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GRAINS-Soybeans rise after Trump's tariff U-turn
CANBERRA, April 10 (Reuters) - Chicago soybean futures extended gains on Thursday after shooting up 2% in the previous session when U.S. President Donald Trump said he would pause tariff increases on dozens of countries to allow time for trade negotiations. Trump's stunning U-turn sent equities ...Reuters
Thu, Apr 10
Japan April-June crude steel output forecast to fall 4.9% on-year, METI says
Predicts 20.20 million tons of crude steel output for April-JuneMarks 6th consecutive quarterly decline, the lowest in 5 yearsForecast does not fully reflect impact of U.S. tariffsBy Yuka Obayashi TOKYO, April 10 (Reuters) - Japan's crude steel output, not yet factoring in the impact of U.S. ...Reuters
Thu, Apr 10
Malaysia's palm oil stocks rise for first time in 6 months in March
Palm oil stocks rise 3.52% m/m to 1.56 million tons in MarchOutput rises 16.76% m/m to 1.39 million tonsExports edge up 0.91% m/m to 1.01 million tonsImports surge 82.5% to 121,886 tons, highest in 21 monthsBy Ashley Tang and Rajendra Jadhav KUALA LUMPUR, April 10 (Reuters) - Malaysia's palm ...Reuters
Thu, Apr 10
Anglo's Australian coal mine stable after underground fire
JOHANNESBURG, April 10 (Reuters) - Anglo American AAL.L said on Thursday the situation at its Moranbah North coal mine is stable and there is no evidence of damage after a fire outbreak underground.Moranbah is part of a suite of steelmaking coal assets that Anglo is selling to Peabody Energy BTU.N i...Reuters
Thu, Apr 10
Gold price rallies further beyond $3,100, eyes all-time high amid US-China tariff war
Gold price (XAU/USD) builds on the previous day's strong move higher and gains some positive follow-through traction for the second consecutive day on Thursday. Despite the optimism led by US President Donald Trump's decision to pause reciprocal tariffs on most nations, concerns about escalating...
Fxstreet
Thu, Apr 10
India Gold price today: Gold extends recovery as US-China trade war deepens
Deepening US-China trade war continues to bolster the haven demand for Gold price in India on Thursday, even though the global stocks rebound on US President Donald Trump's "90-day pause" on reciprocal tariffs for all other countries.Fxstreet
Thu, Apr 10
Japan to act on Chinese steel imports if unfair practices found under WTO rules
TOKYO, April 10 (Reuters) - Japan's trade and industry ministry will consider taking action on imports of Chinese steel if any unfair practices are identified under World Trade Organization rules, a ministry official said on Thursday.The official also said that Japan will continue to urge the U....Reuters
Thu, Apr 10
Trump tariffs to have impact on cost of Orsted's US projects, CEO tells FT
April 10 (Reuters) - Denmark's Orsted ORSTED.CO would have a "meaningful impact" on the cost of its projects in the U.S. due to President Donald Trump's tariffs, CEO Rasmus Errboe told the Financial Times in an interview published on Thursday.Errboe told the newspaper that Revolution...Reuters
Thu, Apr 10
COLUMN-Want to cut your trade surplus with Trump? Crude, LNG and coal can help - a bit: Russell
By Clyde RussellLAUNCESTON, Australia, April 10 (Reuters) - Amid the market carnage and turmoil created by U.S. President Donald Trump's chaotic global tariff roll out and retreat, there are likely some clear trends that will emerge.One of these is that countries seeking to cut a deal with Trump...Reuters
Thu, Apr 10
EU weighs buying more US gas due to Trump tariff pressure, FT reports
April 10 (Reuters) - The European Union will consider buying more natural gas from the U.S. amid increasing pressure from President Donald Trump's tariffs, the bloc's Energy Commissioner Dan Jorgensen told the Financial Times in an interview published on Thursday.Reuters
Thu, Apr 10
China's soybean meal prices drop as soybean imports rise, tariff impact dims
Rising soy imports drag oilseed pricesChina's 84% tariff on US goods met with steady market responseRapeseed meal under pressure from surging Indian supplyBy Ella Cao and Lewis Jackson BEIJING, April 10 (Reuters) - China's soybean meal futures tumbled on Thursday, ending a five-session ra...Reuters
Thu, Apr 10
Trump tariffs to have impact on cost of Orsted's projects in the US, CEO tells FT
April 10 (Reuters) - Denmark's Orsted ORSTED.CO would have a "meaningful impact" on the cost of its projects in the U.S. due to President Donald Trump's tariffs, CEO Rasmus Errboe told the Financial Times in an interview published on Thursday.Reuters
Thu, Apr 10
Orsted CEO Errboe Says Trump's New Tariffs Would Have "Meaningful Impact" On Cost Of Its Projects In US - FT
April 10 (Reuters) - ORSTED CEO ERRBOE SAYS TRUMP’S NEW TARIFFS WOULD HAVE A “MEANINGFUL IMPACT” ON THE COST OF ITS PROJECTS IN THE US - FTSource text: https://tinyurl.com/27dar5jeReuters
Thu, Apr 10
WTI declines below $61.50 as trade war escalates
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the early Asian session on Thursday. The WTI price tumbles amid the escalating trade war between the US and China, and fears of a slowdown in economic growth and energy demand.
