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Brazilian miner Vale posts Q2 iron ore output up 2%

UPDATE 1-Brazilian miner Vale posts Q2 iron ore output up 2% Adds more data in paragraphs 3-5 SAO PAULO, July 16 (Reuters) - Brazilian miner Vale VALE3.SA on Tuesday reported a 2.4% increase in its second-quarter iron ore production compared to a year earlier. The company, one of the world's largest iron ore producers, reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended June, t he firm said in a securities filing.
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US Cash Products-Chicago gasoline, diesel gain after refinery reports outage

US Cash Products-Chicago gasoline, diesel gain after refinery reports outage NEW YORK, July 16 (Reuters) - Cash differentials for gasoline and diesel surged in Chicago on Tuesday after Exxon Mobil's 251,800 barrel-per-day Joliet refinery in Illinois reported a power outage amid heavy rains and tornadoes in the region, traders said. The Joliet refinery reported flaring and shut at least one unit following the power outage, according to a filing with the Illinois Emergency Management Agency.

Exxon shut Joliet, Illinois, refinery after power outage

UPDATE 1-Exxon shut Joliet, Illinois, refinery after power outage Adds comments, details about the refinery By Nicole Jao NEW YORK, July 16 (Reuters) - Exxon Mobil XOM.N shut down its 251 ,800-barrel-per-day r efinery at Joliet, Illinois, due to a power outage after a storm , according to a filing late on Monday. The loss of power caused a flaring incident on Monday night, the filing showed.

Brazil's Vale Q2 iron ore output up 2.4% from a year earlier

Brazil's Vale Q2 iron ore output up 2.4% from a year earlier SAO PAULO, July 16 (Reuters) - Brazilian miner Vale VALE3.SA on Tuesday reported a 2.4% increase in its second quarter iron ore production compared with a year earlier. The company, one of the world's largest iron ore producers, reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June, it said in a securities filing.
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Mixed global signals, Indonesia rate call eyed

MORNING BID ASIA-Mixed global signals, Indonesia rate call eyed By Jamie McGeever July 17 (Reuters) - A look at the day ahead in Asian markets. A mixed day in world markets on Monday suggests there will be no clear narrative driving Asian markets at the open on Tuesday, with investors still leaning on U.S. earnings, remarks from Fed officials and signals from China's 'third plenum' for guidance.
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Boeing Delivers Rocket Stage to NASA, Will Launch First Humans Around the Moon Since Apollo

BRIEF-Boeing Delivers Rocket Stage to NASA, Will Launch First Humans Around the Moon Since Apollo July 16 (Reuters) - Boeing Co BA.N : BOEING DELIVERS ROCKET STAGE TO NASA, WILL LAUNCH FIRST HUMANS AROUND THE MOON SINCE APOLLO BOEING - ARTEMIS II LAUNCH IS SCHEDULED FOR 2025 Source text for Eikon: ID:nPn2ZrZ4Ta Further company coverage: BA.N
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Stocks rise, dollar flat on solid data and rate cut prospects

GLOBAL-MARKETS-Stocks rise, dollar flat on solid data and rate cut prospects U.S. stocks end higher Treasury yields ease U.S. oil prices settle lower Updates to 4:27 p.m. ET By Isla Binnie and Caroline Valetkevitch NEW YORK July 16 (Reuters) - World stock indexes mostly rose and the U.S. dollar gained against the yen on Tuesday after solid U.S. retail sales data was taken as supporting prospects the Federal Reserve will ease rates to rein in inflation while aiming to avoid a recession.
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Torrential rains flood Toronto, causing power outages, traffic disruption

REFILE-Torrential rains flood Toronto, causing power outages, traffic disruption Corrects name to Toronto Transit Commission in paragraph 6 By Divya Rajagopal and Anna Mehler Paperny TORONTO, July 16 (Reuters) - Torrential rain on Tuesday triggered flash flooding in parts of Toronto, Canada's financial center, causing power outages, disrupting traffic and forcing airlines to curtail service.

CME live cattle, lean hog futures turn higher as wholesale prices firm

LIVESTOCK-CME live cattle, lean hog futures turn higher as wholesale prices firm By P.J. Huffstutter CHICAGO, July 16 (Reuters) - Chicago Mercantile Exchange (CME) live cattle futures turned higher on Tuesday on technical trading and as wholesale prices indicated that consumers demand for select cuts remained firm, traders said. Expectations of steady to lower cash prices for cattle this week, as well as limited trades, kept a cap on cattle futures on the day, analysts said.

Oversold corn and soy bounce back after lows

GRAINS-Oversold corn and soy bounce back after lows Wheat hits new low after brief recovery Soybeans climb after touching lowest since October 2020 Corn recovers as crop rating misses expectations Updates prices, bullets By Renee Hickman CHICAGO, July 16 (Reuters) - Chicago soybean and corn futures firmed on Tuesday after hitting m ulti-year lows o n bargain buying and forecasts for lower harvests in some parts of the world, according to analysts.

