News
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Bunge beats third-quarter profit estimates
Nov 5 (Reuters) - Bunge BG.N beat Wall Street estimates for third-quarter adjusted profit on Wednesday, as the grain trader benefited from a recovery in processing margins and higher volumes of crop sales.The company posted an adjusted profit of $2.27 per share for the three months ended September 3...Reuters
Wed, Nov 5
Vestas CFO Says Better Offshore Wind Auction Design Needed Across Europe
Nov 5 (Reuters) - Vestas Wind Systems A/S VWS.CO:VESTAS CFO: WE REALLY NEED BETTER OFFSHORE WIND AUCTION DESIGN ACROSS EUROPEVESTAS CFO: WE SEE A STRONG DEMAND IN THE U.S. FOR ONSHORE WINDVESTAS CFO: WE HAVE THE MITIGATIONS IN PLACE TO PASS OVER THE TARIFFS TO OUR CUSTOMERSVESTAS CFO: SOME OF OUR CU...Reuters
Wed, Nov 5
Tender Conditions For Offshore Wind Are Improving In Europe, Orsted CEO Says
Nov 5 (Reuters) - Oersted A/S ORSTED.CO:ORSTED CEO: THE CONSTRUCTION OF REVOLUTION WIND IS ON TRACKORSTED CEO: WE ARE STILL IN DIALOGUE TO FIND A PERMANENT SOLUTION WITH THE U.S. ADMINISTRATION ON THE REVOLUTION WIND PROJECTORSTED CEO: WE ARE SEEING THAT THE TENDER CONDITIONS FOR OFFSHORE WIND ARE I...Reuters
Wed, Nov 5
RPT-ANALYSIS-Toyota, Honda turn India into car production hub in pivot away from China
Japanese automakers invest billions in India to reduce China dependenceIndia's low costs and incentives attract Japanese carmakersToyota, Honda, Suzuki expand production and exports in IndiaBy Aditi Shah, Daniel Leussink and Maki Shiraki TOKYO, Nov 5 (Reuters) - Toyota, Honda and Suzuki are s...Reuters
Wed, Nov 5
ANALYSIS-Toyota, Honda turn India into car production hub in pivot away from China
Japanese automakers invest billions in India to reduce China dependenceIndia's low costs and incentives attract Japanese carmakersToyota, Honda, Suzuki expand production and exports in IndiaBy Aditi Shah, Daniel Leussink and Maki Shiraki TOKYO, Nov 5 (Reuters) - Toyota, Honda and Suzuki are s...Reuters
Wed, Nov 5
Vitol, IRH, And Delfin LNG Signs 20-Year LNG Sale And Purchase Agreement
Nov 5 (Reuters) - Vitol [RIC:RIC:VITOLV.UL]:SAYS IRH, DELFIN LNG AND VITOL FORGE 20-YEAR LNG SALE AND PURCHASE AGREEMENTSAYS AGREEMENT IS FOR PURCHASE AND SALE OF 1.0 MILLION TONNES PER ANNUM (MTPA) OF LIQUEFIED NATURAL GAS (LNG) FROM DELFIN'S EXPORT FACILITY IN USSAYS DELFIN LNG WILL SUPPLY LNG...Reuters
Wed, Nov 5
Barry Callebaut forecasts sales decline as cocoa prices remain high
By Paolo Laudani and Emanuele Berro Nov 5 (Reuters) - Barry Callebaut BARN.S said on Wednesday that it expected a mid single-digit percentage decline in sales of cocoa products in its upcoming financial year, as it continues to face pressure from high cocoa prices.But its shares were up 3% at 09...Reuters
Wed, Nov 5
EXCLUSIVE-Russia's Tuapse halted fuel exports after drone attacks, refinery stopped, sources say
Ukrainian drone strike targeted Tuapse port infrastructureTuapse oil refinery has halted oil processing, sources sayThree tankers were later moved to anchor near the port MOSCOW, Nov 5 (Reuters) - Russia's Black Sea port of Tuapse has suspended fuel exports, while the local oil refinery halte...Reuters
Wed, Nov 5
PRECIOUS-Gold rises more than 1% on risk-off mood, dollar pause
US private jobs data due at 0815 ETEuropean shares hit two-week lowSilver, Palladium up more than 1% eachBy Brijesh Patel Nov 5 (Reuters) - Gold prices gained more than 1% on Wednesday, with a slight U.S. dollar pullback and wider risk-off sentiment driving demand.Spot gold XAU= was up 1.3% at $3...Reuters
