David Evans

1 month ago | gurutrade.com | Gleb Stolyarov |Alexander Marrow |David Evans |Tomasz Janowski

May 23 (Reuters) - Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems, lower revenues and some sanctioned vessels sitting idle. The United States and the European Union imposed sanctions on Sovcomflot and its fleet in 2024 to try and reduce Russia's revenue from oil sales that it can use to finance its war in Ukraine.

1 month ago | gurutrade.com | Lucy Raitano |Rocky Swift |Stephen Coates |David Evans

TOKYO, May 20 (Reuters) - The dollar slipped again on Tuesday after declining for a week, weighed down by the Federal Reserve's caution over the economy while traders considered news that upcoming U.S.-Japan talks could include discussions on FX and avoiding volatility. The greenback sold off broadly on Monday following last week's downgrade of the U.S. sovereign rating by Moody's on deficit concerns.

1 month ago | gurutrade.com | Ashitha Shivaprasad |Pratima Desai |Jan Harvey |David Evans

LME aluminium gained 7% last year Recession risks could push aluminium prices below $2,000, Morgan Stanley says Aluminium could outperform copper this year, analyst says May 15 (Reuters) - Weakness in aluminium demand linked to trade tensions will likely weigh on prices this year, but a longstanding cap on Chinese output could limit losses, analysts said.

1 month ago | today.westlaw.com | Jan Harvey |Forrest Crellin |Sonia Cheema |David Evans

PARIS (Reuters) -Engie is slowing new U.S. renewable energy projects due to uncertainty over tariffs on imported materials for solar installations and batteries, the French utility said on Thursday. U.S. President Donald Trump has imposed tariffs on...

1 month ago | gurutrade.com | Anton Bridge |Christopher Cushing |Kirsten Donovan |David Evans

Softbank makes first annual profit since year ended March 2020 $500 Stargate data centre scheme largely unimpacted by tariffs Yet to discuss financing of individual sites as due diligence continues Later stage startup holdings perform well but early stage holdings suffer large falls in value TOKYO, May 13 (Reuters) - Japan's SoftBank Group reported its first annual profit in four years on Tuesday, likely bringing relief to investors scarred by high-profile failures as it embarks on another...