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Valero Energy reports second-quarter profit fall
July 24 (Reuters) - Refiner Valero Energy VLO.N reported a fall in second-quarter profit on Thursday, hurt by lower throughput volumes.The company reported a profit of $714 million, or $2.28 per share, for the quarter ended June 30, compared with $880 million, or $2.71 per share, from a year earlier...Reuters
Thu, Jul 24
REFILE-Serbia seeks extension of US sanctions waiver for oil firm NIS, minister says
July 24 (Reuters) - Serbia has sought an extension from the United States on a sanctions waiver for Russian-owned Serbian oil company NIS NIIS.BEL for an additional 180 days, Serbia's mining and energy minister said on Thursday."In the past month, as well as in the entire period since Januar...Reuters
Thu, Jul 24
Chemicals maker Dow's quarterly loss bigger than expected
July 24 (Reuters) - Chemicals firm Dow Inc DOW.N reported a bigger-than-expected loss on Thursday, hurt by lower prices of its products and weak demand for its products.The Michigan-based company reported an adjusted loss of 42 cents per share for the quarter ended June 30, compared with analysts...Reuters
Thu, Jul 24
Kazakh Black Sea oil exports resume after snafu over tankers' access, sources say
MOSCOW, July 24 (Reuters) - Russia's FSB security service has started handing out clearance for foreign tankers to access the Black Sea ports, allowing for Kazakhstan's oil exports to resume, four industry sources said on Thursday. Two industry sources said on Wednesday that foreign tankers ...Reuters
Thu, Jul 24
Trump tariffs wreaking havoc in Brazil's citrus belt
New levy could devastate Brazil's citrus industry, affecting farmers and productionU.S. consumers face higher orange juice prices due to dependency on BrazilBrazilian exporters have limited options if new U.S. tariff is enforcedBy Ana Mano SAO PAULO, July 24 (Reuters) - U.S. President Donald ...Reuters
Thu, Jul 24
Boom fades for US clean energy as Trump guts subsidies
Policy shift risks $373 billion in clean energy investmentsNew tax credit rules could make even fewer projects eligible for incentivesSolar manufacturers concerned about demand for U.S.-made products once credits expireBy Nichola Groom July 24 (Reuters) - Singapore-based solar panel manufactu...Reuters
Thu, Jul 24
Saipem sees majority of 2025 orders in second-half of year, CEO says
July 24 (Reuters) - Saipem SPMI.MI Chief Executive Alessandro Puliti and CFO Paolo Calcagnini tell analysts in a post-results call:CEO: GROUP CONFIDENT ABOUT ORDER INTAKE FOR FULL-YEAR 2026CEO: WILL SOON MOVE ITS CASTORONE VESSEL TO GUYANA TO WORK FOR U.S. MAJOR EXXONCFO: GROUP IS REDUCING FLEET BY ...Reuters
Thu, Jul 24
South Sudan faces London court case over oil-backed loan
By Robert Harvey and Libby George LONDON, July 24 (Reuters) - Trading house BB Energy has filed a case against South Sudan in London for failing to deliver oil owed under a pre-payment deal, according to court filings and a company spokesperson. One of the poorest countries in the world, South Su...Reuters
Thu, Jul 24
EUROPE GAS-Prices fall on expected Norwegian supply increase
LONDON, July 24 (Reuters) - Dutch wholesale gas prices fell on Thursday morning as Norwegian supply was expected to increase after maintenance at a gas field ends tomorrow.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.77 euro at 32.70 euros per megawatt hour (MWh) by ...Reuters
Thu, Jul 24
Acerinox books loss in Q2 as trade war hurts European steel market
Acerinox reports surprise net loss of 28 million euros in Q2CEO Velazquez warns of possibly steeper price declines in EuropeU.S. demand stable but trade negotiations impact marketBy Javi West Larrañaga July 24 (Reuters) - Acerinox ACX.MC booked a surprise loss in the second quarter as uncertainty...Reuters
Thu, Jul 24
Mitsubishi Motors CFO Matsuoka: Left Full-Year Earnings Forecast Unchanged As Tariff Deal Was Reached Just Before Earnings Announcement
July 24 (Reuters) - Mitsubishi Motors Corp 7211.T: MITSUBISHI MOTORS: SALES COMPETITION INTENSIFYING AS AUTOMAKERS ARE TRYING TO COMPENSATE SLOWDOWN IN SALES IN U.S. WITH SALES EXPANSION IN OTHER COUNTRIESMITSUBISHI MOTORS: A LARGE AMOUNT OF TARIFF PAYMENT INCURRED IN APRIL-JUNE QUARTER DUE TO ADDI...Reuters
Thu, Jul 24
ASIA COFFEE-Vietnam domestic prices edge up, Indonesian supplies tight
By Khanh Vu, Mas, Alina and Arifin HANOI, July 24 (Reuters) - Domestic coffee prices in Vietnam on Thursday rose slightly from a week ago, with farmers there and in Indonesia hesitant to sell their beans as they wait for prices to rise further.Farmers in the Central Highlands, Vietnam's large...Reuters
Thu, Jul 24
METALS-Copper edges up amid US trade optimism; copper tariff details awaited
By Hongmei Li SINGAPORE, July 24 (Reuters) - Copper prices edged up on Thursday on growing optimism over progress in U.S. trade talks, although uncertainty around copper import tariffs kept traders cautious. Three-month copper on the London Metal Exchange CMCU3 inched up 0.14% to $9,944 a ton by ...Reuters
Thu, Jul 24
PRESS DIGEST- New York Times business news - July 24
July 24 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- President Donald Trump's new trade deal with Japan sets a 15% tariff on Japanese car imports, giving them a competitive edge ...Reuters
Thu, Jul 24
China's soy, rapeseed meal futures drop after government pledges hog capacity control
By Ella Cao and Lewis Jackson BEIJING, July 24 (Reuters) - China's soybean meal futures fell on Thursday, snapping a five-day rally after authorities pledged to rein in hog production and reduce soymeal use in animal feed to stabilise hog prices.The most-active soybean meal contract on the Da...Reuters
Thu, Jul 24
PRECIOUS-Gold slips as easing trade tensions offset support from soft dollar
ECB rate decision due later in the dayRisk sentiment lifted by progress in trade talksDollar at more than two-week lowTrump to visit Fed on ThursdayBy Brijesh Patel July 24 (Reuters) - Gold prices extended losses on Thursday, as easing trade tensions dampened demand for safe-haven assets, oversha...Reuters
Thu, Jul 24
GRAINS-Wheat recoups some losses but ample supply caps gains
CANBERRA, July 24 (Reuters) - Chicago wheat futures on Thursday clawed back some of their losses from a day before, but expectations of plentiful global supply limited the recovery and held prices near recent lows. Corn futures rose slightly, but forecasts for crop-friendly rain in U.S. grain belts ...Reuters
Thu, Jul 24
Anglo American's copper, diamond production falls in first half
LONDON, July 24 (Reuters) - Global miner Anglo American AAL.L on Thursday reported a 13% fall in copper production in the first half of the year to 342,200 metric tons, and a 26% fall in rough diamonds, as demand remains sluggish.The London-listed miner still expects to mine 690,000-750,000 tons of ...Reuters
Thu, Jul 24
