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PRESS DIGEST-British Business - September 18
Sept 18 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - U.S. President Donald Trump's state visit to Britain has generated 150 billion pounds ($204.1...Reuters
9 minutes ago
Australia announces lower than expected 2035 emissions reduction target of 62%-70%
By Alasdair Pal and Christine Chen SYDNEY, Sept 18 (Reuters) - Australia on Thursday set its 2035 emissions target at a reduction of 62%-70% from 2005 levels, a lower figure than initially recommended by the country's climate change authority. The United Nations has asked countries ...Reuters
23 minutes ago
Northrop spacecraft's ISS cargo delivery set for Thursday after software hiccup
WASHINGTON, Sept 17 (Reuters) - NASA on Wednesday night resumed plans to moor an uncrewed cargo craft to the International Space Station after resolving an early engine-shutdown issue it said was caused by a "conservative safeguard" in the vehicle's software settings.The arrival of the N...Reuters
25 minutes ago
METALS-Shanghai copper hits over one-week low after Fed's rate cut
BEIJING, Sept 18 (Reuters) - Shanghai copper futures hit a more than one-week low on Thursday, falling for a third straight session, following a 25-basis-point interest rate cut by the U.S. Federal Reserve and higher supply from top consumer China.The U.S. central bank cut the benchmark interest rat...Reuters
an hour ago
PRECIOUS-Gold eases as dollar firms after Fed meeting, Powell comments
Powell describes rate cut as risk-management measureSPDR Gold Trust holdings fall 0.44% on WednesdayBy Brijesh Patel Sept 18 (Reuters) - Gold prices extended losses on Thursday as the dollar firmed after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point, as expected, ...Reuters
an hour ago
GRAINS-Chicago soybeans fall on weak soyoil after US biofuels proposal; corn eases
BEIJING, Sept 18 (Reuters) - Chicago soybean futures fell for a second straight session on Thursday, pressured by weaker soyoil after a U.S. biofuels proposal disappointed the market.Corn slipped on seasonal harvest pressure, while wheat traded flat. FUNDAMENTALS* As of 0136 GMT, the most active soy...Reuters
2 hours ago
PRECIOUS-Gold slips as dollar gains after Fed rate cut, Powell comments
Sept 18 (Reuters) - Gold prices extended losses on Thursday due to an uptick in the dollar after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point, as expected, and adopted a measured rhetoric on further policy easing.FUNDAMENTALS* Spot gold XAU= was down 0.2% at $3,653....Reuters
2 hours ago
Oil prices little changed after Fed rate cut
By Katya Golubkova TOKYO, Sept 18 (Reuters) - Oil prices were little changed on Thursday after the U.S. central bank lowered its key interest rate as widely expected, while an indication of more rate cuts before year-end raised the prospect of a demand boost spurred by falling borrowing costs.Bre...Reuters
3 hours ago
Gold falls after scaling record peak as markets digest Fed Chair Powell's comments
Spot gold scaled record high of $3,707.40/oz Fed delivers normal-sized rate cutDeutsche Bank raises average gold price forecasts for next year to $4,000/ozSilver, platinum, palladium each down over 2% By Ashitha Shivaprasad and Anjana Anil Sept 17 (Reuters) - Gold prices fell nearly 1% on Wednesd
Reuters
3 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 18 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$68.37/$68.77sup $67.73/$67.29/$66.77Palm oil (3rd mth)4,429/4,401 ringgitres 4,492/4,514 ringgitWTI* (1st mth)$64.35/$64.74/$64.99sup $63.71/$63.32Spot gold$3,650/$3,6...Reuters
3 hours ago
Top global meatpacker JBS prepares for drop in cattle for slaughter in 2026
By Roberto SamoraSAO PAULO, Sept 17 (Reuters) - Brazilian meatpacker JBS Z98.F is prepared for a likely shift in the country's cattle cycle that could lead to reduced availability of animals for slaughter next year, an executive said on Wednesday. WHY IT'S IMPORTANTJBS is the world's...Reuters
3 hours ago
Brazil's beef exports to US to fall further in September after tariffs, industry group says
By Roberto Samora SAO PAULO, Sept 17 (Reuters) - Brazil's beef exports to the United States are seen falling further in September from the previous months, the head of local beef lobby Abiec said on Wednesday, in a move linked to higher tariffs imposed by President Donald Trump on goods from ...Reuters
4 hours ago
LIVESTOCK-Cattle futures fall on weaker beef prices, technical selling
By Julie Ingwersen CHICAGO, Sept 17 (Reuters) - Chicago Mercantile Exchange live cattle futures fell on Wednesday on softening beef prices and declining profit margins for beef packers, analysts said.Some brokers also attributed the weakness to fund-driven technical selling. Commodity funds hold ...Reuters
4 hours ago
Brazil judge's ruling keeps soy moratorium in place
By Ana Mano SAO PAULO, Sept 17 (Reuters) - A Brazilian judge on Wednesday left in place a moratorium on trading in soy grown in recently deforested parts of the Amazon, according to a decision seen by Reuters, rejecting a request by a farmer group to reverse an injunction related to the ban.The s...Reuters
4 hours ago
Peru president signs contract allowing Chevron, Westlawn entry
LIMA, Sept 17 (Reuters) - Peru's President Dina Boluarte said on Wednesday she had signed the modification of a hydrocarbon exploration and exploitation contract that would allow U.S. firms Chevron CVX.N and Westlawn to formally enter the country. The contract formalizes the companies' entry...Reuters
5 hours ago
US Cash Crude-Mars eases 10 cents as WTI/Brent spread narrows slightly
Sept 17 (Reuters) - Mars sour crude weakened on Wednesday as the spread between West Texas Intermediate and Brent narrowed for the third straight session. Mars weakened 10 cents, while WTI Midland and WTI at East Houston, also known as MEH, were unchanged. The spread between Brent and U.S. WTI crud...Reuters
5 hours ago
Trump climate panel not exempt from transparency requirements, judge rules
By Nate Raymond Sept 17 (Reuters) - A group of climate change skeptics the Trump administration convened behind closed doors to prepare a report that became a linchpin for its efforts to roll back rules on greenhouse gas emissions is not exempt from a law mandating that committees that advise age...Reuters
5 hours ago
Westlawn Americas Offshore Acquired 30% Non-Operated Working Interest In Z-61, Z-62, Z-63 Blocks
Sept 17 (Reuters) - Occidental Petroleum Corp OXY.N:WESTLAWN GROUP: WESTLAWN AMERICAS OFFSHORE ACQUIRED 30% NON-OPERATED WORKING INTEREST IN Z-61, Z-62, Z-63 BLOCKS OFFSHORE PERUWESTLAWN GROUP: OXY WILL REMAIN OPERATOR OF THE THREE BLOCKS, HOLDING A 35% WORKING INTERESTWESTLAWN GROUP: CHEVRON PERU ...Reuters
5 hours ago
Exxon pauses European plastic recycling plans over draft EU rules
By Philip Blenkinsop BRUSSELS, Sept 18 (Reuters) - ExxonMobil XOM.N is pausing 100 million euros ($118.4 million) of investment in European plastic recycling because of draft EU rules that determine the recycled content in a final product.The U.S. energy producer has two projects for chemical rec...Reuters
5 hours ago
