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GRAINS-Corn eases from six-week high, soy and wheat stay weak
Corn consolidates after rally on strong exports, yield doubtsUS corn ratings decline but still highest in yearsSoybeans and wheat ease for second dayBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Sept 3 (Reuters) - Chicago corn edged lower on Wednesday, pausing after a six-week high as trader...Reuters
15 minutes ago
PRECIOUS-Gold adds to record rally as rate-cut bets, trade turmoil lift demand
Focus on US jobs data, due for release on Friday Trump administration to ask Supreme Court for expedited tariff rulingGold rally may still have room to run in 2025, analysts say By Ishaan Arora Sept 3 (Reuters) - Gold hit another record high on Wednesday, consolidating gains above the $3,500 leve...Reuters
45 minutes ago
Gold Price Forecast: XAU/USD extends winning streak for seventh trading day
Gold price (XAU/USD) extends its winning streak for the seventh trading day on Wednesday. The precious metal posts a fresh all-time high near $3,550 as investors have dumped long-dated government bonds across the globe.
Fxstreet
59 minutes ago
Transit tech firm Via Transportation targets up to $3.5 billion valuation in US IPO
By Ateev Bhandari Sept 3 (Reuters) - Via Transportation is targeting a valuation of up to $3.50 billion in its initial public offering, the transit technology maker said on Wednesday, joining a wave of companies aiming to list their shares on U.S. exchanges this fall.Via and some of its existing ...Reuters
2 hours ago
Apparel retailer J.Jill's Q2 sales beat estimates
OverviewJ.Jill Q2 FY25 sales down 0.8% to $154 mln, beating estimatesAdjusted EPS for Q2 FY25 beats expectations at $0.81Gross margin falls to 68.4% from 70.5% in prior yearCo closes two stores in Q2, total store count at 247OutlookCompany expects Q3 FY25 net sales flat to down low-single digitsJ.Ji...Reuters
2 hours ago
EXCLUSIVE-OPEC+ to consider further oil output hike on Sunday, sources say
Eight OPEC+ countries to meet on SundayOPEC+ could also pause hikes for October, source saysNo immediate comment received from OPEC or Saudi authoritiesBy Alex Lawler and Olesya AstakhovaLONDON/MOSCOW, Sept 3 (Reuters) - OPEC+ will consider further raising oil production at a meeting on Sunday, two ...Reuters
2 hours ago
Oil prices drop as OPEC+ weighs another output hike
By Ahmad Ghaddar LONDON, Sept 3 (Reuters) - Oil prices fell by about 2% on Wednesday ahead of a weekend meeting of OPEC+ producers that is expected to consider another increase in production targets in October. Brent crude LCOc1 fell $1.16, or 1.7%, to $67.98 a barrel by 1030 GMT. U.S. West Texas...Reuters
2 hours ago
METALS-Copper hits five-month high on U.S. rate cut expectations
By Polina Devitt LONDON, Sept 3 (Reuters) - Copper prices were steady on Wednesday after hitting their five-month high as mounting expectations of a U.S. interest rate cut later in the month and a weaker dollar provided support.Three-month copper on the London Metal Exchange CMCU3 was unchanged a...Reuters
2 hours ago
Afghan earthquake survivors hunt loved ones, pull planks from rubble for graves
By Sayed Hassib and Mohammad Yunus Yawar MAZAR DARA, Afghanistan, Sept 3 (Reuters) - Mir Salam Khan mourns the loss of his wife and three children in Afghanistan’s mountainous eastern province of Kunar, hit by an earthquake of magnitude 6 that crumbled thousands of homes."We buried them with ...Reuters
3 hours ago
Lorena intensifies into a hurricane heading toward Mexico's Pacific coast
MEXICO CITY, Sept 3 (Reuters) - Lorena intensified into a hurricane off Mexico's Pacific Coast, with maximum sustained winds of 120 kph (75 mph), the U.S. National Hurricane Center (NHC) said on Wednesday.Mexico's government has issued new storm warnings and watches for the state of Baja Cal...Reuters
3 hours ago
China copper output set for rare September fall as tax change hits scrap supply
Output in September to fall between 4% and 5%, say analysts, Five smelters plan maintenance in September, says SMM October output forecast to extend falls, say analystsBy Amy Lv and Lewis Jackson BEIJING, Sept 3 (Reuters) - China's refined copper production in September is forecast for a rare...Reuters
3 hours ago
Lorena intensifies into a hurricane heading toward Mexico's Pacific coast
MEXICO CITY, Sept 3 (Reuters) - Lorena intensified into a hurricane off Mexico's Pacific Coast, with maximum sustained winds of 120 kph (75 mph), the U.S. National Hurricane Center (NHC) said on Wednesday.Mexico's government has issued new storm warnings and watches for the state of Baja Cal...Reuters
3 hours ago
OPEC+ to consider further oil output hike on Sunday, sources say
By Alex Lawler and Olesya AstakhovaLONDON/MOSCOW, Sept 3 (Reuters) - OPEC+ will consider further raising oil production at a meeting on Sunday, two sources familiar with the discussions said, as the group seeks to regain market share.Another boost would mean that OPEC+, which pumps about half of the...Reuters
3 hours ago
Afghanistan airdrops commandos to rescue earthquake survivors
Survivors face worsening conditions, lack of resourcesUN, aid groups appeal for food, shelter and medical suppliesUnited Nations says toll could rise with many trapped in rubbleBy Mohammad Yunus Yawar, Sayed Hassib and Charlotte Greenfield KABUL/MAZAR DARA, Afghanistan, Sept 3 (Reuters) - Afghani...Reuters
4 hours ago
TABLE-UAE's Fujairah oil inventory data for week ended September 1
Sept 3 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended September 1, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...Reuters
5 hours ago
