News
Important Only
Gold slumps on geopolitical developments, strong Dollar ahead of Powell’s speech
Gold price tumbles on Tuesday as the Greenback extends its minimal gains for the second straight day, while geopolitical developments suggest that a positive outcome of the US President Trump meeting with Putin, Zelenskiy and European leaders could put an end to the ongoing war.
Fxstreet
Tue, Aug 19
Ancora Urges CSX To Aggressively Pursue A Value-Maximizing Merger
Aug 19 (Reuters) - ANCORA:ANCORA ISSUES LETTER TO CSX'S BOARD REGARDING NEED TO AVERT A PERMANENT IMPAIRMENT OF VALUE AND AGGRESSIVELY PURSUE A VALUE-MAXIMIZING MERGERANCORA HOLDINGS GROUP: URGES CSX BOARD TO TERMINATE JOE HINRICHS, IF A MERGER CANNOT BE CONSUMMATED IN A TIMELY MANNERANCORA HOLD...Reuters
Tue, Aug 19
PRECIOUS-Gold falls as investors await Fed's Jackson Hole conference
Fed minutes due on WednesdayFed's Jackson Hole symposium scheduled for August 21-23Trump says US would help assure Ukraine security in peace dealBy Noel John Aug 19 (Reuters) - Gold prices edged lower on Tuesday as the U.S. dollar firmed, while investors hunkered down for Federal Reserve Chai...Reuters
Tue, Aug 19
USDA will heighten scrutiny for solar and wind projects on farms, but some may continue
By Leah Douglas and Nichola Groom WASHINGTON, Aug 19 (Reuters) - The U.S. Department of Agriculture said on Tuesday it will heighten scrutiny of some solar and wind projects but stopped short of ending all agency support for clean energy projects on U.S. farms, according to a press release.The re...Reuters
Tue, Aug 19
California, other state AGs urge Trump EPA to drop plan to kill greenhouse gas rules
Aug 19 (Reuters) - California Attorney General Rob Bonta and other Democratic state attorneys general on Tuesday urged the Trump administration to abandon its plan to rescind the long-standing finding that greenhouse gas emissions endanger human health, removing the legal foundation for all U.S. gre...Reuters
Tue, Aug 19
Activist Ancora Pressures Railroad Operator CSX To Explore Deal- WSJ
Aug 19 (Reuters) - ACTIVIST ANCORA PRESSURES RAILROAD OPERATOR CSX TO EXPLORE DEAL- WSJANCORA SAID IT IS PREPARED TO LAUNCH A PROXY FIGHT FOR BOARD SEATS LATER THIS YEAR IF CSX DOESN’T HEED ITS ADVICE - WSJANCORA BELIEVES CSX SHOULD EXPLORE DEALS WITH BOTH BNSF RAILWAY, OWNED BY BERKSHIRE HATHAWAY, ...Reuters
Tue, Aug 19
EU wheat falls back as supply pressure lingers
PARIS, Aug 19 (Reuters) - Euronext wheat eased on Tuesday as short-covering in front-month futures abated while rising expectations for Russian production tempered reaction to a wave of French export sales.September wheat BL2U5 on Paris-based Euronext settled 0.9% down at 194.50 euros ($226.71) a me...Reuters
Tue, Aug 19
Iraq signs agreement with Chevron on oil exploration projects, prime minister says
CAIRO, Aug 19 (Reuters) - Iraq signed an agreement in principle with U.S.' ChevronCVX.N for a project that consists of four exploration blocks in addition to the development of other producing oil fields, Iraq's prime minister said on Tuesday.Reuters
Tue, Aug 19
GRAINS-Chicago wheat, corn tick lower on continued supply pressure
Abundant supply pressures corn, wheat futuresSoybeans fall on profit-takingAnnual US Midwest field tour gets under wayBy Heather Schlitz CHICAGO, Aug 19 (Reuters) - Chicago wheat fell on Tuesday, pressured by an upward revision to Russia's wheat crop forecast and the latest talks to end the w...Reuters
Tue, Aug 19
METALS-Aluminium hits near two-week low on Ukraine talks
By Eric Onstad LONDON, Aug 19 (Reuters) - Aluminium prices slid to their weakest level in nearly two weeks on Tuesday on the prospect of an end to the Ukraine war that might allow major producer Russia to boost supply.Benchmark three-month aluminium CMAL3 on the London Metal Exchange fell 1% to $...Reuters
