Thursday, 26 May 2016

Things You Need to Know Today - May 26, 2016

WTI has topped $50.
Here are some market headlines which make today's news. 


The deal avoids an immediate financial crisis, which is something, no doubt. It doesn’t actually preclude the measures, including further debt relief, that will sooner or later be needed to put the Greek economy back on a stable footing. But it’s a breakthrough with European characteristics -- one that settles nothing. #Bloomberg



Hebei, China's top steelmaking province, has pledged to close a total of 14.22 million tonnes of capacity in 2016 as part of the country's efforts to tackle a price-sapping glut in the sector, the official Xinhua news agency said on Thursday. BEIJING #Reuters


The game changer was last year's decision by the Shanghai Futures Exchange (ShFE) to allow Norilsk brands to be delivered against its new, booming nickel contract. #Reuters


The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the heart of the global shipping industry for centuries, the two companies said on Wednesday. #cnbc

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