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EXCLUSIVE-China waives tariffs on US ethane imports, sources say
SINGAPORE, April 29 (Reuters) - China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday.The move will ease pressure on Chinese firms that import U.S. ethane for petrochemical production as well as ...Reuters
Tue, Apr 29
House Republicans propose $15 billion for air traffic control, new $200 EV fee
April 29 (Reuters) - U.S. House Republicans are proposing $15 billion in new funding for air traffic control reform and a new $200 fee on electric cars as part of wide-range tax reform bill under consideration.The House Transportation and Infrastructure Committee on Wednesday will take up the propos...Reuters
Tue, Apr 29
Air Cargo Demand Grows 4.4% In March - IATA
April 29 (Reuters) - AIR CARGO DEMAND GROWS 4.4% IN MARCH - IATAMARCH TOTAL DEMAND, MEASURED IN CARGO TONNE-KILOMETERS (CTK), INCREASED BY 4.4% COMPARED TO MARCH 2024 LEVELS- IATAMARCH CAPACITY, MEASURED IN AVAILABLE CARGO TONNE-KILOMETERS (ACTK), EXPANDED BY 4.3% COMPARED TO MARCH 2024- IATAReuters
Tue, Apr 29
EXCLUSIVE-Malaysia's Petronas and Commonwealth LNG in talks for term supply, say sources
By Marwa Rashad, Curtis Williams and Emily Chow April 29 (Reuters) - Malaysian state-owned oil and gas firm Petroliam Nasional, or Petronas, is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's facility in Cameron, Louisiana, according to four trading and ind...Reuters
Tue, Apr 29
PRESS DIGEST-Canada - April 29
April 29 (Reuters) - The following are the top stories from a selected Canadian newspaper. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL-Mark Carney, the former central banker who sought elected office for the first time, led the Liberals to a minori...Reuters
Tue, Apr 29
World Bank sees commodity prices falling to pre-COVID levels
World Bank: Commodity prices to fall 12% in 2025, 5% in 2026Falling commodity prices could moderate inflation risks from rising trade barriers-World BankWorld Bank report forecasts Brent crude at $64/barrel in 2025 vs $81 in 2024By David LawderWASHINGTON, April 29 (Reuters) - The World Bank on Tuesd...Reuters
Tue, Apr 29
BP to invest $2.5 bln in BPX unit this year-CEO
April 29 (Reuters) - BP PLC BP.L:BP CEO SAYS PLANNING TO INVEST $2.5 BILLION IN BPX THIS YEARBP SAYS FALLING INTEREST RATES IN EUROPE HELP DRIVE INTEREST IN OUR DIVESTMENT PROGRAMMEBP CEO SAYS WE ARE NOW ABOVE OUR PLANNING BASIS FOR REFINING MARGINS AFTER Q1 MIDWEST OVERSUPPLY OF GASOLINE, ROTTERDAM...Reuters
Tue, Apr 29
Maersk says it has maintained all trans-Pacific sailings despite tariff, trade uncertainty
By Louise Rasmussen COPENHAGEN, April 29 (Reuters) - Maersk MAERSKb.CO said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsising some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.G...Reuters
Tue, Apr 29
U.S. nuclear power plant outages
April 29 (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 Tota...Reuters
Tue, Apr 29
Kazakhstan's April oil output exceeds OPEC+ quota despite 3% fall
Kazakhstan's April 1-28 oil output at 1.814 mln bpd - sourceKazakhstan's OPEC+ quota stands at 1.473 mln bpd MOSCOW, April 29 (Reuters) - Kazakhstan oil production was again above its OPEC+ quota this month, although it fell 3% from the March average, according to an industry source famil...Reuters
Tue, Apr 29
Alcoa Corporation Issues Statement Following Country-Wide Power Outage In Spain
Alcoa Corp AA.N:ALCOA CORPORATION ISSUES STATEMENT FOLLOWING COUNTRY-WIDE POWER OUTAGE IN SPAINALCOA CORP: SAN CIPRIÁN COMPLEX WAS IMPACTED BY WIDESPREAD POWER OUTAGE ACROSS SPAINALCOA CORP: REFINERY AND SMELTER AT COMPLEX WERE AFFECTEDALCOA CORP: CONDUCTING ASSESSMENT TO DETERMINE FULL EXTENT OF O...Reuters