Tue, Aug 19
Europe Gasoline/Naphtha-Gasoline profit margins gain
LONDON, Aug 19 (Reuters) - Northwest European gasoline profit margins rose 41 cents to $16.53 a barrel on Tuesday.A total of 16,000 metric tons of Eurobob E5 barges traded in the session, with Gunvor, BP and Sahara Energy selling to Varo, Aramco and TotalEnergies.An additional 3,000 tons total of Eu...Reuters
Tue, Aug 19
US Cash Grains-Soybean basis steady-down on slowing demand, corn bids mostly flat
CHICAGO, Aug 19 (Reuters) - Spot soybean basis bids were unchanged to lower at U.S. Midwest elevators and processing plants on Tuesday as demand slowed at some locations and buyers looked ahead to an expected bumper harvest this autumn, merchants said.Soy processor demand is slowing as some crush pl...Reuters
Tue, Aug 19
US soybean farmers urge Trump to make purchase deal with China
By Leah Douglas WASHINGTON, Aug 19 (Reuters) - U.S. soybean farmers urged President Donald Trump in a Tuesday letter to reach a trade deal with China that secures significant soybean purchase agreements, warning of dire long-term economic outcomes if the country continues to shun the U.S. crop. C...Reuters
Tue, Aug 19
US adds 407 product categories to steel and aluminum tariffs list
WASHINGTON, Aug 19 (Reuters) - The U.S. Department of Commerce on Tuesday announced the addition of 407 product categories to its list of "derivative" steel and aluminum products subject to tariffs."Today’s action covers wind turbines and their parts and components, mobile cranes, bulldo...Reuters
Tue, Aug 19
EXCLUSIVE-Toms Capital seeks CSX meeting after acquiring stake, sources say
By Svea Herbst-Bayliss NEW YORK, Aug 19 (Reuters) - Hedge fund Toms Capital Investment Management has requested to meet with the board at U.S. railroad operator CSX CSX.O after recently buying a stake, people familiar with the matter said, raising speculation the firm may push for a possible merg...Reuters
Tue, Aug 19
WTI Crude Oil slides toward $62.00 as geopolitical tensions ease and oversupply fears mount
WTI Crude Oil remains under pressure on Tuesday, trading around $62.00 per barrel, as markets digested signs of de-escalation in the Russia-Ukraine conflict and positioned cautiously ahead of key macroeconomic events.
Fxstreet
Tue, Aug 19
Cameron LNG undergoing maintenance, cargoes not affected, company says
HOUSTON, Aug 19 (Reuters) - Natural gas flows to the Cameron LNG export facility in Louisiana were significantly reduced for a second consecutive day on Tuesday for short-term maintenance, the company said. Gas flows to the facility, the fourth-largest in the United States, was down to 1.3 billion c...Reuters
Tue, Aug 19
Venezuelan PDVSA 2020 bond up to 4-month high
Aug 19 (Reuters) - A defaulted Venezuelan bond was up 1 cent on Tuesday to 95 cents on the dollar, the highest since mid-April, after a U.S. court this week reopened bidding for the parent of Venezuela-owned refiner Citgo Petroleum, which could lead to payment agreements with the bondholders.Reuters
Tue, Aug 19
US targets steel, copper, lithium imports under Uyghur forced labor law
WASHINGTON, Aug 19 (Reuters) - The Trump administration on Tuesday said it was targeting more imports of Chinese goods, including steel, copper and lithium, for high-priority enforcement over alleged human-rights abuses involving the Uyghurs.The Department of Homeland Security, in a post on X, said ...Reuters
Tue, Aug 19
US targets steel, copper, lithium and other imports under Uyghur forced labor law, DHS says
WASHINGTON, Aug 19 (Reuters) - The Trump administration on Tuesday said it was designating several new Chinese industry sectors—including steel, copper, lithium, caustic soda and red dates—for high priority enforcement over alleged human-rights abuses involving the Uyghurs.The Department of Homeland...Reuters
Tue, Aug 19
