News
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Forestry giant Copec's profit dips as revenue beats forecasts
Aug 14 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN on Thursday posted an 21% drop in second-quarter profit although revenue surpassed expectations, as the forestry giant faces falling pulp prices and impacts from the U.S.-China trade war.Net profit for the three months ended ...Reuters
Thu, Aug 14
Brazil's BRF dodges bird flu trade disruptions, posts Q2 gains
By Ana ManoSAO PAULO, Aug 14 (Reuters) - Brazilian food processor BRF BRFS3.SA, the world's largest chicken exporter, said on Thursday it earned 735 million reais ($136 million) in the second quarter despite disruptions from a bird flu outbreak in May that triggered trade bans.The company, which...Reuters
Thu, Aug 14
Plastic pollution talks go into overtime as countries push for late breakthrough
Talks at risk of ending with no dealRace for compromise go into overtime Oil producing nations oppose virgin plastics curbsBy Olivia Le Poidevin and Emma Farge GENEVA, Aug 14 (Reuters) - Talks to create the world's first legally binding treaty to tackle plastic pollution went into overtime on...Reuters
Thu, Aug 14
Louisiana refinery gasoline unit work to start on Friday, Shell says
By Erwin SebaHOUSTON, Aug 14 (Reuters) - Shell SHEL.L said on Thursday that a planned overhaul on the gasoline-producing unit at its 231,827 barrel-per-day Norco, Louisiana, refinery would begin on Friday, confirming a Reuters report.People familiar with plant operations told Reuters on Wednesday th...Reuters
Thu, Aug 14
Expand Energy ousts CFO Mohit Singh
Aug 14 (Reuters) - Expand Energy EXE.O said on Thursday Mohit Singh, its chief financial officer since 2021, has left the natural gas producer, effective August 13.Singh departed due to a termination without cause and will pursue other interests, the company said.Expand Energy and Singh did not imme...Reuters
Thu, Aug 14
Brazil's BRF posts Q2 net profit of $136 mln, dodging bird flu trade disruptions
SAO PAULO, Aug 14 (Reuters) - Brazilian food processor BRF BRFS3.SA, the world's largest chicken exporter, said it earned 735 million reais ($136 million) in the second quarter despite trade disruptions caused by an outbreak of bird flu in May, which triggered trade bans.The company, which also ...Reuters
Thu, Aug 14
Forestry giant Copec's profits dip even as revenues beat forecasts
Aug 14 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN on Thursday posted an 21% drop in second quarter profit, landing at $228 million, from revenues that edged down 1% to $7.18 billion.Revenues for the firm, which owns a large forestry business as well as fuel distribution, min...Reuters
Thu, Aug 14
CatIQ: Calgary’s July hailstorm caused C$92 million in insured damages
By Mia MacGregorAug 14 - (The Insurer) - The hailstorm that hit Calgary on July 13 has resulted in nearly C$92 million ($66.6 million) in insured damages, according to initial estimates from Catastrophe Indices and Quantification (CatIQ). Vehicle damage accounted for 65% of all claims stemming from ...Reuters
Thu, Aug 14
CANADA-CRUDE-Discount on Western Canada Select narrows
Aug 14 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 narrowed on Thursday.WCS for September delivery in Hardisty, Alberta, settled at $11.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $...Reuters
Thu, Aug 14
US Cash Crude-WTI Midland strengthens as WTI/Brent spread widens again
Aug 14 (Reuters) - Cash crude differentials for WTI Midland broadly strengthened on Thursday as U.S. crude's discount to the international benchmark Brent widened to its most since mid-June. U.S. crude futures' discount to Brent widened to as much as minus $3.82 a barrel, the most since June...Reuters
Thu, Aug 14
Panama Canal to launch tender for construction, operation of two ports, source says
Separate tender for LPG pipeline also in preparationCanal to invest $8.5 bln in next five years to update infrastructureRio Indio reservoir project being challenged at Supreme CourtBy Elida Moreno PANAMA CITY, Aug 14 (Reuters) - The Panama Canal will soon begin consultations with companies about ...Reuters
Thu, Aug 14
Canada looking at support for canola farmers hit by China tariffs, says Carney
OTTAWA, Aug 14 (Reuters) - Canada is focusing on a series of measures to support canola farmers hit by China's latest tariffs, Prime Minister Mark Carney said on Thursday, but did not give specific details.In a post on X, Carney also said Ottawa would advance a constructive dialogue with China t...Reuters
Thu, Aug 14
LIVESTOCK-Cattle slip on profit taking, technicals after weak beef export data
By Karl Plume CHICAGO, Aug 14 (Reuters) - Chicago Mercantile Exchange cattle futures retreated on Thursday in a profit-taking and technical setback after three sessions of gains and as disappointing weekly beef export sales data weighed on the market.Futures, however, remain supported by tight su...Reuters
Thu, Aug 14
Brazil Potash seeks up to $1.8 billion to build Amazon mine
By Oliver GriffinSAO PAULO, Aug 14 (Reuters) - Brazil Potash Corp GRO.A is in talks with banks and other lenders to secure between $1.7 billion and $1.8 billion in debt to fund its planned potash mine in Brazil's Amazonas state, Chief Executive Matt Simpson said in an interview. The underground ...Reuters
Thu, Aug 14
Canal de Panamá planea lanzar en 2026 licitación para construir y operar dos nuevos puertos: fuente
CIUDAD DE PANAMÁ,14 ago (Reuters) - El Canal de Panamá empezará pronto consultas con empresas potencialmente interesadas para lanzar en el primer trimestre del próximo año una licitación competitiva para la construcción y operación de dos nuevos puertos dentro de su zona, dijo una fuente involucrada...Reuters
Thu, Aug 14
ICE canola futures weaken but stay in range
WINNIPEG, Manitoba, Aug 14 (Reuters) - ICE canola futures fell on Thursday but stayed mostly within yesterday's rebound range.• Volume has returned to the recent average and there are no signs of panic selling, traders said. • November canola RSX5 settled down $5.30 at $654.50 per metric ton. Ja...Reuters
Thu, Aug 14
Deals of the day-Mergers and acquisitions
Aug 14 - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Thursday:** Royal Bank of Canada RY.TO and Bank of Montreal BMO.TO have placed their Canadian payments joint venture up for sale, in a deal that may value the business as highly as $2 billion, four people f...Reuters
Thu, Aug 14
Oil prices climb 2% to 1-week high as Fed rate cut, Trump-Putin talks loom
Trump-Putin meeting in Alaska could impact Russian oil exportsAnalysts skeptical of significant oil supply disruption from US-Russia talksUS producer prices jumped last month, limiting possibility of big Fed rate cutBy Scott DiSavino NEW YORK, Aug 14 (Reuters) - Oil prices climbed about 2% to a o...Reuters
Thu, Aug 14
Panama Canal to launch tender for construction, operation of two ports, source says
HOUSTON, Aug 14 (Reuters) - The Panama Canal will soon begin consults with potentially interested companies to launch in the first quarter next year a competitive tender offering two new ports for construction and operation within its zone, a source involved in the preparations said on Thursday.Reuters
Thu, Aug 14
