The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Prices of coal have surged over the past couple months, in what may be a sign that supply-side reforms are starting to work in China, with prices likely to continue getting support from the onset of the La Nina weather phenomenon later this year.
Benchmark thermal coal prices at the Australian port of Newcastle have gained about 30 percent year-to-date to about $67 a ton.
The rally came on the back of production curbs in China, as the government ordered a 500-million-ton of coal production cut in three to five years.
The output cut however, was behind schedule with just 95 million tons cut by end-July — about 38 percent of this year's 250 million ton targeted cut, China's National Development and Reform Commission said Thursday.
But nature may step in to help coal as the likely onset of the La Nina weather phenomenon will bring heavy rain to Australia and Indonesia, disrupting commodity production. Both countries are large coal producers.
The weather event was likely to take place from the fourth quarter of this year to the first quarter of next year, said Fitch Group's BMI Research in a report.
During the last La Nina event, from 2010 to 2011, prices of coking coal rose sharply as economic growth rose in tandem with the adverse weather.
Although coal prices were unlikely to restage a rally as dramatic as 2011's this time around, there would be a slight boost even amid a well-supplied market, said BMI Research in a note.
BMI Research has raised its average price forecast for the year for thermal coal to $53 a ton this year from $51 a ton. It had a prediction of $57 a ton from $52 a ton last year.
"Prices would still be supported temporarily from the fourth quarter by investor behaviour such as panic buying, speculation and stockpiling, " the BMI added in a note. Panic buying isn't uncommon when there are supply disruptions as buyers try to stockpile the product.
But even as long-slumping coal prices were set to rise, there's one group that wasn't likely to benefit: coal producers.
Any boost in coal prices wasn't likely to flow through to company's bottom lines as floodwaters could damage infrastructure and lead to a loss in sales revenue should producers miss shipments, BMI said.
Follow CNBC International on and Facebook.