News
Important Only
METALS-Copper edges higher on US rate cut hopes and Chinese demand
By Eric Onstad LONDON, Aug 8 (Reuters) - Copper prices crept higher for a third consecutive session on Friday, bolstered by hopes of U.S. interest rate cuts after a central bank appointment and upbeat economic data in China.Benchmark three-month LME copper CMCU3 on the London Metal Exchange had g...Reuters
Fri, Aug 8
Brazil silo maker Kepler posts weak results, eyes growth in Argentina
By Roberto SamoraSAO PAULO, Aug 8 (Reuters) - Silo maker Kepler Weber KEPL3.SA posted a fall in quarterly results on Friday due to a weaker operating scenario in its home country Brazil, but executives said the company was positive about growing sales in Argentina.While high interest rates and low ...Reuters
Fri, Aug 8
GRAINS-Chicago corn, wheat choppy amid demand uptick, ample supply
Chicago futures helped as low prices spark demandAmple supply continues to weigh on marketBy Heather Schlitz CHICAGO, Aug 8 (Reuters) - Chicago wheat, corn and soybean futures chopped up and down on Friday as traders weighed a bounce in demand fuelled by low prices against expectations of ample s...Reuters
Fri, Aug 8
Euronext wheat consolidates as focus shifts to USDA data
PARIS, Aug 8 (Reuters) - Euronext wheat was little changed on Friday as participants turned their attention to U.S. government crop forecasts early next week while continuing to cover short positions in front-month futures.September wheat BL2U5 on Euronext was up 0.4% at 198.25 euros ($231.24) a met...Reuters
Fri, Aug 8
SOFTS-Coffee gains amid low stocks and as tariffs freeze US-Brazil trade
LONDON, Aug 8 (Reuters) - Coffee futures on ICE rose on Friday, heading for gains of 8% on the week, as U.S.-Brazil trade remains frozen due to the Trump administration's tariffs, and as stocks continue to slide. Cocoa and sugar also rose. COFFEE* Arabica coffee futures KCc1 ...Reuters
Fri, Aug 8
Competing bid received in US auction of shares in Citgo's parent
Aug 8 (Reuters) - A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing.A $7.4 billion bid by a group led by a subsidi...Reuters
Fri, Aug 8
Iraq detains oil tanker as part of smuggling crackdown, officials say
By Mohammed Atti OFF IRAQ'S COAST, Aug 8 (Reuters) - Iraq's navy has detained a Liberian-flagged oil tanker in its territorial waters as part of a crackdown on fuel smuggling at sea, sources with the navy and oil and transport ministries said on Friday.Smuggling is common in Gulf waters, ...Reuters
Fri, Aug 8
CORRECTED-Ontario seeks proposals for feasibility study on cross-Canada energy corridor
Aug 7 (Reuters) - The Ontario government on Thursday issued a request for proposals for a feasibility study to explore the best way to establish a new economic and energy corridor in the province.The proposed corridor includes new Alberta-to-Ontario pipelines, which would transport Western Canadian ...Reuters
Fri, Aug 8
US natural gas futures steady as near-record output offsets high LNG exports
Near-record gas output allows increased storage despite high summer demandLNG export feedgas on track for record in AugustMarch-April futures 'widow maker' spread hits record low amid stable supplyBy Scott DiSavinoAug 8 (Reuters) - U.S. natural gas futures were little changed on Friday as ne...Reuters
Fri, Aug 8
Mississippi River reopens north of St. Louis after fatal helicopter crash
By Tom Polansek CHICAGO, Aug 8 (Reuters) - The Mississippi River has reopened to vessel traffic north of St. Louis after closing because a helicopter crashed into a barge on Thursday, killing two people, the U.S. Coast Guard said on Friday.The interior U.S. river, a major shipping waterway for cr...Reuters
Fri, Aug 8
Swiss Gold Association: US tariffs may negatively impact international flow of physical gold
In response to the United States (US) Customs and Border Protection Services' classification of gold kilo bullion bar and 100 ounce bullion bar imports under a new customs code to make them eligible for tariffs, the Swiss Gold Association noted that the imposition of tariffs on these gold cast produ
Fxstreet
Fri, Aug 8
Swiss precious metals association concerned about US tariff on gold bars
ZURICH, Aug 8 (Reuters) - The Swiss precious metals association on Friday said it was concerned about the increase on tariffs on gold exports to the United States to 39%."We are particularly concerned about the implications of the tariffs for the gold industry and the physical exchange of gold w...Reuters
Fri, Aug 8
OPEC oil output rises in July led by UAE and Saudi, survey finds
By Alex Lawler LONDON, Aug 8 (Reuters) - OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike was limited by Iraq making additional cuts and by drone attacks on Kurdish oilfields.The Organization of the Petrol...Reuters
Fri, Aug 8
GLOBAL LNG-Asian spot LNG prices down on weak demand; eyes on sanctions
By Marwa Rashad LONDON, Aug 8 (Reuters) - Asian spot liquefied natural gas (LNG) prices declined this week due to weak demand and as markets awaited further clarity on U.S. Russian energy sanctions or secondary tariffs.The average LNG price for September delivery into north-east Asia LNG-AS was a...Reuters
Fri, Aug 8
Centrus Energy names Todd Tinelli as CFO
Aug 8 (Reuters) - U.S.-based nuclear fuel supplier Centrus Energy LEU.A said on Friday it has appointed Todd Tinelli as its chief financial officer, effective August 11.Tinelli will succeed Kevin Harrill, who is resigning to pursue other opportunities after a four-year tenure as CFO and earlier as c...Reuters
Fri, Aug 8
CBOT Trends-Wheat mixed, corn steady-down 1 cent, soybeans steady-down 4 cents
CHICAGO, Aug 8 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Friday: WHEAT - Down 1 to up 1 cent per bushelWheat futures were choppy after a decline in prices triggered some demand for U.S. exports.Northern Hemisphere wheat harvests have b...Reuters
Fri, Aug 8
