News
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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
Gold Price Forecast: XAU/USD reversal from $3,400 found support at $3,340
Gold (XAU/USD) reversal from the $3,400 area has been contained at a strong support area between $3,335 and $3,345, where the pair was contained on August 4 and 5, which is also coincident with the 50% Fibonacci retracement of the early August rally.The pair is trading sideways without a clear bias
Fxstreet
Tue, Aug 12
Switzerland wants binding Trump commitment on gold tariffs, lobby group says
Aug 12 (Reuters) - U.S. President Donald Trump's statement on not putting tariffs on gold has sent an encouraging signal for trade stability but only a formal decision will provide certainty, the head of the Swiss precious metals association ASFCMP said on Tuesday. Trump on Monday said he would ...Reuters
Tue, Aug 12
Comex aluminium premiums beyond August dip on US tariff rollback bets
By Pratima DesaiLONDON, Aug 12 (Reuters) - Prices of aluminium premium contracts on Comex exchange beyond August have fallen due to some speculation that tariffs on U.S. imports of the metal could be halved or that top supplier Canada could get an exemption.Taxes on aluminium are part of a broader U...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 4% 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
Supply concerns on the Copper market ease – Commerzbank
The Copper price fell slightly at the beginning of the week after the world's largest Copper mine producer announced that operations at one of its mines in Chile affected by an earthquake could largely resume, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Tue, Aug 12
Oil prices under pressure ahead of Trump-Putin meeting – Commerzbank
Oil prices last week recorded their sharpest weekly declines since the end of June. At the same time, they fell to their lowest levels in two months. Brent is down 7% compared to the beginning of the month, WTI 7.5%.Fxstreet
Tue, Aug 12
WTI Oil prices consolidate around $63.50 ahead of the Putin-Trump meeting
Crude Oil prices are trading sideways, within a tight range around $63.50 on Tuesday, consolidating gains after having bounced from two-month lows near $62.00 on Monday. Upside attempts, however, remain limited ahead of the meeting between Trump and Putin later on the week.
Fxstreet
Tue, Aug 12
EUROPE GAS-Prices little changed amid low wind and nuclear power
LONDON, Aug 12 (Reuters) - Dutch and British wholesale gas prices were little changed on Tuesday morning as demand for gas for power was boosted by low wind and nuclear output amid a heatwave in much of Europe.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.2 euro at 3...Reuters
Tue, Aug 12
