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REFILE-Trump is using tariffs as foreign policy instrument, Bessent says
Aug 7 (Reuters) - U.S. President Donald Trump is using tariffs as a foreign policy tool by imposing secondary duties on Indian goods because of India's purchase of Russian oil, Treasury Secretary Scott Bessent said in an interview with Fox News on Thursday."President Trump is using tariffs a...Reuters
Thu, Aug 7
US Plains HRW Wheat-Basis flat to up and futures rise
CHICAGO, Aug 7 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in a spot check of locations in the southern U.S. Plains on Thursday as futures climbed. Wheat futures were up after abundant global supplies of wheat from recent Northern Hemisphere harvests prompted a sell-off earl...Reuters
Thu, Aug 7
Nutrien expects more fertilizer use by farmers despite low crop prices
Nutrien boosts potash sales estimate after record first-half salesFarmers increase fertilizer use due to excellent crop conditionsHigh phosphate prices may defer some demand, exec saysBy Ed White WINNIPEG, Manitoba, Aug 7 (Reuters) - Nutrien NTR.TO, the world's top potash producer, expects in...Reuters
Thu, Aug 7
Miner B2Gold's Q2 revenue misses estimates
OverviewB2Gold Q2 2025 revenue misses analyst expectations, per LSEG dataGold production in Q2 exceeds company expectations at 229,454 ouncesAdjusted net income misses estimates, per LSEG dataOutlookB2Gold expects Goose Mine production of 120,000 to 150,000 ounces in 2025Company forecasts Fekola Com...Reuters
Thu, Aug 7
Pemex plan disappoints suppliers awaiting billions in overdue payments
AMESPAC seeks formal group to clarify 2025 investment vehicleEspino highlights lack of 2024 debt payment plan in Pemex meetingSuppliers owed 65 billion pesos for un-invoiced work, Espino saysBy Ana Isabel Martinez and Adriana BarreraMEXICO CITY, Aug 7 (Reuters) - The head of an association represent...Reuters
Thu, Aug 7
US Cash Crude-Coastal grades rise, inland crude slips
Aug 7 (Reuters) - Grades were mixed on Thursday, dealers said, with coastal grades Light Louisiana Sweet and Mars Sour rising while inland grade West Texas Sour slipped. WTI Midland WTC-WTM was steady at a midpoint of a 40-cent premium to U.S. crude futures. Lending support, U.S. crude oil stockpile...Reuters
Thu, Aug 7
CANADA-CRUDE-Discount on Western Canada Select widens
Aug 7 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 widened on Thursday.WCS for September delivery in Hardisty, Alberta, settled at $11.95 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11...Reuters
Thu, Aug 7
US loan disbursements to recommission Michigan nuclear plant top $83 million
WASHINGTON, Aug 7 (Reuters) - The Trump administration on Thursday said it issued a fifth installment of a loan guarantee for Holtec International's Michigan nuclear plant, which the company hopes will be the first U.S. reactor to restart after shuttering. The Department of Energy said it has n...Reuters
Thu, Aug 7
Trump administration will end $7 billion solar energy grant program
Aug 7 (Reuters) - The U.S. Environmental Protection Agency will end a $7 billion Biden-era grant program to expand solar energy to low-income communities, Administrator Lee Zeldin said in a post on X on Thursday."EPA no longer has the authority to administer the program or the appropriated funds...Reuters
Thu, Aug 7
Cannabis marketplace firm WM Technology Q2 revenue misses estimates
OverviewWM Technology Q2 rev declines yr/yr and misses analyst expectations, per LSEG dataNet income for Q2 rises 81% yr/yrCo's cash increased to $59 mlnOutlookWM Technology estimates Q3 2025 revenue at $41 mln - $43 mlnCompany expects Q3 2025 Adjusted EBITDA of $5 mln - $7 mlnResult DriversREVE...Reuters
Thu, Aug 7
Helicopter crash kills two people, shuts Mississippi River, Coast Guard says
By Tom PolansekCHICAGO, Aug 7 (Reuters) - Two people died on Thursday after a helicopter they were on board crashed into a barge on the Mississippi River, shutting the waterway to traffic near Alton, Illinois, the U.S. Coast Guard said. Preliminary information indicated the MD 369 helicopter hit pow...Reuters
Thu, Aug 7
Seneca Foods Q1 net sales dip to $297.5 mln
OverviewSeneca Foods fiscal Q1 net sales fall to $297.5 mln, down from $304.7 mlnAdjusted net earnings decline due to large LIFO credit impactCompany expects to recoup sales disruptions from key co-pack customerOutlookSeneca Foods expects to recoup sales volumes from key co-pack customerCompany opti...Reuters
Thu, Aug 7
Wheaton Precious Metals' Q2 revenue jumps 68% as Blackwater mine starts commercial production
OverviewWheaton Q2 2025 revenue hits record $503 mln, up 68% yr/yrAdjusted net earnings reach record $286 mln, reflecting strong performanceCo highlights commercial production at Blackwater and first gold pour at GooseOutlookWheaton expects 2025 annual production to increase 40% to 870,000 gold equi...Reuters
Thu, Aug 7
EOG Resources raises annual production forecast on Encino deal as profit beats
Aug 7 (Reuters) - EOG Resources EOG.N on Thursday beat second-quarter profit estimates and raised its annual production forecast as the U.S. energy producer closed its $5.6 billion Encino deal.The company projected 2025 total production to average 1.224 million barrels of oil equivalent per day (boe...Reuters
Thu, Aug 7
Inuvo reports smaller-than-expected net loss in Q2
OverviewInuvo Q2 2025 revenue rises 25% yr/yr but missed analyst expectationsAdjusted loss per share for Q2 meets analyst expectations, net loss beats estimatesCompany reports lower gross margin due to change in product mixResult DriversPLATFORM CLIENTS - Revenue growth attributed to increased sales...Reuters
Thu, Aug 7
Identiv Q2 revenue falls 25%
OverviewIdentiv fiscal Q2 revenue falls to $5.0 mln, down from $6.7 mln yr/yrAdjusted EBITDA loss widens to $4.6 mln due to Thailand transition costsOutlookIdentiv expects Q3 2025 revenue between $4.8 mln and $5.2 mlnResult DriversREVENUE DECLINE - Co attributes revenue drop to exiting lower-margin ...Reuters
Thu, Aug 7
Century Aluminum to restart production at South Carolina smelter
Aug 7 (Reuters) - Century Aluminum CENX.O on Thursday announced plans to restart idled production at its Mt. Holly smelter in South Carolina. The company said it will invest about $50 million in the effort, create over 100 new jobs and boost U.S. aluminum production by about 10%.Century Aluminum, an...Reuters
Thu, Aug 7
US loan disbursements to recommission Michigan nuclear plant top $83 million
WASHINGTON, Aug 7 (Reuters) - The Trump administration on Thursday said it issued a fifth installment of a loan guarantee for Holtec International's Michigan nuclear plant, which the company hopes will be the first U.S. reactor to restart after shuttering. The Department of Energy said it has n...Reuters
Thu, Aug 7
LIVESTOCK-Cattle futures hit contract highs on strong cash trade
By Heather Schlitz CHICAGO, Aug 7 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures hit contract highs for the second day in a row on Thursday as strong cash cattle prices and resilient consumer demand continued to fuel a rally, analysts said. As cash prices have continued to...Reuters
Thu, Aug 7
