News
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Malaysia's Petronas is not exiting its Canada business, says CEO
KUALA LUMPUR, June 5 (Reuters) - Malaysian state energy firm Petroliam Nasional is not exiting its business in Canada, its chief executive said on Thursday."Canada is crucial to our ambitions to preserve our position in the liquefied natural gas space," said Tengku Muhammad Taufik at a media...Reuters
Thu, Jun 5
ASIA COFFEE-Trade slows in Vietnam, supplies build up in Indonesia
By Phuong Nguyen and Mas Alina Arifin HANOI, June 5 (Reuters) - Coffee trading was sluggish in Vietnam this week, with domestic prices falling further following global cues and rising supplies from other robusta producers, while prices flipped to premium in Indonesia amid ongoing harvest. Farmers...Reuters
Thu, Jun 5
CORRECTED-Oil slips on US stockpile build, Saudi Arabia price cuts
By Katya Golubkova TOKYO, June 5 (Reuters) - Oil prices slipped in early trade on Thursday after a build in U.S. gasoline and diesel inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Brent crude futures LCOc1 fell 21 cents, or 0.3%, to $64.65 a barrel at 0047 GMT. ...Reuters
Thu, Jun 5
Railway track damaged after blast in Russia's Voronezh region, state TV reports
MOSCOW, June 5 (Reuters) - A railway track in Russia's Voronezh region was damaged after an blast, state television Vesti Voronezh reported, citing an unidentified source.There were no casualties as a result of the explosion, state TV reported.Regional governor Alexander Gusev said via his chann...Reuters
Thu, Jun 5
Singapore fuel oil stockpiles climb for third week in a row
SINGAPORE, June 5 (Reuters) - Onshore fuel oil stockpiles at key trading hub Singapore rose for a third consecutive week, with imports edging higher, data showed on Thursday. Residual fuel inventories STKRS-SIN were at 22.58 million barrels (about 3.56 million metric tons) in the week to June 4, up ...Reuters
Thu, Jun 5
METALS-London copper inches higher on weaker dollar; tariff developments in focus
By Hongmei Li June 5 (Reuters) - London copper prices inched up on Thursday amid a weakening U.S. dollar, while the market focus remained on a series of trade talks between the U.S. and its major trading partners.Three-month copper on the London Metal Exchange CMCU3 gained nearly 0.4% to $9,656.5...Reuters
Thu, Jun 5
Japan to propose cooperation on rare earths in US tariff talks, Nikkei reports
TOKYO, June 5 (Reuters) - Japan is planning to propose strengthening cooperation with the United States on rare earth supply chains in upcoming tariff talks, with recent export restrictions by China in mind, the Nikkei business daily reported on Thursday. Japan's Jiji Press also reported that th...Reuters
Thu, Jun 5
PRI appetite drops for parts of West Africa amid geopolitical instability
West Africa PRI project rates up 10% to 25% compared to three to four years ago, jurisdiction dependent Islamic insurgency main driver of elevated risk environment, Beazley’s Barnett says Demand for transition minerals and regional resource nationalism increasing By Michael Jones June 4 - (Th...Reuters
Thu, Jun 5
Philippines, U.S., hold joint maritime drills for seventh time
MANILA, June 5 (Reuters) - The Philippines and United States militaries have sailed together in the South China Sea for a seventh time to boost interoperability between the two sides, Manila's armed forces said on Thursday. The exercises, held on Wednesday in waters off the provinces of Occident...Reuters
Thu, Jun 5
TECHNICALS-CBOT soybeans may test support $10.36-1/2
For more technical analyses, please click SINGAPORE, June 5 (Reuters) - The CBOT soybean July contract SN25 may test support of $10.36-1/2 per bushel, a break below which could trigger a fall into $10.27-3/4 to $10.31-1/4 range.The bounce triggered by the support at $10.31-1/4 could be well broken d...Reuters
Thu, Jun 5
Japan to propose rare earth supply chain cooperation in US tariff talks, Nikkei reports
TOKYO, June 5 (Reuters) - Japan is planning to propose strengthening cooperation with the United States on rare earth supply chains in upcoming tariff talks, with recent export restrictions by China in mind, the Nikkei business daily reported on Thursday.Reuters
Thu, Jun 5
COLUMN-Trump’s China ethane export curbs are another exercise in self-harm: Bousso
Trump administration seeks licence for ethane exports to ChinaChina accounts for 46% of US ethane exportsEthane is used to produce plasticsBy Ron Bousso LONDON, June 5 - The Trump administration's latest efforts to curb U.S. petrochemical exports to China could end up hurting the U.S. energy ...Reuters
Thu, Jun 5
PRESS DIGEST- New York Times business news - June 5
June 5 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The Bureau of Labor Statistics is cutting back its collection of data on consumer prices, raising questions about the reliability ...Reuters
Thu, Jun 5
Ukraine, US discuss how to make minerals fund operational by year-end
WASHINGTON, June 4 (Reuters) - Ukraine and the United States have discussed how to make a minerals fund operational by the end of the year and the fund's first meeting is expected in July, Ukraine's First Deputy Prime Minister, Yulia Svyrydenko, said in Washington on Wednesday. The agreement...Reuters
Thu, Jun 5
Gold price struggles to lure buyers; remains below multi-week high touched on Tuesday
Gold price (XAU/USD) edges lower following an Asian session uptick to the $3,384 area amid a slight US Dollar (USD) bounce, though the near-term bias seems tilted firmly in favor of bullish traders.Fxstreet
Thu, Jun 5
CORRECTED-RPT-China increases scrutiny of rare earth magnets with new tracking system
BEIJING, June 4 (Reuters) - China has introduced a tracking system for its rare earth magnet sector, three sources said, as its export restrictions on them begin to cut off customers around the world.The national tracking system, which went into effect last week, requires producers to submit extra i...Reuters
Thu, Jun 5
Saudi Arabia lowers July oil prices for Asia after OPEC+ supply boost
July Arab Light OSP falls by 20 cents/bblPrice cut smaller than expectedHigher Saudi demand may limit export, analyst saysBy Siyi Liu June 4 (Reuters) - Saudi Arabia, the world's biggest oil exporter, on Wednesday lowered its July prices for Asian buyers after OPEC+ hiked output for a fourth ...Reuters
Thu, Jun 5
