News
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FACTBOX-Trump's tariffs and threatened trade actions
June 4 (Reuters) - The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit the...Reuters
Wed, Jun 4
CBOT Trends-Wheat up 3-4 cents, corn up 4-5, soy up 5-6
CHICAGO, June 4 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Up 3 to 4 cents per bushelCBOT wheat Wv1 rose on Wednesday, underpinned by signs of a hardening conf...Reuters
Wed, Jun 4
EU picks 13 new critical material projects, including in Greenland
EU seeks to cut reliance on China for critical materialsProjects to receive financial support from EU, member statesProjects come on top of 47 announced within the EUBy Julia Payne PARIS, June 4 (Reuters) - The European Union on Wednesday announced 13 new raw material projects outside the bloc to...Reuters
Wed, Jun 4
Burning cargo ship carrying 3,000 vehicles abandoned off Alaska
By Jonathan SaulJune 4 (Reuters) - The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday.The 22 crew members were safely evacuated from the ship aft...Reuters
Wed, Jun 4
Autoliv works to prevent disruptions from China rare earths
Autoliv plants remain in operationHas set up task force to tackle China export curbsNot planning any major US investmentBy Marie Mannes STOCKHOLM, June 4 (Reuters) - Autoliv, the world's biggest maker of airbags and seatbelts, has established a task force to tackle China's restric...Reuters
Wed, Jun 4
UK PM Starmer confident US deal will be implemented before tariff deadline
US gives UK reprieve from 50% steel tariffNew deadline to implement US-UK tariff dealStarmer "very confident" tariff will come down to zeroUK Steel urges end to uncertainty over tariff timingsBy Alistair Smout LONDON, June 4 (Reuters) - British Prime Minister Keir Starmer said on Wednesda...Reuters
Wed, Jun 4
US NYMEX natgas average daily futures and options volumes fell in May
June 4 (Reuters) - Average daily volume (ADV) in U.S. natural gas futures and options fell on the New York Mercantile Exchange in May from a year earlier, data from its owner CME Group CME.O showed.For the month, futures ADV was 479,724 contracts, down 10.8% from a year ago. Futures ADV hit a monthl...Reuters
Wed, Jun 4
Russia's oil and gas budget revenue falls by more than a third in May
Russia oil and gas budget revenue fell to 512.7 bln rbls in MayRussia's budget deficit is wideningRussia has opposed OPEC+ output hike, sources say MOSCOW, June 4 (Reuters) - Russia's oil and gas revenue fell by 35% year-on-year in May to 512.7 billion roubles ($6.55 billion), data fr...Reuters
Wed, Jun 4
PRECIOUS-Gold holds ground as jobs data offsets safe-haven demand
Trump calls China's Xi tough, 'hard to make a deal with'Gold may trade in $3,300-$3,400 range in short term - analystBy Brijesh Patel and Anushree Mukherjee June 4 (Reuters) - Gold prices held steady on Wednesday as stronger U.S. jobs data countered safe-haven demand driven by sim...Reuters
Wed, Jun 4
GRAINS-Wheat, corn and soybeans stay firm as war and tariff news monitored
Ukraine-Russia war headlines underpin wheat pricesHopes for U.S. trade progress with China, Vietnam support corn and soyFair U.S. crop weather still hangs over grain marketsBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, June 4 (Reuters) - Chicago wheat, corn and soybeans rose on Wednesday, un...Reuters
Wed, Jun 4
RPT-COLUMN-Five charts on key US electricity and power generation trends: Maguire
By Gavin MaguireLITTLETON, Colorado, June 4 (Reuters) - U.S. power producers have lifted output from both fossil fuels and clean energy sources to new highs so far in 2025, on the back of steadily rising energy demand from data centers, businesses and households. Average retail electricity prices ha...Reuters
Wed, Jun 4
Mercedes-Benz: in talks with suppliers over rare earth 'buffers'
By Christoph SteitzRASTATT, Germany, June 4 (Reuters) - Mercedes-Benz MBGn.DE is talking to its top suppliers about building rare earth stockpiles even though the carmaker has not seen any impact from a shortage that has caused some suppliers to shut down plants and production lines."We have lea...Reuters
Wed, Jun 4
Howden hires parametric experts Steiner and Anand from agriculture firm Syngenta
By Henry GaleJune 4 - (The Insurer) - Peter Steiner and Kanika Anand from agriculture firm Syngenta's weather and credit risk management team have joined Howden, they said in LinkedIn posts on Monday.Steiner's job title at Howden will be executive director for agriculture and nature parametr...Reuters
Wed, Jun 4
RPT-WRAPUP 8-Doubled US metals tariffs kick in as deadline for 'best offers' arrives
Tariff increases on steel, aluminium affect Canada and Mexico significantlyUK exempt from increased tariffs due to preliminary trade dealTrading partners urged to submit proposals to avoid 'Liberation Day' tariffsEU trade negotiator says he had 'constructive' talk with U.S. represent...Reuters
Wed, Jun 4
CORRECTED-Local firms drive new growth phase in Nigeria's oil sector
Green Energy completes first onshore Otakikpo terminal Conoil launches Obodo crude gradeRenaissance Energy plans $15 bln investment over 5 yearsBy Isaac Anyaogu LAGOS, June 3 (Reuters) - Nigeria is witnessing a significant shift in its oil and gas landscape as local companies expand their roles, ...Reuters
Wed, Jun 4
Gold finds floor as US-China trade tensions resurface
Gold trades broadly stable on Wednesday’s mid-European session, paring back some gains seen earlier in the day, driven by a weaker US Dollar (USD), as doubts over a US-China trade deal grow given recent comments from US President Donald Trump.
Fxstreet
Wed, Jun 4
WRAPUP 1-Europe's auto parts suppliers suspend output due to China's rare earth curbs
BMW says supplier network affected, but plants running normallySupplier association CLEPA warns of further production outages due to shortagesChina produces around 90% of the world's rare earthsBy Victoria Waldersee BERLIN, June 4 (Reuters) - Some European auto parts plants have suspended out...Reuters
Wed, Jun 4
Australia, EU determined to seal trade deal as talks revived, Farrell says
By Kirsty Needham SYDNEY, June 4 (Reuters) - Australia and the European Union have revived talks for a sweeping free trade agreement, after Australia's trade minister Don Farrell met with the European Commissioner for Trade Maroš Šefčovič in Paris on Wednesday.The meeting on the sidelines of ...Reuters
Wed, Jun 4
