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PRECIOUS-Gold zooms past $3,300/oz as investors seek shelter from tariff war
Dollar holds near three-year lowGold hits record high of $3,332.89Powell says U.S. economy appears to be slowingBy Brijesh Patel April 16 (Reuters) - Gold prices extended their record run on Wednesday to breach $3,300 per ounce, as a weaker dollar and escalating U.S.-China trade tensions pushed i...Reuters
Wed, Apr 16
Einhorn's Greenlight gained 8.2% in Q1, remains bullish on gold
By Svea Herbst-BaylissNEW YORK, April 16 (Reuters) - Hedge fund Greenlight Capital gained 8.2% in the first three months of 2025, buoyed by a bet on gold that it said should pay off further as it expects Trump administration policies to continue roiling financial markets.Greenlight founder David Ein...Reuters
Wed, Apr 16
Puerto Rico goes dark after widespread power plant failure
SAN JUAN, April 16 (Reuters) - Puerto Rico was hit with a massive power outage on Wednesday after energy plants across the island unexpectedly shut down, power generator Genera said.Puerto Rico has long dealt with chronic power outages, including a blackout on New Year's Eve, as its infrastructu...Reuters
Wed, Apr 16
US Plains HRW Wheat-Farmers delay sales while waiting for rain
CHICAGO, April 16 (Reuters) - Spot basis bids for hard red winter (HRW) wheat remained mostly steady in the southern U.S. Plains on Wednesday as farmer selling was minimal, dealers said.* Farmers are holding off on booking advance sales of the upcoming harvest because of uncertainty over whether rai...Reuters
Wed, Apr 16
EU eases deforestation law reporting for companies
By Kate Abnett and Maytaal AngelBRUSSELS, April 16 (Reuters) - Companies will need less paperwork to comply with the European Union's anti-deforestation law as of December when it kicks in with changes by the European Commission.The law will ban imports of commodities including soy, beef, cocoa ...Reuters
Wed, Apr 16
Puerto Rico goes dark after widespread power plant failure
SAN JUAN, April 16 (Reuters) - Puerto Rico was hit with a massive power outage on Wednesday after energy plants across the island unexpectedly shut down, power generator Genera said.The firm added in a post on X it was working to bring backup units online and to investigate the cause of the incident...Reuters
Wed, Apr 16
Ukraine, US make 'substantial progress' on minerals deal, Kyiv says
KYIV, April 16 (Reuters) - Ukraine and the United States have made "substantial progress" in their talks on a minerals deal and will sign a memorandum in the near future, First Deputy Prime Minister Yulia Svyrydenko said on Wednesday. U.S. President Donald Trump is seeking a bilateral mine...Reuters
Wed, Apr 16
Einhorn's Greenlight gained 8.2% in Q1, remains bullish on gold
NEW YORK, April 16 (Reuters) - Hedge fund Greenlight Capital returned 8.2% in the first three months of 2025, buoyed by a bet on gold that should continue to pay off amid Trump administration policies are likely to continue causing chaos in financial markets.Reuters
Wed, Apr 16
BP begins loading its first LNG cargo from Venture Global's Calcasieu Pass plant
By Curtis Williams April 16 (Reuters) - BP Plc BP.L will begin loading its first shipment of liquefied natural gas from Venture Global's VG.N Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data. The BP-chartered vessel British Mentor was about to dock at the Calcas...Reuters
Wed, Apr 16
US Cash Grains-Corn, soy basis flat-higher; rain expected to slow plantings
CHICAGO, April 16 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to stronger at grain elevators and processing facilities in the Midwest on Wednesday.* Farmers who are planting the crops face delays from rains that are forecast to hit areas of the Midwest and Plains in the comi...Reuters
Wed, Apr 16
California sues Trump administration to block tariffs
By Brendan Pierson April 16 (Reuters) - California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.Trump imposed 10% tariffs on go...Reuters
Wed, Apr 16
EU wheat hits new lows as Algerian tender and euro weigh
PARIS/HAMBURG, April 16 - European wheat hit new contract lows on Wednesday after traders reported that French wheat had not been accepted in a tender by Algeria, confirming France's difficulties in selling to what was once its largest export market.A new rise in the euro against the dollar also...Reuters
Wed, Apr 16
GRAINS-Soybeans rise on weaker dollar; tariff threats priced in
Soy, wheat rise on weaker dollarCorn ticks up on weather risksBy Heather SchlitzCHICAGO, April 16 (Reuters) - Chicago soybean futures gained strength from a weaker dollar and signs that China would be open to trade negotiations with the U.S. on Wednesday, though strong supply from South America and ...Reuters
Wed, Apr 16
Spotify says is back up after outage affecting thousands of users globally
April 16 (Reuters) - Music streaming platform Spotify SPOT.N said its services were back online after thousands of users worldwide experienced disruptions on Wednesday.The outage began around 8:45 a.m. ET and led to nearly 49,000 incidents being reported at its peak about an hour later, according to...Reuters
Wed, Apr 16
Europe Gasoline/Naphtha-Gasoline margins fall despite US stockdraw
LONDON, April 16 (Reuters) - Northwest European gasoline refining profit fell by $1.30 a barrel on Wednesday, even as U.S. stocks fell by more than expected over the last week.A total of 2,000 metric tons of Eurobob E5 traded, with BP selling to TotalEnergies.Another 6,000 tons of Eurobob E10 traded...Reuters
Wed, Apr 16
METALS-Copper steadies on upbeat Chinese data, softer dollar
By Eric Onstad LONDON, April 16 (Reuters) - Copper prices edged higher on Wednesday as stronger Chinese economic growth and a weaker dollar offset an escalating U.S.-China trade war that is fuelling fears of a demand downturn.Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) w...Reuters
Wed, Apr 16
Peru copper output flat at 216,955 tons in February
LIMA, April 16 (Reuters) - Copper output in Peru, the world's third-largest producer of the red metal, was virtually flat in February from the same month a year ago, data from the nation's energy and mines ministry showed on Wednesday.Output landed at 216,955 metric tons, up just 0.01% f...Reuters
Wed, Apr 16
Galp lifts first LNG cargo from Venture Global's Calcasieu Pass plant
April 16 (Reuters) - Portugese energy firm Galp Energia GALP.LS said on Wednesday it lifted its first liquefied natural gas (LNG) cargo from Venture Global's VG.N Calcasieu Pass export facility in Louisiana under an agreement signed several years ago.The company said the cargo signals the start ...Reuters
Wed, Apr 16
Sustainable Finance Newsletter - Banks ease climate coalition rules
By Ross Kerber April 16 (Reuters) - The largest bank climate coalition loosened some of its membership rules, its chair told Reuters, as you can read about below. Some context for the move is the turn away from environmental priorities by the administration of U.S. President Donald Trump. In fact...Reuters
Wed, Apr 16
