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Norfolk Southern warns fuel costs will pressure coming quarters
By Apratim Sarkar April 24 (Reuters) - Norfolk Southern NSC.N said on Friday that surging fuel prices will continue to pressure earnings in the coming quarters after higher fuel costs weighed on margins and pushed first-quarter profit lower. Fuel prices have climbed sharply in the wake of t...Reuters
Fri, Apr 24
EXCLUSIVE-Advent-owned firm investigated in Brazil for alleged links to organized crime
Advent's Caldic under Brazilian criminal and regulatory investigation over methanol salesBrazil's largest crime syndicate, First Capital Command acquired Caldic-supplied methanol: source Company says cooperating, internal audit found no evidence of management involvementFuel regulator restri...Reuters
Fri, Apr 24
European states accuse Russia of trying to erase memory of Stalin's crimes after monument disappears
Tomsk memorial to Stalin's victims dismantledEmbassies of Poland, Estonia, Lithuania and Latvia protestRussia accuses four of destroying Soviet army monuments Lawmaker says West uses Russia's history as a weapon By Andrew Osborn MOSCOW, April 23 (Reuters) - Four European states have accus...Reuters
Fri, Apr 24
US natgas drops to 17-month low as storage rises on mild weather and weak demand
Mild weather and low demand to boost gas storage levels to 8% above normal, analysts sayLow spot prices prompt producers like EQT to cut outputSome Texas and California power and gas prices turn negative as renewables meet demandBy Scott DiSavino NEW YORK, April 24 (Reuters) - U.S. natural gas fu...Reuters
Fri, Apr 24
Silver Price Forecast: XAG/USD struggles below medium-term SMAs, bearish tone intact
Silver (XAG/USD) trades flat on Friday, lacking clear direction as upside remains capped by Oil-driven inflation linked to ongoing US-Iran tensions, which have raised expectations of a prolonged higher interest rate environment.
Fxstreet
Fri, Apr 24
CBOT Trends-Wheat mixed, corn up 1-2 cents per bushel, soybeans mixed
CHICAGO, April 24 (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 Friday: WHEAT - Down 1 to up 1 cent per bushelWheat's rally paused as traders assessed chances for rain in parche...Reuters
Fri, Apr 24
PRECIOUS-Gold set for weekly loss as inflation concerns linger on US-Iran uncertainty
Gold hits lowest since April 13, set to fall more than 2% on the weekIran Foreign Minister to arrive in Pakistan for talks - sourceOil, dollar, Treasury yields, all set for weekly gainBy Ishaan Arora April 24 (Reuters) - Gold prices edged higher on Friday but were on course for their first weekly...Reuters
Fri, Apr 24
GLOBAL LNG-Asia spot LNG prices edge higher as Hormuz remains blocked, eyes on US-Iran talks
Asian LNG prices rise on US-Iran tensions, Hormuz blockadeChina's limited storage and heatwave may boost LNG demand, analysts sayEuropean gas prices up; Golden Pass LNG adds supply but disruptions persistBy Marwa Rashad LONDON, April 24 (Reuters) - Asia spot liquefied natural gas (LNG) prices...Reuters
Fri, Apr 24
Pentagon chief Hegseth says US blockade on Iran 'going global'
WASHINGTON, April 24 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Friday that a U.S. blockade on Iran is going global, adding Tehran had a chance to make a "good deal" with Washington."Our blockade is growing and going global," Hegseth told reporters."No one sails from...Reuters
Fri, Apr 24
Oil: Blockade keeps upside inflation risks elevated – MUFG
MUFG’s Derek Halpenny links the prolonged Strait of Hormuz closure to rising Oil and input costs, with agricultural and fuel prices already surging. Halpenny assumes crude Oil averages USD 115 in Q2, lifting US inflation toward 3.8% later this year.Fxstreet
Fri, Apr 24
Iran war leaves seafarers stranded in the Gulf
Stranded Indian seafarers face shortages and safety fearsSome shipping companies reluctant to repatriate crews due to costsIndia has repatriated 2,680 seafarers; three have been killedBy Saurabh Sharma NEW DELHI, April 24 (Reuters) - Ankit Yadav, a seafarer from India, has been stuck on a boat a...Reuters
Fri, Apr 24
Iran dropped more mines in Hormuz Strait earlier this week, Axios reporter says on X
April 24 (Reuters) - Iran dropped more mines in the Strait of Hormuz earlier this week, Axios reporter Barak Ravid said on X Friday, shortly after U.S. Defense Secretary Pete Hegseth said that attempts to lay more mines would be a violation of the ceasefire.Reuters
Fri, Apr 24
Russia vows to help Cuba withstand US 'blackmail and threats'
MOSCOW, April 24 (Reuters) - Russia said on Friday that it stood in solidarity with Cuba and would continue to provide humanitarian aid to the Communist‑run island republic, rejecting what it described as blackmail and threats from Washington. U.S. President Donald Trump has said that he expects ...Reuters
Fri, Apr 24
Brazil rejects calls for state-run critical minerals firm, questions state deal with US
SAO PAULO, April 24 (Reuters) - Brazil's government sees no need to create a state-run company focused on critical minerals and believes a cooperation agreement inked by the state of Goias with the United States is unconstitutional, Industry Minister Marcio Elias Rosa said on Friday.Rosa pushed ...Reuters
Fri, Apr 24
GRAINS-Wheat pauses after rally as traders assess weather and war
BEIJING/PARIS, April 24 (Reuters) - Chicago wheat futures edged down on Friday, pausing after a six-week high as traders assessed chances for rain relief in parched U.S. wheat belts and prospects for de-escalation in the Middle East.Corn was higher while soybeans were almost flat, with traders monit...Reuters
Fri, Apr 24
Russia says new EU sanctions will hurt developing countries
MOSCOW, April 24 (Reuters) - Russia said on Friday that new European Union sanctions on its oil and gas would hurt developing countries and the EU itself, and promised to retaliate. The EU adopted a 20th package of sanctions against Russia over Moscow's war in Ukraine on Thursday, includi...Reuters
Fri, Apr 24
Trump grants 90-day Jones Act waiver extension to curb energy costs
Extends time for foreign vessels to move key US commoditiesHighlights ongoing split over Jones Act shipping rules and costsComes amid continued volatility in global energy markets tied to the Iran conflictBy Jarrett Renshaw April 24 (Reuters) - President Donald Trump granted a 90-day extension to...Reuters
Fri, Apr 24
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