News
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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
GRAINS-Wheat slips as risks of adverse weather recede
CANBERRA, May 27 (Reuters) - Chicago wheat futures extended declines to the 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 and soybean futures rose slightly, helped by a so...Reuters
Tue, May 27
PRECIOUS-Gold edges higher as dollar dips, US fiscal worries mount
May 27 (Reuters) - Gold prices edged up on Tuesday, supported by a weaker dollar and concerns over the U.S. fiscal outlook, while investors looked for further clarity on trade policy after U.S. President Donald Trump postponed a planned tariff hike on European goods.Reuters
Tue, May 27
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 27 (Reuters) - Contract Target Support/Resistance Brent oil $64.54/$64.04res $64.93/$65.33/$65.82Palm oil (3rd month)3,839/3,863/3,892 ringgitsup 3,785/3,765/3,737 ringgitWTI* $60.40res $62.67/$64.50Spot gold$3,316/$3,304res $3,351/3,366/...Reuters
Tue, May 27
Trump says Putin has 'gone absolutely CRAZY,' considering more sanctions on Russia
WASHINGTON/MOSCOW/KYIV, May 26 (Reuters) - U.S. President Donald Trump said Vladimir Putin had "gone absolutely CRAZY" by unleashing a massive aerial attack on Ukraine and said he was weighing new sanctions on Moscow, though he also scolded Ukrainian President Volodymyr Zelenskiy.Reuters
Tue, May 27
ICE canola futures soften in extremely light trade
WINNIPEG, Manitoba, May 26 (Reuters) - ICE canola futures softened on Monday on a day of extremely light trade, with most U.S. markets closed for a holiday.• July canola RSN5 settled down $2.30 at $718.50 per metric ton. November RSX5 was down 10 cents to $688.20. • Without the Chicago Board of Trad...Reuters
Mon, May 26
Oil holds steady; market awaits clarity on OPEC+ next move
OPEC+ meeting moved to May 31, may decide on July outputMarket hesitancy due to unclear OPEC+ output plansTrump's EU trade talk extension supports crude pricesBy Amanda Stephenson CALGARY, May 26 (Reuters) - Oil prices held steady on Monday with news that eight OPEC+ countries, who had pledge...Reuters
Mon, May 26
South Africa proposes buying US LNG as seeks trade deal
Trade package was proposed during Ramaphosa's White House visitPackage also includes duty-free proposals for South African-made vehicles and auto partsGovernment website down because of technical issuesBy Wendell Roelf CAPE TOWN, May 26 (Reuters) - South Africa has offered to buy liquefied na...Reuters
Mon, May 26
