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New Fortress Energy seeks SEC extension to file quarterly report amid debt agreement talks
Aug 12 (Reuters) - New Fortress Energy said on Tuesday it has sought more time from the U.S. securities regulator to file its report for the second quarter ended June 30, citing ongoing talks over additional credit support required under one of its debt agreements.Shares of the U.S.-based liquefied ...Reuters
Tue, Aug 12
Low-sulphur gasoil deliveries for August rise at expiry, ICE data shows
Aug 12 (Reuters) - Deliveries of low-sulphur gasoil LGOc1 for August rose to 2,198 lots or 219,800 tons at expiry, up from 998 lots in July, Intercontinental Exchange data showed on Tuesday.The contract expired at $671.50 a ton.Reuters
Tue, Aug 12
CBOT Trends-Wheat down 6-7 cents, corn down 3-4, soybeans down 12-14
CHICAGO, Aug 12 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Tuesday: WHEAT - Down 6 to 7 cents per bushelWheat futures ticked down as traders adjusted positions before the monthly U.S. Department of Agriculture supply and demand report, ...Reuters
Tue, Aug 12
GRAINS-Soybeans ease before USDA data, canola slides on China anti-dumping duty
Soybeans shed some of Monday's gains as China demand hopes coolCanadian canola drops 6% after China sets anti-dumping dutyCorn, wheat also ease ahead of U.S. supply-demand reportBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Aug 12 (Reuters) - Chicago soybeans eased on Tuesday, giving up ...Reuters
Tue, Aug 12
CORRECTED-Venture Global beats second-quarter revenue estimates on higher LNG sales
Aug 12 (Reuters) - Venture Global VG.N surpassed Wall Street expectations for second-quarter revenue on Tuesday, as the easing of new export permits for liquefied natural gas in the U.S. helped improve sales.Commercial activity in the sector picked up pace after President Donald Trump lifted a morat...Reuters
Tue, Aug 12
A 'Farm Babe' fights for GMOs and Big Ag, pushing back on MAHA influencers
Miller pushes back on "Make America Healthy Again" narrativeWellness influencer Hari's platform has grown with MAHA movementSurvey shows people increasingly trust peers and influencers over expertsBy Renee Hickman Aug 12 (Reuters) - Michelle Miller stands in a field of corn, stalks st...Reuters
Tue, Aug 12
Electrical component maker Hubbell to buy peer DMC Power for $825 million
Aug 12 (Reuters) - Hubbell HUBB.N said on Tuesday it will acquire smaller peer DMC Power for $825 million in cash, as the electrical equipment maker bolsters its critical components portfolio to meet an expected boom in power demand. DMC designs and makes connector technology systems for high-vol...Reuters
Tue, Aug 12
Indian refiners using term deals as hedge against Russian supply risk, govt says
By Nidhi Verma NEW DELHI, Aug 12 (Reuters) - India's state oil refiners will continue to use annual contracts to secure oil supplies and hedge against market volatilities as the future of cheap Russian purchases is in doubt, the oil ministry said in a report to parliament on Tuesday. India...Reuters
Tue, Aug 12
CORRECTED-Malaysia's Petronas to boost international upstream portfolio to 60% over next decade
KUALA LUMPUR, Aug 11 (Reuters) - Malaysia's state energy firm Petronas plans to raise the share of its international upstream portfolio to 60% over the next decade, it said on Monday. The firm will build on its current international upstream portfolio, which now accounts for around 40% t...Reuters
Tue, Aug 12
European Union awaits US follow-up on trade deal promises
By Julia Payne BRUSSELS, Aug 12 (Reuters) - The European Union could not say when a joint statement on tariffs with the United States would be ready, nor when the White House would issue an executive order on European car import duties, a spokesperson said on Tuesday. The EU and U.S. reached a fr...Reuters
Tue, Aug 12
Gold steadies near $3,350 as traders await US inflation data
Gold (XAU/USD) steadies on Tuesday after slipping to a one-week low on the previous day. At the time of writing, the precious metal is consolidating near $3,345 during European trading hours, with investors awaiting the release of the US inflation data at 12:30 GMT for fresh monetary policy cues.
