News
Important Only
Bayer CEO: we will have to stop producing glyphosate if nothing changes
Aug 6 (Reuters) - Bayer BAYGn.DE on Wednesday said it would be forced to stop its U.S. production of widely-used farming weedkiller glyphosate unless regulatory or legal changes are made to stave of litigation that has been weighing on the German company."Unless something changes, we are going t...Reuters
Wed, Aug 6
EUROPE GAS-Prices rangebound on stable supply and demand
LONDON, Aug 6 (Reuters) - Dutch and British wholesale gas prices fell slightly early on Wednesday but were still trading in a narrow range as supply from Norway edged higher and demand was stable.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.33 euro at 34.00 euros pe...Reuters
Wed, Aug 6
Israel's ICL second-quarter profit dips, sales rise
JERUSALEM, Aug 6 (Reuters) - Israeli potash and specialty chemicals producer ICL Group ICL.TA on Wednesday reported a dip in second-quarter profit, weighed down partly by Israel's war with Iran in June.ICL said it earned an adjusted 9 cents per diluted share in the second quarter, versus 10 cent...Reuters
Wed, Aug 6
Silver Price Forecast: XAG/USD trades firmly near $38, awaiting new FOMC member
Silver price (XAG/USD) holds onto gains around $38.00 during the European trading session on Wednesday. The white metal trades firmly, while investors await the entry of new member into the Federal Open Market Committee (FOMC) this week.
Fxstreet
Wed, Aug 6
TABLE-UAE's Fujairah oil inventory data for week ended August 4
Aug 6 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended August 4, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from ...Reuters
Wed, Aug 6
Monsoon peaks in south China, unleashing landslides, disease
Guangzhou lashed by 2nd-heaviest rainfall this centuryRains across southern Guangdong boost disease risksAt least 16 of its rivers near dangerous levelsLandslide hit 'Taobao Village', trapping 14By Joe Cash and Ryan Woo BEIJING, Aug 6 (Reuters) - Rescue crews raced on Wednesday to clear d...Reuters
Wed, Aug 6
METALS-London copper firms on Chile supply concerns, rising stocks cap gains
By Brijesh Patel Aug 6 (Reuters) - London copper prices edged higher on Wednesday after an accident at the top producer Codelco's COBRE.UL Chilean mine raised concerns over supply, though rising inventories on the London Metal Exchange capped gains. Three-month copper on the London Metal E...Reuters
Wed, Aug 6
Inpex awards more contracts in engineering design for Indonesia's Abadi LNG project
TOKYO, Aug 6 (Reuters) - Japanese oil and gas explorer Inpex Corp 1605.T said on Wednesday it has awarded additional contracts for early-stage design work on its $20 billion Abadi liquefied natural gas project in Indonesia's Masela block.In April, the firm launched a front-end engineering design...Reuters
Wed, Aug 6
Glencore's interim profit slips 14% on weaker coal prices, lower copper output
Aug 6 (Reuters) - Global miner and trader Glencore GLEN.L reported a 14% drop in first-half adjusted core profit on Wednesday, weighed down by weaker coal prices, lower copper production, and operational challenges at some of its mines. The company, which had considered shifting its primary listing ...Reuters
Wed, Aug 6
PRECIOUS-Gold inches lower as dollar gains, markets await Fed appointments
Trump set to fill Fed board vacancy by week's endTraders see 88% chance of Fed rate cut in SeptemberPerth Mint's July gold sales slump 33% By Anushree Mukherjee and Brijesh Patel Aug 6 (Reuters) - Gold prices edged lower on Wednesday due to a slightly firmer dollar, while investors held b...Reuters
Wed, Aug 6
Glencore will keep its shares listed in London
LONDON, Aug 6 (Reuters) - Glencore GLEN.L said on Wednesday it will keep its primary listing in London because a move to the United States would not be value accretive for shareholders at this time.The London-listed miner GLEN.L said in February it was considering moving its primary listing from Lon...Reuters
Wed, Aug 6
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $64.87 per barrel, up from Tuesday’s close at $64.59.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $67.49 price posted on Tuesday, and trading at $67.82.
Fxstreet
Wed, Aug 6
Hit by US tariffs, Indonesia plans to sell shrimp to China instead
U.S. 19% tariff could see Indonesian shrimp exports drop 30% this year - farmers' associationLivelihoods of 1 mln workers at risk from tariff - farmers' association Indonesian farmers eyeing China, world's biggest shrimp importer by volumeIndonesian shrimp industry delegations visiting C...Reuters
Wed, Aug 6
Siemens Energy targets upper end of 2025 outlook on strong US demand
FRANKFURT, Aug 6 (Reuters) - Siemens Energy expects to hit the upper end of its 2025 outlook, it said on Wednesday, driven by its wind turbine division and strong demand in the United States for its power equipment that helped it to shrug off the impact of import tariffs.The company, which reported ...Reuters
Wed, Aug 6
Gold price trades with negative bias below two-week top; bullish potential seems intact
Gold price (XAU/USD) edges lower during the Asian session on Wednesday and, for now, seems to have snapped a four-day winning streak to a nearly two-week peak, around the $3,390 area touched the previous day.Fxstreet
Wed, Aug 6
India's IOC buys Nigerian crude for September delivery, sources say
SINGAPORE, Aug 6 (Reuters) - Indian Oil Corp (IOC) IOC.NS, India's top refiner, has bought one million barrels of Nigeria's Agbami crude oil for September delivery, trade sources said on Wednesday.The tender, conducted via ICE chat, was awarded to Trafigura, they added.The price was not imme...Reuters
Wed, Aug 6
GRAINS-Wheat holds just above five-year lows amid speculator selling
CANBERRA, Aug 6 (Reuters) - Chicago wheat futures steadied just above five-year lows on Wednesday, after plunging around 7% in the last two weeks as seasonal supply pressure from Northern Hemisphere harvests and falling corn prices triggered selling by speculators. Corn inched lower and soybean fut...Reuters
Wed, Aug 6
South Korea says timing of U.S. tariff cut on autos not decided
South Korea seeks further talks on U.S. car tariff cutsNo agreement on agriculture market opening, focus on quarantine cooperationTalks on online platform legislation to ensure fair treatment for U.S. tech firms SEOUL, Aug 6 (Reuters) - South Korea's Industry Minister Kim Jung-kwan said on We...Reuters
Wed, Aug 6
