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Kazakhstan's leader tells Trump that he hopes for compromise on new U.S. tariffs
ALMATY, July 10 (Reuters) - Kazakh President Kassym-Jomart Tokayev told U.S. President Donald Trump in a letter that he was ready for constructive dialogue on trade issues after Trump slapped fresh 25% reciprocal tariffs on the Central Asian country.Trump launched a new global trade war this week, i...Reuters
Thu, Jul 10
TECHNICALS-CBOT soybeans may extend loss to $9.97-1/2
For more technical analyses, please click SINGAPORE, July 10 (Reuters) - The CBOT soybean November contract SX25 may extend loss to $9.97-1/2 per bushel, driven by a wave C.A projection analysis reveals that this wave has briefly pierced below the 86.4% projection level of $10.05-3/4. It has a bette...Reuters
Thu, Jul 10
Kazakhstan supplied 160,000 tons of oil to Germany in June, Ifax reports
MOSCOW, July 10 (Reuters) - Kazakhstan supplied 160,000 metric tons of oil to Germany via the Druzhba pipeline system in June, Russia's Interfax news agency cited Kazakhstan's pipeline company Kaztransoil KZTO.KZ as saying on Thursday.In May, Kazakhstan's oil exports to Germany via the p...Reuters
Thu, Jul 10
PRECIOUS-Gold edges higher on softer dollar, trade war intensifies
Trump issues tariff notices to seven trading partnersTrump announces 50% tariff on copper effective August 1Fed minutes show only "a couple" of officials back July rate cutBy Anmol Choubey July 10 (Reuters) - Gold prices edged higher on Thursday, helped by a slight retreat in the dollar a...Reuters
Thu, Jul 10
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $67.36 per barrel, up from Wednesday’s close at $67.32.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.61 price posted on Wednesday, and trading at $69.67.
Fxstreet
Thu, Jul 10
RPT-US tariffs on South Africa set to hit white farmers Trump has embraced
South Africa faces 30% US tariff from August 1Farm exports like citrus previously not subject to tariffsWhite farmers among those whose businesses will sufferTrump has shown concern for white South AfricansBy Wendell Roelf CITRUSDAL, South Africa, July 9 (Reuters) - U.S. President Donald Trump...Reuters
Thu, Jul 10
Ship piracy, robberies rise 83% in Asia from Jan-Jun, anti-piracy group says
SINGAPORE, July 10 (Reuters) - There were 95 piracy and armed robberies against ships in Asia from January to June this year, an 83% increase compared to the same period last year, according to data from the Information Sharing Centre of intergovernmental anti-piracy group ReCAAP. Most of the incide...Reuters
Thu, Jul 10
PRESS DIGEST - Wall Street Journal - July 10
July 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Elon Musk-owned X's chief executive officer Linda Yaccarino said she would step down from the role in a surprise move, just months afte...Reuters
Thu, Jul 10
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
VEGOILS-Palm oil rises for fourth session on stronger rivals
JAKARTA, July 10 (Reuters) - Malaysian palm oil futures rallied for a fourth straight session on Thursday, tracking gains in Dalian and Chicago rival edible oils, with investors assessing data from the Malaysia Palm Oil Board (MPOB). The benchmark palm oil contract FCPOc3 for September delivery on t...Reuters
Thu, Jul 10
Gold price trades with a positive bias above $3,300 but bullish conviction lacking
Gold price (XAU/USD) attracts some follow-through buying for the second straight day on Thursday and recovers further from a one-and-a-half-week low, around the $3,283-3,282 region touched the previous day.Fxstreet
Thu, Jul 10
Nissan says it has halted US production of three models sold in Canada
TOKYO, July 10 (Reuters) - Nissan Motor 7201.T has suspended U.S. production of three vehicle models for Canada amid mutual tariffs imposed by the U.S. and Canada on auto imports, the automaker said.It has halted production of Pathfinder and Murano SUVs and Frontier pickup trucks, the Japanese autom...Reuters
Thu, Jul 10
Copper prices in London, China hover near 3-week lows on looming 50% US tariff
By Hongmei Li SINGAPORE, July 10 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange were under pressure on Thursday, hovering near a three-week low, amid U.S. President Donald Trump's plans to start imposing a 50% copper import tariff on August 1.Trump announ...Reuters
Thu, Jul 10
Indonesia, US to intensify tariff talks, eyes wider critical partnership, ministry says
JAKARTA, July 10 (Reuters) - Indonesia and the United States will intensify tariff negotiations in the next three weeks, its economic ministry said on Thursday, adding that both countries see the potential for a wider partnership in sectors such as critical minerals.Reuters
Thu, Jul 10
European grid investment plans face 250 billion euro shortfall
By Nina Chestney LONDON, July 10 (Reuters) - The European electricity transmission system operator's (TSO) investment plans to upgrade and expand power grids over the next five years face a 250 billion euro ($293 billion) shortfall, a report by Boston Consulting Group (BCG) said on Thursday.W...Reuters
Thu, Jul 10
VEGOILS-Palm tracks Dalian palm oil lower
JAKARTA, July 10 (Reuters) - Malaysian palm oil futures slipped on Thursday, snapping three sessions of gains, as weakness in Dalian palm oil and a strong ringgit weighed on the contract.The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange lost 15 ...Reuters
Thu, Jul 10
PRESS DIGEST-British Business - July 10
July 10 (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- Seven housing developers have agreed to pay a total of 100 million pounds ($136 million) to affordable housing p...Reuters
Thu, Jul 10
PRESS DIGEST- Financial Times - July 10
July 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Thames Water refuses to claw back bonuses despite government threats- UK set to hold minority stake in Sizewell C nuclear project- Rev...Reuters
Thu, Jul 10
GRAINS-Corn, soybeans fall on US weather; wheat slips for fifth session
Corn falls, gives up last session's gains on favourable weatherWheat prices down as Northern Hemisphere harvest boost supplies By Naveen Thukral SINGAPORE, July 10 (Reuters) - Chicago corn futures slid on Thursday, falling for three out of four sessions, while soybeans lost more ground as for...Reuters
Thu, Jul 10
