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PRESS DIGEST-Canada - August 1
Aug 1 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- U.S. President Donald Trump has raised tariffs on certain Canadian goods to 35%, escalating trade tensions as talks ...Reuters
Fri, Aug 1
Enbridge beats second-quarter profit estimates
Aug 1 (Reuters) - Enbridge ENB.TO beat estimates for second-quarter profit on Friday, as the Canadian pipeline operator capitalized on growing power demand and strong natural gas fundamentals.The company reported an adjusted profit of 65 Canadian cents per share for the quarter ended June 30, beatin...Reuters
Fri, Aug 1
AngloGold Ashanti raises dividend after 151% second-quarter profit leap
Aug 1 (Reuters) - AngloGold Ashanti's AU.N second-quarter profit jumped 151% on record gold prices and increased output, allowing the company to bump up its quarterly dividend, it said on Friday.The gold miner's headline earnings were $639 million in the three months to June 30, up from $255...Reuters
Fri, Aug 1
India engaged in further trade talks with US, Indian government source says
By Manoj Kumar NEW DELHI, Aug 1 (Reuters) - India is engaged in trade talks with the United States, an Indian government source with knowledge of the discussions said on Friday, a day after U.S. President Donald Trump signed an order imposing a 25% tariff on New Delhi's exports.Trump set ste...Reuters
Fri, Aug 1
India's stranded renewable projects double to over 50 GW, industry documents show
By Sudarshan VaradhanSINGAPORE, Aug 1 (Reuters) - India's stranded renewable power capacity - projects awarded but unable to come online - more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government s...Reuters
Fri, Aug 1
Exxon beats profit estimates with higher production despite weak oil prices
By Sheila Dang HOUSTON, Aug 1 (Reuters) - Exxon Mobil XOM.N beat Wall Street estimate for second-quarter profit on Friday as higher oil and gas production helped the top U.S. oil producer overcome lower crude prices.Adjusted earnings during the second quarter were $7.1 billion, or $1.64 per share...Reuters
Fri, Aug 1
How Moscow might respond if Trump stops Russian oil to India
MOSCOW, July 31 (Reuters) - U.S. President Donald Trump's demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis.India, the world's third ...Reuters
Fri, Aug 1
Pembina Pipeline Enters Into LPG Export Agreement With Altagas Ltd.
Aug 1 (Reuters) - Pembina Pipeline Corp PPL.TO:PEMBINA PIPELINE ENTERS INTO LPG EXPORT AGREEMENT WITH ALTAGAS LTD.PEMBINA PIPELINE CORP - SECURES 30,000 BPD LPG EXPORT CAPACITY WITH ALTAGASPEMBINA PIPELINE CORP - SECURES 20,000 BPD CAPACITY IN 2026, 10,000 BPD IN 2027Reuters
Fri, Aug 1
Chevron beats Wall Street profit estimates with record production
Adjusted earnings for qtr $1.77 per share vs $1.70 consensusGlobal production totaled record 3.4 million boedCapital expenditure declined 7.5%Targeting up to $3 billion in cost cuts by end of next yearBy Sheila Dang HOUSTON, Aug 1 (Reuters) - Chevron CVX.N beat analyst estimates for second-quarte...Reuters
Fri, Aug 1
Gas operator Dorian's LPG Q1 revenue misses expectations, drops 26.4% yr/yr
OverviewDorian LPG fiscal Q1 revenue misses analyst expectations, declining 26.4% yr/yrAdjusted EPS for fiscal Q1 misses consensus, impacted by market volatility and expensesCompany declares irregular cash dividend of $0.60 per share, totaling $25.6 mlnOutlookDorian LPG cites positive outlook despit...Reuters
Fri, Aug 1
EUROPE GAS-Prices steady as outages and global demand lend support
Aug 1 (Reuters) - Dutch and British wholesale gas prices were largely flat on Friday morning, supported by outages and concerns over a tighter global market, partly offset by increasing wind power generation that is expected to reduce demand for gas-fired power next week.The benchmark Dutch front-mo...Reuters
Fri, Aug 1
US tax credits on batteries hinges on Chinese content level, Engie CEO says
PARIS, Aug 1 (Reuters) - The chief executive of France's Engie ENGIE.PA said on Friday that a decision on whether Engie keeps U.S. tax credits on battery projects will hinge on whether it is below the threshold for Chinese content.Catherine MacGregor made the comments during an analyst call afte...Reuters
Fri, Aug 1
Slovakia's Slovenske Elektrarne Signs MoU With Synthos Green Energy On Small Modular Reactors
Aug 1 (Reuters) - SLOVAK UTILITY SLOVENSKE ELEKTRARNE: SIGNS MEMORANDUM OF UNDERSTANDING WITH SYNTHOS GREEN ENERGY ON SMALL MODULAR REACTORSSLOVENSKE ELETRARNE: MOU TO EXPLORE COOPERATION IN DEVELOPMENT AND DEPLOYMENT OF GE HITACHI’S BWRX-300 SMALL MODULAR REACTORS (SMRS) IN CENTRAL AND EASTERN EURO...Reuters
Fri, Aug 1
EXCLUSIVE-Pakistan to buy first-ever US oil cargo in Cnergyico deal with Vitol
Pakistan's first US crude purchase after landmark trade dealDeal diversifies crude sourcing, cuts reliance on Middle EastCnergyico considering buying at least one US crude cargo a monthCompany planning refinery upgrades, expects local demand growthBy Ariba Shahid and Sudarshan Varadhan KARACH...Reuters
Fri, Aug 1
China buys more Argentine soymeal as feedmakers seize on cheaper prices, sources say
By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Aug 1 (Reuters) - A Chinese buyer has signed a deal this week to import 30,000 metric tons of Argentine soymeal, as feed producers move to lock in cheaper supplies from South America, two trade sources told Reuters on Friday.The cargo, priced at $...Reuters
Fri, Aug 1
METALS-Copper prices mixed as US tariff exemption sparks market readjustment
By Lucas Liew Aug 1 (Reuters) - Copper prices were mixed on Friday as investors readjusted to a decision by the United States to exempt refined copper from a proposed 50% tariff.Three-month copper on the London Metal Exchange CMCU3 edged up 0.15% to $9,625.5 per metric ton by 0708 GMT. It is, ho...Reuters
Fri, Aug 1
China 2025 copper output set to hit record high despite feedstock shortages
China 2025 refined copper output growth estimated at 7.5%-12% Increase will take China's share of global output to nearly 60%Analysts revise up forecasts for China's copper demandBy Amy Lv and Lewis Jackson BEIJING, Aug 1 (Reuters) - China's refined copper output is set to hit a recor...Reuters
Fri, Aug 1
