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USTR holds "productive" trade meeting with Vietnam, statement says
WASHINGTON, April 24 (Reuters) - U.S. Trade Representative Jamieson Greer held a productive virtual meeting with his Vietnamese counterpart in which they agreed on the importance of making swift progress on reciprocal trade, his office said in a statement on Thursday.Greer and Vietnam Minister of In...Reuters
Thu, Apr 24
US names lead for technical talks with Iran, Politico reports
WASHINGTON, April 24 (Reuters) - Department of State policy planning director Michael Anton will lead a team of about a dozen U.S. government officials to negotiate with Iran in upcoming nuclear talks, Politico reported on Thursday, citing two unidentified U.S. officials.Tehran has said that Iran an...Reuters
Thu, Apr 24
United Airlines invests in aircraft startup JetZero
April 24 (Reuters) - United Airlines UAL.O said on Thursday it has made an investment in JetZero, a startup looking to build a blended wing body aircraft aimed at reducing fuel burn in the skies.United said it can order up to 100 airplanes from JetZero, with an option to acquire another 100, with th...Reuters
Thu, Apr 24
African energy explorer Rhino Resources finds light oil off Namibia
By Wendell Roelf CAPE TOWN, April 24 (Reuters) - Namibia received a boost on Thursday when Rhino Resources discovered "high quality" light oil in its latest well and U.S. oil producer Chevron CVX.N said it was considering a new drilling campaign in either 2026 or 2027.A global exploration...Reuters
Thu, Apr 24
COLUMN-As China nears peak aluminium production, what next?: Andy Home
Chinese production accounts for 60% of global outputNew smelters are being offset by closures of old capacityNew smelters are powered by cleaner fuelBy Andy Home LONDON, April 24 (Reuters) - China's aluminum production juggernaut is finally running out of road as the country's output appr...Reuters
Thu, Apr 24
Valero Energy reports first-quarter loss on lower margins, impairment charges
April 24 (Reuters) - Valero Energy VLO.N reported a first-quarter loss compared with a year-ago profit on Thursday, weighed down by lower refining margins and around $1 billion in impairment charges related to its West Coast assets.Shares of the company declined 1.6% to $112.62 in early trade.Exclud...Reuters
Thu, Apr 24
RPT-Keurig Dr Pepper beats profit estimates on strong U.S. demand
April 24 (Reuters) - Keurig Dr Pepper KDP.O reported first-quarter revenue and profit above Wall Street expectations on Thursday, helped by strong demand for its energy drinks and beverages among U.S. consumers.WHY IT IS IMPORTANTThe Snapple maker saw resilient demand for its higher-priced ready-to-...Reuters
Thu, Apr 24
CBOT Trends-Wheat flat-down 2 cents, corn steady-up 2, soy up 1-5
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 Thursday. WHEAT - Steady to down 2 cents per bushel* CBOT wheat mostly weaker on crop-boosting rains in U.S. winter w...Reuters
Thu, Apr 24
Eni committed to keep 1.5 bln euro buyback even in an adverse scenario
April 24 (Reuters) - Eni ENI.MI top executives told a post-results call with analysts:ENI EXEC: GROUP SEES SETTING UP OF JV WITH PETRONAS BY END OF THIS YEARENI EXEC: GROUP COMMITTED TO KEEP 1.5 BILLION EURO BUYBACK EVEN IN AN ADVERSE SCENARIOENI EXEC: AUTHORITIES IN KAZAKHSTAN HAVE NOT ENGAGED WITH...Reuters
Thu, Apr 24
Trump trade war is wrecking hope for 2025 US trucking rebound
US trucking volume, rates for 2025 seen flat vs 2024, DAT forecastsTrade war seen cooling manufacturing shipment demandUS ocean imports seen declining later this yearBy Lisa Baertlein NEW ORLEANS, April 24 (Reuters) - U.S. truckers are moving record volumes of auto parts, appliances and sneakers ...Reuters
Thu, Apr 24
Brazil's Usiminas posts positive results but warns of uncertainty ahead