Tue, Apr 29
Belgium open to bigger role in Congo minerals sector, foreign minister says
By Ange Kasongo KINSHASA, April 29 (Reuters) - Belgium is open to deeper involvement in Democratic Republic of Congo's minerals sector, its foreign minister said on a visit to the former Belgian colony, which is seeking to diversify its investment partners. The vast Central African nation is ...Reuters
Tue, Apr 29
Bunge Foundation, Brazil environment agency to fight forest fires
By Ana ManoSAO PAULO, April 29 (Reuters) - The Bunge Foundation has signed a cooperation agreement in Brazil to train indigenous fire brigades in five states through 2029, according to a statement on Tuesday.The foundation, backed by U.S. grain trader and food processor Bunge, said the partnership w...Reuters
Tue, Apr 29
Argentina's YPF to cut gasoline, diesel prices by 4% from May 1 - statement
BUENOS AIRES, April 29 (Reuters) - Argentina's state energy firm YPF said on Tuesday that it would lower gasoline and diesel prices at the pump by 4% from May 1, citing international oil prices and the domestic exchange rate amongst other factors.The price cut comes as international oil prices a...Reuters
Tue, Apr 29
RPT-COLUMN-Asia's LNG demand stays muted in April while Europe eases: Russell
By Clyde RussellLAUNCESTON, Australia, April 29 (Reuters) - Asia's imports of liquefied natural gas (LNG) remained tepid in April while Europe's started to show signs of the usual seasonal easing as winter peak demand passed.Asia, the world's biggest importer of the super-chilled fuel, i...Reuters
Tue, Apr 29
PRECIOUS-Gold falls amid easing trade tensions, focus on US data
Trump to reduce impact of auto tariffs, commerce secretary saysSpot gold to retest support at $3,293 - technicalsBy Brijesh Patel April 29 (Reuters) - Gold slipped on Tuesday as signs of easing tensions in the U.S.-China trade dispute weighed on the safe-haven metal, while investors awaited a ser...Reuters
Tue, Apr 29
GRAINS-Corn and soy ease on crop progress, wheat steadies after slide
Corn, soybean prices fall as U.S. farmers boost plantingWheat rises, improved U.S. weather limits upside in pricesBy Gus Trompiz, Naveen Thukral PARIS/SINGAPORE, April 29 (Reuters) - Chicago corn and soybeans eased on Tuesday, with both markets facing pressure from advancing U.S. planting and fav...Reuters
Tue, Apr 29
Biofuel maker Neste expects limited impact from tariffs, but supply glut still weighs
April 29 (Reuters) - Finnish biofuel maker and oil refiner Neste NESTE.HE expects U.S. tariffs will have only a limited direct impact on its business, it said on Tuesday, but warned of continuous oversupply in renewable fuel and market volatility. "We expect the European policymakers to safe...Reuters
Tue, Apr 29
AstraZeneca says potential US tariffs manageable, faces another China fine
First-quarter revenue misses analyst expectationsReiterates 2025 forecasts, says impact of tariffs manageableAstraZeneca shares fall over 5% before paring lossesBy Maggie Fick and Pushkala Aripaka April 29 (Reuters) - AstraZeneca AZN.L expects only limited impact from potential U.S. tariffs on ph...Reuters
Tue, Apr 29
Silver Price Forecast: XAG/USD rises to near $33.30, capitalizes on US-China trade uncertainty
Silver price (XAG/USD) trades higher to near $33.30 during European trading hours on Tuesday. The white metal gains as investors start doubting whether de-escalation in the trade war between the United States (US) and China is underway.
Fxstreet
Tue, Apr 29
