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PRECIOUS-Gold prices bounce back from one-week low on dip buying
April 24 (Reuters) - Gold rose on Thursday as investors bought the dip after prices hit one-week lows in the previous session on U.S. President Donald Trump's reassurance about not firing Federal Reserve Chair Jerome Powell and his remarks on China trade talks.FUNDAMENTALS* Spot gold XAU= rose 1...
Reuters
Thu, Apr 24
Oil steadies after 2% drop on potential OPEC+ output increase
By Colleen Howe BEIJING, April 24 (Reuters) - Oil prices ticked up early on Thursday after falling nearly 2% in the previous session, with investors weighing a potential OPEC+ output increase against conflicting tariff signals from the White House and ongoing U.S.-Iran nuclear talks.Brent crude f...Reuters
Thu, Apr 24
Caught in the tariff net: U.S. trade war threatens Chinese fish town
By Ella Cao, Xiaoyu Yin and Florence Lo MAOMING, China, April 24 (Reuters) - In Maoming, a southern Chinese city where a giant tilapia statue watches over traffic at an intersection, the fish isn't just a budget-friendly dinner, but a profession, income and way of life for thousands. Today, a...Reuters
Thu, Apr 24
CIF/FOB Gulf Grain-Corn, soy barge bids strengthen
CHICAGO, April 23 (Reuters) - Basis bids for corn and soybeans delivered by barge to U.S. Gulf Coast terminals were steady to stronger on Wednesday, rallying after a softer start to the week, traders said.* Farmer sales of both crops were thin, restricting the flow of grains into marketing channels ...Reuters
Thu, Apr 24
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 24 (Reuters) - Contract Target Support/Resistance Brent oil $64.91/$63.79res $66.71/$67.83Palm oil (3rd month)3,968 ringgitres 4,072/4,119 ringgitWTI* $63.26/$62.20res $65.64/$66.54Spot gold$3,270/$3,199res $3,350/$3,385LME copper (3rd month...Reuters
Thu, Apr 24
Trump administration opens national security probe into imported commercial trucks
By David Shepardson WASHINGTON, April 23 (Reuters) - The U.S. Commerce Department said on Wednesday it is opening a probe into national security impacts of imports of medium-duty and heavy-duty trucks and related parts into the United States.The "Section 232" investigation could form the...Reuters
Wed, Apr 23
Australia's Albanese pledges to set up critical minerals strategic reserve
By Renju Jose SYDNEY, April 24 (Reuters) - Australia's ruling centre-left Labor government on Thursday pledged an initial investment of A$1.2 billion ($763 million) to set up a strategic reserve of critical minerals as it looks to create a separate supply chain in a market dominated by China....Reuters
Wed, Apr 23
LIVESTOCK-CME cattle futures rally on hints of tariff relief
By Renee Hickman CHICAGO, April 23 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures climbed on Wednesday as investors hoped for de-escalation in the U.S.- China trade conflict. CME June live cattle futures LCM25 reached life of contract highs and settled up 1.825 cents at 20...Reuters
Wed, Apr 23
Southern New Jersey wildfire 40% contained after burning 12,500 acres
By Mia MacGregorApril 23 - (The Insurer) - A wildfire that broke out Tuesday morning in Ocean County, New Jersey, has burned at least 12,500 acres and reached 40% containment by Wednesday afternoon amid the state’s peak wildfire season.The Jones Road Fire ignited in the Greenwood Forest Wildlife Man...Reuters
Wed, Apr 23
FirstEnergy beats first-quarter profit estimates on higher electricity rates
April 23 (Reuters) - Utility firm FirstEnergy FE.N beat Wall Street estimates for first-quarter adjusted profit on Wednesday, as the utility was helped by rate hikes.Amid extreme weather conditions and demand growth, U.S. electric utilities are increasing investments in infrastructure to cope with t...Reuters
Wed, Apr 23
EXCLUSIVE-GM to increase production at Ohio transmission facility
By Kalea Hall and Nora Eckert DETROIT, April 23 (Reuters) - General Motors GM.N is increasing production of transmissions at its Toledo, Ohio facility, shifting away from EV drive unit manufacturing toward parts for gasoline vehicles, the company confirmed Wednesday.The transmission plant support...Reuters
Wed, Apr 23
Tankers chartered by Chevron to move Venezuelan crude seek other business
Marketing of the ships indicates Chevron will not load all cargoes this month One Venezuelan crude cargo still pending returnVessels chartered by Vitol, Reliance and Maurel & Prom departing on scheduleBy Arathy SomasekharHOUSTON, April 23 (Reuters) - Some tankers Chevron had chartered to move cr...Reuters
Wed, Apr 23
Tyson, other pork producers to pay $64 million in new price-fixing settlements
By Mike Scarcella April 23 (Reuters) - Tyson Foods TSN.N and two other pork processors have agreed to pay $64 million to resolve a lawsuit claiming they conspired to fix prices for food services providers, in an agreement that pushes total settlements in the case to more than $180 million.The por...Reuters
Wed, Apr 23
Newmont profit beats estimates as gold rally trumps weak output
April 23 (Reuters) - The world's biggest gold miner Newmont NEM.N beat Wall Street estimates for first-quarter profit on Wednesday as a rally in bullion prices helped offset lower production, sending its shares up 2% after hours.The average price of gold XAU= has been rising over the past fe...Reuters
Wed, Apr 23
Trump administration opens national security probe into imported commercial trucks
WASHINGTON, April 23 (Reuters) - The U.S. Commerce Department said Wednesday it is opening a probe into national security impacts of imports of medium-duty and heavy-duty trucks and related parts into the United States.The "Section 232" investigation could form the basis of grounds to impos...Reuters
Wed, Apr 23
COLUMN-Kazakhstan’s OPEC+ defiance could push Saudi into a painful price war: Bousso
Kazakhstan says oil output levels decided by national interest, not OPEC+Move signal Kazakhstan's possible exit from producers allianceSaudi Arabia could launch price warBy Ron Bousso LONDON, April 23 - Kazakhstan's public defiance of the OPEC+ oil production alliance could signal its exi...Reuters
Wed, Apr 23
EXCLUSIVE-GM to increase production at Ohio transmission facility
By Kalea Hall and Nora Eckert DETROIT, April 23 (Reuters) - General Motors GM.N is increasing production of transmissions at its Toledo, Ohio facility, shifting away from EV drive unit manufacturing toward parts for gasoline vehicles, the company confirmed Wednesday.The transmission plant support...Reuters
Wed, Apr 23
Trump plans to exempt carmakers from some tariffs, FT reports
April 23 (Reuters) - U.S. President Donald Trump is planning to spare carmakers from some tariffs, The Financial Times reported on Wednesday, citing two people with knowledge of the matter.Car parts would be exempted from tariffs that are being imposed on imports from China over fentanyl and tariffs...Reuters
Wed, Apr 23
California governor seeks help for struggling oil refiners
April 23 (Reuters) - California Governor Gavin Newsom has directed state officials to step up efforts to guarantee reliable fuel supplies for the nation's biggest auto market, prompting oil companies to blame state policies for difficult business conditions and high pump prices.Newsom's lett...Reuters
Wed, Apr 23
US Cash Crude-Coastal grades weaken on first day of roll trade
April 23 (Reuters) - U.S. coastal crude grades weakened on Wednesday, dealers said, on the first day of the "roll" trade, a period in which the market becomes more volatile as traders square their positions. The three-day roll trade begins after the front-month U.S. crude futures contract CL...Reuters
Wed, Apr 23
