News
Important Only
Russia-backed Indian refiner Nayara takes Microsoft to court over outage
NEW DELHI, July 28 (Reuters) - Russia-backed Indian refiner Nayara Energy Monday said it has started legal proceedings against Microsoft MSFT.O following the abrupt and unilateral suspension of critical services by the U.S.-headquarterd software giant. "Microsoft is currently restricting Nayara ...Reuters
Mon, Jul 28
PRECIOUS-Gold subdued by risk-on mood after US-EU tariff deal; focus on Fed
US, EU avert trade war with 15% tariff agreementEuropean shares hit four-month high after US-EU dealUS, China to resume tariff talks in StockholmBy Brijesh Patel July 28 (Reuters) - Gold prices steadied on Monday, with gains curbed by improved risk sentiment following a trade deal between the Uni...Reuters
Mon, Jul 28
FACTBOX-Key elements of EU-US trade deal
BRUSSELS, July 28 (Reuters) - The United States and the European Union agreed on a framework trade deal, ending months of uncertainty for industries and consumers on both sides of the Atlantic. Here are the main elements of the deal:* Almost all EU goods entering the U.S. will be subject to a 15...Reuters
Mon, Jul 28
OPEC+ panel to meet on Monday at 1300 GMT, sources say
By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON/MOSCOW, July 28 (Reuters) - An OPEC+ panel will meet online at 1300 GMT on Monday to review compliance with output agreements and discuss the market outlook, ahead of Sunday's separate gathering of eight OPEC+ members to decide on incr...Reuters
Mon, Jul 28
Spanish oil company Moeve's profit falls on blackout impact
MADRID, July 28 (Reuters) - Spain's second-largest oil refiner Moeve, formerly known as Cepsa, said on Monday its net profit fell 19% in the first half of the year mainly due to the impact of a massive power blackout in April in Spain and Portugal on its refineries.Its net income dropped to 324 ...Reuters
Mon, Jul 28
Global slowdown could dampen demand for Indian exports, finance ministry report says
NEW DELHI, July 28 (Reuters) - A global slowdown could further dampen demand for Indian exports and continued uncertainty on U.S. tariffs may weigh on the country's trade performance in coming quarters, India's finance ministry said in its monthly economic report.India's goods exports fe...Reuters
Mon, Jul 28
Italy's Meloni says it's a 'positive' trade deal was reached, calls for clarity
A 15% rate is sustainable if includes previous tariffs - MeloniRome wants clarity on exemptions for agricultural productsSeeking better understanding of provisions on investments in US ROME, July 28 (Reuters) - Italy's Prime Minister Giorgia Meloni welcomed the fact that a trade deal has been...Reuters
Mon, Jul 28
EUROPE GAS-Prices little changed amid strong supply, US-EU trade deal
LONDON, July 28 (Reuters) - Dutch and British wholesale gas prices were little changed on Monday morning as more supply from Norway helped to offset strong demand from power plants, and as news of the U.S.-EU trade deal helped ease concerns about a broad economic slowdown.The benchmark Dutch front-m...Reuters
Mon, Jul 28
Europe Inc swerves Trump trade war 'hurricane' but laments higher tariffs
EU-US trade deal imposes broad 15% tariff, below 30% threatDeal helps temper trade uncertaintyAircraft parts, some chemicals, semiconductors among exemptionsRate for spirits and wine still being negotiated LONDON, July 28 (Reuters) - European companies were left wondering on Monday whether to che...Reuters
Mon, Jul 28
EXPLAINER-Why Big Alcohol needs US tariff relief in five charts
Drinks groups hope to be exempted from 15% US tariff on EU goodsEU alcohol exports to US topped $10 billion in 2024Cognac and champagne makers particularly reliant on US marketBy Emma Rumney and Jessica DiNapoli LONDON/NEW YORK, July 27 (Reuters) - European Union wine and spirits producers could ...Reuters
Mon, Jul 28
METALS-Shanghai metals soften on trade talk caution, tepid demand
By Hongmei Li SINGAPORE, July 28 (Reuters) - The most-traded metals contracts on the Shanghai Futures Exchange lost ground on Monday after last week's gains, amid seasonally low demand and as cautious traders watched the trade talks between U.S. and China, the world's top two economies. ...Reuters
Mon, Jul 28
FACTBOX-CK Hutchison: Global conglomerate caught in US-China trade spat
July 28 (Reuters) - CK Hutchison 0001.HK said on Monday it was in talks with a consortium pursuing its $22.8 billion ports business to add a Chinese "major strategic investor" to the bid, after Beijing flagged a probe into the deal amid heightened Sino-U.S. tension.The Hong Kong-based conglo...Reuters
Mon, Jul 28
Cox makes $4.7 bln offer for Iberdrola's Mexican assets, El Confidencial says
July 28 (Reuters) - Spanish renewable energy and water company Cox COXGA.MC has submitted an offer to take over Iberdrola's IBE.MC assets in Mexico worth around 4 billion euros ($4.69 billion), newspaper El Confidencial said on Monday, citing unnamed sources close to the process.Spanish utility ...Reuters
Mon, Jul 28
Ukraine signs first Transbalkan gas deal with Azerbaijan's SOCAR
KYIV, July 28 (Reuters) - Ukraine's state-owned oil and gas major Naftogaz has signed its first deal with Azerbaijan's SOCAR to import natural gas via the Transbalkan route, it said on Monday."For the first time, a test shipment of gas is being delivered through the Transbalkan route alo...Reuters
Mon, Jul 28
South Korea says US trade talks include defence spending rise, US weapons purchases
SEOUL, July 28 (Reuters) - South Korea's presidential office said on Monday trade talks with the United States included discussions on increasing defence spending and U.S. weapons purchase. The presidential office also said U.S. demands covered agriculture and livestock, and South Korea was tryi...Reuters
Mon, Jul 28
Ukraine signs first Transbalkan gas deal with Azerbaijan's SOCAR
KYIV, July 28 (Reuters) - Ukraine's state-owned oil and gas major Naftogaz has signed its first deal with Azerbaijan's SOCAR to import natural gas via the Transbalkan route, it said on Monday."For the first time, a test shipment of gas is being delivered through the Transbalkan route alo...Reuters
Mon, Jul 28
PRECIOUS-Gold rises as soft dollar offsets risk-on mood from US-EU tariff deal
US and EU avert trade war with 15% tariff dealUS-China to resume tariff talks in StockholmBy Anmol Choubey July 28 (Reuters) - Gold prices climbed in choppy trading on Monday, as a weaker dollar helped offset pressure from improved risk appetite following a trade framework agreement between the U...Reuters
Mon, Jul 28
