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NYSE-parent ICE beats first-quarter profit estimates on robust trading volume
By Prakhar Srivastava May 1 (Reuters) - Intercontinental Exchange ICE.N beat Wall Street estimates for first-quarter profit on Thursday, benefiting from strong trading volumes in energy and options segments. Shares of the New York Stock Exchange parent were up 1.2%. Global commodity and energy m...Reuters
Thu, May 1
US says minerals deal will strengthen Trump in talks with Russia
US and Ukraine signed minerals deal on WednesdayWashington and Kyiv hail the deal, Kremlin silent on itTrump is seeking a peace deal in the war in Ukraine KYIV/WASHINGTON, May 1 (Reuters) - Kyiv and Washington on Thursday hailed a deal giving the United States preferential access to new Ukrainia...Reuters
Thu, May 1
White House says small businesses to get tariff relief through taxes
WASHINGTON, May 1 (Reuters) - Small businesses will see economic relief in the form of tax cuts, a top White House official said on Thursday after the U.S. Chamber of Commerce said it had asked the Trump administration for tariff exclusions. Asked about the Chamber's request, White House dep...Reuters
Thu, May 1
US-Iran talks set for Saturday likely to be postponed, Axios reporter says
WASHINGTON, May 1 (Reuters) - A fourth round of talks between the United States and Iran, which was due to take place in Rome on Saturday, is likely to be postponed until next week, an Axios reporter said on Thursday, citing three sources. A meeting planned for Friday with Iran and Britain, France a...Reuters
Thu, May 1
US Henry Hub natural gas prices hit three-year high in April
May 1 (Reuters) - U.S. spot natural gas prices for the month of April rose to a three-year high at the Henry Hub NG-W-HH-SNL benchmark in Louisiana, according to pricing data from financial firm LSEG.Gas prices averaged $3.41 per million British thermal units (mmBtu) in April, their highest for that...Reuters
Thu, May 1
PBF Energy posts quarterly loss amid maintenance, turnaround activities
May 1 (Reuters) - U.S. refiner PBF Energy PBF.N posted a quarterly loss on Thursday versus year-ago profit, as the fire at its Martinez refinery in California and other turnaround activities weighed on refining margins.U.S. refineries typically undergo seasonal maintenance and turnaround activities ...Reuters
Thu, May 1
US natgas prices edge up on daily output drop ahead of storage report
U.S. LNG export feedgas hit record high in AprilU.S. gas output hit record high in AprilU.S. gas storage about even with five-year averageBy Scott DiSavino May 1 (Reuters) - U.S. natural gas futures edged up about 1% on Thursday on a drop in output over the past few days and forecasts for more de...Reuters
Thu, May 1
CBOT Trends-Wheat up 1-3 cents, corn up 2-3, soybeans down 3-up 1
CHICAGO, May 1 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday. WHEAT - Up 1 to 3 cents per bushel* CBOT wheat futures ticked higher ahead of the release of U.S. export sales...Reuters
Thu, May 1
HF Sinclair refineries to operate at up to 93% of combined capacity in Q2 2025
NEW YORK, May 1 (Reuters) - Independent U.S. refiner HF Sinclair DINO.N plans to operate its seven refineries to operate at 93% of combined capacity of 678,000 barrels per day (bpd) in the second quarter of 2025, said Atanas Atanasov, chief financial officer, during a conference call on Thursday.Reuters
Thu, May 1
Albemarle CEO: Expects Global Lithium Demand To Grow 15-40% This Year
May 1 (Reuters) - Albemarle Corp ALB.N:CEO KENT MASTERS: EXPECTS GLOBAL LITHIUM DEMAND TO GROW 15-40% IN 2025CEO: EXPECTS GLOBAL LITHIUM DEMAND TO DOUBLE FROM 2024 TO 2030CEO: 'INCENTIVIZING SUPPLY GROWTH REQUIRES LONG-TERM LITHIUM PRICING WELL ABOVE CURRENT SPOT PRICES': NO SIGNIFICANT LONG...Reuters
Thu, May 1
DTE Energy quarterly profit rises on strength of gas and energy trading
May 1 (Reuters) - U.S. utility DTE Energy DTE.N reported a rise in first-quarter profit on Thursday, helped by strength in its gas and energy trading segments. Colder weather during the first three months of the year helped boost demand for natural gas used to power heating appliances. Detroit, M...Reuters
Thu, May 1
Targa Resources reports higher Q1 core profit on strength of North Dakota assets
May 1 (Reuters) - Pipeline operator Targa Resources TRGP.N on Thursday reported a rise in adjusted core profit in the first quarter, helped by its Badlands operations in North Dakota and as higher NGL prices and service fees the offset impact of lower volumes.Targa supplies natural gas and natural g...Reuters
Thu, May 1
Hershey posts robust quarterly results on North America snacks demand
May 1 (Reuters) - Hershey HSY.N posted a smaller-than-expected drop in sales for the first quarter and beat profit estimates on Thursday, helped by steady demand for its salty snacks business in North America.Sales in Hershey's North America snack business, home to Dot's pretzels and SkinnyP...Reuters
Thu, May 1
US-Ukraine minerals deal is economic partnership, signal to Russia, Bessent says
WASHINGTON, May 1 (Reuters) - The U.S.-Ukraine minerals deal is a full economic partnership that will allow President Donald Trump to negotiate with Russia on a stronger basis, Treasury Secretary Scott Bessent said on Thursday.The deal, signed on Wednesday, will give the United States preferential a...Reuters
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1
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
Thu, May 1