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PRESS DIGEST-Canada - May 2
May 2 (Reuters) - The following are the top stories from a selected Canadian newspaper. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL-Canadian-made auto parts exported to the United States, which were previously expected to be hit with steep levies t...Reuters
Fri, May 2
Canada's Imperial Oil posts rise in first-quarter profit
May 2 (Reuters) - Canadian oil producer Imperial Oil IMO.TO posted a rise in first-quarter profit on Friday, buoyed by improved refining margins.The Calgary, Alberta-based company said its net income rose to C$1.29 billion ($933.23 million), or C$2.52 per share, in the quarter ended March 31, from C...Reuters
Fri, May 2
PRECIOUS-Gold gains on bargain hunting ahead of key US jobs data
China evaluating US offer to negotiate tariffsFocus on US non-farm payrolls data due at 1230 GMTGold down 1.5% so far this weekBy Brijesh Patel May 2 (Reuters) - Gold rose on Friday on bargain-hunting ahead of U.S. non-farm payrolls report, after prices touched a two-week low in the previous sess...Reuters
Fri, May 2
World food prices increase in April, UN's FAO says
LONDON, May 2 (Reuters) - Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks monthly...Reuters
Fri, May 2
RPT-COLUMN-Chicago corn still chasing 50-year streak as prices stagnate: Braun
By Karen Braun NAPERVILLE, Illinois, May 1 (Reuters) - U.S. farmers are now in the thick of corn-planting, a period usually filled with anticipation for the upcoming harvest potential.But the markets may not be bringing much joy to producers given that new-crop Chicago corn futures started May on...Reuters
Fri, May 2
Chennai Petroleum Exec: Getting Good Offers For Purchase Of US, African Crudes Via Tenders
May 2 (Reuters) - CHENNAI PETROLEUM CORP EXEC CHPC.NS:GETTING GOOD OFFERS FOR PURCHASE OF US, AFRICAN CRUDES VIA TENDERSSEE POSSIBLE EARLY ROLE OUT OF SUSTAINABLE AVIATION FUEL Q4 GRM $6.22/BBL VS $7.7/BBL YR AGOSAW INVENTORY GAIN OF 1.25 BLN RUPEES IN Q4 BASRA CRUDE PART OF LONG-TERM PORTFOLIO FOR...Reuters
Fri, May 2
Environmental groups blast JBS's US listing approval; Wall Street praises it
Environmentalists criticize approval over deforestation, emissions claimsGroups highlight JBS's history of legal issuesWall St sees boost to world's top meatpacker stock priceGlobal Witness warns of limited ESG influence for minority shareholders By Ana Mano SAO PAULO, May 2 (Reuters) - T...Reuters
Fri, May 2
GRAINS-Soybeans rise for second session, US-China trade war caps gains
Soybeans set to end the week lower on demand worriesWheat rises, but faces weekly decline on improved weatherBy Naveen Thukral and Sybille de La Hamaide SINGAPORE/PARIS, May 2 (Reuters) - Chicago soybeans gained on Friday, with bargain-buying supporting prices, but the market was on track to end ...Reuters
Fri, May 2
Spain suffered multiple power incidents in the build up to full blackout
Power industry had sounded warnings Renewable energy boom makes grids vulnerableNuclear plant closures add to challengesBy David Latona, Emma Pinedo, Pietro Lombardi MADRID, May 2 (Reuters) - Spain suffered several power glitches and industry officials sounded repeated warnings about the instabil...Reuters
Fri, May 2
Volkswagen core brand group profit falls on EU carbon provision, US tariffs
May 2 (Reuters) - Volkswagen VOWG_p.DE on Friday said its first-quarter operating profit for the core brand group, which includes its best-selling VW brand, declined by 46.3%, impacted by EU carbon provisions and write-downs on inventory related to U.S. tariffs.The operating profit for the core bran...Reuters
Fri, May 2
ExxonMobil Says Economic Uncertainty, Threats Of Potential Increase In OPEC Supply, Has Put Pressure On Prices & Margins
May 2 (Reuters) - Exxon Mobil Corp XOM.N:EXXONMOBIL: ECONOMIC UNCERTAINTY, WITH THREATS OF POTENTIAL INCREASE IN OPEC SUPPLY, HAS PUT PRESSURE ON PRICES & MARGINS - PREPARED REMARKSEXXONMOBIL: REMAIN COMMITTED TO TAKING COSTS OUT OF THE BUSINESS - PREPARED REMARKSEXXONMOBIL: IF WE CAN IMPROVE NP...Reuters
Fri, May 2
Greece approves tender for hydrocarbons search in four offshore blocks
ATHENS, May 2 (Reuters) - Greece has approved an international tender for hydrocarbon exploration in four blocks in the Mediterranean Sea, following an expression of interest by Chevron CVX.N and Helleniq Energy HEPr.AT, the energy ministry said on Thursday.Greece this week issued a ministerial deci...Reuters
Fri, May 2
Itochu reports record annual profit helped by textiles, FamilyMart
TOKYO, May 2 (Reuters) - Japanese trading house Itochu 8001.T reported on Friday a record annual net profit of 880.3 billion yen ($6 billion), bolstered by its textile, food, and FamilyMart convenience store units.Profit rose 10% from the previous year, although it was slightly below an LSEG poll...Reuters
Fri, May 2
Exxon beats Wall Street profit estimate, boosted by Guyana and Permian production
By Sheila Dang HOUSTON, May 2 (Reuters) - Exxon Mobil XOM.N on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.Profit during the January-March quarter was $7.71 billion or $1.76 per share, bea...Reuters
Fri, May 2
Middle East Crude-Benchmarks rebound; focus on OPEC+ meeting
SINGAPORE, May 2 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban rose on Friday, following a sharp decline earlier in the week that sent them to a seven-week low. A threat from U.S. President Donald Trump to impose secondary sanctions on buyers of Iranian oil raised f...Reuters
Fri, May 2
Chevron meets Wall Street profit estimates as refining recovers from previous quarter
Chevron maintains dividend and share buyback strategy despite lower crude pricesProduction flat year-over-year, impacted by asset sales Chevron's Q1 oil and gas earnings drop from previous yearBy Sheila Dang HOUSTON, May 2 (Reuters) - Chevron CVX.N on Friday reported first-quarter earnings th...Reuters
Fri, May 2
FACTBOX-Companies withdraw guidance amid Trump's tariffs
May 2 (Reuters) - The sweeping tariffs imposed by U.S. President Donald Trump since April 2 and the subsequent pauses on some of them have generated uncertainty for companies worldwide, causing some to withdraw or refrain from giving financial guidance.Here is a list of companies that have made such...Reuters
Fri, May 2
Singapore fuel oil stockpiles slip to 3-week lows
SINGAPORE, May 2 (Reuters) - Onshore fuel oil stockpiles at key trading hub Singapore fell to their lowest in three weeks as imports eased, data showed on Thursday.Residual fuel inventories STKRS-SIN were at 22.5 million barrels (about 3.54 million metric tons) in the week to May 1, based on Enterpr...Reuters
Fri, May 2
REFILE-CORRECTED-World food prices increase in April, UN's FAO says
LONDON, May 2 (Reuters) - Global food commodity prices increased in April, driven by higher prices for cereals, meat and dairy products, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks monthly changes in a basket of internationally trad...Reuters
Fri, May 2
