News
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GM - Expects $6 Billion Charges In The Three Months Ended December 31, 2025
Jan 8 (Reuters) - General Motors Co GM.N:GM - EXPECTS $6.0 BILLION CHARGES IN THE THREE MONTHS ENDED DECEMBER 31, 2025GM - EXPECT TO RECORD ADDITIONAL NON-EV RELATED CHARGES OF APPROXIMATELY $1.1 BILLION FOR THE THREE MONTHS ENDED DECEMBER 31, 2025GM: PROPOSED REGULATORY CHANGES TO THE GREENHOUSE GA...Reuters
Thu, Jan 8
Panama says it canceled flag of US-seized oil tanker a year ago
PANAMA CITY, Jan 8 (Reuters) - Panama's maritime authority on Thursday said it had in January of last year canceled the flag of the M Sophia, a Venezuela-linked oil tanker seized by the U.S. military on Wednesday.The supertanker's flag was canceled on January 23, 2025, the authority said.Reuters
Thu, Jan 8
CBOT soybeans dip, traders adjust positions ahead of US crop reports
CHICAGO, Jan 8 (Reuters) - Chicago Board of Trade soybean futures closed lower on Thursday as traders adjusted positions before the release of highly anticipated U.S. crop data next week, analysts said. Analysts on average expect the U.S. Department of Agriculture will slightly lower its estimates f...Reuters
Thu, Jan 8
CBOT corn ends nearly unchanged as traders await USDA crop data
Jan 8 (Reuters) - Chicago Board of Trade corn futures finished nearly unchanged on Thursday while traders waited for the U.S. Department of Agriculture to issue key data on U.S. grain harvests and stocks next week.Analysts on average expect the USDA on Monday will trim its estimates for U.S. corn pr...Reuters
Thu, Jan 8
Oil settles up 3% on Venezuela news, supply worries in Russia, Iraq and Iran
American and European oil companies prepare to visit VenezuelaUS seizes Venezuela-linked oil tankers amid sanctions escalationRussia-bound tanker attacked in Black Sea, no injuries reportedIraq nationalizes West Qurna 2 oilfield amid US sanctions on LukoilBy Scott DiSavino NEW YORK, Jan 8 (Reuter...Reuters
Thu, Jan 8
Chevron competes with rivals for Venezuelan oil sales, sources say
By Marianna Parraga and Shariq Khan NEW YORK, Jan 8 (Reuters) - U.S. oil major Chevron CVX.N, global trading house Vitol and other oil traders, producers and refiners are competing to win deals for exports of Venezuelan crude as part of their talks with U.S. officials for licenses to do business ...Reuters
Thu, Jan 8
US natural gas futures dip 3% on forecasts for mild weather and low heating demand
Mild weather keeps heating demand lower than usualWaha Hub prices fall into negative territory due to pipeline constraintsEIA says weekly storage draw bigger than usual for this time of yearUS LNG exports on track to hit monthly record high in JanuaryBy Scott DiSavino NEW YORK, Jan 8 (Reuters) - ...Reuters
Thu, Jan 8
CBOT wheat backpedals as rains ease concerns over dry US weather
CHICAGO, Jan 8 (Reuters) - Chicago Board of Trade wheat futures ended flat on Thursday as rains eased worries about dry weather in growing areas of the U.S. Plains, traders said. Prices had neared a two-week high in earlier activity on concerns over unfavorable dryness and unusually warm temperatu...Reuters
Thu, Jan 8
Macron says France will vote against Mercosur after farmers protest in Paris
Farmers protest against Mercosur deal, fearing cheap importsThey also protested against local regulations, cattle cullsProtests add pressure on President Macron EU vote on Mercosur deal expected on FridayFrance to vote against Mercosur deal, Macron saysBy Sybille de La Hamaide PARIS, Jan 8 (Reute...Reuters
Thu, Jan 8
Gold stalls near $4,455 on rising yields, US Dollar recovery
Gold price hovers around its opening price on Thursday after hitting a daily low of $4,407 as US Treasury yields rise and the Greenback follows suit. Economic data in the US has improved the outlook of the labor market ahead of the release of the crucial December Nonfarm Payrolls report.
