News
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US again halts cattle imports from Mexico over screwworm pest
By Tom Polansek CHICAGO, July 10 (Reuters) - The U.S. Department of Agriculture has again halted imports of Mexican cattle into the United States due to the spread of the damaging livestock pest New World Screwworm in Mexico.Screwworms are parasitic flies whose females lay eggs in wounds on warm-...Reuters
Thu, Jul 10
Gold rises for second consecutive day as trade tensions intensify
Gold (XAU/USD) is ticking up slightly on Thursday, benefiting from escalating global trade tensions as recent tariff announcements from US President Trump have rekindled investors' appetite for bullion as a traditional safe-haven asset.
Fxstreet
Thu, Jul 10
RPT-COLUMN-Trump's copper tariffs won't lift US output, will boost costs: Russell
By Clyde Russell LAUNCESTON, Australia, July 10 (Reuters) - The planned 50% tariff on copper imports may turn out to be the biggest own goal of U.S. President Donald Trump's ongoing trade war with the rest of the world.Trump announced the tariff on Wednesday, saying it would become effective ...Reuters
Thu, Jul 10
RPT-COLUMN-Can US corn yield meet ballooning expectations? -Braun
By Karen BraunNAPERVILLE, Illinois, July 9 (Reuters) - The U.S. corn yield appears on pace to break its six-year streak of undershooting trendline expectations, and some analyst predictions have gotten quite lofty.But how reasonable are some of these assumptions? What's the true yield potential,...Reuters
Thu, Jul 10
PRECIOUS-Gold gains as 'dollar negative' sentiments take hold
Trump issues tariff notices to seven trading partnersTrump announces 50% tariff on copper effective August 1Palladium up more than 2%By Brijesh Patel July 10 (Reuters) - Gold prices rose on Thursday, supported by a pullback in the dollar and the prospect of U.S. interest rate cuts later in the ye...Reuters
Thu, Jul 10
US says Rubio, Malaysia PM discuss joint efforts on critical minerals supply chains, AI chip security
KUALA LUMPUR, July 10 (Reuters) - U.S. Secretary of State Marco Rubio and Malaysia's premier committed on Thursday to strengthening cooperation, building resilient critical mineral supply chains and enhancing the security of AI chip technologies, the U.S. State Department said. Malaysia's Pr...Reuters
Thu, Jul 10
China solar stocks surge as Beijing moves to calm price wars
By Colleen Howe BEIJING, July 10 (Reuters) - Some China solar stocks jumped sharply on Thursday, continuing a multi-day rise on news that Beijing wants to dampen aggressive price cutting that has driven down prices of some components by nearly 30% in the year to May, according to one estimate.Ove...Reuters
Thu, Jul 10
RPT-COLUMN-Trump’s flip-flop on emergency oil reserves has its merits: Bousso
Trump budget sharply reduces planned spending of SPR purchasesEmergency stocks at 56% of capacityTrump has vowed to fill storage 'right to the top'By Ron Bousso LONDON, July 10 - U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reser...Reuters
Thu, Jul 10
Academic study links underwriting restrictions with reduction in US coal mine output
By Rebecca DelaneyJuly 10 - (The Insurer) - A recent analysis conducted by the University of Zurich has indicated that there is a statistical relationship between insurers that adopt coal underwriting restrictions and a reduction in the number of insured U.S. coal mines.The study, which was conducte...Reuters
Thu, Jul 10
Brazil's markets face testing time after Trump tariff blow
Trump's 50% tariffs on Brazil ramps up tensions, volatilityBrazil stocks set to drop, real bruised after slumping over 2%Tariffs could impact U.S. food prices, coffee and juice imports LONDON, July 10 (Reuters) - Brazil's financial markets looked set for a bumpy start on Thursday, with tr...Reuters
Thu, Jul 10
VEGOILS-Palm oil falls on rising June stockpile
JAKARTA, July 10 (Reuters) - Malaysian palm oil futures fell on Thursday, snapping three sessions of gains as inventory in the world's second-largest palm oil exporter rose to an 18-month high. The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchan...Reuters
Thu, Jul 10
Asia Naphtha/Gasoline-Gasoline crack falls despite stock draws
NEW DELHI, July 10 (Reuters) - Asia's gasoline refining profit margin was down on Thursday even as inventories at key trading hubs decreased.The crack fell to $8.62 per barrel over Brent crude, compared with $9.26 in the previous session.Cracks are declining "due to higher Chinese and Indian...Reuters
Thu, Jul 10
Australia's competition watchdog to not fight potential Lactalis bid for Fonterra assets
By Sherin Sunny and Rajasik Mukherjee July 10 (Reuters) - Australia's competition watchdog said on Thursday it would not oppose any potential bid from French dairy giant Lactalis to buy New Zealand-based Fonterra Co-Operative Group's FCG.NZ consumer, dairy ingredients and food service bus...Reuters
Thu, Jul 10
MP Materials partners with Department of Defense to boost U.S. rare earth supply chain
July 10 (Reuters) - MP Materials MP.N said on Thursday it has entered into public-private partnership with the U.S. Department of Defense to build-out domestic rare earth magnet supply chain and reduce foreign dependency, sending its shares up 24.6% in premarket trading.Reuters
Thu, Jul 10
EUROPE GAS-Dutch and British gas prices range-bound on strong supply, warm weather
LONDON, July 10 (Reuters) - Dutch and British wholesale gas prices were slightly up, trading in a narrow range, on Thursday morning due to strong supply and warm weather forecast.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up 0.72 euro to 35.10 euros per megawatt hour (MWh...Reuters
Thu, Jul 10
IN CASE YOU MISSED IT–Schedule of Reuters features from this week
July 10 - Every week, Reuters journalists produce scores of multimedia features and human-interest stories from around the world.Below are some stories from this week selected by our editors, as well as explanatory context and background to help you understand world headlines. For a full schedule of...Reuters
Thu, Jul 10
ANALYSIS-Trump calls wind, solar bad for power grid. Texas shows otherwise
Texas grid relies increasingly on solar and wind powerState reduces blackout risk with battery storageBig fossil fuel dependent grid PJM doing worse on cost and reliabilityBy Tim McLaughlinJuly 10, (Reuters) - President Donald Trump claims that rapid adoption of solar and wind power has made U.S. el...Reuters
Thu, Jul 10
US agriculture agency to end consideration of race, sex in many farm programs
Rule ends decades-long effort to combat bias in farm programsUSDA has addressed its past discrimination, agency says4.5% of US producers are from minority racial groups, 2022 farm census showsBy Leah Douglas WASHINGTON, July 10 (Reuters) - The U.S. Department of Agriculture said on Thursday it wo...Reuters
Thu, Jul 10
Middle East Crude-Oman hits near three-week high, Dubai edges down
SINGAPORE, July 10 (Reuters) - The Middle East crude benchmark spot premium of Oman rose to a near three-week high on Thursday, while that of Dubai edged lower. Overall, the Mideast market has been supported by tight supply as producing countries burn more for rising power demand at home amid summer...Reuters
Thu, Jul 10
