News
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Trump "Clarifies" Zero Gold Tariff Stance; Prices Suffer Biggest 3-Month Drop
TradingKey - On August 11, Trump posted a clear statement on his social media platform declaring "Gold will not be taxed," ending market concerns over potential gold tariffs and triggering a sharp price decline—the largest single-day drop in nearly three months.
TradingKey
Tue, Aug 12
China launches anti-dumping investigation into Canadian pea starch
BEIJING, Aug 12 (Reuters) - China's commerce ministry on Tuesday launched an anti-dumping investigation into pea starch imported from Canada, according to a ministry statement. The probe will last a year, and could be extended for six months, the statement said.Reuters
Tue, Aug 12
PRECIOUS-Gold edges higher with focus on US inflation data
Trump signs order to extend China tariff deadline for 90 daysUS consumer prices index data due at 1230 GMTSpot gold dropped 1.5% to one-week low on MondayBy Brijesh Patel Aug 12 (Reuters) - Gold prices nudged higher on Tuesday, recovering slightly from a sharp decline in the previous session, as ...Reuters
Tue, Aug 12
TIMELINE-Major developments in Trump's trade war
Aug 12 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office in January have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments: February 1 - Trump imposes 25% tariffs on Mexican and most ...Reuters
Tue, Aug 12
TABLE-North Sea gas maintenance schedule: Adds St.Fergus outage
Aug 12 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Tue, Aug 12
TECHNICALS-CBOT soybeans may test support at $9.95-3/4
For more technical analyses, please click SINGAPORE, Aug 12 (Reuters) - The CBOT soybean November contract SX25 may test support at $9.95-3/4 per bushel, a break below which could open the way towards $9.85-1/2 to $9.90 range.The contract failed twice to break resistance at $10.12. The failures, alo...Reuters
Tue, Aug 12
Peabody's $3.8 billion bid on Anglo American mines looms next week
MELBOURNE, Aug 12 (Reuters) - Peabody Energy BTU.N is set to reveal on August 19 whether it will continue with its $3.78 billion bid for Anglo American's AAL.L Australian coking coal mines, as time ticks down for it to renegotiate a lower price for the deal. The U.S. miner last year agreed to bu...Reuters
Tue, Aug 12
Peninsula Energy Says Regulatory Approval To Commence Feeding Phase 2 Of Central Processing Plant
Aug 12 (Reuters) - Peninsula Energy Ltd PEN.AX:REGULATORY APPROVAL TO COMMENCE FEEDING PHASE 2 OF THE CENTRAL PROCESSING PLANT AT LANCE PROJECTSEES TO SECURE FUNDING TO COMPLETE RESET OF LANCE IN PREPARATION FOR RETURN TO PRODUCTIONReuters
Tue, Aug 12
GRAINS-Soybeans slip on expected bumper US harvest as Trump boost fades
Soybean futures down 1.1%, give up some of Monday's gainsCorn, wheat fall ahead of U.S. supply-demand reportBy Naveen Thukral SINGAPORE, Aug 12 (Reuters) - Chicago soybeans slid on Tuesday, giving up some gains from the previous session, as expectations of a bumper U.S. harvest weighed on...Reuters
Tue, Aug 12
PRESS DIGEST - Wall Street Journal - August 12
Aug 12 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Skydance-owned Paramount PSKY.O will become the exclusive U.S. home of Ultimate Fighting Championship under a seven-year streaming deal valu...Reuters
Tue, Aug 12
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
Explosions at US Steel plant leaves two dead, 10 injured
Two people, including missing employee, confirmed deadCause of the explosion is not knownClairton Coke Works is the largest coke manufacturing facility in the USNippon Steel recently acquired U.S. Steel for $14.9 billionBy Rich McKay and Julia HarteAug 11 (Reuters) - Multiple explosions on Monday at...Reuters
Tue, Aug 12
PRESS DIGEST-British Business - August 12
Aug 11 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The TimesDanish offshore wind farm developer Orsted ORSTED.CO has blamed the Trump administration for its decision to hold a ...Reuters
Tue, Aug 12
TIMELINE-Trump's trade war with China in 2025
By Liz Lee and Shi Bu BEIJING, Aug 12 (Reuters) - U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.T...Reuters
Tue, Aug 12
US Cash Grains-Corn bids steady to up at elevators, river terminals
CHICAGO, Aug 11 (Reuters) - Spot basis bids for corn were steady to up at processors and river terminals in a spot check of locations on Monday, while bids for soybeans were steady to down at river terminals, according to a spot check of locations around the Midwest.U.S. soybean futures rallied to a...Reuters
Tue, Aug 12
PRECIOUS-Gold prices edge higher as spotlight shifts to US inflation data
Aug 12 (Reuters) - Gold prices slightly recovered on Tuesday, after a sharp fall in the previous session, as investors looked forward to U.S. inflation data that could offer further insight into the Federal Reserve's rate-cut trajectory.FUNDAMENTALS* Spot gold XAU= was up 0.3% at $3,355.59 per o...Reuters
Tue, Aug 12