SAO PAULO, April 24 (Reuters) - Brazilian steelmaker Usiminas USIM5.SA on Thursday delivered first quarter results above market expectations but flagged that the second half of the year faced challenges amid high interest rates and trade uncertainties.Companies around the world have been bracing for...Reuters
Thu, Apr 24
Gold rises on dip-buying, focus on US-China trade tensions
April 24 (Reuters) - Gold prices rebounded on Thursday as investors bought bullion following a sharp decline in the previous session, while the focus remains on U.S.-China trade tensions.Spot gold XAU= was up 1.6% at $3,338.79 an ounce, as of 1140 GMT. Bullion fell as much as 3% on Wednesday in...Reuters
Thu, Apr 24
WTO says Guatemala, Peru agree on solution in agriculture dispute
BERLIN, April 24 (Reuters) - Guatemala and Peru have submitted a notification to the World Trade Organization's Dispute Settlement Body of a mutually agreed solution in a dispute over trade in agricultural products, the WTO said on its website on Thursday. At any stage during the dispute settlem...Reuters
Thu, Apr 24
Xcel Energy misses first quarter profit estimates on higher costs
April 24 (Reuters) - U.S.-based utility Xcel Energy XEL.O missed Wall Street estimates for first-quarter profit on Thursday, hurt by higher operating and interest expenses. Utility companies have struggled with persistently high interest rates as it has made it more expensive to construct and mai...Reuters
Thu, Apr 24
VW to contribute self-driving electric vans in U.S. pact with Uber
April 24 (Reuters) - Volkswagen VOWG.DE will supply thousands of electric vans in a collaboration agreement with Uber Technologies UBER.N as the partners seek to offer rides in fully autonomous vehicles in the United States over the next decade, the German carmaker said.Testing is expected to begin ...Reuters
Thu, Apr 24
China demand for refined copper depletes stocks, risks short squeeze
By Violet Li and Lewis Jackson NANCHANG/BEIJING, April 24 (Reuters) - China's copper consumers are increasingly turning to refined copper because of tight scrap supplies, six traders and analysts said, and are rapidly burning through stocks, raising concerns about a short squeeze in the marke...Reuters
Thu, Apr 24
GRAINS-Soybeans hold at two-month peak as US-China hopes linger
PARIS/CANBERRA, April 24 (Reuters) - Chicago soybean futures rose for a fourth session on Thursday to hold at a two-month high as comments by U.S. officials on a possible de-escalation in the trade standoff with China continued to lend some support to the oilseed market.Corn edged up to recover from...Reuters
Thu, Apr 24
Keurig Dr Pepper beats profit estimates on strong U.S. demand
April 24 (Reuters) - Keurig Dr Pepper KDP.O reported first-quarter revenue and profit above Wall Street expectations on Tuesday, helped by strong demand for its energy drinks and beverages among U.S. consumers.WHY IT IS IMPORTANTThe Snapple maker saw resilient demand for its higher-priced ready-to-d...Reuters
Thu, Apr 24
CMS Energy posts higher profit on strong power demand from data centers
April 24 (Reuters) - U.S. electric and gas utility CMS Energy CMS.N on Thursday reported a rise in first-quarter profit, helped by higher power demand.The U.S. Energy Information Administration in February forecast power demand to hit record highs in 2025 and 2026, as electric companies are seeing a...Reuters
Thu, Apr 24
Brazilian steelmaker Usiminas' net profit up 845% in first quarter
SAO PAULO, April 24 (Reuters) - Brazilian steelmaker Usiminas USIM5.SA reported on Thursday a first-quarter net profit of 337 million reais ($59.08 million), up 845% from a year earlier, beating market forecasts as sales of both steel and iron ore rose in the period.Analysts polled by LSEG expected ...Reuters
Thu, Apr 24
