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PRESS DIGEST -Wall Street Journal - August 7
Aug 7 (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.- Activist investor Starboard Value has a more than 9% stake in Rogers Corp ROG.N and plans to seek another round of changes at the engineering...Reuters
Thu, Aug 7
Standard Chartered inks deal to sell jurisdictional forest credits in Brazil
Deal to support forest conservation in Acre, BrazilProject aims to generate 5 million credits in 2026, worth up to $150 millionLocal communities to receive 72% of net funds from carbon creditsBy Virginia Furness LONDON, Aug 7 (Reuters) - Standard Chartered has agreed to sell millions of carbon cr...Reuters
Thu, Aug 7
China soybean imports hit record July high on strong Brazil exports, US trade uncertainties
By Ella Cao and Lewis Jackson BEIJING, Aug 7 (Reuters) - China's soybean imports rose to the highest ever for the month of July, a Reuters calculation of customs data showed on Thursday, driven by strong Brazilian exports and ongoing China-U.S. trade uncertainties that have raised supply conc...Reuters
Thu, Aug 7
RPT-ANALYSIS-India-US spat over trade and oil threatens wider fallout
Trump’s threats over Russian oil could set back decades of India-U.S. diplomatic progressIndian opposition and public urge Modi to resist what they see as Trump’s bullyingAnalysts say ties are at their lowest since U.S. sanctions after India’s 1998 nuclear testsIndia expected to step up interactions...Reuters
Thu, Aug 7
PRESS DIGEST-British Business - Aug 7
Aug 7 (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 Times- Shareholders in the Spanish owner of TSB SABE.MC have approved the sale of the British lender in a move that raise...Reuters
Thu, Aug 7
METALS-Copper, other base metals rise on Fed rate cut bets, China trade deal hopes
By Brijesh Patel Aug 7 (Reuters) - Copper and other base metals rose on Thursday, supported by growing expectations of a Federal Reserve rate cut and optimism over a potential trade truce between the U.S. and China.Three-month copper on the London Metal Exchange CMCU3 added 0.2% to $9,695 per met...Reuters
Thu, Aug 7
Saudi Arabia raises oil prices to Asia for second month
By Siyi Liu and Sherin Elizabeth Varghese Aug 6 (Reuters) - Saudi Arabia, the world's biggest oil exporter, on Wednesday hiked its September crude oil prices for Asian buyers, the second monthly rise in a row, on tight supply and robust demand. Saudi Arabia raised the official se...Reuters
Thu, Aug 7
Oil prices rise on US demand strength, though sanctions uncertainty remains
Oil prices rise on steady US demandUS crude inventories fall by 3 million barrels, exceeding expectationsInvestors cautious due to potential US-Russia summit and potential tariffs on India, ChinaBy Yuka Obayashi TOKYO, Aug 7 (Reuters) - Oil prices rose on Thursday, pausing a five-day losing strea...Reuters
Thu, Aug 7
GRAINS-Wheat steadies after ample supply pushes prices to 5-year low
CANBERRA, Aug 7 (Reuters) - Chicago wheat futures rose on Thursday after ample supply and the placing of bearish bets by speculators powered a weeks-long sell-off that drove prices to a five-year low on Wednesday.Corn futures also gained after falling to contract lows in the previous session, and so...Reuters
Thu, Aug 7
CORRECTED-Firms in Malaysia to boost tech, LNG purchases from US as part of trade deal
KUALA LUMPUR, Aug 4 (Reuters) - Multinational companies in Malaysia will buy equipment from the U.S. worth $150 billion in the next five years for the country's semiconductor, aerospace and data centre sectors, part of a deal with Washington to cut tariffs, its trade minister said on Monday.The ...Reuters
Thu, Aug 7
WTI rebounds to above $63.50 on Trump’s threat to Russian supplies, bullish inventory
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.75 during the early Asian trading hours on Thursday. The WTI bounces off a five-week low amid bullish US crude oil inventories data and geopolitical tension.
Fxstreet
Thu, Aug 7
Trump administration shifts FEMA staff to ICE during hurricane season
FEMA staff diverted to ICE amid hurricane seasonDHS warns FEMA staff of potential termination if transfer declinedConcerns over FEMA understaffing during hurricane seasonBy Ted Hesson and Nathan Layne WASHINGTON, Aug 6 (Reuters) - The Trump administration is transferring Federal Emergency Managem...Reuters
Wed, Aug 6
CIF/FOB Gulf Grain-Corn, soybean basis bids remain mostly steady
CHICAGO, Aug 6 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals remained mostly steady, traders said on Wednesday as they waited to see how big autumn harvests will be.Traders were focused on the size of the upcoming corn and soy crops, with the U.S. Departm...Reuters
Wed, Aug 6
Texas Pacific Land reports rise in quarterly profit on higher royalties
Aug 6 (Reuters) - Texas Pacific Land TPL.N reported a rise in second-quarter core profit on Wednesday, as higher royalty revenues offset weakness in oil prices.The results come as the energy industry braces for the impact of U.S. President Donald Trump's tariff plans, which have contributed to o...Reuters
Wed, Aug 6
