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Indian state refiners eye Russian oil as discounts rise ahead of Trump-Putin talks, sources say
By Nidhi Verma NEW DELHI, Aug 14 (Reuters) - Indian state refiners have started making enquiries with trading firms about purchases of Russia's Urals crude oil as discounts widen, three people with knowledge of the matter said on Thursday, ahead of a high-profile meeting of U.S. and Russian l...Reuters
Thu, Aug 14
Deals of the day-Mergers and acquisitions
August 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** Japanese components maker Minebea Mitsumi has decided to raise its tender offer price for thermistor maker Shibaura Electronics to 6,200 yen ($42....Reuters
Thu, Aug 14
ASIA COFFEE-Prices rise in Vietnam on global cues, high demand for Indonesian beans
By Phuong Nguyen and Mas Alina ArifinHANOI, Aug 14 (Reuters) - Coffee prices in Vietnam rose from a week ago on Thursday following a global price recovery, while demand was strong in Indonesia amid depleting stockpiles, traders said.Farmers in the Central Highlands, Vietnam's largest coffee-grow...Reuters
Thu, Aug 14
Bank of America Projects Average Oil Surplus of 890,000 bpd Over Next Year
Aug 14 (Reuters) - Bank of America:PROJECTS AVERAGE SURPLUS OF 890,000 BARRELS PER DAY OF CRUDE OIL FROM JULY 2025 THROUGH JUNE 2026, RESULTING IN GLOBAL OIL INVENTORY BUILD UP OF 100 MLN BARRELSREITERATE BEARISH OUTLOOK FOR 2H25 OIL PRICES, WITH BRENT AVERAGING $63.50/BBL, TEMPORARILY BREAKING BELO...Reuters
Thu, Aug 14
Swiss gold industry warns against Swatch boss's US gold tax proposal
ZURICH, Aug 14 (Reuters) - Switzerland's gold industry on Thursday voiced scepticism about a proposal by the boss of watchmaker Swatch UHR.S to introduce a levy on gold exports to the United States in retaliation for U.S. tariffs on Switzerland.U.S. President Donald Trump last week imposed tarif...Reuters
Thu, Aug 14
India's Reliance makes rare fuel oil purchase from HPCL, sources say
By Jeslyn Lerh and Mohi Narayan SINGAPORE/NEW DELHI, Aug 14 (Reuters) - Reliance Industries RELI.NS, India's biggest buyer of Russian oil, has in recent weeks made rare fuel oil purchases from state-run Hindustan Petroleum Corp, seven industry sources said. The purchases suggest the operator ...Reuters
Thu, Aug 14
ICJ opinion raises questions on corporate liability exposures to climate litigation risk
By Rebecca DelaneyAug 14 - (The Insurer) - The recent advisory opinion by the International Court of Justice (ICJ) that UN member states have an obligation to protect the environment from greenhouse gas (GHG) emissions has scope to be used to support legal arguments against corporates, although the ...Reuters
Thu, Aug 14
RWE sticks with US market despite local push to curb renewable growth
FRANKFURT, Aug 14 (Reuters) - RWE RWEG.DE spent more than half of its investment budget in the United States in the first half, its finance chief said on Thursday, as Germany's largest power producer remains optimistic on the market despite efforts to curb the growth of renewables.Around 1.4 bil...Reuters
Thu, Aug 14
Congolese mining company rejects US allegations following sanctions
Aug 14 (Reuters) - The Congolese mining company sanctioned by the United States this week has said it "categorically rejects" allegations linking it to armed groups and mineral smuggling in turbulent eastern Democratic Republic of Congo.The U.S. Treasury Department on Tuesday announced sanct...Reuters
Thu, Aug 14
EUROPE GAS-Prices ease at heat wave ebbs but Trump-Putin summit in focus
Aug 14 (Reuters) - Dutch and British wholesale gas prices were down on Tuesday morning on signs of lower gas demand as temperatures eased and wind speeds were set to rise, but the market remains cautious of bigger moves ahead of Friday's Trump-Putin summit.The benchmark Dutch front-month contrac...Reuters
Thu, Aug 14
Oil falls on bearish fundamentals – ING
The oil market came under further pressure yesterday, settling under US$66/bbl for the first time since early June. Sentiment was bearish following releases from the International Energy Agency (IEA) and Energy Information Administration (EIA).Fxstreet
Thu, Aug 14
Importers struggle to resell Canadian canola meal caught in China tariff crossfire
Up to 400,000 tons of canola meal stuck in warehouses - tradersImporters want to resell cargoes to Asian animal feed makersTraders say canola meal cargoes being offered at 30% discountTrade tensions hit agricultural tradeBy Naveen Thukral SINGAPORE, Aug 14 (Reuters) - Importers are struggling...Reuters
Thu, Aug 14
Oil price structure narrows, premiums fall as supplies rise, summer demand ends
Backwardation for Brent, WTI 6-month time spreads narrow Brent's premium to Dubai lowest in 4 monthsSpot premiums for Oct-loading Dubai, Oman slip to month's lowBy Florence Tan, Georgina McCartney and Robert Harvey SINGAPORE/HOUSTON/LONDON, Aug 14 (Reuters) - Premiums for prompt benchmark...Reuters
Thu, Aug 14
Tariffs left 'skid marks' on quarterly results, Thyssenkrupp CFO says
FRANKFURT, Aug 14 (Reuters) - Thyssenkrupp TKAG.DE is experiencing restraint from customers, particularly in the automotive sector, in light of global trade disputes, the German conglomerate's finance chief told journalists on Thursday after presenting fiscal third-quarter results."Trade dis...Reuters
Thu, Aug 14
Antofagasta half-year earnings surge 60% on higher copper demand, prices
Half-year core earnings surge to $2.23 billionInterim dividend of 16.6 cents per share, vs 7.9 cents year-ago Company to boost copper output, key for green energy transition2025 capex seen at $3.9 billion, focus on Centinela concentratorBy Clara DeninaLONDON, Aug 14 (Reuters) - Chilean miner Antofag...Reuters
Thu, Aug 14
METALS-Copper dips ahead of key China data, supply concerns lend support
By Lucas Liew Aug 14 (Reuters) - London and Shanghai copper prices dipped on Thursday ahead of economic data from top consumer China, though supply disruptions and lower production forecasts lent some support to the market.Three-month copper on the London Metal Exchange CMCU3 was down 0.15% ...Reuters
Thu, Aug 14
