Latest news with #MattSimpson
Yahoo
13-06-2025
- Business
- Yahoo
Stocks sell off, oil surges as Israel strikes Iran
(Corrects to show oil prices rose, not fell, in headline) SINGAPORE (Reuters) -Israel said early on Friday that it struck Iran, and Iranian media said explosions were heard in Tehran as tensions mounted over U.S. efforts to win Iran's agreement to halt production of material for an atomic bomb. Two U.S. officials who spoke on condition of anonymity said there was no U.S. assistance or involvement in the operation. MARKET REACTION: U.S. stock futures fell more than 1%, oil prices jumped and U.S. Treasuries rose. The U.S. dollar, Japanese yen and Swiss franc rallied. QUOTES: MATT SIMPSON, SENIOR MARKET ANALYST, CITY INDEX, BRISBANE: "A surge of one-way volatility to the demise of risk appetite is playing out on reports of Israel's strike on Iran, with traders pushing the yen, Swiss franc and gold higher while global index futures point lower. "Oil prices surged 6% in minutes on supply concerns, taking its 3-day total to 12.3%. This could keep volatility elevated heading into the weekend, with traders likely wanting to hedge gap risks for next week." JESSICA AMIR, MARKET STRATEGIST, ONLINE TRADING PLATFORM MOOMOO, SYDNEY: 'We've seen equities stalling for some time, and it just appears that this is the catalyst that will probably send equities down lower. Stocks are up 30% globally, and you've got the MSCI World Index at a record, so there's room for fat to be taken off the table. 'What's going to continue to soar higher is, obviously, the defensive sectors, so utilities, energy, and also defence (companies) themselves. 'The (Middle East) region is a huge supplier of oil and obviously there's now the thinking that some of that supply could be cut off at a time when we've got demand really starting to pick up.' HIROFUMI SUZUKI, CHIEF FX STRATEGIST, SMBC, TOKYO: "The situation in the Middle East has further deteriorated, and the heightened geopolitical risks are being strongly felt in the FX market. With the rise in risk-off sentiment, the Japanese yen is likely to be bought. The USD/JPY exchange rate is seeing the 140 yen level, observed in April, as a potential support level." TONY SYCAMORE, ANALYST, IG, SYDNEY: "I thought Israel might give Iran the benefit of the doubt ahead of weekend talks with the U.S., but they've obviously decided to go it alone. "While details are sparse regarding the targets, risk asset markets are not in the mood to wait and find out. "This morning's alarming escalation is a blow to risk sentiment and comes at a crucial time after macro and systematic funds have rebuilt long positions and investor sentiment has rebounded to bullish levels. While we await further news and a potential response from Iran, we are likely to see a further deterioration in risk sentiment as traders cut risk seeking positions ahead of the weekend." KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, CORPAY, TORONTO: "Traders are scurrying for safety as reports of a strike on Iran cross the wires, but details on the scale and magnitude of the attack remain scarce and moves have been relatively limited thus far." CHARU CHANANA, CHIEF INVESTMENT STRATEGIST, SAXO, SINGAPORE: "The geopolitical escalation adds another layer of uncertainty to already fragile sentiment. "The key question now is whether this marks a brief flare-up or the beginning of broader regional escalation. If the situation de-escalates quickly, markets may retrace some of the initial moves. But if tensions rise — particularly with any threat to oil supply routes — the risk-off mood could persist, keeping upward pressure on crude and haven assets." 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Business Recorder
05-06-2025
- Business
- Business Recorder
Gold steady as traders await US payroll data for economic cues
Gold prices were stable on Thursday as investors assessed weaker-than-expected US data and ongoing global economic and political uncertainties, while looking ahead to US payroll data for further economic cues. Spot gold held its ground at $3,372.91 an ounce, as of 0354 GMT. US gold futures edged down 0.1% to $3,396.60. 'Like most markets at present, gold finds itself in a holding pattern and at the whim of Trump's trade headlines — supported, yet hesitant to trade above this week's high,' said Matt Simpson, a senior analyst at City Index. 'Volatility is also suppressed while we await comments from FOMC members and Friday's NFP report … If anything, it points to a stronger jobs change figure, which could weigh on gold.' The US services sector contracted in May for the first time in nearly a year, as businesses faced higher input costs amid growing fears of stagflation. Gold gained support after the Federal Reserve reported a slowdown in US economic activity, citing rising costs and prices driven by increased tariff rates since the last policy meeting. Bullion gained additional momentum after US President Donald Trump reiterated his call to Fed Chair Jerome Powell on Wednesday to cut interest rates. The ADP National Employment Report showed that US private employers added in May the fewest number of workers in more than two years, with investors awaiting Friday's nonfarm payrolls report for further clues on the labor market. Trump's doubling of tariffs on steel and aluminum imports took effect, with his administration seeking 'best offers' from trade partners to avoid further levies slated for July. Gold price per tola surges Rs5,900 in Pakistan Trump described Chinese President Xi Jinping as 'extremely hard to make a deal with,' highlighting tensions ahead of a long-awaited call between the two leaders this week. Gold, a safe-haven asset during times of political and economic uncertainty, tends to thrive in a low-interest-rate environment. Elsewhere, spot silver fell 1.3% to $34.51 an ounce, platinum rose 1.1% to $1,097.13 and palladium was down 0.2% at $998.71.
