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PRECIOUS-Gold hits two-week low as easing trade tensions boost risk appetite
Trump says he has 'potential deals' with India, South Korea and JapanUS economy shrinks in first quarter of fiscal 2025US nonfarm payroll report due on FridayWeaker payroll report may push gold to $3,500 over the coming months, analyst saysBy Anmol Choubey May 1 (Reuters) - Gold fell near...Reuters
15 hours ago
Nigeria's Aliko Dangote 'comfortable' with impact of Trump tariffs on urea exports
LAGOS, May 1 (Reuters) - Nigerian billionaire Aliko Dangote said on Thursday he was "comfortable" with the impact President Donald Trump's tariffs would have on his urea exports to the U.S. because major competitor Algeria had been slapped with a higher levy.Trump imposed a 14% tariff on...Reuters
15 hours ago
NYSE-parent ICE's first-quarter profit rises on robust trading volume
May 1 (Reuters) - Intercontinental Exchange ICE.N reported an increase in first-quarter profit on Thursday, as it benefited from strong trading volumes in energy and options segments. The New York Stock Exchange parent reported adjusted earnings of $995 million, or $1.72 per share, for the quarter ...Reuters
15 hours ago
US-Ukraine minerals deal economic partnership, signal to Russia, Bessent says
WASHINGTON, May 1 (Reuters) - The U.S.-Ukraine minerals deal is a full economic partnership that will that allow President Donald Trump to negotiate with Russia on a stronger basis, Treasury Secretary Scott Bessent said in an interview on Thursday.The deal will show "Russian leadership that ther...Reuters
15 hours ago
Sumitomo Corp eyes record profit, creates loss buffer against US tariffs
Forecasts Y570 bln net profit for FY25/26Sets aside Y40 bln financial buffer amid U.S. tariffsStill considering all options for Ambatovy nickel projectBy Katya Golubkova, Yuka Obayashi TOKYO, May 1 (Reuters) - Japanese trading house Sumitomo Corp 8053.T on Thursday forecast a record net profit of...Reuters
15 hours ago
TC Energy's first-quarter profit misses estimates
May 1 (Reuters) - Canadian pipeline operator TC Energy TRP.TO missed estimates for first-quarter profit on Thursday, hurt by weakness in its power and energy solutions business.On an adjusted basis, the Calgary-based company earned C$0.95 per share for the three months ended March 31, compared with ...Reuters
16 hours ago
US refiner HF Sinclair posts smaller-than-expected loss in first quarter
May 1 (Reuters) - U.S. refiner HF Sinclair DINO.N posted a smaller-than-expected loss in the first quarter on Thursday, supported by sequential improvement in refining margins.The Dallas, Texas-based company posted an adjusted loss of 27 cents per share during the January-March quarter, compared wit...Reuters
16 hours ago
Mongolia Announces Framework For Collaboration On $2 Billion Renewable Energy Initiative
May 1 (Reuters) - MONGOLIA: ANNOUNCES FRAMEWORK FOR COLLABORATION ON $2 BILLION RENEWABLE ENERGY INITIATIVEMONGOLIA: SIGNED MOU WITH UPC RENEWABLES TO SUPPORT MONGOLIA’S CLEAN ENERGY TRANSITIONMONGOLIA: INVESTMENT WILL CONSTRUCT 2,400 MW CAPACITY WIND POWER PLANT AND 3200 MWH BATTERY STORAGE SYSTEM ...Reuters
16 hours ago
Putin holds phone call with UAE president, Kremlin says
MOSCOW, May 1 (Reuters) - Russian President Vladimir Putin spoke to United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan by phone on Thursday, the Kremlin said.Putin thanked Sheikh Mohammed for his role in mediating exchanges of Russian and Ukrainian prisoners of war, the Kremlin said.Reuters
16 hours ago
GRAINS-US export demand pulls corn prices higher
CANBERRA, May 1 (Reuters) - Chicago corn and wheat futures rose on Thursday after sharp declines earlier in the week, with corn supported by U.S. export demand and wheat by bargain-hunting. Soybeans edged lower as large South American harvests and a lack of Chinese demand for U.S. crops weigh on...Reuters
16 hours ago
Venezuela loses 20% of oil exports after cargo cancellations to Chevron
May 1 (Reuters) - Venezuela's oil exports fell almost 20% to some 700,000 barrels per day (bpd) in April, the lowest level in nine months, as cargo cancellations to U.S.-based producer Chevron CVX.N forced ships to return and left some ports empty, ship tracking data and documents showed.Venezue...Reuters
