News
Important Only
EU needs rare earths strategic reserves against China threat, commissioner tells paper
June 23 (Reuters) - European Union countries should create joint reserves of rare earths to prevent supply chain disruptions and economic blackmail from China, the EU's Commissioner for Industrial Strategy, Stephane Sejourne, told the Handelsblatt newspaper. Sejourne also said he would launch fu...Reuters
Mon, Jun 23
IAEA chief expects 'very significant damage' at Iran's Fordow site
U.S. used its biggest conventional bombs on nuclear sitesExtent of underground damage at Fordow is unclearIran said it would take 'special measures' on nuclear materialGrossi said Iran must inform IAEA of such stepsBy Francois Murphy VIENNA, June 23 (Reuters) - U.S. bombing probably c...Reuters
Mon, Jun 23
Linde Signs Long-Term Agreement To Supply Industrial Gases To World-Scale Low-Carbon Ammonia Facility In Louisiana
June 23 (Reuters) - LINDE PLC LIN.DE:SIGNS LONG-TERM AGREEMENT TO SUPPLY INDUSTRIAL GASES TO WORLD-SCALE LOW-CARBON AMMONIA FACILITY IN LOUISIANALINDE WILL INVEST MORE THAN $400 MILLION IN NEW ON-SITE PLANT, WHICH IS EXPECTED TO START UP IN 2029UNDER TERMS OF AGREEMENT, LINDE WILL SUPPLY INDUSTRIAL ...Reuters
Mon, Jun 23
EUROPE GAS-Prices rise as geopolitical tensions fuel supply disruption concerns
LONDON, June 23 (Reuters) - Dutch and British wholesale gas prices rose on Monday morning as markets braced for Iran's response to the U.S. attack on its nuclear sites and raised fears of supply disruptions and higher insurance costs if Tehran moves to close the Strait of Hormuz.Reuters
Mon, Jun 23
IAEA chief expects 'very significant damage' at Iran's Fordow site
VIENNA, June 23 (Reuters) - U.S. bombing probably caused "very significant" damage to the underground areas of Iran's Fordow uranium enrichment plant dug into a mountain, though no one can yet tell the extent, U.N. nuclear watchdog chief Rafael Grossi said on Monday."Given the explos...Reuters
Mon, Jun 23
U.S. Entry into Conflict – Morgan Stanley Outlines Three Oil Price Scenarios: From $60 to $140 per Barrel
TradingKey - Escalating tensions between Israel and Iran have sent international oil prices sharply higher, with U.S. airstrikes on Iran intensifying concerns over broader disruptions to crude supply. A recent report from Morgan Stanley outlines three potential conflict scenarios that could ...
TradingKey
Mon, Jun 23
Italian energy group Eni sells 20% of Plenitude to Ares for $2.3 billion
Plenitude valued at 12 bln euros including debtAres used its asset-based finance arm Altnerative CreditDeal falls within Eni's long-term strategyBy Francesca Landini MILAN, June 23 (Reuters) - Italian energy group Eni ENI.MI has sold a 20% stake in its retail and renewables business Plenitude...Reuters
Mon, Jun 23
METALS -LME aluminium outperforms copper on energy cost concerns amid US-Iran tensions
By Hongmei Li SINGAPORE, June 23 (Reuters) - The most-traded aluminium contract on the London Metal Exchange outperformed copper on Monday as U.S. strikes on Iranian military sites drove up energy prices - a key cost factor for the energy-intensive metal.The LME three-month aluminium contract CMA...Reuters
Mon, Jun 23
PRECIOUS-Gold slips as dollar firms, markets await Iran response
Markets in wait-and-see mode on Iran's responseShares slip in Asia; oil prices briefly hit 5-month highsDollar rises 0.3% against its rivalsBy Brijesh Patel June 23 (Reuters) - Gold prices edged lower on Monday as investors favoured the dollar following the U.S. attack on key Iranian nuclear ...Reuters
Mon, Jun 23
Any Iranian closure of Hormuz Strait would be 'extremely dangerous', EU's top diplomat says
BRUSSELS, June 23 (Reuters) - An Iranian closure of the Strait of Hormuz would be dangerous and "not good for anybody", the European Union's top diplomat said on Monday."The concerns of retaliation and this war escalating are huge, especially closing of the Strait of Hormuz by Iran i...Reuters
Mon, Jun 23
Aon: Economic and insured losses in 'hundreds of millions' from June European SCS
By Michael JonesJune 23 - (The Insurer) - Aggregated economic and insured losses from the severe convective storms (SCS) that affected Europe from June 13 to 16 may reach the hundred of millions of euros, Aon said on Friday.The SCS event particularly affected western France and northern Italy. It pr...Reuters
Mon, Jun 23
COLUMN-Forget AI. Keeping cool is the bigger power sector problem: Maguire
By Gavin MaguireDENVER June 23 (Reuters) - Utilities in the developed world are stressing over how to keep up with demand from data centres and artificial intelligence searches. But globally, keeping people cool is likely to be a much bigger drain on electricity grids and a more pressing power secto...Reuters
Mon, Jun 23
INSIGHT-As gold prices surge, West Africa mine operators launch drones to detect wildcat miners
Economic pressures drive artisanal mining, impacting corporate operationsRising gold prices fuel conflicts between industrial and informal minersMiners are pressing governments for military support to defend minesBy Maxwell Akalaare Adombila TARKWA, Ghana, June 23 (Reuters) - As the afternoon sun...Reuters
Mon, Jun 23
Italy's Eni sells 20% of Plenitude unit to Ares for 2 billion euros
MILAN, June 23 (Reuters) - Italy's Eni ENI.MI said on Monday it signed a deal with Ares Management Alternative Credit funds ARES.N worth around 2 billion euros ($2.30 billion) for the sale of a 20% stake in its retail and renewable unit Plenitude. The transaction, for which Mediobanca acted as E...Reuters
Mon, Jun 23
Eni Signs Agreement With Ares Management To Sell 20% Stake In Unit Plenitude For EUR 2 Bln
June 23 (Reuters) - Eni SpA ENI.MI:ENI SIGNS EUR 2 BILLION AGREEMENT FOR ARES MANAGEMENT ALTERNATIVE CREDIT FUNDS TO ENTER PLENITUDE’S SHARE CAPITALBUYER OF 20% STAKE IS ARES MANAGEMENT CORPORATIONTRANSACTION IS BASED ON AN EQUITY VALUE OF PLENITUDE OF 10 BILLION EUROS, CORRESPONDING TO AN ENTERPRIS...Reuters
Mon, Jun 23
Iran and Russia are coordinating their positions on the current escalation, Iranian foreign minister says
MOSCOW, June 23 (Reuters) - Iran and Russia are coordinating their positions on the current escalation in the Middle East, the TASS news agency reported on Monday citing Iranian foreign minister Abbas Araqchi, who is visiting Moscow.Reuters
Mon, Jun 23
