News
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Australia's BlueScope logs profit plunge as tariff 'maze' hits demand, forces writedown
One-off impairment charge on US business of A$439 million Underlying profit down 51%, below estimatesNet profit tumbles 90%Sees solid growth for first-half operating earningsBy John Biju and Byron KayeAug 18 (Reuters) - Australian steel producer Bluescope BSL.AX said annual profit plummeted 90%, bl...Reuters
Mon, Aug 18
Aleon Metals Secures $188 Mln Financing And Initiates Restructuring To Strengthen U.S. Critical Minerals Supply
Aug 17 (Reuters) - ALEON METALS SECURES $188 MILLION FINANCING AND INITIATES RESTRUCTURING TO STRENGTHEN U.S. CRITICAL MINERALS SUPPLYALEON METALS: FILES VOLUNTARY CHAPTER 11 PETITIONS TO RESTRUCTURE BALANCE SHEET AND COMPLETE SALE PROCESSReuters
Mon, Aug 18
Erin re-intensifies into category 4 hurricane
Aug 17 (Reuters) - Hurricane Erin has re-intensified into a category 4 storm on Sunday after completing an eyewall replacement cycle, with the U.S. National Hurricane Center warning of life-threatening surf and rip currents along the U.S. eastern seaboard this week.The hurricane was about 965 miles ...Reuters
Mon, Aug 18
WTI slumps below $62.00 as traders brace for Trump-Zelenskiy talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the Asian trading hours on Monday. The WTI tumbles as traders remain cautious ahead of US President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy on Monday.
Fxstreet
Mon, Aug 18
PRESS DIGEST-British Business - August 18
Aug 18 (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- The acquisition of Oxford Ionics by IonQ IONQ.N at $1.1 billion could be delayed as the deal is subject to natio...Reuters
Mon, Aug 18
Valero Texas City Refinery Reports Emissions
Aug 17 (Reuters) - Valero Energy Corp VLO.N:REPORTS LOSS OF BOILER FEED WATER TO THE GOHT SRU TRAIN NO. 1 AND NO. 2 RESULTED IN A UNIT UPSET AND CAUSED EXCESS EMISSIONS AT THE SOUTH PLANT INCINERATOR G-2063 AND AT THE GOHT INCINERATOR G-18-1403 AT GALVESTON, TEXAS CITY REFINERYREPORTS EMISSIONS WERE...Reuters
Mon, Aug 18
Silver Price Forecast: XAG/USD rebounds from 200-SMA on H4, $38.25 barrier holds the key
Silver (XAG/USD) attracts some dip-buyers near the $37.80 region during the Asian session on Monday. The white metal climbs back above the $38.00 mark, hitting a fresh daily peak in the last hour.
Fxstreet
Mon, Aug 18
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 18 (Reuters) - Contract Target Support/Resistance Brent oil $64.98/$64.40/$63.61res $66.52/$67.20Palm oil (3rd month)4,509/4,563 ringgitsup 4,455/4,421 ringgitWTI* $62.12/$61.38res $63.46/$64.10/$64.74Spot gold$3,309/$3,298res $3,337/$3,3...Reuters
Mon, Aug 18
Oil slips as Russia supply concerns ease after Trump-Putin meet
SINGAPORE, Aug 18 (Reuters) - Oil prices slipped in early Asian trade on Monday as the United States did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Moscow's oil exports after presidents from both countries met on Friday.Reuters
Mon, Aug 18
Russia says it prevented Ukrainian drone attack on Smolensk nuclear power plant
MOSCOW, Aug 17 (Reuters) - Russia's Federal Security Service (FSB) said that it had prevented a Ukrainian drone attack on the Smolensk nuclear power plant in western Russia on Sunday.The Soviet-era Smolensk nuclear power station, about 330 km (200 miles) southwest of Moscow near the border with ...Reuters
Sun, Aug 17
Israel says it targeted energy infrastructure site used by Houthis near Yemeni capital
Aug 17 (Reuters) - The Israeli military said it had targeted an energy infrastructure site that was used by the Iran-aligned Houthis south of the Yemeni capital Sanaa early on Sunday, with Israeli media saying the Haziz power station had been hit.The military said in a statement that the strikes wer...Reuters
Sun, Aug 17
Erin downgraded to Category 3 hurricane, NHC says
By Rishabh Jaiswal, Preetika Parashuraman and Rajveer Pardesi Aug 17 (Reuters) - Erin, the first hurricane of the 2025 Atlantic season, has been downgraded to Category 3, the U.S. National Hurricane Center said early on Sunday, as the storm's wind speed eased slightly.The hurricane was about ...Reuters
Sun, Aug 17
In Michigan’s cherry country, the federal safety net is fraying
Trump's policies impact Michigan cherry farmers' survivalAfter bad weather, USDA forecasts 41% tart cherry crop loss in MichiganVisa delays, ICE fears fuel farm labor shortagesBy P.J. Huffstutter CENTRAL LAKE, MICHIGAN, Aug 16 (Reuters) - The frost came in late April, sliding across the h...Reuters
Sat, Aug 16
Erin becomes a category 2 hurricane, NHC says
Aug 15 (Reuters) - Hurricane Erin has intensified into a category 2 hurricane, the U.S. National Hurricane Center said on Friday.Hurricane Erin is about 250 miles (400 km) east-northeast of Anguilla with maximum sustained winds of 100 mph (160 kmph), the Miami-based forecaster said.The hurricane is ...Reuters
Sat, Aug 16
US Commerce Dept. widens products subject to steel, aluminum tariffs
Aug 15 (Reuters) - The Trump administration on Friday widened the reach of its 50% tariffs on steel and aluminum imports by adding hundreds of derivative products to the list of goods subject to the levies.In a Federal Register notice late on Friday, the Commerce Department said the Bureau of Indust...Reuters
Fri, Aug 15
US Steel's Deadly Clairton Plant Blast Caused By Gas Valve Failure
Aug 15 (Reuters) - Nippon Steel Corp 5401.T:US STEEL: PRELIMINARY INDICATIONS LEAD US TO BELIEVE THAT CLAIRTON EXPLOSION HAPPENED WHEN FLUSHING GAS VALVE, IN PREPARATION FOR PLANNED MAINTENANCEUS STEEL ON CLAIRTON EXPLOSION: REINFORCE THAT INVESTIGATION IS IN EARLY STAGESSource text: [ID:]Reuters
Fri, Aug 15