Fxstreet
Thu, Jan 8
Embassies in Venezuela plan visits for American, European oil firms, sources say
Embassies arranging visits for oil company representativesExecutives, experts to assess Venezuelan infrastructure, negotiate oil suppliesAssessing condition of power infrastructure seen as priorityBy Marianna Parraga HOUSTON, Jan 8 (Reuters) - Foreign embassies in Venezuela are beginning to arran...Reuters
Thu, Jan 8
PRECIOUS-Gold steady as markets eye US jobs data, index adjustments weigh
Bloomberg Commodity Index rebalancing starts this weekUS weekly jobless claims increase marginallyUS nonfarm payrolls data due on FridayHSBC sees gold at $5,000/oz in first half of 2026By Anmol Choubey Jan 8 (Reuters) - Gold held steady on Thursday as investors awaited U.S. nonfarm payrolls data ...Reuters
Thu, Jan 8
Somalia, US relations hit new low as Washington pauses aid to government
US pauses aid to Somalia, says food was stolenSomalia says food aid still with World Food ProgrammeWFP working with authorities to address the issue By Daphne PsaledakisWASHINGTON, Jan 8 (Reuters) - Relations between Somalia and the U.S. hit a new low after Washington said it would pause further ass...Reuters
Thu, Jan 8
Brazil 2025 eggs exports soar on strong US demand
By Ana Mano SAO PAULO, Jan 8 (Reuters) - Brazilian egg exports, including fresh and processed, hit a record 40,894 metric tons in 2025 on strong U.S. demand, according to data compiled by the Brazilian Association of Animal Protein (ABPA) on Thursday. The figure represents a 121.4% rise from 2024...Reuters
Thu, Jan 8
US Plains HRW Wheat-Basis flat; market players eye crop conditions
CHICAGO, Jan 8 (Reuters) - Basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Thursday as futures chopped up and down, with market players focused on declining crop conditions in the U.S. winter wheat belt. The U.S. Department of Agriculture rated 60% of the Kansas wint...Reuters
Thu, Jan 8
EXCLUSIVE-Trump, Congress move to undo Biden-era ban on mining in northern Minnesota
By Ernest Scheyder Jan 8 (Reuters) - The Trump administration and U.S. Congress are launching a plan this week to overturn former President Joe Biden's mining ban in northern Minnesota and prevent future administrations from taking similar steps, according to officials and documents reviewed ...Reuters
Thu, Jan 8
US states urge Congress to delay food aid cost provisions in Trump's tax bill
States face increased SNAP costs under Trump's tax and spending billGovernors urge Congress to delay SNAP cost-share provisionsShutdown and new provisions expose states to fiscal risks, letter warnsBy Leah Douglas WASHINGTON, Jan 8 (Reuters) - State and local U.S. governments on Thursday urge...Reuters
Thu, Jan 8
EXCLUSIVE-The Trump Administration killed a draft proposal to halve alcohol limits, sources say
Alcohol advice was updated in the 2025-2030 Dietary Guidelines for AmericansHealth officials wanted to halve recommended drinking limits for men to one drink per dayTrump Administration instead removed serving guidance altogetherReversal followed firings, multi-year industry lobbying campaignBy Emma...Reuters
Thu, Jan 8
Foreign embassies in Venezuela begin arranging visits next week for American, European oil companies, sources say
HOUSTON, Jan 8 (Reuters) - Foreign embassies in Venezuela are beginning to arrange visits scheduled for next week that will include representatives for American and European oil companies, two sources told Reuters.The business meetings will be held to conduct assessments of infrastructure in Venezue...Reuters
Thu, Jan 8
Mexico's active screwworm cases down 57% since mid-December, ministry says
MEXICO CITY, Jan 8 (Reuters) - Mexico's active cases of New World screwworm, a flesh-eating parasite that has kept the U.S.-Mexico border closed to Mexican livestock, have fallen 57% since mid-December, the country's agriculture ministry said on Thursday. Active cases dropped to 492 a...Reuters
Thu, Jan 8
