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National Restaurant Association lobbies against US tariffs
By Waylon Cunningham July 30 (Reuters) - The National Restaurant Association said it was “extremely concerned” about the possibility of new tariffs in a letter sent to U.S. Trade Representative Jamieson Greer on Tuesday.Trump earlier in July threatened to impose 30% tariffs on imports from Mexico...Reuters
Wed, Jul 30
LIVESTOCK-US cattle futures set record highs on scarce supplies
By Tom Polansek CHICAGO, July 30 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures set record highs on Wednesday as cash prices stayed strong, along with consumers' demand for beef, brokers said.Prices for cattle and beef have soared after ranchers slashed their he...Reuters
Wed, Jul 30
C.H. Robinson beats Q2 profit estimates as cost cuts offset weak revenue
July 30 (Reuters) - Global freight forwarder C.H. Robinson CHRW.O reported second-quarter profit above Wall Street estimates on Wednesday, as cost-cutting measures, including job reductions, helped cushion the impact of falling revenue in its truckload and ocean shipping businesses.The Minnesota-bas...Reuters
Wed, Jul 30
CVR Energy Q2 adjusted loss misses estimates
OverviewAdjusted loss per share 23 cents, missing analyst expectations, per LSEG dataCo impacted by unfavorable mark-to-market effect on Renewable Fuel Standard obligationOutlookCompany does not provide specific financial guidance for future in press releaseResult DriversREFINING IMPACT - $89 mln un...Reuters
Wed, Jul 30
Trump shocks markets with scaled-back copper tariff, US prices plunge
Copper markets had expected tariffs to be wider-rangingU.S. copper prices drop over 17% on ComexTariff benefits Chile, Peru as major copper suppliersCopper markets had expected tariffs to be wider-rangingBy Ernest Scheyder and Daina Beth Solomon July 30 (Reuters) - The United States will impose a...Reuters
Wed, Jul 30
Chevron granted restricted US license to operate in Venezuela, sources say
New license to allow Chevron to make decisions, contribute to procurement and paymentsNo money from oil proceeds can be transferred to Maduro's gvmtChevron had reduced operations, ordered tanker fleet to sail awayBy Marianna Parraga HOUSTON, July 30 (Reuters) - Chevron CVX.N has been granted ...Reuters
Wed, Jul 30
Oil shipments from Brazil to US to resume after tariff exemption, says lobby group
By Marta Nogueira RIO DE JANEIRO, July 30 (Reuters) - Energy companies operating in Brazil are expected to resume oil shipments to the United States after several oil products were exempted from U.S. tariffs, the head of Brazilian oil lobby group IBP told Reuters on Wednesday.Oil is Brazil's ...Reuters
Wed, Jul 30
Black Hills Q2 profit rises, reaffirms 2025 EPS guidance
OverviewBlack Hills Q2 revenue of $439 mln, missed analyst expectations, per LSEG dataEPS for Q2 was $0.38, reflecting an increase from last yearCo reaffirmed 2025 earnings guidance and established PSPS programOutlookBlack Hills reaffirms 2025 EPS guidance of $4.00 to $4.20Company expects 2025 EPS g...Reuters
Wed, Jul 30
Albemarle posts surprise second-quarter profit
July 30 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium for rechargeable batteries, posted a surprise second-quarter profit on Wednesday, helped by rising demand for the metal. The Charlotte, North Carolina-based company reported an adjusted profit of 11 cents per share,...Reuters
Wed, Jul 30
Grupo Mexico evaluating US investments after scaled-back copper tariff
MEXICO CITY, July 30 (Reuters) - Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United States within the next three to five years, an executive said on a call on Wednesday, as Washington prepares to levy tariffs on some copper products. U.S. copper ...Reuters
Wed, Jul 30
ICE canola futures fall with soyoil, good weather
WINNIPEG, Manitoba, July 30 (Reuters) - ICE canola futures fell on Wednesday, dragged down by weakness in Chicago soyoil and good weather in Western Canada.• November canola RSX5 settled down $6.00 at $696.30 per metric ton. January RSF6 settled down $5.00 at $707.50.• Volume increased for a third d...Reuters
Wed, Jul 30
Trump says US has concluded trade deal with Pakistan
WASHINGTON, July 30 (Reuters) - U.S. President Donald Trump said on Wednesday his administration concluded a trade deal with Pakistan in which Washington will work with Islamabad in developing the South Asian nation's oil reserves."We have just concluded a Deal with the Country of Pakistan, ...Reuters
Wed, Jul 30
More than 90 state, local governments targeted using Microsoft SharePoint vulnerability, group says
By Raphael Satter July 30 (Reuters) - More than 90 state and local governments have been targeted using the recently revealed vulnerability in Microsoft server software, according to a U.S. group devoted to helping local authorities collaborate against hacking threats.The nonprofit Center for Int...Reuters
Wed, Jul 30
US natgas futures ease as production rises, demand softens
July 30 (Reuters) - U.S. natural gas futures fell on Wednesday as higher production and forecasts for milder weather that was expected to reduce cooling demand weighed on prices. Front-month gas futures for September delivery NGc1 on the New York Mercantile Exchange were down 97 cents, or 3.1...Reuters
Wed, Jul 30
U.S. 50% Copper Tariff Triggers Historic 18% COMEX Plunge; Mining Giants Suffer Collective Meltdown
TradingKey - On July 30, local time, the White House announced that President Trump had signed an executive order imposing a 50% universal tariff on imported semi-finished copper and copper-intensive derivative products, effective from August 1.TradingKey
Wed, Jul 30
Grupo Mexico 'very positive' on long-term Asia copper outlook
MEXICO CITY, July 30 (Reuters) - Grupo Mexico, a major copper producer, said it maintains a "very positive" long-term outlook for copper growth in Asia, a top executive said on Wednesday, shortly after Washington signed an order imposing 50% tariffs on imports of the red metal.Speaking in a ...Reuters
Wed, Jul 30
PRECIOUS-Gold falls over 1% after Fed keeps rates steady, strong US data
US private payrolls increase in JulyFOMC voted 9-2 to keep interest rate steady in the 4.25%-4.50% rangeSilver at three-week low, platinum at over one-month lowBy Sherin Elizabeth Varghese and Sarah Qureshi July 30 (Reuters) - Gold fell more than 1% on Wednesday as the Federal reserve held intere...Reuters
Wed, Jul 30
EXCLUSIVE-Shell-led LNG Canada faces problems as it ramps up production, sources say
First major LNG export facility in Canada faces startup challengesWestern Canadian gas prices remain low despite LNG Canada startupLNG Canada expects export pace to increase after initial break-in periodBy Marwa Rashad, Curtis Williams and Amanda Stephenson LONDON/HOUSTON/CALGARY, July 29 (Reuter...Reuters
Wed, Jul 30
