News
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Gold price flat lines above one-month low as traders seem reluctant ahead of US NFP report
Gold price (XAU/USD) trades with a negative bias below the $3,300 mark during the Asian session on Friday and remains well within striking distance of a one-month low touched earlier this week.
Fxstreet
Fri, Aug 1
Marubeni CFO Major Fluctuations In U.S. Copper Prices Had No Impact On Our Copper Business
Aug 1 (Reuters) - Marubeni Corp 8002.T:MARUBENI CFO: MAJOR FLUCTUATIONS IN U.S. COPPER PRICES HAD NO IMPACT ON OUR COPPER BUSINESSMARUBENI CFO: LOSS FROM THE WITHDRAWAL FROM AN AUSTRALIAN HYDROGEN PROJECT WAS MINIMAL SINCE IT WAS AT THE DEVELOPMENT STAGEMARUBENI CFO: PLAN TO CONTINUE DEVELOPING HYDR...Reuters
Fri, Aug 1
METALS-Copper prices mixed as US tariff exemption sparks market adjustment
By Lucas Liew Aug 1 (Reuters) - Copper prices were mixed on Friday as markets adjusted to a U.S. decision to exempt refined copper from a proposed 50% tariff.Three-month copper on the London Metal Exchange CMCU3 edged up 0.16% to $9,626.5 per metric ton by 0217 GMT, but was poised to end the wee...Reuters
Fri, Aug 1
ASIA COFFEE-Vietnam domestic prices edge higher on supply concerns; Indonesian premium narrows
By Khanh Vu and Mas Alina ArifinHANOI, Aug 1 (Reuters) - Domestic coffee prices in Vietnam rose slightly on Friday on supply concerns, as global prices recovered from last week's 16-month low.Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans COFVN-DAK at 9...Reuters
Fri, Aug 1
Oil steadies as concerns about tariff impacts vie with Russian supply threats
Aug 1 (Reuters) - Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic activity and lower global fuel demand growth.Brent crude futures LCOc1 rose 4 cents, or 0.06%, to $71.74 a...Reuters
Fri, Aug 1
Gold Price Forecast: XAU/USD holds losses below $3,300 as Trump sets baseline tariff rate of 10%
The Gold price (XAU/USD) trades in negative territory near $3,285 during the early Asian trading hours on Friday. The precious metal loses ground amid the rebound in the US Dollar (USD) after US President Donald Trump announces fresh tariff deals with trade partners.Fxstreet
Fri, Aug 1
RPT-EXCLUSIVE-Indian state refiners pause Russian oil purchases, sources say
Refiners have not sought Russian crude for about a week-sourcesIndia bought more Russian oil after Russia's Ukraine invasionTrump has warned countries not to buy Russian oilBy Nidhi Verma NEW DELHI, July 30 (Reuters) - Indian state refiners have stopped buying Russian oil in the past week as ...Reuters
Fri, Aug 1
IAM Says Union Members At Boeing In St. Louis Area Will Vote On Modified Offer From Company On Aug. 3 Beginning 10 A.M. CT
July 31 (Reuters) - IAM: UNION DISTRICT 837 MEMBERS AT BOEING DEFENSE IN ST. LOUIS TO VOTE ON MODIFIED CONTRACT OFFERIAM ON BOEING DEFENSE IN ST. LOUIS: A STRIKE WOULD BEGIN AT MIDNIGHT ON MONDAY, AUG. 4 IF THE MODIFIED OFFER IS REJECTED.IAM: IAM UNION DISTRICT 837 MEMBERS AT BOEING IN ST. LOUIS ARE...Reuters
Fri, Aug 1
Miner Vale's Q2 net profit falls 24% but outdoes analyst forecasts
SAO PAULO, July 31 (Reuters) - Brazilian miner Vale VALE3.SA reported on Thursday a 24% decline in its second-quarter net profit from a year earlier to $2.12 billion, while still outperforming analyst expectations. Analysts polled by LSEG had expected Vale, one of the world's biggest iron ore pr...Reuters
Thu, Jul 31
South Korea Foreign Minister seeks AI, nuclear power cooperation in Rubio meeting, ministry says
