News
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Gold remains firm as US jobless claims beat forecasts, high yields weigh
Gold price (XAU/USD) remained firm during Thursday’s North American session as the US Dollar remained solid following the release of robust jobs data, along with uncertainty about the latest tariffs imposed by Washington.
Fxstreet
Thu, Jul 10
LNG Canada's start-up yet to lift gas prices amid supply glut
AECO hub prices remain low despite LNG Canada startWestern Canada faces natural gas supply glutProducers delay new wells amid market imbalanceBy Amanda Stephenson and Curtis Williams CALGARY, July 9 (Reuters) - Last month's start-up of LNG Canada, the country's first large-scale lique...Reuters
Thu, Jul 10
Holders of Venezuelan bond ask New York court to protect their rights
By Marianna Parraga July 10 (Reuters) - Holders of a key bond defaulted by Venezuela's state oil company PDVSA asked a New York judge on Thursday to ensure they can claim compensation from proceeds expected in an auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum....Reuters
Thu, Jul 10
PRECIOUS-Gold steadies as firmer dollar counters trade tensions
Trump announces 50% US tariffs on copper, Brazilian imports US weekly jobless claims fall unexpectedly in latest weekPalladium up over 3% By Ashitha Shivaprasad and Anushree Mukherjee July 10 (Reuters) - Gold prices were little changed on Thursday as a stronger U.S. dollar offset the impact of U....Reuters
Thu, Jul 10
EU wheat rallies as Russia export snags spur short-covering
PARIS/HAMBURG, July 10 (Reuters) - Euronext wheat climbed more than 2% on Thursday as export delays in Russia, the world's biggest wheat supplier, encouraged short-covering after recent contract lows, traders said.September wheat BL2U5, the most-active position on Euronext, settled 2.3% up at 20...Reuters
Thu, Jul 10
GRAINS-Wheat rises on tight Russian supply, corn and soy stuck near lows
CBOT wheat up as tight supply pushes up Russian pricesCorn, soy edge down to hold near multi-month lowsFavorable U.S. crop weather looms over grain marketsBy Tom Polansek CHICAGO, July 10 (Reuters) - U.S. wheat futures rose on Thursday on the limited availability of supplies for export in Russia,...Reuters
Thu, Jul 10
ANALYSIS-Brazil has few exit routes from Trump tariff but feels less pain
Lula lacks will or ability to interfere in Bolsonaro's trialUS actually has a trade surplus with BrazilTariffs could raise prices for US coffee, orange juice drinkersSome experts say fight with Trump could help Lula in electionBy Luciana Magalhaes and Ricardo BritoBRASILIA, July 10 (Reuters) - W...Reuters
Thu, Jul 10
Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, July 10 (Reuters) - Northwest European gasoline profit margins edged lower on Thursday to $15.25. A total of 12,000 tons on Eurobob E5 barges traded, with Trafigura and BP selling to Varo, Gunvor and Aramco.An additional 16,000 metric tons of Eurobob E10 barges traded, as Sahara, Unipec and ...Reuters
Thu, Jul 10
Puerto Rico watchdog halts New Fortress' $20 billion supply deal, Bloomberg News reports
July 10 (Reuters) - Puerto Rico's finance regulator has halted New Fortress Energy's NFE.O $20 billion natural gas supply deal over monopoly concerns, Bloomberg News reported on Thursday, citing a letter to the island's energy czar, Josue Colon.Shares of the company were down 7.6% in aft...Reuters
Thu, Jul 10
Thousands of first responders search for Texas survivors against long odds
Search teams dispatched from a dozen statesMore than 160 people still unaccounted forBy Jane RossKERRVILLE, Texas, July 10 (Reuters) - Thousands of first responders were still combing through piles of mud-covered debris in Texas Hill Country on Thursday, hoping against long odds to find survivors si...Reuters
Thu, Jul 10
REFILE-EXCLUSIVE-European Commission to propose floating Russian oil price cap
Part of a revised 18th EU sanctions package on RussiaSome member states hesitant over impact on shipping sectorEuropean Commission already proposed $45 cap from $60By Julia Payne and John Irish BRUSSELS/PARIS, July 10 (Reuters) - The European Commission is expected to propose a floating Russian o...Reuters
Thu, Jul 10
EXCLUSIVE-Mali military helicopter airlifts gold from Barrick-owned Loulo-Gounkoto
By Portia Crowe and Divya Rajagopal DAKAR/TORONTO, July 10 (Reuters) - A Malian military helicopter airlifted gold from the Barrick-owned Loulo-Gounkoto complex on Thursday, three sources said, days after Reuters reported that a court-appointed administrator planned to sell the site's bullion...Reuters
Thu, Jul 10
Citgo bidder Gold Reserve says happy with refiner's management
Gold Reserve willing to negotiate with current managementDalinar's board to be made up 'exclusively of American citizens'Bid includes $4.5 billion bridge loan and $2 billion revolving creditBy Marianna Parraga HOUSTON, July 10 (Reuters) - Executives of Toronto-listed Gold Reserve GRZ....Reuters
Thu, Jul 10
Trump's 50% tariff on Brazil would halt flow of Brazilian coffee to the US
By Marcelo TeixeiraNEW YORK, July 10 (Reuters) - The proposed Trump administration import tariff of 50% on Brazil would effectively halt the flow of Brazilian coffee to the United States, its largest buyer, four trade sources told Reuters on Thursday. They said U.S. coffee roasters would not be able...Reuters
Thu, Jul 10
US again halts cattle imports from Mexico over flesh-eating screwworms
Screwworm pest has advanced closer to US borderMexican President Sheinbaum called US decision "exaggerated" Mexican Beef Producers Association regrets haltBy Tom Polansek CHICAGO, July 10 (Reuters) - The flesh-eating livestock pest New World screwworm has advanced closer to the U.S. borde...Reuters
Thu, Jul 10
Barrick Mining Says Lumwana Project Is Tracking Well Against Its 2025 Production Guidance
July 10 (Reuters) - Barrick Mining Corp ABX.TO:LUMWANA EXPANSION IN FULL SWING AS BARRICK BUILDS TIER ONE COPPER MINEBARRICK MINING CORP - LUMWANA EXPANSION TO DOUBLE COPPER PRODUCTION TO 240,000 TONNESBARRICK MINING: LUMWANA IS TRACKING WELL AGAINST ITS 2025 PRODUCTION GUIDANCEReuters
Thu, Jul 10
US coffee, orange juice prices could surge if Trump's Brazil tariffs stick
US raises Brazil's August 1 tariffs to 50% from 10%Brazil is world's largest coffee, orange juice and sugar growerAround a third of coffee and half the orange juice sold in the US, comes from BrazilTrump may yet row back on tariff level, date, analysts sayBy May Angel and Marcelo Teixeira ...Reuters
Thu, Jul 10
Red Sea insurance soars after deadly Houthi ship attacks
By Jonathan Saul LONDON, July 10 (Reuters) - The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday.The Red Sea is ...Reuters
Thu, Jul 10
CANADA RESEARCH ROUNDUP-Canadian Pacific Kansas, Mullen Group, Thomson Reuters
July 10 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Canadian Pacific Kansas, Mullen Group and Thomson Reuters on Thursday.HIGHLIGHTS * Canadian Pacific Kansas City CP.TO: Scotiabank raises PT to C$120 from C$115* Groupe Dynamite In...Reuters
Thu, Jul 10
