News
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EXCLUSIVE-US considers adjusting port fee plan for Chinese vessels after pushback, sources say
By Jonathan Saul and Renee Maltezou LONDON/ATHENS, April 9 (Reuters) - President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devast...Reuters
Wed, Apr 9
EU countries set to approve first retaliation against U.S. tariffs
EU retaliation only against U.S. steel and aluminium tariffsEU plans 25% tariff on U.S. motorcycles, poultry, fruit importsTrump's broader tariffs take effect on WednesdayBy Philip Blenkinsop BRUSSELS, April 9 (Reuters) - European Union countries are expected to approve on Wednesday the bloc&...Reuters
Wed, Apr 9
China's car sales rise 14.4% on year in March
BEIJING, April 9 (Reuters) - China's car sales rose 14.4% in March from a year earlier, as government-subsidised trade-ins bolstered demand for electric vehicles and plug-in hybrids, despite deepening deflationary pressures in the world's largest auto market.Passenger vehicle sales hit 1.97 ...Reuters
Wed, Apr 9
COMMODITIES-Oil suffers biggest 5-day drop since 2022, metals plunge as trade war escalates
Commodities hit by escalating US-China trade warMetals, palm oil prices decline amid recession fearsCopper hits eight-month low, iron ore slides 3% in ChinaBy Naveen Thukral SINGAPORE, April 9 (Reuters) - Oil prices fell to a four-year low on Wednesday in its worst five-day losing streak in three...Reuters
Wed, Apr 9
Peabody reviews options for $3.78 bln deal for Anglo's coal assets
LONDON, April 9 (Reuters) - Peabody Energy BTU.N is reviewing all options related to its $3.78 billion acquisition agreement with Anglo American AAL.L for some of its Australian steelmaking coal assets after a fire halted production at a mine included in the deal.The deal was signed last year and ex...Reuters
Wed, Apr 9
Russia says Ukraine continues to strike energy infrastructure daily despite US-brokered moratorium
MOSCOW, April 9 (Reuters) - Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday that Ukraine continues to strike Russian energy infrastructure on a daily basis, in violation of a U.S.-brokered 30 day moratorium on strikes on energy infrastructure. Russia and Ukraine have both accu...Reuters
Wed, Apr 9
METALS-Shanghai base metals hover near 8-month lows as trade war intensifies
SHANGHAI, April 9 (Reuters) - Base metals in China fell on Wednesday, with copper hitting an eight-month low, as the current 104% U.S. import tariff on Chinese imports heightened concerns about slowing growth.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) dropped 1.8% to 72,...Reuters
Wed, Apr 9
TABLE-UAE's Fujairah oil inventory data for week ended April 7
April 9 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended April 7, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from...Reuters
Wed, Apr 9
China releases White Paper on US trade and economic ties, Xinhua reports
BEIJING, April 9 (Reuters) - China on Wednesday released a White Paper on its trade and economic ties with the United States, Xinhua reported, reiterating that it would take countermeasures following U.S. President Donald Trump hiking tariffs on Chinese goods.The White Paper said China considered it...Reuters
Wed, Apr 9
Asian buyers shun US farm goods, hit by ship crunch and trade war
SINGAPORE, April 9 (Reuters) - Asian buyers are reducing purchases of U.S. agricultural goods as Washington's planned fees on China-linked vessels and sweeping import duties on key regional trading partners stoke uncertainty and dampen appetite for American products.Reuters
Wed, Apr 9
Goldman expects copper price to drop to $8,300/T in 3Q2025
April 9 (Reuters) - Goldman Sachs on Wednesday said it expected copper prices to drop to a monthly average of $8,300 per metric ton in the third quarter of 2025, citing a potential weakening of industrial production and heightened uncertainty for investment.U.S. President Donald Trump's "rec...Reuters
