News
Important Only
Gold Price Forecast: XAU/USD attracts some sellers to below $3,350 amid tariff uncertainty
The Gold price (XAU/USD) attracts some sellers to around $3,320 during the early Asian session on Monday. The precious metal edges lower as the US June Nonfarm Payrolls (NFP) report altered the US Federal Reserve (Fed) policy expectations.
Fxstreet
Mon, Jul 7
Death toll from Texas floods reaches 78; Trump plans visit
Ten girls and a counselor missing at a summer campSearch for survivors continues amid fears of more floodingTrump plans to visit disaster sceneQuestions arise over federal response cutsBy Sergio Flores, Rich McKay and Tim Reid HUNT, Texas, July 6 (Reuters) - The death toll from catastrophic flood...Reuters
Mon, Jul 7
OPEC+ agrees to a bigger-than-expected production increase in August - Bloomberg
The Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed on Saturday to hike their collective crude production by 548,000 barrels per day (bpd), as they continue to unwind a set of voluntary supply cuts, per Bloomberg. This is faster than the 411,000 bps expected.
Fxstreet
Sun, Jul 6
Crew rescued in Red Sea after attack on Greek vessel near Yemen, maritime security firms say
Ship attacked with gunfire and rocket-propelled grenades from small boats, missiles Fire on board after sea drone hitMaritime security sources say ship has taken on waterNo claim of responsibility; security firm says bears hallmarks of HouthisFirst such incident reported since April CAIRO/ATHENS,...Reuters
Sun, Jul 6
UK's Reeves announces National Wealth Fund investment in carbon capture
LONDON, July 7 (Reuters) - British finance minister Rachel Reeves will announce on Monday a 28.6 million pound ($39 million) investment by the National Wealth Fund in a carbon capture project that could create jobs in central and northern England.Last year, Britain said it would provide funding of u...Reuters
Sun, Jul 6
RPT-EXPLAINER-What is Japan's trade policy on rice?
By Kaori Kaneko TOKYO, July 4 (Reuters) - U.S. President Donald Trump has complained that Japan was not buying American rice, putting pressure on Tokyo as it struggles to seal a trade deal before so-called "reciprocal" tariffs are set to kick in on July 9. Tokyo has not budged on rice, a ...Reuters
Sun, Jul 6
Oil slips 1% after OPEC+ accelerates output hikes
SINGAPORE, July 7 (Reuters) - Oil prices slipped 1% at the start of trading on Monday after OPEC+ accelerated output hikes and raised concerns about oversupply.Brent crude futures LCOc1 fell 67 cents, or 1%, to $67.63 a barrel by 2308 GMT, while U.S. West Texas Intermediate crude CLc1 was at $65.80,...Reuters
Sun, Jul 6
Death toll from Texas floods reaches 69, including 21 children
Eleven girls and a counselor missing at a summer campHundreds of people rescued from floodwater in TexasBy Sergio Flores, Rich McKay, Tim Reid HUNT, Texas, July 6 (Reuters) - The death toll from catastrophic floods in Texas reached at least 69 on Sunday, including at least 21 children, as the sea...Reuters
Sun, Jul 6
Carney says new oil pipeline proposal in Canada is highly likely
July 6 (Reuters) - A new oil pipeline to the British Columbia coast is highly likely to be included on a list of projects deemed to be of national importance to the Canadian government, Prime Minister Mark Carney told the Calgary Herald newspaper in an interview published on Sunday. "I would th...Reuters
Sun, Jul 6
China studies resuming chicken imports from Brazil, minister says
By Rodrigo Viga Gaier RIO DE JANEIRO, July 6 (Reuters) - China is studying ways to soon lift its ban on imports of chicken meat from Brazil, in place since the South American nation reported a case of bird flu on a commercial farm in May, Brazilian Agriculture Minister Carlos Favaro said on Sund...Reuters
Sun, Jul 6
Suriname parliament elects Simons as first female president
