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No chance Trump will back off tariffs, Commerce's Lutnick says
WASHINGTON, April 3 (Reuters) - There is no chance Donald Trump will back off his tariffs, Commerce Secretary Howard Lutnick said on Thursday after the U.S. president announced sweeping tariffs and stoked a global trade war."The president is not going to back off what he announced yesterday. He ...Reuters
Thu, Apr 3
US senators seek to rein in Trump tariff authority
By David Shepardson WASHINGTON, April 3 (Reuters) - Two senior lawmakers on the Senate Finance Committee introduced legislation on Thursday seeking to rein in U.S. President Donald Trump's ability to impose tariffs and would require congressional approval for new levies within 60 days.Republi...Reuters
Thu, Apr 3
Silver Price Forecast: XAG/USD nosedives below $32 on “Buy the Rumour Sell the News”
Silver price is down almost 5% during North American trading hours on Thursday, tests territory below $32.00. The price of the white metal has become vulnerable after United States (US) President Donald Trump unveiled a detailed reciprocal tariff plan for his trading partners.
Fxstreet
Thu, Apr 3
Volkswagen to introduce 'import fee' on tariff-hit cars, WSJ reports
April 2 (Reuters) - Volkswagen VOWG.DE will introduce an "import fee" on vehicles affected by 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.The German automaker has temporarily halted rail shipments of vehicles from Mexico and will hold at ...Reuters
Thu, Apr 3
ARA oil product stocks rise 2%, Insights Global data shows
LONDON, April 3 (Reuters) - Oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 2% on the week, data from Dutch consultancy Insights Global showed on Thursday.Total stocks stood at 6.08 million metric tons, the data showed.Gasoline sto...Reuters
Thu, Apr 3
Venture Global's Calcasieu Pass LNG facility gets FERC approval
April 3 (Reuters) - The Federal Energy Regulatory Commission has granted approval to U.S. LNG developer Venture Global Inc VG.N to commence service on the remainder of the facilities at the Calcasieu Pass LNG Terminal in Louisiana, according to a filing on Thursday. Last week, U.S. LNG developer Ven...Reuters
Thu, Apr 3
Lavazza plans US expansion amid Brazil coffee tariff concerns
By Elisa Anzolin MILAN, April 3 (Reuters) - Italian coffee maker Lavazza plans to press ahead with expansion in the U.S. market, it said on Thursday, adding it would assess the potential impact of tariffs on its Brazilian beans before making a decision on boosting local production.The group curr...Reuters
Thu, Apr 3
Colorado State researchers forecast above-average 2025 hurricane season
HOUSTON, April 3 (Reuters) - Colorado State University forecasters in an early prediction said on Thursday the upcoming 2025 hurricane season would be above average with four major hurricanes out of nine hurricanes among 17 named storms, according to a statement. The researchers predict activity abo...Reuters
Thu, Apr 3
Trump's highest tariff will kill tiny African kingdom of Lesotho, economist says
By Marafaele Mohloboli MASERU, April 3 (Reuters) - A 50% reciprocal trade tariff on Lesotho, the highest levy on U.S. President Donald Trump's long list of target economies, will kill the tiny Southern African kingdom that Trump ridiculed last month, an economic analyst there said on Thursday...Reuters
Thu, Apr 3
US natgas prices climb 3% to two-week high on lower output, higher demand forecasts
US gas output on track to drop from record high in MarchUS LNG export feedgas on track to drop from record high in MarchUS gas inventories on track for rare build in MarchBy Scott DiSavinoApril 3 (Reuters) - U.S. natural gas futures climbed about 3% to a two-week high on Thursday on a drop in output...Reuters
Thu, Apr 3
Trump's tariffs set to drive up bar bills and wipe out spirits jobs
Tariffs add to drinks industry painSome shares flat or even higher as worst-case levies avoidedMany drinks must be made in specific areas, cannot move output to USBy Emma Rumney, Elisa Anzolin, Sybille de La Hamaide LONDON/MILAN/PARIS, April 3 (Reuters) - U.S. drinkers will pay more for cocktails...Reuters
Thu, Apr 3
HSBC raises gold price forecasts amid geopolitical tensions
April 3 (Reuters) - HSBC raised its average 2025 and 2026 gold price forecast to $3,015 and $2,915 per ounce respectively, citing geopolitical risks. This is an increase from its previous forecasts of $2,687 and $2,615, it said in a note dated Wednesday. The investment bank said geopolitical risks, ...Reuters
Thu, Apr 3
Pandora Estimates Gross Impact Of US Tariffs At Around DKK 1.2 Bln
April 3 (Reuters) - Pandora A/S PNDORA.CO:STATEMENT ON THE RECENTLY ANNOUNCED U.S. TARIFFSTOTAL IMPACT OF TARIFFS AS ANNOUNCED ON 2 APRIL, BEFORE ANY MITIGATING ACTIONS, IS ESTIMATED TO BE GROSS AMOUNT OF AROUND DKK 1.2 BILLION P.A.OF POTENTIAL GROSS IMPACT , DKK 250 MILLION IS LINKED TO GOODS EVENT...Reuters
Thu, Apr 3
Mexico continues dialog with US after new tariffs announcement
MEXICO CITY, April 3 (Reuters) - Mexican president Claudia Sheinbaum said on Thursday that dialog and cooperation remain ongoing with the United States, after president Donald Trump unveiled new tariffs. She added during a press conference that Mexico being excluded from the general tariffs that Tru...Reuters
Thu, Apr 3
Caspian oil pipeline consortium readies for court battle in Russia over stoppage order
Russia has ordered closure of 2 of CPC's 3 Black Sea berthsCourt hearings may take place in next few daysKazakhstan oil production may suffer MOSCOW, April 3 (Reuters) - The Western-backed Caspian Pipeline Consortium is preparing to challenge in a Russian court a regulatory order that has cri...Reuters
Thu, Apr 3
US FERC grants approval to commence service at Calcasieu Pass LNG export facility
April 3 (Reuters) - The Federal Energy Regulatory Commission has granted approval to U.S. LNG developer Venture Global Inc VG.N to commence service on the remainder of the facilities at the Calcasieu Pass LNG Terminal in Louisiana, according to a filing on Thursday.Reuters
Thu, Apr 3
Coffee and cocoa slide as Trump tariffs spark demand worries
LONDON, April 3 (Reuters) - World cocoa and coffee prices fell on Wednesday as investors fretted that President Donald Trump's move to slap punishing tariffs on U.S. imports would damage chocolate and coffee demand in the world's top consumer of the products. Sugar prices also fell, caught i...Reuters
Thu, Apr 3
Caspian oil pipeline consortium readies for court battle in Russia over stoppage order
Russia has ordered closure of 2 of CPC's 3 Black Sea berthsCourt hearings may take place in next few daysKazakhstan oil production may suffer MOSCOW, April 3 (Reuters) - The Western-backed Caspian Pipeline Consortium is preparing to challenge in a Russian court a regulatory order that has cri...Reuters
Thu, Apr 3
PRESS DIGEST- Canada - April 3
April 3 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Canada will fight U.S. President Donald Trump's trade war with "purpose and force," Prime Minister Mar...Reuters
Thu, Apr 3
Deals of the day-Mergers and acquisitions
April 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** British healthcare REIT Assura AGRP.L has received a 1.5 billion pound ($1.96 billion) indicative cash-and-stock bid from Primary Health Properties , above an earlie...Reuters
Thu, Apr 3
