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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 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
Gold Price Forecast: XAU/USD drifts higher above $3,050 amid escalating US-China trade tensions
The Gold price (XAU/USD) edges higher to around $3,080 during the late American session on Wednesday. The safe-haven demand amid escalating trade tensions between the United States and China provides some support to the precious metal.Fxstreet
Wed, Apr 9
Energy Transfer signs deal with MidOcean for Lake Charles, Louisiana, LNG project
April 9 (Reuters) - U.S. pipeline operator Energy Transfer ET.N said on Wednesday it entered into a nonbinding agreement with MidOcean Energy to jointly develop the Lake Charles LNG export facility in Louisiana.MidOcean will pay for 30% of the construction costs of the facility and receive 30% of th...Reuters
Wed, Apr 9
Climate activist shareholder group Follow This pauses big oil campaign
LONDON, April 10 (Reuters) - Climate activist shareholder group Follow This said on Thursday a lack of investor appetite has forced it to suspend its nearly decade-long campaign seeking stronger commitments from major oil and gas producers to emission cuts.The Dutch group started filing climate reso...Reuters
Wed, Apr 9
LIVESTOCK-CME live cattle, hogs surge on tariff pause announcement
By Renee Hickman CHICAGO, April 9 (Reuters) - Chicago Mercantile Exchange cattle and hog futures rallied on Wednesday as U.S. President Donald Trump said he would temporarily lower many of the hefty tariffs he announced last week, though levies on Chinese imports into the country are set to rise ...Reuters
Wed, Apr 9
Trump order sets new expiration dates on existing energy rules, White House says
April 9 (Reuters) - U.S. President Donald Trump on Wednesday signed an executive order that aims to boost energy production by automatically cutting "outdated regulations," the White House said.The move is the latest in a string of efforts by Trump's administration to pump up domestic en...Reuters
Wed, Apr 9
CIF/FOB Gulf Grain-Soybean barge basis firm on river shipping woes
CHICAGO, April 9 (Reuters) - Spot basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals firmed for a second day on Wednesday as tight supplies in the river market and slow barge movement further lifted values from early-week lows, traders said.* CIF corn basis bids were mostly stea...Reuters
Wed, Apr 9
Occidental Petroleum flags higher prices for oil and gas production in Q1
By Vallari Srivastava April 9 (Reuters) - U.S. shale firm Occidental Petroleum OXY.N said on Wednesday the prices it received for oil and gas production during the first quarter were higher than in the preceding three months.Benchmark Brent crude LCOc1 prices averaged $74.98 a barrel during the ...Reuters
Wed, Apr 9
US Cash Crude-Mars eases after strengthening in previous session
April 9 (Reuters) - Mars Sour eased on Wednesday after doubling in the previous session as a key pipeline shipping Canadian crude to feed U.S. refineries went offline. The Keystone oil pipeline from Canada to the United States remained shut on Wednesday following an oil spill near Fort Ransom, North...Reuters
Wed, Apr 9
Motiva restarting FCC at Port Arthur, Texas refinery, sources say
HOUSTON, April 9 (Reuters) - Motiva Enterprises began restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery on Wednesday, said two people familiar with plant operations. The 81,000-bpd FCC was shut on January 21 for a planne...Reuters
Wed, Apr 9
CANADA-CRUDE-Western Canada Select heavy crude discount widens
April 9 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $10.30 a barrel under WTI, according to brokerage CalRock, after havi...Reuters
Wed, Apr 9
Peru mining chamber sees copper output up 2-4% this year
By Daina Beth Solomon SANTIAGO, April 9 (Reuters) - Peru's copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca.That would put Peru's copper production between 2.79 million and 2.85 millio...Reuters
Wed, Apr 9
US Cash Grains-Corn, soy basis bids up as farmer selling halts
CHICAGO, April 9 (Reuters) - Spot basis bids for soybeans and corn ticked higher in the U.S. Midwest on Wednesday as farmer selling ground to a halt amid low futures prices, dealers said. * The soy basis rose at an Indiana crush plant, an Iowa elevator, an Iowa crush plant and an Iowa processor.* Th...Reuters
Wed, Apr 9
Trump order sets new expiration dates on existing energy rules, White House says
April 9 (Reuters) - U.S. President Donald Trump on Wednesday signed an executive order that aims to boost energy production by automatically cutting "outdated regulations", the White House said. "The order requires ten agencies and subagencies to insert a one-year expiration date into ex...Reuters
Wed, Apr 9
Trump executive order establishes funding to revive US shipbuilding
April 9 - President Donald Trump on Wednesday signed an executive order that establishes funding for his plan to revive U.S. shipbuilding.Other directives include increasing the fleet of U.S.-flagged ships and creating a security plan for Arctic trade lanes, according to a fact sheet released by the...Reuters
Wed, Apr 9
Constellation Brands Repositions Wine And Spirits Business To A Portfolio Of Exclusively Higher-Growth, Higher-Margin Brands Aligned To Consumer-Led Premiumization Trends
April 9 (Reuters) - Constellation Brands Inc STZ.N:CONSTELLATION BRANDS REPOSITIONS WINE AND SPIRITS BUSINESS TO A PORTFOLIO OF EXCLUSIVELY HIGHER-GROWTH, HIGHER-MARGIN BRANDS ALIGNED TO CONSUMER-LED PREMIUMIZATION TRENDSCONSTELLATION BRANDS INC - REVIEW EXPECTED TO DELIVER NET ANNUALIZED COST SAVIN...Reuters
Wed, Apr 9
Germany's Aurubis to ramp up new US copper recycling facility
By Pratima DesaiSANTIAGO, April 8 (Reuters) - Aurubis NAFG.DE will be ramping up its copper recycling smelter in the U.S. this year, the German company's CEO Toralf Haag told Reuters on Wednesday, adding Aurubis sees more potential for investment in future years.Aurubus has invested $800 million...Reuters
Wed, Apr 9
CBOT declares force majeure for Ohio River wheat shipping stations
CHICAGO, April 9 (Reuters) - The CME Group, parent of the Chicago Board of Trade, declared force majeure for wheat shipping stations on the Ohio River due to flooding, the exchange said in a statement on Wednesday.High water and/or flooding made grain load-out impossible at delivery points for CBOT ...Reuters
Wed, Apr 9