News
Important Only
India's wheat procurement begins strong, signalling robust harvest
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI, April 9 (Reuters) - India has bought 2.08 million metric tons of new-season wheat from domestic farmers since March 15, up 44.4% from last year, government sources said, indicating a robust crop that will help New Delhi shore up its depleted reser...Reuters
Wed, Apr 9
GRAINS-Soybeans in choppy trade after China imposes steeper tariffs on U.S. goods
CANBERRA/PARIS, April 9 (Reuters) - Chicago soybean futures were set to rise for the third consecutive session, brushing off some selling pressure earlier in the day after China raised its tariffs on U.S. goods to 84% from 34%. The most-active soybean contract on the Chicago Board of Trade (CBO...Reuters
Wed, Apr 9
Indonesians rush to gold as rupiah and stocks plunge amid US tariff worries
Indonesia among countries hit by US tariffsGold sales tripled in some storesRupiah hit all time lows, Jakarta stocks have slumpedBy Gayatri Suroyo JAKARTA, April 9 (Reuters) - Hundreds of Indonesians are flocking to buy gold bars, betting that the precious metal's value could shield them from...Reuters
Wed, Apr 9
US pushed for deal to re-open Alphamin tin mine in war-hit Congo, sources say
By Sonia Rolley April 9 (Reuters) - The United States has pushed for a deal that would ensure the reopening of a major tin mine in war-hit eastern Congo, four sources briefed on the negotiations told Reuters. Alphamin Resources AFM.V said in a statement on Wednesday it was initiating a...Reuters
Wed, Apr 9
Tin hits two-month low as major mine in Congo resumes production
By Polina Devitt LONDON, April 9 (Reuters) - Tin prices slumped to two-month lows on Wednesday after major producer Alphamin Resources Corp AFM.V said it was launching a phased resumption of operations at its Bisie mine in Democratic Republic of Congo.A month ago, Alphamin ceased operations at Bi...Reuters
Wed, Apr 9
NORDIC POWER-Forward prices dip on wet weather view, higher hydro balance
April 9 (Reuters) - Nordic forward power prices dipped on Wednesday, weighed by wetter weather forecasts and rising water levels in the hydropower-dependent region.* The Nordic front-quarter baseload power contract ENOFBLQc1 dropped 0.55 euros to 16.95 euros per megawatt hour (MWh) as of 1100 GMT.* ...Reuters
Wed, Apr 9
APA curtails US natgas and NGL production in first quarter on weak prices
April 9 (Reuters) - Oil and gas firm APA APA.O said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices.In January, APA said it reduced production by...Reuters
Wed, Apr 9
COMMODITIES-Oil hits 4-year low, coffee falls as trade war escalates
Commodities hit by escalating US-China trade warMetals, palm oil prices decline amid recession fearsCopper hits eight-month low, iron ore slides 3% in ChinaRobusta and arabica coffee futures hit four-month lowsBy Naveen Thukral and Susanna Twidale SINGAPORE/LONDON April 9 (Reuters) - Oil prices f...Reuters
Wed, Apr 9
Brent falls below key 2024 support – Societe Generale
Brent crude has extended its decline after breaching key support levels from earlier in 2024. While momentum indicators suggest the move is stretched, signs of a significant rebound remain elusive, Societe Generale's FX analysts report.Fxstreet
Wed, Apr 9
Ancora Announces Suspension Of Campaign Following President Trump’S Initiation Of New CFIUS Review Of U.S. Steel’S Sale To Nippon Steel
April 9 (Reuters) - United States Steel Corp X.N:ANCORA ANNOUNCES SUSPENSION OF CAMPAIGN FOLLOWING PRESIDENT TRUMP’S INITIATION OF NEW CFIUS REVIEW OF U.S. STEEL’S SALE TO NIPPON STEELANCORA: WITHDRAWING NOMINATION OF DIRECTOR CANDIDATES FOR ELECTION AT U.S . STEELS' 2025 ANNUAL MEETING OF STOCK...Reuters
Wed, Apr 9
