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BREAKINGVIEWS-India can use US squeeze to demand more from China
By Shritama Bose MUMBAI, Aug 28 (Reuters Breakingviews) - U.S. President Donald Trump's quest to reorder global trade is having unlikely effects. Indian Prime Minister Narendra Modi will visit the northern Chinese port city of Tianjin next week on his first trip to the People's Repub...Reuters
16 minutes ago
METALS-LME copper rises as improving Chinese industrial profits offset pressure from dollar
By Lucas Liew Aug 28 (Reuters) - Three-month copper on the London Metal Exchange gained ground on Wednesday, as signs of improving profitability among China's industrial firms outweighed pressure from a stronger U.S. dollar.Three-month copper on the London Metal Exchange CMCU3 rose 0.38% to ...Reuters
41 minutes ago
Lynas flags uncertainty over Texas rare earths plant, posts profit slump
Lynas warns of uncertainty in progress of Texas plantCompany looks to tie up with magnet makers Annual profit drops more than 90% Company launches A$750 million equity raising MELBOURNE, Aug 28 (Reuters) - Australia's Lynas Rare Earths LYC.AX warned of considerable uncertainty over the future...Reuters
57 minutes ago
PRESS DIGEST-British Business - Aug 28
Aug 28 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- The UK Treasury is considering a tax increase for landlords in an attempt to boost revenue by targeting "unea...Reuters
58 minutes ago
Gold attracts some sellers amid profit-taking, US GDP data in focus
The Gold price (XAU/USD) trades in negative territory during the Asian trading hours on Thursday. The precious metal retreats from a three-week high near $3,400 amid a rebound in the US Dollar (USD) and some profit-taking.
Fxstreet
an hour ago
PRESS DIGEST- Financial Times - August 28
Aug 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Mike Ashley's Frasers Group bets on mini golf and trampolining- Ex-central banker set to chair fintech N26 in leadership shake-up- ...Reuters
an hour ago
Japanese Companies, Including Mitsui And Mitsubishi Corporation, Have Invested In Us Nuclear Fusion Startup Commonwealth Fusion Systems, Nikkei Reports
Aug 28 (Reuters) - Mitsui & Co Ltd 8031.T:JAPANESE COMPANIES, INCLUDING MITSUI AND MITSUBISHI CORPORATION, HAVE INVESTED IN US NUCLEAR FUSION STARTUP COMMONWEALTH FUSION SYSTEMS, NIKKEI REPORTSSource text: [ID:]Reuters
an hour ago
Oil slips as market weighs end of US summer driving and India supply dilemma
By Sam Li and Siyi Liu Aug 28 (Reuters) - Oil prices fell on Thursday as investors weighed the outlook for U.S. fuel demand with the end of the summer driving season near, while assessing potential crude supply shifts as India faces punishing U.S. tariffs for importing Russian oil. Brent crude f...Reuters
2 hours ago
GRAINS-Wheat rises from one-week low, ample supplies limit gains
SINGAPORE, Aug 28 (Reuters) - Chicago wheat futures ticked higher on Thursday, with the market regaining some ground after dropping to a one-week low in the last session, although expectations of bumper supplies limited gains.Corn rose for the first time in four sessions, while soybeans were largely...Reuters
2 hours ago
CIF/FOB Gulf Grain-Soy barge bids firm, freight costs eyed; corn flat
CHICAGO, Aug 27 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals firmed slightly on Wednesday amid exporter demand and rising freight costs in some locations, traders said. Empty barges available for this week on the Illinois River were offered on Wednesday at 625% o...Reuters
3 hours ago
Brazil approves temporary antidumping measures against Canadian, US polyethylene resins
