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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
5 minutes 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
6 minutes 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
17 minutes 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
36 minutes 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
37 minutes 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
46 minutes ago
Oil falls as market weighs end of US summer demand
Aug 28 (Reuters) - Oil prices fell on Thursday after rising in the previous session as investors weighed expectations for lower U.S. fuel demand with the end of the summer demand season nearing and awaited India's response to punitive U.S. tariffs.
Reuters
an hour 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
an hour 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
an hour 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
an hour 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
2 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
2 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
2 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
2 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
2 hours ago
COLUMN-Europe gas markets escape hectic LNG summer storage race: Bousso
European storage is at 76% of capacity, likely to reach 90% by OctoberEasing LNG demand in Asia to increase flows to EuropeLNG oversupply to grow sharply by 2030By Ron Bousso LONDON, Aug 28 (Reuters) - European gas traders have faced a stressful race against the clock in recent summers as they ha...Reuters
2 hours ago
French nuclear plant outages and restarts
Aug 27 (Reuters) - The following table provides information on outages at French utility EDF's EDF.PA nuclear reactors. France has 62,990 megawatts (MW) of nuclear generation capacity provided by 57 reactors, data from power grid operator RTE shows.Reuters estimates that 15,660 MW, or 25%, of th...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Adds Kollsnes outage
Aug 28 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
2 hours ago
Fire erupts at southern Russian oil refinery after Ukrainian drone attack, authorities say
MOSCOW, Aug 28 (Reuters) - A fire broke out at a unit of the Afipsky oil refinery in Russia's southern Krasnodar region after a Ukrainian drone attack, local authorities said on Thursday.It was not immediately clear what the extent of the damage was at the refinery, which together with the Krasn...Reuters
3 hours ago
INSIGHT-Sky-high electricity costs hinder Britain's net zero mission
UK industrial electricity costs higher than US, EuropeCompanies say it is making net zero switch harderHigh prices also hitting competitiveness, investment levelsBy Kate Holton and Susanna Twidale BRIDGNORTH, England, Aug 28 (Reuters) - In the cradle of the industrial revolution, Britain's on...Reuters
3 hours ago
