Commodities
Lindt & Sprüngli cuts costs with ski weekend cancellation, hiring freeze
Swiss chocolate maker suspends annual ski event and tightens hiring amid efficiency drives to offset surging cocoa costs. Christmas party also at risk, spokesperson confirms.
Brazil corn harvest forecast raised for 2026/27; sorghum cut for 2026
Safras & Mercado projects Brazil’s corn output at 145.6 million tons for 2026/27, up from 139.3 million in 2025/26, while trimming sorghum to 4.55 million tons amid dry conditions in key states.
EKPO, Akkodis test 400 kW hydrogen fuel cell stack in heavy-duty truck
EKPO and Akkodis integrate the NM20 stack into a 40-tonne hydrogen truck for real-world logistics testing, aiming to validate performance under operational conditions and accelerate industrialization of fuel-cell systems.
Gold consolidates near $4,600 ahead of Fed’s Jackson Hole speech
Bullish momentum stalls as traders book profits above $4,700; technical levels and geopolitical risks shape near-term outlook ahead of central bank symposium.
New study questions climate resilience of robusta coffee
Research published in *Sustainable Development* challenges the long-held belief that robusta coffee is more resilient to climate change than other varieties, citing flawed past assessments and rising global demand.
Qatar’s Estithmar launches QAR 900m sukuk exchange offer
Offer replaces 2027 certificates with 2029 tranche at 9% yield, seeking QAR 1bn in new issuance. Consent vote deadline Sept. 14.
Oil tanker hit by projectile in Strait of Hormuz amid Iran conflict
Attack on commercial vessel comes as Iran blocks key shipping route and diplomatic talks aim to ease tensions. No casualties or environmental damage reported.
Bharat Petroleum to receive first Iraqi oil cargo of FY25 within days
Indian refiner Bharat Petroleum expects its first Iraqi crude shipment of the fiscal year to arrive at Fujairah within days, following a ship-to-ship transfer. The cargo underscores India's efforts to diversify oil sources amid Strait of Hormuz disruptions.
U.S. strikes on Iran, rising yields drive market caution ahead of Fed data
S&P 500 futures flat as investors weigh geopolitical risks and 10-year Treasury yields near three-year highs. Bank of Canada rate decision awaits.
FTSE 100 slips 0.3% as Iran-U.S. strikes lift oil prices
London stocks fell Wednesday as geopolitical tensions in the Middle East drove Brent crude above $95 per barrel. The FTSE 100 dropped 0.3% in early trade, while the pound eased against the dollar.
Gold plunges 10% in six sessions after hawkish Fed remarks
December gold futures drop from near $4,755 to about $4,330 in six sessions as hawkish Jackson Hole comments shift rate expectations. Traders weigh further downside against potential technical rebounds.
Gold falls to two-week low as U.S.-Iran tensions and Fed hike bets weigh
Bullion drops for a fourth straight session on rising oil prices, stronger dollar and expectations for higher U.S. interest rates. Technicals point to further downside toward key moving averages.
Arkadian completes 2026 field work at Greenland critical metals project
Arkadian Strategic Metals collected bulk samples and conducted hyperspectral scans at its Motzfeldt project in South Greenland, with results en route to the UK for analysis.
Petrobras e Seatrium lançam duas FPSOs no campo de Búzios
As novas unidades de produção flutuante entram em operação no maior campo de petróleo do Brasil.
Asian gold miners fall as bullion slides to three-week low
Sumitomo Metal Mining leads declines with an 11% drop after gold prices retreat to multi-week lows. Regional miners down 2-11% as macro pressures weigh on the metal.
U.S. natural gas futures fall 1.9% in Friday session
October contract drops to $2.86 per MMBtu as broader energy complex weakens; dollar index rises 0.57%.
UBS flags commodities as inflation hedge amid Middle East risks
Strategists recommend broad exposure to energy, metals and agriculture as geopolitical tensions and weather patterns reshape supply. Brent crude near $87, European gas at 65 euros/MWh.
Qatar, Kuwait restore 70% of pre-war oil exports via Hormuz
Ship-to-ship transfers in Gulf of Oman help Gulf states bypass Strait chokepoint amid regional conflict. Total Hormuz flows rebound to 7-8 million bpd.
Oil falls as Qatar-Qatar seeks Hormuz talks amid Iran tensions
Crude declines for a fourth session as Qatar’s PM visits Tehran to discuss Strait of Hormuz navigation; traders weigh geopolitical risks against diplomatic signals.
Robusta coffee's climate resilience challenged in new study
Research from Kew's Royal Botanic Gardens disputes the widely held view that robusta coffee is more resilient to climate change than other varieties. The study highlights flaws in prior research and questions the crop's suitability for future production.
Angola-focused Etu Energias to acquire Chevron oil blocks for undisclosed sum
Etu Energias signed an agreement with Chevron to purchase its stakes in Angola’s Blocks 14 and 14K. The deal follows Energean’s earlier US$260 million acquisition of the same assets.
Oil futures slip as Middle East tensions ease temporarily
Brent and WTI decline 1.5% as geopolitical risk premium softens on signs of restrained U.S. action against Iran and Oman-Iran talks. Structural risks remain elevated amid unresolved conflicts.
Gold rallies as dollar stumbles; analysts eye $5,000 target by 2026
Precious metal benefits from dollar weakness and rising inflation expectations, drawing inflows into gold ETFs. Analysts upgrade forecasts as Fed rate hike odds fade.
Akkodis, EKPO integrate hydrogen fuel cell stack into logistics truck
Engineering firm Akkodis and fuel cell specialist EKPO have deployed the NM20 stack in a hydrogen-powered heavy-duty truck for real-world validation, aiming to refine system integration and performance.