Market Pulse - Commodities
Trump threatens China with more tariffs if Xi refuses meeting at G20
US President Donald Trump threatened China with a further hike in tariffs if President Xi Jinping refused to meet with him at the upcoming G20 summit in Japan.
Toyota aims to launch two ultra-compact electric vehicles by 2020
Toyota is aiming to get half of its global sales from electric vehicles by 2025 and is looking to launch two two-seater ultra-compact electric vehicles by next year.
PBoC Governor says "tremendous" room left for more stimulus
China's central bank has "tremendous" room to provide further policy stimulus if trade tensions with Washington escalate, its Governor said at the end of the week.
Mayan Energy stays on track despite 'exceptional period of weather'
Oil and gas producer Mayan Energy's Texan assets recorded a gross mean average production of 131 barrels of oil equivalent per day during the month of May from its Texas assets amidst "an exceptional period of weather".
Sector movers: Investors in 'defensives' breathing easier, at least for now
Defensive issues led the way higher on Thursday despite it being an up day for FTSE 350 stocks, possibly denoting underlying caution on the part of investors.
US trade deficit slightly higher than forecast in April, March revised up
America's shortfall on trade with the rest of the world shrank slightly in April amid a decline in both exports and imports.
Trump to decide on extra $300bn of China tariffs in two weeks
US President Donald Trump threatened China with an extra $300bn tariffs on Chinese imports on Thursday and that a decision might come in the "next two weeks", but added that he believes China wants a trade deal.
Trump needs more progress to avert Mexico tariffs, worries
Trump said on Wednesday that he needs to see more progress in talks between the US and Mexico before walking back on his threat to slap tariffs on up to 25% of all Mexican imports.
'Encouraging' exploration results at Rio Tinto's copper gold discovery
Rio Tinto said on Thursday that a new set of results from the copper-gold discovery in the Paterson province, Western Australia, are "encouraging".
Jaguar Land Rover and BMW announce collaboration on electric drive systems
Jaguar Land Rover and BMW Group confirmed on Wednesday that they are joining forces to develop next generation Electric Drive Units (EDUs) as part of a push in electrification technologies.
European Commission calls for Italy to be sanctioned over debt pile
The European Commission has recommended that Italy be sanctioned for failing to tackle its soaring levels of public debt.
Hurricane Energy announces 'first oil' at Lancaster
British oil and gas firm Hurricane Energy completed the start-up phase of its Aoka Mizu floating production storage and offloading unit with a 72-hour production test at its Lancaster field.
Greybull Capital plans to snap up British Steel's European assets
Private equity firm Greybull Capital, which owned British Steel until its collapse last month, is reportedly set to bid for the outfit's French and Dutch operations.
China steel sector merger could result in world's top producer
A merger between Chinese steelmakers Baowu and Magangset will create the world's top producer, with combined annual output exceeding that of the entire US, overtaking ArcelorMittal.
Shell projects higher-than-expected capex, might raise dividend
Royal Dutch Shell boosted its forecasts for free cash flow growth and opened the door to a hike in its dividend payout, even as it bumped-up its guidance for capital outlays by more than expected and set out the road map for the company's transition to a lower-carbon future.
Gazprom shares hit decade high on speculation of management changes
The market capitalisation of Russia's state-owned Gazprom reached its highest level since just after the start of the Great Financial Crisis at the start of the week, amid speculation that more management changes might be in the pipeline, Bloomberg reported.
An interest rate cut may be warranted soon, Fed's Bullard says
The head of the Federal Reserve bank of St. Louis, James Bullard, believes a reduction in short-term official interest rates may be "warranted soon", even if only as insurance against a sharper-than-expected slowdown in the economy.
Infineon acquires Cypress Semiconductors in €9.0bn deal
German semiconductor manufacturer Infineon agreed to acquire US firm Cypress Semiconductors in a deal worth €9bn, including debt.
UK Oil & Gas acquires majority interest in PEDL 143 licence
UK Oil & Gas has acquired a further 20% interest in UK onshore licence PEDL 143 from Ireland-focussed exploration, development and production company Europa Oil & Gas.