News
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Deal to end US government shutdown strikes buzzy cannabis drinks industry
By Jessica DiNapoli NEW YORK, Nov 13 (Reuters) - The agreement to end the longest-ever U.S. government shutdown includes a provision to stop the spread of intoxicating cannabis-infused beverages sold in some U.S. states, which pose a threat to alcohol sales.The provision, introduced by Senator Mi...Reuters
Thu, Nov 13
Trump administration prepares tariff exemptions in bid to lower food prices, NYT reports
Nov 13 (Reuters) - U.S. President Donald Trump's administration is preparing broad exemptions to certain tariffs in an effort to ease elevated food prices, the New York Times reported on Thursday, citing three people briefed on the actions.The change would apply to certain reciprocal tariffs Tru...Reuters
Thu, Nov 13
Rio Tinto signs 15-year renewable power deal with U.S. based TerraGen
Nov 14 (Reuters) - Rio Tinto RIO.AX said on Friday its Kennecott operation in Utah, U.S., has signed a 15-year virtual power purchase agreement with TerraGen to source renewable energy from a new wind farm in Texas.Under the deal, Rio Tinto will buy 78.5 megawatts (MW) of power from TerraGen's 2...Reuters
Thu, Nov 13
US airlines reduce flight cuts for Friday despite 6% FAA order
By David ShepardsonWASHINGTON, Nov 13 (Reuters) - U.S. airlines have cut far fewer flights for Friday than the requirement that they cut 6% of domestic flights at the 40 busiest American airports, according to aviation analytics firm Cirium and airline officials.The Federal Aviation Administration l...Reuters
Thu, Nov 13
Morgan Stanley questioned by US House panel over Zijin Gold IPO in Hong Kong
By Karen Freifeld and Kanishka Singh NEW YORK, Nov 13 (Reuters) - Morgan Stanley's MS.N underwriting of Zijin Gold International's 2259.HK Hong Kong IPO placed it and its U.S. investors at risk of regulatory, financial and reputational harm, a U.S. House of Representatives committee told ...Reuters
Thu, Nov 13
Phillips 66 Borger Refinery Reports Emissions During Startup Activities
Nov 13 (Reuters) - PHILLIPS 66: REPORTS EMISSIONS DURING STARTUP ACTIVITIES OF THE U29 FCCU AT BORGER, TEXAS REFINERY REPORTS EVENT BEGAN ON NOV. 12 AT 04:00 AND WAS NOT DISCOVERED UNTIL NOV. 13 12:00REPORTS OPERATIONS IS WORKING TO MINIMIZE EMISSIONS BY FOLLOWING STARTUP PROCEDURESSOURCE: TEXAS COM...Reuters
Thu, Nov 13
CANADA-CRUDE-Discount on Western Canada Select widens
Nov 13 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Thursday.WCS for December delivery in Hardisty, Alberta, settled at $11.70 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesday...Reuters
Thu, Nov 13
US Plains HRW Wheat-Spot basis bids flat with trade quiet
CHICAGO, Nov 13 (Reuters) - Basis bids for hard red winter wheat were unchanged in the U.S. Plains on Thursday.Chicago Board of Trade wheat futures closed fractionally lower on Thursday, pressured by ample global supplies including a record-large Argentine harvest, while strength in corn and soybean...Reuters
Thu, Nov 13
US to lower tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
WASHINGTON, Nov 13 (Reuters) - The United States will remove tariffs on some food and other imports from Argentina, Ecuador, Guatemala and El Salvador under framework trade agreements announced on Thursday, a senior Trump administration official said.The agreements are expected to help lower prices ...Reuters
Thu, Nov 13
Siemens Energy to pay first dividend in four years, raises mid-term outlook
Recommends dividend of 0.70 euros per shareSiemens Energy raises 2028 targetsFrankfurt-listed shares turn positiveBy Christoph Steitz and Tom KäckenhoffBERLIN/DUESSELDORF, Nov 13 (Reuters) - Germany's Siemens Energy ENR1n.DE plans to pay its first dividend in four years, it said on Thursday, als...Reuters
