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India says US trade negotiations are still going on as fresh tariffs loom
MUMBAI, Aug 23 (Reuters) - India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S. tariffs are due to hit.Indian goods face additional U.S. tariffs of up to 50%, am...Reuters
14 hours ago
Tennis-Rain delays play havoc with Monterrey Open schedule
Aug 23 (Reuters) - Heavy rain brought a stop-start evening session to a premature end at the Monterrey Open on Friday, with Russian second seed Ekaterina Alexandrova's semi-final against Czech Marie Bouzkova being moved to Saturday.The match was tied at two games apiece in the first set when rai...Reuters
15 hours ago
India says trade negotiations with US are still going on
MUMBAI, Aug 23 (Reuters) - India's foreign minister said on Saturday that trade negotiations with U.S. are still going on but there are lines that New Delhi needs to defend.Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to its increased purch...Reuters
15 hours ago
US orders Orsted to halt offshore wind project, deepening industry woes
Company says it is evaluating options to resolve the matter Revolution Wind was scheduled for completion next yearBureau cites national security, interference with use of seasBy Nichola Groom Aug 22 (Reuters) - The Trump administration on Friday ordered Denmark's Orsted ORSTED.CO to stop far-...Reuters
15 hours ago
RPT-EXCLUSIVE-ADB to back Pakistan rail upgrade as China financing stalls, sources say
ADB to lead $2 billion railway network upgradeADB steps in after decade of Chinese delaysOfficials say move will not upset ChinaKarachi–Rohri upgrade key for Pakistan's copper-gold mineBy Saeed Shah and Ariba Shahid ISLAMABAD, Aug 22 (Reuters) - The Asian Development Bank will fund upgrades ...Reuters
16 hours ago
RPT-EXCLUSIVE-ADB to back Pakistan rail upgrade as China financing stalls, sources say
ADB to lead $2 billion railway network upgradeADB steps in after decade of Chinese delaysOfficials say move will not upset ChinaKarachi–Rohri upgrade key for Pakistan's copper-gold mineBy Saeed Shah and Ariba Shahid ISLAMABAD, Aug 22 (Reuters) - The Asian Development Bank will fund upgrades ...Reuters
17 hours ago
Hunt Oil resumes operations in Iraq's Kurdistan, company spokesperson says
Aug 23 (Reuters) - Hunt Oil has resumed operations in Iraq's semi-autonomous Kurdistan region, a company spokesperson said on Friday, nearly a month after a drone attack struck an oilfield the U.S. company operates in the Kurdish city of Dohuk.The company expects to be back to normal production ...Reuters
17 hours ago
Exxon plans 2026 overhaul on small CDU at Beaumont, Texas refinery, sources say
HOUSTON, Aug 22 (Reuters) - Exxon Mobil Corp XOM.N plans a six-week overhaul in February 2026 on the small crude distillation unit (CDU) at its 612,000 barrel-per-day (bpd) Beaumont, Texas, refinery, said people familiar with plant operations. Exxon spokesperson Kelly Davila said the company does no...Reuters
20 hours ago
Exxon plans 2026 overhaul on small CDU at Beaumont, Texas refinery, sources say
HOUSTON, Aug 22 (Reuters) - Exxon Mobil Corp XOM.N plans a six-week overhaul on the small crude distillation unit (CDU) in February 2026 at its 612,000 barrel-per-day (bpd) Beaumont, Texas, refinery, said people familiar with plant operations. Exxon spokesperson Kelly Davila said the company does no...Reuters
20 hours ago
Novonor creditors, IG4 sign exclusivity agreement in Braskem talks, Valor reports
SAO PAULO, Aug 22 (Reuters) - Private equity firm IG4 Capital and banks holding shares in petrochemical Braskem BRKM3.SA as collateral for Novonor's debt signed an agreement for exclusivity in talks for 90 days, Valor Economico reported on Friday.The report comes after a 90-day exclusivity perio...Reuters
22 hours ago
