News
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World Bank's IFC approves Oman polysilicon project loan over US objection
IFC said to provide up to $250 million for Oman projectUnited Solar has links to China via CEO, shareholdersUS objects, Germany, Netherlands, Nordic countries abstain, sources sayBy David Lawder Aug 8 (Reuters) - The World Bank's International Finance Corporation on Friday approved a loan and...Reuters
Sat, Aug 9
Iran threatens planned Trump corridor envisaged by Azerbaijan-Armenia peace deal
Iran threatens Caucasus corridor announced on FridayAnalysts say unclear how Tehran could block itDiplomat says final peace deal faces just one obstacleArmenia must amend its constitution, he says Armenia PM has called for vote on the changeBy Parisa Hafezi and Andrew Osborn DUBAI/MOSCOW, Aug 9 (...Reuters
Sat, Aug 9
Iran will block Trump-brokered corridor in Caucasus, adviser to Iranian leader says
Aug 9 (Reuters) - Ali Akbar Velayati, top adviser to Iran's supreme leader, said on Saturday that "with or without Russia, Iran will block" a corridor planned in the Caucasus under a regional deal sponsored by U.S. President Donald Trump, Iranian media reportedReuters
Sat, Aug 9
Trump-backed peace push leaves Azerbaijan and Armenia one step from final accord, top diplomat says
Just one obstacle to final peace deal, says diplomatArmenia must amend its constitution, he says Armenia PM has called for vote on the changeUS and Armenia discussing corridor, diplomat saysBy Andrew Osborn Aug 9 (Reuters) - A peace push backed by U.S. President Donald Trump leaves Azerbaijan...Reuters
Sat, Aug 9
Turkey welcomes strategic transit corridor after Azerbaijan-Armenia peace deal
ANKARA, Aug 9 (Reuters) - Turkey on Saturday welcomed a peace accord between Azerbaijan and Armenia and said it hoped a planned strategic transit corridor, which could boost exports of energy and other resources through the South Caucasus, would open soon.Azerbaijan and Armenia signed a U.S.-brokere...Reuters
Sat, Aug 9
Turkey welcomes strategic transit corridor after Azerbaijan-Armenia peace deal
ANKARA, Aug 9 (Reuters) - Turkey on Saturday welcomed a peace accord between Azerbaijan and Armenia and said it hoped a planned strategic transit corridor, which could boost exports of energy and other resources through the South Caucasus, will open soon. Azerbaijan and Armenia signed a U.S.-bro...Reuters
Sat, Aug 9
Major French wildfire is unlikely to be under control until late on Sunday
PARIS, Aug 9 (Reuters) - A wildfire in the southern French prefecture of Aude is not expected to be under control until late on Sunday, the regional chief firefighter said on French television.The fire, which began Tuesday, is one of the largest recorded in France since 1949. Spread over 16,000 hect...Reuters
Sat, Aug 9
Trump announces peace agreement between Azerbaijan and Armenia
Agreement includes US rights to South Caucasus transit corridorDeal marks first resolution of frozen conflicts near Russia since Cold WarLifts restrictions on defense cooperation between Azerbaijan and the United StatesBy Andrea Shalal WASHINGTON, Aug 8 (Reuters) - Azerbaijan and Armenia sign...Reuters
Sat, Aug 9
Chile's Codelco gets regulatory approval to reopen part of El Teniente copper mine
By Daina Beth Solomon and Fabian Cambero SANTIAGO, Aug 8 (Reuters) - Copper giant Codelco has received approval from Chile's mining regulator to reopen a part of its flagship El Teniente mine, after more than a week of suspended operations following a deadly collapse that killed six workers, ...Reuters
Sat, Aug 9
Trump weighs reclassifying marijuana as less dangerous drug, WSJ reports
Aug 8 (Reuters) - U.S. President Donald Trump is considering reclassifying marijuana as a less dangerous drug, the Wall Street Journal reported on Friday, citing people familiar with the matter.At a $1 million-a-plate fundraiser at his New Jersey golf club earlier this month, Trump told attendees he...Reuters
Sat, Aug 9
Oil steadies on reports of US-Russia deal, ends week about 5% lower
US, Russia aim to reach a deal to halt the war in Ukraine Latest US tariffs raise concerns over economic activityTrump threatens further sanctions on buyers of Russian oilUS oil rig count rises by one to 411By Arathy Somasekhar HOUSTON, Aug 8 (Reuters) - Oil held steady on Friday as markets await...Reuters
Fri, Aug 8
US Plains HRW Wheat-Basis flat steady as futures sink
CHICAGO, Aug 8 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in a spot check of locations in the southern U.S. Plains on Friday as futures fell. Wheat futures were down on abundant global supplies, but received some support as low prices sparked export interest. GRA/ K.C. Sept...Reuters
Fri, Aug 8
CANADA-CRUDE-Discount on Western Canada Select widens
Aug 8 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 widened on Friday.WCS for September delivery in Hardisty, Alberta, settled at $12.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.9...Reuters
Fri, Aug 8
US Cash Crude-Coastal, offshore grades broadly rise at WTI/Brent spread widens
Aug 8 (Reuters) - Coastal and offshore grades broadly rose on Friday, dealers said, as the spread between U.S. crude futures and Brent widened.U.S. crude futures' discount to Brent widened to as much as minus $3.61, its most since mid-June. A wider spread makes U.S. grades more attractive to for...Reuters
Fri, Aug 8
LIVESTOCK-Cattle futures retreat in a technical selloff
By Heather Schlitz CHICAGO, Aug 8 (Reuters) - Chicago Mercantile Exchange feeder cattle futures hit the limit down and live cattle futures fell on Friday, as traders booked profits after both markets reached contract highs during the previous two sessions. Resilient consumer demand for beef ...Reuters
Fri, Aug 8
Canada joins allies in lowering price cap on Russian oil
TORONTO, Aug 8 (Reuters) - The Canadian government said on Friday it will join some of its closest allies in lowering the price cap for Russian oil over its continued war in Ukraine, the country's finance department said in a statement on Friday.Canada will lower the price cap for seaborne Russi...Reuters
Fri, Aug 8
CIF/FOB Gulf Grain-Corn, soybean basis bids ease; export premiums rise
Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals eased on Friday, as export premiums turned sharply higher amid a spate of volatility in that market, traders said.Demand fundamentals in the spot river barge market have been somewhat bearish for export premiums, amid ong...Reuters
Fri, Aug 8
Canada, allies to lower price cap for Russian oil to $47.60 per barrel
TORONTO, Aug 8 (Reuters) - The Canadian government and some of its closest allies intend to lower the price cap for Russian oil over its continued war in Ukraine, the country's finance department said in a statement on Friday.Canada, the European Union and the United Kingdom will lower the price...Reuters
Fri, Aug 8
Trump says lifting restrictions on defense cooperation between Azerbaijan and US
WASHINGTON, Aug 8 (Reuters) - U.S. President Donald Trump on Friday said existing restrictions on defense cooperation between the United States and Azerbaijan were being lifted, calling the move "a big deal."Trump made the announcement during a meeting at the White House with Azerbaijani Pre...Reuters
Fri, Aug 8
White House to clarify tariffs for gold bars as industry stops flying bullion to US
US ruling implies 1 kg gold bars fall under broad import tariffsRuling is issued by U.S. Customs and Border Protection serviceSwiss refinery, some non-Swiss industry players stop US deliveriesGold market hopes to see the ruling reversed by the White HouseBy Polina Devitt LONDON, Aug 8 (Reuters) -...Reuters
Fri, Aug 8
