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India set to allow its private firms to mine and import uranium to help nuclear expansion

India aims to allow private firms to mine, import and process uranium as part of plans to end a decades-old state monopoly over the nuclear sector and bring in billions of dollars to boost the industry, two government sources said.Prime Minister Narendra Modi’s government plans to expand nuclear power production capacity by 12 times by 2047 and it is also relaxing requirements to allow foreign players to take a minority stake in power plants, it was reported in April.

3 hours ago

Dollar extends weakness as anticipation mounts of Fed interest rate cut

NEW YORK, Aug 13 (Reuters) - The dollar fell for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month, and renewed pressure from President Donald Trump for lower rates added to the sell-off.The dollar index , measuring the currency against a basket of peers, fell 0.2% to 97.81, its lowest since July 28, extending its 0.5% drop on Tuesday.

3 hours ago

Fed cut seen near certain after inflation data, Bessent comments

WASHINGTON, Aug 13 (Reuters) - The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.

3 hours ago

Mining

Albemarle says Chile lithium plant operating normally after incident last week

Albemarle’s La Negra lithium processing plant in Chile is operating normally after an “incident” last week, the company told Reuters on Tuesday, after a local lawmaker said authorities had opened an investigation.There were no injuries and sales of the metal used to make lithium-ion batteries are not expected to be affected, Albemarle said, without providing additional details.It was not immediately clear if operations had temporarily shut down last week. Albemarle gave no more details of the incident.

4 hours ago

Mining

Samarco gets court approval to exit bankruptcy proceedings

Brazilian miner Samarco, a joint venture between Vale and BHP, has received approval from a court in Minas Gerais state to exit bankruptcy protection proceedings, it said in a statement on Tuesday.The process allowed Samarco to reorganize more than 50 billion reais ($9.28 billion) in liabilities involving around 10,000 creditors, the statement said. The proceedings were triggered by a 2015 dam collapse near the Brazilian city of Mariana which halted operations for several years.($1 = 5.3896 reais)(By Marta Nogueira and Isabel Teles; Editing by Kylie Madry)

4 hours ago

Gold rises on increasing Fed rate-cut bets, weaker dollar

Aug 13 (Reuters) - Gold rose on Wednesday as expectations of a U.S. Federal Reserve interest rate cut in September gained traction following mild inflation data, while a weaker dollar bolstered demand.

5 hours ago

Nomura sees Fed rate cut in September as inflation cools

Aug 12 (Reuters) - Nomura expects the U.S. Federal Reserve to cut interest rates by 25 basis points in September, bringing forward its easing forecast, amid signs of milder U.S. inflation in July and early cracks in the labor market.

5 hours ago

TSX futures rise as Fed rate cuts prospects continue to boost sentiment

Aug 13 (Reuters) - Futures tracking Canada's main stock index rose on Wednesday, extending optimism from the previous record-breaking session, following U.S. inflation data that supported expectations for a September rate cut.Futures on the S&P/TSX index (.SXFcv1), rose 0.16% by 05:31 a.m. ET (0931 GMT).On Tuesday, the S&P/TSX composite index (.GSPTSE), ended at a record closing high, as a mild July CPI report from the U.S. suggested a limited impact of tariffs on prices, reinforcing bets for the Federal Reserve rate cut in September.

6 hours ago

Dollar slips to two-week low as investors eye Fed cut

LONDON, Aug 13 (Reuters) - The dollar fell to a two-week low on Wednesday after a tame reading on U.S. inflation bolstered expectations of a Federal Reserve rate cut next month, with President Donald Trump's attempts to extend his grip over U.S. institutions also undermining the currency.The dollar index , measuring the currency against a basket of peers, fell to 97.62, its lowest since July 28, extending its 0.5% fall on Tuesday. It was last down 0.3% at 97.70.

6 hours ago

S&P 500, Nasdaq futures at record highs on September rate cut hopes

Aug 13 (Reuters) - Futures tracking the S&P 500 and the Nasdaq indexes were pinned at record highs on Wednesday, buoyed by increasing confidence that the Federal Reserve could restart its monetary policy easing cycle next month.Signs that U.S. taxes on imports have not fully filtered into headline consumer prices sparked a relief rally on Wall Street in the previous session, with the benchmark S&P 500 (.SPX), marking its first record high close in two weeks.

6 hours ago

World shares hit record as rate cut hopes, tame inflation data buoy sentiment

LONDON, Aug 13 (Reuters) - Global shares hit a record high and the dollar weakened on Wednesday as investors cheered mild inflation data, and expectations of a U.S. rate next month buoyed demand for riskier assets.The MSCI All Country World Index (.MIWD00000PUS), of shares climbed for a second day and reached 951.74, an all-time high. Japan's Nikkei stock index (.N225), , meanwhile, set a fresh peak for a second straight session.European stocks (.STOXX), advanced 0.5%, with German shares (.GDAXI), adding 0.6%. Defence (.SXPARO), stocks led the gains, up 1.2%.

6 hours ago

Stocks hit fresh record high but US dollar weakens as Fed rate cut expectations gain momentum

NEW YORK/LONDON, Aug 12 (Reuters) - World shares hit record highs on Tuesday after U.S. consumer prices data fueled expectations of an impending Federal Reserve interest rate cut in September, and a trade war truce between Washington and Beijing also buoyed sentiment.On Wall Street, the benchmark S&P 500 and the Nasdaq hit record highs after losing ground in the previous session. All 11 sectors on the S&P 500 advanced, led by stocks in communication services, technology and financials.

Aug 12, 2025 - 6:06 PM

Mining

India proposes minerals exchange to regulate metals trading

India’s Ministry of Mines has introduced a bill in the lower house of Parliament to establish a national minerals exchange aimed at regulating the trading of minerals and metals, a copy of the bill showed.The proposed exchange would facilitate trading in minerals and metals under rules framed by the central government.It would also maintain a comprehensive data bank of trading activity and include regulations to prevent insider trading and market manipulation.

Aug 12, 2025 - 4:45 PM

S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes

NEW YORK, Aug 12 (Reuters) - The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.The Labor Department said the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July, while annual inflation came in slightly below forecasts, drawing calls from U.S. President Donald Trump to lower interest rates.

Aug 12, 2025 - 4:35 PM

Gold nudges higher after US inflation data

Aug 12 (Reuters) - Gold prices edged higher on Tuesday after U.S. inflation data sustained expectations of Federal Reserve interest rate cuts, while attention turned to other key economic data due this week.Spot gold rose 0.1% to $3,347.34 an ounce at 1:50 p.m. EDT (1750 GMT).The dollar eased , making bullion cheaper for buyers holding other currencies.

Aug 12, 2025 - 2:52 PM

Reuters

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India set to allow its private firms to mine and import uranium to help nuclear expansion

Dollar extends weakness as anticipation mounts of Fed interest rate cut

Fed cut seen near certain after inflation data, Bessent comments

Albemarle says Chile lithium plant operating normally after incident last week

Samarco gets court approval to exit bankruptcy proceedings

Gold rises on increasing Fed rate-cut bets, weaker dollar

Nomura sees Fed rate cut in September as inflation cools

TSX futures rise as Fed rate cuts prospects continue to boost sentiment

Dollar slips to two-week low as investors eye Fed cut

S&P 500, Nasdaq futures at record highs on September rate cut hopes

World shares hit record as rate cut hopes, tame inflation data buoy sentiment

Stocks hit fresh record high but US dollar weakens as Fed rate cut expectations gain momentum

India proposes minerals exchange to regulate metals trading

S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes

Gold nudges higher after US inflation data

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