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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
EXCLUSIVE-Pakistan to get first US oil shipment as Cnergyico seals import deal
Pakistan's first US crude purchase announced after landmark trade dealDeal diversifies crude sourcing, reduces reliance on Middle Eastern suppliersCnergyico plans refinery upgrades, expects demand growthCnergyico may import at least one US crude cargo per month if viableBy Ariba Shahid and Sudar...Reuters
Thu, Jul 31
Phillips 66 hit with $800 million penalty in biofuel trade secrets case
Phillips 66 ordered to pay Propel Fuels $195 million in punitive damagesPhillips 66 to evaluate legal options after court rulingBy Nicole Jao NEW YORK, July 31 (Reuters) - U.S. refiner Phillips 66 PSX.N was ordered to pay biofuel maker Propel Fuels $800 million in damages for stealing trade secre...Reuters
Thu, Jul 31
CORRECTED-Flash flood threat prompts emergency declarations in New York, New Jersey
By Joseph AxNEW YORK, July 31 (Reuters) - New York Governor Kathy Hochul and her acting counterpart in New Jersey said they were declaring states of emergency for areas facing the threat of extreme flash floods forecast on Thursday for much of the Eastern Seaboard.The National Weather Service posted...Reuters
Thu, Jul 31
Eldorado Gold beats Q2 revenue estimates, adjusted EPS misses
OverviewEldorado Gold Q2 revenue rises 52% yr/yr, beating analyst expectationsAdjusted EPS for Q2 misses analyst estimatesCo repurchased $44.6 mln of shares, indicating confidence in future growthOutlookEldorado maintains 2025 gold production guidance at 460,000-500,000 ouncesCompany expects full-ye...Reuters
Thu, Jul 31
Mercer International Q2 revenue misses estimates
OverviewMercer International Q2 rev declines 9% yr/yr, missing analyst expectations, per LSEG dataOperating EBITDA for Q2 turns negative, impacted by weaker dollar and trade challengesCo pauses quarterly dividend amid market uncertainty, focusing on capital allocationOutlookCompany expects decrease...Reuters
Thu, Jul 31
Clarus Q2 net loss widens
OverviewClarus Q2 sales of $55.2 mln beat analyst expectations, per LSEG dataNet loss of $8.4 mln, adjusted net loss almost stable yr/yrCo completes sale of PIEPS brand for $9.1 mlnOutlookClarus anticipates challenging consumer demand for the rest of the yearCompany expects benefits from structural ...Reuters
Thu, Jul 31
Trump administration to expand price support for US rare earths projects, sources say
While the attendees asked Navarro to support a ban on exports of equipment containing rare earth magnets to spur domestic recycling, Navarro told them he would push for that only after the U.S. rare earths industry is more developed so as not to prematurely give China leverage in the ongoing tradeReuters
Thu, Jul 31
CSX working with Goldman Sachs to explore strategic options, Bloomberg News reports
July 31 (Reuters) - Railroad operator CSX CSX.O is working with Goldman Sachs GS.N to explore strategic options following a merger between its two major rivals, Bloomberg News reported on Thursday, citing people familiar with the matter.Union Pacific UNP.N said on Tuesday it would buy smaller rival ...Reuters
Thu, Jul 31
US gasoline demand in May hits lowest seasonal level since 2020, EIA says
By Shariq Khan NEW YORK, July 31 (Reuters) - U.S. gasoline demand in May fell to the lowest for that month since the coronavirus pandemic of 2020, data from the Energy Information Administration showed on Thursday, indicating consumers cut back on fuel purchases despite lower prices.Product suppl...Reuters
Thu, Jul 31
Capstone Copper Q2 revenue, adjusted EPS misses expectations
OverviewCapstone Copper Q2 revenue misses analyst expectations, reaching $543.2 mln, per LSEG dataAdjusted EPS for Q2 misses consensus at $0.04, per LSEG dataRecord adjusted EBITDA of $215.6 mln for Q2, driven by increased copper productionOutlookCapstone reaffirms 2025 copper production guidance of...Reuters
Thu, Jul 31
First Solar raises annual sales outlook, expects higher prices due to tariffs
July 31 (Reuters) - First Solar FSLR.O raised its annual sales forecast on Thursday, as the U.S. solar panel maker expects higher prices for its products following additional tariffs on foreign-made panels. Shares of the Tempe, Arizona-based company rose over 4% after the bell.The solar industry,...Reuters
Thu, Jul 31
US Plains HRW Wheat-Basis steady as futures rise
CHICAGO, July 31 (Reuters) - Spot basis bids for hard red winter wheat were flat in a spot check of locations in the southern U.S. Plains on Thursday as futures ticked up. K.C. wheat futures rose as the U.S. Department of Agriculture reported private sales of 100,000 metric tons of U.S. hard red win...Reuters
Thu, Jul 31
EXCLUSIVE-Pakistan to get first U.S. oil shipment as Cnergyico seals import deal
By Ariba Shahid and Sudarshan VaradhanKARACHI/SINGAPORE, Aug 1 (Reuters) - Pakistan's largest refiner Cnergyico CNER.PSX will import 1 million barrels of oil from Vitol in October, its vice chairman Usama Qureshi told Reuters on Friday, marking the country's first-ever purchase of U.S. crude...Reuters
Thu, Jul 31
Brazilian companies react to Trump's tariffs with relief and doubt
U.S. surprised Brazilian companies with nearly 700 exemptions to full tariff Brazil estimates tariff will impact 35.9% of sales to the U.S.Critical products including coffee and beef absent from exemption listBy Luciana Magalhaes and Ana Mano SAO PAULO, July 31 (Reuters) - Brazilian companies rea...Reuters
Thu, Jul 31
GRAINS-Soy futures set April low on good US crop weather, slow China demand
By Tom Polansek CHICAGO, July 31 (Reuters) - Chicago Board of Trade soybean futures fell on Thursday to their lowest level since April on beneficial U.S. crop weather and poor demand from China, analysts said.Soymeal and wheat futures set contract lows, under pressure from plentiful supplies.The ...Reuters
Thu, Jul 31
Panama communities challenge canal expansion project in Supreme Court
At least 2,500 people would be relocatedResidents back alternate project that does not require relocationsPlan would increase canal transit capacity by up to 15 ships a day By Elida Moreno and Marianna Parraga PANAMA CITY, July 31 (Reuters) - Communities in Panama that would have to relocate unde...Reuters
Thu, Jul 31
ICE canola futures relatively strong in face of vegoils weakness
WINNIPEG, Manitoba, July 31 (Reuters) - ICE canola futures were little moved on Thursday despite weakness in competing vegoils. • Volume fell to levels they were at before Wednesday's surge. • November canola RSX5 settled down 90 cents at $695.40 per metric ton. January RSF6 settled down $1.60...Reuters
Thu, Jul 31
CBOT soybeans slump to multi-month lows on low Chinese demand, big global crop
CHICAGO, July 31 (Reuters) - Chicago Board of Trade soybean futures fell on Thursday to their lowest level since April, as beneficial U.S. crop weather, a bounty of global supplies, and sluggish demand from China have kept prices slumping, analysts said.CBOT soymeal futures also set contract lows ea...Reuters
Thu, Jul 31
