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PRECIOUS-Gold slips as Trump backs off threats to fire Fed chair and lifts tariff hopes
Spot gold hit record high of $3,500.05 in previous sessionTrump says China tariffs will fall substantially after a dealJPMorgan expects gold prices to climb above $4,000 next year By Rahul Paswan April 23 (Reuters) - Gold prices dipped on Wednesday after U.S. President Donald Trump hinted at lowe...Reuters
Wed, Apr 23
EXCLUSIVE-Kazakhstan says oil output levels decided by national interest, not OPEC+
By Tamara Vaal ASTANA, April 23 (Reuters) - Kazakhstan will prioritise national interests over those of the OPEC+ group when deciding on oil production levels, the country's newly appointed Energy Minister Erlan Akkenzhenov told Reuters ratcheting up the standoff with the group.Several other ...Reuters
Wed, Apr 23
India's Tata Consumer beats revenue estimates on robust volumes, price hikes
April 23 (Reuters) - India's Tata Consumer Products TACN.NS beat quarterly revenue estimates on Wednesday, on higher sales volume and price hikes in its domestic food and beverage segment. Profit before tax and exceptional items, however, fell 5% year-on-year, due to higher tea prices and acquis...Reuters
Wed, Apr 23
NextEra beats profit expectations on rate hikes, robust power demand
April 23 (Reuters) - NextEra Energy NEE.N beat Wall Street estimates for first-quarter profit on Wednesday, boosted by rate hikes at its electric utility and increased power demand. On an adjusted basis, the Juno Beach, Florida-based company posted a profit of 99 cents per share, beating analysts...Reuters
Wed, Apr 23
Cyclic Materials to build $20 million recycling plant in Arizona
April 23 (Reuters) - BMW-backed BMWG.DE rare earths and metals recycler Cyclic Materials said on Wednesday it will build its first commercial plant in Arizona as part of a push to boost U.S. critical minerals supply.The Toronto-based company said it would invest its own funds into the $20 million pr...Reuters
Wed, Apr 23
RPT-COLUMN-Black Sea may hold back world wheat supplies into 2026: Braun
Repeats column first published on Tuesday. The opinions expressed here are those of the author, a market analyst for Reuters.By Karen Braun NAPERVILLE, Illinois, April 22 (Reuters) - The global wheat market narrative has recently shifted, though it's easy to have missed it.Exportable world wh...Reuters
Wed, Apr 23
GRAINS-Soybeans hit 2-month high on hopes of easing US-China trade tensions
Hopes for de-escalation of US-China trade tensions lift soybean pricesEU crop monitor nudges up 2025 soft-wheat yield forecastBy Naveen Thukral and Sybille de La Hamaide PARIS/SINGAPORE, April 23 (Reuters) - Soybean prices rose to a two-month high on Wednesday, underpinned by expectations of a de...Reuters
Wed, Apr 23
Decline in Silver demand leads to lower supply deficit on the Silver market – Commerzbank
The fact that Silver cannot keep pace with gold is explained by the importance of industrial demand, which is developing less dynamically than previously expected, Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Wed, Apr 23
Amphitrite adds $40 million of capacity to marine war offering
By Rebecca DelaneyApril 23 - (The Insurer) - MGA Amphitrite Underwriting has expanded its marine war offering with an additional $40 million of Lloyd’s capacity.Amphitrite said the additional capacity provides brokers and clients with increased options at a time when interest in marine war cover is ...Reuters
Wed, Apr 23
IsoEnergy Intersects Strongly Elevated Radioactivity In Multiple Holes Immediately Along Strike Of Hurricane And In Step-Out Target Area D, 2.8 KM East
April 23 (Reuters) - Isoenergy Ltd ISO.TO:ISOENERGY INTERSECTS STRONGLY ELEVATED RADIOACTIVITY IN MULTIPLE HOLES IMMEDIATELY ALONG STRIKE OF HURRICANE AND IN STEP-OUT TARGET AREA D, 2.8 KM EASTReuters
Wed, Apr 23
Perils pegs Cyclone Alfred initial loss estimate at A$2.57 billion
By Michael JonesApril 23 - (The Insurer) - Loss aggregator Perils has issued an initial industry loss estimate of A$2.57 billion ($1.65 billion) for Cyclone Alfred, which affected the Australian states of Queensland and New South Wales between February 28 and March 12, 2025.The loss number covers th...Reuters
Wed, Apr 23
Asia Naphtha/Gasoline-Naphtha margin stable; gasoline gains
NEW DELHI, April 23 (Reuters) - Asia's naphtha refining profit margin was steady on Wednesday after window activity remained thin for a fourth straight session, but backwardation was on a widening trend, signaling supplies could be tight again.The crack traded at about $83 per ton over Brent cru...Reuters
Wed, Apr 23
Attack on the Fed boosts Gold – Commerzbank
Following the US President's verbal attack on Federal Reserve Chairman Powell, the price of Gold reached a new record high of $3,500 per troy ounce. In euro terms, the precious metal has now also broken through the 3,000 mark, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Wed, Apr 23
Tereos sees EU sugar beet area falling by 9% next season
By May Angel GENEVA, April 23 (Reuters) - French group Tereos, one of the world's largest sugar makers, said on Wednesday it sees the area dedicated to growing sugar beet in Europe falling by 9% next season as slumping prices in the bloc take their toll. Thanks to surging sugar exports from U...Reuters
Wed, Apr 23
