News
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OPEC expects slower 2025 oil supply growth from rivals after price drop
Demand growth forecasts left unchangedCuts 2025 non-OPEC+ supply growth forecast by 100,000 bpdSays Kazakhstan cuts output in April, still above OPEC+ quotaBy Alex Lawler LONDON, May 14 (Reuters) - OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other pr...Reuters
Wed, May 14
IFC issues $40 million to build Ukraine's first soy protein concentrate plant
KYIV, May 14 (Reuters) - The International Finance Corporation has issued a $40 million financing package for Ukraine farm group Astarta to build the country's first soy protein concentrate plant, it said on Wednesday.The financing package includes a $27 million loan for IFC's own account an...Reuters
Wed, May 14
PRESS DIGEST-Canada - May 14
May 14 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Former journalist Evan Solomon has been appointed Canada's first minister for artificial intelligence, a newly created ro...Reuters
Wed, May 14
US cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says
CHICAGO, May 14 (Reuters) - U.S. cattle producers have started rebuilding the nation's herd or are close to doing so, Tyson Foods TSN.N CEO Donnie King said at an investor event on Wednesday, after supplies dwindled to their lowest level in decades.Producers increasingly sent cattle to slaughter...Reuters
Wed, May 14
Brazil's JBS says market reacts positively to dual listing news
SAO PAULO, May 14 (Reuters) - meatpacker JBS SA JBSS3.SA said the market has always reacted positively to new developments related to its dual listing proposal, showing the plan is an attractive value proposition to all investors.In a call to discuss first quarter results on Wednesday, CFO Guilherme...Reuters
Wed, May 14
PRECIOUS-Gold falls as US-China trade truce dims safe-haven appeal
Risk of further downside if gold breaks below $3,200, analyst says US PPI due on Thursday Market expects 53 basis points rate cuts by Fed this yearBy Anmol Choubey May 14 (Reuters) - Gold prices fell on Wednesday as easing U.S.-China trade tensions soothed fears of a potential global recession, b...Reuters
Wed, May 14
OPEC expects slower 2025 oil supply growth from rivals after price drop
LONDON, May 14 (Reuters) - OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices.Supply from countries outside the Declaration of...Reuters
Wed, May 14
U.S. soybean exports risk 20% drop without improved China deal
By Sybille de La Hamaide GENEVA, May 14 (Reuters) - U.S. soybean exports may drop 20% and prices will plunge if the United States and China fail to resolve their trade dispute limiting U.S. soybeans from their largest market, agribusiness consultancy AgResource said on Wednesday.The temporary tru...Reuters
Wed, May 14
GRAINS-Soybeans hit nine-month high on biofuel and trade hopes
By Ella Cao and Gus Trompiz BEIJING/PARIS, May 14 (Reuters) - Chicago soybean futures extended gains on Wednesday to a nine-month high as a proposal to extend a U.S. biofuel tax credit and a truce in a U.S.-China trade dispute boosted hopes that this will be positive for demand.Chicago wheat and ...Reuters
Wed, May 14
Nucor Corp - Identifies Cybersecurity Incident With Unauthorized Access - SEC Filing
May 14 (Reuters) - Nucor Corp NUE.N:NUCOR CORP - IDENTIFIES CYBERSECURITY INCIDENT WITH UNAUTHORIZED ACCESS - SEC FILINGNUCOR CORP - TEMPORARILY HALTS PRODUCTION OPERATIONS AT VARIOUS LOCATIONS - SEC FILINGNUCOR - INVESTIGATING CYBERSECURITY INCIDENTNUCOR CORP - IN PROCESS OF RESTARTING AFFECTED OP...Reuters
Wed, May 14
Time to suffocate Russia's economy after 17th EU sanctions package, France says
Jean-Noel Barrot says EU must work on new sanctions with USTalks planned with US Senator Lindsey Graham in TurkeyLatest EU sanctions package targets Russia's shadow fleetJudges and prosecutors in Kara-Murza and Navalny cases also sanctionedBy Julia Payne and John Irish BRUSSELS/PARIS, May 14 ...Reuters
Wed, May 14
WTI Price Forecast: Bulls have the upper hand while above $62.00/200-period SMA on H4
West Texas Intermediate (WTI) US Crude Oil prices remain depressed through the early European session on Wednesday and for now, seem to have snapped a four-day winning streak to mid-$63.00s, or over a two-week high touched the previous day.Fxstreet
Wed, May 14
Silver Price Forecast: XAG/USD holds losses below $33.00 as safe-haven demand weakens
Silver price (XAG/USD) Oil price halts its four-day winning streak, trading around $32.80 per troy ounce during the European hours on Wednesday. The metal’s safe-haven appeal has weakened amid easing global trade tensions.Fxstreet
Wed, May 14
Trump urges Syria's Sharaa to sign onto Abraham accords, White House spokesperson says
DUBAI, May 14 (Reuters) - U.S. President Donald Trump urged Syria's president Ahmed al-Sharaa on Wednesday to sign onto the Abraham accords with Israel, a day after a surprise U.S. announcement it would lift all sanctions on the Islamist-led government, a White House spokesperson said.Reuters
Wed, May 14
Gold retreats slightly, failing to benefit from US dollar weakness
Gold (XAU/USD) dips back to $3,225 on Wednesday as it faces renewed outflows, erasing almost all the gains registered on Tuesday. Softer-than-expected inflation data for April released on Tuesday provided a sigh of relief for markets, with the widely-feared inflation shock from tariffs not material
Fxstreet
Wed, May 14