CNBC
05-06-2025
- Business
- CNBC
Gold steady as traders await U.S. payroll data for economic cues
Gold prices were stable on Thursday as investors assessed weaker-than-expected U.S. data and ongoing global economic and political uncertainties, while looking ahead to U.S. payroll data for further economic cues. Spot gold held its ground at $3,372.91 an ounce, as of 0354 GMT. U.S. gold futures edged down 0.1% to $3,396.60. "Like most markets at present, gold finds itself in a holding pattern and at the whim of Trump's trade headlines — supported, yet hesitant to trade above this week's high," said Matt Simpson, a senior analyst at City Index. "Volatility is also suppressed while we await comments from FOMC members and Friday's NFP report ... If anything, it points to a stronger jobs change figure, which could weigh on gold." The U.S. services sector contracted in May for the first time in nearly a year, as businesses faced higher input costs amid growing fears of stagflation. Gold gained support after the Federal Reserve reported a slowdown in U.S. economic activity, citing rising costs and prices driven by increased tariff rates since the last policy meeting. Bullion gained additional momentum after U.S. President Donald Trump reiterated his call to Fed Chair Jerome Powell on Wednesday to cut interest rates. The ADP National Employment Report showed that U.S. private employers added in May the fewest number of workers in more than two years, with investors awaiting Friday's nonfarm payrolls report for further clues on the labor market. Trump's doubling of tariffs on steel and aluminum imports took effect, with his administration seeking "best offers" from trade partners to avoid further levies slated for July. Trump described Chinese President Xi Jinping as "extremely hard to make a deal with," highlighting tensions ahead of a long-awaited call between the two leaders this week. Gold, a safe-haven asset during times of political and economic uncertainty, tends to thrive in a low-interest-rate environment. Elsewhere, spot silver fell 1.3% to $34.51 an ounce, platinum rose 1.1% to $1,097.13 and palladium was down 0.2% at $998.71.
Yahoo
02-06-2025
- Business
- Yahoo
Brazil Potash Announces Launch of Brazilian Depositary Receipts (BDRs) on B3 Exchange
Brazil Potash Management Team BDRs will provide Brazilian investors direct access to invest in the largest domestic potash development project Strategic step to expand investor base in Brazil, aligning with National Fertilizer Plan's goal of reducing import dependence Trading on B3 complements existing NYSE American listing (GRO) MANAUS, Brazil, May 27, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ("Brazil Potash" or the "Company") (NYSE-American: GRO), a mineral exploration and development company with a critical mineral potash mining project, the Autazes Project, today announced the successful launch of its Brazilian Depositary Receipts (BDRs) on the B3 S.A. – Brasil, Bolsa, Balcão ("B3"), Brazil's main stock exchange. The BDRs have been approved for listing on B3 and will begin trading on May 26, 2025 under the ticker symbol GROP31. The BDR program will allow Brazilian investors to directly participate in the ownership of Brazil Potash, which is developing the strategic Autazes Potash Project in Amazonas state. This domestic investment opportunity aligns with Brazil's National Fertilizer Plan, which aims to reduce the country's dependence on fertilizer imports from 85% to 45% by 2050. "We're proud to offer this investment opportunity to the Brazilian market, where the impact of our project will be directly felt," said Matt Simpson, Chief Executive Officer of Brazil Potash. "Our company was created to address a critical vulnerability in Brazil's agricultural supply chain. Now, through the BDR program, Brazilian investors can participate in building domestic potash capacity that will support the country's position as the world's largest net exporter of agricultural products." The BDRs will be backed by Brazil Potash's common shares, which will continue to trade on the NYSE American exchange under the ticker symbol "GRO." Each BDR will represent 1:1 of a common share of the Company. This dual listing approach enhances the Company's visibility in both North American and Brazilian capital markets, improving liquidity and broadening the investor base. Banco Bradesco S.A. will serve as the depositary institution for the BDR program. The BDRs are being issued as Sponsored Level I BDRs, governed by CVM Instruction 332, CVM Instruction 480, and the B3 Issuers Regulation and Manual. About Brazil Potash Brazil Potash (NYSE-American: GRO) ( is developing the Autazes Project to supply sustainable fertilizers to one of the world's largest agricultural exporters. Brazil is critical for global food security as the country has amongst the highest amounts of fresh water, arable land, and an ideal climate for year-round crop growth, but it is vulnerable as it imported over 95% of its potash fertilizer in 2021, despite having what is anticipated to be one of the world's largest undeveloped potash basins in its own backyard. The potash produced will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi ( one of Brazil's largest farmers and logistical operators of agricultural products. With an initial planned annual potash production of up to 2.4 million tons per year, Brazil Potash's management believes it could