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PRESS DIGEST - Wall Street Journal - May 19
May 19 (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.- Nvidia NVDA.O is deepening its partnerships with Taiwanese companies, including working with Foxconn Technology Group 2317.TW to build an AI...Reuters
Mon, May 19
COLUMN-Lifting US sanctions on Iran could crush China’s 'teapot' oil refineries: Bousso
Chinese independent refineries accounted for 77% of Iran 2024 exportsIranian imports are discounted, offering profits upliftRemoval of sanctions will undermine teapots' business modelBy Ron Bousso LONDON, May 19 - The possible lifting of U.S. sanctions on Iran's oil exports could deal a f...Reuters
Mon, May 19
First LNG ship bunkering hub in US Gulf Coast secures permits to start work
By Jonathan Saul LONDON, May 19 (Reuters) - A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.The global shipping in...Reuters
Mon, May 19
RPT-COLUMN-Copper's US tariff premium crushed by wave of imports: Andy Home
By Andy Home LONDON, May 16 (Reuters) - U.S. President Donald Trump's threatened tariff on copper imports has generated a mass relocation of physical metal, swamping the U.S. market and draining the rest of the world. Ever since the Trump administration announced a so-called Section 232 inves...Reuters
Mon, May 19
TECHNICALS-CBOT soybeans neutral in $10.47-3/4 to $10.59-3/4 range
For more technical analyses, please click SINGAPORE, May 19 (Reuters) - The CBOT soybean July contract SN25 looks neutral in a range of $10.47-3/4 to $10.59-3/4 per bushel and an escape could suggest a direction.A break above $10.59-3/4 could open the way toward $10.65 to $10.71-3/4 range. However, ...Reuters
Mon, May 19
PRESS DIGEST- New York Times business news - May 19
May 19 (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.- A key House panel has advanced President Trump’s $3.8 trillion tax-and-spending bill after conservative Republicans, still pushin...Reuters
Mon, May 19
GRAINS-Soybean prices rebound, improved US weather limits upside
Soybeans up after 2 sessions of losses, bargain buying supportsWheat firms on worries over Chinese crop conditions; corn risesSINGAPORE, May 19 (Reuters) - Chicago soybean futures edged higher on Monday, with prices rising for the first time in three sessions on bargain-buying, although improved U.S...Reuters
Mon, May 19
Gold price struggles to capitalize on modest intraday gains to $3,250 area
Gold price (XAU/USD) attracts buyers during the Asian session on Monday as a surprise downgrade of the US government's credit rating tempers investors' appetite for riskier assets and boosts demand for traditional safe-haven assets.Fxstreet
Mon, May 19
Goldman remains cautious on oil prices as higher Iranian supply prospects weigh
May 18 (Reuters) - Goldman Sachs said on Sunday it is retaining a cautious outlook on oil prices, as pressure from likely elevated Iranian supply and higher OECD commercial inventories will offset support from stronger global GDP growth."We are maintaining our Brent/WTI oil price forecasts of $6...Reuters
Mon, May 19
Brazil hopes China, other countries may loosen trade bans over bird flu
Brazil's chicken exports account for more than 35% of global tradePotential 10%-20% Brazil export drop if outbreak spreads, analyst warnsBy Lisandra Paraguassu and Roberto Samora BRASILIA, May 19 (Reuters) - Brazil's poultry industry is reeling from the country's first bird flu outbre...Reuters
Mon, May 19
GRAINS-Soybeans ease for third session on US weather; wheat, corn firm
SINGAPORE, May 19 (Reuters) - Chicago soybean futures lost more ground on Monday, with prices coming under pressure from improved U.S. growing conditions. Wheat inched higher as dryness in China's key growing areas supported prices, while corn firmed on bargain-buying after last session'...Reuters
Mon, May 19
Moody’s Downgrades U.S. Credit Rating, Treasury Secretary Threatens Tariff Restoration, Gold Prices Surge!
The U.S. credit rating was downgraded by Moody’s, and the Treasury Secretary threatened to reinstate reciprocal tariffs, triggering a surge in gold prices amid heightened risk aversion.TradingKey
Mon, May 19
Gold players keep faith despite trade truce-induced correction
Spot gold heads for worst week since NovemberGold likely to rise than to fall from here - analystGold hit all-time high of $3,500.05/oz last monthBy Brijesh Patel May 16 (Reuters) - Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U....Reuters
Mon, May 19
Japan halts some poultry imports from Brazil after bird flu outbreak
By Yuka Obayashi TOKYO, May 19 (Reuters) - Japan has suspended imports of poultry meat from the southern Brazilian city of Montenegro and live poultry from the wider state of Rio Grande do Sul following a bird flu outbreak, an official at Japan's agriculture ministry said on Monday. The ban t...Reuters
Mon, May 19
METALS-London copper rises as dollar drifts lower
NEW DELHI, May 19 (Reuters) - Copper prices in London rose slightly on Monday following some weakness in the dollar, although U.S. President Donald Trump's renewed tariff threat checked gains.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.2% at $9,465.5 a metric ton as of 021...Reuters
Mon, May 19
Gold advances to near $3250 due to safe-haven demand, US economic concerns
Gold (XAU/USD) is recovering from recent losses, trading near $3,230 per troy ounce during Monday’s Asian session. The rebound is fueled by increased demand for safe-haven assets amid rising concerns over the US economic outlook and fiscal health.Fxstreet
Mon, May 19
