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Trump says US will set 15% tariff on South Korean imports under new deal
South Korea agrees to invest $350 billion in US projectsInvestment projects to include shipbuilding, chips, batteriesSouth Korea to purchase $100 billion in US energy productsTariffs on South Korean autos also at 15% on par with Japan, EU By Trevor Hunnicutt and Ju-min Park WASHINGTON/SEOUL, July...Reuters
Thu, Jul 31
EU wine, spirits to face 15% U.S. tariff from Aug 1- EU official
BRUSSELS, July 31 (Reuters) - European wine and spirits will face a 15% tariff when entering the United States from Aug 1, until negotiators from both sides agree a different deal, in talks that are expected to continue in autumn, EU officials and diplomats said on Thursday.The U.S. tariff on Europe...Reuters
Thu, Jul 31
EUROPE GAS-Prices decline on stronger wind forecasts
LONDON, July 31 (Reuters) - Dutch and British wholesale gas prices declined on Thursday morning due to profit taking and forecasts of stronger wind wind generation.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.10 euro at 34.28 euros per megawatt hour (MWh), or $11.45...Reuters
Thu, Jul 31
ArcelorMittal trims steel demand forecasts as tariffs dampen US sentiment
By Anna Peverieri July 31 (Reuters) - ArcelorMittal MT.AS, the world's second largest steelmaker, cut its steel demand forecasts on Thursday, saying President Donald Trump's tariffs were taking a toll on U.S. consumption even as European demand held up somewhat better.The Trump administra...Reuters
Thu, Jul 31
METALS-Copper prices slip on US tariff exemption for cathodes
By Lucas Liew SINGAPORE, July 31 (Reuters) - Copper prices dipped across major exchanges on Thursday after U.S. President Donald Trump excluded copper cathodes, the most liquid red metal product in the market, from the 50% import tariff on the metal to be implemented on August 1. Three-month c...Reuters
Thu, Jul 31
WTI steadies near $69.50 due to US Oil builds, prospects for Brazilian Oil exports
West Texas Intermediate (WTI) Oil price halts its three-day winning streak, trading around $69.60 per barrel during the early European hours on Thursday. Crude Oil prices struggle, possibly driven by a surprise build in the United States (US) crude stocks.
Fxstreet
Thu, Jul 31
Shell CFO says LNG Canada is loading one cargo a week
LONDON, July 31 (Reuters) - Shell-led SHEL.L LNG Canada is loading about one cargo a week, Shell's finance chief Sinead Gorman told reporters on Thursday after Reuters reported technical problems at Canada's first major liquefied natural gas export project.A spokesperson for LNG Canada has s...Reuters
Thu, Jul 31
RUBBER-Japan futures slide on profit taking, trade tensions and sluggish Chinese manufacturing
July 31 (Reuters) - Japanese rubber futures fell across all exchanges on Thursday as traders booked profits after last week's rally, while fresh U.S. tariffs on South Korean autos and weak manufacturing data weighed.The Osaka Exchange (OSE) rubber contract for January delivery JRUc6, 0#2JRU: w...Reuters
Thu, Jul 31
Asia steps up US WTI oil imports as Middle East prices rise, sources say
SINGAPORE/HOUSTON, July 31 (Reuters) - Asia is expected to step up imports of U.S. West Texas Intermediate crude in the fourth quarter after Middle East oil prices strengthened and opened the arbitrage window, trade sources said.Middle East crude benchmarks Dubai and Murban gained this month on the ...Reuters
Thu, Jul 31
Prysmian in "much stronger position" after Trump's new copper tariff set-up, CEO says
MILAN, July 31 (Reuters) - Italy's Prysmian PRY.MI is in a "a much stronger position" after the new set-up on copper tariffs decided by the U.S. administration, the cable maker's CEO Massimo Battaini said on Thursday, presenting the group's second quarter results.U.S. President D...Reuters
Thu, Jul 31
FACTBOX-What we know about South Korea's trade deal with the US
By Jihoon Lee and Hyunjoo Jin SEOUL, July 31 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would charge a 15% tariff on imports from South Korea as part of an agreement to avoid even higher levies.The deal includes a South Korean investment of $350 billion in the U.S., but o...Reuters
Thu, Jul 31
Hungary plans to bring in US small modular reactor tech with Polish partner
BUDAPEST, July 31 (Reuters) - Hungary has taken a key step towards importing small modular nuclear reactor technology by partnering with Poland's Synthos Green Energy, which holds the rights to GE Vernova Hitachi's technology in central Europe.Hungarian nuclear energy development firm Hunato...Reuters
Thu, Jul 31
Outokumpu Q2 Adj EBITDA EUR 75 Mln, Above Estimate
July 31 (Reuters) - Outokumpu Oyj OUT1V.HE:Q2 SALES EUR 1,486 MILLION VERSUS. ESTIMATE EUR 1,570.2 MILLIONQ2 ADJUSTED EBITDA EUR 75 MILLION VERSUS. ESTIMATE EUR 69 MILLIONQ2 NET INCOME EUR -19 MILLIONQ2 ADJUSTED EBIT EUR 21 MILLION VERSUS. ESTIMATE EUR 11.3 MILLIONQ2 EPS EUR -0.04Q2 EBITDA EUR 39 MI...Reuters
Thu, Jul 31
PRECIOUS-Gold rebounds from 1-month low on renewed trade uncertainty
Trump announces tariffs on copper, Brazil, and small-value shipmentsTrump says US will set 15% tariff on South Korean importsUS Federal Reserve leaves policy rate unchangedBy Anmol Choubey July 31 (Reuters) - Gold prices rebounded on Thursday from a one-month low hit in the previous session, as t...Reuters
Thu, Jul 31
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $69.45 per barrel, down from Wednesday’s close at $69.83.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $72.24 after its previous daily close at $72.61.Fxstreet
Thu, Jul 31
COLUMN-EU energy policy trapped between US gas and Chinese green tech: Bousso
EU reliance on US LNG has grown since Russian gas phase-outChina dominates EU's renewable energy supply chainEU trade deal with US sets unrealistic energy purchase targetBy Ron Bousso LONDON, July 31 - The European Union's lavish pledge to buy $750 billion of U.S. energy by 2028 risks exa...Reuters
Thu, Jul 31
ANALYSIS-Global power grid expansion fuels fresh copper demand surge
Copper prices expected to hit fresh recordsAlternatives such as aluminium abandoned for data centre cabling Copper market deficit expected to widenBy Pratima Desai and Ashitha ShivaprasadJuly 31 (Reuters) - Copper demand is rising faster than the industry anticipated, driven by billions of dollars b...Reuters
Thu, Jul 31
Global gold demand up 3% in second quarter as investment jumps, WGC says
WGC estimates demand from central banks down 21% y/y in Q2Total investment demand up 78% y/y, led by ETFsGold jewellery demand fell 14% y/y LONDON, July 31 (Reuters) - Global gold demand including over-the-counter (OTC) trading rose by 3% year-on-year to 1,248.8 metric tons in the second quarter ...Reuters
Thu, Jul 31
