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PRESS DIGEST-British Business - June 5
June 5 (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- The UK is facing mounting pressure from both the US and its own defence experts to immediately raise defence ...Reuters
Thu, Jun 5
PRESS DIGEST-Financial Times - June 5
June 5 (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- UK to unveil pension reform aimed at boosting retirement savings- Thames Water faces weeks of uncertainty as watchdog reviews 4 billion...Reuters
Thu, Jun 5
Saudi Arabia cuts July oil prices for Asia to 2-month low after OPEC+ supply boost
June 4 (Reuters) - Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to a two-month low on Wednesday, in what the market sees as the country's attempt to regain market share.Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of ...Reuters
Thu, Jun 5
US auto suppliers say immediate action needed on China rare earths restrictions
WASHINGTON, June 4 (Reuters) - A group representing auto suppliers in the United States called on Wednesday for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production.Reuters
Thu, Jun 5
US Senate panel seeks to cut unspent US climate, clean energy funds
WASHINGTON, June 4 (Reuters) - All unspent funds that were appropriated for climate and clean energy programs under former U.S. President Joe Biden's Inflation Reduction Act would be cut under a proposal by the Senate environment committee submitted on Wednesday. The panel released a budget reco...Reuters
Thu, Jun 5
GRAINS-Wheat rises for second successive session on Black Sea, China supply woes
SINGAPORE, June 5 (Reuters) - Chicago wheat futures rose on Thursday, supported by the escalating conflict between major grain suppliers Russia and Ukraine, as well as dry weather threatening yields in top consumer China.Corn prices firmed, but soybeans edged lower.FUNDAMENTALS* The most-active whea...Reuters
Thu, Jun 5
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 5 (Reuters) - Contract Target Support/Resistance Brent oil $64.38/$64.01res $65.20/$65.49Palm oil (3rd month)-sup 3,912/3,886 ringgitres 3,968/3,998 ringgitWTI* $62.06/$61.62res $62.99/$63.50Spot gold$3,411sup $3,370/$3,357/$3,346LME cop...Reuters
Thu, Jun 5
US auto suppliers say immediate action needed on China rare earths restrictions
WASHINGTON, June 4 (Reuters) - A group representing auto suppliers in the United States called on Wednesday for immediate action to address China's restricted exports of rare earths and other minerals, warning the issue could quickly disrupt auto parts production.MEMA -the Vehicle Suppliers Asso...Reuters
Thu, Jun 5
WTI edges lower to near $62.00 amid mounting supply glut fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.00 during the Asian trading hours on Thursday. The WTI price edges lower as Saudi Arabia signals it may push for a large production increase, raising fears of a global oil oversupply.
Fxstreet
Thu, Jun 5
Ukraine and U.S. 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
Bail hearing over smuggled fungus scheduled for Chinese researcher
Chinese researcher arrested over smuggled pathogenU.S. prosecutors believe it can be used as agricultural weaponAgronomist says Fusarium graminearum is common pathogenFBI director says Chinese government seeking to infiltrate U.S. institutions, target food supplyBy Maria Tsvetkova, Heather Schlitz a...Reuters
Wed, Jun 4
LIVESTOCK-Cattle futures close higher in range-bound trade
By Julie IngwersenCHICAGO, June 4 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange settled higher on Wednesday but stayed inside of the previous day's trading range, underpinned by tight cattle supplies, firm cash markets and strong wholesale beef prices.CME August live cattle ...Reuters
Wed, Jun 4
Canadian metals industry warns of layoffs, lost sales due to new US tariffs
US tariffs on steel and aluminum increased to 50%Unifor warns of quick impact on Canadian steel industryCanada prepares reprisals if tariff talks with US failBy Divya Rajagopal TORONTO, June 4 (Reuters) - Canadian companies and a major union said on Wednesday higher U.S. tariffs on steel and alum...Reuters
Wed, Jun 4
GRAINS-US wheat prices climb amid Ukraine-Russia unrest
China's dry weather may impact wheat harvestsBlack Sea grain trade concerns amid Ukraine-Russia tensionsCorn and soybean futures rise on bargain buyingBy Julie Ingwersen CHICAGO, June 4 (Reuters) - U.S. wheat futures rose more than 1% on Wednesday as signs of a hardening conflict between Ukra...Reuters
Wed, Jun 4
CIF/FOB Gulf Grain-Soy barge bids flat-up, traders await US export sales data
CHICAGO, June 4 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals were flat to slightly higher on Wednesday as U.S. supplies began looking more competitive on the world market, traders said.U.S. soybeans are moving into a more competitive position because farmers in...Reuters
Wed, Jun 4
Energy Transfer says US government requiring licenses to export ethane to China
Energy Transfer to apply for emergency authorization, licenseEnterprise Products says US set to deny emergency authorization for three ethane cargoes to ChinaBIS cites Chinese military end-use risk for export denialShort positions in ethane increase, affecting market pricesBy Arathy Somasekhar and G...Reuters
Wed, Jun 4
Ukraine says it has discussed with US how to make minerals fund operational by year-end
June 4 (Reuters) - Ukraine has discussed with the United States how to make a minerals fund operational by the end of the year and the fund's first meeting is expected in July, First Deputy Prime Minister and economy minister Yulia Svyrydenko said in Washington on Wednesday.Reuters
Wed, Jun 4
Ukrainian drone attacks cut power to tens of thousands in Russian-held areas, officials say
June 5 (Reuters) - New Ukrainian drone attacks have hit energy infrastructure in Russian-held parts of Zaporizhzhia and Kherson regions in southern Ukraine, cutting power to tens of thousands of residents, Russia-installed officials said early on Thursday.Vladimir Saldo, the Russia-appointed governo...Reuters
Wed, Jun 4
