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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
PRESS DIGEST-Financial Times - May 22
May 22 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Honeywell close to securing Johnson Matthey catalyst unit in 1.8 billon STG deal- Daniel Loeb's Third Point Investors in deal to cr...Reuters
Thu, May 22
Freeport Indonesia says Manyar smelter resumes operations after fire
JAKARTA, May 22 (Reuters) - Copper miner Freeport Indonesia said its $3.7 billion Manyar smelter in East Java has resumed operations earlier than anticipated after a fire took it offline last year, and is expected to produce copper cathode by the fourth week of June.CEO Tony Wenas said in a statemen...Reuters
Thu, May 22
Freeport Indonesia says Manyar smelter resumes operations
JAKARTA, May 22 (Reuters) - Copper miner Freeport Indonesia said its $3.7 billion Manyar smelter has resumed operations and is expected to produce copper cathode by the fourth week of June.Freeport's CEO Tony Wenas said in a statement on Thursday that the plant was expected to reach full product...Reuters
Thu, May 22
BP signs long-term LNG deal with Zhejiang Energy
May 22 (Reuters) - BP on Thursday said it has entered into a long-term liquefied natural gas sale and purchase agreement with Zhejiang Energy."Under the agreement, BP will provide Zhejiang Energy with up to approximately 1 million ton per annum of LNG for over 10 years on a delivered ex-ship (de...Reuters
Thu, May 22
METALS-London copper edges higher on soft dollar, but tariff jitters cap gains
NEW DELHI, May 22 (Reuters) - Copper prices in London edged higher on Thursday, supported by a softer dollar, although gains were limited due to persisting uncertainty over economic growth from elevated U.S. tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $9,546 a me...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.FUNDAME...Reuters
Thu, May 22
PRESS DIGEST-British Business - May 22
May 22 (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 Times- Europe's largest bank HSBC HSBA.L warned its British employees that their pay packages could be cut if they d...Reuters
Thu, May 22
FEMA senior officials exit en masse as Trump targets agency
FEMA informs staff of departure of 16 senior executivesDeparting execs include MaryAnn Tierney, recently agency No. 2Departures come ahead of start to hurricane season on June 1 By Ted Hesson and Nathan Layne WASHINGTON, May 21 (Reuters) - The U.S. Federal Emergency Management Agency announced t...Reuters
Thu, May 22
US panel submits view on Nippon Steel-US Steel deal to Trump, source says
By Alexandra Alper May 21 (Reuters) - A powerful U.S. national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's 5401.T fraught $14.9 billion bid for U.S. Steel X.N, a person familiar with the matter said, without providing further detail on it...Reuters
Thu, May 22
