Ukraine sugar producer Astarta completes 2022 sugar sowing
KYIV (Reuters) – Ukraines major white sugar producer, Astarta, has completed sowing at 33,000 hectares, almost the same acreage as it sowed in 2021, the company said on Monday.
New York state factory activity slumps in May
(Corrects first paragraph to show activity slumped for the third time this year and not second time)
Explainer-What Indias u-turn on wheat exports means for world markets
SINGAPORE (Reuters) – Indias ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses Canada, Europe and Australia and snarled supply lines in the war-torn Black Sea area.
Russian wheat prices up, export pace slows
(Reuters) – Russian wheat export prices rose last week with higher wheat prices in Chicago, analysts said on Monday, adding that the countrys exports were slowing down due to seasonal factors.
Russian rainy-day fund shrinks slightly to $154.95 billion in April
(Reuters) – Russia‘s National Wealth Fund (NWF), which accumulates the country’s oil revenues, declined slightly in U.S. dollar terms to $154.95 billion as of May 1 from $155.2 billion a month earlier, finance ministry data showed on Monday.
Czechs plan new state energy trader to boost gas security
PRAGUE (Reuters) – The Czech industry ministry plans to launch a new state energy trader whose main aim is purchasing gas as the central European country seeks to boost its energy security and shift away from dependence on Russian supplies.
Factbox-Global food export bans
PARIS (Reuters) – India banned wheat exports on Saturday as a heatwave curtailed output and domestic prices soared, a blow to global buyers banking on the world‘s second-biggest wheat producer after Russia’s Feb. 24 invasion of Ukraine hit Black Sea supplies.
Mexico to suspend import duties on food staples to tackle inflation
MEXICO CITY (Reuters) -Mexico will waive import duties for one year on a range of household staples, most of them foodstuffs, in a bid to curb inflation, the government said in its official gazette on Monday.
Israel ramping up gas output, looks to help supply Europe
By Ari Rabinovitch HAIFA, Israel (Reuters) – Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace Russian supply.
Polish net inflation at 7.7% y/y in April – central bank
(Reuters) – The following is a table of Polish annual net inflation indices for April, published by the central bank on Monday.
Carlyle to buy U.S. defense contractor ManTech for about $3.9 billion
(Reuters) – Private equity firm Carlyle Group Inc said on Monday it had entered an all-cash deal to buy U.S. defense contractor ManTech International Corp for $3.93 bln.
Czech gas storage at over 40% capacity -minister
PRAGUE (Reuters) – Czech gas storage has reached more than 40% of capacity as of Monday, Industry Minister Jozef Sikela said.
Hungary still has no acceptable proposal from EU on Russia oil sanctions -minister
BUDAPEST (Reuters) – Hungary has not received any new serious proposal from the European Commission regarding oil sanctions on Russia since a visit of the Commission president to Budapest earlier this month, Hungarys foreign minister said on Monday on his Facebook page.
Futures slip as China data sparks growth fears
(Reuters) – U.S. stock index futures fell on Monday as downbeat data out of China stoked fresh concerns about a global economic slowdown at a time when investors are already on edge over aggressive policy tightening by the Federal Reserve.
EU, U.S. raise cooperation to counter Ukraine war disruption
PARIS (Reuters) – The European Union and the United States agreed on Monday to cooperate more closely to counter disrupted supply of industrial commodities and food caused by Russias invasion of Ukraine and to combat disinformation from Moscow.
Lukashenko urges Russia-led CSTO military alliance to unite against West
(Reuters) – Belarusian President Alexander Lukashenko on Monday urged other members of a Russian-dominated military alliance to stand united, and accused the West of hoping to prolong the conflict in Ukraine to try to weaken Russia as much as possible.
Activist shareholder ENKRAFT raises stake in renewables firm PNE
FRANKFURT (Reuters) – Energy activist shareholder ENKRAFT has increased its stake in German wind power project developer PNE, according to a regulatory filing published two days before an expected power tussle at the groups annual general meeting (AGM).
Ex-Goldman CEO Blankfein says recession possibility is 'very high risk factor'
Former Goldman Sachs CEO Lloyd Blankfein believes the economy is at risk of possibly going into a recession
Gold up from three-month lows as U.S. bond yields weaken
By Bharat Gautam (Reuters) – Gold edged up on Monday from a more than three-month trough hit in the previous session, as lower U.S. Treasury yields kept demand for zero-yield bullion afloat above the key psychological support level of around $1,800 per ounce.
Egypt expects to reach a agreement with IMF ‘within months’
(Reuters) – Egypt expects to reach a new programme with the International Monetary Fund “within months”, Prime Minister Mostafa Madbouly said on Sunday in a televised news conference.