News
Important Only
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
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $65.25 per barrel, up from Friday’s close at $64.85.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $67.60.
Fxstreet
Mon, Jul 28
FACTBOX-Key elements of EU-U.S. trade deal agreed on Sunday
July 28 (Reuters) - The U.S. and the European Union agreed on a framework trade deal on Sunday, ending months of uncertainty for industry 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% baseline ...Reuters
Mon, Jul 28
COLUMN-EU Russia sanctions add fuel to red-hot global diesel market: Bousso
Diesel demand remains strong in US, India and ChinaLow diesel stocks support refining margins amid supply disruptionsEU sanctions on Russia to reshape global diesel flows, impact Indian refinersBy Ron Bousso LONDON, July 28 (Reuters) - New European Union sanctions targeting Russia's oil indus...Reuters
Mon, Jul 28
Wind turbine maker Nordex posts Q2 earnings above consensus
July 28 (Reuters) - Wind turbine maker Nordex NDXG.DE on Monday reported second quarter core earnings that were above analysts' consensus forecasts.The German onshore wind turbine company posted earnings before interest, tax, depreciation and amortisation (EBITDA) of 108.2 million euros ($127.09...Reuters
Mon, Jul 28
Wind turbine maker Nordex posts Q2 earnings above consensus
July 28 (Reuters) - Wind turbine maker Nordex NDXG.DE on Monday reported second quarter core earnings that were above analysts' consensus forecasts.The German onshore wind turbine company posted earnings before interest, tax, depreciation and amortisation (EBITDA) of 108.2 million euros ($127.09...Reuters
Mon, Jul 28
TECHNICALS-CBOT soybeans may retest support at $10.12-1/4
For more technical analyses, please click SINGAPORE, July 28 (Reuters) - The CBOT soybean November contract SX25 may retest support at $10.12-1/4 per bushel, a break below could open the way toward $10.06-3/4. The fall from $10.74-1/4 could have adopted a double-zigzag mode, which consists of seven ...Reuters
Mon, Jul 28
CK Hutchison in talks to invite Chinese investor for ports sale after Beijing's scrutiny
CK Hutchison shares rise 1.6%, outperforming Hang Seng IndexCOSCO looking to join consortium, source saysAll regulators must approve deal, CK Hutchison saysBy Clare Jim and Scott Murdoch HONG KONG, July 28 (Reuters) - CK Hutchison 0001.HK said on Monday it was in talks with a consortium pursuing ...Reuters
Mon, Jul 28
WTI gains traction to near $65.00 as US-EU confirm 15% tariff deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.90 during the Asian trading hours on Monday. The WTI edges higher as the European Union (EU) agrees to the United States (US) trade deal ahead of the deadline.Fxstreet
Mon, Jul 28
COLUMN-EU's pledge for $250 billion of US energy imports is delusional: Russell
By Clyde Russell LAUNCESTON, Australia, July 28 (Reuters) - There are strong echoes of Donald Trump's failed trade deal with China from his first term as U.S. president in the framework agreement reached with the European Union.Trump and EU Commission President Ursula von der Leyen announced ...Reuters
Mon, Jul 28