Ørsted A/S Says Revolution Wind Receives Offshore Stop-Work Order From US Department Of The Interior's Bureau Of Ocean Energy Management
Aug 22 (Reuters) - Oersted A/S ORSTED.CO:ØRSTED A/S REVOLUTION WIND RECEIVES OFFSHORE STOP-WORK ORDER FROM US DEPARTMENT OF THE INTERIOR’S BUREAU OF OCEAN ENERGY MANAGEMENTOERSTED A/S - REVOLUTION WIND COMPLIES WITH ORDER, ENSURES WORKER SAFETYOERSTED A/S - ØRSTED EVALUATING OPTIONS INCLUDING LEGAL ...Reuters
22 hours ago
Trump says US is conducting tariff investigation into furniture imports
Investigation is latest in series of national security probes into importsProbe aims to address concerns about imported furniture and could lead to higher tariffsTrade group opposes national security tariffs on furniture importsTrump says new tariffs could revitalize struggling US furniture manufact...Reuters
23 hours ago
EXCLUSIVE-Crescent Energy nears deal for US shale peer Vital Energy, sources say
By Shariq Khan and David French NEW YORK, Aug 22 (Reuters) - Crescent Energy CRGY.N is in advanced talks to acquire smaller peer Vital Energy VTLE.N, people familiar with the matter said on Friday, in a deal that would give the energy producer an extensive position in the Permian Basin.Terms of t...Reuters
23 hours ago
US halts work on Orsted offshore wind project off Rhode Island
Aug 22 (Reuters) - The Trump administration on Friday ordered Denmark's Orsted ORSTED.CO to halt all activities related to its Revolution Wind project off the coast of Rhode Island, according to a letter posted on the website of the Bureau of Ocean Energy Management.The stop work order is relate...Reuters
23 hours ago
US Cash Crude-Grades mixed on second day of volatile roll trade period
Aug 22 (Reuters) - U.S. crude grades were mixed on Friday, on the second day of a volatile roll trading period, dealers said. Midland firmed 15 cents, while WTI at East Houston (MEH) was flat. Mars eased 20 cents.Traders use the three-day roll period to adjust their crude slates, square up positions...Reuters
23 hours ago
Starbucks to cut production to five-day schedule at US coffee plants, Bloomberg News reports
Aug 22 (Reuters) - Starbucks SBUX.O is set to reduce weekly production at its five U.S. coffee roasting and packaging facilities by two days starting in January, Bloomberg News reported on Friday, citing people familiar with the matter.The coffee chain, which is undergoing an overhaul under CEO Bria...Reuters
Fri, Aug 22
CIF/FOB Gulf Grain-Soybean and corn barge bids rise
CHICAGO, Aug 22 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals rose on Friday, traders said, as hopes increased for demand from top-importer China.Corn bids also firmed.Rumors that China was inquiring about U.S. soybeans supported Chicago Board of Trade futures pri...Reuters
Fri, Aug 22
EXCLUSIVE-Crescent Energy nears deal for US shale peer Vital Energy, sources say
By Shariq Khan and David FrenchNEW YORK, Aug 22 (Reuters) - Crescent Energy CRGY.N is in advanced talks to acquire smaller peer Vital Energy VTLE.N, people familiar with the matter said on Friday, in a deal that will bolster the energy producer's position in the Permian Basin.Terms of the combin...Reuters
Fri, Aug 22
LIVESTOCK-Cattle futures bounce on tight supply, steady demand
By Heather Schlitz CHICAGO, Aug 22 (Reuters) - Chicago Mercantile Exchange cattle futures closed higher on Friday as a tight supply of cattle, higher boxed beef prices and resilient consumer demand for beef propelled futures higher, analysts said.CME October live cattle futures LCV25 rose 3.15 ce...Reuters
Fri, Aug 22
Starbucks Throttles Operations At US Coffee Plants To Curb Costs - Bloomberg News
Aug 23 (Reuters) - STARBUCKS THROTTLES OPERATIONS AT US COFFEE PLANTS TO CURB COSTS - BLOOMBERG NEWSSTARBUCKS' FIVE COFFEE PLANTS IN THE US WILL ADOPT THE NEW FIVE-DAY SCHEDULE IN JANUARY - BLOOMBERG NEWSSource text: https://tinyurl.com/27nj5l2qReuters
Fri, Aug 22
