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PRESS DIGEST-Canada - July 4
July 4 (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 MAIL** The private-equity arm of Brookfield Asset Management BAM.TO has sold stakes worth $690 million in three of...Reuters
Fri, Jul 4
Gold firms as Trump's tax bill, tariff risks fuel safe-haven demand
Gold (XAU/USD) is trading higher on Friday as news about United States (US) President Donald Trump’s passage of the “Big, Beautiful, Bill” filters through markets. With markets closed in the US in celebration of Independence Day, XAU/USD is trading above $3,330 at the time of writing.
Fxstreet
Fri, Jul 4
France's Avril signs deal to buy rapeseed plant from Valtris
PARIS, July 4 - French agrifood group Avril said on Friday it had signed an exclusivity agreement with U.S.-based Valtris Specialty Chemicals to acquire a rapeseed processing plant in eastern France, amid growing consolidation among European rivals.The facility processes around 400,000 metric tons o...Reuters
Fri, Jul 4
PRECIOUS-Gold poised for weekly gain on dollar weakness, safe-haven demand
US Congress passes massive tax-cut and spending billGold up 1.9% so far this weekPlatinum heads for fifth weekly riseBy Brijesh Patel July 4 (Reuters) - Gold prices rebounded on Friday and were heading for a weekly gain, helped by a retreat in the U.S. dollar and safe-haven inflows, as U.S. Presi...Reuters
Fri, Jul 4
RPT-BREAKINGVIEWS-War for Chinese talent is next trade flashpoint
By Robyn Mak HONG KONG, July 4 (Reuters Breakingviews) - The United States' trade war with China has so far focused on electronics, cars and other goods. But a new front may be emerging: talent. Contract-manufacturer Foxconn 2317.TW has told hundreds of Chinese engineers and technicians in it...Reuters
Fri, Jul 4
GLOBAL LNG-Asian spot prices fall on weak demand and rising supply
By Emily Chow SINGAPORE, July 4 (Reuters) - Asian spot liquefied natural gas (LNG) eased this week as subdued demand, rising supply and ample inventories weighed on prices, while the ceasefire between Israel and Iran reduced risk premiums. The average LNG price for August delivery into north-east...Reuters
Fri, Jul 4
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
Fri, Jul 4
Revised EU quotas on Ukrainian food imports are step backward, farm lobby says
KYIV, July 4 (Reuters) - European Union's revised quotas for agricultural imports from Ukraine this year are low relative to 2024 volumes, Ukrainian farm lobby UCAB told Reuters on Friday, adding that it regarded the reduction as a step backward.Ukraine is a major global grower and exporter of g...Reuters
Fri, Jul 4
OPEC+ brings policy meeting forward to Saturday, sources say
LONDON, July 4 (Reuters) - A group of eight OPEC+ producers will hold a virtual meeting to decide on output policy on Saturday, July 5, a day earlier than originally planned, two sources from the group said on Friday. The group, which includes Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazak...Reuters
Fri, Jul 4
Reduced EU quotas on Ukrainian food imports are step backward, farm lobby UCAB says
KYIV, July 4 (Reuters) - European Union quotas for agricultural imports from Ukraine this year are too low relative to 2024 volumes, Ukrainian farm lobby UCAB told Reuters on Friday, adding that it regarded the reduction as a step backward."We see this as a step back, given the fact that current...Reuters
Fri, Jul 4
EXCLUSIVE-Saudi Aramco considers power assets sale to raise billions, sources say
Aramco plans to sell power assets to raise cash, sources sayRiyadh presses Aramco to boost profits, sources sayAramco could raise $4 billion from power plants sale, sources sayOther asset sales may include port infrastructure, sources sayBy Federico Maccioni and Yousef Saba DUBAI, July 4 (Reuters...Reuters
Fri, Jul 4
EUROPE GAS-Prices in narrow range on stronger wind, healthy supply
LONDON, July 4 (Reuters) - Dutch and British wholesale gas prices were trading in a narrow range on Friday morning due to healthy supply and stronger wind output forecasts.The benchmark Dutch contract for August delivery at the TTF hub TRNLTTFMc1 edged up by 0.08 euro to 33.83 euros per megawatt hou...Reuters
Fri, Jul 4
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 EU-China trade dispute over EVsBy Casey Hall SHANGHAI, July 4 (Reuters) - China spared major cogn...Reuters
Fri, Jul 4
METALS-Copper prices off multi-month highs, potential US tariffs on metal in focus
By Hongmei LiSINGAPORE, July 4 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange receded from multi-month highs on Friday, though SHFE copper notched a weekly gain, while traders looked out for potential U.S. tariffs on copper imports.Three-month copper CMCU3 on th...Reuters
Fri, Jul 4
China navigates delicate US truce while affirming trade consensus
China says it and US are working to implement trade consensusChina calls consensus 'hard-won', urges US not to destabilise itBeijing confirms US has lifted some export curbs China reviewing, approving export licenses for controlled itemsBeijing warns others not to make deals with US at its e...Reuters
Fri, Jul 4
Indonesia offers to buy U.S. aircraft, wheat in tariff negotiation
JAKARTA, July 4 (Reuters) - Indonesia will offer to step up purchases of aircraft by state carrier Garuda Indonesia GIAA.JK and wheat by instant noodle giant Indofood INDF.JK, in tariff talks with the United States, its chief economics minister told Reuters. Airlangga Hartarto, who is also the South...Reuters
Fri, Jul 4
