News
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EU lawmakers back huge tariff hike for Russia, Belarus fertiliser
BRUSSELS, May 22 (Reuters) - The European Parliament voted on Thursday to impose very high 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. Tariffs for certain nitro...Reuters
Thu, May 22
Singapore fuel oil stockpiles rebound after consecutive declines
SINGAPORE, May 22 (Reuters) - Onshore fuel oil stockpiles at key trading hub Singapore recovered following three weeks of declines, with imports largely stable while exports retreated, data showed on Thursday.Residual fuel inventories STKRS-SIN were at 21.51 million barrels (about 3.39 million metri...Reuters
Thu, May 22
PRECIOUS-Gold up for fourth day as US debt concerns lifts safe-haven appeal
Trump tax bill clears procedural vote in U.S. HouseDollar hovers near two-week lowBy Brijesh Patel and Ishaan Arora May 22 (Reuters) - Gold prices extended gains for the fourth straight session on Thursday, hitting a nearly two-week high, as worries over U.S. government's increasing debt burd...Reuters
Thu, May 22
COLUMN-US aluminium smelters vie with Big Tech for scarce power: Andy Home
By Andy Home LONDON, May 22 (Reuters) - It's forty-five years since anyone built a primary aluminium smelter in the United States. When Alumax fired up the Mt Holly plant in South Carolina in 1980, the country's tally of smelters rose to 33 with combined annual capacity of almost five mil...Reuters
Thu, May 22
South Korea to prepare support for food exporters to weather US tariffs
SEOUL, May 22 (Reuters) - South Korea will prepare support measures for agricultural and food exporters, while closely monitoring the impact of U.S. tariffs on the sector, the finance ministry said on Thursday. The United States is the biggest export market for the sector, with more growth potential...Reuters
Thu, May 22
New German chancellery chief calls for tougher Russia sanctions
Merz confidant urges tougher sanctions, including gas, uraniumFrei says Putin 'only understands clear language'Europeans have called for ceasefire in UkraineBy Andreas Rinke and Sarah Marsh BERLIN, May 22 (Reuters) - Europe needs to step "out of its comfort zone" and consider much...Reuters
Thu, May 22
GRAINS-Wheat rally hits the buffers as US dollar stabilises
CANBERRA, May 22 (Reuters) - A rally in Chicago wheat futures hit the buffers on Thursday, with prices falling from Wednesday's one-month high as the U.S. dollar halted its decline and a Russian consultancy raised its production forecast for the country.Corn and soybean futures also fell.The mos...Reuters
Thu, May 22
PRECIOUS-Gold hits two-week high as investors cautious on US debt concerns
Trump tax bill clears procedural vote in U.S. HouseTepid demand for U.S. Treasury auction shows investor jitters about tax bill, deficitDollar hovers at a two-week lowBy Anushree Mukherjee May 22 (Reuters) - Gold prices rose to a two-week peak on Thursday as investors leaned toward the safe-haven...Reuters
Thu, May 22
METALS-London copper eases as tariff concerns weigh, soft dollar limits fall
NEW DELHI, May 22 (Reuters) - Copper prices in London edged lower on Thursday as uncertainty over U.S. tariffs on the metal weighed on sentiment, although a weaker dollar limited the fall. Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.3% at $9,508 a metric ton, as of 0707 GMT....Reuters
Thu, May 22
EXCLUSIVE-US-China trade truce may ease Komatsu's tariff pain by $140 million, CEO says
Lower tariff impact may mean lower profit outlook not as direTruce positive because of reliance on Chinese steel for US-made equipmentCompetition with Chinese rivals becoming more demandingBy Kantaro Komiya and Miho Uranaka TOKYO, May 22 (Reuters) - Komatsu should see a nearly 20 billion yen ($1...Reuters
Thu, May 22
TECHNICALS-CBOT soybeans may retest support at $10.50
For more technical analyses, please click SINGAPORE, May 22 (Reuters) - The CBOT soybean July contract SN25 may retest support at $10.50 per bushel, a break below could open the way toward the $10.41 to $10.46 range.The drop from $10.67-1/4 is presumed to be a continuation of the downtrend from $10....Reuters
Thu, May 22
Exclusive: Travelers bolsters marine cargo with Starr's Corton
By Michael JonesMay 22 - (The Insurer) - Travelers has bolstered its marine cargo unit with the hire of Starr Insurance's Oliver Corton, two senior marine market sources told The Insurer.The sources said Corton will join Travelers as senior underwriter, cargo, and is expected start his new posit...Reuters
Thu, May 22
Johnson Matthey Sells Unit To Honeywell For 1.8 Billion Pounds
May 22 (Reuters) - Johnson Matthey PLC JMAT.L:AGREEMENT TO SELL CATALYST TECHNOLOGIES BUSINESSTO SELL CATALYST TECHNOLOGIES TO HONEYWELL FOR £1.8BNDEAL EXPECTED TO DELIVER NET SALE PROCEEDS OF £1.6BN£1.4BN EXPECTED TO BE RETURNED TO SHAREHOLDERS BY H1 2026GROUP EXPECTS MID-SINGLE DIGIT CAGR IN OPERA...Reuters
Thu, May 22
UK's Johnson Matthey sells unit to Honeywell for $2.4 billion
May 22 (Reuters) - British chemicals firm Johnson Matthey JMAT.L has agreed to sell its division that houses technologies to make sustainable fuels to Honeywell International HON.O for 1.8 billion pounds ($2.4 billion), including debt. The unit, known as Catalyst Technologies, designs and manufactur...Reuters
Thu, May 22
UK's Johnson Matthey sells unit to Honeywell for $2.4 billion
May 22 (Reuters) - British chemicals firm Johnson Matthey JMAT.L has agreed to sell a division that houses technologies that go into making sustainable fuels for 1.8 billion pounds ($2.4 billion), including debt to Honeywell International HON.O. The unit, known as catalyst technologies, designs and ...Reuters
Thu, May 22
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
Silver Price Forecast: XAG/USD posts monthly highs above $32.50 due to safe-haven demand
Silver price (XAG/USD) rises to near $32.60 per troy ounce during the Asian trading hours on Thursday, gaining ground for the third successive session. Precious metals, including Silver, attract buyers amid rising safe-haven demand over growing fiscal concerns in the United States (US).
Fxstreet
Thu, May 22
