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EU sets out possible 95-billion-euro response to US tariffs
Wine, aircraft, cars, electrical equipment, machinery on listPublic consultation to June 10 on list of targeted US importsEU repeats that it would prefer negotiated solution with Trump administrationEU also looking into export curbs, planning WTO complaintBy Philip Blenkinsop BRUSSELS, May 8 (Reu...Reuters
Thu, May 8
What's in the US-UK economic deal?
LONDON/WASHINGTON, May 8 (Reuters) - The United States and Britain announced a deal to lower tariffs on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets. Below are some of the main points from the agreement:BASIC 10% TAR...Reuters
Thu, May 8
Talen Energy mulls options to supply data centers after Amazon setback
By Laila Kearney NEW YORK, May 8 (Reuters) - Talen Energy is considering alternative arrangements to supply electricity to data centers after regulators pushed back on a plan to fuel an Amazon data center directly from Talen's Pennsylvania nuclear power plant, executives with th...Reuters
Thu, May 8
US natural gas storage capacity increases in 2024
May 8 (Reuters) - U.S. underground working natural gas storage capacity in the Lower 48 states increased in 2024, the U.S. Energy Information Administration (EIA) said in a report released late Wednesday.The agency said it uses two metrics to assess working gas storage capacity - demonstrated peak c...Reuters
Thu, May 8
EXPLAINER-Why does Saudi Arabia want a civil nuclear deal with the US?
By Yousef Saba DUBAI, May 8 (Reuters) - Saudi Arabia and the United States are discussing a deal to cooperate on the kingdom's ambitions to develop a civil nuclear industry, talks that have long been complicated by regional politics and concerns over weapons proliferation. Here are some of th...Reuters
Thu, May 8
UK's Starmer says US tariff cuts to come into force as soon as possible
LONDON, May 8 (Reuters) - British Prime Minister Keir Starmer said the tariff cuts which were set out in the new U.S. trade deal would come into place as soon as possible. "All of these tariff cuts will come into place as soon as possible," Starmer said during a visit to a factory in central...Reuters
Thu, May 8
Gold reserves in London vaults rise in April as bullion returns from US
LONDON, May 8 (Reuters) - The London Bullion Market Association said on Thursday that gold held in London vaults totalled 8,536 metric tons at the end of April, up 0.6% from the previous month, as more of the precious metal returned from New York to London after dislocation.The premium of the most a...Reuters
Thu, May 8
UK to announce $10 billion Boeing purchase, US commerce secretary says
WASHINGTON, May 8 (Reuters) - The United Kingdom will purchase $10 billion of Boeing BA.N planes, U.S. Commerce Secretary Howard Lutnick said at the White House on Thursday during the announcement of a bilateral trade deal between the UK and the United States.Lutnick did not elaborate, but indicated...Reuters
Thu, May 8
Trump says U.S. reached breakthrough trade deal with Britain
WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump said on Thursday that the United States had reached a breakthrough trade deal with Britain."It's a very big deal right now," Trump told reporters at the White House, adding there would be adjustments made to the pact going forward...Reuters
Thu, May 8
U.S. nuclear power plant outages
May 8 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total o...Reuters
Thu, May 8
US will slash car tariffs on UK to 10%, steel levies to zero, says UK
LONDON, May 8 (Reuters) - Britain's car industry will see U.S. tariffs immediately slashed to 10% from 27.5%, while levies on steel and aluminium will reduce to zero, the British government said on Thursday, as part of an economic deal with the United States.Reuters
Thu, May 8
UK's Starmer says timing of US trade deal could not be more apt
WASHINGTON, May 8 (Reuters) - British Prime Minister Keir Starmer said a new U.S.-British deal announced on Thursday would boost trade and create jobs, adding that the timing could not be better. "Really important deal. This is going to boost trade between and across our countries. It's goi...Reuters
Thu, May 8
Trump says US-UK deal includes metals trading zone, pharma supply chain
WASHINGTON, May 8 (Reuters) - The U.S.-UK trade deal will create an aluminum and steel trading zone and secure the pharmaceutical supply chain, U.S. President Donald Trump said in a social media post on Thursday as the deal was announced at the White House.Reuters
Thu, May 8
CORRECTED-US energy companies seek exemption from Trump plan to move LNG on US-built ships
USTR rules on LNG shipments surprised industryRules go against Trump vow to support US energy dominanceRules would disadvantage US LNG exporters in global marketIndustry says dearth of US shipbuilding makes compliance difficult By Lisa Baertlein and Jarrett Renshaw LOS ANGELES/WASHINGTON, May 7 (...Reuters
Thu, May 8
UK's Starmer says US-UK trade deal delivers on promise to protect Britain's carmakers and steel sector
LONDON, May 8 (Reuters) - British Prime Minister Keir Starmer said on Thursday that the trade deal struck between the U.S. and the UK delivers on promise to protect the country's carmakers and steel sector."I promised to protect British car makers and save our steel," Starmer said on X. ...Reuters
Thu, May 8
WTI Crude Oil climbs as US inventories fall, trade talks support demand outlook
WTI Crude Oil is trading sharply higher on Thursday as oil prices benefit from the combination of falling United States (US) stockpiles and growing optimism around upcoming US–China trade talks, which have raised hopes of a potential de-escalation in tensions between the world’s two largest economie
Fxstreet
Thu, May 8
Trump says rare earth deal with Ukraine concluded
WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump said on Thursday he plans to talk to Ukraine President Volodymyr Zelenskiy now that a rare earth deal with Ukraine has been concluded.Trump said he would be speaking with Zelenskiy soon. He made the comment at an event announcing a U.S.-Briti...Reuters
Thu, May 8
PPG To Invests $380 Million In New Aerospace Coatings Plant In Shelby, NC
May 8 (Reuters) - PPG Industries Inc PPG.N:PPG TO INVEST $380 MILLION TO BUILD NEW U.S. MANUFACTURING FACILITY IN SHELBY, N.C. FOR AEROSPACE COATINGS AND SEALANTSPPG INDUSTRIES INC - CONSTRUCTION TO BEGIN OCTOBER 2025, COMPLETION EXPECTED 2027Reuters
Thu, May 8
REFILE-ARA gasoline stocks rise 7%, Insights Global data shows
LONDON, May 8 (Reuters) - Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks rose 7% to 1.29 million metric tons as production increased owing to h...Reuters
Thu, May 8