SAO PAULO, Aug 27 (Reuters) - Brazil trade panel Gecex/Camex approved on Wednesday temporary antidumping measures against the imports of polyethylene resins from Canada and the United States, according to the Ministry of Development, Industry, Trade and Services.The ministry's statement did not ...Reuters
3 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 28 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$67.53/$67.05res $68.12/$68.49Palm oil (3rd month)4,455/4,421 ringgitres 4,509/4,542/4,563 ringgitWTI* (1st mth)$63.46/$63.27res $64.03/$64.28/$64.60Spot gold$3,406/$3,4...Reuters
3 hours ago
REFILE-Australia's Lynas posts over 90% fall in annual profit; to raise $487 million
Aug 28 (Reuters) - Australia's Lynas Rare Earths LYC.AX posted a more than 90% fall in its full-year profit on Thursday, hurt by depreciation from its Kalgoorlie and Mt Weld facility expansion, while announcing an A$750 million ($487.35 million) equity raising.The world's largest rare earths...Reuters
4 hours ago
Mexico reports 53% increase in flesh-eating screwworm cases since July
By Heather Schlitz and Cassandra Garrison Aug 27 (Reuters) - Mexico has recorded 5,086 cases of flesh-eating screwworm in animals as of August 17, a 53% jump from the number of cases reported in July, according to Mexican government data seen by Reuters on Wednesday.The updated numbers, which hav...Reuters
4 hours ago
LIVESTOCK-Cattle futures climb on tight supplies
CHICAGO, Aug 27 (Reuters) - Chicago Mercantile Exchange cattle futures rose to contract highs on Wednesday as a tight cattle supply continues to support prices.CME October live cattle futures LCV25 reached contract highs before settling up 1.325 cents at 239.525 cents per pound. September feeder cat...Reuters
5 hours ago
Gold Reserve moves to have rival Elliott bid for Citgo parent disqualified, filing says
Court officer must submit new recommendation of winner on FridayGold Reserve says Elliott affiliate Amber's bid is contrary to court ordersSiemens Energy joins Gold Reserve's motion to disqualify bidBy Marianna Parraga HOUSTON, Aug 27 (Reuters) - Gold Reserve GRZ.V on Wednesday filed a mo...Reuters
5 hours ago
Gold Reserve moves to have rival Elliott bid for Citgo parent disqualified, filing says
HOUSTON, Aug 27 (Reuters) - Miner Gold Reserve GRZ.V on Wednesday filed a motion to disqualify a rival bid from an affiliate of hedge fund Elliott Investment Management that a Delaware court this month selected as frontrunner in an auction for Citgo Petroleum's parent, according to a court docum...Reuters
6 hours ago
GRAINS-Wheat falls on favorable weather in growing regions
Corn prices down on lower demandWheat falls on favorable weatherSoybeans drop on large suppliesBy Renee Hickman CHICAGO, Aug 27 (Reuters) - Chicago wheat futures lost ground on Wednesday, with prices weighed down by large global harvests, favorable weather in growing areas, and a strong U.S. doll...Reuters
7 hours ago
Green Plains Enters Into Agreement To Sell Obion, Tennessee Plant To Poet
Aug 27 (Reuters) - Green Plains Inc GPRE.O:GREEN PLAINS ENTERS INTO AGREEMENT TO SELL OBION, TENNESSEE PLANT TO POETGREEN PLAINS INC - TO SELL TENNESSEE ETHANOL PLANT FOR $190 MILLIONGREEN PLAINS INC - PROCEEDS TO RETIRE JUNIOR MEZZANINE DEBT DUE IN 2026GREEN PLAINS INC - CONCLUDES STRATEGIC REVIEW ...Reuters
7 hours ago
Canada's Hudbay Minerals resumes operations in Snow Lake after evacuation orders lifted
Aug 27 (Reuters) - Canadian mining company Hudbay Minerals HBM.TO on Wednesday said it has resumed operations in Snow Lake, Manitoba, following the decision made by the authorities to lift the mandatory evacuation order on August 22.The company said that there has been no structural damage to its on...Reuters
7 hours ago
