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Norway's Statkraft sells renewables portfolio in Canada
COPENHAGEN, Aug 1 (Reuters) - Norway's biggest utility, state-owned Statkraft, said on Friday it had agreed to sell its renewables portfolio in Canada, Enerfin Canada, to Atlantica Sustainable Infrastructure for an undisclosed sum.Statkraft said the deal included Enerfin Canada's staff, two ...Reuters
Fri, Aug 1
Food businesses offset commodity price hits at Japanese trading houses
Mitsui, Marubeni, Itochu benefit from food businessesBuffett's Berkshire Hathaway holds minority stakes in Japanese trading housesBy Katya Golubkova and Yuka Obayashi TOKYO, Aug 1 (Reuters) - Higher profits at the diversified food businesses run by Japanese trading houses offset weaker perfor...Reuters
Fri, Aug 1
PRECIOUS-Gold heads for weekly loss on stronger dollar
Trump hits dozens of countries with steep tariffsUS dollar index hovers near two-month highSilver, platinum, palladium set for weekly lossesBy Anmol Choubey Aug 1 (Reuters) - Gold prices ticked higher on Friday, supported by uncertainty stemming from a slew of U.S. tariffs slapped on trading part...Reuters
Fri, Aug 1
IAG Says As Of 29 July, 57% Booked For H2, With Booked Revenue In Line With Last Year
Aug 1 (Reuters) - International Consolidated Airlines Group SA ICAG.L:INTL CON AIRLINE GRP - HALF-YEAR REPORTIAG: Q2 OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS INCREASED BY 35.4% TO €1,680 MILLIONIAG H1 ADJUSTED REVENUE EUR 15,906 MILLIONIAG - CONFIDENT IN THE LONGER TERM OUTLOOK FOR IAGIAG - CONTIN...Reuters
Fri, Aug 1
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $68.75 per barrel, down from Thursday’s close at $68.87.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $71.60 after its previous daily close at $71.68.
Fxstreet
Fri, Aug 1
Trump increases tariff on Canada to 35% from 25%, cites fentanyl
New tariff rate increases from 25% to 35%Trump says Carney called but the two have not talked ahead of tariff deadlineCarney says disappointed by Trump's decisionLutnick says Trump may reconsider tariff on Canada if Carney turns on charm, removes retaliationBy Jasper Ward and Ryan Patrick JonesW...Reuters
Fri, Aug 1
ASIA GOLD-Gold demand in key Asian hubs improves amid price correction
Discount in India narrows to $7/oz this weekIndia's gold demand in 2025 may hit a 5-year low due to high prices, WGC saysChina offered discount of $4.2 to premium of $12 this weekBy Rajendra Jadhav and Anmol Choubey Aug 1 (Reuters) - Physical gold demand in key Asian markets improved slightly...Reuters
Fri, Aug 1
Engie H1 EBIT (Excluding Nuclear) EUR 5.1 Bln
Aug 1 (Reuters) - Engie SA ENGIE.PA:H1 EBIT (EXCLUDING NUCLEAR) EUR 5.1 BILLION, ORGANIC DECREASE OF 6.4% YOYH1 NET RECURRING INCOME, GROUP SHARE EUR 3.1 BILLION, ORGANIC DECREASE OF 15.9% YOYH1 REVENUE EUR 38.1 BILLIONFY 2025 GUIDANCE CONFIRMEDENGIE CEO: BELGIAN NUCLEAR REACTOR DOEL 4 EXPECTED BACK...Reuters
Fri, Aug 1
France's Engie posts 9.4% drop in first-half earnings
PARIS, Aug 1 - French utility Engie ENGIE.PA posted a 9.4% fall in half-year earnings on Friday, as higher income from natural gas distribution failed to offset lower energy prices and hydropower production.The company reported first-half earnings before interest and tax (EBIT), excluding nuclear, o...Reuters
Fri, Aug 1
EDPR Secures 384 MW Of Solar And Storage In US
