News
Important Only
Stellantis paid $190.6 million in US fuel economy penalties this year, agency says
By David Shepardson Aug 26 (Reuters) - Chrysler-parent Stellantis paid $190.6 million in penalties this year for not meeting U.S. fuel economy requirements, according to a government report and the Italian-U.S. automaker. The National Highway Traffic Safety Administration said in an annual report...Reuters
8 minutes ago
Stellantis paid $190.6 million in US fuel economy penalties this year, agency says
Aug 26 (Reuters) - Chrysler-parent Stellantis paid $190.6 million in penalties this year for not meeting U.S. fuel economy requirements, according to a government report and the Italian-American automaker. The National Highway Traffic Safety Administration said in an annual report that Stellantis pa...Reuters
37 minutes ago
METALS-Copper hits two-week high as Trump's row with Fed heats up
By Pratima Desai LONDON, Aug 26 (Reuters) - Copper prices hit two-week highs on Tuesday after U.S. President Donald Trump's announcement he would remove Federal Reserve Governor Lisa Cook boosted expectations of U.S. interest rate cuts next month and weakened the dollar.A weaker U.S. currency...Reuters
51 minutes ago
EU wheat draws support from strong Russian prices
PARIS/HAMBURG, Aug 26 (Reuters) - European wheat held steady on Tuesday, as firm prices in Russia, its main competitor on the export market, offset the bearish impact of ample supplies and a rise in the euro EUR=.December wheat BL2Z5, the most-active contract on the Paris-based Euronext exchange, wa...Reuters
54 minutes ago
Europe Gasoline/Naphtha-Gasoline profit slide on waning demand
LONDON, Aug 26 (Reuters) - Northwest European gasoline profit margins fell sharply by nearly $2 to $15.61 a barrel on Tuesday, as trading activity dried up. Gunvor sold the only Eurobob E5 barge in the session to Trafigura.An additional 12,000 metric tons of Eurobob E10 barges traded, with Shell and...Reuters
55 minutes ago
Critical Metals signs agreement to supply rare earth to US government-funded facility
Aug 26 (Reuters) - Critical Metals CRML.O on Tuesday said it has signed a 10-year agreement to supply heavy rare earth concentrate to Ucore Rare Metal's UCU.V U.S. government-funded Louisiana processing facility.The development-stage mining company expects to supply up to 10,000 metric tons of t...Reuters
an hour ago
Oil falls 2% from highest in almost 3 weeks, focus on Russian supply risks
Oil slips after four sessions of gainsPrices expected to remain in tight range, says analystTraders track Ukraine developments and US tariffs on IndiaBy Stephanie Kelly NEW YORK, Aug 26 (Reuters) - Oil prices fell by about 2% on Tuesday a day after surging nearly 2%, as investors watched developm...Reuters
an hour ago
Auto File -Trump sticks to his guns on tariffs
By Aditi Shah, India Autos Correspondent Aditi.shah@thomsonreuters.com Greetings from New Delhi!U.S. President Donald Trump has a favourite number – 15. His trade partners, though, would prefer a zero. In trade deals with the European Union and South Korea, Trump has stuck with his 15% tar...Reuters
an hour ago
Exxon Mobil to reconfigure key Baytown complex in US
Aug 26 (Reuters) - Top U.S. energy producer Exxon Mobil XOM.N said on Tuesday it has made a final investment decision to reconfigure its Baytown, Texas, complex to increase production of diesel and base stocks.Baytown, one of the company's largest integrated refining and petrochemical complexes,...Reuters
2 hours ago
US natgas extends losses as mild weather, ample supply weigh
LNG feedgas near record highs, though Corpus Christi plant cuts demandPrices hit lowest level since November 4 on Monday U.S., Russian officials discussed LNG equipment deals during Ukraine talks, sources sayBy Sherin Elizabeth Varghese Aug 26 (Reuters) - U.S. natural gas futures fell for a third...Reuters
3 hours ago
US truck makers look for cover as Trump's tariffs raise costs
Import levies drive up costs for U.S. truck makersTariffs add 2–4% to per-unit truck costs, ACT Research reportsBy Abhinav Parmar Aug 26 (Reuters) - The Trump administration's tariffs have raised manufacturing costs for the $50 billion U.S. heavy-duty truck industry, prompting companies to co...Reuters
3 hours ago
UN post agency says 25 states suspend US shipments
By Emma FargeGENEVA, Aug 26 (Reuters) - A U.N. agency responsible for the postal sector said on Tuesday that 25 of its member states have suspended goods consignments to the United States amid uncertainty after President Donald Trump's administration scrapped a customs tax rule that exempted sma...Reuters
3 hours ago
Thyssenkrupp defence unit short-listed in Canadian submarine deal, PM says in Berlin
Canada PM on inaugural visit to Berlin on European tourBerlin, Ottawa to cooperate more on critical mineralsThyssenkrupp finalist for Canadian submarine dealBy Riham Alkousaa and Sarah MarshBERLIN, Aug 26 (Reuters) - The Canadian Prime Minister announced Tuesday that a German-Norwegian partnership i...Reuters
3 hours ago
CBOT Trends-Wheat up 1-2 cents, corn mixed, soy up 5-7
CHICAGO, Aug 26 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday. WHEAT - Up 1 to 2 cents per bushelWheat futures Wv1 ticked up as the U.S. Department of Agriculture showed a s...Reuters
4 hours ago
Elliott affiliate emerges as frontrunner in Citgo auction, filing says
Gold Reserve's Dalinar has 3 days to improve its bidAmber offers $5.86 billion to creditors in the auctionAmber also offers $2.86 billion to resolve claims against Citgo's parent By Marianna Parraga HOUSTON, Aug 26 (Reuters) - A U.S. court officer said on Monday an affiliate of hedge fund...Reuters
4 hours ago
Natural gas flow to Cheniere's Corpus Christi LNG plant reduced on Tuesday, LSEG data show
HOUSTON, Aug 26 (Reuters) - Cheniere Energy's LNG.N Corpus Christi LNG plant in south Texas was pulling half its usual amount of natural gas on Tuesday, according to data from financial firm LSEG, suggesting one of its plants could be down.The plant is one of the largest in the United States and...Reuters
4 hours ago
Natural gas flow to Cheniere's Corpus Christi LNG plant reduced on Tuesday, LSEG data show
HOUSTON, Aug 26 (Reuters) - Cheniere Energy's LNG.N Corpus Christi LNG plant in south Texas was pulling half its usual amount of natural gas on Tuesday, suggesting one of its plants could be down, according to data from financial firm LSEG.Reuters
4 hours ago
India backs Quad group ahead of Modi’s Japan visit amid strained US ties
Modi to visit Japan August 29-30Visit takes place with India-US ties strained by tariffs Critical minerals cooperation a priority for India and Japan Modi may announce new initiatives with Japan Modi to then make first China visit in over seven yearsBy Krishna N. Das NEW DELHI, Aug 26 (Reuters) -...Reuters
5 hours ago
Rare earth prices hit two-year peak after MP Materials stops China shipments
By Eric Onstad and Amy Lv LONDON/BEIJING, Aug 26 (Reuters) - Prices of two rare earth elements needed for super-strong magnets have surged to their highest in more than two years after U.S. miner MP Materials MP.N stopped raw material exports to leading magnet maker China amid rising demand.China...Reuters
5 hours ago
