Goldman sees Fed-driven dip in commodities as a ‘buying opportunity’
June 18 (Reuters) – Goldman Sachs said on Friday the recent slip in commodities prices driven by the U.S.
Commodities
EXPLAINER-Mystery behind slump in India’s Adani Group company shares
(Updates shares) By Sudarshan Varadhan and Abhirup Roy CHENNAI, June 18 (Reuters) – Shares of companies controlled by Indian billionaire Gautam Adani recorded their biggest weekly losses ever.
GRAPHIC-Global equity funds see biggest inflows in three weeks – Lipper
June 18 (Reuters) – Investment flows into global equity
funds jumped to the highest in three weeks in the week ended
June 16, as investors shrugged off inflation worries and focused
on the improving global economic outlook.
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.
EXPLAINER-Mystery behind slump in India’s Adani Group company shares
By Sudarshan Varadhan and Abhirup Roy
CHENNAI, June 18 (Reuters) – Shares of companies controlled
by Indian billionaire Gautam Adani are set to record their
biggest weekly losses ever.
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.
UPDATE 1-Lightsource bp to invest $566 mln in Spanish solar projects
(Writes through with BP statement)
MADRID, June 18 (Reuters) – Lightsource bp will invest 475
million euros ($566 million) in power projects it is buying in
northern Spain, the solar developer half-owned by energy giant
BP said on Friday.
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.