Fxstreet
Tue, Aug 12
RPT-COLUMN-Australia rescued a key metals refiner, but more is needed: Russell
By Clyde Russell LAUNCESTON, Australia, Aug 12 (Reuters) - It may seem like a small sum but the $87 million the Australian government is handing to two metal smelters owned by global commodity major Trafigura may turn out to be the start of a big deal.Australia's federal and state governments...Reuters
Tue, Aug 12
RPT-BREAKINGVIEWS-China's Nvidia pushback is only just beginning
By Robyn Mak HONG KONG, Aug 12 (Reuters Breakingviews) - China's relationship with Nvidia NVDA.O just got messier. Just one month after boss Jensen Huang's rockstar welcome in the People's Republic, state media has blasted the $4.4 trillion chipmaker's popular H20 processors over ...Reuters
Tue, Aug 12
REFILE-'Farm babe' versus 'food babe' influencer rivalry is a lopsided battle
Miller pushes back on "Make America Healthy Again" narrativeWellness influencer Hari's platform has grown with MAHA movementSurvey shows people increasingly trust peers and influencers over expertsBy Renee Hickman Aug 12 (Reuters) - Michelle Miller stands in a field of corn, stalks st...Reuters
Tue, Aug 12
PRECIOUS-Gold prices steady as investors await key US inflation data
US CPI data due at 1230 GMT, PPI data due on ThursdayU.S. gold futures slid over 2% on Monday from Friday's record Spot gold prices dropped 1.6% on MondayBy Sherin Elizabeth Varghese Aug 12 (Reuters) - Gold prices steadied on Tuesday after the previous session's sharp sell-off in U.S. fut...Reuters
Tue, Aug 12
Lithium Argentina And Ganfeng To Form New Joint Venture To Consolidate The Pozuelos And Pastos Grandes Basins
Aug 12 (Reuters) - Lithium Argentina AG ZV5.F:LITHIUM ARGENTINA AND GANFENG TO FORM NEW JOINT VENTURE TO CONSOLIDATE THE POZUELOS AND PASTOS GRANDES BASINSLITHIUM ARGENTINA AG - GANFENG TO HOLD 67% STAKE IN JOINT VENTURELITHIUM ARGENTINA AG - JOINT VENTURE TARGETS UP TO 150,000 TPA LITHIUM PRODUCTIO...Reuters
Tue, Aug 12
India's Hindalco beats quarterly profit view on strong demand at home and abroad
By Anuran Sadhu and Manvi Pant Aug 12 (Reuters) - Hindalco Industries HALC.NS, one of India's largest aluminium and copper producers, reported a better-than-expected first-quarter profit on Tuesday, on improved performance in its India business and strong demand at its U.S. unit Novelis.The A...Reuters
Tue, Aug 12
Hydrofarm Q2 sales down
OverviewHydrofarm fiscal Q2 net sales fell 28.4%, missing analyst expectations, per LSEG dataGross profit margin declined due to lower sales and restructuring costsCompany initiated restructuring plan, expecting over $3 mln annual savingsOutlookHydrofarm reaffirms improved Adjusted Gross Profit Marg...Reuters
Tue, Aug 12
Oil tanker seized by Iraq freed, sources say
DUBAI, Aug 12 (Reuters) - A Liberian-flagged oil tanker that had been detained by Iraq's navy has been released and is en route to the United Arab Emirates, two sources familiar with the matter said on Tuesday.The vessel, which had been identified by authorities and shipping sources as the Lilia...Reuters
Tue, Aug 12
Gogoro Q2 revenue down 18.7%, net loss widens
OverviewGogoro Q2 revenue falls 18.7% yr/yr amid delayed product launchesBattery swapping service revenue rises 8.5% yr/yr, driven by subscriber growthNet loss widens to $26.5 mln from $20.1 mln last yearOutlookGogoro expects full-year revenue at low-end of $295 mln to $315 mlnCompany anticipates Ta...Reuters
Tue, Aug 12