US Cash Crude-Coastal grades up, inland grades down

US Cash Crude-Coastal grades up, inland grades down July 16 (Reuters) - Coastal crude grades Mars and Light Louisiana Sweet lost value on Tuesday, dealers said, while inland grades, WTI Midland and West Texas Sour rose. The Brent/WTI spread WTCLc1-LCOc1 narrowed for the third consecutive session. A narrower spread between the global benchmark and WTI typically disincentivizes transatlantic demand, pressuring prices.

Heavy oil discount widens

CANADA-CRUDE-Heavy oil discount widens July 16 (Reuters) - The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Tuesday: * WCS for August delivery in Hardisty, Alberta, settled at $13.95 a barrel below WTI on Monday, according to brokerage CalRock. * "After what appears to have been a production curtailment in the range of 200 Mb/d for about eight days due to wildfires, Alberta's oil sands output has likely fully rec

CenterPoint Energy Says it Has Restored Power To 95% Of Customers Impacted By Hurricane Beryl

BRIEF-CenterPoint Energy Says it Has Restored Power To 95% Of Customers Impacted By Hurricane Beryl July 16 (Reuters) - CenterPoint Energy Inc CNP.N : CENTERPOINT ENERGY HAS RESTORED POWER TO 95% OF CUSTOMERS IMPACTED BY HURRICANE BERYL CENTERPOINT ENERGY INC - HAVE WORK UNDERWAY TO ADDRESS GOVERNOR ABBOTT'S REQUESTS Further company coverage: CNP.N

Texas restaurants sue utility CenterPoint over response to Hurricane Beryl

UPDATE 1-Texas restaurants sue utility CenterPoint over response to Hurricane Beryl Adds comments from Texas governor, paragraphs 7-9 By Arathy Somasekhar HOUSTON, July 16 (Reuters) - Restaurants in and around Houston on Monday filed a class action seeking more than $100 million from U.S. power provider CenterPoint Energy CNP.N , alleging incompetence and negligence in the utility's efforts to restore power quickly following Hurricane Beryl.

Most Latam currencies rise as Trump fears ease; Argentine bonds slide

EMERGING MARKETS-Most Latam currencies rise as Trump fears ease; Argentine bonds slide Brazil's real and Mexico's peso recover after Monday's drop Argentina's dollar bonds fall due to concerns over dollar reserves IMF sees steady global growth; lifts China, India forecasts Brazil's Lula questions need for spending cuts Updated at 3:52 p.m. ET/ 1952 GMT By Johann M Cherian and Shashwat Chauhan July 16 (Reuters) - Most Latin American currencies recouped some losses on Tuesday, as investors mulled
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets July 17 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,999.30 -18.30 NZX 50** 12,184.49 61.35 DJIA** 40,958.32 746.60 NIKKEI** 41,275.08 84.40 Nasdaq** 18,509.34 38.29 FTSE** 8,164.9 -18.06 S&P 500** 5,667.20 35.98 Hang Seng** 17,727.98 -287.96 SPI 200 Fut 8,031 51.00 STI** 3,487.91 -11.98 SSEC** 2,976.3043 2.29 KOSPI** 0 0.00 ---------------------------------------------------------------------------------------- Bonds Net Chn
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CIF/FOB Gulf Grain-Soybean, corn barge bids steady

CIF/FOB Gulf Grain-Soybean, corn barge bids steady July 16 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were generally steady on Tuesday, traders said. * Corn FOB premiums in Ukraine have been turning higher, with Ukraine corn basis now being quoted more than $1 a bushel over Chicago Board of Trade corn futures as supplies tighten ahead of harvest, two traders said.

US Cash Grains-Corn and soy basis mostly flat to down as futures rebound

US Cash Grains-Corn and soy basis mostly flat to down as futures rebound CHICAGO, July 16 (Reuters) - Spot basis bids for corn and soy were mostly flat to lower on Tuesday as futures rebounded from contract lows, though a positive global crop outlook continued to weigh on prices. * The corn basis decreased at a processor and increased at a rail terminal.

CBOT corn recovers from life of contract lows

CBOT corn recovers from life of contract lows CHICAGO, July 16 (Reuters) - Chicago Board of Trade (CBOT) corn futures gained ground on Tuesday after several contract months set life-of-contract lows a day earlier as traders went bargain shopping and crop estimates fell in some parts of the world. CBOT September corn CU24 rose 5-1/4 cents at $3.95-3/4 per bushel.

Stocks, dollar bask in US data afterglow, rate cuts eyed

GLOBAL MARKETS-Stocks, dollar bask in US data afterglow, rate cuts eyed S&P 500 holds on to early gains Treasury yields slip further U.S. oil prices settle lower Updates to 2:30 p.m. ET By Isla Binnie and Caroline Valetkevitch NEW YORK July 16 (Reuters) - World stock indexes mostly stayed higher and the U.S. dollar held on to gains on Tuesday after solid U.S.
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