Power outages hinder Hurricane Beryl recovery, delay port, infrastructure restarts
By Arathy Somasekhar and Marianna Parraga HOUSTON (Reuters) – About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress…
US, Mexico move to thwart China circumvention of US steel, aluminum tariffs
By David Lawder WASHINGTON (Reuters) – The U.S. and Mexico on Wednesday announced new steps to fight the circumvention of U.S. tariffs on steel and aluminum by China and other…
Oil prices steady after weak Chinese data, US inventories draw
Investing.com– Oil prices edged higher in Asian trade on Wednesday as industry data showed a bigger-than-expected draw in U.S. inventories, although a build in distillate stockpiles somewhat offset optimism over…
Oil steadies as OPEC keeps demand forecasts unchanged
By Ahmad Ghaddar LONDON (Reuters) -Oil prices steadied on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) kept its growth forecast for oil demand unchanged for this year…
XAU/USD: Citi expects physical gold demand to rebound, maintains $3,000 target
Physical gold demand likely softened in the second quarter compared to the first, although “off a very strong base,” Citi analysts said in a Tuesday note. The Wall Street behemoth…
China and Brazil to try out beef traceability plan
BEIJING (Reuters) – China, the world’s largest beef importer and Brazil, the biggest supplier, will set up a pilot scheme as part of efforts to make beef production more sustainable,…
Exclusive-Bank of Israel waiting for digital euro ahead of digital shekel launch
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel’s payments system and foster innovation, but is…
Oil edges higher on likely US inventory drawdown
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Wednesday on expectations that U.S. crude and gasoline inventories fell last week, but further gains were limited by the restart of…
BofA sees EUR/USD parity as a rare event, ‘unlikely’ to happen
Bank of America analysts noted that while some market observers continue to speculate about the possibility of the EUR/USD exchange rate reaching parity, such an event is considered rare and…
Factbox-How US states are testing cattle and humans for bird flu
By Leah Douglas and P.J. Huffstutter (Reuters) – States in the U.S. are playing a key role in the nation’s response to a growing outbreak of avian flu among dairy…
