deal Could Revive US Energy Exports to China
By Sam Li and Lewis Jackson BEIJING, May 12 (Reuters) - U.S. President Donald Trump will arrive in Beijing this week for a summit with President Xi Jinping on May 14 to 15, where U.S. officials say a deal for Beijing to buy more U.S. energy could be under consideration.Tariffs imposed during the
Reuters
Tue, May 12
Siemens Energy accelerates share buyback after Q2 cash flow jumps
FRANKFURT, May 12 (Reuters) - Siemens Energy will accelerate its standing share buyback programme after posting a 42% increase in pre-tax free cash flow, the company said on Tuesday, benefitting from demand for data centres to power artificial intelligence technology.The company, which released prel...
Reuters
Tue, May 12
PRESS DIGEST- New York Times business news - May 12
May 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Byron Allen, the comedian turned entrepreneur, is buying a controlling stake in BuzzFeed BZFD.O, with co-founder Jonah Peretti ste...
Reuters
Tue, May 12
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold
Fxstreet
Tue, May 12
Global fire outbreaks hit record high as 'unprecedented' heat extremes loom, scientists say
Fires damage 150 million hectares from January to AprilAfrica fire damage 23% higher than previous record, Asia 40% higherClimate change effects to be compounded by El Nino this year By David Stanway SINGAPORE, May 12 (Reuters) - Climate change has driven record-breaking outbreaks of fire in Afr...
Reuters
Tue, May 12
US top diplomat discusses Iran, Strait of Hormuz with UK and Australia
By Kanishka Singh WASHINGTON, May 11 (Reuters) - U.S. Secretary of State Marco Rubio held separate calls with his Australian and British counterparts on Monday to discuss Iran and the Strait of Hormuz, the State Department said. Here are some details:Rubio discussed "Iran and ongoing effo...
Reuters
Tue, May 12
WRAPUP 1-Peace deal hopes fade after Trump rejects 'garbage' Iran proposal
Trump calls Iranian counterproposal 'garbage'Iran demands end to blockade, compensation, and sovereignty over HormuzTrump to visit China this week, leaders to discuss IranUS faces domestic, international pressure as energy prices riseBy Nandita Bose and Nayera Abdallah WASHINGTON/DUBAI, ...
Reuters
Tue, May 12
Gold eases from three-week top as Iran tensions and hawkish Fed bets support USD
Gold (XAU/USD) retreats from a three-week high, touched during the Asian session on Tuesday, as traders await the release of the latest US consumer inflation figures before positioning for the next leg of a directional move.
Gold
Fxstreet
Tue, May 12
PRESS DIGEST-British Business - May 12
May 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- German utility group E.ON EONGn.DE is poised to become one of Britain's largest energy suppliers af...
Reuters
Tue, May 12
Silver Price Forecast: XAG/USD trades firmly near two-month high of $86.50 ahead of US CPI
Silver price (XAG/USD) holds onto its almost week-long rally to near $86.50 during the Asian trading session on Tuesday. The white metal trades firmly even as oil prices are broadly stable amid fears that military actions between the United States (US) and Iran could resume.
Silver
Fxstreet
Tue, May 12
Trump delays order to boost beef imports and calm prices, Wall Street Journal reports
Trump has not signed orders aimed at lowering beef prices, WSJ reports US cattle herd smallest in 75 years, Trump hopes to rebuild itBeef is 16% more expensive than when Trump began second termBy David Lawder and Tom Polansek CHICAGO, May 11 (Reuters) - U.S. President Donald Trump has delayed th...
Reuters
Tue, May 12
Motiva Port Arthur, Texas Refinery Reports Operations Require Flaring
May 12 (Reuters) - MOTIVA ENTERPRISES MOTIV.UL: REPORTS OPERATIONS REQUIRE FLARING AT PORT ARTHUR, TEXAS REFINERYSOURCE: COMMUNITY ALERTREFINERY CAPACITY: 640,500 BARRELS PER DAY
Reuters
Tue, May 12
Xi-Trump summit may yield farm deal, but China has limited soybean appetite
Agriculture remains a less contentious area in U.S.-China relationsChina unlikely to increase soybean purchases beyond existing commitmentsMarkets expect new deals for corn, sorghum, milling wheat, poultry and meatBy Ella Cao, Trevor Hunnicutt and Naveen Thukral BEIJING/SINGAPORE, May 12 (Reuters...
Reuters
Tue, May 12
Japan to send officials to Russia in May over protection of companies' assets
TOKYO, May 12 (Reuters) - Japan plans to send several officials to Russia in late May to facilitate communication and help protect assets owned by Japanese companies operating there, the Minister of Economy, Trade and Industry Ryosei Akazawa said on Tuesday.The trip to Moscow will be coordinated wit...
Reuters
Tue, May 12
PRESS DIGEST-Financial Times - May 12
May 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines- UK to take full ownership of British Steel- German energy group E.ON seals takeover of UK supplier Ovo- Shein accuses rival Temu ...
Reuters
Tue, May 12
ANALYSIS-Stung by Iran war, Trump heads to China in need of wins
Trump and Xi will hold talks on May 14-15Leaders seek to extend fragile trade truceTrump wants Xi's help to end unpopular Iran warLow expectations reflect Trump's struggles, analysts say By Mei Mei Chu, Antoni Slodkowski and Trevor Hunnicutt BEIJING, May 12 (Reuters) - A year ago, U.S. Pr...
Reuters
Tue, May 12
ROI-China's commodity imports show Hormuz impact as oil slides, metals rise: Russell
By Clyde Russell LAUNCESTON, Australia, May 12 (Reuters) - The Iran war is starting to shape China's imports of major commodities, with April data showing a sharp decline in crude oil but rising trade in metals.The headline-grabbing number from the figures released last week by customs was th...
Reuters
Tue, May 12
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 12 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$107.06sup $104.22/$103.35/$102.47Palm oil (3rd month)4,482/4,452/4,410 ringgitres 4,527/4,563/4,599 ringgitWTI(1st month)$100.21/$101.60/$103sup $97.31/$95.70/$93.98Spot g...
Reuters
Tue, May 12
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