News
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Bunge forecasts profit below estimates as trade, biofuel uncertainty take toll
Bunge reports weakest Q4 and annual profit since 2019Grains glut, trade turmoil hit agribusiness profitabilityBiofuel policy delays affect Bunge profitability, decisionsBy Karl Plume and Pooja Menon Feb 4 (Reuters) - Bunge Global BG.N forecast lower-than-expected profit in 2026 on Wednesday as t...Reuters
Wed, Feb 4
Gold slides nearly 1% as US Dollar firms, geopolitics tensions de-escalate
Gold price retreats during the North American session on Wednesday, down more than 1% after reaching a three-day high of $5,091. A mixed market mood and modest US Dollar strength keep XAU/USD trading with losses at around $4,901 at the time of writing.
Fxstreet
Wed, Feb 4
PRECIOUS-Gold slips on firmer dollar, focus on geopolitics and US jobs data
ADP national employment report misses expectations January nonfarm payrolls report to be released on February 11Silver up over 28% this yearBy Anmol Choubey Feb 4 (Reuters) - Gold prices reversed course and slipped on Wednesday, as the dollar strengthened and investors booked profits after recent...Reuters
Wed, Feb 4
Outside auditors to monitor flows of oil funds to Venezuela, Bessent says
WASHINGTON, Feb 4 (Reuters) - The U.S. Treasury will bring in outside auditors to monitor the flow of oil funds to Venezuela, Treasury Secretary Scott Bessent told lawmakers on Wednesday. Bessent told the House Financial Services Committee that he was not aware of an agreement already in place t...Reuters
Wed, Feb 4
EXCLUSIVE-EU rethinks climate diplomacy after bruising COP30 summit, document shows
EU looks at using trade, finance leverage in climate talksBloc won little movement on fossil fuels at COP30 Some countries weigh rejecting weak COP climate deals in futureBy Kate Abnett BRUSSELS, Feb 4 - The European Union is mulling a new strategy in its diplomatic efforts on climate change afte...Reuters
Wed, Feb 4
Mexico's Pemex supplied $496 million of oil to Cuba in 2025
By Ana Isabel Martinez and Raul Cortes MEXICO CITY, Feb 4 (Reuters) - Mexico's Pemex supplied crude oil and petroleum products to Cuba worth $496 million in 2025 through a commercial contract effective since 2023, the CEO of the state energy company, Victor Rodriguez, said on Wednesday.The sh...Reuters
Wed, Feb 4
Treasury's Bessent says he was wrong when he said tariffs could be inflationary
WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he was wrong when he and his Key Square investment firm told partners in January 2024 - before U.S. President Donald Trump won the presidency - that "tariffs are inflationary."Grilled about the document dur...Reuters
Wed, Feb 4
EU wheat holds firm with euro support as cold weather assessed
PARIS, Feb 4 (Reuters) - Euronext wheat futures edged up on Wednesday to hold near a 2-1/2 month high as a weaker euro offset pressure from lower U.S. prices.Trader were monitoring winter cold in northern hemisphere wheat belts, though snow cover was seen limiting the risks of significant crop damag...Reuters
Wed, Feb 4
PRECIOUS-Gold slips on firmer dollar; focus on geopolitics and US jobs data
ADP national employment report misses expectations January nonfarm payrolls report to be released on February 11Silver up over 28% this yearBy Anmol Choubey Feb 4 (Reuters) - Gold prices reversed course and slipped on Wednesday as the dollar strengthened and investors booked profits after rec...Reuters
Wed, Feb 4
Suncor to lay out plans for long-term bitumen supply this spring
Suncor's Base Plant mine to be largely depleted by mid-2030sPotential new 225,000 bpd oil sands mine expansion proposedSuncor's performance improved under CEO Rich KrugerBy Amanda Stephenson CALGARY, Feb 4 (Reuters) - Canadian oil sands producer Suncor Energy SU.TO will present the market...Reuters
Wed, Feb 4
METALS-Copper falls on stronger dollar and inventories outlook
By Polina Devitt LONDON, Feb 4 (Reuters) - Copper prices fell on Wednesday, pressured by a stronger dollar and rising metal availability in exchange stockpiles while traders played down Chinese plans to expand strategic reserves.Benchmark three-month copper CMCU3 on the London Metal Exchange was ...Reuters
Wed, Feb 4
Europe Gasoline/Naphtha-Gasoline refining margins gain
LONDON, Feb 4 (Reuters) - Northwest European gasoline refinery profit margins rose on Wednesday by 74 cents to about $7.28 a barrel as U.S. inventories rose by less than expected.About 6,000 metric tons of Eurobob E10 gasoline traded on barges in the Argus window, with Phillips 66 and Shell selling ...Reuters
Wed, Feb 4
Bessent: Fed lost trust of American people over inflation, threatening independence
WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said that the independence of the Federal Reserve was based on Americans' trust of the central bank, which it lost because it allowed inflation to get out of control and "ravage" their incomes.Bessent, asked...Reuters
Wed, Feb 4
UK asks Air India to explain Boeing Dreamliner fuel-switch incident
Air India facing intense scrutiny since crash last year UK seeking details after Sunday incident involving one planePossible fuel switch defect flagged by pilot on landing from UKAir India says will respond to UK regulatorBy Aditya Kalra and Abhijith Ganapavaram NEW DELHI, Feb 4 (Reuters) - Brita...Reuters
Wed, Feb 4
GRAINS-Chicago soybeans jump to two-month high on Trump comments
By Heather Schlitz CHICAGO, Feb 4 (Reuters) - Chicago Board of Trade soybean futures hit a two-month high on Wednesday following comments by U.S. President Donald Trump about China buying more U.S. soybeans, traders said.In a post on his Truth Social platform, Trump said China is "lifting the...Reuters
Wed, Feb 4
FACTBOX-Trump administration pivots to buying stakes in critical sectors
Feb 4 (Reuters) - The Trump administration is ramping up efforts to secure U.S. supply chains for critical minerals and semiconductors by converting federal grants for companies into equity stakes, aimed at reducing reliance on China. U.S. Vice President JD Vance on Wednesday unveiled plans ...Reuters
Wed, Feb 4
FACTBOX-Who is the Baloch Liberation Army behind Pakistan's Balochistan attacks?
KARACHI, FEB 4 (Reuters) - Pakistan's banned separatist group the Baloch Liberation Army (BLA) claimed responsibility for coordinated gun and bomb attacks that killed dozens of civilians and security personnel and triggered one of the deadliest security operations in Balochistan in years.The BLA...Reuters
Wed, Feb 4
