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Corn, soybeans firm on slower U.S. harvest pace; wheat gains 1%

SINGAPORE, Sept 27 (Reuters) - Chicago corn and soybean futures rose on Tuesday, with both markets gaining after hitting an almost two-week low in the last session, supported by slower-than-expected pace of the U.S. harvest. Wheat prices gained more than 1% after falling for the last two sessions. FUNDAMENTALS * The Chicago Board of Trade (CBOT) most-active corn contract Cv1 rose 0.4% to $6.69 a bushel, as of 0117 GMT and soybeans Sv1 added 0.3% to $14.14-3/4 a bushel.
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British Business - Sept 27

Sept 27 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Unilever plc ULVR.L is to start the search for a new chief executive officer after Alan Jope said that he intended to retire at the end of next year after five years in charge.
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Gold firms on dollar pullback, rate-hike jitters cap gains

Sept 27 (Reuters) - Gold prices rose on Tuesday as the dollar's rally paused, but prices held close to a 2-1/2-year low on expectations of further policy tightening by the U.S. Federal Reserve in its efforts to quell soaring inflation. FUNDAMENTALS * Spot gold XAU= gained 0.6% at $1,631.89 per ounce, as of 0103 GMT. Prices hit their lowest level since April 2020 at $1,620.20 on Monday.
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Australian shares rise on mining, energy boost

Sept 27 (Reuters) - Australian shares edged up on Tuesday, boosted by mining and energy stocks, as investors took a breather after a sharp selloff spurred by expectations of higher interest rates by the U.S. central bank raised fears of an economic slowdown. The S&P/ASX 200 index .AXJO advanced 0.5% by 0016 GMT. The benchmark hit a three-month low on Monday and has lost about 3.4% since the U.S.
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Hedge funds dump distillates as recession risks intensify: Kemp

By John Kemp LONDON, Sept 26 (Reuters) - Portfolio investors anticipate an imminent recession that will hit consumption of middle distillates such as diesel especially hard, based on recent position changes in futures and options markets. Hedge funds and other money managers sold the equivalent of 8 million barrels in the six most important petroleum-related futures and options contracts in the week to Sept.

Oil prices steady on prospect of balancing supply after steep selloff

* Iraq oil minister says OPEC monitoring prices, seeks market balance By Laila Kearney Sept 27 (Reuters) - Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier selloff. Brent crude futures LCOc1 rose 26 cents, or 0.3%, to $84.32 per barrel by 0033 GMT, while U.S.
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Plunging pound pauses as investors await policy response

* Sterling and risk-sensitive currencies bounce in Asia * Traders eye BOE economist talk at 1100 GMT By Tom Westbrook SYDNEY, Sept 27 (Reuters) - Sterling steadied on Tuesday, but was perched above its record low only thanks to soaring yields on British debt and the hope of a response from policymakers or politicians, with its gyrations unnerving markets to the benefit of the dollar.
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Australia, NZ dlrs get a break from selling, bears still in control

By Wayne Cole SYDNEY, Sept 27 (Reuters) - The Australian and New Zealand dollars enjoyed a rare bounce on Tuesday as investors trimmed oversold positions and volatility eased a little, though the overall bearish trend showed no sign of reversing as yet. The Aussie edged up 0.4% to $0.6482 AUD=D3 , having hit its lowest since May 2020 at $0.6438 overnight.
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Financial Times - Sept 27

Sept 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK government borrowing costs suffer historic rise after hit to gilts Link - UK lenders pause new mortgages amid market turmoil Link - Britain's Labour party stands for 'sound money', Starmer to tell party conference Link - Fed official warns UK tax cuts increase risk of global recession Link - UK retailer Matalan's founder quits
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Colombia gov't agrees to ease tax changes to oil, mining

BOGOTA, Sept 26 (Reuters) - Colombia's government agreed on Monday to modify a tax reform proposal under debate in congress and continue to allow oil and mining companies to deduct royalty payments from their taxes in the wake of a wave of industry criticism. The government has agreed to back continued royalty deductions in exchange for raising income taxes on extractive industries by 5% and increasing an export tax to 20% for oil and coal sold above certain threshold prices, Finance Minister Jo

