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Bunge exploring alternative shipping routes amid Middle East conflict
March 5 (Reuters) - Global grains trader Bunge BG.N is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a spokesperson told Reuters.Reuters
Thu, Mar 5
Russia accuses US and Israel of trying to drag Arab countries into a wider Middle East conflict
MOSCOW, March 5 (Reuters) - Russia on Thursday accused the United States and Israel of trying to drag Arab countries into a wider Middle East conflict by provoking Iran into striking at targets across the region."They deliberately provoked Iran into retaliatory strikes against targets in some Ar...Reuters
Thu, Mar 5
PRECIOUS-Gold rises on Iran war safe-haven bid; firm dollar limits upside
Israel launches strikes on IranWeekly U.S. jobless claims data due at 1330 GMTFebruary U.S. employment report due on Friday By Pablo Sinha March 5 (Reuters) - Gold prices rose on Thursday, lifted by safe-haven demand amid an escalating war in the Middle East, while a stronger dollar and concerns...Reuters
Thu, Mar 5
Hapag-Lloyd implements contingency procedures for Gulf shipments
BERLIN, March 5 (Reuters) - German shipping company Hapag-Lloyd HLAG.DE said on Thursday it would implement contingency procedures for shipments that are already in transit to and from the Upper Gulf region following the suspension of all shipments to and from the area. Measures, such as deviating v...Reuters
Thu, Mar 5
Iran says it hits U.S. oil tanker in Gulf, no immediate confirmation
DUBAI, March 5 (Reuters) - Iran's Revolutionary Guards said on Thursday that they had hit a U.S. tanker in the northern part of the Gulf and the vessel was on fire. There was no immediate confirmation of the incident or of a similar attack that Iran claimed earlier this week.The Guards said in t...Reuters
Thu, Mar 5
Italy ready to hike taxes on firms that speculate on energy prices, PM says
ROME, March 4 (Reuters) - Italy is ready to hike taxes on companies that take undue benefits from the rise in gas prices triggered by the Middle East crisis, Prime Minister Giorgia Meloni said on Thursday.In an interview with radio broadcaster RTL 102.5, Meloni also reiterated Italy was in favour of...Reuters
Thu, Mar 5
Gold and Silver Stage Deep V-Shaped Reversal as Market Closely Watches Global Central Bank Speeches and Geopolitical Risks
TradingKey - Gold and silver prices witnessed a deep V-shaped reversal during the Asian trading session. Earlier, Bloomberg reports suggested that the Bank of Japan is leaning toward maintaining interest rates at its March policy meeting, while not ruling out the possibility of a rate hike in April. Following this news, gold prices briefly turned negative during intraday trading.
Greece's PPC, Metlen to develop battery storage across Romania, Bulgaria, Italy
March 5 (Reuters) - Greece's PPC DEHr.AT said on Thursday it has signed a 50-50 joint venture agreement with Metlen MTLN.L to develop, construct and operate up to 1,500 MW (3,000 MWh) of battery energy storage projects across Romania, Bulgaria and Italy, securing a significant portion of its ene...Reuters
Thu, Mar 5
China's new five-year plan calls for AI throughout its economy, tech breakthroughs
China chases breakthroughs in AI, chips, space, nuclear and quantumHopes AI will transform manufacturing, boost productivityChina to invest in basic research, building STEM talent baseBy Laurie Chen and Eduardo Baptista BEIJING, March 5 (Reuters) - China's new five-year policy blueprint laid ...Reuters
Thu, Mar 5
Zenith Energy Announces Acquisition Of Additional Photovoltaic Development Project In Italy
March 5 (Reuters) - Zenith Energy Ltd ZENZ.L:ZENITH ENERGY LTD - SOLAR ACQUISITION AND GAS SUPPLY GROWTHZENITH ENERGY: ANNOUNCE ACQUISITION OF ADDITIONAL PHOTOVOLTAIC DEVELOPMENT PROJECT IN PUGLIA REGION OF ITALYZENITH ENERGY: EXPECTS THE PROJECT TO REACH READY-TO-BUILD ("RTB") STATUS BY F...Reuters
Thu, Mar 5
MSC imposes war surcharge on shipments to Africa and Indian Ocean islands
March 5 (Reuters) - Shipping company MSC said on Thursday it would implement a "war surcharge" for cargoes moving to African nations and Indian Ocean islands from the Indian subcontinent and the Gulf countries, after maritime traffic was affected in the Straits of Hormuz and Bab El-Mandeb.Th...Reuters
Thu, Mar 5
Passage through the strait of Hormuz during war will be under Iran's control, Revolutionary Guards say
DUBAI, March 5 (Reuters) - Iran's revolutionary guards said on Thursday that they have hit a U.S. tanker in the northern part of the Gulf and the vessel is on fire.The Guards said in the statement carried by state media that, in time of war, passage through the Strait of Hormuz will be under the...Reuters
Thu, Mar 5
PRECIOUS-Gold edges higher on safe-haven demand as Middle East conflict intensifies
U.S. submarine sinks Iranian warship near Sri LankaWeekly U.S. jobless claims data due later in the dayGold prices to remain volatile due to uncertainty, analyst saysBy Noel John March 5 (Reuters) - Gold prices edged higher on Thursday as the widening Middle East conflict drove investors towards ...Reuters
Thu, Mar 5
European gas: Upside risks build on Russian supply threat – ING
ING’s Warren Patterson and Ewa Manthey warn that European gas faces growing upside risks after President Putin signalled Russia could redirect gas away from the EU, just as global LNG flows from the Persian Gulf are disrupted.Fxstreet
Thu, Mar 5
TECHNICALS-CBOT corn may retest support at $4.40-3/4
SINGAPORE, March 5 (Reuters) - CBOT corn CK26 may retest support at $4.40-3/4 per bushel; a break below that may trigger a fall to $4.38-1/4.The bounce off support is classified as a pullback toward a rising trendline, but the pullback has been a bit overdone.The pattern around $4.51-1/2 looks like ...Reuters
Thu, Mar 5
Malaysia announces measures to safeguard its exports amid Middle East conflict
KUALA LUMPUR, March 5 (Reuters) - Malaysia's trade agency announced measures on Thursday to safeguard the country's exports amid rising geopolitical tensions arising from the military conflict in the Middle East.The agency is actively encouraging Malaysian exporters to reroute and diversify ...Reuters
Thu, Mar 5
TABLE-North Sea gas maintenance schedule: Revises Ormen Lange outage
March 5 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
Thu, Mar 5
ANALYSIS-Europe faces gas storage scramble as Iran conflict tightens supply
Europe's gas storage at 5-year lowRefilling will require extra 180 LNG cargoes y/yIran conflict cuts supply, lift pricesEuropean benchmark gas at highest since early 2023By Nora Buli OSLO, March 5 (Reuters) - Europe's already huge task of refilling gas storage for next winter has suddenly...Reuters
Thu, Mar 5
Gold gains on safe-haven demand as Middle East conflict widens
U.S. submarine sinks Iranian warship near Sri LankaWeekly U.S. jobless claims data due later in the dayGold prices to remain volatile due to uncertainty, analyst saysBy Noel John March 5 (Reuters) - Gold prices climbed on Thursday as a widening conflict involving the U.S., Israel and Iran drove iReuters
Thu, Mar 5
