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PRESS DIGEST-Financial Times - Aug 29
Aug 29 (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- FCA opens investigation into Drax annual reports- Lotus plans 550 UK job cuts to secure 'sustainable future'- UK, France and Ge...Reuters
12 minutes ago
Gold Reserve says it submitted improved bid for Citgo Petroleum's parent
HOUSTON, Aug 28 (Reuters) - Miner Gold Reserve GRZ.V said on Thursday that its subsidiary Dalinar Energy submitted an improved bid for the parent of refiner Citgo Petroleum in a court-organized auction of shares, whose winner is expected to be decided next month.The company "has materially incre...Reuters
56 minutes ago
US Plains HRW Wheat-Basis bids steady to down as futures recover
CHICAGO, Aug 28 (Reuters) - Spot basis bids for hard red winter wheat were flat to lower in the U.S. Plains on Thursday as K.C. HRW wheat futures ticked up.Some locations rolled their basis to the December contract.Chicago wheat futures rebounded after losing ground on Wednesday as prices were press...Reuters
2 hours ago
US-Venezuela tensions rise as US warships arrive in Southern Caribbean
US naval buildup targets Latin American drug cartelsVenezuela's Maduro condemns US military presence as a threatBy Idrees Ali Aug 28 (Reuters) - Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. ...Reuters
2 hours ago
LIVESTOCK-Cattle futures sink on technical selling
CHICAGO, Aug 28 (Reuters) - Chicago Mercantile Exchange cattle futures fell on Thursday on technical selling after live and feeder cattle futures hit contract highs in the previous day. CME October live cattle futures LCV25 fell 2.6 cents to settle at 236.925 cents per pound. September feeder cattle...Reuters
3 hours ago
GRAINS-Soybeans pressured by lack of Chinese demand; corn rises on export sales
Soy under pressure from vanished Chinese demandCorn higher on good export salesWheat chops up and down By Heather Schlitz CHICAGO, Aug 28 (Reuters) - Chicago soybean futures came under pressure on Thursday on a lack of Chinese demand for the U.S. oilseed while corn futures ticked higher on strong...Reuters
3 hours ago
Cameco flags 2025 production hit amid McArthur River mine transition delays
Aug 28 (Reuters) - Canadian uranium supplier Cameco Corp CCO.TO said on Thursday the development delays in transitioning the McArthur River mine in Saskatchewan to new mining areas are expected to impact its 2025 production forecast.The company cited risks including development delays and the expect...Reuters
3 hours ago
South Korea, US agree to discuss nuclear reprocessing, minister says
South Korean leader and President Trump held summit this weekSouth Korea not currently allowed to reprocess nuclear fuelReprocessed fuel can be used for nuclear weaponsMinister says Seoul wants to reprocess for industrial and environmental purposesBy Joyce Lee and David Brunnstrom SEOUL/WASHINGTO...Reuters
3 hours ago
US Cash Crude-Grades mixed as refinery demand to slip, WTI/Brent spread widens
Aug 28 (Reuters) - Grades were mixed on Thursday, dealers said, with domestic refining demand to slip next month, while a U.S. crude futures' discount to the international benchmark Brent widened. Phillips 66 PSX.N will begin shuttering its 139,000 barrels per day Los Angeles-area refinery in Se...Reuters
3 hours ago
Cameco Provides Production Update Strategically Well-Positioned For Continued Long-Term Value Creation
Aug 28 (Reuters) - Cameco Corp CCO.TO:CAMECO PROVIDES PRODUCTION UPDATE; STRATEGICALLY WELL-POSITIONED FOR CONTINUED LONG-TERM VALUE CREATIONCAMECO CORP - ANNOUNCES DELAYS AT MCARTHUR RIVER MINE IMPACTING 2025 PRODUCTIONCAMECO CORP - MCARTHUR RIVER/KEY LAKE PRODUCTION FORECAST REDUCED TO 14-15 MILLI...Reuters
3 hours ago
CBOT wheat ends higher on technical trading
CHICAGO, Aug 28 (Reuters) - Chicago Board of Trade wheat futures chopped up and down on Thursday and ended higher on technical trading, though pressure from ample global supply and beneficial rains in the U.S. Plains weighed.The U.S. Department of Agriculture reported weekly export sales of wheat at...Reuters
3 hours ago
US FAA plans to close satellite offices in Washington as it consolidates operations
By David ShepardsonWASHINGTON, Aug 28 (Reuters) - The U.S. Federal Aviation Administration plans to cancel leases on its satellite offices in the Washington area as it consolidates operations and moves headquarters staff into a building that houses the U.S. Transportation Department.FAA Administrato...Reuters
3 hours ago
CBOT soybeans choppy as traders weigh demand
CHICAGO, Aug 28 (Reuters) - Chicago Board of Trade soybean futures came under pressure but ended higher on Thursday, though a lack of Chinese demand for the U.S. oilseed continued to weigh on the market.U.S. farmers are on track to harvest the nation's biggest corn crop in history this autumn, a...Reuters
3 hours ago
CBOT corn higher on strong export demand
CHICAGO, Aug 28 (Reuters) - Chicago Board of Trade corn futures ticked higher on Thursday on strong export sales data and good demand for U.S. corn.U.S. farmers are on track to harvest the nation's biggest corn crop in history this autumn.The USDA reported weekly export sales of corn at 2,071,90...Reuters
3 hours ago
End of US low-value package tariff exemption is permanent, Trump officials say
WASHINGTON, Aug 28 (Reuters) - The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administ...Reuters
4 hours ago
US energy data agency, after staff cuts, delays reports on uranium, international outlook
By Valerie Volcovici WASHINGTON, Aug 28 (Reuters) - The U.S. government's energy statistics arm, which has experienced staff cuts this year, said on Thursday it will delay publishing key energy data on uranium as well as its international outlook this year.The Energy Information Administratio...Reuters
4 hours ago
FAA plans to close satellite offices in Washington as it consolidates operations
WASHINGTON, Aug 28 (Reuters) - The Federal Aviation Administration plans to cancel leases on its satellite offices in the Washington area as it consolidates its operations and moves its headquarters staff into a building housing the U.S. Transportation Department.FAA Administrator Bryan Bedford said...Reuters
5 hours ago
Oil settles higher as traders await Trump statement on Russia-Ukraine
Crude rises as traders await Trump statement on Russia-UkraineIndia oil imports from Russia set to rise in SeptemberRussian oil supplies through Druzhba pipeline restartBy Shariq Khan NEW YORK, Aug 28 (Reuters) - Oil prices settled higher on Thursday, bouncing off early losses after the White Hou...Reuters
5 hours ago
