News
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Northvolt to wind down battery making operation in Sweden by end June
STOCKHOLM, May 22 (Reuters) - Swedish battery maker Northvolt, which declared bankruptcy in March, plans to wind down its remaining battery cell production in the Nordic country by the end of June, its bankruptcy trustee said on Thursday.Reuters
Thu, May 22
Rubio says oil license in Venezuela will expire May 27
WASHINGTON, May 22 (Reuters) - A U.S. oil license in Venezuela will expire on May 27, Secretary of State Marco Rubio said in a post on his personal X account late Wednesday. U.S. oil company Chevron's CVX.N license to operate in the country had been set to expire next week. "The pro-Ma...Reuters
Thu, May 22
PRESS DIGEST-Canada - May 22
May 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Prince Rupert Gas Transmission (PRGT) Ltd, a pipeline project jointly owned by the Nisga'a Nation and a Housto...Reuters
Thu, May 22
RPT-COLUMN-Canada's crude oil shift to China schools Trump in unintended consequences: Russell
By Clyde Russell LAUNCESTON, Australia, May 22 (Reuters) - If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump.Trump's trade and tarif...Reuters
Thu, May 22
GRAINS-Wheat retreats after short-covering rally, corn and soybeans also lower
PARIS/CANBERRA, May 22 (Reuters) - Chicago wheat fell on Thursday as a short-covering rally that took prices to a one-month peak petered out, with traders seeing limited threats to Northern Hemisphere crops despite adverse weather spells.Corn and soybeans also eased after three-day gains, with a ste...Reuters
Thu, May 22
Neo Performance Materials exits separation facilities in China
May 22 (Reuters) - Neo Performance Materials NEO.TO said on Thursday it has exited its China separation facilities, as the Canadian rare earths company aims to reduce geopolitical risk and price volatility while expanding in Europe and North America.The exit concludes a strategic review it launched ...Reuters
Thu, May 22
RPT-COLUMN-US ag sector should be on alert after last deal with China fell short: Braun
By Karen Braun NAPERVILLE, Illinois, May 21 (Reuters) - Last week’s U.S.-China trade truce has sparked speculation as to what a potential trade deal between the two rivals might look like.For the U.S. agriculture sector, the result would ideally be very different from the deal signed in January 2...Reuters
Thu, May 22
PRECIOUS-Gold prices ease from two-week high as dollar edges higher
Trump tax bill clears procedural vote in U.S. HouseDollar up 0.2%By Brijesh Patel and Ishaan Arora May 22 (Reuters) - Gold slipped on Thursday after hitting a nearly two-week high earlier in the session, hurt by an uptick in the dollar, although worries over the U.S. government's increasing d...Reuters
Thu, May 22
China, Netherlands agree to 'close communication' on semiconductors, Chinese foreign ministry says
BEIJING, May 22 (Reuters) - China and the Netherlands agreed to maintain close communication through existing channels on cooperation in various fields, including in semiconductor technology, China's foreign ministry said in a statement on Thursday.Chinese Foreign Minister Wang Yi met with Dutch...Reuters
Thu, May 22
EU brands just four countries as 'high risk' under deforestation law
BRUSSELS, May 22 - Commodities from just four countries will face the strictest checks under the European Union's anti-deforestation law, with major forest nations including Brazil and Indonesia spared the toughest rules.In a legal act published on Thursday, the European Commission said the law ...Reuters
Thu, May 22
EU lawmakers back huge tariffs for Russia, Belarus fertiliser
By Philip Blenkinsop BRUSSELS, May 22 (Reuters) - The European Parliament voted on Thursday to impose prohibitive tariffs on fertilisers and certain farm produce from Russia and its ally Belarus to prevent a potential threat to EU food security and limit Russian funds for its war against Ukraine....Reuters
Thu, May 22
Aon estimates May SCS losses among costliest in US history
By Rebecca DelaneyMay 22 - (The Insurer) - Insured losses from severe convective storm (SCS) activity across several U.S. states from May 14 to 20 are expected to total billions of U.S. dollars, with the St Louis tornado alone generating $1.6 billion, according to estimates from Aon.An event update ...Reuters
Thu, May 22
ASIA COFFEE-Domestic prices fall further in Vietnam this week amid tepid trade
By Phuong Nguyen and Mas Alini Arifin HANOI, May 22 (Reuters) - Domestic coffee prices in Vietnam edged down further this week on thin trading activity and more supplies from the other robusta producers, Brazil and Indonesia, traders said on Thursday. Farmers in the Central Highlands, Vietnam'...Reuters
Thu, May 22
Pigs can't fly: US high-end livestock breeders lose millions in China tariff fallout
Breeding pigs are a small but profitable niche for US exportersUS farmers worry China could now buy breeding pigs from DenmarkChina also has halted imports of US cattle semen for dairy cowsWhite House seeks new customers, farmers see lasting damageBy Heather Schlitz CHICAGO, May 22 (Reuters) - Dr...Reuters
Thu, May 22
Venture Global on track to become top US LNG company if CP2 project approved
Venture Global could top Cheniere to become largest US LNG companyProducing at higher rates than initially expectedPlans to sell additional volumes on long-term contractsBy Curtis Williams HOUSTON, May 22 (Reuters) - Venture Global VG.N is poised to become the largest U.S. liquefied natural gas c...Reuters
Thu, May 22
Middle East Crude-Benchmarks fall on potential further OPEC+ supply boost
SINGAPORE, May 22 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban fell on Thursday after a report that OPEC+ is discussing a production increase for July.The Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, are discussing ...Reuters
Thu, May 22
EUROPE GAS-Prices down from six-week high as Norwegian supply rises
LONDON, May 22 (Reuters) - Dutch and British wholesale gas prices fell on Thursday morning after hitting their highest level in more than six weeks on Wednesday, as Norwegian supply rose again following maintenance.The benchmark Dutch front-month contract TRNLTTFMc1 was down 0.05 euros at 37.00 euro...Reuters
Thu, May 22
