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BREAKINGVIEWS-War for Chinese talent is next trade flashpoint
By Robyn Mak HONG KONG, July 4 (Reuters Breakingviews) - The United States' trade war with China has so far focused on electronics, cars and other goods. But a new front may be emerging: talent. Contract-manufacturer Foxconn 2317.TW has told hundreds of Chinese engineers and technicians in it...Reuters
Fri, Jul 4
PRESS DIGEST-British Business - July 4
July 4 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Specialised life insurance group Athora has agreed to buy UK insurer Pension Insurance Corporation (PIC), for abo...Reuters
Fri, Jul 4
METALS-Copper set for weekly gains; potential US tariffs on metal eyed
By Hongmei Li SINGAPORE, July 4 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange were set for a second straight weekly gain on Friday, despite minor fluctuations, while traders looked out for potential U.S. tariffs on copper imports.Three-month copper CMCU3 on ...Reuters
Fri, Jul 4
PRESS DIGEST- Financial Times - July 4
July 4 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Glovo pauses 'heat bonuses' for Italian food delivery workers after backlash- Full EU-US trade deal 'impossible' before...Reuters
Fri, Jul 4
Bolivian congress brawls over China, Russia lithium deals
LA PAZ, July 3 (Reuters) - Bolivia's energy minister was doused with water and pelted with garbage on Thursday as chaos erupted in congress during a debate on controversial lithium contracts with Chinese and Russian firms that could bring in investments worth some $2 billion. It was the latest ...Reuters
Fri, Jul 4
Marathon Galveston Bay Refinery hydrotreater to remain shut until September, sources say
By Erwin SebaHOUSTON, July 3 (Reuters) - A fire-damaged hydrotreater at Marathon Petroleum's MPC.N Galveston Bay Refinery in Texas will remain shut until September, sources familiar with plant operations said on Thursday. All other units at the 631,000-barrel-per-day (bpd) refinery in Texas City...Reuters
Fri, Jul 4
Oil prices steady on solid job market, tariff uncertainty
By Arathy Somasekhar July 4 (Reuters) - Oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on President Donald Trump's plans for tariffs on various countries. Brent...Reuters
Fri, Jul 4
Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say
By Sheila Dang HOUSTON, July 3 (Reuters) - The arbitrators in a legal dispute between Exxon Mobil XOM.N and Hess HES.N have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter.The ruling will determine whether Chevron CVX.N can move ...Reuters
Fri, Jul 4
Clean-energy backers blast US budget bill as a setback
WASHINGTON, July 3 (Reuters) - Advocates of clean energy on Thursday decried the final passage of President Donald Trump's tax cut bill by the House of Representatives as a reversal of course on the energy transition, while fossil-fuel interests rejoiced.Reuters
Fri, Jul 4
AGL Energy buys South Australia's Virtual Power Plant from Tesla
July 4 (Reuters) - AGL Energy AGL.AX said on Friday it had acquired South Australia's Virtual Power Plant (SAVPP) from Tesla TSLA.O, as the Australian power retailer looks to ramp up its battery storage capacity to drive green energy transition.The deal comes as AGL seeks to fulfil its promise o...Reuters
Fri, Jul 4
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 4 (Reuters) - Contract Target Support/Resistance Brent oil $68.35res $69.07/$69.22/$69.49Palm oil (3rd month)4,055/4,041/3,996 ringgitres 4,112/4,133/4,156 ringgitWTI* $66.52/$65.75res $67.75/$68.51Spot gold$3,306/$3,293res $3,338/$3,348...Reuters
Fri, Jul 4
AGL Energy Acquires South Australia's Virtual Power Plant From Tesla
July 4 (Reuters) - AGL Energy Ltd AGL.AX:AGL LAUNCHES AGL COMMUNITY POWER AND ACQUIRES SOUTH AUSTRALIA'S VIRTUAL POWER PLANT (SAVPP) FROM TESLAACQUIRED 100 PER CENT OF SOUTH AUSTRALIA’S VIRTUAL POWER PLANT (SAVPP), FROM TESLAReuters
Thu, Jul 3
Marathon Galveston Bay, Texas hydrotreater to remain shut until September, sources say
HOUSTON, July 3 (Reuters) - A fire-damaged hydrotreater at Marathon Petroleu's MPC.N Galveston Bay Refinery in Texas will remain shut until September, sources familiar with plant operations said Thursday. All other units at the 631,000-barrel-per-day (bpd) refinery in Texas City, Texas, are oper...Reuters
Thu, Jul 3
Barclays raises Brent forecast to $72 per barrel for 2025
July 3 (Reuters) - Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand."Geopolitical tensions have eased as the U.S.-mediated ceasefire between Israel and Iran continues to hold ...Reuters
Thu, Jul 3
US Cash Crude-Grades firm as WTI/Brent spread widens
July 3 (Reuters) - Grades edged higher on Thursday, dealers said, as the spread between U.S. crude futures and Brent widened. WTI at East Houston WTC-MEH, also known as MEH, rose 5 cents to its highest in nearly a month. Mars rose $1. U.S. crude futures' discount to Brent widened to as much as m...Reuters
Thu, Jul 3
US Cash Grains-Soy, corn bids flat to higher as futures tick up
CHICAGO, July 3 (Reuters) - Spot basis bids for corn and soybeans were steady to higher in the U.S. Midwest on Thursday as futures rose ahead of the Fourth of July holiday weekend.The corn basis rose at a grain elevator in the Chicago, Illinois area, and a river terminal in Davenport, Iowa. The soyb...Reuters
Thu, Jul 3
Barclays raises Brent forecast to $72 per barrel for 2025
July 3 (Reuters) - Barclays on Thursday said it raised its brent oil price forecast to $72 per barrel (bbl) for 2025 and $70/bbl for 2026, on "better-than-expected fundamentals." "Geopolitical tensions have eased as the U.S.-mediated ceasefire between Israel and Iran continues to hold ...Reuters
Thu, Jul 3
