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SNB paper urges caution on interpreting Swiss foreign trade data due to gold demand
Switzerland hit by bigger US tariffs than the EU, UKSNB note says demand for safe haven assets lifts gold exportsSwitzerland is home to substantial gold refining capacity ZURICH, April 8 (Reuters) - A Swiss National Bank paper on Tuesday urged caution in interpreting Switzerland's foreign tra...Reuters
Tue, Apr 8
Barrick's Reko Diq project in Pakistan aims new financing
By Ariba Shahid KARACHI, April 8 (Reuters) - Barrick Gold's ABX.TO Reko Diq copper and gold project in Pakistan intends to lock in upwards of $2 billion in financing from international lenders, with term sheets signed by early Q3, its project director for the mine told Reuters on Tuesday. The...Reuters
Tue, Apr 8
ANALYSIS-Limited options push China into trade 'war of attrition' with Trump
World-wide tariffs push China into a corner on tradeCurrency moves and subsidies come with large trade-offsHard to boost trade around U.S. while global economy takes a hitU.S.-China showdown seems inevitable - analystsTrade war hinges on who can bear most pain - analystsBy Laurie Chen, Kevin Yao and...Reuters
Tue, Apr 8
Indonesia should be flexible with its rules on locally produced content, president says
JAKARTA, April 8 (Reuters) - Indonesia President Prabowo Subianto said on Tuesday his country should be flexible about its rules on the amount of locally produced components in products assembled domestically, calling those regulations uncompetitive.Prabowo said that the local content rules should b...Reuters
Tue, Apr 8
Eni to continue to produce gas in Venezuela while talking with US over oil
RAVENNA, Italy, April 8 (Reuters) - Eni ENI.MI will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday. Eni has been producing gas in Ve...Reuters
Tue, Apr 8
CORRECTED-EUROPE GAS-Prices rangebound as market weighs tariff impacts
LONDON, April 8 (Reuters) - Dutch and British gas prices rebounded slightly on Tuesday morning and are expected to move sideways as the market assesses the impact of U.S. tariffs on energy amid fears slow global growth could impact demand.The benchmark Dutch front-month contract TRNLTTFMc1 was up 0....Reuters
Tue, Apr 8
CORRECTED-Trump attacked Australian beef, but industry looks like tariff winner
Australia's beef exports to US to remain strong despite tariffsChina's tariffs on US beef are opportunity for AustraliaAustralian beef remains competitively priced in US marketBy Peter Hobson CANBERRA, April 8 (Reuters) - On the day Donald Trump announced tariffs on imports from a dizzyin...Reuters
Tue, Apr 8
Oil Below $40 Isn’t a Joke! Tariffs Hit the Global Economy, and OPEC Throws in the Towel
TradingKey - Following a plunge in international oil prices to their lowest levels in four years, Goldman Sachs has presented an extreme scenario: Brent crude oil falling below $40 per barrel.
TradingKey
Tue, Apr 8
CORRECTED-Indonesia to lower import tax on steel and mining products from the US, finance minister says
JAKARTA, April 8 (Reuters) - Indonesia will lower import taxes on steel and mining products from the United States to between 0% and 5% from rates of 5% to 10%, the finance minister said on Tuesday. The Southeast Asian country will also lower the import tax for electronics, mobile phones, laptops fr...Reuters
Tue, Apr 8
Panama's comptroller office to sue over renewal of CK Hutchison contract
Comptroller says Panama "left $1.3 billion on the table" for CK HutchisonPanama's audit seen as possible roadblock in CK Hutchison's port deal with BlackRockCK Hutchison shares down 2.6%BlackRock CEO says regulatory review for the deal could take nine monthsBy Elida Moreno PANAMA ...Reuters
Tue, Apr 8
Oil: Tariff tensions build – ING
Oil prices witnessed something of a relief rally this morning. Yet risks are still skewed to the downside as President Trump threatens an additional 50% tariff on Chinese goods if it doesn’t lift its 34% retaliatory tariff today. It's unlikely that China will reverse the policy.Fxstreet
Tue, Apr 8
Indonesia to adjust crude palm oil export tax, finance minister says
JAKARTA, April 8 (Reuters) - Indonesia will adjust its crude palm oil export tax to reduce the burden on exporters from U.S. tariffs, Finance Minister Sri Mulyani Indrawati said on Tuesday.Indonesia currently imposes an export tax of up to $288 per ton on crude palm oil, depending on price levels. I...Reuters
Tue, Apr 8
Trump order looks to tap coal in quest to power data centers, Bloomberg News reports
April 8 (Reuters) - U.S. President Donald Trump is seeking to expand the mining and use of coal inside the country in a bid to power the boom in data centers, Bloomberg News reported on Tuesday, citing a senior White House official. In an executive order that Trump is expected to sign on Tuesday aft...Reuters
Tue, Apr 8
Barrick Gold's Project Director For Pakistan's Reko DIQ Says Planning To Sign Term Sheets With Lenders In Late Q2 Or Early Q3
April 8 (Reuters) - BARRICK GOLD'S PROJECT DIRECTOR FOR PAKISTAN'S REKO DIQ: RAILWAY FINANCING TALKS UNDERWAY WITH IFC AND OTHER LENDERSBARRICK GOLD'S PROJECT DIRECTOR FOR PAKISTAN'S REKO DIQ: RAILWAY INFRASTRUCTURE COST EXPECTED TO BE $500-800 MILLIONBARRICK GOLD'S PROJECT DIREC...Reuters
Tue, Apr 8
