Market Pulse - Commodities
China says it will retaliate against new US tariffs
Chinese officials labelled US plans to levy a 10. 0% tariff on approximately $300. 0bn-worth of the nation's exports a violation of the agreement reached between the two countries at the G20 leaders' summit in Osaka, Japan, and indicated that Beijing would retaliate in kind.
Commodities: Oil and copper futures fall on growth worries
Commodity prices gave back most of the prior session's gains amid a darkening outlook for economic growth, with weakness in energy futures the main culprit.
Sunrise Resources completes concept trials at CS deposit in Nevada
AIM-listed mining group Sunrise Resources has successfully wrapped up proof of concept trials for a horticultural grade of perlite from its CS deposit in Nevada.
Commodities: Brent futures jump as trade tensions ease but corn keeps falling
Commodity prices were lifted off near their weakest level for a year by news of Washington's decision to dial back on its most recent round of trade tariff threats against Chinese exports.
FX round-up: Dollar snaps higher after Washington dials back on trade threats
The US dollar jumped back as risk aversion was reduced a notch by the US Trade Representative's announcement that Washington would dial back on its trade tariffs threats against Chinese exports.
EU imposes 18% duties on Indonesian biodiesel
The European Commission on Tuesday imposed countervailing duties of 8. 0% to 18. 0% on imports of subsidised biodiesel from Indonesia in order to ensure fair competition for European producers.
US to postpone some China tariffs, talks set to proceed over next two weeks
The US administration announced on Tuesday that it would delay the implementation of some of the additional tariffs that were set to go into effect at the start of September until mid-December.
US CPI rises more quickly than expected in July
The cost of living in the US rose more quickly than anticipated in July amid broad-based gains in prices for goods ranging from energy to shelter or medical care services.
Commodities: Traders let go of agricultural futures and go into gold
Commodities as a group were dragged down to near one-year lows at the start of the week on the heels of sharp drops in in agricultural futures, especially grains.
Huawei equips devices with HarmonyOS as trade deal with US unlikely
Huawei began equipping its devices with it's new operating system, instead of Google's Android operating system, as a trade deal between the US and China before 2020 was deemed increasingly unlikely.
Commodities: Crude oil futures rise as US rig count dips
Energy futures were bouncing back at the end of the week, despite ongoing trade war jitters in global financial markets.
White House holding off on decision to allow restart of sales to Huawei
The White House was holding off on a decision on whether or not to grant licenses to some US firms to restart sales of equipment to Chinese telecommunications equipment maker Huawei following Beijing's decision to halt purchases of American agricultural products.
Germany reportedly studying sale of new debt to finance climate protection
Germany is studying a possible 'U-turn' in fiscal policy which would see Berlin sell new debt to finance a climate protection package, in effect ditching its budget balance goal, a top official said.
American farmers sitting on record soybean stockpiles after sales to China tank
America's soybean farmers were scrambling to find new export markets in response to the sharp drop in Chinese demand, including in Europe, emerging countries in Southeast Asia, Egypt, Bangladesh and Pakistan.
Slow motion train crash feared in Italy as Salvini asks for finance minister's head
Italian deputy Prime Minister Matteo Salvini threatened to topple the government in Rome unless the PM, Giuseppe Conte, replaced various cabinet members, including the finance minister.
Goldplat breaks even in H2 as cost-cutting efforts yield results
Gold producer Goldplat broke even in the second half of its trading year as cost-cutting efforts began to bear fruit.
Oilex acquires 48.5% interest in PEL 112 and 444 licenses
Exploration and development group Oilex has entered into an agreement with Holloman Energy to acquire its 48. 5% interest in the PEL 112 and 444 licenses in the Cooper-Eromanga Basins in South Australia.
James Fisher takes up 60% stake in Brazilian air diving business
Engineering services provider James Fisher & Sons has taken a 60% stake in Brazilian air diving outfit Continental Participação E Administração, the holding company of Serviços Marítimos Continental.
Commodities: Trade worries hit energy and agriculture futures
Commodity prices were off their best levels of the session in afternoon trading in the States as stocks on Wall Street struggled to find their direction.
US wants to reach a trade deal with China, Kudlow tells CNBC
The US President wants to reach a deal with China, but it has to be the right one, a top White House official said.