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Willis' Fowler: Google's investment in MIT spin-out a cue for insurers to assess nuclear risk with a different 'mindset'
By Isha Marathe July 7 - (The Insurer) - As investment in nuclear fusion plants picks up with Google's latest power purchase agreement, Willis' Kate Fowler urged insurers to distinguish the risks between the novel technology and traditional fission reactors. Last week, Alphabet's Goo...Reuters
Tue, Jul 8
FACTBOX-Where does the US get its copper?
By Lewis Jackson and Amy Lv BEIJING, July 8 (Reuters) - U.S. President Donald Trump on Tuesday said he planned to announce a 50% tariff on copper imports later in the day, surprising a global industry whose output is critical to electric vehicles, military hardware, semiconductors and...Reuters
Tue, Jul 8
French intelligence chief: no certainty on whereabouts of Iran's uranium stocks
PARIS, July 8 (Reuters) - The head of France's foreign intelligence service said on Tuesday that some of Iran's highly enriched uranium stocks were destroyed by American and Israeli strikes, but there was no certainty on where the rest was now located.Speaking in an interview on LCI televisi...Reuters
Tue, Jul 8
CBOT wheat ends down as advancing harvests bring in new supplies
CHICAGO, July 8 (Reuters) - Chicago Board of Trade wheat futures slipped on Tuesday as harvesting in the Northern Hemisphere brought in new supplies, traders said.The U.S. winter wheat harvest was 53% complete by Sunday, the U.S. Department of Agriculture said in a report issued after trading ended ...Reuters
Tue, Jul 8
TREASURIES-US yields rise on tariff concerns before long-dated auctions
Trump broadens trade war with more tariffsTreasury sees soft demand for $58 bln 3-year auctionGlobal bond selloff pulls US yields higherBy Karen Brettell July 8 (Reuters) - U.S. Treasury yields rose on Tuesday as President Donald Trump announced more tariffs and before the Treasury will auction 1...Reuters
Tue, Jul 8
US natgas prices slide 2% to 1-week low on low spot market, rising output this month
Speculators cut net longs for first time in 3 weeksCash prices below futures every day since AprilGas stockpiles 6% over normal levels and risingBy Scott DiSavino July 8 (Reuters) - U.S. natural gas futures slid about 2% to a one-week low on Tuesday on low cash prices, an increase in output so fa...Reuters
Tue, Jul 8
CBOT soybeans close down on benign US crop weather
CHICAGO, July 8 (Reuters) - Chicago Board of Trade soybean futures closed down on Tuesday as benign U.S. crop weather raised expectations for a large harvest, analysts said.Weather has been largely non-threatening for U.S. soy and corn crops, and large harvests would add to bumper production in riva...Reuters
Tue, Jul 8
Hess to exit Suriname offshore oil block after partners leave over drilling risks
PARAMARIBO, July 8 (Reuters) - U.S. oil producer Hess Corp HES.N has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie."Hess has fulfilled its minimum work obligati...Reuters
Tue, Jul 8
US issues expedited permit to proposed Tennessee coal mine
July 8 (Reuters) - The Trump administration said it issued a permit to a proposed coal mine in Claiborne County, Tennessee on Tuesday under an expedited process aimed at accelerating reviews of energy projects on federal lands.In a statement, the Department of the Interior said it had granted a perm...Reuters
Tue, Jul 8
CBOT corn ends weaker as US crop rating improves
CHICAGO, July 8 (Reuters) - Chicago Board of Trade corn futures finished lower for a second consecutive session on Tuesday as U.S. crop ratings improved and weather conditions looked favorable, traders said.The U.S. Department of Agriculture said after Monday's market close that 74% of the natio...Reuters
Tue, Jul 8
Chile says it has not received information from U.S. on copper tariffs
SANTAIGO, July 8 (Reuters) - Chile, the world's top copper producer, said on Tuesday it has not received any official communication from counterparts regarding the implementation of copper tariffs, the foreign ministry said in a statement.U.S. President Donald Trump announced a 50% tariff on imp...Reuters
Tue, Jul 8
Codelco awaiting details on possible exemptions for Trump copper tariffs, chairman says
SANTIAGO, July 8 (Reuters) - The world's biggest copper producer, Chile'S state-run Codelco, will wait to see if some countries are exempted from U.S. President Donald Trump's plans to impose a 50% tariff on copper imports before weighing in on the matter, Codelco Chairman Maximo Pacheco...Reuters
Tue, Jul 8
PRECIOUS-Safe-haven gold slips over 1% on trade optimism
Japan, South Korea seek to negotiate on tariffs before August deadlineU.S. 10-year bond yields hit more than two-week peakTariffs will likely delay Fed rate cuts which may cap gold prices, analyst says By Anushree Mukherjee July 8 (Reuters) - Gold prices slipped more than 1% on Tuesday, as optimi...Reuters
Tue, Jul 8
Gold price crashes as US yields soar, Trump tariff fears ease
Gold price is plunging over 1% on Tuesday during the North American session as appetite for its safe-haven demand diminished, although US President Donald Trump announced that the first tariff letters had been sent to some of the US's trade partners.
Fxstreet
Tue, Jul 8
US Cash Grains-Soybean bids steady to higher
CHICAGO, July 8 (Reuters) - Spot basis bids for soybeans were higher at elevators, processors and river terminals in a spot check of locations in the U.S. Midwest on Tuesday. The soybean basis improved at processors in Decatur, Illinois and Council Bluffs, Iowa. It also ticked up at river terminals ...Reuters
Tue, Jul 8
Europe Gasoline/Naphtha-Gasoline profit margins edge higher
LONDON, July 8 (Reuters) - Northwest European gasoline profit margins rose slightly on Tuesday, by 52 cents to $14.20 a barrel. A total of 12,800 metric tons of Eurobob E10 barges traded, as Shell, Gunvor and BP sold to Varo, TotalEnergies and ExxonMobil.An additional 12,000 tons on Eurobob E5 barge...Reuters
Tue, Jul 8
CANADA-CRUDE-Discount on Western Canada Select narrows
July 8 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 was trading slightly higher during the Tuesday session. WCS for August delivery in Hardisty, Alberta, was trading at $10.25 a barrel under the U.S. benchmark WTI, brokers sai...Reuters
Tue, Jul 8
Euronext wheat hovers near lows
PARIS/HAMBURG, July 8 (Reuters) - Euronext wheat consolidated near contract lows on Tuesday as weak export demand and good harvest prospects hung over the market, while slow selling by farmers helped underpin prices.September futures BL2U5 on Euronext settled 0.1% down at 195.75 euros ($229.01) per ...Reuters
Tue, Jul 8
US to produce less oil in 2025 than previously expected amid declining prices, EIA says
EIA lowers its 2025 oil production forecast to 13.37 million bpdGeopolitical tensions influence Brent crude price forecastUS oil demand to rise slightly in 2025 vs 2024, EIA reportsBy Stephanie Kelly NEW YORK, July 8 (Reuters) - The U.S. will produce less oil in 2025 than previously expected as d...Reuters
Tue, Jul 8
US natgas output and demand to hit record highs in 2025, before sliding in 2026, EIA says
By Scott DiSavinoJuly 8 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion...Reuters
Tue, Jul 8
