News
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First LPG tanker docks at Enterprise Products Neches River terminal in Texas
By Arathy SomasekharHOUSTON, July 23 (Reuters) - A liquefied petroleum gas tanker moored at the Enterprise Products Partners EPD.N terminal along the Neches river in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa sai...Reuters
Wed, Jul 23
CIF/FOB Gulf Grain-Soy barge bids slip, traders assess potential Chinese demand
CHICAGO, July 23 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals eased on Wednesday, traders said as they sought to assess potential demand from China.China's agriculture ministry said the government would continue to promote the reduction and substitution of ...Reuters
Wed, Jul 23
Packaging Corp forecasts profit below estimates on export, freight pressures
July 23 (Reuters) - Packaging Corp of America PKG.N forecast third-quarter profit below Wall Street estimates on Wednesday, hurt by rising freight costs and weak export containerboard sales amid global trade uncertainty.The Lake Forest, Illinois-based company specializes in delivering paper and pack...Reuters
Wed, Jul 23
LIVESTOCK-CME cattle futures hit new contract highs as supplies tighten
By P.J. Huffstutter CHICAGO, July 23 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures rallied to fresh contract highs on Wednesday, as tight supplies and strong cash market prices continued to send future contracts surging, market analysts said.Meanwhile, CME hog futures reb...Reuters
Wed, Jul 23
Pest control firm Rollins tops quarterly sales estimates on robust demand for services
July 23 (Reuters) - Rollins ROL.N reported second-quarter revenue above estimates on Wednesday, on steady demand for its pest control services amid an unusually warm and dry weather in the United States. WHY IT'S IMPORTANTA warmer-than-usual climate across much of the United States, which...Reuters
Wed, Jul 23
First Quantum expects rise in Cobre Panama maintenance costs
July 23 (Reuters) - Canadian miner First Quantum Minerals FM.TO said on Wednesday it expects costs associated with the maintenance plan for its closed copper mine in Panama will increase to roughly $17 million to $18 million per month.In May, Panama approved the company's preservation and safe m...Reuters
Wed, Jul 23
Australia lifts biosecurity restrictions on US beef, AFR reports
SYDNEY, July 24 (Reuters) - Australia has lifted its biosecurity restrictions on beef imports from the U.S., the Australian Financial Review (AFR) reported on Thursday, likely removing a key concern for U.S. President Donald Trump's administration over bilateral trade.Australia informed the U.S....Reuters
Wed, Jul 23
Trump axes loan for Grain Belt power transmission project
Farmers opposed due to eminent domain petitionsProject backed by Invenergy for solar and wind powerClashed with administration's stance on renewablesWhite House previously praised $1.7 billion Invenergy investmentProject faced decade-long development before loan terminationBy Timothy Gardner ...Reuters
Wed, Jul 23
Top UN court says treaties compel wealthy nations to curb global warming
ICJ opinion could influence global climate litigationU.N. treaties should guide responsibilities, rich countries saySouth, small island states seek firm measures to curb emissions By Stephanie van den Berg and Alison Withers THE HAGUE, July 23 (Reuters) - The United Nations' highest court on ...Reuters
Wed, Jul 23
Texas lawmakers investigate flash floods as death toll hits 137
By Brad Brooks July 23 (Reuters) - Texas state lawmakers met during a special session on Wednesday, to address for the first time the deadly flash floods that hit the Texas Hill Country this month, killing at least 137 people. Senator Charles Perry, chairperson for the joint Senate-House committe...Reuters
Wed, Jul 23
EXCLUSIVE-White House taps mining expert to head national security office, sources say
White House taps mining executive for top NSC role, sources sayCopley expected to focus on supply chains, critical mineralsTrump administration sees rare earths access as key to national securityBy Jarrett Renshaw and Gram Slattery WASHINGTON, July 23 (Reuters) - The White House has tapped a form...Reuters
Wed, Jul 23
Miner First Quantum Q2 adjusted EPS beats estimates
OverviewFirst Quantum Q2 adjusted EPS beats analyst expectations, per LSEG dataThe miner's net earnings for Q2 2025 at $18 mln, $0.02 per shareCo received approval for copper concentrate export at Cobre PanamáOutlookCompany maintains 2025 copper production guidance at 380,000 to 440,000 tonnesFi...Reuters
Wed, Jul 23
EXCLUSIVE-White House taps mining expert to head national security office, sources say
White House taps mining executive for top NSC role, sources sayCopley expected to focus on supply chains, critical mineralsTrump administration sees rare earths access as key to national securityBy Jarrett Renshaw and Gram Slattery WASHINGTON, July 23 (Reuters) - The White House has tapped a form...Reuters
Wed, Jul 23
US EPA moves to approve dicamba weedkiller use on cotton, soybeans
Dicamba use was halted in 2024 by federal courtEPA says chemical poses no significant human health or environmental riskDicamba can drift and cause damage to nearby plantsBy Leah Douglas and Tom Polansek WASHINGTON, July 23 (Reuters) - The U.S. Environmental Protection Agency on Wednesday propose...Reuters
Wed, Jul 23
Puerto Rico ends $20 billion LNG contract talks with New Fortress Energy, Bloomberg News says
July 23 (Reuters) - Puerto Rico is ending talks to negotiate a $20 billion liquefied natural gas contract with New Fortress Energy NFE.O, Bloomberg News reported on Wednesday, citing a negotiator.New Fortress was unwilling to discuss changes to the contract and missed a key deadline, the report said...Reuters
Wed, Jul 23
US extends cuts to minimum New York flight requirements through late 2026
By David Shepardson WASHINGTON, July 23 (Reuters) - The Federal Aviation Administration agreed on Wednesday to extend cuts to minimum flight requirements at congested New York City airports through October 2026, citing significant air traffic controller staffing shortages.Under minimum flight req...Reuters
Wed, Jul 23
Graco Q2 adjusted profit miss analyst expectations, plans price increase
OverviewGraco Q2 sales rise 3% but miss analyst expectations, per LSEG dataAdjusted EPS for Q2 misses consensus due to higher product costsCo plans price increase to offset tariff-related costsOutlookGraco maintains 2025 revenue outlook of low single-digit organic sales growthCompany plans targeted ...Reuters
Wed, Jul 23
Deals of the day-Mergers and acquisitions
July 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:** Chevron CVX.N cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday. nL4N3TK1S8** One R...Reuters
Wed, Jul 23
US Cash Grains-Corn, soy bids mostly steady in quiet trade
CHICAGO, July 23 (Reuters) - Spot basis bids for corn and soybeans were steady to mixed in the U.S. Midwest on Wednesday as low corn and soy prices discouraged selling and industry players kept a close eye on the weather in the U.S. crop belt. The corn basis fell at an Iowa elevator and the soy basi...Reuters
Wed, Jul 23
White House says US-Japan Investment Deal To Focus Partly On Semiconductor Design And Fabrication, Natural Gas And New Shipbuilding Yards
July 23 (Reuters) - Boeing Co BA.N:US JAPAN INVESTMENT DEAL WILL FOCUS PARTLY ON SEMICONDUCTOR DESIGN AND FABRICATION, NATURAL GAS AND NEW SHIPBUILDING YARDS -WHITE HOUSEJAPAN WILL IMMEDIATELY INCREASE IMPORTS OF U.S. RICE BY 75%, WITH A MAJOR EXPANSION OF IMPORT QUOTAS -WHITE HOUSEJAPAN WILL PURCHA...Reuters
Wed, Jul 23
