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Indonesia to cut caps on driver commissions at ride-hailing companies to under 10%
JAKARTA, May 1 (Reuters) - Indonesia will cut the caps on the commissions ride-hailing companies take from drivers for each trip to under 10% from 20%, President Prabowo Subianto said on Friday during a May Day event in Jakarta.Reuters
Fri, May 1
GRAINS-Wheat rises, set for weekly gain as US Plains drought hits crops
CANBERRA, May 1 (Reuters) - Chicago wheat futures rose on Friday after a week of whipsawing price action, putting the benchmark contract on track for a third straight weekly gain as dry conditions damaged crops in the U.S. Plains.Corn and soybean futures also rose.FUNDAMENTALSThe most-traded wheat c...Reuters
Fri, May 1
METALS-Copper rises after seven-session slide as oil pullback eases slowdown concerns
CANBERRA, May 1 (Reuters) - Copper prices climbed on Friday for the first time in seven sessions as oil prices retreated from four-year highs, easing the risk that high energy prices could curb global economic growth. Also supporting copper were data earlier this week showing that manufacturing acti...Reuters
Fri, May 1
Toyota To Build 3 India Plants, Tripling Output In Country, Nikkei Reports
May 1 (Reuters) - Nikkei:TOYOTA TO BUILD 3 INDIA PLANTS, TRIPLING OUTPUT IN COUNTRYTOYOTA MOTOR PLANS TO TRIPLE ITS PRODUCTION CAPACITY IN INDIA TO 1 MILLION UNITS BY 2030SPLANTS WILL BE BUILT IN INDIA'S WESTERN STATE OF MAHARASHTRATOTAL INVESTMENT IS ESTIMATED AT AROUND 300 BILLION YEN ($1.9 BI...Reuters
Fri, May 1
WRAPUP 8-Iran threatens painful response if US renews attacks
UAE bans citizens from visiting Iran, Lebanon and IraqTrump 'OK' with Iran playing in World CupBriefing scheduled for Trump on Thursday about strike options by US military, US official says US puts pressure on allies to help open Strait of HormuzBenchmark oil price touches four-year high, bu...Reuters
Fri, May 1
Californians now paying 6 bucks a gallon for kicks on Route 66
Iran conflict disrupts global oil flows, tightening California supply and raising pricesReliance on Asian imports and refinery closures worsen California's fuel shortagesRising gas prices spark political debate ahead of state and national electionsCalifornia fuel stockpiles hit record lows, impo...Reuters
Fri, May 1
ROI-The UAE dumping OPEC may not affect crude as anticipated: Russell
By Clyde Russell SYDNEY, May 1 (Reuters) - The United Arab Emirates' withdrawal from OPEC is widely seen as lessening the clout of the producer group and initiating a race to boost output, ultimately resulting in sharply lower crude oil prices.However, the U.S. and Israeli war against Iran ha...Reuters
Fri, May 1
PRECIOUS-Gold heads for weekly loss amid oil-driven inflation concerns
May 1 (Reuters) - Gold held steady on Friday, but was on course for a weekly decline as higher oil prices fuelled inflation worries and clouded the interest rate outlook. FUNDAMENTALSSpot gold XAU= was unchanged at $4,622.41 per ounce, as of 0046 GMT, after rising more than 2% in the previous se...Reuters
Fri, May 1
Venezuela signs oil and gas agreements with Hunt Oil, Crossover Energy
CARACAS, April 30 (Reuters) - Units of U.S. energy firms Crossover Energy and Hunt Oil Company signed preliminary agreements on Thursday with Venezuela's government, officials said at an event broadcast by state TV, part of interim President Delcy Rodriguez's efforts to encourage investment ...Reuters
Fri, May 1
US President Donald Trump to hear military options as part of efforts to pressure Iran into deal
US President Donald Trump complained about congressional efforts aimed at limiting his war powers, the latest of which the Senate rejected this afternoon. Trump was expected to hear about updated military options for Iran from Pentagon officials on Friday, CNN reported on Thursday.Fxstreet
Fri, May 1
CIF/FOB Gulf Grain-Corn barge bids ease; farmer sales slow
CHICAGO, April 30 (Reuters) - Spot basis bids for corn shipped by barge to U.S. Gulf Coast terminals softened slightly on Thursday but export premiums firmed, reflecting exporter demand and a slowdown in farmer grain sales after a flurry of offerings earlier this week, traders said.At the Gulf, CIF ...Reuters
Fri, May 1
Brazil's Petrobras cuts US oil exports to zero in Q1, China widens lead as top destination
By Fabio Teixeira, Marta Nogueira and Fernando Cardoso SAO PAULO/RIO DE JANEIRO, April 30 (Reuters) - Brazil's Petrobras PETR3.SA has cut to zero its oil exports to the U.S., as the conflict in Iran reshaped oil flows across the world and China became the destination for around 62% of the...Reuters
Thu, Apr 30
Alliant Energy lifts earnings on strong US data center power use
April 30 (Reuters) - U.S. utility Alliant Energy LNT.O on Thursday reported a rise in first-quarter profit, as higher authorized rates in Iowa and Wisconsin and accelerating data center-driven load growth offset milder winter weather and rising financing costs.U.S. power consumption, which hit its s...Reuters
Thu, Apr 30
Air Canada suspends 2026 forecast on Iran war uncertainty despite sturdy travel demand
Tops Q1 revenue estimates on resilient demand despite fare hikesPauses share buyback; review laterTrimming less profitable routes By Shivansh Tiwary and Allison Lampert April 30 (Reuters) - Air Canada AC.TO suspended its 2026 forecast on Thursday, as higher jet fuel prices due to the war in Iran ...Reuters
Thu, Apr 30
US railroads Union Pacific, Norfolk Southern seek approval for $85 billion merger
Companies say merger will bring savings of $3.5 billion/yearFreight rail merger seen getting 2 million trucks off US roadsRailroads say merger will guarantee union workers 'jobs for life'By David ShepardsonWASHINGTON, April 30 (Reuters) - Union Pacific UNP.N and Norfolk Southern NSC.N on Thu...Reuters
Thu, Apr 30
EXCLUSIVE-Woodside struggles to sell LNG volumes at Louisiana LNG plant, sources say
Woodside's high liquefaction fees deter buyers, sources sayWoodside's only long-term deal is with Uniper for up to 2 mtpa from Louisiana LNGWoodside expects Louisiana LNG deliveries to start in 2030 under Uniper agreementBy Curtis Williams and Helen Clark HOUSTON/MELBOURNE, April 30 (Reut...Reuters
Thu, Apr 30
Trump signs order authorizing oil pipeline project partially reviving Keystone XL
Project would boost Canadian crude exports to US by over 12% if completedProject would use idle Keystone XL pipe in CanadaAnalysts note further links needed to reach refining hubs, state permits still requiredBy Amanda StephensonApril 30 (Reuters) - U.S. President Donald Trump on Thursday signed an ...Reuters
Thu, Apr 30
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