Thu, Nov 13
Logistics service firm Armlogi's Q1 net loss widens
OverviewArmlogi fiscal Q1 revenue rises 16.5% yr/yr, driven by strong demand for servicesNet loss for fiscal Q1 widens to $6.5 mln from $4.6 mln last yearGross loss improves despite freight cost pressures, reflecting operational progressOutlookCompany to focus on maximizing expanded warehouse networ...Reuters
Thu, Nov 13
Deals of the day-Mergers and acquisitions
Nov 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Thursday:*U.S. private equity giant Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.nL1N3WP0Z9 Auto par...Reuters
Thu, Nov 13
CORRECTED-Beazer Homes Q4 net income falls 42.4% on lower margins
OverviewBeazer Homes fiscal 2025 homebuilding revenue rose 0.4%Net income for fiscal Q4 2025 fell 42.4% year-over-yearCompany repurchased $33.1 mln of common stock in fiscal 2025OutlookBeazer Homes expects to reach over 200 active communities by fiscal 2027Result DriversCLOSINGS AND ASP - Homebuildi...Reuters
Thu, Nov 13
US Cash Crude-Mars Sour firms as Brent/WTI spread widens
Nov 13 (Reuters) - Mars Sour largely firmed on Thursday, dealers said, as the discount between Brent and U.S. West Texas Intermediate crude widened for a fourth straight session.Mars gained 25 cents, while WTI Midland was unchanged. The spread between Brent and WTI widened to minus $4.37 earlier in...Reuters
Thu, Nov 13
White House releases framework agreed between US and Ecuador on trade
WASHINGTON, Nov 13 (Reuters) - The U.S. has agreed to a framework on trade with Ecuador, wherein Ecuador will reduce or eliminate tariffs in key sectors for the United States, the White House said on Thursday."Ecuador has committed to reduce or eliminate tariffs in key sectors for the United Sta...Reuters
Thu, Nov 13
EZCORP Q4 adjusted EPS beats estimates driven by higher pawn service charge
OverviewPawn transactions provider EZCORP Q4 revenue rises 14% to $336.8 mln, driven by higher pawn service chargesAdjusted EPS for Q4 beats analyst estimates, rising 36% to $0.34Adjusted EBITDA for Q4 increases 33% to $47.9 mln, exceeding analyst expectationsOutlookEZCORP plans to focus on high-ret...Reuters
Thu, Nov 13
White House hosts oil, biofuel talks as Trump administration nears decision on refinery waivers
White House meets refiners and biofuel producers over waiver disputesTalks include year-round E15 and waiver reformsBiofuel groups push for waived gallons to be made upBy Jarrett RenshawNov 13 (Reuters) - The White House this week held separate meetings with oil refiners and biofuel producers as it ...Reuters
Thu, Nov 13
CBOT wheat ends fractionally lower on ample supplies; USDA data awaited
CHICAGO, Nov 13 (Reuters) - Chicago Board of Trade wheat futures closed fractionally lower on Thursday, pressured by ample global supplies including a record-large Argentine harvest, while strength in corn and soybean futures underpinned the market, traders said.CBOT December soft red winter wheat W...Reuters
Thu, Nov 13
Goldman Sachs sees global oil demand growing through 2040
Nov 13 (Reuters) - Goldman Sachs expects global oil demand to grow to 113 million barrels per day in 2040 from 103.5 mbpd in 2024, driven by rising energy needs and ongoing challenges in low-carbon technology and infrastructure, the Wall Street bank said on Thursday."We expect solid annual avera...Reuters
Thu, Nov 13
CBOT corn hits highest since June on positioning ahead of USDA data
CHICAGO, Nov 13 (Reuters) - Chicago Board of Trade corn futures rose on Thursday, with the benchmark December contract hitting a near five-month high ahead of long-awaited supply-demand reports due from the U.S. Department of Agriculture on Friday, traders said.CBOT December corn CZ25 settled up 6-1...Reuters
Thu, Nov 13