Gas crisis lands LNG cargo market in hands of energy giants

By Marwa Rashad and Chen Aizhu LONDON/SINGAPORE, Sept 27 (Reuters) - Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for poorer states reliant on it to generate power and driving up costs for big Asia economies.
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Tokyo's Nikkei share average opens up 0.58 pct

TOKYO, Sept 27 (Reuters) - Japan's benchmark Nikkei average .N225 opened up 0.58 percent at 26,585.38 on Tuesday, while the broader Topix .TOPX gained 0.45 percent at 1,872.71.
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Story on U.S. ethanol plant emissions is withdrawn

Sept 26 (Reuters) - Reuters has withdrawn a Sept. 8 story comparing carbon emissions at U.S. ethanol plants and oil refineries because of flaws in its interpretation of data that led to inaccurate estimates of pollution at individual ethanol plants. The errors stemmed in part from a misinterpretation of Environmental Protection Agency data that included emissions from non-fuel products produced by the ethanol plants, such as alcohol for beverages or sanitizer.

Wheat, corn and soybean futures sag on recession fears

By Julie Ingwersen CHICAGO, Sept 26 (Reuters) - U.S. wheat futures fell more than 2%, and corn and soybeans followed the weaker trend on Monday as fears of a global economic downturn, a rising dollar and expectations of a bumper wheat crop in Russia weighed on commodity markets, analysts said. Forecasts for favorably dry weather for the harvest in the Midwest added pressure.

Puerto Rican municipal workers pitch in as power outages persist

By Ivelisse Rivera SAN JUAN, Sept 26 (Reuters) - Puerto Rican government workers tried to forge their own path to restoring power on Monday, when about 40% of the island was without electricity more than a week after Hurricane Fiona struck. As of 1 p.m. (1700 GMT) on Monday, Puerto Rico grid operator LUMA Energy said power had been restored to 59% of its roughly 1.5 million customers following the Sept.

Australian shares set to edge higher, NZ falls

Sept 27 (Reuters) - Australian shares are likely to snap a three-day losing streak on Tuesday, as investors look set to take a breather after a steep selloff that was spurred by prospects of increasing interest rates and worries of recession in the United States. The local share price index futures YAPcm1 rose 0.3%, a 13.6-point premium to the underlying S&P/ASX 200 index .AXJO close.
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Wall Street waters choppy amid negative macro 'tsunami'

* U.S. stocks decline, following Europe and Asia * VIX fear gauge jumps 6% * Dollar strong after Sterling slump * Gold, oil down in choppy trading By Lawrence Delevingne Sept 26 (Reuters) - U.S. stocks and oil prices declined in choppy trading on Monday, while the dollar and Treasury yields pushed higher, as Wall Street digested a raft of mixed macroeconomic news.
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Czech government slightly raises 2023 deficit target to $11.5 bln

PRAGUE, Sept 26 (Reuters) - The Czech government approved the 2023 central state budget draft with a deficit of 295 billion crowns ($11.5 billion), above a previously debated target of 270 billion crowns, Finance Minister Zbynek Stanjura said on Monday. The rise includes higher spending on social support in light of Europe's energy crisis, including caps on energy prices for households and small companies, as well as an increase in defence spending and investments into infrastructure, he said.

RBNZ's Orr says tightening cycle mature but still a little more to do

By Lucy Craymer WELLINGTON, Sept 27 (Reuters) - New Zealand Central Bank Governor Adrian Orr on Tuesday said the central bank still had some work to do but the tightening cycle was already very mature. "We still have some work to do but the good news is because we've done so much already the tightening cycle is very mature, it's well advanced," Orr said at the New Zealand Council of Trade Unions Alternative Economic Strategy Launch in Wellington.

S.Korean inflation expectations fall for a second month in Sept

SEOUL, Sept 27 (Reuters) - South Korean consumers' inflation expectations fell in September for a second month after six months of rises, although the decline was small, a central bank survey showed on Tuesday The Bank of Korea said in a statement respondents to the survey gave a median answer of 4.2% when asked about their expectations for consumer inflation for the coming 12-month period, down from 4.3% in August, when the rate fell from 4.7% in July.



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