News
Important Only
GRAINS-Wheat extends fall on renewed signs of ample global supplies
Australia's wheat production forecast raised due to improved conditionsCorn rises for first time in four sessionsUS-China talks may impact soybean marketBy Sybille de La Hamaide and Naveen Thukral PARIS/SINGAPORE, Aug 28 (Reuters) - Chicago wheat futures extended their fall to a new one-week ...Reuters
6 minutes ago
Sibanye Stillwater narrows loss on restructuring, US production credits
Aug 28 (Reuters) - Sibanye Stillwater SSWJ.J said on Thursday it narrowed its half-year loss to $211 million, mainly due to production credits extended to its U.S. palladium business as well as the restructuring of its South African mines.The diversified miner's loss in the six months to June 30...Reuters
16 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
19 minutes ago
Tanker with sanctioned Russian Arctic LNG 2 cargo berths in China, tracking data shows
First Arctic LNG 2 cargo arrives in China amid Western sanctionsCargo arrives via Arctic Mulan tanker, also subject to sanctionsFive other Arctic LNG 2 cargoes loaded this year heading east -dataBy Emily Chow SINGAPORE, Aug 28 (Reuters) - A tanker carrying liquefied natural gas from Russia's ...Reuters
34 minutes ago
Russia eyes China trade revival as Putin prepares for Xi summit, sources say
Putin to meet Xi at summit in northern ChinaRussia-China trade turnover down 8% from January to JulySlide in trade from record highs causing concern in MoscowChina crucial for Russian military tech, says Russian sourceAgriculture and energy projects could be ways to boost trade By Gleb Bryanski, Dar...Reuters
42 minutes ago
FACTBOX-How Germany is building up LNG import terminals
FRANKFURT, Aug 28 (Reuters) - Germany is putting into operation a second liquefied natural gas import terminal, the latest step in its effort to replace piped Russian gas since Moscow's invasion of Ukraine in 2022.Its first move has been to deploy floating storage regasification units (FSRUs) to...Reuters
42 minutes ago
Swiss president discusses peace, reconstruction with Ukrainian PM
BERLIN, Aug 28 (Reuters) - Swiss President Karin Keller-Sutter and Ukrainian Prime Minister Yulia Svyrydenko discussed the peace process and reconstruction in Ukraine during talks in Bern on Thursday, the Swiss government said.The countries announced 12 projects to be run by Swiss companies and supp...Reuters
44 minutes ago
Specialty building products distributor GMS Q1 sales beat estimates
OverviewGMS fiscal Q1 net sales beat analyst expectations, reaching $1.41 bln, per LSEG dataPretax profit for fiscal Q1 missed analyst estimates, per LSEG dataAdjusted EBITDA margin decreased to 9.6% from 10.1% last yearResult DriversWALLBOARD DECLINE - Wallboard net sales fell 5.4%, with wallboard ...Reuters
an hour ago
METALS-Copper drifts higher on increased risk appetite after Nvidia results
By Eric Onstad LONDON, Aug 28 (Reuters) - Copper prices edged higher on Thursday as appetite for risky assets rose after results from Nvidia reassured markets about the AI boom.Benchmark three-month copper CMCU3 on the London Metal Exchange was up 0.2% at $9,778 a metric ton by 0930 GMT after sli...Reuters
an hour ago
Singapore fuel oil stockpiles rebound to three-week high
SINGAPORE, Aug 28 (Reuters) - Onshore fuel oil stockpiles in Singapore rebounded to their highest in three weeks, official data showed on Thursday. Residual fuel inventories STKRS-SIN rose 7.3% to 24.72 million barrels (3.89 million metric tons) in the week to Aug. 27, according to data from Enterpr...Reuters
an hour ago
Tanker with sanctioned Russian Arctic LNG 2 cargo berths in China, tracking data shows
First Arctic LNG 2 cargo arrives in China amid Western sanctionsCargo arrives via Arctic Mulan tanker, also subject to sanctionsFive other Arctic LNG 2 cargoes loaded this year heading east -dataBy Emily Chow SINGAPORE, Aug 28 (Reuters) - A tanker carrying liquefied natural gas from Russia's ...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours ago
