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Trump to visit Texas flood site amid questions about disaster response
Visit comes as government response faces scrutinyTexas flooding is deadliest disaster of second Trump termDozens of people still unaccounted forBy Nicole Jeanine Johnson WASHINGTON, July 11 (Reuters) - U.S. President Donald Trump is heading to central Texas on Friday to survey damage from the Jul...Reuters
Fri, Jul 11
Volkswagen to close jointly-owned China plant, reports Handelsblatt
BERLIN, July 11 (Reuters) - Volkswagen VOWG.DE and Chinese partner SAIC 600104.SS will close their joint plant in the Chinese city of Nanjing, German daily Handelsblatt reported on Friday, as the German carmaker loses market share in the world's largest car market.Production has already been hal...Reuters
Fri, Jul 11
Russia's fuel export revenue in June fell 14% from last year, IEA says
MOSCOW, July 11 (Reuters) - Russia's revenue from sales of crude oil and oil products in June declined by almost 14% from a year earlier to $13.57 billion, the International Energy Agency said on Friday.Global oil prices LCOc1 have fallen this year, under pressure from economic uncertainty and i...Reuters
Fri, Jul 11
Copper's positive, long-term trajectory unchanged despite US tariff, Barrick CEO says
LUSAKA, July 11 (Reuters) - Copper miners remain bullish on the metal's future prospects even as a looming 50% U.S. tariff creates short-term price volatility, Barrick Mining Corp ABX.TO CEO Mark Bristow said in Zambia, where the company is expanding its operations.Reuters
Fri, Jul 11
EUROPE GAS-Prices decline on stable supply, weak demand
LONDON, July 11 (Reuters) - Dutch and British wholesale gas prices declined slightly on Friday morning amid stable supply and weak demand. The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 inched down by 0.17 euro to 35.30 euros per megawatt hour (MWh) by 0814 GMT, while the day-ahe...Reuters
Fri, Jul 11
METALS-Copper prices range-bound as markets digest US tariff news, await clarity
By Hongmei Li SINGAPORE, July 11 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange were range-bound on Friday, easing from an initial shock after U.S.' formal announcement of a 50% tariff on the metal from August 1, as the market awaited further details....Reuters
Fri, Jul 11
US wants South Korea to join efforts to counter China in shipbuilding
SEOUL, July 11 (Reuters) - The U.S. wants South Korea to join efforts to counter China's growth in shipbuilding via potential cooperation in the sector, a senior official from Seoul's trade ministry said on Friday."The United States feels a sense of crisis that China's market share i...Reuters
Fri, Jul 11
China smelter group decides not to set Q3 copper processing fee guidance, sources say
By Amy Lv and Lewis Jackson BEIJING, July 11 (Reuters) - China's top copper smelters opted to not set guidance for a key copper processing charge in the third quarter, sources said, the second time in a row they have done that as the industry grapples with tight concentrate supply.The decisio...Reuters
Fri, Jul 11
Airline crashes and refinery fires dominate H1 man-made losses
By Michael JonesJuly 10 - (The Insurer) - Airline crashes and oil refinery fires affecting the downstream market have made up the bulk of man-made losses shouldered by the insurance industry in the first half of 2025.Airline losses likely exceed $2 billion, American Airlines incident largest contrib...Reuters
Fri, Jul 11
PRECIOUS-Gold rises on Trump's latest tariffs; firmer dollar caps gains
Trump announces 35% tariff on CanadaU.S. weekly jobless claims slip to 7-week lowU.S. dollar index heads for best week in nearly 5 monthsBy Anmol Choubey July 11 (Reuters) - Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canada and broader tariff threats against ot...Reuters
Fri, Jul 11
Japan, China take step towards resuming Japanese beef exports to China
TOKYO, July 11 (Reuters) - Japan's farm ministry said on Friday that an animal health and quarantine agreement with China had come into force, paving the way towards the resumption of Japanese beef exports to China that had been halted in 2001. Beijing has banned beef imports from Japan since...Reuters
Fri, Jul 11
Guy Carpenter: Most flood impacted Texas counties have “extremely low” NFIP take-up
By Chris MunroJuly 10 - (The Insurer) - Most of the central Texas counties impacted by the devastating July 4 flash flooding have “extremely low NFIP participation levels” even though the region is highly vulnerable to the peril, Guy Carpenter said on Thursday.As of July 10, at least 119 people have...Reuters
Fri, Jul 11
TECHNICALS-CBOT soybeans may bounce further to $10.20-3/4 to $10.23-3/4 range
For more technical analyses, please click SINGAPORE, July 11 (Reuters) - The CBOT soybean November contract SX25 may bounce further to $10.20-3/4 to $10.23-3/4 range.A wave C from $10.58-1/2 narrowly missed its ultimate target of $9.97-1/2, the 100% projection level. The strong bounce triggered by t...Reuters
Fri, Jul 11
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $65.82 per barrel, down from Thursday’s close at $65.89.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.27 after its previous daily close at $68.29.
Fxstreet
Fri, Jul 11
PRESS DIGEST- New York Times business news - July 11
July 11 (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.- WK Kellogg KLG.N agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, uniting two of the world...Reuters
Fri, Jul 11
ASIA GOLD-Demand sluggish in Asia as volatile prices weigh on sentiment
Premiums of $10-$25/oz charged in ChinaTariff uncertainty fails to boost gold demand in China this week, trader saysDiscount in India reduces to $8/ozBy Anmol Choubey and Rajendra Jadhav July 11 (Reuters) - Demand for physical gold remained sluggish this week across major Asian markets as price v...Reuters
Fri, Jul 11
Technip Energies Awarded A Large Contract For A Floating LNG Unit In Africa
July 11 (Reuters) - Technip Energies NV TE.PA:AWARDED A LARGE CONTRACT FOR A FLOATING LIQUEFIED NATURAL GAS UNIT IN AFRICACONTRACT EFFECTIVE UNTIL SEPTEMBER 30, 2025LARGE AWARD REPRESENTS €250 MILLION TO €500 MILLION REVENUEORDER INTAKE RECORDED IN PROJECT DELIVERY BACKLOG Q3 2025Reuters
Fri, Jul 11
Silver Price Forecast: XAG/USD flirts with short-term trading range hurdle, above $37.00
Silver (XAG/USD) trades with a positive bias for the second straight day and tests the top end of a multi-week-old range during the Asian session on Friday. The white metal currently trades around the $37.20 region, up 0.40% for the day.Fxstreet
Fri, Jul 11