Wed, Nov 5
EU agrees weakened climate target in final-hour deal for COP30
EU ministers back goal to cut emissions by 90% by 2040Deal lets countries buy more foreign CO2 credits to meet targetAgreement also includes delay to EU's new carbon marketEU rushing to finish before COP30 climate summit on ThursdayBy Kate Abnett, Inti Landauro and Benoit Van Overstraeten BRU...Reuters
Wed, Nov 5
GRAINS-Soybeans rise 1%, but lack of Chinese buying limits upside
Soybeans tick up, gains curbed by absence of Chinese buyingBeijing lifts tariffs on U.S. farm goods, soybeans still costlyBroad declines in stock, energy markets weigh on grains futuresBy Naveen Thukral SINGAPORE, Nov 5 (Reuters) - Chicago soybeans firmed on Wednesday, recovering some of the prev...Reuters
Wed, Nov 5
European Gas prices extend gains as weather risks mount – ING
European Natural Gas prices rose again as colder weather and lower wind generation boosted demand expectations, even as storage levels remain below average and speculative interest stays muted, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Nov 5
EU countries agree deal on 2040 climate target - EU Danish presidency
BRUSSELS, Nov 5 (Reuters) - EU countries' climate ministers approved on Wednesday a 2040 climate change target to cut emissions by 90%, but with flexibilities to weaken this aim.In a public vote, ministers approved in a public vote the 90% target, which would let countries buy foreign carbon cre...Reuters
Wed, Nov 5
India rapeseed plantings to hit record highs due to favourable weather, Chinese demand
Rapeseed and mustard planting likely to rise 7-8% in 2025, trader saysDomestic demand strong, Chinese buying record amounts of rapeseed mealRobust production will allow India to curb imports of cooking oilsBy Rajendra Jadhav MUMBAI, Nov 5 (Reuters) - India's rapeseed planting is expected to h...Reuters
Wed, Nov 5
Ukrainian drones attack oil infrastructure in Russia's Yaroslavl region, governor says
MOSCOW, Nov 5 (Reuters) - A Ukrainian drone attack caused minor damage to oil pumping stations in two districts of Russia's Yaroslavl region, Mikhail Evrayev, the regional governor said on Wednesday, saying nobody had been hurt in the attack.Reuters
Wed, Nov 5
Arcius to acquire Shell and BP stakes in Egypt's Burj concession
ABU DHABI, Nov 5 (Reuters) - Arcius signed an agreement on Wednesday to acquire the stakes currently held by Shell SHEL.L and BP BP.L in Egypt's Burj offshore concession, which includes the Harmattan gas field, Egypt's petroleum ministry said in a statement.Reuters
Wed, Nov 5
Unprecedented volume of oil stored on ships due to Western sanctions, Gunvor CEO says
By Yousef SabaABU DHABI, Nov 5 (Reuters) - Western sanctions on Russia and Iran are creating record volumes of oil stored onboard vessels, preventing a supply glut from forming in global markets, Gunvor Group's CEO said on Wednesday.The European Union, United Kingdom and the United States have i...Reuters
Wed, Nov 5
Nippon Steel Vice Chairman - Sale Of Usiminas Shares Is Intended To Mitigate Further Impairment Risks, As No Significant Recovery Is Expected In Brazil
Nov 5 (Reuters) - Nippon Steel Corp 5401.T Vice Chairman:SALE OF USIMINAS SHARES IS INTENDED TO MITIGATE FURTHER IMPAIRMENT RISKS, AS NO SIGNIFICANT RECOVERY IS EXPECTED IN BRAZILTHERE HAVE BEEN NO INSTANCES WHERE U.S. GOVERNMENT INVOLVEMENT HAS HINDERED OUR PLANS ON US STEEL’S OPERATIONSReuters
Wed, Nov 5
