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France's Lactalis says no agreement signed about possible Fonterra deal
PARIS, May 2 (Reuters) - French dairy group Lactalis said on Friday it was considering investments in Australia and internationally but added that it had not signed an agreement for the possible acquisition of parts of New Zealand-based dairy giant Fonterra.Reuters reported on Thursday that companie...Reuters
Fri, May 2
India's BPCL eyes $20–30/ton gain from swap of Middle East LPG with cheaper US supplies
By Nidhi Verma NEW DELHI, May 2 (Reuters) - Indian fuel retailer Bharat Petroleum Corp Ltd BPCL.NS expects a net gain of $20 to $30 a metric ton on delivery of U.S. liquefied petroleum gas through swap deal with Middle Eastern suppliers, its head of finance said on Friday.BPCL, India's second...Reuters
Fri, May 2
RUBBER-Japan futures post weekly gains as tariff concerns ease
SINGAPORE, May 2 (Reuters) - Japanese rubber futures rose for a fourth session on Friday and posted a weekly gain, supported by a weaker yen and signs of progress in Washington's trade talks with top consumer China. The Osaka Exchange (OSE) rubber contract for October delivery JRUc6, 0#2JRU: c...Reuters
Fri, May 2
PRECIOUS-Gold rebounds from two-week low; US jobs data in focus
China evaluating US offer to negotiate tariffsUS non-farm payrolls report due at 1230 GMTChinese markets closed for Labour Day holiday from May 1-5 By Anushree Mukherjee and Anmol Choubey May 2 (Reuters) - Gold gained on Friday as investors rushed to buy the metal a day after its prices hit a two...Reuters
Fri, May 2
BPCL Exec Says Getting Sufficient Cargoes Of Russian Oil Now
May 2 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NSBPCL EXEC: PROCESSED 24% OF RUSSIAN OIL IN MARCH QUARTERBPCL EXEC: GETTING SUFFICIENT CARGOES OF RUSSIAN OIL NOWBPCL EXEC: LOOKING TO SET UP EITHER 9 MTPA OR 12 MTPA REFINERY IN SOUTHERN ANDHRA PRADESH STATEBPCL EXEC:HOPES TO SET UP ANDHRA RE...Reuters
Fri, May 2
Shell reports Q1 profit of $5.58 billion, above expectations
LONDON, May 2 (Reuters) - Shell SHEL.L on Friday reported adjusted earnings, its definition of net profit, of $5.58 billion in the first quarter, above an average forecast of $4.96 billion in a company-provided analyst poll.Reuters
Fri, May 2
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $59.21 per barrel, up from Thursday’s close at $58.71.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $61.79 price posted on Thursday, and trading at $62.30.
Fxstreet
Fri, May 2
Mitsubishi forecasts 26% drop in annual profit, citing lack of capital gains
TOKYO, May 2 (Reuters) - Japanese trading house Mitsubishi Corp 8058.T forecast on Friday its net profit for the year ending March would fall 26% to 700 billion yen ($4.82 billion), citing the absence of major capital gains.Mitsubishi posted 950.7 billion yen in net profit for the year ended in Marc...Reuters
Fri, May 2
Japan's Mitsubishi annual profit down 1%, misses forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Mitsubishi Corp 8058.T on Friday posted 950.7 billion yen ($6.54 billion) in net profit for the year ended in March, down 1.4% from a year ago and slightly missing forecasts.An LSEG poll of analysts had expected Mitsubishi to post 957.1 billion yen in ...Reuters
Fri, May 2
METALS-Copper heads for weekly gain on hopes of US-China trade talks
May 2 (Reuters) - Copper prices rose on Friday and headed for modest weekly gains, as potential U.S. tariff talks with top consumer China eased trade concerns.Three-month copper on the London Metal Exchange CMCU3 was up 2% to $9,389 per metric ton, as of 0438 GMT. It has gained 0.1% this week."C...Reuters
Fri, May 2
Japan's Itochu annual profit rises 10%, slightly misses forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Itochu 8001.T on Friday posted 880.3 billion yen ($6 billion) in net profit for the year ended in March, up 10% from a year ago and slightly missing forecasts.A LSEG poll of analysts had expected Itochu to post 887 billion yen in net profit. The compan...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 SINGAPORE, May 2 (Reuters) - Chicago soybeans gained on Friday, with bargain-buying supporting prices, but the market was on track to end the week lower amid challenges a...Reuters
Fri, May 2
PRESS DIGEST- Financial Times - May 2
May 2 (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- Europe ready to make Trump a 50 billion euros trade offer, says EU negotiator- Activist investor's play for Upper Crust owner sets s...Reuters
Fri, May 2
Marubeni Ceo: Not Expecting Significant And Immediate Negative Impact On Our Businesses From Us Tariffs
May 2 (Reuters) - Marubeni Corp 8002.T:MARUBENI CEO: NOT EXPECTING SIGNIFICANT AND IMMEDIATE NEGATIVE IMPACT ON OUR BUSINESSES FROM US TARIFFSMARUBENI CEO: NEGATIVE IMPACT ON OUR GRAIN TRADE OPERATIONS FROM US-CHINA TRADE WAR IS EXPECTED TO BE LIMITEDMARUBENI CEO: MAY SEE POSITIVE IMPACTS FROM TRA...Reuters
Fri, May 2
Japan's Marubeni annual net profit up 7%, beats forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Marubeni 8002.T on Friday posted a 7% increase in net profit for the year ended in March at 503 billion yen ($3.5 billion), its second biggest ever and beating forecasts. A LSEG poll of analysts had forecast Marubeni's fiscal year net profit a...Reuters
Fri, May 2
RUBBER-Japan futures set for weekly gains as tariff concerns ease
SINGAPORE, May 2 (Reuters) - Japanese rubber futures ticked up for a fourth straight session on Friday, and were set for weekly gains on a weaker yen and signs of progress in Washington's trade talks with Japan and top consumer China. The Osaka Exchange (OSE) rubber contract for October delive...Reuters
Fri, May 2
Japan's Marubeni annual net profit up 7%, beats forecasts
TOKYO, May 2 (Reuters) - Japanese trading house Marubeni 8002.T on Friday posted 503 billion yen ($3.5 billion) in net profit for the year ended in March, up 7% from a year ago and beating forecasts. A LSEG poll of analysts had forecast Marubeni's fiscal year net profit at 498 billion yen. ...Reuters
Fri, May 2
