Search
News
Important Only
COLUMN-Iron ore tells a different story to the China tariff pain narrative: Russell
By Clyde Russell LAUNCESTON, Australia, May 8 (Reuters) - Concern is mounting over just how big a hit the Chinese economy is going to take from the massive tariffs imposed by the United States, but so far the commodity most at risk is seemingly unaffected.Iron ore is the major commodity most expo...Reuters
Thu, May 8
TECHNICALS-CBOT soybeans may fall into $10.16-3/4 to $10.26-1/4 range
For more technical analyses, please click SINGAPORE, May 8 (Reuters) - The CBOT soybean July contract SN25 may break support at $10.36 per bushel, and fall into $10.16-3/4 to $10.26-1/4 range.The contract is making its third attempt to overcome this barrier. It is highly likely to succeed. A retrace...Reuters
Thu, May 8
PRESS DIGEST - Wall Street Journal - May 8
May 8 (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.- Ford Motor F.N raised prices for three of its popular vehicles, a move that comes as automakers scramble to adjust to President Trump's t...Reuters
Thu, May 8
PRESS DIGEST-Financial Times - May 8
May 8 (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- Iberdrola secures 600 million pounds loan from UK state fund to upgrade power grid- Orsted halts work on vast UK wind farm citing rising...Reuters
Thu, May 8
METALS-London metals mixed ahead of US-China trade talks
SHANGHAI, May 8 (Reuters) - Metal prices in London showed mixed movements on Thursday, as investors anticipated the U.S.-China trade talks following the Federal Reserve's warning that increasing inflation and labor market risks could fuel economic uncertainty.Benchmark copper CMCU3 on the London...Reuters
Thu, May 8
AI leaders to urge senators to speed power supply permitting, boost government data access
By David ShepardsonWASHINGTON, May 7 (Reuters) - Microsoft MSFT.O and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters...Reuters
Thu, May 8
Mexico's Pemex reports leaks in oil pipeline to Dos Bocas terminal
MEXICO CITY, May 7 (Reuters) - Mexico's state energy firm Pemex said on Wednesday evening that it had addressed two leaks in a pipeline that transports oil from its Akal-C platform to the Dos Bocas Maritime Terminal in the southern state of Tabasco.In a statement, Pemex said preparations were un...Reuters
Thu, May 8
GRAINS-Chicago grains slip on weak demand; USDA report eyed
BEIJING, May 8 (Reuters) - Chicago soybean and grain futures eased on Thursday as traders weighed weak demand and rising global competition and positioned ahead of the U.S. Department of Agriculture's (USDA) report next Monday, despite support from U.S.-China trade talk optimism.FUNDAMENTALS* Th...Reuters
Thu, May 8
Mexico's Pemex reports leaks in oil pipeline to Dos Bocas terminal
MEXICO CITY, May 7 (Reuters) - Mexico's state energy firm Pemex said on Wednesday evening that it had addressed two leaks in a pipeline that transports oil from its Akal-C platform to the Dos Bocas Maritime Terminal in the southern state of Tabasco.In a statement, Pemex said preparations were un...Reuters
Thu, May 8
Oil prices steady after dropping as economic uncertainty, supply concerns weigh
By Katya Golubkova TOKYO, May 8 (Reuters) - Oil prices steadied on Thursday after falling more than $1 in the previous session as uncertainty over the outcome of trade talks between the U.S. and China, the world's two largest oil consumers, weighed on investor sentiment.Brent crude futures LC...Reuters
Thu, May 8
PRECIOUS-Gold rises as Fed warns of economic uncertainty; Sino-US trade talks eyed
May 8 (Reuters) - Gold prices climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the U.S.-China trade talks.FUNDAMENTALS* Spot gold XAU= rose 0.6% to $3,384.99 an ounce as of 0030 GMT. U.S. gold futur...Reuters
Thu, May 8
Gold drops over 1% on Powell's cautious views, easing trade tensions
May 7 (Reuters) - Gold prices extended losses on Wednesday, weighed by a stronger dollar and easing China-U.S. trade tensions, while traders were left dissatisfied by Federal Reserve Chair Jerome Powell's cautious remarks on the U.S. economy.Reuters
Thu, May 8
Argentina's YPF swings to net loss in Q1 on growing debt, costs
BUENOS AIRES, May 7 (Reuters) - Argentine state oil company YPF YPFDm.BA sank into the red in the first quarter, it reported on Wednesday, swinging to a net profit loss of $10 million, hurt by higher costs and capital expenditures and rising debt.The loss compares to last year's net profit of $6...Reuters
Wed, May 7
China's BYD, Tsingshan scrap plans for Chile lithium plants
By Daina Beth Solomon SANTIAGO, May 7 (Reuters) - Chinese automaker BYD 002594.SZ and metals group Tsingshan are backing out of multi-million dollar plans to build lithium cathode plants in Chile, the country's economic development agency said on Wednesday. The retreat by the two huge Chines...Reuters
Wed, May 7
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 8 (Reuters) - Contract Target Support/Resistance Brent oil $60/$58.50res $62.42/$63.62Palm oil (3rd month)3,702/3,624 ringgitres 3,738/3,765/3,804 ringgitWTI* $56.72/$55.28res $59.05/$60.21Spot gold$3,355/$3,319res $3,436/$3,467LME copper (3r...Reuters
Wed, May 7
Britain's National Wealth Fund to lend Iberdrola $800 mln for UK power grid upgrades
LONDON, May 8 (Reuters) - Britain's National Wealth Fund will lend 600 million pounds ($802 million) to Iberdrola-owned ScottishPower to help fund upgrades to the country’s power grid, they said in a joint statement on Thursday.The announcement comes a week after Spain and Portugal suffered wide...Reuters
Wed, May 7
Atmos Energy reports quarterly profit rise, raises full-year forecast
May 7 (Reuters) - Atmos Energy ATO.N reported a rise in second-quarter profit, as the natural gas utility benefited from higher prices and customer growth.Average natural gas NGc1 prices have risen over the past few quarters, reaching a two-year high on March 10, driven by strong demand from liquefi...Reuters
Wed, May 7
