News
Important Only
US wants to allow limited Oil production in Venezuela again – Commerzbank
The US government is apparently considering allowing US Oil companies to resume limited operations in Venezuela. This was reported by five sources familiar with the matter, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Jul 29
ANALYSIS-China stake in CK Hutchison port sale could ease Beijing pressure but US geopolitical risks remain
Deal underscores China-US battle for global maritime influenceChina pushing state shipping giant COSCO as investor, sources U.S. likely to oppose COSCO's involvement, analystRegulatory approval could take years, analysts By James Pomfret, Clare Jim and Davide Barbuscia HONG KONG/NEW YORK, Jul...Reuters
Tue, Jul 29
UPS posts fall in second-quarter profit and revenue
July 29 (Reuters) - United Parcel Service UPS.N reported a decline in second-quarter profit and revenue on Tuesday, as demand took a hit from new "de minimis" tariffs on low-value Chinese shipments and mounting risks from President Donald Trump's trade policies.The company reported adjus...Reuters
Tue, Jul 29
Comex Copper slumps as Chile seeks tariff exemption – ING
Copper prices on Comex slumped after Chile’s finance minister said the country will push for an exemption for a planned US tariff on the metal. Trade talks between the US and Chile started in Washington on Monday, ING’s commodity analysts Warren Patterson and Ewa Manthey note.Fxstreet
Tue, Jul 29
EUROPE GAS-Prices rangebound on strong supply
LONDON, July 29 (Reuters) - Dutch and British wholesale gas prices rose slightly on Tuesday morning, trading in a narrow range, on strong supply and remarks from U.S. President Trump suggesting a shortened deadline for Russia to agree to a ceasefire in Ukraine.The benchmark Dutch front-month contrac...Reuters
Tue, Jul 29
Houthis say they hold 10 crew from Greek-operated ship they sank off Yemen
CAIRO/ATHENS, July 28 (Reuters) - Yemen's Iran-aligned Houthis said on Monday they had rescued 10 seafarers from the Greek-operated cargo ship Eternity C, which they attacked and sank in the Red Sea earlier this month. The Liberia-flagged Eternity C was the second ship to sink off Yemen this mon...Reuters
Tue, Jul 29
CORRECTED-Ghana cancels $1.2 billion bauxite deal, eyes global partnership, sources say
GIADEC seeks new investors, including EGA and Chinese firms - sourcesEGA eyeing new supplies after losing Guinea agreementBy Maxwell Akalaare Adombila ACCRA, July 28 (Reuters) - Ghana has cancelled a $1.2 billion bauxite lease with local firm Rocksure International, seeking a partnership instead ...Reuters
Tue, Jul 29
Uber loses UK Supreme Court appeal over tax on rival apps
LONDON, July 29 (Reuters) - Uber's UBER.N rival taxi operators will not face a 20% tax charge on their profit margins outside of London after the United Kingdom's Supreme Court on Tuesday ruled that private-hire operators do not enter into a contract with passengers.Uber had brought the case...Reuters
Tue, Jul 29
Chubu Elec still aims to complete review of offshore wind projects in summer
By Yuka Obayashi TOKYO, July 29 (Reuters) - Chubu Electric Power 9502.T said on Tuesday its C-Tech unit is still reviewing the feasibility of domestic offshore wind projects with its partner and aims to complete the assessment around this summer.In 2021, Mitsubishi Corp 8058.T, together with C-Te...Reuters
Tue, Jul 29
Russia-backed Nayara taps Indian IT firm after Microsoft suspends service, sources say
By Nidhi Verma NEW DELHI, July 29 (Reuters) - Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has turned to domestic firm Rediff.com after the U.S. tech giant Microsoft MSFT.O suspended IT services, three sources familiar with the matter said.Nayara, which h...Reuters
Tue, Jul 29
Beijing's extreme rain 'trap' kills at least 30, displaces thousands
At least 30 people dead as extreme rain hits BeijingMore than 80,000 Beijing residents relocatedAt least eight dead, villages flooded on Monday in neighbouring regionsBy Liz Lee and Xiuhao ChenBEIJING, July 29 (Reuters) - Extreme weather killed at least 30 people in Beijing after a year's worth ...Reuters
Tue, Jul 29
METALS-Copper prices ease on caution amid tariff talks
By Lucas Liew July 29 (Reuters) - Copper prices slipped on both the London and Shanghai exchanges on Tuesday, as traders weighed U.S.-China negotiations and the talks between the world's top copper producer Chile and the U.S. over the latter's 50% copper tariffs from August 1.The three-m...Reuters
Tue, Jul 29
RPT-ANALYSIS-EU's $250 billion-per-year spending on US energy is unrealistic
EU pledges $250 bln/yr spend on U.S energy for three yearsWould require huge redirection of U.S. energy exportsAgreement not legally bindingEU companies, not the Commission or EU entities, buy energy By Kate Abnett and Arathy Somasekhar BRUSSELS/HOUSTON, July 28 (Reuters) - The European Union'...Reuters
Tue, Jul 29
Russia-backed Nayara taps Indian IT firm as Microsoft suspends service, sources say
By Nidhi Verma NEW DELHI, July 29 (Reuters) - Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has turned to domestic firm Rediff.com after tech giant Microsoft MSFT.O suspended services, three sources familiar with the matter said.Nayara, which has condemned...Reuters
Tue, Jul 29
Iberdrola's Avangrid Signs PPA With Google For More Than 100 MW In Oregon
July 29 (Reuters) - Iberdrola SA IBE.MC:UNIT AVANGRID SIGNS POWER PURCHASE AGREEMENT (PPA) WITH GOOGLE FOR MORE THAN 100 MEGAWATTS (MW) OF ENERGY FROM 'LEANING JUNIPER IIB' PROJECTPROJECT, LOCATED IN GILLIAM COUNTY, OREGON, SUPPLIES POWER TO GOOGLE'S DATA CENTERS IN NEARBY THE DALLESPROJ...Reuters
Tue, Jul 29
