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South Korean presidential frontrunner says US risks isolation with tariffs May 8, 2025 07:17AM

By Hyunjoo Jin

SEOUL (Reuters) - South Korea's presidential frontrunner said Seoul should not rush a trade deal with the United States and called for a coordinated response with other countries to U.S. tariffs, arguing that Washington risked isolation with its policy.

Lee Jae-myung, the presidential candidate of the Democratic Party, said on Thursday he expected Washington to face an uphill battle to pursue its "dangerous" policy, which... (continue reading...)


ConocoPhillips reports first-quarter profit beat, CFO to retire May 8, 2025 07:16AM

(Reuters) -ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday and said Chief Financial Officer Bill Bullock will retire after 39 years with the Texas-based oil and gas producer.

The $22.5 billion acquisition of Marathon Oil has boosted ConocoPhillips' presence in the Permian, Eagle Ford and Bakken basins, while also giving the energy company operations in the Anadarko shale formation and Equatorial Guinea.

... (continue reading...)


'Mediterranean Blue Diamond' could fetch $20 million at auction May 8, 2025 07:14AM

GENEVA (Reuters) -A 10-carat blue diamond which could fetch $20 million when it goes under the hammer later this month was presented by auction house Sotheby's in Geneva on Thursday.

The cushion-shaped piece, known as the "Mediterranean Blue Diamond," was mined in South Africa and displayed a rare colour that qualified as fancy vivid blue, Sotheby's said.

"The market for coloured diamonds continues to go from strength to strength," said... (continue reading...)


Morning Bid: UK eyes 'major trade deal' May 8, 2025 07:13AM

By Mike Dolan

LONDON (Reuters) - What matters in U.S. and global markets today

By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets

The spotlight hit Britain on Thursday as U.S. President Donald Trump's 'major trade deal' announcement looks set to provide a major relief for UK exporters, just as the Bank of England is set to cut interest rates.

I'll get into all the market news below, and,... (continue reading...)


Exclusive-US sanctions on China refiners over Iran oil disrupt operations, sources say May 8, 2025 07:11AM

By Siyi Liu, Trixie Yap and Chen Aizhu

SINGAPORE (Reuters) -Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer.

The targeting of independent refiners, known as teapots, marked an... (continue reading...)


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