News
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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
Power producer Origin Energy flags weaker fiscal 2026 output from APLNG
Fiscal 2026 APLNG production forecast lower vs fiscal 2025Origin shares flatOrigin's share of revenue from APLNG down in Q4By Adwitiya Srivastava and Rajasik Mukherjee July 31 (Reuters) - Australia's Origin Energy ORG.AX on Thursday forecast a dip in annual output from the Australia Pacif...Reuters
Thu, Jul 31
VEGOILS-Palm falls on weak rival edible oils, rising output, sluggish demand
KUALA LUMPUR, July 31 (Reuters) - Malaysian palm oil futures slipped on Thursday, snapping two straight sessions of gains, weighed by rival edible oils while concerns over rising production and sluggish export demand added further pressure on prices. The benchmark palm oil contract FCPOc3 for Octobe...Reuters
Thu, Jul 31
BREAKINGVIEWS-US tariff keeps India in China plus one, for now
By Una Galani HONG KONG, July 31 (Reuters Breakingviews) - Donald Trump's shake-up of the world's China-plus-one trade is not creating any decisive winners or losers. The U.S. president's decision on Wednesday to impose a 25% tariff on imports from India is a blow to the South Asian c...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...Reuters
Thu, Jul 31
GRAINS-Chicago soybeans, corn steady on favourable weather; wheat prices slip
BEIJING, July 31 (Reuters) - Chicago soybean futures were flat on Thursday, holding near a four-month low amid favourable weather, abundant global supplies and sluggish Chinese demand. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was steady at $9.96 per bushel, a...Reuters
Thu, Jul 31
Sumitomo CFO: U.S. Tariffs Raised Oil Drilling Pipe Prices, Benefiting U.S. Pipe Business, But Low Oil Prices Slowed Development Activities
July 31 (Reuters) - Sumitomo Corp 8053.T:SUMITOMO CORP OFFICIAL: CONTINUING TO CONSIDER ALL OPTIONS FOR AMBATOVY NICKEL PROJECT IN MADAGASCARSUMITOMO OFFICIAL: RESUMED OPERATIONS AT AMBATOVY IN EARLY MAY, AIMING TO PRODUCE MID-30,000 TONS OF NICKEL IN FY2025SUMITOMO CFO: U.S. TARIFFS HAVE RAISED OIL...Reuters
Thu, Jul 31
Gold price defends 100-day SMA, rebounds from one-month low as USD pauses post-Fed rally
Gold price (XAU/USD) gains some positive traction during the Asian session on Thursday and recovers a part of the previous day's hawkish Federal Reserve (Fed)-inspired slump to a one-month low.Fxstreet
Thu, Jul 31
Japan's JERA Q1 profit slightly down on weaker overseas business
By Yuka Obayashi and Katya Golubkova TOKYO, July 31 (Reuters) - JERA, Japan's biggest power generator, on Thursday posted a 1% decrease in net profit for the first quarter of the fiscal year 2025 to 92.5 billion yen ($621 million) amid weaker overseas power generation business, including from...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 effective on August 1. Three-month cop...Reuters
Thu, Jul 31
WRAPUP 2-Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports
Trump imposes tariffs on Brazil, South Korea, and copper importsCopper prices drop 17% after tariff announcementBrazil says limits on 50% tariffs means 'not worst-case scenario'South Korea sees lower 15% tariffs after $350 bln investment deal in U.S. projectsBy Ernest Scheyder, David Shepard...Reuters
Thu, Jul 31
PRESS DIGEST-British Business - July 31
July 31 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- U.S. investment bank Evercore EVR.N acquired London-based boutique advisory firm Robey Warshaw for 146 million p...Reuters
Thu, Jul 31
VEGOILS-Palm opens lower on weak rival edible oils, crude oil prices
KUALA LUMPUR, July 31 (Reuters) - Malaysian palm oil futures opened lower on Thursday, snapping two straight sessions of gains, as weak rival edible oils and crude oil prices weighed on the market. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange...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) - 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 $350 billion investment in the U.S. by the Asian trade partner, ...Reuters
Thu, Jul 31
RUBBER-Japan futures slide on automobile tariffs, sluggish manufacturing data
July 31 (Reuters) - Japanese rubber futures fell across all exchanges on Thursday, as renewed U.S. tariffs on South Korean automobiles and sluggish manufacturing activity in China weighed on prices.The Osaka Exchange (OSE) rubber contract for January delivery JRUc6, 0#2JRU: was down 8.4 yen, or 2....Reuters
Thu, Jul 31
Malaysian palm oil exports to US rise 52% y/y in January-May
KUALA LUMPUR, July 31 (Reuters) - Malaysian palm oil exports to the United States during January-May rose 51.8% from a year earlier to 93,000 metric tons, the Plantation and Commodities Ministry said.The United States is not a primary market for Malaysian palm oil, but the 25% tariff Washington has ...Reuters
Thu, Jul 31
Japan's JERA Q1 profit slightly down on weaker overseas business
TOKYO, July 31 (Reuters) - JERA, Japan's biggest power utility, on Thursday posted a 1% decrease in net profit for the first quarter of the fiscal year 2025 to 92.5 billion yen ($621.4 million) amid weaker overseas power generation business, including from renewable energy.JERA, a joint venture ...Reuters
Thu, Jul 31
Malaysian palm oil exports to US rise 52% to 93,000 metric tons in January-May
KUALA LUMPUR, July 31 (Reuters) - Malaysian palm oil exports to the United States rose 51.8% to 93,000 metric tons over January-May compared with the same period a year earlier, said the Ministry Of Plantation Industries and Commodities.The U.S. is not a primary market for Malaysian palm oil but a 2...Reuters
Thu, Jul 31
METALS-Copper prices rangebound as US tariff exemption for cathodes calms markets
By Hongmei Li SINGAPORE, July 31 (Reuters) - Copper prices were rangebound on Thursday as traders felt relieved 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 effective on August 1. Thre...Reuters
Thu, Jul 31
