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India's Modi seeks closer ties on Asia tour to offset fallout from US tariffs
Indian PM set to meet leaders of Japan, China and RussiaVisit comes amid backdrop of rising trade tension with U.S.Japan expected to pledge investments of up to $68 billionChina visit is Modi's first in more than seven yearsIndia eyes deeper ties on critical minerals, manufacturingBy Krishna N. ...Reuters
18 minutes ago
ASIA COFFEE-Tepid trade in Vietnam on low supplies, Indonesia premiums fall
By Phuong Nguyen and Mas Alina ArifinHANOI, Aug 28 (Reuters) - Trading activity in Vietnam was sluggish this week amid low supplies at the end of the crop season and soft demand, while premiums in Indonesia fell as weather conditions improved in the coffee-growing area, traders said on Thursday. In ...Reuters
24 minutes ago
Novatek's Ust-Luga repairs could take months, sources say
MOSCOW/SINGAPORE/HOUSTON, Aug 28 (Reuters) - Russian energy company Novatek's NVTK.MM repairs to damage caused by a fire at its complex in the Baltic port of Ust-Luga are likely to take several months, four market sources said on Thursday.Debris from a destroyed Ukrainian drone started the fire ...Reuters
24 minutes ago
Mexico set to clear more Brazilian meatpacking plants for shipments, official says
By Kylie Madry MEXICO CITY, Aug 28 (Reuters) - Mexican authorities will kick off audits of 14 Brazilian meatpacking plants next month to clear them to send exports to Mexico, Luis Rua, secretary of trade at Brazil's agriculture ministry, told Reuters.WHY IT'S IMPORTANT In August, Mexico o...Reuters
34 minutes ago
Oil falls as end of driving season looms, Druzhba restarts
Crude falls after 1% gain in previous sessionUS demand to ease at the end of summer driving seasonRussian oil supplies through Druzhba pipeline restartIndian buying pattern of Russian oil in focus By Alex Lawler LONDON, Aug 28 (Reuters) - Oil fell on Thursday after rising in the previous session,...Reuters
50 minutes ago
Gold Price Forecast: XAU/USD trades firmly near $3,400, sees resistance around $3,440
Gold price (XAU/USD) holds onto gains near $3,400 during the European trading session on Thursday. The precious metal demonstrates strength as traders are increasingly confident that the Federal Reserve (Fed) will cut interest rates in the September monetary policy meeting.
Fxstreet
51 minutes ago
Russia says it put out fire at large oil refinery after latest Ukrainian drone attack
MOSCOW, Aug 28 (Reuters) - Russia said on Thursday that a fire at an oil refinery in its southern Krasnodar region had been put out after a Ukrainian drone attack, part of a rolling campaign by Kyiv to strike the most important sector of President Vladimir Putin's economy. Kyiv has this mont...Reuters
an hour ago
EUROPE GAS-Prices fall as wind and LNG supply offset lower Norway flows
Aug 28 (Reuters) - Dutch and British wholesale gas prices traded lower early on Thursday as wind power generation curbed gas-for-power demand and increased liquefied natural gas arrivals offset reduced supplies from Norway.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 1...Reuters
an hour ago
Volatility surges on China oil futures after US sanctions Yangshan port
US sanctions Yangshan port for handling Iranian oilFuel oil, crude deliveries into Yangshan port in questionSHFE fuel oil, INE crude futures jumpBy Jeslyn Lerh, Chen Aizhu and Siyi Liu SINGAPORE, Aug 28 (Reuters) - Volatility increased in Chinese crude and fuel oil futures markets this week on co...Reuters
2 hours ago
Silver Price Forecast: XAG/USD surges toward $39.00 as Fed rate cut bets increase
Silver price (XAG/USD) rises more than 0.5%, trading around $38.80 per troy ounce during the early European hours on Thursday. The price of the non-yielding Silver gains ground amid rising odds of US Federal Reserve (Fed) interest rate cuts.
Fxstreet
2 hours ago
US tariffs to worsen India solar panel glut as domestic bidding slows
Analysts expect solar panel glut in India by 2026US tariffs, potential duties to choke Indian exportsIndia using cheap Chinese cells to boost production of panelsLocal purchase rules for cells by June to drive up panel pricesBy Sudarshan Varadhan and Sethuraman N R SINGAPORE/NEW DELHI, Aug 28 (Re...Reuters
2 hours ago
METALS-LME copper rises as improving Chinese industrial profits counter dollar pressure
By Lucas Liew Aug 28 (Reuters) - Three-month copper on the London Metal Exchange gained on Thursday, 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 0.42% to $9,796.5...Reuters
2 hours ago
India extends cotton import duty exemption amid US tariff pressure
By Rajendra Jadhav and Nikunj Ohri MUMBAI/NEW DELHI, Aug 28 (Reuters) - India has extended an import duty exemption on cotton by three months, until the end of December, a government order showed on Thursday, as New Delhi seeks to support the local garment industry that has been hit by hefty U.S....Reuters
3 hours ago
South Korea minister says agreed with US to discuss nuclear fuel reprocessing
SEOUL, Aug 28 (Reuters) - South Korean Foreign Minister Cho Hyun said on Thursday that the U.S. and South Korea agreed to discuss nuclear fuel reprocessing following a summit between U.S. President Donald Trump and South Korean President Lee Jae Myung this week. "We operate 26 nuclear power pla...Reuters
3 hours ago
South Korea minister says agreed with US to discuss nuclear fuel reprocessing
SEOUL, Aug 28 (Reuters) - South Korean Foreign Minister Cho Hyun said on Thursday that the U.S. and South Korea agreed to discuss nuclear fuel reprocessing following a summit between U.S. President Donald Trump and South Korean President Lee Jae Myung this week. "We operate 26 nuclear power pla...Reuters
3 hours ago
EXPLAINER-What role do farm products have in US-China trade deal?
By Ella Cao, Naveen Thukral and Lewis Jackson BEIJING/SINGAPORE, Aug 28 - Grains traders globally are closely watching talks between the United States and China for signs of progress on agricultural tariffs, a key test for American farmers to regain a foothold in their top export market.Senior Ch...Reuters
3 hours ago
GRAINS-Wheat rises from one-week low, ample supplies limit gains
Australia's wheat production forecast raised due to improved conditionsCorn rises for first time in four sessionsU.S.-China talks may impact soybean market focusBy Naveen Thukral SINGAPORE, Aug 28 (Reuters) - Chicago wheat futures ticked higher on Thursday, with the market regaining some grou...Reuters
3 hours ago
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.36 per barrel, down from Wednesday’s close at $63.67.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.85 after its previous daily close at $67.19.
Fxstreet
3 hours ago
PRESS DIGEST- New York Times business news - Aug 28
Aug 28 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The U.S. Food and Drug Administration approved updated Covid vaccines for the fall season and limited who can get the shots, the f...Reuters
3 hours ago
TECHNICALS-CBOT soybeans may test support at $10.40-1/2
For more technical analyses, please click SINGAPORE, Aug 28 (Reuters) - The CBOT soybean November contract SX25 may test support at $10.40-1/2 per bushel, a break below which could cause a fall into the $10.32-1/2 to $10.35-1/2 range.The uptrend from $9.81-1/4 is believed to have reversed. Three wav...Reuters
3 hours ago