potentially supply approximately 20% of the current potash demand in Brazil. Management anticipates 100% of Brazil Potash's production will be sold domestically to reduce Brazil's reliance on potash imports while concurrently mitigating approximately 1.4 million tons per year of GHG emissions. Forward-Looking Statements Disclaimer All statements, other than statements of historical fact, contained in this press release constitute "forward-looking statements" and are based on the reasonable expectations, estimates and projections of the Company as of the date of this press release. The words "plans," "expects," or "does not expect," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "does not anticipate," or "believes," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will be taken," "occur" or "be achieved" and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the trading of BDRs on B3; the potential benefits of the BDRs or the Autazes Project, the status of the Company's project, government regulation and environmental regulation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. Contact:Brazil Potash Investor Relationsinfo@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
02-06-2025
- Business
- Associated Press
Brazil Potash Year to Date Summary: Company Achieves Milestones, Advancing Strategic Autazes Project Further Towards Construction
Achievements Include Commercial Agreements, World-Class Board Appointments, Construction Progress, and Enhanced Capital Access Management to Attend Wells Fargo Industrials Conference on June 10, 2025, in Chicago MANAUS, Brazil, June 02, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ('Brazil Potash' or the 'Company') (NYSE-American: GRO), a mineral exploration and development company with a critical mineral potash mining project, the Autazes Project, provides a summary of significant year-to-date achievements across governance, commercial, operational, and financial initiatives as it progresses toward construction of the strategic Autazes Potash Project. The Company will discuss these accomplishments with investors at the Wells Fargo Industrials Conference on June 10, 2025, in Chicago, Illinois. 'Year to date 2025 has demonstrated exceptional momentum for Brazil Potash as we continue to achieve key milestones to bring this transformative project to production,' said Matt Simpson, Chief Executive Officer of Brazil Potash. 'From strengthening our board with world-class industry leaders to securing commercial partnerships and advancing construction activities, we've made substantial progress across all fronts. Looking ahead, we're excited about several anticipated milestones including finalizing additional offtake agreements, advancing our power line financing structure, and continuing early works construction. With Brazil importing over 98% of its potash needs, our project represents a potential strategic solution for the country's agricultural security while creating substantial value for our shareholders.' 2025 Strategic Milestones Achieved: Commercial & Government Relations Progress Governance & Leadership Enhancement Autazes Potash Project Construction & Operational Advancement Enhanced Capital Access About Brazil Potash Brazil Potash (NYSE-American: GRO) ( is developing the Autazes Project to supply sustainable fertilizers to one of the world's largest agricultural exporters. Brazil is critical for global food security as the country has amongst the highest amounts of fresh water, arable land, and an ideal climate for year-round crop growth, but it is vulnerable as it imported over 95% of its potash fertilizer in 2021, despite having what is anticipated to be one of the world's largest undeveloped potash basins in its own backyard. The potash produced will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi ( one of Brazil's largest farmers and logistical operators of agricultural products. With an initial planned annual potash production of up to 2.4 million tons per year, Brazil Potash's management believes it could potentially supply approximately 20% of the current potash demand in Brazil. Management anticipates 100% of Brazil Potash's production will be sold domestically to reduce Brazil's reliance on potash imports while concurrently mitigating approximately 1.4 million tons per year of GHG emissions. Forward-Looking Statements Disclaimer All statements, other than statements of historical fact, contained in this press release constitute 'forward-looking statements' and are based on the reasonable expectations, estimates and projections of the Company as of the date of this press release. The words 'plans,' 'expects,' or 'does not expect,' 'is expected,' 'budget,' 'scheduled,' 'estimates,' 'forecasts,' 'intends,' 'anticipates,' or 'does not anticipate,' or 'believes,' or variations of such words and phrases or statements that certain actions, events or results 'may,' 'could,' 'would,' 'might,' or 'will be taken,' 'occur' or 'be achieved' and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the advancement of the Autazes Project; the impact of various accomplishments and contracts; construction and operational advancement; government relations progress; trading of BDRs on B3; the status of the Company's project, government regulation and environmental regulation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. Contact: Brazil Potash Investor Relations [email protected]
