News
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China spares major cognac makers from EU brandy dumping duties
China announces duties up to 34.9% on EU brandy producersDuties come into effect on Saturday for five yearsMajor cognac producers spared if they sell at minimum priceCognac makers say caught in wider dispute over China-made EVsEU says tariffs are unfair, unjustifiedBy Casey Hall and Tassilo Hummel ...Reuters
Sat, Jul 5
OPEC+ considers raising oil output by 550,000 bpd in August, sources say
LONDON, July 5 (Reuters) - OPEC+ will consider raising oil output by around 550,000 barrels per day in August at its meeting on Saturday, up from the monthly increases of 411,000 bpd it approved for May, June and July, two sources familiar with the discussions said.Reuters
Sat, Jul 5
EU to stockpile critical minerals amid geopolitical risks, FT says
July 5 (Reuters) - The European Union plans to stockpile critical minerals as a precaution against potential supply disruptions due to geopolitical tension, the Financial Times reported on Saturday, citing a draft document by the European Commission."The EU faces an increasingly complex and dete...Reuters
Sat, Jul 5
At least 24 dead in Texas flash flooding; two dozen young campers missing
Authorities search for girls from Christian summer camp Guadalupe River transformed into life-threatening torrentJuly Fourth fireworks shows canceled across rain-soaked regionBy Steve GormanJuly 4 (Reuters) - Torrential rains unleashed flash floods along the Guadalupe River in Texas on Friday, killi...Reuters
Sat, Jul 5
Trump says tariff letters to 12 countries signed, going out Monday
Trump says letters better than complicated negotiationsTalks with EU, India have not resulted in agreements thus farOnly Britain, Vietnam reached trade dealsBy Andrea Shalal July 4 (Reuters) - U.S. President Donald Trump said he had signed letters to 12 countries outlining the various tariff leve...Reuters
Sat, Jul 5
EU plans to stockpile critical minerals amid geopolitical risks, Financial Times reports
July 5 (Reuters) - The European Union plans to stockpile critical minerals as a precaution against potential supply disruptions due to geopolitical tension, the Financial Times reported on Saturday.Reuters
Sat, Jul 5
Trump says tariff letters to 12 countries signed, going out Monday
ABOARD AIR ONE, July 4 (Reuters) - U.S. President Donald Trump on Friday said he had signed letters to 12 countries outlining the various tariff levels they would face on their good imported into the United States.Trump told reporters aboard Air Force One that the letters would be sent out on Monday...Reuters
Sat, Jul 5
At least 13 dead in Texas flash flooding; 20-plus young campers missing
Authorities search for girls from Christian summer camp Guadalupe River transformed into life-threatening torrentJuly Fourth fireworks shows canceled across rain-soaked regionBy Steve GormanJuly 4 (Reuters) - Torrential rains unleashed deadly flash floods along the Guadalupe River in south-central T...Reuters
Sat, Jul 5
CANADA-CRUDE-Discount on Western Canada Select unchanged
July 4 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 was unchanged on Friday.WCS for August delivery in Hardisty, Alberta, settled at $10.30 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, flat on Thursda...Reuters
Fri, Jul 4
Power cut for a time to Ukraine's Zaporizhzhia nuclear plant; Kyiv blames Russian strike
Management of Russian-occupied station says power restoredUkrainian minister says Russian shelling caused the outageUkrainian energy distribution company says it restored powerVIENNA, July 4 (Reuters) - All external power lines supplying electricity to the Russian-occupied Zaporizhzhia Nuclear Power...Reuters
Fri, Jul 4
Officials confirm deaths after flash floods in central Texas
July 4 (Reuters) - Several people were missing and an unconfirmed number of people had died after torrential rains caused flash floods in central Texas on Friday, according to local authorities.The U.S. National Weather Service issued a flash flood emergency advisory for the Llano River in Mason Cou...Reuters
Fri, Jul 4
ICE canola futures finish upward week with flat Friday
WINNIPEG, Manitoba, July 4 (Reuters) - ICE canola futures ended up for the week but near flat on Friday, with U.S. markets closed for a holiday. • Monday and Wednesday saw big gains, following the lead of Chicago soyoil, with Tuesday's Canada Day holiday seeing the Winnipeg market closed. • Nove...Reuters
Fri, Jul 4
Peru ramps up fight against illegal mining, kicks most informal miners off permit scheme
Peru cuts over 50,500 miners from formalization programGovernment vows crackdown on illegal miningSmall-scale miners threaten to escalate protestsBy Marco Aquino LIMA, July 4 (Reuters) - Peru's government has kicked 50,565 informal miners off a temporary program that allowed them to continue ...Reuters
Fri, Jul 4
OPEC+ may further accelerate oil output hikes on Saturday, sources say
OPEC+ accelerated output hikes for May, June and JulyMeeting to decide August output moved to Saturday, sources sayAugust hike of more than 411,000 bpd is possible, sources sayBy Ahmad Ghaddar, Alex Lawler, Dmitry ZhdannikovLONDON, July 4 (Reuters) - OPEC+ may make an increase in oil output for Augu...Reuters
Fri, Jul 4
OPEC+ may make larger oil output hike on Saturday, sources say
LONDON, July 4 (Reuters) - OPEC+ may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it made for May, June and July, three sources familiar with OPEC+ talks told Reuters.Reuters
Fri, Jul 4
Oil falls slightly ahead of expected OPEC+ output increase
OPEC+ expected to boost output in AugustIran reaffirms commitment to nuclear nonproliferation treatyUS tariff risks resurface as July 9 deadline loomsBy Amanda Stephenson CALGARY, July 4 (Reuters) - Oil futures slipped slightly in thin holiday trading on Friday, as the market looked ahead to this...Reuters
Fri, Jul 4
Gold price shines as USD slips, trade war fuels safe-haven demand
Gold price resumes its uptrend on Friday, poised to print gains of over 1.50% for the week as the US Dollar is on the back foot amid thin liquidity conditions following the closure of US markets in celebration of Independence Day. A slight escalation of the trade war boosted bullion prices.
Fxstreet
Fri, Jul 4
US trade deal eludes Europe days out from Trump’s deadline, sources say
EU seeks to extend status quo to avoid tariff hikesUS tariffs on EU imports could rise to 20% without agreementEU considers countermeasures worth 72 billion euros after lobbyingBy Philip Blenkinsop and Julia Payne BRUSSELS, July 4 (Reuters) - European Union negotiators have failed so far to achie...Reuters
Fri, Jul 4