China's car exports under pressure as Trump tariffs roil overseas markets
U.S. tariffs to hit export market economies, industry group saysIndustry association head warns of possible decline in exportsChina domestic EV sales rise, outselling gasoline cars in March BEIJING, April 9 (Reuters) - China's car exports will likely face greater than forecast pressure this y...Reuters
Wed, Apr 9
APA curtails US natgas and NGL production in first quarter on weak prices
April 9 (Reuters) - Oil and gas firm APA APA.O said on Wednesday it curtailed about 8 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices.Reuters
Wed, Apr 9
Russia says Ukraine violated moratorium on energy infrastructure strikes six times in past day
MOSCOW, April 9 (Reuters) - Russia's defence ministry said in a statement on Wednesday that Ukraine had carried out six attacks on Russian energy infrastructure over the past day, in violation of a U.S.-brokered moratorium on hitting energy infrastructure targets. Ukraine and Russia agreed to...Reuters
Wed, Apr 9
Russia says Ukrainian drones tried to strike TurkStream compressor station
MOSCOW, April 9 (Reuters) - Russia's defence ministry said on Wednesday that Ukraine had attempted to attack a compressor station serving the TurkStream pipeline that sends gas from Russia to Turkey via the Black Sea.In a statement, the ministry said that no damage had been caused and the drones...Reuters
Wed, Apr 9
Silver Price Forecast: XAG/USD rallies above $30 as US Dollar tumbles on US-China tariff war
Silver price (XAG/USD) surges almost 2% to near $30.40 during European trading hours on Wednesday. The white metal strengthens as the US Dollar (USD) tumbles amid fears that the escalating trade war between Washington and Beijing could lead the United States (US) economy into a recession.
Fxstreet
Wed, Apr 9
SOFTS-Coffee and cocoa prices hit multi-month lows
LONDON, April 9 (Reuters) - World coffee and cocoa prices hit fresh multi-month lows on Wednesday as U.S. President Donald Trump's trade tariffs on dozens of countries took effect, including massive 104% duties on Chinese goods. Trump's punishing tariffs have shaken the global trading order,...Reuters
Wed, Apr 9
US attempting deal to re-open Alphamin tin mine in war-hit Congo, sources say
By Sonia Rolley April 9 (Reuters) - The United States is attempting to broker a deal that would ensure re-opening of a major tin mine in war-hit eastern Congo, four sources briefed on the negotiations told Reuters.The fate of Alphamin's Bisie mine was a point of discussion during the recent v...Reuters
Wed, Apr 9
Wave of US soybeans set to reach China's shores despite tariffs
Trade war set to disrupt global agricultural commodity flowsState stockpiler Sinograin is key buyer of U.S. beansBrazil expected to supply most of China's soybean demandBy Naveen Thukral SINGAPORE, April 9 (Reuters) - China is set to receive about 3 million metric tons of U.S. soybeans in Apr...Reuters
Wed, Apr 9
Russia says Ukraine violated moratorium on energy infrastructure strikes four times in past day
MOSCOW, April 9 (Reuters) - Russia's defence ministry said in a statement on Wednesday that Ukraine had carried out four attacks on Russian energy infrastructure over the past day, in violation of a U.S.-brokered moratorium on hitting energy infrastructure targets.Ukraine and Russia agreed to pa...Reuters
Wed, Apr 9
Angola's Sonangol seeks $4.8 billion to bridge Lobito refinery funding gap
Lobito refinery will be Angola's largest refineryConstruction expected to start next year, executive saysLuanda refinery upgrade to boost output by 2028, executive saysBy Wendell Roelf CAPE TOWN, April 9 (Reuters) - Angola's Sonangol is in talks with Chinese and European banks to overcome...Reuters
Wed, Apr 9