Fxstreet
Thu, Apr 10
Silver Price Forecast: XAG/USD holds gains above $31.00 due to renewed safe-haven demand
Silver price (XAG/USD) continues to climb for the second straight day, trading near $31.10 per troy ounce during Thursday’s Asian session. The grey metal surged nearly 4% in the previous session, fueled by renewed safe-haven demand following escalating US-China trade tensions.
Fxstreet
Thu, Apr 10
TC Energy shuts pipeline section near Fennville, Michigan due to a leak
April 9 (Reuters) - TC Energy TRP.TO on Wednesday shut down a part of its ANR pipeline system due to a leak near Fennville, Michigan, causing a natural gas outage in the region.The pipeline was struck by a third party and TC Energy isolated and shut the damaged part of the pipeline after it learned ...Reuters
Thu, Apr 10
RUBBER-Japan futures rebound as Trump's tariffs pause offers relief
TOKYO, April 10 (Reuters) - Japanese rubber futures rose on Thursday, recovering from the previous day's drop, as U.S. President Donald Trump's abrupt decision to pause tariffs for 90 days offered relief to investors.The Osaka Exchange (OSE) rubber contract for September delivery JRUc6, 0#...Reuters
Thu, Apr 10
PRESS DIGEST-Financial Times - April 10
April 10 (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- British Steel prepares to idle one of its two blast furnaces- Keir Starmer shifts focus in US trade talks to cutting 25% tariff on UK...Reuters
Thu, Apr 10
GRAINS-Soybeans rise after Trump's tariff U-turn
CANBERRA, April 10 (Reuters) - Chicago soybean futures extended gains on Thursday after shooting up 2% in the previous session when U.S. President Donald Trump said he would pause tariff increases on dozens of countries to allow time for trade negotiations.Trump's stunning U-turn sent equities a...Reuters
Thu, Apr 10
METALS-London metals rise as Trump's tariff reprieve eases trade war jitters
SHANGHAI, April 10 (Reuters) - Base metal prices in London climbed on Thursday, supported by improved market sentiment after U.S. President Donald Trump decided to temporarily lower the hefty duties he recently imposed on several countries.The benchmark three-month copper CMCU3 on the London Metal E...Reuters
Thu, Apr 10
Oil prices fall as Trump escalates trade war with China
By Arathy SomasekharApril 10 (Reuters) - Oil prices fell around 1% on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries. Brent futures LCOc1 fell 73 cents, 1.1%, to $64.73 a barrel by 01:08 a.m. GMT, whil...Reuters
Thu, Apr 10
COMMODITIES-Energy, metals and grains surge after Trump tariff pause
CHICAGO, April 9 (Reuters) - Oil prices surged from a four-year low on Wednesday and gold rallied in a broad-based commodities and equity market rebound after U.S. President Donald Trump said he would temporarily lower recently enacted tariffs on dozens of countries while further increasing duties..US recognizes Panama's sovereignty over canal, Panama says after talks
PANAMA CITY, April 9 (Reuters) - Panama said on Wednesday the United States recognized its sovereignty over the Panama Canal, despite tough rhetoric from Washington, as the two nations announced agreements to deepen U.S. military training in the Central American nation.Reuters
Thu, Apr 10
Australia's competition regulator greenlights Qube's RoRo terminal deal
April 10 (Reuters) - Australia's competition watchdog said on Thursday it is not opposed to the country's largest integrated terminal and freight logistics provider, Qube QUB.AX, acquiring Melbourne International RoRo & Auto Terminal (MIRRAT), subject to certain undertakings by the firm....Reuters
Wed, Apr 9
Panama government says First Quantum withdraws arbitrations
PANAMA CITY, April 9 (Reuters) - Panama's government on Wednesday said it had received formal confirmation of the withdrawal of the arbitrations against the country filed by Canadian miner First Quantum Minerals FM.TO, following the closure of the Cobre Panama mine at the end of 2023.Reuters
Wed, Apr 9