Aug 1 (Reuters) - EDP Renovaveis SA EDPR.LS:384 MW SECURED IN US OF SOLAR AND STORAGESIGNED 20-YEAR PPA WITH AVA COMMUNITY ENERGY FOR CLEAN ENERGY GENERATED BY A 200 MWAC (265 MWDC) SOLAR PROJECTPROJECTS, IN FRESNO COUNTY, CALIFORNIA ARE SCHEDULED TO BEGIN COMMERCIAL OPERATIONS IN 2026PPA ALSO INCLU...Reuters
Fri, Aug 1
Mitsui & Co CFO: U.S. Tariffs Have Not Had A Negative Impact On Our First-Quarter Earnings
Aug 1 (Reuters) - Mitsui & Co Ltd 8031.T:MITSUI & CO CFO: U.S. TARIFFS HAVE NOT HAD A NEGATIVE IMPACT ON OUR FIRST-QUARTER EARNINGSMITSUI CFO: STILL ASSESSING THE SITUATION AT THE MOZAMBIQUE LNG PROJECT AND DECLINE TO COMMENT ON THE TIMELINE FOR CONSTRUCTION RESTARTMITSUI CFO: WE ARE BECOMIN...Reuters
Fri, Aug 1
Australia eyes more US exports as Trump holds tariffs at 10%
New Zealand's tariffs raised to 15% from 10%Australian products cheaper due to lower tariffsAustralian trade minister: 'Cool and calm' talks helped usBy Renju Jose and Lucy Craymer SYDNEY/WELLINGTON, Aug 1 (Reuters) - Australian products could become more competitive in the U.S. marke...Reuters
Fri, Aug 1
South Korea copper exports to US expected to fall due to tariffs, trade ministry says
SEOUL, Aug 1 (Reuters) - South Korea's trade ministry said on Friday that exports of copper products to the United States were expected to decline due to a 50% tariff on copper announced by U.S. President Donald Trump.The ministry said in a statement that it would actively respond to minimise th...Reuters
Fri, Aug 1
Europe Inc wakes up to Trump's new tariff reality
European companies face shipment delays and reassess supply chainsLuxury brands and big firms adapt with pricing power or production shiftsSmaller firms struggle with tariff impact, seek new markets or strategiesTrump tariffs highest since 1930s, impacting global tradeChampagne and perfume producers...Reuters
Fri, Aug 1
RPT-COLUMN-Copper market pays the price for forgetting its TACO hedge: Andy Home
By Andy Home LONDON, July 31 (Reuters) - The copper market got the tariff right but the products wrong. U.S. President Donald Trump's proclamation "to address the effects of copper imports on America's national security" was not what traders were expecting. There will be 50% tarif...Reuters
Fri, Aug 1
EXCLUSIVE-Pakistan to get first US oil shipment as Cnergyico seals import deal
Pakistan's first US crude purchase announced after landmark trade dealDeal diversifies crude sourcing, reduces reliance on Middle Eastern suppliersCnergyico plans refinery upgrades, expects demand growthCnergyico may import at least one US crude cargo per month if viableBy Ariba Shahid and Sudar...Reuters
Fri, Aug 1
FOCUS-China's solar giants quietly shed a third of their workforces last year
Over 40 solar firms have delisted, gone bankrupt or been sold since 2024Job losses took place as companies attempted to cut costs, analysts sayMore cuts to industry capacity are needed, analysts and industry insiders sayBeijing signals intervention to cut capacity, stabilize pricesBy Colleen Howe ...Reuters
Fri, Aug 1
Canada PM says he is disappointed as Trump orders tariff hike
Aug 1 (Reuters) - Canadian Prime Minister Mark Carney said he was disappointed after US President Donald Trump signed an executive order to raise tariffs on Canadian goods to 35% from 25% on products outside the scope of the U.S.-Mexico-Canada trade agreement.The move, which Washington linked in par...Reuters
Fri, Aug 1
