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PRECIOUS-Gold slips as oil prices fuel inflation fears ahead of Fed rate decision
Trump unhappy with latest Iran peace proposalFOMC decision due at 1800 GMT followed by Powell speech Global gold demand rose 2% y/y in Q1 - World Gold CouncilBy Pablo Sinha April 29 (Reuters) - Gold prices slipped on Wednesday, as rising oil prices fuelled concerns of persistent inflation and mar...
Reuters
Wed, Apr 29
Ares to acquire Rover natgas pipeline stake from Blackstone
By David FrenchNEW YORK, April 29 (Reuters) - Ares Management ARES.N said it has acquired a stake in the Rover natural gas pipeline from a unit of fellow investment firm Blackstone BX.N for an undisclosed sum, as interest in U.S. energy infrastructure assets grows.In a statement sent to Reuters, Are...
Reuters
Wed, Apr 29
Arlington Capital acquires nuclear engineering firm Enercon - Bloomberg News
-- Source link: https://tinyurl.com/2rffmu9e-- Note: Reuters has not verified this story and does not vouch for its accuracy
Reuters
Wed, Apr 29
Germany is not counting on privatisation proceeds for 2027, finmin says
BERLIN, April 29 (Reuters) - The German government is not counting on privatisation proceeds for 2027, Finance Minister Lars Klingbeil said on Wednesday.He added that discussions within the government on state-owned utility Uniper UN0k.DE and energy group SEFE are ongoing.
Reuters
Wed, Apr 29
IDEX beats Q1 estimates as AI-related demand lifts prices; outlook raised
OverviewU.S. engineered products maker's Q1 sales rose 9%, beating analyst expectationsAdjusted diluted EPS for Q1 rose 14%, beating analyst expectationsCompany raised full-year 2026 organic growth and adjusted EPS guidanceOutlookIDEX raises full-year 2026 organic sales growth outlook to 3%-4% f...
Reuters
Wed, Apr 29
Refiner Phillips 66 posts surprise first-quarter profit
April 29 (Reuters) - Phillips 66 PSX.N posted a surprise first quarter adjusted profit on Wednesday, helped by higher refining margins for its products.The Houston, Texas-based company reported an adjusted profit of 49 cents per share for the three months ended March 31, compared with analysts' ...
Reuters
Wed, Apr 29
Greece says it agreed with Qatar to deepen trade, energy and defence ties
ATHENS, April 29 (Reuters) - Greece said on Wednesday it had agreed with Qatar to bolster cooperation in areas including trade, energy and defence, extending a deal first struck in 2024.Prime Minister Kyriakos Mitsotakis and Qatar's Emir Sheikh Tamim Bin Hamad Al Thani discussed bilateral ties a...
Reuters
Wed, Apr 29
OneSpaWorld Q1 revenue rises 13%, beats estimates on cruise ship expansion
OverviewGlobal cruise wellness provider's Q1 revenue rose 13% yr/yr, beating analyst expectationsAdjusted EPS and adjusted EBITDA for Q1 beat analyst expectationsCompany declared quarterly dividend of $0.05 per shareOutlookOneSpaWorld sees Q2 2026 revenue of $257 mln to $262 mlnCompany expects Q...
Reuters
Wed, Apr 29
UAE is reviewing role in multilateral organisations, not considering withdrawals, official says
DUBAI, April 29 (Reuters) - The UAE is revising the relevance and utility of its role in multilateral organisations, and it is not considering any withdrawals at this time, a UAE official told Reuters on Wednesday.
Reuters
Wed, Apr 29
CORRECTED-CNOOC's first-quarter profit climbs on higher oil prices, output growth
By Sam Li and Chen AizhuApril 28 (Reuters) - China's CNOOC Ltd 0883.HK 600938.SS posted a 7.1% rise in first-quarter net profit on Tuesday as the Iran war pushed up global oil prices and the offshore oil and gas major increased its production.Net income for the January-to-March period was 39.14 ...
Reuters
Wed, Apr 29
Delek US Q1 adjusted EBITDA rises as higher crack spreads lift refining margins
OverviewUS downstream energy firm's Q1 net loss increasesAdjusted EBITDA rose sharply yr/yr, driven by higher crack spreads and logistics marginsCompany completed Big Spring refinery turnaround and raised borrowing capacity by $300 mlnOutlookCompany expects improved margin capture with full syst...
Reuters
Wed, Apr 29
Gold Price Forecast: At make or break around $4,550 while Fed’s policy in focus
Gold price (XAU/USD) trades 0.5% lower to near $4,570 during the European trading session on Wednesday.
Gold
Fxstreet
Wed, Apr 29
EUROPE POWER-European forward power prices edge down on warm sunny weather
European year-ahead benchmarks edged down on Wednesday, as Europe enters a period of high renewable energy production and lower demand, while traders consider supply risks linked to the Iran war are priced in for now.BNP Paribas analysts said in a note European electricity prices in the second and t...
Reuters
Wed, Apr 29
SiteOne Q1 sales miss estimates, co sees weather impact
OverviewUS landscape supply distributor's Q1 sales missed analyst expectations, organic daily sales fell 1%Adjusted EBITDA for Q1 rose 14% and beat analyst expectationsCompany completed two acquisitions and repurchased $20 mln in sharesOutlookSiteOne expects 2026 prices to increase 2% to 3% for ...
Reuters
Wed, Apr 29
Gold: Rising oil clouds Fed easing hopes – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report Gold has traded lower despite geopolitical tensions, as higher Oil prices refocus markets on inflation, real rates and the Federal Reserve (Fed) path.
Gold
Fxstreet
Wed, Apr 29
Greece says it has agreed with Qatar to expand trade, energy and defence cooperation
April 29 (Reuters) - Greece said on Wednesday it agreed to bolster its cooperation with Qatar on several areas, including trade, energy and defence.Greek Prime Minister Kyriakos Mitsotakis and Qatar's Emir Sheikh Tamim Bin Hamad Al Thani discussed bilateral ties and the ongoing conflict in Iran...
Reuters
Wed, Apr 29
Bunge beats first-quarter profit estimates
April 29 (Reuters) - Bunge BG.N beat Wall Street estimates for first-quarter adjusted profit on Wednesday, as the grain trader benefited from a recovery in processing margins.The Missouri-based company posted an adjusted profit of $1.83 per share for the three months ended March 31, compared with an...
Reuters
Wed, Apr 29
Trump administration rejects women picked for soybean board, appoints men instead
USDA usually approves top candidates picked by peers in statesMove reduces female leadership on soy board to lowest in a decadeWomen farmers express concern over gender bias in appointmentsBy Karl Plume CHICAGO, April 29 (Reuters) - The Trump administration rejected all four women farmers chosen ...
Reuters
Wed, Apr 29
PRECIOUS-Gold slips as oil prices fuel inflation fears ahead of Fed chair remarks
Trump unhappy with latest Iran peace proposalFOMC decision due at 1400 GMT followed by Powell speech Global gold demand rose 2% y-o-y in Q1'2026 - World Gold CouncilBy Pablo Sinha April 29 (Reuters) - Gold prices slipped on Wednesday, as rising oil prices fuelled concerns of persistent inflat...
Reuters
Wed, Apr 29
Trump meets with oil executives as Iran stalemate drags on, Axios reports
April 29 (Reuters) - U.S. President Donald Trump and his top officials met with oil and gas executives including Chevron CVX.N CEO Mike Wirth at the White House on Tuesday to discuss the energy fallout of the Iran war and other topics, Axios reported on Wednesday. White House chief of staff Susie Wi...
Reuters
Wed, Apr 29
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