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PRESS DIGEST-Financial Times - March 3
March 3 (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- Toyota bows to Elliott in $38bn buyout battle- Stronger UK public finances can withstand Iran war shock, Reeves to say- Blackstone fla...Reuters
7 minutes ago
GRAINS-Chicago soy surges, tracking soyoil gains; wheat dips
BEIJING, March 3 (Reuters) - Chicago soybeans rose on Tuesday, supported by higher soyoil prices, which tracked gains in the crude oil market amid the ongoing war in the Middle East, while concerns over Chinese demand and competition from Brazil kept a lid on prices.The most-active soybean contract ...Reuters
15 minutes ago
Taiwan says no worries about short-term LNG supplies, has long-term backup plans
TAIPEI, March 3 (Reuters) - Taiwan's economy ministry said on Tuesday there were no worries about short-term LNG supplies and that it has longer-term back up plans, following disruption caused by the war against Iran. In the event of a prolonged blockade by Iran, Taiwan will look to non-Middle E...Reuters
22 minutes ago
PRECIOUS-Gold extends gains as Middle East war boosts safe-haven demand
March 3 (Reuters) - Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. Spot gold XAU= was up 1% at ...Reuters
40 minutes ago
US will take action to mitigate oil price spike for Americans, Rubio says
WASHINGTON, March 2 (Reuters) - The U.S. will take action to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, Secretary of State Rubio said on Monday. Speaking to reporters at Capitol Hill, Rubio said Treasury Secretary Scott Bessent and Energy Secretary ...Reuters
an hour ago
BP Says BP Whiting Refinery Presents Union With Last, Best And Final Offer
March 3 (Reuters) - BP PLC BP.L:SAYS BP WHITING REFINERY HAS NOW PROVIDED THE UNION WITH THEIR MOST COMPREHENSIVE AND MOST COMPETITIVE OFFERSAYS OFFER ADDRESSES KEY TOPICS DISCUSSED DURING NEGOTIATIONS SAYS THE NEXT STEP IS FOR THE UNION TO REVIEW THE OFFER AND DECIDE HOW TO PROCEED, INCLUDING WHETH...Reuters
2 hours ago
GRAINS-Chicago soy surges, tracking soyoil gains; wheat, corn also up
BEIJING, March 3 (Reuters) - Chicago soybeans rose on Tuesday, supported by higher soyoil prices, which tracked gains in the crude oil market amid the ongoing war in the Middle East, while concerns over Chinese demand and competition from Brazil kept a lid on prices.Meanwhile, corn rose on brisk exp...Reuters
2 hours ago
Oil rises as expanding US-Israeli conflict with Iran elevates supply risks
March 3 (Reuters) - Oil prices rose for a third day on Tuesday as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $78.83 a barrel, up $...Reuters
2 hours ago
TECHNICALS-US oil still targets June 23 high of $78.40
For more technical analyses, click SINGAPORE, March 3 (Reuters) - U.S. oil CLc1 still targets its June 23, 2025 high of $78.40 per barrel due to a major breakout on Monday. The contract has broken a long-term trendline falling from the March 2022 high of $124.23. The break signals a reversal of the ...Reuters
2 hours ago
PRECIOUS-Gold extends gains as Middle East war boosts safe-haven demand
March 3 (Reuters) - Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-havens amid an escalating U.S. and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. FUNDAMENTALSSpot gold ...Reuters
2 hours ago
Thoma Bravo nears deal for WWEX to create $12 billion shipping tech firm, Bloomberg News reports
March 2 (Reuters) - U.S. private equity firm Thoma Bravo is in advanced talks to buy third-party logistics provider WWEX Group to create a shipping technology business worth as much as $12 billion, Bloomberg News reported on Monday, citing people familiar with the matter.The buyout would value WWEX ...Reuters
2 hours ago
CORRECTED-Canada's Monument Mining Q2 net income jumps on strong gold sales
OverviewCanada gold producer's Q2 FY 2026 net income rose significantly yr/yrCompany's Q2 FY 2026 gross margin increased 173% compared to last yearCompany's cash reserves increased by $19.81 mln, supporting future growthOutlookCompany continues exploration drilling at Selinsing and infra...Reuters
3 hours ago
Thoma Bravo nears deal for WWEX to create $12 billion shipping tech firm, Bloomberg News reports
March 2 (Reuters) - U.S. software-focused private equity firm Thoma Bravo is in advanced talks to acquire third-party logistics provider WWEX Group as part of a plan to create a shipping technology business worth as much as $12 billion, Bloomberg News reported on Monday, citing people familiar with ...Reuters
3 hours ago
NY court refuses to overturn arbitration ruling that favored Venture Global over Shell
Judge rejects Shell's request to overturn arbitration awardVenture Global accused of selling LNG at higher prices post-Ukraine invasionShell, Repsol lost arbitration; BP won but damages pendingBy Curtis Williams, Jonathan Stempel and Marwa Rashad HOUSTON/NEW YORK/LONDON, March 2 (Reuters) - A...Reuters
3 hours ago
S&P may cut Berkshire-owned PacifiCorp utility to junk because of wildfires
By Jonathan Stempel March 2 (Reuters) - S&P Global said on Monday it may downgrade PacifiCorp, a utility owned by Berkshire Hathaway BRKa.N, to junk status as liabilities mount from class action litigation over a series of Oregon wildfires in 2020.The warning came after an Oregon jury on Febr...Reuters
3 hours ago
Exxon, TotalEnergies output at risk from Iran war, analysts say
By Sheila Dang HOUSTON, March 2 (Reuters) - Exxon Mobil XOM.N, TotalEnergies TTEF.PA and Shell SHEL.L are among the companies with more exposure to disruptions in oil and gas production due to the U.S.-Israel war with Iran, analysts said in research notes on Sunday and Monday.The U.S. and Israel&...Reuters
3 hours ago
US LNG exports grew in February, new output could help fill Qatar supply gap
HOUSTON, March 2 (Reuters) - U.S. exports of liquefied natural gas rose more than 17% last month from a year earlier as Venture Global's VG.N Plaquemines plant in Louisiana ramped up production and Cheniere LNG.N brought on more units at its Corpus Christi facility, preliminary data from financial fReuters
4 hours ago
