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Brazil leather price slumps, challenging $1.25 billion export industry
By Ana ManoSAO PAULO, Sept 19 (Reuters) - Brazilian leather prices have fallen sharply over the last decade or so, threatening jobs and weakening the national industry against global competitors, according to data compiled by Durli Leathers, one of the largest domestic producers.Skin valued at $59 i...Reuters
8 minutes ago
Euronext wheat eases from two-week high
PARIS, Sept 19 (Reuters) - European wheat futures fell on Friday amid a lull in export demand and as some participants booked profits following a two-week high, traders said.December wheat BL2Z5 on Euronext was down 0.7% at 191.00 euros ($224.35) per metric ton at 1549 GMT, easing back from Thursday...Reuters
26 minutes ago
Oil prices slip as robust supply outweighs Fed cut
Large oil supplies, declining demand push prices lowerRefinery turnaround season will also cut demand for crude Benchmarks remain on track for second straight weekly gainBy Erwin Seba HOUSTON, Sept 19 (Reuters) - Oil prices dropped on Friday as worries about large supplies and declining demand ou...Reuters
29 minutes ago
US Northeast electricity imports from Canada drop, EIA reports
Sept 19 (Reuters) - Electricity imports from Canada into New York Independent System Operator (NYISO) and Independent System Operator New England (ISO-NE) have dropped due to drought conditions in Canada and lower U.S. Northeast electricity demand, the U.S. Energy Information Administration (EIA) sa...Reuters
44 minutes ago
RPT-EXCLUSIVE-Commodity trader Mercuria bets on boom with foray into uranium, sources say
Mercuria hires ex-Goldman Sachs trader for uranium operationsNatixis and Citibank also moving into uranium trading marketNuclear fuel demand to double by 2040, industry body saysBy Eric Onstad LONDON, Sept 19 (Reuters) - Mercuria has become the first major commodity house to launch physical tradi...Reuters
45 minutes ago
Street View: Analysts cut Darden's PTs as inflation pressures margins
** Olive Garden parent Darden Restaurants DRI.N missed first-quarter profit estimates on Thursday, hurt by higher input costs** At least 10 analysts cut PT on the stockVALUE GAINS TRACTION, MARGINS UNDER PRESSURE** Citigroup ("buy," PT: $239) says the new menu, which repurposes existing prod...Reuters
2 hours ago
Valterra CEO sees global platinum supply shrinking 15%-20% by decade's end
By Nqobile Dludla RUSTENBURG South Africa, Sept 19 (Reuters) - Global primary platinum group metal production could fall by as much as 20% by the end of this decade, widening a supply deficit, Valterra Platinum VALJ.J CEO Craig Miller said on Thursday.Miller said demand from carmakers, who use pl...Reuters
2 hours ago
REFILE-EXCLUSIVE-Commodity trader Mercuria bets on boom with foray into uranium, sources say
Mercuria hires ex-Goldman Sachs trader for uranium operationsNatixis and Citibank also moving into uranium trading marketNuclear fuel demand to double by 2040, industry body saysBy Eric Onstad LONDON, Sept 19 (Reuters) - Mercuria has become the first major commodity house to launch physical tradi...Reuters
2 hours ago
SOFTS-Arabica coffee falls, on track for weekly loss of 13%
LONDON, Sept 19 (Reuters) - Arabica coffee futures on ICE fell sharply on Friday and were set for a steep weekly loss, with forecasts for rain in parts of Brazil's coffee belt improving the outlook for the key flowering period in the world's top producer.COFFEE* Arabica coffee KCc2 fell 4.1%...Reuters
2 hours ago
After Trump pressure, EU aims to bring forward Russian LNG import ban
EU proposes 19th package of sanctions against RussiaUS president has urged Europe to up pressure on MoscowProposal needs approval from EU member states to passRussia has shrugged off prospect of more energy sanctionsBy Julia Payne, Lili Bayer and John Irish BRUSSELS, Sept 19 (Reuters) - The Europ...Reuters
2 hours ago
Trump admin gives China 'free pass' on Russian LNG, Democratic senators say
By Timothy Gardner WASHINGTON, Sept 19 (Reuters) - Democratic U.S. senators urged Trump officials on Friday to resume targeted sanctions on Russian energy supplies, saying the administration is allowing China to buy shipments of Russia's liquefied natural gas which helps support the war on Uk...Reuters
2 hours ago
PRECIOUS-Gold edges higher with spotlight on Fed policy path
Gold hit record high of $3,707.40/oz on WednesdayTrump and Xi Jinping speak by phonePalladium heads for weekly lossBy Ashitha Shivaprasad Sept 19 (Reuters) - Gold prices moved higher on Friday and headed for a fifth straight weekly gain, with market attention focused on further U.S. rate cut cues...Reuters
3 hours ago
GLOBAL LNG-Asian spot prices stable amid muted demand, strong supply
By Marwa Rashad LONDON, Sept 19 (Reuters) - Asian spot liquefied natural gas prices remained flat this week on high storage inventories and continued muted demand.The average LNG price for November delivery into north-east Asia LNG-AS was at $11.50 per million British thermal units (mmBtu), unch...Reuters
3 hours ago
Glencore in talks to sell stake in Kamoto Copper Co, Bloomberg News reports
Sept 19 (Reuters) - Miner and trader Glencore GLEN.L has been in talks about selling a controlling stake in a unit that operates a major copper and cobalt project in the Democratic Republic of Congo, Bloomberg News reported on Friday.The news comes a month after Glencore, the world's second-larg...Reuters
3 hours ago
Newmont sells entire Orla stake for about $439 million in divestiture push
Sept 19 (Reuters) - Gold miner Newmont NEM.N said on Friday it sold its stake in Orla Mining OLA.TO for $439 million through the Toronto Stock Exchange as part of its divestiture program.The company disposed of the entire 43 million shares it held in Orla Mining at $10.14 per share.Last year, Newmo...Reuters
3 hours ago
CBOT Trends-Wheat steady-down 1 cent, corn up 1-2, soybeans up 2-4
CHICAGO, Sept 19 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. WHEAT - Steady to down 1 cent per bushelCBOT wheat futures pared losses after a two-day decline.Showers n...Reuters
3 hours ago
US natgas prices dip 2% to 3-week low on ample storage, milder forecasts
Milder weather forecasts reduce expected gas demandLSEG reports slight drop in U.S. gas outputBerkshire Hathaway's Cove Point LNG plant to undergo maintenanceTropical Storm on track to become hurricane, unlikely to hit USBy Scott DiSavino Sept 18 (Reuters) - U.S. natural gas futures slid abou...Reuters
3 hours ago
Nexus Announces $220 Million Of New Funding And Energy Offtaker For Project Goody
Sept 19 (Reuters) - Nexus Renewable Power LLC:NEXUS ANNOUNCES $220 MILLION OF NEW FUNDING AND ENERGY OFFTAKER FOR PROJECT GOODYNEXUS RENEWABLE POWER: GOLDMAN SACHS & META JOIN PARTNERSHIP FOR DUAL 172 MW SOLAR PROJECT/237 MW STORAGE PROJECT IN LAMAR COUNTY, TEXASNEXUS RENEWABLE POWER: PROJECT GO...Reuters
3 hours ago
