News
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Latest floods and dust storm underscore Australia's climate vulnerability
By Edward CarronMay 13 - (The Insurer) - Australia's vulnerability to shifting weather patterns has again been highlighted this week with a major dust storm engulfing Sydney in the aftermath of drought in South Australia.Elsewhere, the Insurance Council of Australia has declared recent flooding...Reuters
Wed, May 28
PRECIOUS-Gold steadies as easing US-EU trade tensions cap gains
US core PCE data due on FridayUS consumer confidence improved in MayBy Anmol Choubey May 28 (Reuters) - Gold steadied on Wednesday, as investors bought on the dip, although gains were capped on easing U.S.-EU trade tensions, with the market now awaiting the upcoming U.S. core Personal Consumption...Reuters
Wed, May 28
Australia clears Woodside to run North West Shelf LNG plant to 2070
Strict conditions on extension, environment minister saysWoodside says approval provides certainty for projectClimate Council calls decision "a failure of leadership"By Christine Chen, Renju Jose SYDNEY, May 28 (Reuters) - Australia conditionally approved on Wednesday a request by Woodsid...Reuters
Wed, May 28
EU almost on track to reach 2030 climate goal
EU within 1 percentage point of 2030 climate targetEurope is fastest-warming continent, facing extreme weatherProgress comes despite pressure to weaken climate agendaCountries concerned about impact on struggling industriesBy Kate Abnett BRUSSELS, May 28 (Reuters) - The European Union is nearly o...Reuters
Wed, May 28
COLUMN-Key US clean energy charts that track Trump's tax bill impact: Maguire
By Gavin Maguire LITTLETON, Colorado, May 28 (Reuters) - U.S. President Donald Trump's sweeping tax and spending bill calls for drastic cuts to clean energy tax credits that have been major drivers of the boom seen in utility-scale renewable power and battery capacity over the past three year...Reuters
Wed, May 28
Gresham House raises $500 million for its biggest ever forests fund
Forest Fund VI has final close at 375 million poundsLondon, Welsh local government schemes among investorsComes as more institutions look to access real assetsBy Simon JessopLONDON, May 28 (Reuters) - Alternative asset investor Gresham House has raised $500 million for its biggest ever forestry fund...Reuters
Wed, May 28
U.S. scolds Russia for stoking WW3 fears after Trump's 'playing with fire' remark
MOSCOW, May 28 (Reuters) - U.S. President Donald Trump's envoy, Keith Kellogg, on Wednesday scolded a top Russian official for stoking fears of World War Three after Trump warned President Vladimir Putin was "playing with fire" over Ukraine.As Russian forces advanced in Ukraine, Trump, i...Reuters
Wed, May 28
FOCUS-Rio Tinto split with CEO Stausholm over conflicting priorities, sources say
Stausholm led revival of Rio with expansions in iron ore, copper and lithiumStausholm's reluctance to prioritise cost cuts led to departureBoard concerns over rising costs amid declining revenuePotential successors include Trott, Baatar, PecresseBy Clara Denina, Ernest Scheyder and Melanie Burto...Reuters
Wed, May 28
Australia approves Woodside's North West Shelf LNG project extension
SYDNEY, May 28 (Reuters) - The Australian government approved on Wednesday Woodside Energy's WDS.AX request to extend the life of its North West Shelf gas plant, after a six-year review process dogged by delays, appeals and backlash from green groups.Environment Minister Murray Watt said in a st...Reuters
Wed, May 28
PRESS DIGEST-British Business - May 28
May 28 (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 TimesGlencore GLEN.L backed Cobalt Holdings has priced its $230 million initial public offering at $2.56 a share as it a...Reuters
Wed, May 28
GRAINS-Wheat rebounds on lower-than-expected US crop ratings
CANBERRA, May 28 (Reuters) - Chicago wheat futures rose on Wednesday after U.S. crop condition ratings came in below market expectations, but prices remained under pressure as improving weather conditions in several major producers bolsters the supply outlook. Corn futures also rose while soybeans e...Reuters
Wed, May 28
SpaceX's Starship spins out of control after flying past points of previous failures
Ninth test launch follows grounding of nearly two monthsStarship flew with re-used booster rocket for first timeMusk had planned post-flight speech on 'multiplanetary' ambitions, but never showedBy Joe Skipper and Joey Roulette STARBASE, Texas, May 27 (Reuters) - SpaceX's Starship roc...Reuters
Wed, May 28
Silver Price Forecast: XAG/USD posts gains near $33.50 after losing over half a percent
Silver price (XAG/USD) recovers its recent losses registered in the previous session, trading around $33.30 per troy ounce during the Asian hours on Wednesday. However, the precious metals, including Silver, faced selling pressure amid a strengthening US Dollar (USD).
Fxstreet
Wed, May 28
METALS-Copper steadies as tariff reprieve lifts risk appetite
By Brijesh Patel May 28 (Reuters) - Copper prices in London were stable on Wednesday, supported by improved risk appetite across financial markets following U.S. President Donald Trump's latest tariff respite, though a firm dollar kept gains in check.Three-month copper on the London Metal Exc...Reuters
Wed, May 28
OPEC+’s “Overt Scheme” to Boost Output: Targeting U.S. Shale Oil’s Break-Even Point?
TradingKey - Ahead of the OPEC+ meeting on May 31, international oil prices remained weak. Some analysts believe that OPEC+ is preparing for its third consecutive large-scale production increase, aiming to push crude prices below $60 per barrel — a move designed to challenge the break-even point...TradingKey
Wed, May 28
Oil prices inch up as U.S. bans Chevron from exporting Venezuelan crude
BEIJING, May 28 (Reuters) - Oil prices ticked up in early trading on Wednesday as the U.S. barred Chevron CVX.N from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply.Reuters
Wed, May 28
GRAINS-Wheat steadies on lower-than-expected US crop ratings
CANBERRA, May 28 (Reuters) - Chicago wheat futures rose on Wednesday after U.S. crop condition ratings came in below market expectations, but prices remained under pressure as improving weather conditions in several major producers bolsters the supply outlook. Corn futures also rose and soybeans edg...Reuters
Wed, May 28
