May 24 (Reuters) - Grade Prices Thai RSS3 (June) 89.14 baht/kg Thai STR20 (June) 69.04 baht/kg Thai 60-percent latex (bulk/June) 59.10 baht/kg Malaysia SMR20 (June) $1.77/kg Indonesia SIR20* $1.72/kg Thai USS3 N/A *As of May 23 NOTE: Prices are sourced from the Rubber Authority of Thailand, the Malaysian Rubber Board, the International Rubber Consortium, and a private Thai website that collates auction prices. (Reporting by S. Arvind in Bengaluru)
Middle Eastern carrier knocks Singapore off the top spot at the Oscars of the aviation world as North American airlines miss out on prizes once again.
Hit with Chinese tariffs, Australia's wine industry struggled to offset the impact of falling exports despite scrambling to build new markets, source grapes from elsewhere and seek government help, industry executives said. Though the EU's winemakers are not part of the current spat, its pork and brandy sectors fear they could be hit with retaliatory measures from Beijing after the bloc imposed tariffs of up to 38% on Chinese-made electric vehicles. The first tariffs on wine were introduced in November 2020.
Indians bought a record 500,000 metric tons of sunflower oil for June delivery, as competition between leading suppliers Russia and Ukraine made it cheaper than soyoil and palm oil, two leading buyers and a customs official told Reuters. Higher sunflower oil purchases by the world's biggest importer of vegetable oils will help to reduce sunflower oil inventories in the Black Sea region and lift sunoil prices. A leading buyer who declined to be named said sunoil was trading at a discount to soyoil and even palm oil, which was tempting Indian buyers especially given robust demand in southern states.
Russia's oil and gas revenue in June is set to rise by more than 50% year on year to $9.4 billion, Reuters calculations showed, after a decrease in subsidies to refineries and reflecting the Russian economy's ability to limit the impact of sanctions. These revenues have been the most important single source of cash for the Kremlin, accounting for around a third to a half of total federal budget proceedings for the last decade. The military conflict in Ukraine has prompted the West to impose multiple sanctions aimed at curbing Russian oil and gas income that accounts for about a third of the country's federal budget.
Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.
The company did not say how many locations are closing
High flyers with great cabin crew and cleanliness took off with awards
Arm Holdings (ARM) was added to the Nasdaq 100 (^NDX) on Monday as shares are up nearly 140% since its public debut in September. Arm Holdings CEO Rene Haas joins Market Domination Overtime to discuss the milestone and the British semiconductor company's outlook. Haas states that AI "is going to really, really change people's lives in terms of productivity, whether that's call centers that can become 100% automated, healthcare, bio-research where you can cut the research of a cancer drug from ten years to five years to three years. This is all going to be capable with AI. And then every device that we use, the data center, the automobile, your PC, your smartphone, they all need to run AI. There's no quibble around that." He notes that 70% of the world's devices use Arm chips, positioning them well in the overall AI race. He adds, "I think respectfully, the analysts maybe didn't quite understand or have an appreciation at the pace of which things were moving," pointing to how quickly AI has grown. He believes the technology will be a tailwind for both smartphones and Arm, stating, "Since most of these devices are already Arm-based and the software runs on Arm, it's pretty natural that we're going to be in the center of all of that." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
Indian imports of Russian coal have declined while U.S. shipments have risen in the three months ending in May, data from coal consultancy Bigmint showed, which traders attributed to Russian supplies becoming less competitive. Russia's exports of all types of coal to India over the period fell 22.4% from a year earlier to 6.76 million metric tons, Bigmint's data showed. U.S. exports rose 14.4% to 6.68 million tons in the same period.
India plans to expand production linked incentives (PLI) to small textile firms soon, part of efforts to increase garment exports to $50 billion by 2030, the federal textile minister said on Tuesday. The government introduced incentives for the textile sector in 2021, and has so far approved 64 proposals worth 198 billion rupees ($2.37 billion) to promote production of man-made fibre (MMF) fabric, garments and technical textiles. "We are considering to review the PLI scheme," Giriraj Singh, federal textile minister, said at the India International Garment Fair, noting the scheme had emerged as a big success to attract investments and expand production.
Oil prices fell in early Asian trade on Wednesday after an industry group reported a surprise jump in U.S. stockpiles, fueling concerns about weaker-than-expected demand in the top oil consuming nation. Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. The American Petroleum Institute (API) reported U.S. crude oil stocks rose by 914,000 barrels in the week ended June 21, according to market sources briefed on the data.
Apple (AAPL) has reportedly rejected Meta's (META) attempts at forging a partnership. According to a Bloomberg report, the tech giant declined Meta's proposal to integrate its AI chatbot technology into Apple smartphones several months ago. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
India's state-owned Hindustan Copper plans to develop two of its copper mines for which Adani Enterprises and Hindalco Industries have shown preliminary interest, a source with direct knowledge of the matter said. "Adani and Hindalco attended the pre-bid conference earlier today," the source said, declining to be identified due to the sensitive nature of discussions. Both Adani Enterprises and Hindalco did not immediately respond to a Reuters requests for comment.
STORY: China has approved the sale of popular weight-loss drug Wegovy.That's according to Danish drugmaker Novo Nordisk on Tuesday.In March, Novo said it would initially focus on patients paying out-of-pocket for the weekly injectable drug once approved in the country.The company did not immediately respond to a Reuters request for comment on its launch plan.It also didn't elaborate on costs and expected supplies of the weight-loss treatment in China.The latest approval comes at a key point for Novo in the Chinese market.Its patent there on active ingredient semaglutide will expire in less than two years. Local drugmakers have also raced to develop generic versions, and Novo faces competition from U.S. rival Eli Lilly.Novo has grown massively in recent years to become Europe's most valuable company.Another of its drugs, Ozempic, won approval from Beijing three years ago.Novo saw sales of the product in the greater China region double to $698 million last year.
A Bloomberg report said U.S. regulators might water down a controversial proposed overhaul of banks’ capital requirements.
Prosecution claims Anne Geeves and husband Robert, who have both pleaded not guilty, used Haigh as a ‘surrogate mother’ and then killed her
Three Lions still top Group C at Euro 2024 despite another frustrating performance in Cologne
England went through to the last 16 at Euro 2024 on Monday night without kicking a ball, as did France and the Netherlands
The 18-year-old celebrated her high school graduation with her famous mom Katie Holmes by her side
Kylie Jenner made her return to Paris Fashion Week, attending the Schiaparelli show wearing a see-through crystal embellished corset dress and netted face veil.
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