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US Treasury chief meets with global banks on Iran oil sanctions
By Timothy Gardner WASHINGTON, April 2 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday met in Washington with 16 global banks and federal law enforcement agencies on U.S. sanctions policy on Iran including efforts to cut its oil exports.Bessent said President Donald Trump's adm...Reuters
Wed, Apr 2
Trump considering revoking tariff exemptions for cheap shipments from China, source says
WASHINGTON, April 2 (Reuters) - The Trump administration is considering revoking tariff exemptions for low-value shipments from China as part of Wednesday's tariff announcement, a source familiar with the plans said.The decision would reinstate U.S. President Donald Trump's decision in Febru...Reuters
Wed, Apr 2
FACTBOX-Top cases before the US Supreme Court
April 2 (Reuters) - The U.S. Supreme Court's current term includes cases involving guns, gender-affirming medical care for transgender minors, online pornography, religious rights, TikTok, preventive healthcare, Planned Parenthood funding, job discrimination, federal regulatory powers on nuclear...Reuters
Wed, Apr 2
US Plains HRW Wheat-Basis bids flat amid slow selling, tariff fears
CHICAGO, April 2 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in U.S. Plains states on Wednesday as trade remained slow ahead of U.S. President Donald Trump's expected announcement of sweeping tariffs on Wednesday afternoon. * Trump is expected to impose sweeping new ...Reuters
Wed, Apr 2
GE Vernova to supply turbines by 2026 for planned natgas power plant in Pennsylvania
April 2 (Reuters) - GE Vernova GEV.N will aid in turning Homer City Generating Station — previously a coal-power plant in Pennsylvania — into a natural gas-powered data center campus by providing seven turbines to produce nearly 4.5 gigawatts (GW) of power.The project is expected to begin producing ...Reuters
Wed, Apr 2
GRAINS-Soybean, corn, wheat futures slump on tariff uncertainty
By Tom Polansek CHICAGO, April 2 (Reuters) - Chicago Board of Trade grain and soybean futures fell on Wednesday as traders worried that U.S. farm exports will suffer from new tariffs that President Donald Trump is expected to announce later in the day.Trump has for weeks pegged April 2 as "Li...Reuters
Wed, Apr 2
EU wheat drifts as US tariff announcement looms
PARIS, April 2 (Reuters) - Euronext wheat futures closed little changed on Wednesday as uncertainty hung over the market before an announcement of sweeping U.S. tariffs due later in the day.A rise in the euro EUR= against the dollar helped curb Euronext, though traders said Western European prices r...Reuters
Wed, Apr 2
Trump's reciprocal tariff plan amplifies risk of ocean shipping chaos, executives say
Trump set to announce reciprocal tariffs on WednesdayShipping companies concerned about potential drop in demandUncertainty over future policy moves fogs industry responseBy Lisa Baertlein, Victoria Waldersee and Renee Maltezou LOS ANGELES/BERLIN/ATHENS, April 2 (Reuters) - U.S. President Donald ...Reuters
Wed, Apr 2
Ivanhoe Mines Commences Giant Copper Exploration Program In Zambia
April 2 (Reuters) - Ivanhoe Mines Ltd IVN.TO:IVANHOE MINES : CO COMMENCES GIANT COPPER EXPLORATION PROGRAM IN ZAMBIAIVANHOE MINES : ZAMBIAN GOVERNMENT GRANTS 7,757-SQUARE-KILOMETRE IN NEW EXPLORATION LICENCES IN COUNTRY'S NORTH-WESTERN PROVINCEReuters
Wed, Apr 2
Trump administration adds beer, can imports to 25% US aluminum tariffs
By David LawderWASHINGTON, April 2 (Reuters) - The Trump administration on Wednesday said it was slapping a 25% tariff on all beer imports, adding the beverage and empty aluminum cans to a list of derivative products subject to its tariffs on aluminum.The Commerce Department said in a Federal Regist...Reuters
Wed, Apr 2
FERC suspends Colonial Pipeline's proposed gasoline shipment changes
By Nicole Jao and Shariq Khan NEW YORK, April 1 (Reuters) - The Federal Energy Regulatory Commission (FERC) on Wednesday suspended Colonial Pipeline's proposal to overhaul its gasoline shipments for seven months to hear additional arguments from the company and shippers that have protested th...Reuters
Wed, Apr 2
EXCLUSIVE -Canada's Trans Mountain pipeline lowers forecasts for amount of oil it ships
Construction cost overruns boosted fees for shipping oil on lineRegulators will hold hearing on whether higher costs are fairPotential US tariffs may still boost Trans-Mountain's appeal By Amanda Stephenson CALGARY, April 2 (Reuters) - Canada's Trans Mountain oil pipeline has downgraded f...Reuters
Wed, Apr 2
Climate Adaptation Center predicts another active hurricane season in 2025
By Henry GaleApril 2 - (The Insurer) - Florida-based nonprofit the Climate Adaptation Center (CAC) has released an early forecast of the 2025 Atlantic hurricane season, predicting 10 hurricanes and five major hurricanes."We are predicting another active year, with only a slight decrease in the n...Reuters
Wed, Apr 2
Europe Gasoline/Naphtha-Gasoline margins dip lower
LONDON, April 2 (Reuters) - Northwest European gasoline refining profit margins dipped lower on Wednesday, from a seven-month high in the previous session, shedding 84 cents on the day to around $12.59 a barrel.A total of 2,000 metric tons of Eurobob E10 traded on Wednesday, with Shell selling a sin...Reuters
Wed, Apr 2
US Cash Grains-Corn, soybean basis mixed amid slow sales
CHICAGO, April 2 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Wednesday as farmer selling remained slow and market players awaited U.S. President Donald Trump's announcement of tariffs later in the day on Wednesday. * The corn basis ticked down at an Ohio e...Reuters
Wed, Apr 2
Canada gasoline prices slide on removal of consumer carbon tax
By Shariq Khan NEW YORK, April 2 (Reuters) - Retail prices for gasoline fell sharply across Canada after the government on Tuesday removed consumer carbon taxes that had been in effect since 2019.Mark Carney signed an order eliminating the Justin Trudeau-era consumer carbon tax on his first day a...Reuters
Wed, Apr 2
METALS-Copper edges up ahead of US tariffs while tin extends rally
By Eric Onstad LONDON, April 2 (Reuters) - Copper prices drifted higher on Wednesday as investors waited for details of U.S. reciprocal tariffs, but tin extended a rally to its highest in nearly three years on supply fears.Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) rose...Reuters
Wed, Apr 2
US produces most uranium since 2018, EIA says
By Laila Kearney NEW YORK, April 2 (Reuters) - The U.S. produced more uranium concentrate, which is used to fuel nuclear reactors, in the last three months of 2024 than it had in any quarter in the last six years, the U.S. Energy Information Administration said on Wednesday.Higher prices of urani...Reuters
Wed, Apr 2