Wed, Apr 9
BMS: London underwriters pushing for further P&I and marine liability rate rises
By Mia MacGregor, Chris MunroApril 9 - (The Insurer) - London-based underwriters continue to push for improved pricing in blue and brown water protection and indemnity (P&I) and both primary and excess marine liability, while hull and ports and terminals (P&T) rates are trending down, accord...Reuters
Wed, Apr 9
Caspian pipeline operating two of three oil loading moorings after suspension lifted
MOSCOW, April 9 (Reuters) - The Caspian Pipeline Consortium (CPC) has resumed operations at two of the three moorings at its Black Sea export terminal after a Russian court lifted a suspension, it said on Wednesday.It added that it will give further information later about a resumption of operations...Reuters
Wed, Apr 9
CF Industries forms JV with JERA, Mitsui for $4 billion low-carbon ammonia plant
April 8 (Reuters) - CF Industries CF.N said on Tuesday it has formed a joint venture with Japan's largest power generator, JERA, and trading house Mitsui & Co 8031.T to build one of the world's largest low-carbon ammonia facilities for about $4 billion.WHY IS IT IMPORTANTFormer President...Reuters
Wed, Apr 9
US sanctions hit Serbian oil firm NIS' operations despite waivers
NIS has had to switch to spot market purchases, sources sayOMV, Eko no longer buy transport fuel from NIS due to sanctionsNIS says ready to meet obligations, refinery operating normallyBy Robert Harvey and Aleksandar Vasovic LONDON/BELGRADE, April 9 (Reuters) - Serbian oil firm NIS is struggling ...Reuters
Wed, Apr 9
SBM Offshore Signs $400 Mln Sale And Leaseback Agreement For FPSO Cidade De Paraty
April 9 (Reuters) - SBM Offshore NV SBMO.AS:SIGNS US$400 MILLION SALE AND LEASEBACK AGREEMENT FOR FPSO CIDADE DE PARATYTRANSACTION EXPECTED TO COMPLETE BEFORE END OF APRIL 2025OWNERSHIP TO BE TRANSFERRED TO FOUR CHINESE LEASING COMPANIESTO OPERATE ASSET FOR REMAINING 8.5 YEARSSBM OFFSHORE AND ITS PA...Reuters
Wed, Apr 9
AMG Critical Materials Approves $15 Mln Investment For US Chrome Metal Facility
April 9 (Reuters) - AMG Critical Materials NV AMG.AS:APPROVES $15 MILLION INVESTMENT FOR US CHROME METAL FACILITYFACILITY EXPECTED TO BE OPERATIONAL IN Q1 2026NEW CASTLE FACILITY TO BE ONLY US CHROME METAL PRODUCTION SITENEW FACILITY TO HAVE ANNUAL CAPACITY OF 6,500 TONSReuters
Wed, Apr 9
ANALYSIS-Sharp US bond selloff revives flashbacks of COVID-era 'dash-for-cash'
Margin calls, need for liquidity exacerbate bond selloffUnwinding of basis trade reminds investors of 2020 market crashSwap spreads tighten sharply, signaling selling pressureBy Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK, April 9 (Reuters) - A violent U.S. Treasury selloff, evoking th...Reuters
Wed, Apr 9
GRAINS-Soybeans continue recovery on weaker dollar, higher Brazil prices
CANBERRA, April 9 (Reuters) - Chicago soybean futures edged higher on Wednesday, continuing a recovery from four-month lows hit earlier in the week, aided by rising prices in Brazil and a softer dollar, which made U.S. agricultural goods more competitive in global markets.Corn and wheat futures also...Reuters
Wed, Apr 9
COMMODITIES-Oil suffers biggest 5-day drop since 2022, metals plunge as trade war escalates
Commodities hit by escalating US-China trade warMetals, palm oil prices decline amid recession fearsCopper hits eight-month low, iron ore slides 3% in ChinaBy Naveen Thukral SINGAPORE, April 9 (Reuters) - Oil prices fell to a four-year low on Wednesday in its worst five-day losing streak in three...Reuters
Wed, Apr 9
PRESS DIGEST-British Business - April 9
April 9 (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- Barclays BARC.L is scrapping its diversity and inclusivity targets across the United States, the bank said on Tu...Reuters
Wed, Apr 9