News
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EU wheat hovers around contract low as export competition weighs
PARIS, Nov 25 (Reuters) - Benchmark wheat futures on Euronext were little changed on Tuesday, hovering around a contract low as a rise in the euro kept attention on export competition in a well-supplied global market.A U.S. diplomatic push to end the war between Russia and Ukraine was adding some ba...Reuters
Tue, Nov 25
Europe Gasoline/Naphtha-Gasoline cracks fall further
LONDON, Nov 24 (Reuters) - Northwest European gasoline profit margins fell by $1.62 on Tuesday to about $14.63 a barrel. A total of 2,000 metric tons of Eurobob E5 gasoline barges traded, with Gunvor selling to Trafigura.An additional 8,000 tons of Eurobob E10 gasoline barges traded in the session, ...Reuters
Tue, Nov 25
PRECIOUS-Gold edges up as US data reinforces Fed rate-cut bets
US retail sales data below expectations in SeptemberFed Governor Miran calls for further interest rate cutsTraders see 83% chance of US rate cut next monthBy Pablo Sinha Nov 25 (Reuters) - Gold prices ticked up on Tuesday as softer-than-expected U.S. retail sales data reinforced traders'...Reuters
Tue, Nov 25
Taxi-hailing apps accused of scheming with Uber to inflate prices
By Mike ScarcellaWASHINGTON, Nov 25 (Reuters) - A group of technology companies that make apps for taxi-hailing services is facing a new lawsuit for allegedly colluding with Uber UBER.N to keep passenger prices artificially high around the United States.The proposed class action, filed on Monday in ...Reuters
Tue, Nov 25
EXPLAINER -OPEC+ policies of oil output hikes and cuts
LONDON, Nov 25 (Reuters) - OPEC+, which pumps about half the world's oil, has paused oil output hikes for the first quarter of 2026 after releasing some 2.9 million barrels per day into the market since April 2025.The group still has about 3.24 million bpd of output cuts in place, representing a...Reuters
Tue, Nov 25
OPEC+ seen keeping oil output unchanged, focus on capacity debate
OPEC+ meets on Sunday, expected to be onlineEight OPEC+ members to also meet on Sunday to review market By Ahmad Ghaddar and Alex Lawler LONDON, Nov 25 (Reuters) - OPEC+ is likely to leave output levels unchanged at its meeting on Sunday while focusing talks on a theoretical topic of how m...Reuters
Tue, Nov 25
J.M. Smucker forecasts annual profit below estimates as coffee inflation bites
Nov 25 (Reuters) - J.M. Smucker SJM.N on Tuesday forecast annual profit below analysts' estimates as a surge in coffee costs is expected to squeeze its margin, sending shares of the food maker down 3%.The parent company of Folgers coffee, which imports green coffee mainly from Brazil and Vietnam...Reuters
Tue, Nov 25
SOFTS-London cocoa hits near two-year lows, arabica coffee extends gains
LONDON, Nov 25 (Reuters) - London cocoa futures traded on the ICE exchange fell to near two-year lows on Tuesday, as traders priced in another expected delay to Europe's anti-deforestation law and continued to bet on supply growth this season.Arabica coffee headed higher meanwhile. COCOALo...Reuters
Tue, Nov 25
PRECIOUS-Gold edges down on profit taking, US data reinforces Fed rate cut bets
US Retail Sales data falls below expectations in SeptemberFed's Stephen Miran calls for further rate cutsTraders see 85% chance of US interest rate cut next monthBy Pablo Sinha Nov 25 (Reuters) - Gold prices edged down on Tuesday as some traders booked profits after prices hit an over on...Reuters
Tue, Nov 25
Barrick committed to Pakistan's Reko Diq copper project, says interim CEO
Statement follows reports of potential split or asset salesSecurity and logistics challenges remain for $7 billion projectReko Diq viewed as cornerstone of Pakistan’s minerals strategyBy Ariba Shahid KARACHI, Nov 25 (Reuters) - Barrick Mining Corp ABX.TO remains committed to its Reko Diq copper m...Reuters
Tue, Nov 25
PRECIOUS-Gold holds steady as US data reinforces Fed rate cut bets
US Retail Sales data falls below expectations in SeptemberFed's Stephen Miran calls for further rate cutsTraders see 85% chance of US interest rate cut next monthBy Pablo Sinha Nov 25 (Reuters) - Gold prices held largely steady on Tuesday, as softer-than-expected U.S. retail sales data r...Reuters
Tue, Nov 25
In plea to EU, Stellantis chairman warns European car industry risks 'irreversible decline'
EU to review carbon emissions regulation for auto industry next monthStellantis proposes flexibility to avoid industry declineStellantis aims to boost Italian output with hybrid Fiat 500By Giulio Piovaccari TURIN, Nov 25 (Reuters) - Stellantis STLAM.MI Chairman John Elkann on Tuesday warned the ...Reuters
Tue, Nov 25
Canada's Barrick to pay $430 million to settle Mali gold mine dispute, Bloomberg News reports
Nov 25 (Reuters) - Barrick Mining ABX.TO has agreed to a 244 billion CFA francs ($430 million) settlement with Mali, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Canadian miner on Monday reached an agreement with Mali's government to resolve all their disputes o...Reuters
Tue, Nov 25
CBOT Trends-Wheat, corn up 1-2 cents, soy up 2-3
CHICAGO, Nov 25 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Tuesday.NOTE: Markets will be closed on Thanksgiving on Thursday. WHEAT - Up 1 to 2 cents per bushelWheat futures moved hig...Reuters
Tue, Nov 25
US natural gas futures fall 4% on record output despite cold forecast
Record US gas output allows for increased stockpilingColder weather expected to increase gas demand for heatingLNG export feedgas reaches new daily highEuropean gas prices drop amid Russia-Ukraine peace talksBy Scott DiSavino Nov 25 (Reuters) - U.S. natural gas futures fell about 4% to a one-week...Reuters
Tue, Nov 25
PRESS DIGEST-Canada - Nov 25
Nov 25 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAILCanada and India are close to finalizing a uranium trade agreement in an export deal valued at about $2.8 b...Reuters
Tue, Nov 25
Chinese 'right on schedule' for US soybean purchases, Bessent tells CNBC
WASHINGTON, Nov 25 (Reuters) - Chinese purchases of American soybeans are "right on schedule", U.S. Treasury Secretary Scott Bessent said on Tuesday, citing an agreement for Beijing to buy 87.5 million metric tons of the U.S. product over the next three and a half years.The U.S. and China wi...Reuters
Tue, Nov 25
EXCLUSIVE-Russia weighs how to prop up Russian Railways which is $51 billion in debt, sources say
Government discussed Russian Railways - sourcesRussian Railways debt is 4 trillion roubles - sourcesRussia considering different options to help Russian RailwaysBy Gleb Stolyarov MOSCOW, Nov 25 (Reuters) - Russia's government is discussing different ways to prop up Russian Railways, the count...Reuters
Tue, Nov 25
Serbia's Russia-owned oil refinery faces shutdown as US sanctions bite, president says
US sanctions hurt Serbia's NIS refinery operationsSerbia faces supply issues, economic hit from sanctionsWashington demands Russian divestment from NIS within three monthsBy Aleksandar Vasovic BELGRADE, Nov 25 (Reuters) - Serbia's Russia-owned NIS NIIS.BEL oil refinery will shut down in f...Reuters
Tue, Nov 25