16 hours ago
IN CASE YOU MISSED IT–Schedule of Reuters features from this week
May 1 - Every week, Reuters journalists produce scores of multimedia features and human-interest stories from around the world.Below are some stories from this week selected by our editors, as well as explanatory context and background to help you understand world headlines. For a full schedule of n...Reuters
16 hours ago
INSIGHT-Pentagon's AI metals program goes private in bid to boost Western supply deals
AI model aims to promote deals by offering more certainty on future pricingPentagon will continue to fund the AI program through at least 2029More than 30 companies have joined non-profit Critical Minerals ForumBy Ernest Scheyder May 1 (Reuters) - A U.S. government-created artificial intelligence...Reuters
16 hours ago
Japanese trading houses conservative on profit forecasts amid US tariffs
By Yuka Obayashi and Katya Golubkova TOKYO, May 1 (Reuters) - Japanese trading houses Mitsui & Co 8031.T, Sumitomo Corp 8053.T and Sojitz 2768.T on Thursday issued cautious profit forecasts for the current fiscal year as U.S. tariffs threaten global supply chains and increase economic uncerta...Reuters
17 hours ago
The Spanish state should take over grid operator, says deputy prime minister
MADRID, May 1 (Reuters) - The state should take 100% control of the Spanish grid operator, Spain's Deputy Prime Minister Yolanda Díaz said on Thursday, days after the country suffered its worst blackout. Red Electrica, known as REE, is 20%-owned by the state and the rest is in private hands. ...Reuters
17 hours ago
EUROPE GAS-Prices rangebound amid thin trading, soft demand
LONDON, May 1 (Reuters) - Dutch and British wholesale gas prices traded in a narrow range on Thursday morning amid thin trading due to the Labour Day holiday in several European countries.The benchmark Dutch front-month contract TRNLTTFMc1 was down 0.47 euro to 31.73 euros per megawatt hour (MWh), o...Reuters
17 hours ago
ExxonMobil Baytown, Texas Complex Reports Operational Issue
May 1 (Reuters) - Exxon Mobil XOM.N:REPORTS AN OPERATIONAL ISSUE AT ITS BAYTOWN TEXAS, COMPLEX WHICH IS RESULTING IN SAFETY FLARING AND NOISESOURCE: COMMUNITY ALERTTHE BAYTOWN COMPLEX HOUSES A CHEMICAL PLANT, AN OLEFINS PLANT AND A 564,440 BARREL-PER-DAY OIL REFINERYReuters
17 hours ago
WTI falls toward $57.00 due to concerns over OPEC+ supply increase, weakening demand
West Texas Intermediate (WTI) crude Oil price is extending its losing streak for a fourth consecutive session on Thursday, trading around $57.20 per barrel during European hours. Oil prices have fallen to their lowest level in three weeks, weighed down by concerns over a potential supply increase..
Fxstreet
18 hours ago
Alcoa says Q2 order book strong despite tariffs, assessing Spain power risks
Alcoa says no visibility on orders past the first-halfCompany has no plans to build a new U.S. smelter Says difficult to have electro-intensive business if Spain's grid is unstableBy Melanie BurtonMELBOURNE, May 1 (Reuters) - Aluminium producer Alcoa AA.N said on Thursday its order book for the ...Reuters
18 hours ago
PRESS DIGEST- New York Times business news - May 1
May 1 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- United States will share future revenues from Ukraine's mineral reserves under a deal announced by the Trump administration tha...Reuters
19 hours ago
GRAINS-US export demand pulls corn prices higher
CANBERRA, May 1 (Reuters) - Chicago corn and wheat futures rose on Thursday after sharp declines earlier in the week, with corn supported by U.S. export demand and wheat by bargain-hunting. Soybeans edged lower as large South American harvests and a lack of Chinese demand for U.S. crops weigh on...Reuters
19 hours ago
PRECIOUS-Gold slips to 2-week low as trade tensions ease; US payrolls data on tap
U.S. economy shrinks in first quarter of fiscal 2025Trump says he has "potential deals" with India, South Korea and JapanDollar up 0.4% against its peersBy Anushree Mukherjee May 1 (Reuters) - Gold eased to hit its lowest level in two weeks on Thursday as the dollar's strength and eas...Reuters
20 hours ago