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CORRECTED-Trump tariffs fan calls by European metal producers for scrap export curbs
Scrap metal exempt from Trump's steel and aluminium tariffsScrap a key to metal-makers' decarbonisation effortsEU aluminium scrap exports to U.S. tripled in Q1EU recyclers oppose scrap export curbsBy Philip Blenkinsop and Julia PayneBRUSSELS, June 24 (Reuters) - Metal producers in the Europe...Reuters
Tue, Jun 24
METALS-Copper prices inch up; caution prevails after Iran-Israel truce announcement
By Hongmei Li SINGAPORE, June 24 (Reuters) - Copper prices on the London Metals Exchange and Shanghai Futures Exchange inched up on Tuesday as caution prevailed after U.S. President Donald Trump announced the Iran-Israel ceasefire.LME three-month copper CMCU3 was up 0.52% at $9,717.5 per metr...Reuters
Tue, Jun 24
RUBBER-Japan futures fall on firmer yen, tumbling oil prices
June 24 (Reuters) - Japanese rubber futures fell on Tuesday, due to a strengthening yen and weaker oil prices as tensions in the Middle East eased.The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: closed down 7 yen, or 2.33%, at 293.4 yen ($2.02) per kg.The rubber contr...Reuters
Tue, Jun 24
PRECIOUS-Gold falls more than 1% as Israel-Iran ceasefire dents appeal
Trump says Iran and Israel agree to ceasefireGlobal shares rally, oil slumpsFocus on Powell's testimony for US rate path cuesBy Brijesh Patel June 24 (Reuters) - Gold prices fell more than 1% to a near two-week low on Tuesday as risk appetite improved after a ceasefire came into effect to...Reuters
Tue, Jun 24
Higher British alcohol tariffs sap exports of Spanish red wine
Spanish wine exports to UK drop 7.5% due to UK alcohol tariffsWines with over 12.5% alcohol impacted most by UK tariffsUK importers pay 20% more for Spanish winesBy Corina Pons and Charlie Devereux MADRID, June 24 (Reuters) - Spanish wine makers are concerned that exports to Britain, their main m...Reuters
Tue, Jun 24
PRESS DIGEST- Wall Street Journal - June 24
June 24 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- C&S Wholesale Grocers agreed to buy SpartanNash SPTN.O for around $1.77 billion, including debt, looking to expand its supply chain an...Reuters
Tue, Jun 24
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $65.56 per barrel, down from Monday’s close at $66.99.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.05 after its previous daily close at $69.27.
Fxstreet
Tue, Jun 24
FOCUS-From cans to cartons: how Trump's metals duties affect packages on shelves
Tariffs increase costs for U.S. canned food producersShift to alternative packaging faces cost and logistical hurdlesRecycled aluminum cans mitigate tariff impact for beverage industryBy Jessica DiNapoli and Emma Rumney NEW YORK/LONDON, June 24 (Reuters) - Andy Russick, who sells canned fruit and...Reuters
Tue, Jun 24
Adani Group Chairman: See Annual Group Capex Spend of $15-$20 Bln Over Next 5 Yrs
June 24 (Reuters) - Adani Group Chairman Gautam Adani ADEL.NS:ADANI GROUP CHAIRMAN: CAPITAL INVESTMENTS ACROSS BUSINESS IS SET AT $15-$20 BILLION OVER NEXT FIVE YEARSADANI GROUP CHAIRMAN GAUTAM ADANI: OUR COMPLIANCE FRAMEWORK IS NON NEGOTIABLEADANI GROUP CHAIRMAN: GROUP EXPECTS TO HAVE A 100 GW OF P...Reuters
Tue, Jun 24
WTI rebounds from over one-week low, keeps the red around $66.00
West Texas Intermediate (WTI) US Crude Oil prices extend the previous day's sharp retracement slide from the $76.75 area, or a five-month peak, and attract some follow-through selling for the second straight day on Tuesday.Fxstreet
Tue, Jun 24
VEGOILS-Palm falls over 3% on weak Chicago soyoil, crude oil prices
JAKARTA/KUALA LUMPUR, June 24 (Reuters) - Malaysian palm oil futures fell more than 3% on Tuesday, snapping a four-day rally, pressured by weaker rival Chicago soyoil and crude oil prices, after U.S. President Donald Trump announced a ceasefire deal between Israel and Iran. The benchmark palm oil co...Reuters
Tue, Jun 24
Japan's industry ministry, Siemens Gamesa to agree on wind power cooperation
TOKYO, June 24 (Reuters) - Japan's industry ministry will sign an agreement with Siemens Gamesa Renewable Energy on Tuesday to establish a framework for public-private cooperation aimed at building local supply chains for offshore wind power, a ministry official said.With no wind turbine manufac...Reuters
Tue, Jun 24
Thailand's PTT to buy 2 MTPA of LNG from Glenfarne's Alaska LNG over 20 years
BANGKOK, June 24 (Reuters) - Thai state-owned oil and gas giant PTT Group PTT.BK signed an agreement to procure 2 million metric tons of liquefied natural gas per annum from Glenfarne's Alaska LNG project over a 20-year term, Glenfarne said late on Monday. PTT said it was was further studying th...Reuters
Tue, Jun 24
Thailand's PTT to procure 2 MTPA of LNG from Alaska LNG over 20 years
BANGKOK, June 24 (Reuters) - Thai state-owned oil and gas giant PTT Group PTT.BK signed an agreement to procure 2 million metric tons of LNG per annum from Glenfarne's Alaska LNG over a 20-year term, the companies said in a statement late on Monday.Reuters
Tue, Jun 24
Starbucks says it is not currently considering a full sale of its China operations
Starbucks has held preliminary talks with potential buyersStarbucks undecided on selling controlling or minority stakeStarbucks faces market share loss to cheaper Chinese rivalsBy Kane Wu, Casey Hall June 24 (Reuters) - U.S. cafe chain Starbucks SBUX.O said it is not currently considering a full ...Reuters
Tue, Jun 24
VEGOILS-Palm oil snaps four-day rally on weaker rival soyoil and crude
JAKARTA, June 24 (Reuters) - Malaysian palm oil futures snapped a four-session rally on Tuesday, weighed down by rival soyoil at the Dalian and Chicago markets and the fall of crude prices.The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange lost 8...Reuters
Tue, Jun 24
TECHNICALS-CBOT soybeans may test resistance at $10.51-1/2
For more technical analyses, please click SINGAPORE, June 24 (Reuters) - The CBOT soybean November contract SX25 may test resistance at $10.51-1/2 per bushel, a break above could lead to a gain at $10.60.The contract has managed to stabilize around support of $10.37-3/4, the 61.8% retracement of the...Reuters
Tue, Jun 24
RUBBER-Japan futures fall on firmer yen, tumbling oil prices
June 24 (Reuters) - Japanese rubber futures fell on Tuesday amid a strengthening yen, while also tracking oil prices lower as tensions in the Middle East eased.The Osaka Exchange (OSE) rubber contract for November delivery JRUc6, 0#2JRU: was down 3.5 yen, or 1.16%, at 298 yen ($2.05) per kg as of ...Reuters
Tue, Jun 24
