October NY world sugar #11 (SBV25) on Friday closed up +0.08 (+0.52%), and December London ICE white sugar #5 (SWZ25) closed up +1.10 (+0.24%). Sugar prices settled higher on Friday as they consolidated this week's sharp losses. On Thursday, NY sugar slumped to a 4.25-year nearest-futures low, and London sugar slid to a 4-year low. Ramped-up sugar production in Brazil is boosting supplies and undercutting prices. Unica reported Wednesday that Brazil's Center-South sugar output in the second half of August rose by +18% y/y to 3.872 MT. Also, the percentage of sugarcane crushed for sugar by Braz...

The reimposition of UN sanctions on Iran drew closer on Friday after the Security Council in New York rejected a draft resolution that would have prolonged their suspension. Economic sanctions first imposed between 2006 and 2010 are now expected to take effect again on September 28, unless a last-minute agreement is reached with Tehran. Germany, France and the United Kingdom - known collectively as the E3 states - triggered the so-called "snapback" sanctions mechanism in late August, accusing Iran of serious breaches of the landmark 2015 nuclear accord. They cite, among other violations, urani...

A US federal court on Friday threw out a defamation action brought by President Donald Trump against the New York Times, saying the complaint was needlessly long and detailed. Judge Steven Merryday, from a district court in Florida, gave the president 28 days to amend the complaint. Complaints have to be phrased "fairly, precisely, directly, soberly, and economically," Merryday said. In its current form it runs to 85 pages, although it relates to only two cases of defamation, according to the judge. "A complaint is not a megaphone for public relations," he wrote in his ruling, calling on Trump...

Employers in the embattled German steel sector on Friday presented a pay offer that foresees the extension of current contracts plus a one-off payment, drawing immediate rejection from the IG Metall trade union. The offer in the second round of pay talks applies to the steel industry in north-western Germany and provides for a payment of €500 (590) for the first nine months of 2026, the AGV Stahl employers' association said. IG Metall, Germany's largest union with some 2.3 million members, said the offer was completely unacceptable. Lead union negotiator Knut Giesler accused employers of rejec...

FOOTBALLFive Bundesliga matches, including Hoffenheim v Bayern Munich at 1330 and RB Leipzig v Cologne at 1630 - Seven Premier League matches, including Liverpool v Everton at 1130 and Manchester United v Chelsea at 1630 - Five LaLiga matches, including Real Madrid v Espanyol at 1415 - Three Serie A matches, including Hellas Verona v Juventus at 1600 _____ ATHLETICSWorld championships in Tokyo, seven medal events, including women's 20km race walk at 2230 Friday, women's 5,000m at 1229 and men's 800m at 1322 _____ MOTORSPORTQualifying for the Azerbaijan Formula One Grand Prix at 1200, after fin...