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(Reuters) -Defense contractor Leidos Holdings raised its full-year adjusted profit forecast on Tuesday, as demand for its technical services and munitions remains robust amid simmering geopolitical tensions. Shares of the company were up 4% in premarket in trading. Rising tensions around the world in the wake of a protracted Russia-Ukraine war and tensions in the …

Leidos raises full-year profit forecast on robust demand for weapons Read More »

LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets For all the fog surrounding Friday’s payrolls data and the accuracy of the statistics, some Federal Reserve officials – unlike the White House – appear to be taking them at face value and are chiming in with …

Morning Bid: Fed coos, Palantir soars Read More »

By Pratima Desai LONDON (Reuters) -A U.S. decision last week to exempt refined copper metal from import duties is in contrast to an earlier move to levy steep duties on aluminium, and highlights the central importance of electricity costs and the lobbying dynamics shaping U.S. policy. The United States stunned the copper market with its …

Why did copper escape US tariffs when aluminium did not? Read More »

By Curtis Williams HOUSTON (Reuters) -Trinidad and Tobago’s government has agreed to award U.S. oil major ExxonMobil acreage in an ultra-deep area that includes seven blocks to explore for oil and gas, two senior government officials told Reuters. The parties began negotiations earlier this year for the areas off the east coast of the Caribbean …

Exclusive-Trinidad, ExxonMobil agree to terms for deepwater blocks, government sources say Read More »

BEIJING (Reuters) -Chinese retailer JD.com plans to open five discount superstores in two Chinese cities, marking its latest move into new segments as competition intensifies in its core e-commerce market. Confirming a report in Beijing Business Today, a government-backed newspaper, the company told Reuters on Tuesday that the supermarkets will be in Zhuozhou city in …

JD.com to launch five discount stores as competition intensifies Read More »

By Georgina McCartney HOUSTON (Reuters) -The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world’s top producer could fall in early 2026.  U.S. energy companies are producing record amounts of oil, much of it from onshore shale fields. New …

Analysis-Sliding US rig count outpaces efficiency gains, threatening onshore oil output Read More »

(Reuters) -Canadian miner First Quantum Minerals signed a $1 billion gold streaming agreement with a subsidiary of its peer Royal Gold, the two companies said in a statement on Tuesday. Gold streaming is a financing mechanism in which a buyer makes an upfront payment to a miner in exchange for purchasing future production from the …

Canada’s First Quantum strikes $1 billion gold streaming deal with Royal Gold Read More »

TOKYO (Reuters) -Mazda Motor said on Tuesday it expects a 145.2 billion yen ($987.02 million) hit to its operating profit this business year due to U.S. import tariffs, as the Japanese automaker rolled out measures to cushion the impact. To soften the blow of the tariffs, the company said it is taking measures including changing …

Mazda forecasts nearly $1 billion profit hit from U.S. tariffs Read More »