GRAINS-Corn, soybeans rebound after sell-off as weather risks weighed

* New-crop corn, soybean futures fell nearly 7% on Thursday * Improved weather outlook, broad investor selling fuelled slide * Persisting drought risks, technical buying support bounce * Wheat also rebounds after being pressured by harvest (Updates throughout, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, June 18 (Reuters) – Chicago corn and soybean futures rose sharply on Friday as persistent drought risks for U.S. 

CEZ finds alternative as insurers pull cover from coal plants

PRAGUE, June 18 (Reuters) – Czech utility CEZ said on Friday it had found alternative insurance for its coal-fired power plants after two providers said they would stop covering them from next year as part of an industry drive to drop climate-damaging business. 

UPDATE 2-Sumitomo shareholders reject climate change resolution

(Recasts to add board victory) By Aaron Sheldrick TOKYO, June 18 (Reuters) – Sumitomo Corp shareholders on Friday rejected a proposal requiring the trading house to align its business with global climate change targets in a victory for the board over activist investors seeking more action on environmental issues. 

Norway’s May oil, gas output exceed forecast

OSLO, June 18 (Reuters) – Norway’s oil and gas production exceeded official expectations in May, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday. 

Germany’s 50Hertz says power reform a top priority for next government

* Quicker exit from reliable power supplies poses risks * Next government must review market set-up – 50Hertz * Some of Germany’s neighbours run back-up power markets By Vera Eckert FRANKFURT, June 18 (Reuters) – Tougher climate targets have made it more urgent for Germany’s next government to revamp energy regulations to protect the stability of power supplies and encourage much-needed investments, grid operator 50Hertz said on Friday.