SEOUL, Aug 1 (Reuters) - South Korea's Foreign Minister Cho Hyun asked U.S. Secretary of State Marco Rubio to develop cooperation between the two nations in artificial intelligence, nuclear power and quantum tech, South Korea's foreign ministry said on Friday. Cho met Rubio in Washington for...Reuters
Thu, Jul 31
US to implement new rules of origin terms in coming weeks, official says
WASHINGTON, July 31 (Reuters) - The U.S. will implement new rules of origin to determine tariff rates on trans-shipped goods in the coming weeks, a senior Trump administration official said.The technicalities of the rules are being worked out, the official said.Reuters
Thu, Jul 31
Moody's lowers SQM rating outlook due to lithium uncertainty
By Brendan O'Boyle SANTIAGO, July 31 (Reuters) - Moody's Ratings affirmed the credit rating of Chilean lithium miner SQM but lowered its outlook to negative from stable due to uncertainty around lithium revenue, the agency said on Thursday. Moody's also noted that SQM's significan...Reuters
Thu, Jul 31
Britain says EU is removing tariffs on steel under quota
LONDON, Aug 1 (Reuters) - Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and a recent deal to ease trade barriers.In May, Britain agreed the most significant reset of defence and trade ties with the European Union...Reuters
Thu, Jul 31
Heavy downpours, flash flooding disrupt travel along U.S. Eastern Seaboard
State of emergencies declared in New York, New JerseyAt least 1,170 flights canceled at eight major airportsAmtrak rail service halted between Philadelphia and DelawareBy Joseph Ax and Steve GormanNEW YORK, July 31 (Reuters) - New York Governor Kathy Hochul and her acting New Jersey counterpart decl...Reuters
Thu, Jul 31
LIVESTOCK-US cattle futures retreat from record highs
By Tom Polansek CHICAGO, July 31 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures plunged on Thursday in a setback from record highs.Fund selling and profit taking dragged down prices that have surged this year as U.S. cattle supplies dwindled to their lowest levels i...Reuters
Thu, Jul 31
CIF/FOB Gulf Grain-Corn barge basis firm on strong export demand, soy bids flat to lower
CHICAGO, July 31 (Reuters) - Basis bids for corn shipped by barge to U.S. Gulf Coast terminals firmed on Thursday on good export demand after increased farmer selling of old-crop supplies had pressured values earlier in the week, traders said.CIF soybean basis bids were flat to lower on slow demand....Reuters
Thu, Jul 31
Freeport hopeful for policies that boost US mining after Trump's copper tariff plan
July 31 (Reuters) - Freeport-McMoRan FCX.N on Wednesday said it was "hopeful" the U.S. government would enact policies that recognize the importance of domestic mining, in what was the company's first reaction to President Donald Trump's unexpectedly scaled-back copper tariff plan.&#...Reuters
Thu, Jul 31
Moody's lowers rating outlook for Chile's SQM due to lithium uncertainty
SANTIAGO, July 31 (Reuters) - Moody's Ratings affirmed the credit rating of Chilean lithium miner SQM but lowered its outlook to negative from stable due to uncertainty around lithium revenue, the agency said on Thursday. Moody's also noted that SQM's significant capital expenditure and ...Reuters
Thu, Jul 31
REFILE-Texas mayor calls for flash flood warning system to lessen future fatal disasters
By Brad BrooksJuly 31 (Reuters) - The mayor of a Texas city at the center of flash flooding that killed over 130 people earlier this month asked state lawmakers on Thursday to help get a warning system in place within a year. Kerrville Mayor Joe Herring told a joint Senate-House committee that met i...Reuters
Thu, Jul 31