Simons set to helm country on cusp of predicted oil boomShe leads party founded by former president, fugitive BouterseElection agreed in coalition deal after May voteSimons' and VP-elect Rusland's inauguration set for July 16By Ank Kuipers PARAMARIBO, July 6 (Reuters) - Suriname's par...Reuters
Sun, Jul 6
Putin says that globalisation is obsolete and the future belongs to emerging markets
MOSCOW, July 6 (Reuters) - Russian President Vladimir Putin told BRICS leaders on Sunday that the era of liberal globalisation was obsolete and that the future belonged to swiftly growing emerging markets which should enhance the use of their national currencies for trade.Putin spoke via video link ...Reuters
Sun, Jul 6
Trump signs major disaster declaration for Texas flooding response
July 6 (Reuters) - President Donald Trump on Sunday signed a major disaster declaration for Kerr County, Texas, where at least 43 people have died and dozens remain missing in flooding after torrential rains. The declaration is "to ensure that our brave first responders immediately have the reso...Reuters
Sun, Jul 6
Putin tells BRICS summit: liberal globalisation model becoming obsolete
MOSCOW, July 6 (Reuters) - Russian President Vladimir Putin told a summit of the BRICS countries on Sunday that the liberal model of globalisation was becoming obsolete. Speaking via a video link, Putin also called on the BRICS countries to step up cooperation in a range of spheres including natural...Reuters
Sun, Jul 6
Death toll from Texas flooding rises to 59, AFP reports
July 6 (Reuters) - The death toll from flash flooding in Texas has risen to 59, AFP reported on Sunday, citing a state official.The search for over two dozen children missing from a girls' summer camp hit by flash floods in Texas entered a third day on Sunday as rescuers faced the threat of more...Reuters
Sun, Jul 6
Search for Texas flood victims enters third day, with more rain forecast
Rescuers contend with the threat of more flooding on SundayDeath toll of at least 43 expected to riseConfirmed dead include at least 15 childrenBy Sergio Flores, Rich McKay and Tim Reid HUNT, Texas, July 6 (Reuters) - The search for over two dozen children missing from a girls' summer camp hi...Reuters
Sun, Jul 6
Tropical storm Chantal hits South Carolina and could bring flash floods, NHC says
July 6 (Reuters) - Tropical storm Chantal appeared to have made landfall near Litchfield Beach in the eastern state of South Carolina, the U.S. National Hurricane Center (NHC) said on Sunday.The tropical storm, which formed in the Atlantic, registered maximum sustained winds of 40 mph and is located...Reuters
Sun, Jul 6
Tropical storm Chantal hits South Carolina, moves inland with flooding threat, NHC says
July 6 (Reuters) - The U.S. National Hurricane Center said on Sunday that tropical storm Chantal has made landfall, and is now moving inland into the eastern state of South Carolina.The tropical storm, packing maximum sustained winds of 50 mph, according to the NHC, is located about 70 miles west-so...Reuters
Sun, Jul 6
Death toll from Texas floods reaches at least 43; dozens still missing
Texas officials say more than 850 have been rescuedUS official says Trump will okay state request for aidFlood waters recede along the Guadalupe RiverOfficials say they had no warning of severity of floodBy Sergio Flores, Rich McKay and Andy Sullivan HUNT, Texas, July 5 (Reuters) - At least 43 pe...Reuters
Sun, Jul 6
Soccer-Dortmund coach Kovac calls for later kickoffs after scorching Club World Cup
By Amy Tennery EAST RUTHERFORD, N.J., July 5 (Reuters) - Borussia Dortmund manager Niko Kovac called for later kickoff times after his players again laboured through scorching heat in a dramatic 3-2 defeat by Real Madrid in their Club World Cup quarter-final at 3 p.m. ET (1900 GMT) on Saturday in...Reuters
Sun, Jul 6
