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Poland says it will challenge Mercosur trade deal in EU's top court
WARSAW, April 24 (Reuters) - Poland will file a complaint to the European Union's top court about the bloc's free trade agreement with South America, Deputy Prime Minister Wladyslaw Kosiniak-Kamysz said on Friday, as Warsaw tries to stop a deal it says will harm farmers.Along with France, Po...Reuters
Fri, Apr 24
Gold holds near $4,700 but heads for weekly loss on higher-for-longer rate outlook
Gold (XAU/USD) steadies on Friday, erasing earlier losses but remains on track to close the week in negative territory, as macro headwinds linked to ongoing Middle East tensions keep buyers on the sidelines.
Fxstreet
Fri, Apr 24
P&G expects $1 billion impact on fiscal 2027 profit from higher costs, says CFO
April 24 (Reuters) - Procter & Gamble Co PG.N CFO Andre Schulten says:Company expects a $1 billion after-tax impact on profit in its fiscal year 2027, which begins in July, from higher costs due to the Middle East conflict and higher oil prices.Reuters
Fri, Apr 24
Pentagon chief Hegseth says Iran has chance to make a 'good deal'
WASHINGTON, April 24 (Reuters) - Defense Secretary Pete Hegseth said on Friday Iran had a chance to make a "good deal" with the United States, and added that 34 ships had been turned around from the Strait of Hormuz by the U.S. Navy so far.Reuters
Fri, Apr 24
Russia says it will continue to help Cuba withstand US pressure
MOSCOW, April 24 (Reuters) - Russia's Foreign Ministry said on Friday that Moscow stands in solidarity with Cuba and will continue to provide humanitarian aid to the communist‑ruled island, rejecting what it described as blackmail and threats from Washington.Washington halted oil shipments to Cu...Reuters
Fri, Apr 24
Canada Approves Expansion of Enbridge's Westcoast Natgas Pipeline System
April 24 (Reuters) - GOVERNMENT OF CANADA'S DEPARTMENT OF NATURAL RESOURCES:SAYS IT HAS APPROVED SUNRISE EXPANSION PROGRAM IN BRITISH COLUMBIASAYS THE $4-BILLION NATGAS EXPANSION OF ENBRIDGE'S WESTCOAST PIPELINE SYSTEM WILL PROVIDE UP TO 300 MILLION CUBIC FEET PER DAY OF ADDITIONAL TRANSPORT...Reuters
Fri, Apr 24
Norfolk Southern first-quarter profit slips as fuel and costs rise
April 24 (Reuters) - Norfolk Southern NSC.N reported a fall in first-quarter profit on Friday, as higher operating costs coupled with rising fuel prices weighed on the railroad operator's earnings.Fuel prices have climbed sharply in the wake of U.S.-Israeli war on Iran, adding pressure to margin...Reuters
Fri, Apr 24
Oil: Tight gas outlook and conflict risks support prices – BNY
BNY’s Bob Savage reports that Oil remains a key market barometer as the Iran war disrupts supply, with Brent up sharply and the International Energy Agency warning that the global natural gas market will stay tight for at least two more years.Fxstreet
Fri, Apr 24
Brazilian government rejects calls for state-run critical minerals firm
SAO PAULO, April 24 (Reuters) - Brazil's government sees no need to create a state-run company focused on critical minerals, Industry Minister Marcio Elias Rosa said on Friday, pushing back against recent proposals from lawmakers to establish a state-backed entity dubbed Terrabras."There is ...Reuters
Fri, Apr 24
Russia says EU sanctions will have dire consequences amid global squeeze
MOSCOW, April 24 (Reuters) - Russian Foreign Ministry spokeswoman Maria Zakharova said on Friday that restrictions on hydrocarbons in new EU sanctions against Russia would have dire consequences given the current global shortage of resources.The EU adopted its 20th package of sanctions against Russi...Reuters
Fri, Apr 24
Switzerland to gradually reopen Tehran embassy
FRANKFURT, April 24 (Reuters) - The Swiss government said on Friday it was gradually reopening its embassy in Iran, sending a small team of diplomats this week.The embassy was temporarily closed on March 11 on security concerns over the U.S.-Israeli war against Iran.Reuters
Fri, Apr 24
Procter & Gamble Q3 sales rise 7%, beat estimates
OverviewConsumer goods maker's fiscal Q3 net sales rose 7%, beating analyst expectationsCore EPS increased 3%, beating analyst expectationsCompany maintained full-year sales and EPS guidanceOutlookP&G maintains fiscal 2026 all-in sales growth guidance of 1% to 5%Company expects fiscal 2026 d...Reuters
Fri, Apr 24
Only five ships pass through Strait of Hormuz in 24 hours
By Jonathan Saul LONDON, April 24 (Reuters) - Only five ships, including one Iranian oil products tanker, have passed through the Strait of Hormuz in the past 24 hours, Friday shipping data showed, after Iran seized two container ships this week and the U.S. continues to blockade Iranian ports.Sh...Reuters
Fri, Apr 24
RPT-ROI-You can milk a nut. What big dairy’s ‘word policing’ says about political overreach: Marty Fridson
By Marty FridsonNEW YORK, April 24 (Reuters) - Have you ever purchased almond milk under the mistaken assumption that it came from a cow? Probably not. So why do U.S. lawmakers keep trying to “protect” consumers from just such an error? Micromanaging language makes for lousy economics, as it can har...Reuters
Fri, Apr 24
Oilfield services provider SLB posts lower first-quarter profit
April 24 (Reuters) - SLB SLB.N reported a fall in first-quarter profit on Friday, as disruptions from the war in Iran hit demand for oilfield services in a key oil-producing region.The Houston-based company said net income attributable to the company was $752 million, or 50 cents per share, for the ...Reuters
Fri, Apr 24
Euro zone short-dated yields rise as Hormuz tensions weigh on rate outlook
By Stefano Rebaudo April 24 (Reuters) - Euro zone short-dated government bond yields were headed for their biggest weekly rise in over a month as tensions over the Strait of Hormuz spurred energy prices higher, stoking inflation fears and European Central Bank rate hike expectations.Brent futures...Reuters
Fri, Apr 24
Yara beats quarterly profit view on strong nitrogen margins, shares rise
First-quarter core earnings ahead of expectationsYara expects higher gas costs for much of the yearFertiliser companies benefit from higher pricesBy Jesus Calero and Tristan Veyet April 24 (Reuters) - Norwegian fertiliser maker Yara YAR.OL logged a bigger-than-expected rise in first-quarter core ...Reuters
Fri, Apr 24
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