News
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UKMTO says vessel sustained significant damage after being attacked west of Yemen's Hodeidah
Dubai, July 8 (Reuters) - The United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday that a vessel sustained significant damage and lost all propulsion after being attacked by five rocket grenades, 51 nautical miles (94 km) west of Yemen's Hodeidah port.Reuters
Tue, Jul 8
METALS-Copper prices edge higher amid tariff uncertainty, Chile supply outlook
By Hongmei Li SINGAPORE, July 8 (Reuters) - Copper prices edged higher on the London Metal Exchange and the Shanghai Futures Exchange on Tuesday, though uncertainty over U.S. tariffs and the potential for increased copper supply from Chile, the world's largest producer, capped further gains.T...Reuters
Tue, Jul 8
Indonesia may see some indirect tariff impact on coal, metal exports, trade group says
JAKARTA, July 8 (Reuters) - Indonesia Mining Association expects minimal direct impact of U.S. tariffs on its coal and metal shipments due to small exports to the United States, but it could feel indirect effects from other markets, its executive director said on Tuesday.U.S. tariffs could affect In...Reuters
Tue, Jul 8
Ryanair has strong bookings for summer, says CEO
WARSAW, July 8 (Reuters) - Ryanair has strong bookings for summer for major holiday destinations, Chief Executive Michael O'Leary said on Tuesday."August looks strong and all of the big holiday destinations, so Italy, Greece, Spain, the Ballearies, the Canaries, even Morocco are booking very...Reuters
Tue, Jul 8
Southeast Asia, spooked by Trump tariffs, presses for more talks
High U.S. tariffs a blow to export-reliant regionThailand, Indonesia tariffs unchanged despite concessionsLevies come after Trump clinches Vietnam trade dealThai minister vows 'fight to the end' for better dealBy Orathai Sriring and Stefanno Sulaiman BANGKOK/JAKARTA, July 8 (Reuters) - So...Reuters
Tue, Jul 8
PRECIOUS-Gold holds ground as investors assess new US tariff proposals
Trump unveils 25% tariffs on Japan, South KoreaHigher tariff rates to take effect from August 1Fed to release minutes from latest meeting on WednesdayBy Anmol Choubey July 8 (Reuters) - Gold prices were little changed on Tuesday, caught between safe-haven demand following U.S. President Donald Tr...Reuters
Tue, Jul 8
Sabanci Holding Says Its Subsidiary buys 100% of the shares of Pepper Solar Farm in Texas
July 8 (Reuters) - Haci Omer Sabanci Holding SAHOL.IS:SABANCI HOLDING - SUBSIDIARY BUYS 100% OF THE SHARES OF PEPPER SOLAR FARM IN TEXASSABANCI HOLDING - SUBSIDIARY SABANCI RENEWABLES OF SABANCI IKLIM TEKNOLOJILERI IS A WHOLLY OWNED BY SABANCI HOLDINGSABANCI HOLDING - TEXAS-BASED COMPANY HOLDS LICE...Reuters
Tue, Jul 8
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $66.74 per barrel, down from Monday’s close at $67.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.93 after its previous daily close at $69.16.
Fxstreet
Tue, Jul 8
PRESS DIGEST -Wall Street Journal - July 8
July 8 (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.- Apple's AAPL.O top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms META.O...Reuters
Tue, Jul 8
Third of chip production could face copper supply disruptions by 2035, PwC report says
Climate change threatens 32% of chip industry's copper supply by 2035-PwC reportRisk rises to between 42% and 58% by 2050Main risk comes from drought affecting copper processingNo chipmaking region spared from supply risksBy Nathan Vifflin AMSTERDAM, July 8 (Reuters) - Some 32% of global semi...Reuters
Tue, Jul 8
Seventeen people missing after mudslide hits China-Nepal border port, Xinhua reports
HONG KONG, July 8 (Reuters) - Seventeen people were missing after a mudslide hit the Gyirong Port area along the China-Nepal border on Tuesday morning, China's official Xinhua news agency reported.Eleven people were missing on the Chinese side while six Chinese construction workers were missing ...Reuters
Tue, Jul 8
COLUMN-Iron ore stays calm amid China uncertainty, US tariff turmoil: Russell
By Clyde Russell LAUNCESTON, Australia, July 8 (Reuters) - Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material.The benchmark Singapore Exchange contract SZZFc1 ended at $95.25 a metric ton on Monday, down fr...Reuters
Tue, Jul 8
Hopes fade for missing Texas flood victims as death toll hovers around 100
Town of Kerrville, on flooded river, accounts for most fatalitiesDeath toll likely to rise with dozens still listed as missingFatalities include 27 campers and counselors from girls' retreatLieutenant governor vows state will pay for siren warning system By Sergio Flores, Evan Garcia KERRVILL...Reuters
Tue, Jul 8
Gold price drifts lower as reduced Fed rate cut bets offset trade jitters
Gold price (XAU/USD) struggles to capitalize on the previous day's goodish rebound from a one-week low – levels just below the $3,300 mark – and trades with a mild negative bias during the Asian session on Tuesday.
Fxstreet
Tue, Jul 8
Indonesia palm oil group says palm oil exports to US may fall due to tariffs
JAKARTA, July 8 (Reuters) - Indonesian palm oil exports to the United States may fall due to the 32% tariffs threatened on Indonesian goods, said Hadi Sugeng, secretary general of the Indonesia Palm Oil Association (GAPKI), on Tuesday.Indonesian palm oil products, which account for 85% of U.S. palm ...Reuters
Tue, Jul 8
China warns Trump on tariffs, threatens retaliation on supply chain deals
People's Daily says dialogue is only path to lasting trade pactSays China must stick to principles on tariffs Warns nations against US tariff deals that harm China BEIJING, July 8 (Reuters) - China warned the Trump administration on Tuesday against reigniting trade tension by restoring tarif...Reuters
Tue, Jul 8
TECHNICALS-CBOT soybeans may test support at $10.28
For more technical analyses, please click SINGAPORE, July 8 (Reuters) - The CBOT soybean November contract SX25 may bounce into a range of $10.28 to $10.30-1/2 per bushel, following its stabilisation around support of $10.19-1/4. Identified as the 86.4% retracement of the uptrend from $10.13-1/4, th...Reuters
Tue, Jul 8
GRAINS-Corn falls for second session, near one-week low on US crop outlook
Near-perfect weather for US crops boosts supply outlookWheat drops on harvest pressure, soybean ticks higherBy Naveen Thukral SINGAPORE, July 8 (Reuters) - Chicago corn futures lost more ground on Tuesday, dropping to their lowest in almost a week as improved U.S. crop ratings and expectations of...Reuters
Tue, Jul 8
