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METALS-London metals dip on weak China demand, soft dollar caps slide
By Michele Pek SINGAPORE, May 27 (Reuters) - London metals edged lower on Tuesday amid weaker copper demand in top consumer China, although a softer dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 fell 0.33% to $9,578.5 per metric ton by 0719 GMT.Downstream purchas...Reuters
Tue, May 27
Harmony Gold agrees to buy Australian Mac Copper for $1 billion
By Felix Njini JOHANNESBURG, May 27 (Reuters) - Harmony Gold HARJ.J, South Africa's top gold producer by volume, has agreed to buy Australian miner Mac Copper Ltd MTAL.N in a deal worth $1.03 billion as it steps up a diversification into copper. Johannesburg-based Harmony said it is offering...Reuters
Tue, May 27
Oil falls as higher OPEC+ output expectations weigh on sentiment
May 27 (Reuters) - Oil prices slipped for a second session on Tuesday on increasing expectations members of the Organisation of Petroleum Exporting Countries and their allies, known as OPEC+, will decide to increase their output at a meeting later this week.Reuters
Tue, May 27
RPT-ANALYSIS-Japan poised to sweeten offshore wind rules as players get cold feet
Japan needs to revive offshore wind plan to meet 2040 target Developers secured for one-tenth of targeted 45 GW capacity Industry seeks rule changes to offset soaring costs, price risks By Katya Golubkova and Yuka Obayashi TOKYO, May 26 (Reuters) - Japan is likely to sweeten terms for developers...Reuters
Tue, May 27
COLUMN-Saudi's refining boom helps it weather oil price war: Bousso
Saudi refining rises to seasonal all-time high in MarchWhile kingdom's crude oil exports declineStrong refining profits can offset revenue loss from weak crude pricesBy Ron Bousso LONDON, May 27 (Reuters) - Saudi Arabia has been cranking up oil refining operations to capture strong profit mar...Reuters
Tue, May 27
PRESS DIGEST-New York Times business news - May 27
May 27 (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.- Four former Volkswagen VOWG.DE executives, who were responsible for engine technology, were found guilty of fraud charges on Monda...Reuters
Tue, May 27
PREVIEW-Sony to make case for finance arm spin-off in latest corporate transformation
Sony to hold investor day on Thursday setting out financial business strategyCompany took full control of financial unit just four years agoFocus on entertainment has received plaudits from investors By Sam Nussey TOKYO, May 27 Reuters) - Sony 6758.T will on Thursday lay out the growth strategy f...Reuters
Tue, May 27
EXCLUSIVE-Toyota to move some GR Corolla production to Britain, sources say
Toyota to transfer production of North America-bound GR Corolla from JapanTo spend $56 million on dedicated line, dispatch engineers from JapanMove is aimed at using excess capacity in BritainBy Maki Shiraki TOKYO, May 27 (Reuters) - Toyota 7203.T is moving some production of its GR Corolla sport...Reuters
Tue, May 27
METALS-London metals edge lower on weak China demand; soft dollar caps slide
By Michele Pek SINGAPORE, May 27 (Reuters) - London metals edged lower on Tuesday amid weaker copper demand in top consumer China, although a softer dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 nudged 0.31% lower to $9,580.5 per metric ton by 0402 GMT.Downstream...Reuters
Tue, May 27
TECHNICALS-CBOT soybeans may test resistance range of $10.67 to $10.69-1/4
For more technical analyses, please click SINGAPORE, May 27 (Reuters) - The CBOT soybean July contract SN25 may test the resistance range of $10.67 to $10.69-1/4 per bushel, a break above which could open the way toward $10.72-1/4.The contract managed to hover above a rising trendline. The uptrend f...Reuters
Tue, May 27
GRAINS-Wheat slips as risks of adverse weather recede
CANBERRA, May 27 (Reuters) - Chicago wheat futures extended declines into a third straight session on Tuesday as the risk of crop-damaging weather before the northern hemisphere harvest receded, reinforcing expectations of a well-supplied market.Corn futures were unchanged, while soybeans rose, help...Reuters
Tue, May 27
EXCLUSIVE-Toyota to move some GR Corolla production to Britain, sources say
By Maki ShirakiTOKYO, May 27 (Reuters) - Toyota 7203.T plans to move some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, according to two people familiar with the matter.By shifting some production fr...Reuters
Tue, May 27
METALS-London metals edge lower on weak China demand; soft dollar caps slide
By Michele Pek SINGAPORE, May 27 (Reuters) - London metals edged lower on Tuesday amid weaker copper demand in top consumer China, although a softer dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 nudged 0.13% lower to $9,597.5 per metric ton by 0213 GMT.Downstream...Reuters
Tue, May 27
